Daily-wager’s son secures SCB seat, faces fee hurdle

Pune-based Poojaa Precision Engg. has launched its Rs 159.83 crore SME IPO, with the issue opening for subscription on July 28. The company plans to use the proceeds to expand manufacturing capacity, strengthen its precision engineering capabilities, and support long-term growth across automotive, EV and industrial segments.

Union minister Kiren Rijiju said India was not a “banana republic” and that there should be rules and regulations to spend foreign funds. The proposed legislation, aimed to manage the gap in the regulation of foregin fundings to NGOs and curb the proselytisation, was fiercely criticised the opposition that termed the bill “anti minority”. Union…

Liquidity surplus at ₹3.48 trillion; RBI lines up ₹1.25 trillion VRRR