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Midwest, a natural stone exporter, is launching its Rs 451-crore IPO on October 15. The offering includes fresh shares and existing shareholder sales. The price band is set between Rs 1,014 and Rs 1,065. Midwest mines granite in Telangana and Andhra Pradesh and exports to 17 countries. The company plans to use IPO funds for expansion and sustainability initiatives.
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News and Media
Gold prices surged on Wednesday, nearing record levels. Investors sought safety in bullion as U.S.-China trade tensions escalated, increasing global uncertainty. Expectations of further U.S. interest rate cuts also fueled the rally. Silver prices also climbed, tracking gold's upward movement. Platinum and palladium prices remained steady. Investors are closely watching upcoming economic data releases from China and Europe.
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News and Media
China's consumer prices declined by 0.3% in September, marking a continued period of deflation. This dip, coupled with persistent producer price deflation, reflects the impact of domestic economic weakness and renewed trade tensions on confidence. The monthly CPI saw a slight increase of 0.1%.
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News and Media
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