The Securities and Exchange Board of India has given the National Stock Exchange the go-ahead for its initial public offering. This marks a significant milestone after a decade of planning. The NSE's IPO is anticipated to be the largest in terms of size and post-market capitalization. Investor interest is high, with a surge in retail participation in unlisted shares.
The Indian stock markets faced a downturn on Friday, ending January with a notable 3.1% declinethe sharpest drop seen in January since 2016. Analysts suggest that investors are holding back in anticipation of the upcoming budget. Still, there's a silver lining on the horizon, with expectations of a gradual market recovery soon.
The Indian rupee faced a turbulent Friday, marking a grave closing low and inching closer to 92 against the dollar. However, the Reserve Bank of India's prompt measures acted as a safety net, preventing it from breaching this crucial milestone before the weekend's budget.
In the last two weeks, Chicago has had two deaths and at least seven cases of meningococcal disease in adults a higher number of cases than usual for such a short time span, according to the Chicago Department of Public Health.
