Oil fell on Monday ahead of an OPEC+ supply policy meeting that may decide whether a recent rally in prices can be sustained as the world fitfully recovers from the COVID-19 pandemic. Brent crude was down 24 cents or 0.3% at $79.04 per barrel by 0143 GMT. It rose 1.5% last week, its fourth weekly gain in a row. U.S. oil dropped by 27 cents or 0.4% to $75.61, after rising for the past six weeks.
Gold prices hit a near two-week peak on Monday, as a weaker dollar offset bets that the U.S. Federal Reserve could begin tapering its pandemic-era asset purchases soon. Spot gold rose 0.2% to $1,764.60 per ounce by 0112 GMT, after hitting $1,765.54, its highest since Sept. 23. U.S. gold futures gained 0.4% to $1,764.90.
Indian Bank, incorporated in the year 1907, is a banking company (having a market cap of Rs 17660.36 Crore).
The company, backed by SoftBank Vision Fund and Carlyle Group Inc, is looking to raise nearly $1 billion through a planned initial public offering (IPO) by the end of the current financial year.
Cryptocurrency is increasingly gaining in prominence as a payment method among a small yet growing set of businesses in the formal and informal economy in India.
The deal values the new-age logistics services provider at around $4 billion.
The RBI is expected to follow a divergent strategy when it comes to interest rates, which are at a historic low and dealing with the Rs 10 lakh crore of surplus liquidity sloshing in the banking system.
An internal study by the central bank has revealed that borrower delinquency reduced after the RBI’s February 12, 2018 circular requiring banks to initiate insolvency within six months of default but deteriorated after the circular was struck down by the Supreme Court in April
Vedanta group chairman Anil Agarwal says his companies are looking to invest around $20 billion in India, including in the privatisation of BPCL, Shipping Corporation and Hindustan Copper.
Shares in Evergrande have plunged 80% so far this year, while its property services unit has dropped 43% as the group scrambles to raise funds to pay its many lenders and suppliers.
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