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The rupee ended little changed on Monday after gaining in each of the previous four sessions as investors turned more cautious a day before a preliminary survey on China's manufacturing sector.Worries about the health of China's economy have been a major drag in emerging market assets over the past week, while uncertainty also remains about the U.S. Federal Reserve's near-zero interest rate policy.Meanwhile, ...
State-owned steel producer Rashtriya Ispat Nigam Ltd has filed draft papers for an initial public offer of 10 percent of its shares.The Indian government will sell about 440.1 million equity shares to the public in the offering, according to a draft prospectus on the Securities and Exchange Board of India's website.The share sale is part of the Indian government's target to raise a record $10.5 billion ...
Shares of gold jewellery stocks are trading higher by up to 20% in otherwise weak market ahead of festive season.Stocks like PC Jeweller, Tribhovandas Bhimji Zaveri (TBZ), Gitanjali Gems, Tara Jewels, Lypsa Gems & Jewellery and Shree Ganesh Jewellery House have gained between 5-20% on the BSE.  Titan Company and Rajesh Exports, too, are trading higher between 1-2%. At 1110 hours, the benchmark ...
Silver's sell-off extended to a second session on Monday, with the metal tumbling to a four-year low, as investors unwound long positions amid strength in the dollar and the possibility of a sooner-than-expected U.S. rate hike.Weakness in gold, which fell to its lowest since January and was edging close to breaking below $1,200 an ounce, also weighed on silver and other precious metals.The precious ...
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