Tue, Dec 24, 2024 9:31 PM
Energy, mining stocks lead gains in Europe's holiday-thinned trade
A Flip by Shubhangi Gupta
Rajasthan-based Mangal Electrical Industries plans to approach the primary market to raise Rs 450 crore via an initial public offering for its capacity expansion and working capital requirements. It has filed a draft red herring prospectus (DRHP) with the SEBI on December 24. The IPO consists of an entirely fresh issue by the company, with no offer-for-sale component.
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According to the latest RBI data released in its monthly Bulletin on Tuesday, most external sector parameters weakened in October. The only exception was gross foreign direct investment, which rose 14% to $6.8 billion in October. However, other indicators showed a decline. Non-resident Indian (NRI) deposits and outward remittances under the liberalised remittance scheme slowed in October.
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Gold prices experienced a modest decrease on Wednesday. The cost of 24 carat gold in India is Rs.7751.3 per gram, reflecting an decrease of ₹ 100.0. The cost of 22 carat gold in India is 7106.3 per gram, a fall of ₹100.0. The price fluctuation of 24 carat gold over the past week is recorded at 0.5%. The current price of silver in India is 94400.0 per kg, reflecting no change.
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