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Gold sees worst weekly price action in three years – Is it losing its shine?

Gold prices saw a flat movement on November 15, but for the week they are down 4% , its worst week in three years. One of the major trigger’s for the correction in gold prices is the strong US dollar. Spot gold rose to $2,569.69 per ounce, an uptick of 0.1 per cent after five

NTPC Green Energy IPO: Here are key things to know before IPO opens

NTPC Green Energy will open on November 19. The company will raise Rs 10,000 crore from investors by selling them 92.59 crore fresh shares. The company’s IPO will close on November 22. The IPO price band ranges between Rs 102 to Rs 108 per equity share.  NTPC Green Energy IPO allotment  The allotment of shares

Lobby for change, but don’t bribe: DLF’s Singh to realtors

Why the heck not? DLF chairman emeritus KP Singh seems to have lived by this maxim, using it as an apt title for his new book as well. Sitting dapper at the book’s launch on Thursday, the real estate baron is ready for an evening king-size, complete with a police band. His life and work

Direct payout of securities may resume from next week

After the lacklustre beginning that led to the withdrawal within a day, the exchanges and depositories are expected to take a second shot at direct payout of securities early next week after some tweaking in the system, said sources.   “The issues should be resolved in a few days. With slight system adjustments and fine-tuning of

Shiprocket, CSC to run e-commerce export hubs around Delhi

Logistics enabler for e-commerce Shiprocket and air cargo handling company Cargo Service Centre (CSC) have been selected by the government to run pilots on the setting up E-commerce Export Hubs (ECEH) in the country, a senior official said Thursday. The hubs will be set up in and around Delhi airport and will be rolled out

Agro Tech Foods to buy Bharti-backed Del Monte in Rs 1,300-crore share swap

Agro Tech Foods, backed by Samara Capital, will acquire Del Monte Foods, a joint venture of Bharti Enterprises and Del Monte Pacific, in a share swap deal valued at over Rs 1,300 crore. The transaction will see Agro Tech issue 13.3 million shares at Rs 975.5 apiece to the current shareholders – Bharti (59.29%) and

GAIL inks pact with Abu Dhabi firm for LNG supply

GAIL (India) Limited has signed a 10-year sales and purchase agreement (SPA) with Abu Dhabi’s ADNOC Gas for the delivery of up to 0.52 million metric tonnes per annum (MMTPA) of liquified natural gas (LNG), starting in 2026, the company said on Thursday. This is the first SPA of ADNOC Gas with an Indian buyer.

Mamaearth parent slips into red

Honasa Consumer, the parent entity that owns beauty and personal care brand Mamaearth, posted a surprise loss of Rs 19 crore in Q2 against the Street estimates of a profit of Rs 6 crore, largely due to a slowdown from changes in its distribution model. Revenue from operations, too, fell 7% year-on-year to Rs 462

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BluSmart denies reports of acquisition discussions with Uber

EV cab aggregator BluSmart has denied reports of being in discussions or negotiations with Uber regarding a possible acquisition. A spokesperson from BluSmart told CNBC TV18 that reports suggesting such a development are entirely speculative and unfounded.  The company spokesperson further maintained that BluSmart remains focused on scaling its operations, expanding its footprint, and driving

Welspun Corp bags new orders worth Rs 2,400 crore for supply of coated pipes in the US

Welspun Corp Ltd on Monday announced that it has received a new order worth Rs 2,400 crore (approx) in the US. The order, it added, is for supply of coated pipes for Natural Gas Pipeline Projects in the USA.  In a regulatory filing, the company said that the orders will be executed largely during FY26

Can the Nifty scale past 23,000 this week? A look at key levels to watch

All eyes are on the market levels this week after the Nifty failed to close above 22,500 last week. Positive global cues are expected to boost sentiment. Market participants have noted that the Nifty 50 needs to jump above the 22,500 mark decisively for an uptrend as this has become a key resistance level while

Upcoming Dividend, Bonus, Stock Split: From PFC to IRFC, A look at key corporate action this week

For stock market investors, few things are as exciting as corporate rewards such as dividends landing in their accounts, extra shares through bonuses, or stock splits making pricey stocks more affordable. And this week, there is a lot happening on that front. Some of the most watched stocks include Indian Railway Finance Corporation (IRFC), Power

Upcoming IPOs: 1 mainboard, 3 SME issues open for subscription this week, 2 new listings to hit the market

The IPO market is back in action. After a relatively quiet spell, the primary market is heating up again with four new public issues set to open for subscription this week. Investors can look forward to one mainboard IPO and three SME IPOs hitting the Street, while two recently concluded issues will make their market