Tue, Nov 16, 2021 3:22 PM
Mensa Brands emerges as India’s fastest startup to turn unicorn
A Flip by Flipitnews
The US government's finances are deteriorating, with the CBO projecting a $400 billion increase in borrowing this year and $22.1 trillion over the next decade. Despite concerns about the impact on money markets, the increased borrowing is unlikely to cause an immediate spike in short-term interest rates due to factors such as the Fed's reverse repo facility and standing repo facility.
Open Flip
Banks advising Hyundai's India IPO are set to earn up to $40 million in fees, a significant windfall in a market where banks typically struggle to make money. The fee, equivalent to 1.3% of the IPO size, would be the second-highest ever for an Indian IPO. The deal could raise $2.5-$3 billion at a valuation of up to $30 billion, making it one of India's largest IPOs.
Open Flip
Reliance Industries' shares surged 4.14% to a new high of ₹3,029, driven by brokerages' raised target prices following the company's in-line fourth-quarter earnings. The stock has delivered 32% returns in the last year and 17% year-to-date. Brokerages like Jefferies, UBS, and Nuvama have set target prices ranging from ₹3,380 to ₹3,500.
Open Flip
