Blackstone-owned International Gemological Institute files papers for Rs 4,000 crore IPO

US fund Blackstone backed diamond certification company International Gemological Institute (IGI) has filed draft papers with the capital markets regulator SEBI to raise Rs 4,000 crore ($480 mn) through an initial public offering (IPO).

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Rupee rises for a 3rd day as crude falls

The Indian rupee strengthened for the third consecutive day, closing at 94.56 against the dollar. This rise was driven by retreating oil prices following a