Jewellery shares shine after RBI eases norms
Shares of jewellery maker such as Gitanjali Gems, Tribhovandas Bhimji Zaveri (TBZ), PC Jeweller, Rajesh Exports and Titan Company are trading higher by up to 5% on reports that the Reserve Bank of India on Wednesday allowed nominated banks to provide gold on loan to jewellers. The central bank also... read more »
Wholesale price index slips into negative zone
Riding high on the fall in fuel prices, the wholesale price index (WPI) dipped to – 0.39 per cent in January. A fall in inflation has been recorded for the eighth consecutive month. Inflation was at 0.1 per cent in December. The WPI plunged into the negative zone as the slide in fuel prices more... read more »
Gold recovers on wedding season demand
Gold prices on Monday recovered by Rs 70 to trade at Rs 27,700 per ten gram at the bullion market, largely supported by wedding season demand from jewellers and retailers amidst a firming global trend. Silver rose for the third day by gaining Rs 200 to Rs 38,900 per kg on continued buying by coin... read more »
SEBI seeks fresh clarification on UFO Moviez’s Rs. 750 crore IPO
Market regulator SEBI has sought fresh clarification from UFO Moviez India on the company’s proposed Rs. 750 crore initial public offer (IPO). Without disclosing the details of information sought, the Securities and Exchange Board of India said “clarifications awaited from lead manager” for... read more »
