About a dozen companies are poised to seek more than ₹15,000 crore through public offerings in the coming month with investment bankers and corporates undeterred by the pronounced volatility in the secondary market. Several aim to do so ahead of Diwali, which is on November 12.
Gold is shining brighter this festive season even as battle rages in Gaza, threatening to spill over West Asian borders. Despite prices of the yellow metal moving up by 5.5% since outbreak of the Israel-Palestine conflict, sales have surged by up to 30% during Dussehra-Navratri from the year earlier, said leading jewellers such as Malabar Gold & Diamonds, PNG Jewellers and Senco Gold & Diamonds.
The finance ministry is reviewing its disinvestment schedule following the recent stock market selloff amid high volatility triggered by global factors, said people aware of the details.
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