Gold prices edged up on Wednesday, although strength in the U.S. dollar and bets that the Federal Reserve could raise interest rates sooner kept the metal below the key $1,800 mark. Spot gold rose 0.3% to $1,794.96 per ounce by 0239 GMT, after slipping as much as 1.4% to its lowest since Nov. 5 on Tuesday. U.S. gold futures added 0.6% to $1,793.90 per ounce.
The IPO would open for subscription on November 30 and will close on December 2.
“It is a bit of a wait and watch kind of situation in banks but since we have not seen much of a price performance, risk reward is attractive. That is why I think banks look attractive from the next two years’ perspective.â€
Spicejet Ltd., incorporated in the year 1984, is a Mid Cap company (having a market cap of Rs 5078.72 Crore) operating in Airlines sector.
The bank wants to dissolve the entire board and remove the promoter family, as it believes the board is functioning in cahoots with the minority shareholders (the promoters), who should not have representation on the board.
​The bank has increased its market share in the credit card business in the last one were after RBI banned market leader HDFC Bank in December last year. The ban was subsequently lifted in August but not before ICICI closed the gap with HDFC in terms of cards issued. ​​​​The bank will tied up with companies like India Filings to help traders get key registrations and licenses such as trade license, Importer Exporter Code (IEC), GST registration.
The Reserve Bank may remain less accommodative when the monetary policy committee (MPC) is expected to release its assessment and vote next fortnight as the economy is in a much better shape and slowly moving back to pre- COVID levels of economic activity.
The Securities and Exchange Board of India (Sebi) said on Tuesday companies should disclose more details to shareholders about related-party transactions while seeking their nod. The regulator said in a circular that listed companies have to provide justification on why the proposed transaction is in their interest.
Bharat Forge said its arm Kalyani Powertrain has hiked stake in electric two-wheeler maker Tork Motors to 60.66 per cent.
Planned smaller IPOs could have a harder time pricing shares if there is a reduced appetite for new listings. The shares of Paytm rival One MobiKwik Systems Ltd. have fallen about 40% in the so-called grey market.
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