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26 Aug

Gold rose Rs 600, silver Rs 3,000

Business CorrespondentBusiness, News

New Delhi: Gold prices in the national capital on Tuesday rose by Rs 600 to Rs 1,00,770 per 10 grams, supported by a weak rupee and strong global trends, according to the All India Sarafa Association. The precious metal of 99.9 percent purity had closed at Rs 1,00,170 per 10 grams on Monday. Gold of 99.5 percent purity rose by Rs 500 to Rs 1,00,400 per 10 grams (inclusive of all taxes), as against the last close of Rs 99,900 per 10 grams. Silver prices rose by Rs 3,000 to an all-time high of Rs 1,18,000 per kg (inclusive of…

25 Aug

Copper futures increase on spot demand

Business CorrespondentBusiness, News

New Delhi: Copper futures on Monday rose 0.48 percent to Rs 892.35 per kg on increased spot demand. At the Multi Commodity Exchange, copper contracts for September delivery rose by Rs 4.25, or 0.48 percent, to Rs 892.35 per kg in a business turnover of 6,063 lots. Analysts attributed the rise in copper prices to higher bets by participants.

23 Aug

Aluminium futures increase: New deals push fuel prices higher

Business CorrespondentBusiness, News

New Delhi: Aluminium prices rose 30 paise to Rs 251.80 per kg in futures trade on Friday as speculators created new deals amid a positive trend in the spot market. At the Multi Commodity Exchange, the price of aluminium contract for September delivery rose 30 paise, or 0.12 percent, to Rs 251.80 per kg in a business turnover of 1,909 lots. Analysts said fresh buying by traders amid demand from consumer industries supported aluminium prices in the futures market.

22 Aug

Apollo Hospitals shares downfall 1% after its promoter sold stake worth ₹1,489 crore through a block deal

Business CorrespondentBusiness, News

Apollo Hospitals shares fell nearly 1% to a low of ₹7,852 per share after promoter and managing director Suneeta Reddy sold her 1.32% stake in the hospital chain through a block deal. According to reports, shares worth ₹1,489 crore were sold in the block deal and nearly 19 lakh shares were sold at a floor price of ₹7,850 per share, down nearly 1% from Thursday's close price. Citing people familiar with the matter, CNBC Awaaz had reported on Thursday that Reddy would sell 1.25% stake in the company. Suneeta Reddy holds a 3.36% stake in Apollo Hospitals as of June…

21 Aug

Aluminium futures increase: New deals fuel price rise

Business CorrespondentBusiness, News

New Delhi: Aluminium prices rose by 10 paise to Rs 250.75 per kg in futures trade on Thursday as speculators created new deals amid a positive trend in the spot market. At the Multi Commodity Exchange, the price of aluminium contract for September delivery rose 10 paise, or 0.04 percent, to Rs 250.75 per kg in a business turnover of 1,483 lots. Analysts said fresh buying by traders amid demand from consumer industries supported aluminium prices in the futures market.

20 Aug

Ola Electric shares gain 8.5%; Know why the stock is rising today

Business CorrespondentBusiness, News

Ola Electric shares rose 8.5% to their highest level of ₹44.78 per share on the NSE on Tuesday, August 19. This came after founder Bhavish Aggarwal shared launch plans and growth strategy in the upcoming quarters. In an interview to Moneycontrol, Aggarwal said that products with 4,680 cells will reach customers by Navratri. The electric vehicle maker's Tamil Nadu plant is already in full production ahead of the launch. Ola Electric's R&D head Rajesh Mekkat said that the 4680 Bharat cell has a battery life of over 15 years, which is 5 times more than competitors and provides 80% charging…

19 Aug

GST cut: AC prices to downfall by Rs 2,500

Business CorrespondentBusiness, News

New Delhi: Appliance makers are expecting good sales in the festive season, thanks to the government's proposal to reduce the GST slab on air conditioners from the current 28 per cent to 18 per cent. This will lead to a reduction in prices by Rs 1,500 to Rs 2,500, depending on the model. Also, this reduction in prices after the recent income tax cut and repo rate revision by the government will not only help increase the reach of ACs but will also promote premium ACs, where people will buy energy-efficient models due to cost benefits. Also, this will help…

19 Aug

Samsung Galaxy Buds 3 FE Launched With New Design

Purbalee DuttaNews

Samsung has launched its budget-friendly Galaxy Buds 3 FE, offering enhanced sound quality, Galaxy AI features, and Active Noise Cancellation (ANC). The “FE” stands for Fan Edition, which aims to deliver premium features at a more accessible price. The design closely resembles the Buds 3 Pro, featuring a sleek blade stem and in-ear tips instead of the older wingtip design, making them slimmer and more stylish. The buds also support smart gestures and touch controls for an improved user experience. In terms of features, the Galaxy Buds 3 FE come with pinch and swipe controls to manage volume, media, and…

18 Aug

Guarseed futures prices increase on spot demand

Business CorrespondentBusiness, News

New Delhi: Guarseed prices rose by Rs 53 to Rs 5,195 per quintal in futures trade on Monday as speculators increased their bets amid a firm trend in the spot market. On the National Commodity and Derivatives Exchange (NCDEX), the price of guarseed contract for September delivery rose by Rs 53, or 1.02 per cent, to Rs 5,195 per quintal with a turnover of 56,850 lots. According to market sources, guarseed prices rose due to speculators increasing their bets, a firm trend in the spot market and lower supplies from producing regions.

16 Aug

Meta Faces Probe

Purbalee DuttaNews

U.S. Senator Josh Hawley announced an investigation on Friday into whether Meta's AI chatbots were involved in inappropriate and potentially harmful interactions with children. Hawley, who chairs the Senate Judiciary Committee’s Subcommittee on Crime and Counterterrorism, shared a letter addressed to Meta CEO Mark Zuckerberg, requesting all documents and communications related to reports of AI chatbots engaging in "romantic" or "sensual" conversations with minors. In response, a Meta spokesperson stated that the company enforces strict guidelines prohibiting any AI-generated content that sexualizes children or involves sexualized role-play between adults and minors. Hawley said the subcommittee would investigate whether Meta's generative…