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Ganga Bath Fittings is set to list on the NSE SME platform after its IPO aimed to raise Rs 32.65 crore. However, the grey market premium indicates a discounted debut, with expectations of opening below the IPO price. The company, a manufacturer of bathroom accessories, plans to use IPO proceeds for capital expenditure and working capital.
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A federal appeals court has allowed President Trump's tariffs to remain in effect while it reviews a lower court decision that blocked them. The court will consider whether Trump exceeded his authority by imposing the tariffs under an emergency economic powers act.
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The US Commerce Secretary said the deal should result in some restrictions being resolved.
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