Promoter Ajay Singh sells nearly 1% stake in SpiceJet for Rs 52 crore

Promoter Ajay Singh sells nearly 1% stake in SpiceJet for Rs 52 crore

Ajay Singh, one of the promoters and MD of SpiceJet, on Thursday divested nearly 1 per cent stake in the budget airline for Rs 52 crore through an open market transaction. According to the bulk deal data on the BSE, Ajay Singh sold over 1.15 crore shares, amounting to a 0.9 per cent stake in … Read more

Gold rises Rs 350 to reclaim Rs 89,000-mark, nears record high

Gold rises Rs 350 to reclaim Rs 89,000-mark, nears record high

Gold prices rose Rs 350 to trade near a record high at Rs 89,100 per 10 grams in the national capital on Monday amid firm global trends, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 88,750 per 10 grams on Friday. Gold of 99.5 … Read more

Gold trades flat at Rs 82,000 per 10gm; silver slides Rs 500 on weak demand

Gold trades flat at Rs 82,000 per 10gm; silver slides Rs 500 on weak demand

Gold prices remained flat at Rs 82,000 per 10 grams in the national capital on Monday, according to the All India Sarafa Association. Traders waited for US President-elect Donald Trump’s inaugural address later on Monday before placing any directional bets, marketmen said. On Friday, the precious metal surged Rs 700 to settle near a record … Read more

Gold slips below Rs 79,000 mark on lower demand

Gold slips below Rs 79,000 mark on lower demand

Gold prices slipped below Rs 79,000 per 10 grams in the national capital on Tuesday due to poor offtake by stockists and retailers, according to the local marketmen. Gold declined during the last trading session of the year as participants were cautious, traders said. The precious metal of 99.9 per cent purity declined Rs 550 … Read more

Gold prices bounce back by Rs 700 to Rs 79,400 per 10 gm; silver climbs Rs 1,300

Gold prices bounce back by Rs 700 to Rs 79,400 per 10 gm; silver climbs Rs 1,300

Gold prices rose by Rs 700 to Rs 79,400 per 10 grams in the national capital on Friday due to fresh buying by local jewellers and a firm overseas trend, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity closed at Rs 78,700 per 10 grams on Thursday. Silver … Read more

FPIs take out Rs 22,000 crore from equities in May amid poll jitters, Chinese mkt outperformance

FPIs take out Rs 22,000 crore from equities in May amid poll jitters, Chinese mkt outperformance

Foreign investors have pulled out a massive Rs 22,000 crore from Indian equities so far this month, due to uncertainty surrounding the outcome of the Lok Sabha elections and outperformance of Chinese markets. This came following a net outflow of over Rs 8,700 crore in the entire April on concerns over a tweak in India’s … Read more

India to become USD 4 trillion economy in FY25: Sanjeev Sanyal

India to become USD 4 trillion economy in FY25: Sanjeev Sanyal

New Delhi: India will be a USD 4 trillion economy in 2024-25 and surpass Japan by early next fiscal to become the world’s fourth largest economy, Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal said on Thursday. Sanyal further said that a 7 per cent economic growth rate will be a ‘very … Read more