Gold prices surged by Rs 1,000 per 10 grams over the past two days, while silver saw a rise of Rs 700 per kilogram, signaling a strong rebound after both metals ended their recent losing streak. On Tuesday, both gold and silver futures closed on a positive note, both domestically and internationally. The Gold December
GIFT Nifty suggests that Indian equity indices, BSE Sensex and NSE Nifty 50, may experience a subdued start on Thursday, following a marginal decline in U.S. stocks and mixed cues from Asian markets. Investors are likely to remain cautious amid global market uncertainties. GIFT Nifty is trading down by just 12 points or 0.05% at
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a lacklustre opening on Thursday. Here’s a look at the key stocks to watch in trade. GIFT Nifty is trading down by just 12 points or 0.05% at 23,659.50 indicating a lacklustre opening for domestic indices NSE Nifty 50 and
Birla Opus, the paints business of Aditya Birla Group’s Grasim Industries, is ramping up its utilisation levels as it eyes $1 billion in revenue in the next three years. The paints company, which launched its fourth plant at Chamarajnagar in Mysuru on Tuesday, is aiming for a high single-digit market share (around 7-8%) by the
India’s import bill for natural gas surged by 17% to $8.9 billion during the first seven months of the current fiscal compared with $7.6 billion in the same period a year ago due to rise in consumption particularly by the city gas distribution companies and the power sector, data from the Petroleum Planning and Analysis
Hyundai Motor India will pick up 26% equity in FPEL TN Wind Farm, a special purpose vehicle, to source solar and wind power for its factories, for Rs 38 crore. FPEL TN Wind Farm will establish a solar power plant with a 75 MW capacity and wind power of 42.9 MW capacity in Tamil Nadu.
The National Company Law Tribunal (NCLT) on Wednesday restrained Aakash Educational Services from passing a resolution to amend its articles of association (AoA), till the insolvency matter of its parent firm, Think and Learn, which runs Byju’s, is disposed of. This effectively means that Aakash will have to wait for making any changes in its
ReNew Energy on Wednesday reported a surge of 31% in its net profit for the second quarter of the current financial year at Rs 493.9 crore. It had reported a Rs 377.1-crore profit in the corresponding quarter of the last fiscal. The company’s adjusted Ebitda came in at Rs 2,420.9 crore against Rs 2,129.8 crore
Gold has been on a tear with its price jumping over 50% in the last one year. In international markets, gold crossed $3,000 an ounce on March 14, while in India, gold rate today is Rs 87,970 per ten grams. The recent surge in gold prices is due to the R-word – recession, which now
US stocks rallied to their best day in months on Friday as Wall Street’s roller coaster suddenly shot back upward. That still wasn’t enough to keep the US market from a fourth straight losing week, its longest such streak since August. The S&P 500 jumped 2.1% a day after closing more than 10% below its
As the markets graduated from a correction to a full-blown crash, investors of all types are running for exit. It is at times like these that we must remember the words of the world’s most famous value investor, Warren Buffet. He said, “Be greedy when others are fearful and be fearful when others are greedy.”
Companies in the business of keeping cool are gearing up for a record summer this year. With temperatures already on the rise in the west, east and parts of the north, firms are readying production and distribution initiatives to meet the demand surge expected in the coming summer months. “February and the first two weeks
The domestic stock exchanges have seldom had it so good. Over four years of a bull market, coupled with investors entering in droves — it’s a heady mixture for the bourses. Consequently, their coffers have been flowing over. Sample this: India’s biggest stock exchange – the NSE – reported a 57% and 94% year-on-year growth
