Midwest shares list at 9% premium over IPO price

Midwest share price: Midwest, India’s largest Black Galaxy Granite producer, debuted on stock exchanges at a 9.4% premium, reflecting strong investor demand for its Rs 451 crore IPO. The company’s integrated model, global reach, and robust financial performance, including significant…

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RBI seeks gold comfort over dollar assets

In a bold move towards financial stability, India’s Reserve Bank is transforming its foreign exchange strategy. By acquiring more gold and scaling back on US Treasury Securities, the bank is effectively diversifying its reserves. This shift underscores gold’s reputation as…

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Sebi bans First Overseas Capital for two years

Sebi has banned First Overseas Capital from the securities market and new IPO mandates for two years, imposing a ₹20 lakh fine. The regulator found the merchant banker violated norms by not maintaining adequate net worth, exceeding underwriting limits, and…

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