Tue, Nov 26, 2024 8:45 AM
Dollar rises as Donald Trump threatens higher tariffs
A Flip by Avya Verma
Shares of NTPC Green Energy Ltd., NTPC Ltd.'s green energy arm, may see a neutral to flat listing, according to analysts. NTPC Green's IPO sailed through the tough waves in the market, led by retail investors who bought 3.59 times while the qualified institutional bidders (QIB) booked 3.51 times the allotted quota. Considering all the parameters, along with decent subscription demand.
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Gold prices plummeted to their lowest level in almost a week, falling 0.2% to $2,621.06 an ounce, amid rumors of a possible ceasefire between Israel and Hezbollah and a stronger dollar. Gold has traditionally been a safe-haven asset during geopolitical and economic uncertainty, but a stronger dollar reduces its appeal.
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Centre will revamp operations of non-bank lender IFCI Ltd by shutting its lending operations following capital constraints and converting it into an infrastructure advisory firm, two government sources told Reuters on Tuesday. IFCI, launched in 1949 soon after the country's independence, was asked to stop fresh lending in 2021-22 after bad loans soared, depleting the lender's capital.
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