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Gold prices rose by Rs 200 to Rs 72,350 per 10 grams while silver prices rallied by Rs 1,000 per kg in the local market here on Monday amid firm global trends. In the previous session, the yellow metal of 99.9 per cent purity had closed lower at Rs 72,150 per 10 grams on Saturday, according to the All India Sarafa Association. Silver prices jumped by Rs 1,000 to Rs 83,500 per kg from Rs 82,500 per kg in the previous close.

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.

major domestic appliances saw an 18 per cent value-based growth in the first half of 2024, helped by a strong demand for essential household items, according to a report from GfK. The growth in MDA (major domestic appliances) market was led by Key categories such as air-conditioners and refrigerators, which reported a growth of 30 per cent and 7 per cent, respectively. «This growth is 3X of growth in 2023 over the previous year,» said the report from GfK, which is now an NIQ Company, a leading global market and consumer intelligence firm. The small domestic appliances market recorded a 29 per cent increase in value, reflecting heightened consumer interest in home convenience products, according to the report.

For years, Canadian policymakers have been sleepwalking past a growing housing affordability crisis. Now, with homes seeming impossibly out of reach to so many and voter discontent on this issue poised to roil upcoming elections, they have been jolted awake and are looking for solutions. Any action on this issue is welcome, but the biggest fix of all has yet to be raised: giving households the buying power to keep up with rising home prices today and tomorrow by boosting Canadian productivity.

Anish Tawakley, Deputy CIO-Equity, ICICI Prudential AMC, says he focuses more on cycles than on big 10-year structural trends. On a 10-year structural trend, one has to be in the right company because even if you look at the retailing example, it is a 10-year, 20-year trend, but it is not as if every company has done well. There are better opportunities in automobiles, capital goods, cement, and real estate because that is a sector that could still produce earnings surprises. Tawakley also says that we are still in an upcycle at the moment economically. We will reach the peak of this cycle when power capacity utilisation peaks. Let us start with your market view risk versus reward, how would you map the current market setup for our viewers? Anish Tawakley: At this point, the earnings outlook is reasonably good given that the economy is in good health. The market valuations are not cheap. So, anybody coming into the market should be coming in with at least a three-year view. One should not be coming in for very short-term gains. But the economic outlook is very healthy and the earnings outlook is also reasonably robust.

Au Small Finance Bank Ltd. traded at Rs 611.2 on BSE at 01:49PM (IST) on Monday, down 2.3 per cent from previous close. The scrip quoted a 52-week low price of Rs 554.0 and a high of Rs 813.0.

South Korean banks are struggling to make their NFT business operations profitable, but will reportedly continue to press ahead with their non-fungible token-related plans.

Punjab National Bank fell 0.04 per cent to Rs 115.15 at 12:18PM hours (IST) on Monday. Earlier in the day, the stock saw a gap down start to the session. As per data available on BSE, total traded quantity on the counter stood at 416,077 shares with a turnover of Rs 4.77 crore till 12:18PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 10.68, while the price-to-book value ratio stood at 1.34.

premiumisation trend further got magnified in sales of electronic products such as smartphones, appliances and televisions in the January to June period of this year, with the industry’s value growth significantly outpacing volume or number of units sold in brick-and-mortar stores. The overall consumer electronics market in offline retail grew by 11% by value in the first half of this calendar year as compared to the same period last year, whereas volume went up by a marginal 1%, latest data by market researcher GfK India shows. This indicates consumers only purchased premium or high value goods with sales of the entry-to-mid segment continue to be severely impacted. For instance, GfK reported overall mobile phone sales by volume declined by 6% in the Jan-Jun period whereas by value it went up by 10%. The smartphone segment registered a 12% increase in value, while by volume there was no growth.

Shree Cements Ltd. gained 0.25 per cent to Rs 24344.65 in Monday's trade. It hit a high of Rs 24453.2 and low of Rs 24055.55 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 26546.34, while the 50-DMA was at Rs 27020.73. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Havells India Ltd. gained 0.12 per cent to Rs 1801.8 in Monday's trade as of 10:30AM (IST). It hit a high of Rs 1821.0 and low of Rs 1786.15 during the session. The stock quoted a 52-week high price of Rs 1986.55 and a low of Rs 1233.1. The return on equity for the stock stood at 17.07 per cent. About 3,502 shares have changed hands on the counter so far.

