Business

New Delhi, Gold prices fell by Rs 130 to Rs 97,140 per 10 gram in futures trade on Tuesday amid weak spot demand. Gold contracts for August delivery on the Multi Commodity Exchange fell by Rs 130, or 0.13 percent, to Rs 97,140 per 10 gram in a business turnover of 12,587 lots. Analysts attributed the fall in gold prices to weak global cues. In international markets, gold futures in New York fell 0.09 percent to $3,333.35 per ounce.

New Delhi, Kalyan Jewellers on Monday reported a 31 per cent year-on-year growth in consolidated revenue for the first quarter of FY2025-26 despite several disruptions in demand, mainly due to volatility in gold prices and geopolitical tensions. The company had reported consolidated net revenue of Rs 5,557.63 crore in the first quarter (April-June) of FY2024-25. India operations witnessed a 31 per cent revenue growth during the first quarter of FY2025-26 as compared to the first quarter of the previous year, the company said in a regulatory filing. Revenue from global operations grew 31 per cent and contributed 15 per cent to consolidated revenue in Q1. Revenue from Middle East operations grew 26 per cent YoY, driven primarily by same-store-sales growth, while digital platform...

New Delhi, Aluminium prices fell by 45 paise to Rs 248.70 per kg in futures trading on Friday as participants cut their positions due to weak trend in the spot market. Aluminium contracts for July delivery on the Multi Commodity Exchange fell by 45 paise or 0.18 percent to Rs 248.70 per kg in a business of 4,122 lots. Analysts said aluminium prices fell mainly due to participants cutting positions due to lack of demand from consumer industries.

New Delhi, Indian Energy Exchange (IEX) has recorded a 6.5 percent annual growth (y-o-y) in power trading volumes in June to 10,852 million units (MU). A total of 32.32 lakh renewable energy certificates (RECs) were traded in the trading sessions held on June 11 and June 25, with a clearing price of Rs 350/REC and Rs 360/REC, respectively. The next REC trading sessions are scheduled for July 9 and July 25, the country's leading power exchange said in a statement. In the Day-Ahead Market (DAM), IEX achieved 4,610 MU volumes in June as against 4,849 MU in June last year, showing a decline of 5 percent year-on-year (y-o-y). Volumes in the real-time electricity market in April grew 34 per cent year-on-year to 4,312 MUs from 3,213 MUs in the same period a year ago. The IEX Green...

Hiring for white collar jobs grew 20% year-on-year (YoY) in June, led by opportunities in tier II markets, PTI reported on Wednesday, citing data from the Foundit.in tracker. According to the tracker, India's tier II cities drove the country's employment growth. The Foundit Insights Tracker is based on online job posting activity on Foundit.in. The Foundit Insights Tracker (earlier called the Monster Employment Index) is a report based on a comprehensive monthly analysis of online job posting activity on the Foundit.in platform. Coimbatore witnessed a growth in opportunities with a 26% increase, followed by Nagpur and Nashik at 24% each, with sectors such as IT, BFSI, manufacturing and FMCG contributing mainly. "The shift in hiring momentum towards tier II cities, especially i...

Tesla Inc.'s global sales fell for a second consecutive quarter, pushing the carmaker deeper into a deep slump to avoid a consecutive annual decline. The company delivered 384,122 vehicles during the past three months, down 13% from a year earlier.  Tesla now has to overcome a roughly 110,000-car shortfall in the second half to return to growth this year. Sales managed to surpass the most pessimistic analysts' estimates, with the most bearish analysts predicting a more than 20% drop. Tesla shares surged after the report, rising as much as 4% at the open of regular trading on Wednesday. The figures stand in contrast to Elon Musk's claim in mid-May that Tesla's car business had recovered from an early-year slump thanks to his work in the Trump administration. Sales could be...