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The government is selling a 10 per cent stake in the company with a green shoe option of 5 per cent at a floor price of Rs 27.50 per share. The non-retail portion of the OFS was fully subscribed on Wednesday. Shares of RVNL have declined 8.88 per cent to Rs 27.70.
Asian shares up, dollar wallows as Fed soothes inflation fearsIn early regional trade, MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.28% near more than two-week highs, while Tokyo's Nikkei added 0.27%.
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… Read MoreWall Street pauses as investors eye inflation cluesWhile most market participants expect prices to increase as the economy recovers, concerns about the speed and trajectory of the rise persist.
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… Read MoreGameStop jumps more than 16% as 'meme' stocks roar higherGameStop’s shares and those of other stocks popular on forums such as Reddit’s WallStreetBets have climbed in recent weeks, a move that has come amid a broad sell-off in Bitcoin and other cryptocurrencies, another investment … Read MoreAnalysts raise targets on USL post Q4 showEmkay said that ongoing lockdowns could impact the company in the ongoing financial year but overall performance offers comfort on growth and valuation at 35 times FY23 estimated earnings per share is relatively attractive.
… Read MoreStocks in the news: Berger Paints, SPARC, BPCL, HDFC, Burger King and Ajmera Realty Karur Vysya Bank, Sharda Cropchem, LT foods, Karnataka Bank, Arvind are among companies that will announce their March quarter results today.
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