Solomon’s comments echoed those of JPMorgan & Co CEO Jamie Dimon in expressing caution about the economic outlook. Their counterpart at Bank of America Corp, Brian Moynihan, has been more optimistic, pointing to the healthy finances of consumers and businesses.
Silver has fallen as much as 14% this week, hitting a seven-month low as expectations of US Fed rate cuts fade and bond yields rise.
The IPO comprises a fresh issue of 60 lakh shares worth Rs 25.20 crore and an offer for sale (OFS) of 14.95 lakh shares aggregating
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