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₹71,319 per 10 grams on the MCX so far in 2024. The implications of rising gold prices on Titan Co Ltd are worth evaluating as the jewellery business is the company’s mainstay, contributing 88% of FY24 revenues. ICICI Securities has analysed the data for the past 10-15 years and has found that a secular rise in the price of gold brings more tailwinds (1% rise in gold price leads to 2% increase in earnings before interest and tax, or Ebit) than headwinds.

Montreal melon used to be the talk of the town over a century ago, with a high price tag for those lucky enough to afford one — or even a slice. Now, a local community group is hoping to bring back a little sliver of history and tastiness to the city.“It was sold for one or two dollars a slice,” Justine Senechal, the project lead at the Blue Bonnets Gardens, said in a recent interview.“Which to today’s equivalent is something like 35 bucks a slice, which is insane when we think about it, so it was very much a luxury food.”The Montreal melon was grown along the St.

The Indian stock markets felt a jolt after the US markets fell overnight due to recession concerns. The Asian indices were also trading lower, following the overnight fall of US markets. Wall Street fell as investors are concerned over the US economy’s outlook ahead of Friday’s labor report. 

Ather Energy has set an ambitious valuation target of $2-2.25 billion (about ₹16,800-19,000 crore), as the electric scooter maker prepares to file its draft prospectus next week for an initial public offering (IPO), said people familiar with the matter. The Bengaluru-headquartered startup is looking to raise ₹3,500-4,000 crore through the IPO which will comprise a fresh issue and an offer for sale by existing shareholders. Funds raised through the fresh issue would be used partly for capacity expansion, the people said.

Stocks, bonds and major currencies held to tight ranges Friday as traders prepared for US jobs data that will help determine the size of a Federal Reserve rate cut later this month. Shares in Japan fluctuated, as the yen stabilized after a rally this week, while those in Australia were little changed. Futures for US equities slipped after the S&P 500 ended Thursday lower. Pre-opening trading of Hong Kong securities was shut Friday due to Super Typhoon Yagi.

Most U.S. stocks fell following a mixed round of data on the economy, keeping them on track for their worst week since April

exports by MSMEs, said Bhupen Wakankar, Director Global Trade, Amazon India, on Wednesday at the launch of Exports Digest 2024 — the company’s annual coffee table book on e-commerce exports which provides insights into the scale of e-commerce exports from India through the Amazon Global Selling programme. Wakankar said MSME-penetration by Amazon is still less than 5% and largely untapped, which in itself shows the scope of export business from India. He also said that Amazon is on track to enable thousands of Indian businesses to surpass $13 billion in cumulative e-commerce exports from India by 2024-end. Amazon’s latest report showed that 1.50 lakh exporters have been part of the programme, cumulatively selling over 40 crore made-in-India products globally. Amazon said the programme has seen a growth of over 20% in the past year and Amazon Global Selling has over 200 sellers across India.

₹211.25 on the National Stock Exchange on Thursday. Powering the Street’s optimism is significant volume growth of 12,040 million units (mu) in August, including certificates, marking a 36% year-on-year increase. Electricity volumes rose 17.1% year-on-year to 9,914 mu last month, putting IEX on track to surpass its annual volume growth guidance of 17-18%.

passive funds, we have a variation of beta, called Smart Beta. Exchange-traded funds (ETFs) or index funds replicate an index and don’t aim to generate excess returns. However, smart beta involves indices designed to potentially outperform the market.

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MSCI EM Investable Market Index (IMI) and is on track to beat the dragon in the more popular EM (emerging markets) index as well. Morgan Stanley announced that India has become the largest weighting in the MSCI EM IMI, overtaking China yesterday and its weight in the EM index is knocking on the threshold to be the largest.

Gurmeet Chadha of Complete Circle Consultants, points out that there is news of Sona BLW buying the railway arm from Escorts Kubota and doing a QIP there. Their market share in differentiated gear is almost 55-60% in PVs and 75% in CVS. The heavy gears they make are amongst the best in class and the EV portfolio has traction motors. The BSGs also seem to be doing well. Chadha also slike Precision Camshafts that has 60% market share in camshafts. Plus, they continue to have exposure in Uno Minda and Sandhar Technologies. Which are the sectors that are not going to rotate and where there is both value and growth visibility? Gurmeet Chadha: In the correction that has happened in the market, there will be a lot of chemical names where something may not happen immediately, but the destocking probably should get over. For example, there are some APIs; the solvent prices are down, the destocking is almost done, and something may not come immediately but the US Biosecure law and one or two good quarters can re-rotate some of the good names like Aarti, Deepak, and Tata Chemicals. Soda ash prices are down.

«But structurally, some of these downstream and upstream companies are shifting their business model towards the renewable energy side and which is what makes them attractive. So, any kind of a weakness there should be used as an opportunity to look at some of these names,» says Pankaj Pandey, Head Research, ICICIdirect.com. Let us first talk about the oil sensitives because they are the one which sort of really held the market in place yesterday. I mean be it paint companies, OMCs, all of them a bunch. But do you think that this was just a knee-jerk reaction because crude has been seeing a steady decline for past three months now? Pankaj Pandey: On the crude oil front, volatility is going to be there because ahead of US elections, largely if you look at, both the candidates are at extreme positions in terms of the views. But Trump is pitching for nearly three million barrel kind of increase in the oil production. And coupled with the fact that the Chinese economy is not doing so well, which is the largest incremental buyer, I think crude is expected to remain soft. Now, while the marketing margins are expected to prop up given the softness what we have seen in crude, but the refining margins is something which needs to be watched for. But structurally, some of these downstream and upstream companies are shifting their business model towards the renewable energy side and which is what makes them attractive. So, any kind of a weakness there should be used as an opportunity to look at some of these names.

Many investors have real-estate investment trusts in their portfolios because they provide exposure to the real-estate market without having to buy property directly. But which of the many types of REITs on the market have performed best over the long run, and do they provide the housing-like returns investors seek?

A dismissed town mayor who fled the Philippines after being accused of helping establish an illegal online gaming and scam center catering to clients in China has been arrested near Indonesia’s capital

Members of the Nordstrom family are teaming up with a Mexican retail group and are offering to take the department store retailer private at $23 per share cash, months after first expressing interest in a buyout

One lucky trader has turned $857 into $2 million after purchasing 23 million $FWOG meme coins, according to a tweet by wallet tracking X account Kakashi (@KKashi_YT).

MeitY) on Wednesday launched a series of blockchain-based solutions, aimed at enhancing transparency, security, and efficiency in digital service delivery. The Vishvasya-Blockchain Technology Stack is designed to offer Blockchain-as-a-Service (BaaS) with a geographically distributed setup to support a range of permissioned blockchain applications. The stack is hosted across NIC Data Centers in Bhubaneswar, Pune, and Hyderabad, ensuring robust and scalable service delivery, the government said.

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

Boeing will attempt to return its problem-plagued capsule from the International Space Station later this week — with empty seats

hearing as September 6 on the petition demanding ASI survey of the remaining parts of the Gyanvapi complex, a lawyer said on Wednesday. The representatives of the Muslim side were present in the court and are expected to put forth their views on the matter during the next hearing. The Civil Judge Senior Division Fast Track Court Jugal Shambhu fixed the fresh date after hearing the Hindu side, said advocate Madan Mohan Yadav, representing the Hindu side in the case. Yadav said the Hindu side has argued that the original place of Jyotirlinga is in the middle under the dome of the alleged mosque located in the Gyanvapi complex.