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Taking cues from the international prices, MCX December gold futures opened in the green and were trading at Rs 61105 per 10 gram, up by Rs 33 or 0.05% from the Thursday closing price. Meanwhile, the December Silver futures were trading at Rs 72,934 per kg, higher by Rs 36 or 0.05%. On Comex, Gold futures were trading at $1,993.60 per troy ounce on Friday, up by $0.80 or 0.04% while Silver futures were trading at $23.720, higher by 0.032 or 0.14%. The dollar index was trading at 103.83 against a basket of top six currencies, down by $0.09 or 0.09% though the bias was negative. The December Gold futures ended at Rs 61,018 on Wednesday, down 207 or 0.34% while the December Silver futures settled at Rs 72,781, lower by Rs 523 or 0.71%. Gold futures on the MCX have gained by 0.28% or Rs 170 per 10 gram on the month-to-date basis, Analyst Anuj Gupta, Head Commodity & Currency, HDFC Securities informed.

Singapore’s blockchain-powered private markets exchange, ADDX, has listed a deep-value equity fund managed by Aggregate Asset Management (AAM) to its platform.

After a strong rally in midcap and smallcap stocks in the last one year, one might on the face of it, tend to believe that switching to largecaps is ideal. But, from a valuation standpoint, the midcap and smallcap indices are still trading well below their historical averages, says Pawan Bharadia, managing director, Equitree Capital Advisors. While there is exuberance in some pockets of mid and smallcaps, there are enough and more opportunities within the smallcap space where valuations are reasonable and may continue to generate alpha returns even from hereon, Bharadia said. Edited excerpts from an interview with ETMarkets: Is it time to switch to largecaps, or is there more steam left in the midcap and smallcap space? Midcaps and smallcaps indices have had a good run over the last year, delivering 40-44% returns, whereas the Nifty has given a somber 9% return only over the same period.

Reuters. The company's managers are currently reviewing proposals to bolster its profitability. The person, on the condition of anonymity, stated that around 1,500 to 2,000 jobs could be cut if the plans were implemented in full.

By Suban Abdulla

Morgan Stanley’s wealth management arm is searching for more financial advisers to target an ever-growing list of wealthy Australian families.

Origin Energy Ltd.’s top investor rejected a revised A$19.1 billion (US$12.5 billion) takeover plan by a Brookfield Asset Management Ltd.-led group, casting the year-long pursuit into new doubt.

Candidates are displaying their political lineages quite openly. At the entry gate of its election office in Jhunjhunu assembly seat, the Congress has displayed the photographs of the state transport and safety minister Brijendra Singh Ola and his father, the late Sis Ram Ola, who was once a former union minister, in its banner. While Sis Ram Ola was a five-term MP from Jhunjhunu seat and was an MLA several times, his son Brijendra Ola is now seeking his fourth consecutive term as MLA. BJP could win this seat only once in 2003.

return to office, companies that champion hybrid and flexible work options are increasingly focusing on employee engagement initiatives to reduce the disconnect and boost productivity. Company executives ET spoke with said the «disconnect» is not only impacting collaboration and productivity, but also leading to lack of bonding. The employee engagement initiatives are seen benefiting all, especially the younger workers who had taken up their first job around the time people were asked to work remotely due to the pandemic, they said. NatWest Group, Tech Mahindra, EY, and Capgemini are among the companies that have launched a host of initiatives, including frequent team catch-ups, in-person group sessions, 'fun at work' and sports events, and assigning 'buddies' to the new employees — all aimed at promoting cohesiveness at work and improving productivity.

Starknet Foundation has officially launched its DeFi Committee. Announced on November 9, 2023, the committee is set to play a pivotal role in developing Starknet's DeFi landscape. This initiative marks a strategic step by the Foundation, demonstrating its commitment to expanding and nurturing the DeFi sector within its network.

ARK Invest, led by the pro-Bitcoin advocate Cathie Wood, and 21Shares, a renowned exchange-traded product (ETP) supplier, have announced the launch of a new suite of digital asset exchange-traded funds (ETFs). This collaboration marks a pivotal step in offering investors a comprehensive range of options for integrating digital assets into their investment portfolios.

Cathie Wood, the renowned Bitcoin advocate and founder of ARK Invest, has recently intensified her firm's investment in the cryptocurrency-friendly trading platform Robinhood (HOOD). ARK Invest made a significant move by acquiring 1.1 million Robinhood shares on November 8, amounting to an investment of over $9.5 million in a single day.

Strategic Alliance for Digital Asset Security

BJP, senior leader Rajnath Singh has said. Talking to ET, Singh said that BJP fielded several parliamentarians for the assembly polls as the party felt that their candidature may prove crucial in winning elections. BJP has fielded around one-and-a-half dozen Lok Sabha MPs, including Union ministers, in Madhya Pradesh, Rajasthan, Chhattisgarh and Telangana. Singh has been addressing several rallies in the last few days in Rajasthan.

London | ASX-listed British challenger bank Virgin Money will spend £130 million ($250 million) in the next three years to armour-plate itself againsta coming wave of AI- and quantum-enabled fraud and cybercrime.

Barclays is working on plans to save as much as £1 billion ($1.9 billion), which could involve cutting as many as 2000 jobs, mainly in the British bank’s back office, a person with direct knowledge of the proposals told Reuters.

As the holiday season unfolds, the allure of festive spending, enticing Black Friday deals and the thrill of shopping can often lead to impulsive purchases, putting a strain on budgets and mental well-being.

CEVA Logistics, one of the largest third-party logistics (3PL) companies in the world, expects India to be among its top five revenue generating markets within the next three years, led by the market’s growth potential and the government’s policy initiatives including programmes like ‘Make in India’, said a top company executive. “India is the place to be. The economy is firming up and showing solid transformation through growth.

Mamata Banerjee said on Thursday that she will go to New Delhi demanding funds for MGNREGA and other central schemes from Prime Minister Narendra Modi in mid December during Parliament's winter session. She also warned of staging dharna in New Delhi if denied permission to meet the Prime Minister. Banerjee stated that she aims to meet the Prime Minister with her MPs.

MHADA) is set to implement the final phase of work related to the Geographical Information System (GIS)-based asset and inventory management system that will help in managing the housing body's land and properties. Sanjeev Jaiswal, Vice President and Chief Executive Officer of MHADA has directed concerned authorities to initiate the implementation of this system from the beginning of the new year. According to Jaiswal, this system, based on GIS, would prove to be a boon for the future housing development projects and land management sectors of MHADA. This system will provide immediate access to information regarding the housing body's current land holdings, potential development on land, encroachments, reservations, and available vacant lands, empowering efficient land management. The GIS-based asset and inventory management system will enable comprehensive surveys and assessments of various housing society properties in Mumbai and across the state through GIS mapping. Moreover, satellite imagery will be used to capture accurate representations of structures on existing lands, facilitating precise instructions for site locations, along with the inclusion of satellite images acquired from satellites to enhance accuracy. Jaiswal suggested expanding the scope of these directives by incorporating information on redevelopment projects covered under Regulation 33/5, 33/7, and 33/9, from inception to the current status and the future prospect of the project, into the system.

By Francesca Landini and Alvise Armellini