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Eternal, formerly Zomato, may see passive outflows of $840 million as FTSE and MSCI reduce its index weightage due to a Foreign Ownership Limit cut, impacting global investor exposure.
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News and Media
Pune-based KSH International has filed a DRHP with SEBI to raise Rs 745 crore via IPO, comprising a Rs 420 crore fresh issue and Rs 325 crore OFS. The magnet winding wire manufacturer exports to 24 countries and plans to use proceeds for debt repayment, machinery expansion, and a solar plant setup. Its FY24 revenue rose 32% to Rs 1,383 crore.
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Hong Kong has said it will open its universities to more international students, highlighting those affected by the US government's move this week to block Harvard from enrolling foreign nationals. A US judge on Friday halted the administration's move to prevent Harvard from admitting foreign students after the university sued, calling the government's action unlawful.
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News and Media
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