Thu, Dec 3, 2020 1:32 PM
HDFC Bank falls after RBI bars it from issuing fresh credit cards
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Spot gold closed $2 down at $2301 in a highly volatile market Friday. US nonfarm payroll and ISM services data fell short of forecast; however, inflationary pressure continues to build up. The metal was down around 1.50% on the week. The US yields retreated on dismal US data. The ten-year US yields were down 1.95% Friday to close at 4.50%, whereas the two-year yields fell % to %
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Housing finance company Aadhar Housing Finance initial public offerings (IPO) will open for subscription on May 8 and will close on May 10. The mainboard segment IPO has set at ₹300 to ₹315 per share. Ahead of the issue, Aadhar Housing Finance IPO is commanding a premium of ₹51 per share in the grey market on May 5, against ₹55 per share on May 4, according to market observers.
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Muthoot Finance’s microfinance arm, Belstar Microfinance Ltd, on Sunday filed preliminary papers with capital markets regulator Sebi to raise Rs 1,300 crore through an initial public offering (IPO). The Chennai-based entity’s IPO is a combination of fresh issue of equity shares worth Rs 1,000 crore and an offer-for-sale (OFS) of Rs 300 crore by investor shareholders, according to the DRHP.
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