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Gold expected to move much higher in 2024

Dec 29, 2023

New Delhi, Dec 29 (IANS) The price of gold is expected to test levels from $2,060 to $2,090 per ounce, and on any correction if $2035 holds, the prices may target $2,115 level in the current up-move, as per a report by Emkay Wealth Management.The rise in US rates was the factor that prevented any upside for gold or rather limited it for almost one…

Aamir Khan’s sea-facing building to be redeveloped by MICL Group

Dec 29, 2023

Mumbai, Dec 29 (IANS) Man Infraconstruction Ltd will redevelop a building partly owned by Bollywood mega-star Aamir Khan in the posh Pali Hill area of Bandra west, a statement said here on Friday. The sea-facing building with Aamir Khan…

Business

Physics Wallah’s revenue up 3.4x to Rs 798 cr in FY23, expenses grow to Rs 777 cr

Dec 29, 2023

New Delhi, Dec 29 (IANS) Edtech platform Physics Wallah (PW) on Friday reported a total revenue of Rs 798 crore in FY23, up 3.4 times from the previous financial year.PW’s total expenses grew to Rs 777 crore in FY23 from Rs 103 crore a year…

Business

Govt likely to cut petrol, diesel prices ahead of LS polls

Dec 29, 2023

New Delhi, Dec 29 (IANS) The government is likely reduce the petrol and diesel prices ahead of the Lok Sabha polls as crude oil prices have also come down in the international market which will enable the oil marketing companies to bear the…

Business

Cypherock X1 hardware wallet awarded highest rating by Coin Bureau

Dec 29, 2023

New Delhi, Dec 29 (IANS) Cypherock, the pioneering web3 security startup, on Friday announced that its groundbreaking product, the Cypherock X1 hardware wallet, has been awarded an exceptional rating of 4.8/5 by Coin Bureau, the foremost…

Business

Tata Motors stock doubles in a year

Dec 29, 2023

New Delhi, Dec 29 (IANS) Tata Motors stock has doubled in the last one year compared to a little over 19 per cent returns for the Nifty. Tata Motors stock made a new high of Rs 802 on Friday and its 52 week low was Rs 381. Tata Motors has…

Business

Kotak Mahindra Bank shares plunge on GST woes

Dec 29, 2023

Mumbai, Dec 29 (IANS) Shares of Kotak Mahindra Bank plunged on Friday, a day after an order by the GST authorities issued a demand order to the mid-sized bank to pay pay up Rs 57.2 lakh as tax dues. The GST authorities have disallowed the…

Business

Meesho reduces losses to Rs 1,675 cr in FY23, revenue up 77%

Dec 29, 2023

New Delhi, Dec 29 (IANS) Homegrown social commerce platform Meesho has lowered its losses by 49 per cent to 1,675 crore in FY23 from Rs 3,251 crore in FY22.The company's revenue from operations surged 77 per cent to Rs 5,735 crore in FY23…

Business

We must avoid bubbles through policy, regulation: Uday Kotak

Dec 29, 2023

New Delhi, Dec 29 (IANS) Founder & Director of Kotak Mahindra Bank Uday Kotak on Friday said that the situation is not comparable at present and we need to keep Japan of the 1980s at the back of our mind. “Its Nikkei Index peak was…

Business

‘Difficult to expect market performance similar to 2023’

Dec 29, 2023

New Delhi, Dec 29 (IANS) The year 2023 has been a great year for markets -- for both the frontline indices and the broader markets. It once again showed the impact of Retail/HNI buying and when the FPIs also turned buyers there was no going…

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