Live: Gold posts 2nd monthly gain in Nov; Copper at 10-week high| Commodities Corner
In November, gold continued its upward trajectory, marking its second consecutive monthly gain and reaching a seven-month high. The month saw a 2.7% rise in gold prices, following a substantial 6.8% surge in October. Copper is also in fovus as it touches 10 week high.. Catch Manisha Gupta in exclusive conversation with Ajay Kedia , Director , Kedia Commodities
FMCG giants ramp up ad budgets to drive volume growth and fight competition
The companies are focusing on the digital medium because it has greater and quicker reach. Most firms say they have seen gains in market share on account of their greater ad spends and promotions.
LIVE: Protean eGov Technologies’ Q2 profit up 38.8% | Margins hold steady
Protean eGov Tech reports 32.6% YoY jump in revenues at Rs 235.7 cr. Margins stood at 15.5% vs 16.5% for September Quarter. Protean IPO was overall subscribed 23.86x but listed at par with issue price. Moneycontrol’s Nickey Mirchandani speaks with Mr. Suresh Sethi, MD & CEO, Protean eGov Technologies on Earnings Express
PM Modi launches initiative to increase Jan Aushadhi Kendras to 25,000
PM Modi also interacted with "Viksit Bharat Sankalp Yatra" beneficiaries via video conferencing. The scheme is a nationwide outreach initiative to spread awareness about schemes and programmes from the Union government
Live: Nifty reclaims 20k first time since September| Tata Motors, Manappuram in focus| Closing Bell
Nifty around 20,100 amid all-round buying. Nifty midcap index hits a fresh high. IT, banks and autos among top sectoral gainers. Barring realty, all sectors are in the green. Catch Nandita Khemka and Yatin Mota as they discuss stocks on their radar including Tata Motors and Manappuram.
Live: India's steel demand to touch 190 MT-mark in 2030 | Commodities Corner
India’s steel demand is expected to grow at a Compound Annual Growth Rate (CAGR) of 7 percent to touch 190 million tonnes (MT) level by 2030. The demand will be largely fuelled by construction and infrastructure sectors, which contribute 60-65 per cent to the demand, the market research firm said. In 2030, India’s steel demand is projected to reach 190 MT based on a 7 percent CAGR. Catch Manisha Gupta in exclusive conversation with Dhruv Goel, CEO, Steelmint
Market Live: Nifty around 19,900 | Sensex up 204 points| Oil & gas, power rally | Bajar Gupshup
Benchmark indices ended higher in the volatile session on November 28 with Nifty around 19,900.At close, the Sensex was up 204.16 points or 0.31 percent at 66,174.20, and the Nifty was up 95.00 points or 0.48 percent at 19,889.70. About 1872 shares advanced, 1750 shares declined, and 159 shares unchanged.Biggest gainers on the Nifty were Adani Enterprises, Adani Ports, Tata Motors, BPCL and Coal India, while losers were Eicher Motors, Apollo Hospitals, ICICI Bank, ITC and Cipla. Watch Yatin Mota live on Bajar Gupshup to know more.
HUL launches STEM fellowship to empower women in research
The inaugural HUL Women in STEM Fellowship was given to five women scientists from the Bengaluru-based Indian Institute of Science
iPhone maker Foxconn plans expansion in India with $1.6 billion outlay
Foxconn already operates nine production campuses and more than 30 factories employing tens of thousands of people in India, where it takes in around $10 billion of revenue annually
Live: IIBX to launch Gold futures in December, secures Silver grain contract approval | Commodities Corner
India International Bullion Exchange (IIBX), India’s first bullion market exchange launched to launch Gold Futures In December. The trading platform will use dollar-priced trading so Indian investors can purchase assets to hedge against inflation and other financial risks. Catch Manisha Gupta and Ashok Gautam , MD and CEO -IIBX to know more.
Gland Pharma zooms 3.6% as US FDA ends inspection at Hyderabad plant
The inspection was held between 23rd August, 2023 and 26th August, 2023.
Lupin receives tentative approval from US FDA for diabetes medication
This product will be manufactured at Lupin’s Pithampur facility in India
Ather enters non-premium segment, will launch family scooter
Apart from the family scooter, Ather will bring in more variants of the 450X and 450S series by January 2024, co-founder Tarun Mehta has said
Mid-day Mood Check: Nifty above 19,800 amid broad-based gains; midcap index hits new high
Nifty ending towards 19,800 amid broad-based gains while the midcap index hiys a fresh record. Catch this mid-day market mood check with Nandita Khemka and Yatin Mota to know about all the movers and shakers in today’s session!
Scapia raises $23 million led by Elevation Capital, Binny Bansal’s 3State Ventures
The company will use the funds to add more financial services to the platform, including personal loans and insurance, and also hire more talent in product and tech development areas
Electric Mobility firm Baaz Bikes raises $8 million in Series A round led by BIG Capital
Baaz Bikes plans to utilise the funding towards expansion and to add more battery swapping stations.
Fintech startup Kiwi raises $13 million in Series A led by Omidyar Network India
The fintech plans to utilise the funding to build its product and technology further and add more talent to its team.
Live: Madhabi Puri Buch speaks at Investor Risk Reduction Access event
Watch SEBI Chief Madhabi Puri Buch Speak At Investor Risk Reduction Access Event live.
Lupin gets approval from US FDA for Ganirelix Acetate injection
The product will be manufactured at Lupin’s Nagpur facility in India.
Live: Nifty around 19,750 despite weakness in banks| NBFCs, Delhivery in focus|Closing Bell
Nifty around 19,750; ends the week with gains. NSE advance-decline ratio at almost 1:1. Broader markets hold out; both mid and smallcaps gain. RBI tightens consumer loan norms; Nifty Bank down over a percent. PSU Bank Index down over 2%
RBI ups risk weight on consumer loans to 125% from 100%. Catch Yatin Mota and Nandita Khemka as they discuss stocks on their radar, including TVS Motor and Asian Paints.
Cryptocurrencies in focus: Bitcoin trades at highest level since May 2022| Commodities Corner
Bitcoin is currently trading at its highest level since May 2022, while Solana has seen its prices triple in the past month. Catch Manisha Gupta in conversation with Ajeet Khurana, Founder, Reflexical as they provide a comprehensive overview of these developments.
AstraZeneca to exit the manufacturing site in Bangalore 'in due course'
The company said that it will begin search for a buyer who can also act as a contract manufacturing organisation for the products currently manufactured in the site
Dr Reddy’s rolls out wearable migraine management device in India
Nerivio is a drug-free wearable and intended for acute and prophylactic (preventive) migraine in patients aged 12 years and above
I would leave it to the individual: Infosys co founder Kris Gopalakrishnan on working 70 hours a week
Gopalakrishnan's words come at a time when Infosys founder NR Narayana Murthy's statement that youngsters should work 70 hours a week stirred controversy among India's netizens.
