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Commodity prices traded volatile during the week passed by with most of the commodities in non-agro segments witnessed selling. Crude oil prices managed to end in green while base metals traded weak on demand growth concerns. Bullion prices pared weekly gains in the second half of the week with rally in dollar index. The dollar index rose by 0.75% for the week in a rare move against widening deficit and higher stimulus. Gold prices traded Read More

The Rs 4,633-crore Indian Railway Finance Corporation (IRFC) initial public offer (IPO) is set to open for subscription on Monday, January 18, 2021, in the price band of Rs 25-26 apiece. At the upper end of the price band, IRFC would raise Rs 4,455 crore, and at the lower end, Rs 4,633 crore. The anchor book will open today (Friday, January 15, 2021) and will be allocated up to 60 per cent of the portion Read More

Petrol and diesel prices on Thursday were hiked by 25 paise per litre each, the second straight day of increase in rates that took the prices to new highs. Petrol now costs Rs 84.70 per litre in Delhi and diesel is priced at Rs 74.88, according to a price notification from oil marketing companies. This is the second straight day of a price increase. Rates were hiked by 25 paise each on Wednesday after a Read More

Indigo Paints initial public offering (IPO) will open for subscription next week, paving the way for its much-awaited debut on Dalal Street. Sequoia Capital-backed Indigo Paints IPO, which received a go-ahead from Securities and Exchange Board of India (SEBI) earlier this month, will open for subscription on January 20 and close on January 22. The paints manufacturer is looking to raise Rs 1,000 crore from the capital markets with a combination of fresh issuance and Read More

Markets regulator Sebi has imposed a penalty totalling Rs 85 lakh on Orient Resorts (India) and two individuals for not complying with the watchdog’s earlier directive to wind up its operations and refund investors’ money.The fine has been imposed on Orient Resorts (India) Pvt Ltd (ORIPL), Dilpesh V Shah and Darshanbhai Arvindbhai Shah (noticees). In November 2013, Sebi had passed an order directing Orient Resorts to wind up its operations and refund the money of Read More