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"The company remains focused on reducing debt and interest costs further in the coming quarters. Post IPO, the company has prepaid debt of around Rs 200 crore and refinanced about Rs 265 crore, apart from JV debt refinancing activities," the statement said.

Gold declines Rs 90; silver falls Rs 374

Updated at : 2022-08-13 16:45:02

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Silver also dipped by Rs 374 to Rs 59,166 per kg from Rs 59,540 per kg in the previous trade.In the international market, both gold and silver were trading flat at USD 1,789 per ounce and USD 20.37 per ounce, respectively.

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Refiners in India, which rarely used to buy Russian oil due to high freight costs, are snapping up Russian oil since late February after some western countries and companies shunned purchases from Moscow over its invasion of Ukraine

Syrma SGS Technology IPO: All you need to know

Updated at : 2022-08-13 15:20:01

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The price band for Syrma SGS Technology IPO has been fixed at Rs 209-220 per share.

The ED said it had conducted searches at several premises linked to the company, Yellow Tune Technologies Pvt. Ltd, over three days starting August 8.

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"On the back of the developments mentioned above at the Bacheli mine, Kumaraswamy mine and other mines, we target production of 460 lakh tonnes of iron ore in FY23. This volume is about 10 per cent higher than in FY22 and would provide a cushion against possible pressure on pricing and we hope to maintain and surpass the top line again in FY23," NMDC Chairman and MD Sumit Deb said.

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Currently, India is positioned as the third largest military spender in the world. The defence needs are largely being serviced by imports. In order to advance and support the domestic defence industries, our defence budget is consistently rising in absolute terms and also as a percentage of GDP.

"At the aggregate index level, a month back market was lucrative with respect to valuations. After a recent rally, it has come to a neutral zone, which still is a good entry point for investors with an 18-24 months horizon."

The crypto market plunged in May and June as worries about high inflation and Federal Reserve interest rate hikes prompted investors to ditch risky assets. Following the collapse of a major pair of tokens, some cryptocurrency lenders froze customer withdrawals, and several crypto firms have cut jobs.

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At the G20 Ministerial Symposium on Tax and Development in Bali, she had suggested that G20 should examine the feasibility of bringing non-financial assets like crypto into the ambit of automatic exchange of information among nations to check tax evasion.

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