The IPO comprises a fresh issue of ₹1,000 crore and an offer for sale of ₹2,000 crore. The issue will open for subscription on May 8 and close on May 10.
India’s gold consumption is projected to drop to 650–700 tonnes this year as a sharp price rally hurts jewellery demand. Investment buying remains strong, with
Federal Reserve President John Williams told CNBC on Friday he does not see an imminent need to follow last week’s interest rate cut with another
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