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India's forex reserves surge $4.3 billion to hit new lifetime high of $55.8 billion
Credit: IndiaTimes- Published on June 14, 2024
India's foreign exchange reserves surged by $4.3 billion during the week ended June 7 to scale a lifetime high of $655.8 billion, according to the latest data released by the RBI on Friday. For the week ending June 7, foreign currency assets, the largest component of the reserves, rose by USD 3.773 billion to USD 576.337 billion.
Video credit: Oneindia
Published on June 12, 2024 - 03:00
Haldiram's IPO in the Works? Rumors in Market as Group Rejects $8.5 Billion Bid from Global Investor
Haldiram Snacks, a renowned Indian snack company, is considering an initial public offering (IPO) after rejecting acquisition offers from investors like Blackstone and Bain & Company for not meeting the Agarwal family's $12 billion valuation expectation. The family received bids ranging from $8 billion to $8.5 billion. With India's IPO market booming, raising nearly $4 billion so far this year, going public remains an attractive alternative for Haldiram.
#Haldiram #HaldiramIPO #Haldiramsnacks #Blackstone #Bain&Company #IPO #IPOnews #StockMarket #IndianMarket #Sharenews #Businessnews #Oneindia #Oneindianews
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