Gold and silver rates today, October 21 The 24-carat gold rate in India was Rs 77,770 per 10 grams on October 18. The rate for 24-carat gold per gram is Rs 7,777. The rate of 22-carat gold was Rs 71,289 per 10 grams. The rate of 24-carat gold has risen by 2.26% in the last
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a lacklustre opening on Monday. Here’s a look at the key stocks to watch in trade. GIFT Nifty ended unchanged at 24,891 indicating a lacklustre opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Friday
By V K Sharma Foreign institutional investors (FIIs) continue to sell Indian stocks in their penchant for Chinese stocks, hoping the Communist Party of China (CPC) will take more concrete steps to address the long pending structural issues in China. Till Friday, October 18, the FIIs have sold stocks valued at around Rs 80,220 cr
The National Stock Exchange of India (NSE) has increased the lot sizes for its five index derivatives contracts–Nifty, Nifty Bank, Nifty Financial Services, Nifty Midcap Select and Nifty Next50, in accordance with the Securities and Exchange Board of India’s (Sebi’s) latest futures and options (F&O) regulations. The lot size for Nifty 50 will see a
The buzz in the primary market continues. The big bang Hyundai IPO listing is on October 22. That apart companies are looking to raise around Rs 11,000 crore and the key IPOs in focus this week include Waree Energies and Shaporji Pallonji Group’s Afcon Infrastructure IPO. There will be a total of four IPOs in
Despite a 4% correction in the market this month, Vetri Subramaniam, chief investment officer, UTI AMC believes this is not a time to take more risk. He tells Vivek Kumar M that earnings estimates for FY25 could go awry if the September quarter numbers continue to be below expectations. Excerpts: Markets have corrected by around
The much-anticipated initial public offering (IPO) of Waaree Energies Limited is set to open for subscription on 21st October 2024 and will remain available until 23rd October 2024. Investors can subscribe to the shares of the company within this three-day window, with the IPO price band set between Rs 1,427 and Rs 1,503 per equity
KRN Heat Exchanger The company listed on October 03 made a stellar Dalal Street debut. The stock was listed at Rs 480 on NSE, a premium of 118% over the issue price of Rs 220 per equity share. The IPO was one of the most searched on Google, according to Google Trends data. Also, the
Advance tax collections from the corporate sector, other firms and individuals in the current fiscal stood at Rs 10.45 lakh crore as on Sunday, up 14.6% on year. In the corresponding period of last fiscal, these collections — a proxy of corporate profitability and the state of the economy — stood at Rs 9.11 lakh
The four new companies formed after the restructuring of Vedanta have the potential to be $100 billion firms each, chairperson Anil Agarwal has said in a letter to shareholders. He has also highlighted the potential of the natural resources sector, both in India and global economies.“While Vedanta currently contributes close to 1.4% to India’s GDP, there
Fast-moving consumer goods (FMCG) companies are asking for a separate law to govern beauty and personal care (BPC) products, saying current regulations under the Drugs and Cosmetics Act 1940 impede growth. At present, the making of soaps, skin care, hair care, oral care and cosmetic products, much like drugs, is regulated under a system of
E-commerce major, Amazon, is exploring the possibility of spinning off its India operations and listing it, according to industry sources. The company, which is the second largest player in the e-commerce sector, behind Flipkart, has initiated preliminary talks with investment banks to assess the feasibility of such a move, sources added. According to a report
Budget carrier SpiceJet on Monday announced that its founder and promoter, Ajay Singh, through Spice Healthcare, a promoter group entity, will infuse `294.09 crore into the airline. This would be done through the conversion of 131.4 million warrants into an equal number of equity shares. This strategic move will increase the consolidated shareholding of the
