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Gold crosses ₹83,000 per 10 grams for first time
short by Pragya Swastik / on 24 Jan 2025,Friday
Gold prices extended the rally for eighth consecutive session and jumped ₹200 to breach the ₹83,000 per 10 grams mark for the first time in Delhi on Friday. Gold of 99.9% purity rose ₹200 to hit a fresh lifetime high of ₹83,100 per 10 grams, All India Sarafa Association said. Gold had closed at ₹82,900 per 10 grams on Thursday.
short by Pragya Swastik / 07:04 pm on 24 Jan
Kanye becomes a billionaire again
short by Pragya Swastik / on 24 Jan 2025,Friday
Rapper Kanye West (Ye) has regained his lost billionaire status and his net worth in 2025 stands at $2.77 billion, according to Eton Venture Services. The valuation is based on his music portfolio and full ownership of the YEEZY brand. In late 2022, Forbes declared Kanye lost his billionaire status after Adidas cut ties with him over antisemitic comments.
short by Pragya Swastik / 03:32 pm on 24 Jan
What is MCX?
short by / on 24 Jan 2025,Friday
The Multi Commodity Exchange of India Limited (MCX) is a state-of-the-art, commodity derivatives exchange that facilitates online trading of commodity derivatives transactions, thereby providing a platform for price discovery and risk management. The Exchange, which started operations in November 2003, operates under the regulatory framework of Securities and Exchange Board of India (SEBI).
short by / 03:34 pm on 24 Jan
Dedicating his wealth for Sanatan Dharma: Kaneria on Gautam Adani
short by Dharini Mudgal / on 25 Jan 2025,Saturday
Pakistan's former cricketer Danish Kaneria on Friday praised Adani Group's Chairman Gautam Adani for "dedicating his wealth to serving Sanatan Dharma". "This is exactly why forces around the world are working relentlessly to bring this man down," Kaneria said. Earlier this week, Gautam Adani went to Maha Kumbh in Uttar Pradesh's Prayagraj and performed puja at the Sangam ghat.
short by Dharini Mudgal / 09:32 am on 25 Jan
Amitabh Roy, a tech entrepreneur and owner of CodelogicX, founded TeamTrace to streamline workforce and project management. This all-in-one platform integrates project management, time tracking, and resource management into a single tool. Though in its early stages, TeamTrace aims to reach 1 lakh active users and achieve $1 million in Annual Recurring Revenue within two years.
short by / 05:59 pm on 24 Jan
Mumbai's Dharmaveer Swarajyarakshak Chhatrapati Sambhaji Maharaj Coastal Road will be fully operational from January 27. Chief Minister Devendra Fadnavis will inaugurate the northbound bridge connecting the Coastal Road with the Worli-Bandra Sea Link on January 26. The coastal road will be accessible for vehicular traffic daily from 7 am to midnight
short by / 11:13 am on 25 Jan
A whistleblower claimed that Mastercard and Visa failed to block transactions linked to child sexual abuse material despite warnings from 2021, a Reuters report stated. The allegations were reportedly filed with FinCEN. The report added that the companies denied any wrongdoing and cited robust compliance measures.
short by / 10:46 am on 25 Jan
NBCC secured two work orders worth ₹229.75 crore. The first order worth ₹148.4 crore from the ministry of health and family welfare for AIIMS, Bilaspur includes construction of dwelling units, lecture halls and hostels for students. The second order is worth ₹81.35 crore and involves construction of new hostel and dining building for the Indian Institute of Management in Visakhapatnam.
short by / 02:49 pm on 24 Jan
Shares of Exicom Tele-Systems Ltd. surged by 5% after securing a ₹1,412 crore order from Rail Vikas Nigam Limited. The order includes the supply of telecom equipment (power systems and racks) and a 10-year maintenance contract for Uttar Pradesh's East and West Telecom Circles, boosting investor confidence.
short by / 03:02 pm on 24 Jan
Adani Wilmar has commenced operations at its major food processing plant in Gohana, Haryana which was built at a cost of ₹1,298 crore from IPO funds. The plant covers an area of 85 acres and it expected to generate 2,000 job opportunities. The facility will reportedly manufacture food products and edible oils.
short by / 02:27 pm on 24 Jan
Shares of TAC InfoSec Limited, a global cybersecurity company specialising in vulnerability management, are in focus on Friday, after the company announced the establishment of its UK-based step-down subsidiary, VULMAN Limited. The step-down subsidiary aims to address the unique cybersecurity challenges faced by businesses, government entities, and enterprises across Europe.
short by / 02:58 pm on 24 Jan
TTK Healthcare Limited's stock surged following strong Q3 FY25 results. The company reported an 11.36 percent year-on-year revenue increase to ₹204.74 crore from ₹183.85 crore. They also reported a 29.79 percent year-on-year net profit growth to ₹16.73 crore from ₹12.89 crore.
short by / 04:20 pm on 24 Jan
Why has Patanjali recalled 4,000 kg of red chilli powder?
