Good morning, dear reader!Fears of a rate hike by the US Fed have returned to stalk financial markets the world over on Monday, and it looks like Dalal Street too may come some pressure. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.1 per cent and away from a 13-month peak. At the upper end of the price band at Rs 850-860, the IPO will fetch Rs 894.40 crore. The issue will close on September 15.The pitfalls of the global economic downturn are showing everywhere around the world. Combined, the measures lead to an underutilisation rate of 14.2 per cent, much higher than during the global financial crisis.

Source: Economic Times September 12, 2016 02:15 UTC