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The Unit Approval Committee of GIFT SEZ Wednesday met to consider those proposals as the special economic zone is set to launch a bullion exchange in the next few weeks amid growing investor interest.

The IPO consists of a fresh issue of equity shares worth Rs 500 crore and an offer for sale (OFS) component of 43,727,603 equity shares.

On September 11th, Invesco-owned Invesco Developing Markets Fund and OFI Global China Fund LLC had sent a notice to the ZEE board, seeking an EGM to discuss the removal of three directors, including MD and CEO Punit Goenka, from the board and induction of six new independent directors of its choice.

A battle between the central banks and private cryptocurrencies has been brewing for some time and now it seems we are getting closer to a climax," said Kamath, the co-founder of India’s largest stock trading platform by volume.

Benchmark equity indices shed more than 1 per cent on Tuesday, the rupee closed at a one-month low, while yield on the 10-year benchmark government bond climbed 2 basis points. Bond prices and yields move inversely.

The Dow Jones Industrial Average rose 60.09 points, or 0.18 per cent, at the open to 34,360.08.

Nifty50 appears to be taking support around its 27-day-old ascending channel, as it is bouncing back after testing the lower boundary of the channel for the last two sessions, said Mazhar Mohammad of Chartviewindia.in.

In the international market, gold was trading with gains at $1,739 per ounce and silver traded flat at $22.26 per ounce.

"Noticees being insiders had executed off market transactions while in possession of Unpublished Price Sensitive Information (UPSI)," Sebi said.

For much of this year commentators have been warning that falling yields suggest the bond market is increasingly irrational, out of touch with a rapid global recovery and misled by heavy central bank buying or the ebbs and flows of the pandemic.