short by Pragya Swastik / on 24 Jan 2025,Friday
Baba Ramdev's Patanjali Foods has recalled 4,000 kg of red chilli powder sold in 200 g packs as it did not conform to the maximum permitted limit of pesticide residue. The FSSAI sets Maximum Residue Limits for pesticide residue for various food items including red chilli powder. Patanjali is asking customers to return the product to the place of purchase.
short by Pragya Swastik / 05:51 pm on 24 Jan
KFin Technologies Ltd announced strong Q3 FY25 results. Its profit grew by 34.7 percent year-on-year to ₹90 crore from ₹66.8 crore. The company further announced that its revenue increased to ₹290 crore, a rise of 32.6 percent from ₹218.7 in the same period a year ago.
short by / 02:51 pm on 24 Jan
Godrej Consumer Products Limited (GCPL) reported a 14.2% drop in Q3 FY25 consolidated net profit to ₹498.31 crore, down from ₹581.06 crore in the same period last year. However, profit rose by 1.4% sequentially. Revenue from operations increased marginally by 3.0% year-on-year to ₹3,768.43 crore, with a 2.8% sequential rise.
short by / 08:54 am on 25 Jan
Meera Industries Limited secured a ₹2.60 crore order from Ganesha Ecopet Private Limited. The order reportedly involves manufacturing solutions for high-bulk carpet yarn including energy-efficient machines. Reports claimed that the contract is set to be completed in the final quarter of financial year 2024-25.
short by / 02:31 pm on 24 Jan
Tara Chand Infralogistic Solutions stock has reported a 56.4 percent rise in Q3FY25 profit to ₹5.24 crore from ₹3.35 in December 2023. The company reported a 45 percent increase in revenue to ₹64.36 in Q3FY25 from ₹44.36 in December 2023. It also reported improvements in EBITDA, PAT, and market performance.
short by / 12:51 pm on 24 Jan
Capri Global Capital Limited reported a strong Q3FY25 performance. Their net profit rose by 110.5 percent to ₹108 crore in the quarter against ₹51.3 crore in the same quarter of the previous financial year. The company's income rose to ₹604 crore, a 26.3 percent rise from ₹478 crore a year ago in the same period.
short by / 02:55 pm on 24 Jan
Laurus Labs stock surged following strong Q3 FY25 results. Its revenue grew 18.4 percent year-on-year to ₹1,415.05 crore from ₹1194.92 crore. The company's net profit surged 298.8 percent in Q3FY25 to ₹92.30 crore from ₹23.40 crore during the same quarter in the previous financial year.
short by / 04:38 pm on 24 Jan
Ethiopia's Minister of Trade and Regional Integration Kassahun Gofe said in a statement that the country has registered strong performance in major export commodities, including gold. According to Gofe, the country has generated some $3.28 billion in export revenue during the past six months, in which gold exports secured the largest share of the total export revenue, generating $1.36 billion.
short by / 10:09 am on 25 Jan
Union Minister of Petroleum and Natural Gas Hardeep Singh Puri on Friday said that the size of the Ratnagiri refinery in the Konkan region of Maharashtra will be reduced from the originally proposed 60 million tonnes per annum (MMTPA) of refining capacity and it is likely to be split into three refineries of capacity of 20 MMTPA each at various locations.
short by / 09:41 am on 25 Jan
Zaggle Prepaid Ocean Services stock rose after the company signed a 3-year deal with Siemens India to offer Zaggle Propel rewards for Siemens employees under a framework agreement. Zaggle Prepaid Ocean Services delivers digital solutions that streamline expense management, improve employee tax benefits, and improve corporate gifting and incentives.
short by / 01:26 pm on 24 Jan
Starbucks CEO Brian Niccol got $96 million (over ₹827 crore) for four months of work in 2024, one of US' biggest compensation packages. Stock awards constituted about 94% of his pay, with most of them being tied to performance. Starbucks also spent ₹62 lakh to repeatedly fly Niccol, who lives in California, to its Seattle headquarters, over 1,500 km away.
short by Ashley Paul / 09:38 am on 25 Jan
Russia-Ukraine war would end immediately if oil prices fell: Trump
short by Ankit Tiwari / on 24 Jan 2025,Friday
US President Donald Trump, during a video address to the World Economic Forum in Davos on Thursday, urged Saudi Arabia and OPEC (Organization of the Petroleum Exporting Countries) to reduce oil prices. "If the price came down, the Russia-Ukraine war would end immediately," Trump claimed. "Right now, the price is high enough that that war will continue," he added.
short by Ankit Tiwari / 04:33 pm on 24 Jan
Women centric DBT schemes' Tsunami can bleed finances: SBI report
short by Bhuvnesh Ojha / on 25 Jan 2025,Saturday
The Tsunami of women centric Direct Benefit Transfer schemes announced by various states can bleed finances, an SBI report said. The report stated the total cost of these schemes across eight states has now crossed ₹1.5 lakh crore, accounting for 3-11% of these states' revenue receipts. It added states like Odisha can bear these costs due to higher non-tax revenues.
short by Bhuvnesh Ojha / 10:27 am on 25 Jan
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