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Takyon Networks is set to launch on the Bombay Stock Exchange SME platform on August 6. The initial public offering saw a good response. However, the grey market premium is zero. Shares are expected to debut around Rs 54. The IPO was subscribed 21.77 times overall. The company plans to use the funds for working capital and loan repayment.
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Many of the accounts were linked to criminal groups operating in South East Asia, the social media giant said.
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The dollar remained rangebound as investors awaited President Trump's Federal Reserve Board nominee. U.S. services sector activity flatlined in July, highlighting the impact of tariffs. Despite this, the dollar's movements were muted, with traders hesitant to take positions before the Fed announcement.
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