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16 Jul

Aluminium futures downgrade on low demand

Business CorrespondentBusiness, News

New Delhi, Aluminium prices fell by 70 paise to Rs 248.80 per kg in futures trade on Wednesday as traders offloaded their positions following a weak trend in the spot market. At the Multi Commodity Exchange, aluminium contracts for August delivery fell by 70 paise, or 0.28 percent, to Rs 248.80 per kg in a business turnover of 1,525 lots. Analysts said aluminium prices fell mainly due to traders offloading their positions on account of weak demand from consuming industries.

15 Jul

Gold futures upsurge on spot demand

Business CorrespondentBusiness, News

New Delhi, Gold prices rose by Rs 180 to Rs 97,955 per 10 grams in futures trade on Tuesday as speculators created new deals due to strong spot demand. On the Multi Commodity Exchange, the price of gold contracts for August delivery rose by Rs 180, or 0.18 percent, to Rs 97,955 per 10 grams, with a turnover of 11,595 lots. Analysts said fresh buying by participants led to the rise in gold prices. Globally, gold futures in New York rose 0.52 percent to $3,360.93 an ounce.

14 Jul

Housing sales lapse 30% in MMR, Pune

Business CorrespondentBusiness, News

New Delhi: Housing sales in the Mumbai Metropolitan Region (MMR) and Pune overall declined 30 percent to 41,901 units in the April-June period this year, as consumer demand waned due to a surge in prices, according to PropTiger. Combined housing sales in MMR and Pune, two key property markets in Maharashtra, stood at 60,191 units in the same period a year ago. On Monday, housing brokerage firm PropTiger released data which showed that sales in India's eight major residential markets declined 14 percent to 97,674 units during April-June this year, as against 1,13,768 units in the same period last year.…

12 Jul

TCS stock downfalls 2.51% after Q1 results

Business CorrespondentBusiness, News

New Delhi, Tata Consultancy (TCS) stock fell 2.51 per cent in Friday morning trade after the stock failed to show enthusiasm over its June quarter results. The heavyweight stock on the list is trading 2.43 per cent lower at Rs 3,300. On the NOC, it was down 2.51 per cent at Rs 3,297. Other IT stocks also remained under selling pressure, with shares of Infosys, Tech Mahindra, HCL Tech and Wipro seeing negative word of mouth. In the stock market, the 30-stock index closed 352.91 per cent lower at 82,837.37 and the 50-stock index closed 91.45 per cent lower at…

11 Jul

Crude oil prices increase on spot demand

Business CorrespondentBusiness, News

New Delhi, Crude oil prices rose by Rs 26 to Rs 5,661 per barrel in futures trade on Friday as traders increased the size of their deals due to strong spot demand. At the Multi Commodity Exchange, the price of crude oil contract for August delivery rose by Rs 26, or 0.46 per cent, to Rs 5,661 per barrel in a business turnover of 6,252 lots. Analysts said crude oil prices rose in futures trade as participants increased the size of their deals. Globally, West Texas Intermediate crude was trading 0.38 per cent higher at $66.95 per barrel in New…

10 Jul

PC Jeweller to rose equity of Rs 500 crore

Business CorrespondentBusiness, News

New Delhi, PC Jeweller Ltd's board has approved a plan to raise equity of Rs 500 crore from promoters and Capital Ventures Pvt Ltd to prepay its debt, as part of its plan to become debt-free by the end of this fiscal. Delhi-based PC Jeweller has a total of 52 showrooms, of which 49 are company-owned. In a regulatory filing on Thursday, the company said the board has approved raising funds of up to Rs 500 crore through preferential allotment on a private placement basis. The board approved the issuance and allotment of up to 9.72 crore fully convertible warrants…

09 Jul

Silver futures prices downfall: Prices at ₹1,07,771/kg

Business CorrespondentBusiness, News

New Delhi, Silver prices on Wednesday fell by Rs 214 to Rs 1,07,771 per kg as participants reduced their deals. At the Multi Commodity Exchange, the price of silver contracts for September delivery fell by Rs 214, or 0.2 percent, to Rs 1,07,771 per kg in a business turnover of 16,447 lots. Analysts said selling by participants at current levels in the market mainly influenced silver prices. Globally, silver was trading 0.11 percent higher at $36.79 per ounce in New York.

08 Jul

Phoenix Mills shares upgrade, retailer sales across operational malls rise 12% in Q1

Business CorrespondentBusiness, News

Shares of Mumbai-based real estate developer Phoenix Mills rose 1.24% to hit an intraday high of ₹1,567 on Tuesday, July 8, after the company provided its business update of Q1FY26 after market opened on Monday. Phoenix Mills informed the exchanges that its retailers' sales (consumption) across all operational malls grew 12% year-on-year in Q1FY26, reflecting healthy underlying demand and continued momentum across the portfolio. Consumption growth during the quarter was led by Phoenix Pallasio (Lucknow), Phoenix Citadel (Indore), Phoenix Palladium (Mumbai) and Palladium Ahmedabad, supported by the continued ramp-up of our new assets i.e. Phoenix Mall of the Millennium and…

07 Jul

Jaguar Land Rover sales drop in first quarter

Business CorrespondentBusiness, News

New Delhi, Jaguar Land Rover said on Monday that its vehicles dispatched to dealers in the first quarter ended June 30 fell 11 percent to 87,286 units compared to last year. JLR said in a statement that wholesale sales in North America, Europe and the UK declined by 12 percent, 14 percent and 25 percent respectively in the first quarter compared to last year. It said that the UK market has been most affected by Jaguar's plan to discontinue older models. The British brand said that its retail sales in the April-June period this year stood at 94,420 units, down…

05 Jul

HDFC Bank shares rose, gross advances rise 6.7% to ₹26.53 lakh crore in Q1, deposits rise 16.2%

Business CorrespondentBusiness, News

HDFC Bank share price: Shares of India's largest private lender HDFC Bank jumped on Friday, July 4, as gross advances rose 6.7% to ₹26,53,000 crore for the quarter ended June 2025, as against ₹24,86,900 crore in the same period a year ago. Sequentially, it grew 0.4%. Deposits for the first quarter of FY 2025-26 stood at ₹27,64,000 crore, reflecting a growth of 16.2% from ₹23,79,100 crore in the first quarter of FY 25. On a sequential basis, deposits grew 1.8%. HDFC Bank share price The stock rose 0.37% to ₹1,994.4 per share at 9:20 am on the National Stock Exchange…