Business

New Delhi, Commerce and Industry Minister Piyush Goyal on Friday said India is receiving FDI from 112 countries, as against 89 in 2013-14. This shows the increase in the country's global appeal. Speaking virtually at the FDI roundtable here, he said the government is committed to making India the world's most preferred investment destination. Department of Industry and Internal Trade Promotion (DPIIT) Secretary Amardeep Singh Bhatia chaired the roundtable. Bhatia invited ideas and suggestions from investors to increase reinvestment in the country, improve industrial park infrastructure and explore new expansion opportunities. He highlighted the significant increase in FDI during 2024-25 to US$ 81.04 billion, representing a growth of 14 percent compared to FY 2023-24 (US$ 71.28...

New Delhi, June 6 Gold prices fell by Rs 238 to Rs 98,341 per 10 gram in futures trade on Thursday amid weak spot demand. Gold contracts for August delivery on the Multi Commodity Exchange fell by Rs 238, or 0.24 percent, to Rs 98,341 per 10 gram in a business turnover of 17,188 lots. Analysts attributed the fall in gold prices to weak global cues. In international markets, gold futures in New York fell 0.14 percent to $3,368.15 an ounce.

Power Grid shares witnessed good investor interest today. The stock rose 2.3% to hit an intraday high of ₹295.25 per share. As of 3:00 pm, Power Grid shares were trading 2.0% higher at ₹294.5 per share. This surge in share price comes after the company announced the acquisition of MEL Power Transmission (MPTL), a project-specific special purpose vehicle (SPV) set up by PFC Consulting Ltd, under the tariff-based competitive bidding (TBCB) route. MPTL will be acquired at an aggregate consideration of approximately ₹8.53 crore, comprising 10,000 equity shares at par at Rs 10/- per share and the assets and liabilities of MPTL as on the date of acquisition. MPTL will be engaged in the business of transmission of electricity.  The company has not yet started commercial operations,...

New Delhi, June 4 Aluminium prices rose by Rs 2.05 to Rs 242.55 per kg in the futures market on Wednesday as speculators created fresh deals amid a positive trend in the spot market. The price of aluminium contract for July delivery rose by Rs 2.05, or 0.85 per cent, to Rs 242.55 per kg on the Multi Commodity Exchange in a business turnover of 415 lots. Analysts said fresh bets by traders amid demand from consumer industries supported aluminium prices in the futures market.

New Delhi, June 3: Zinc prices on Monday rose by Rs 1.40 to Rs 252.40 per kg in futures trade amid strong spot demand. The price of zinc contract for June delivery on the Multi Commodity Exchange rose by Rs 1.40, or 0.56 per cent, to Rs 252.40 per kg in a business turnover of 3,545 lots. Zinc prices rose in futures trade as participants increased the size of their deals following a pick-up in demand from consumer industries, market sources said.

Sun TV Q4: Sun TV Network reported a 10.4% y-o-y decline in its consolidated net profit to ₹371.6 crore in the March FY25 quarter. The company had posted a profit of ₹414.7 crore in the same period last year. In the quarter under review, the media company's revenue from operations stood at ₹940.6 crore, down 2.2% from ₹961.3 crore in Q4 FY24. Sun TV's operating efficiency declined as its EBITDA (earnings before interest, tax, depreciation and amortisation) fell 18% from ₹429 crore in Q4 FY25. In Q4FY24, its EBITDA was ₹523 crore. Moreover, its EBITDA margin declined to 45.61% from 54.5%. However, the Chennai-based company's total income grew 7.44% to ₹1,135.86 crore in the quarter ended March 31, 2025, as against ₹1,057.24 crore in the same period last year. Sun TV share perfo...