₹10,461 crore, the price-to-earnings multiple works out to 20x for FY25, while the same for peers is over 80x plus. To be sure, the price-to-earnings multiple is not the most preferred valuation metric for life insurance companies. That’s because the expenses in the life insurance business are recognized upfront, depressing the profits in the initial years.

₹24,883 crore as of 8 August. He believes that valuations are high, and caution is needed. In the near to medium term, equities might produce slightly lower returns than their underlying fair values.

Infinyte.Club, a wealth creation and management platform for tech and startup employees, has raised $3.6 million in a funding round led by Elevation Capital. The round also saw participation from angel investors such as Cred founder Kunal Shah, Meesho cofounder Vidit Aatrey, Unacademy cofounder Gaurav Munjal, Razorpay cofounder Harshil Mathur and others. The funds will be used to enhance the technology and grow the team.

PEPE, a deflationary memecoin launched on Ethereum, has managed to halt its early downward trend and is now showing signs of recovery. After bouncing back around the $0.000009 level, PEPE has risen by over 1.50% in the last 24 hours.

Arslan Butt is a professional live webinar speaker and derivatives (cryptocurrency, forex, commodities, and indices) analyst. He brings a broad range of skills to help beginners evaluate financial...

climate change requires a focus on Asia, which is home to 60% of the world's population and contributes over half of global emissions, with temperatures in some areas rising twice as fast as the global average, and given India's size, scale, and influence, it plays a vital role in the global solution, said Desmond Kuek, executive director and CEO of Temasek Trust. «Addressing these issues in Asia is essential for global progress, and India plays a pivotal role in driving positive impact across Asia and beyond,» Kuek told ET in an exclusive interaction. «We are just at the start of this multi-year journey and aim to bring together diverse partners and stakeholders, including from India, to collectively tackle these challenges.» Since 2003, the Singaporean investment company has been setting aside a portion of its net positive returns above its risk-adjusted cost of capital for community gifts to foster a more inclusive world with focus on sustainable development. Temasek Trust, as the primary beneficiary of Temasek's gifts, disburses grants for programmes to be developed and delivered by its non-profit ecosystem including Temasek Foundation, Temasek Life Sciences Laboratory, and Mandai Nature.

Analysts are expressing shock at a decision by Mexico’s central bank to cut interest rates on the same day that official figures showed a sharp rise in domestic inflation

Goan crime being foiled. Thieves broke into the premises of a maker of chouriço, Goa’s spicy pork sausages. Local dogs, probably lusting after the sausages themselves, raised an alarm and the owner trapped the two thieves in the smoking room. Did the thieves eat the sausages as they waited for arrest? Food theft is one of the oldest crimes. In Christopher J Garcia’s entertaining book Food & Crime, he writes that the oldest legal texts, like the Codes of Ur-Nammu and Hammurabi include food related proscriptions. He also notes it is one of the broadest crimes: “It starts with piddly little pilfering, such as walking off with a pack of gum from the checkout line, then continues through to the highjacking of entire convoys of shellfish.” Garcia suggests that food theft works on CRAVED principles: “Concealable, Removable, Available, Valuable, Enjoyable and Disposable.” Cheese fits most of these parameters. Garcia notes that “the Centre for Retail Research estimates that four per cent of all cheese produced is stolen”. This is almost a million tonnes of stolen cheese. It is easily melted or cut into different forms and can be worth a lot, especially artisanal European cheeses made with unpasteurised milk, which are banned in the US.

CareEdge Ratings anticipated that the credit-deposit ratios may pose a concern to the Non-Banking Financial Companies (NBFCs). «Bank's credit-deposit ratios raise concerns about NBFCs' ability to secure funds,» it said. By definition, the credit-deposit ratio (CD ratio) is a tool that measures how much of a bank's deposits are lent out as loans.

Nirmala Sitharaman on Saturday said lenders need to focus on raising smaller deposits that come in “trickles,” but are the “bread and butter” of the banking system. She commented on the widening gap between deposits and credit, which has become a cause for concern, at a media briefing after the Reserve Bank of India (RBI) board meeting in the capital on Saturday. Sitharaman said deposits and lending are the two wheels of a cart, but “deposit is moving slowly.” RBI governor Shaktikanta Das said the banking regulator had sounded out banks on this as a matter of proactive caution as the trend can lead to potential liquidity issues.