Business

New Delhi: Silver prices rose by Rs 290 to Rs 95,019 per kg in futures trade on Friday as participants increased their bets.At the Multi Commodity Exchange, the price of silver contracts for July delivery rose by Rs 290, or 0.31 percent, to Rs 95,019 per kg in a business turnover of 16,802 lots.Analysts said fresh deals by participants led to the rise in silver prices.Globally, silver was trading 0.40 percent higher at $32.54 an ounce in New York.

New Delhi, May 2: Aluminium prices rose by 60 paise to Rs 231.50 per kg in the futures market on Friday due to fresh deals by speculators amid a positive trend in the spot market.The price of aluminium contract for May delivery rose by 60 paise or 0.26 percent to Rs 231.50 per kg on the Multi Commodity Exchange in a business turnover of 5,286 lots.Analysts said fresh deals by traders amid demand from consumer industries supported aluminium prices in the futures market.

New Delhi, Apr 30: Bengaluru's housing market witnessed a 59 per cent rise in sales of luxury homes priced Rs 10 crore and above in the last fiscal, hitting a record Rs 1,000 crore on the back of high demand, according to a report by India Sotheby's International Realty and CRE Matrix.A recent report by real estate consultant India Sotheby's International Realty (ISIR) and real estate data analytics firm CRE Matrix mentioned that Bengaluru's luxury housing market (Rs 10 crore and above) achieved sales bookings of Rs 1,000 crore in 2024-25, up from Rs 627 crore in the previous year.In terms of volume, luxury home sales grew from 51 units to 78 units.The report said that in Bengaluru's luxury segment, ticket-size apartments of Rs 10-12 crore are witnessing the highest sales."Bengaluru's lux...

State-owned oil marketing company (OMC) Bharat Petroleum Corporation Ltd (BPCL) on Tuesday, April 29, reported a net profit of ₹3,214 crore in the January-March quarter, down 24% from ₹4,224 crore in the same period last year.BPCL's revenue from operations declined 4% year-on-year (YoY) to ₹1,26,864.93 crore from ₹1,32,056.56 crore in the same period a year ago.BPCL reported weak operating performance as its operating profit also known as earnings before interest, tax, depreciation and amortisation (EBITDA) declined 15.5% to ₹7,764.89 crore in the March quarter as against ₹9,184.75 crore in the same period last year.Its operating profit margin also known as EBITDA margin declined 80 basis points to 6.12% as against 6.96% in the year-ago period.The company's board recommended a final divid...

Profit in the fourth quarter stood at Rs 2,051.2 crore as against Rs 1,628 crore (on a year-on-year basis).Shares of lender IDBI Bank rose over 4% after the lender said it posted a 26% rise in net profit for the March 2025 quarter.Profit in the fourth quarter stood at Rs 2,051.2 crore as against Rs 1,628 crore (on a year-on-year basis).However, NII declined 10.8% to Rs 3,290.3 crore as against Rs 3,688 crore a year ago. Gross NPA stood at 2.98% as against 3.57% (quarter-on-quarter). Net NPA stood at 0.15% as against 0.18% on a quarter-on-quarter basis in the previous quarter.Gross NPAs stood at Rs 6,695.2 crore in the fourth quarter as against Rs 7,634.8 crore (quarterly). Net NPAs stood at Rs 337.3 crore as against Rs 365.5 crore (quarterly) in the March 2025 quarter. IDBI Bank shares ro...

Gold prices fell ₹839 to ₹95,073 per 10 gram in futures trade in India on Friday, April 25, as the US dollar rebounded amid a possible easing of the trade war between the world's superpowers, the US and China.On the Multi Commodity Exchange (MCX), gold contracts for June delivery fell ₹839, or 0.87%, to ₹95,073/10 gram, with a turnover of 18,007 lots. Simply put, 18,007 gold futures contracts were traded on MCX during the session.The August contract of the precious metal on MCX fell ₹760, or 0.79%, to ₹95,858 per 10 gram. Gold prices fell by ₹655 to ₹95,631 per 10 grams (99.9 purity) in Mumbai spot markets.Standard gold (99.5 purity) fell by ₹652 to ₹95,248 per 10 grams. Bullion markets remained closed in Delhi due to a shutdown called by traders to protest the Pahalgam terror attack. Mea...

Billionaire Mukesh Ambani-backed Reliance Industries (RIL) on Friday, April 25, reported a net profit of ₹19,407 crore for the January-March quarter (Q3 FY25), up 2.41% from ₹18,951 crore recorded in the same period last year.Its revenue from operations grew 10% to ₹2,64,573 crore at the end of March quarter, as against ₹2,40,715 crore in the same period a year ago.In terms of operations, Reliance Industries' operating profit, also known as earnings before interest, tax, depreciation and amortization (EBITDA), rose 3.1% to ₹43,832 crore from ₹42,516 crore in the same period last year.Its operating profit margin, also known as EBITDA margin, declined 110 basis points (bps) to 16.57% from 17.66%.The company's board of directors has recommended a dividend of ₹5.5 per share for the financial ...

Zomato Share Price: Zomato shares fell 5% to ₹264.85 per share on the NSE after global brokerage firm Jefferies raised concerns over rising competition in the quick commerce space.After Zomato's shares more than doubled in value in 2024, analysts at Jefferies forecast that 2025 could be a breather year, with the stock possibly shifting gears into a price consolidation phase.According to news reports, the brokerage said aggressive strategies by existing players and entry of new competitors could lead to higher discounts, which could pose risks to Zomato's medium-term profitability.The brokerage said that apart from Zomato's Blinkit, competitors such as Swiggy's Instamart, Zepto, Amazon and others are actively competing for quick commerce market share, reports Moneycontrol. The report said ...