Popular Vehicles, Azad Engineering file draft IPO papers with Sebi https://ift.tt/UoKHcL5 Vehicles and Services IPO comprises fresh equity issue of Rs 250 crore and an offer for sale up to 1.42 crore shares. Azad Engineering's IPO includes a fresh issue of up to Rs 240 crore and an OFS of Rs 500 crore. Under the OFS, Rakesh Chopdar, Piramal Structured Credit Opportunities Fund and DMI Finance will sell shares
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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