Gold prices stabilised on Monday after hitting their lowest in nearly two weeks, as a retreating dollar lent some support to the metal.Spot gold was little changed at $1,845.48 per ounce by 0055 GMT. U.S. gold futures fell 0.3% to $1,846.80.

Shares of Paytm parent One97 Communications plunged as much as 19% on Monday, adding to its 27% decline on debut on Thursday as retail investors who bet on a listing gain continued to dump the stock while domestic institutional investors stayed away from the counter. The subdued listing and continuation of weak trading on Paytm has dented sentiment in the domestic market, which had been thriving on the strong primary market, said analysts.

Founded in 1925, Raymond Group will have five focused business areas including textile, fast moving consumer goods, real estate, education and engineering.

The new management at Spandana has also hired an independent agency to probe into issues concerning the IT system and operations of Criss Financial – a gold loan subsidiary of it, hinting that there is a suspicion of wrongdoings.

The ready-to-cook, ready-to-mix and staples categories have higher margins compared with packaged commodities, but low penetration from branded players.

Retail investors, who bought an unprecedented amount of shares in Paytm’s parent One 97 Communications Ltd., have seen more than 35% of their value wiped out in just two trading sessions. Further losses may be in store if the stock slumps from its Monday closing price of 1,359.6 rupees to the 1,200 rupees predicted by Macquarie Group Ltd.

Twin Star Holdings and Vedanta Netherlands Investments BV, the promoter companies of Vedanta, will be purchasing around 170 million shares at an offer price of Rs 350 per share.

As Paytm’s shares went into freefall in the early hours of trading on Monday, many took to social media to vent. Others, however, went online looking for someone to blame.

​​The strategic partnership is coming at a time when experts believe that the stressed asset situation in India will get more complicated. Indian banks are likely to see a rise in gross non-performing assets (NPA) to 8-9% of total lending at the end of this fiscal year from 7.5% last year, rating agency CRISIL said in October.

The Gurugram-based company had filed its draft IPO papers for a Rs 1,900 crore IPO in July, which was approved by market regulator Securities and Exchange Board of India (Sebi) in October.