Friday, October 31

News

Gold futures upsurge: Rs 1,00,034 per 10 grams
Business, News

Gold futures upsurge: Rs 1,00,034 per 10 grams

New Delhi: Gold futures on Monday rose by Rs 196 to Rs 1,00,034 per 10 grams on fresh buying by speculators amid strong spot demand. At the Multi Commodity Exchange, gold contracts for October delivery rose by Rs 196, or 0.2 percent, to Rs 1,00,034 per 10 grams in a business turnover of 12,789 lots. Globally, Comex gold futures for December delivery in New York rose 0.58 percent to $3,355.6400 an ounce.
Gold rises Rs 400, silver gain Rs 1,500
Business, News

Gold rises Rs 400, silver gain Rs 1,500

New Delhi: Gold prices in the national capital on Thursday rose by Rs 400 to Rs 1,01,420 per 10 grams on fresh buying by stockists in line with strong global trends, according to the All India Sarafa Association. The yellow metal of 99.9 per cent purity had closed at Rs 1,01,020 per 10 grams in the previous session. Gold of 99.5 per cent purity rose by Rs 400 to Rs 1,01,000 per 10 grams (inclusive of all taxes) on Thursday. It had closed at Rs 1,00,600 per 10 grams on Wednesday. In the national capital, the price of silver on Thursday rose by Rs 1,500 to Rs 1,13,500 per kg (inclusive of all taxes). Renisha Chainani, Head of Research at Augmont, said, "Gold and silver prices rose after traders raised bets on the US Federal Reserve resuming interest rate cuts at its September me...
CSB Bank Q1 profit gain 5% to Rs 119 crore
Business, News

CSB Bank Q1 profit gain 5% to Rs 119 crore

New Delhi: CSB Bank on Wednesday reported a marginal 5 per cent rise in June quarter net profit to Rs 119 crore. The private sector bank had posted a profit of Rs 113 crore in the same quarter a year ago. Total income rose to Rs 1,286 crore from Rs 1,004 crore a year ago. Interest income rose to Rs 1,041 crore from Rs 832 crore, CSB Bank said in a regulatory filing. However, the bank's asset quality deteriorated as gross non-performing assets (NPAs) rose to 1.84 percent of gross advances as of June 30, 2025, from 1.69 percent a year ago. Net NPAs remained stable at 0.66 per cent. As a result, provisions and contingencies increased to Rs 61 crore from Rs 20 crore set for the same quarter a year ago. The bank's capital adequacy ratio declined to 21.71 percent as on June 30...
Silver futures gain: Price movement and analysis
Business, News

Silver futures gain: Price movement and analysis

New Delhi, Silver prices rose by Rs 423 to Rs 1,13,719 per kg in futures trade on Tuesday as participants increased their deals. At the Multi Commodity Exchange, the price of silver contracts for September delivery rose by Rs 423, or 0.37 percent, to Rs 1,13,719 per kg in a business turnover of 15,593 lots. Analysts said fresh deals by participants led to the rise in silver prices. However, silver was trading 0.83 percent higher at $37.92 per ounce in New York.
Groovy India’s first quarter profit raised 6 times
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Groovy India’s first quarter profit raised 6 times

New Delhi, Realty company Groovy India Limited reported a net profit of Rs 1.1 crore in the first quarter of the current financial year. The Delhi-based company, listed on the stock exchanges, had a net loss of Rs 25 lakh in the same quarter last year. Groovy said in a statement on Monday that total revenue in the April-June quarter of this financial year increased to Rs 8.3 crore from Rs 1.3 crore in the same period last year. Founded in 1985, Groovy India is a real estate development and consulting company. It has completed more than 100 projects (independent floors) mainly in South Delhi. The company is developing luxury apartments of more than 1 lakh sq ft in South Delhi.
PG Electroplast Shares Fall 17% 
News

PG Electroplast Shares Fall 17% 

Shares of PG Electroplast plunged another 18% on Monday, August 11, extending their 23% crash on Friday — the steepest single-day drop in the company's history. The continued sell-off followed disappointing June quarter earnings and a significant downgrade in full-year guidance. As a result, the stock has now lost nearly 50% year-to-date. Earlier in the day, around 1.04 crore shares, representing 3.7% of the company’s equity, were traded via multiple block deals at an average price of ₹500 per share, amounting to a transaction value of ₹526 crore. Despite the steep fall, brokerage firm Nuvama has retained its “buy” rating on PG Electroplast, though it slashed the price target by 35% to ₹710 from ₹1,100, implying a 25% upside from Friday’s closing. The brokerage also cut FY26 EPS ...
Silver futures rose: Prices gain on new deals
Business, News

Silver futures rose: Prices gain on new deals

New Delhi, Silver prices rose by Rs 680 to Rs 1,14,966 per kg in futures trade on Friday as participants increased their deals. At the Multi Commodity Exchange, the price of silver contract for September delivery rose by Rs 680, or 0.59 percent, to Rs 1,14,966 per kg in a business turnover of 15,933 lots. Analysts said buying of new deals by participants led to the rise in silver prices. However, silver was trading 0.16 per cent lower at $38.32 per ounce in New York.
Shares of state-owned BHEL downgrade 7% as net loss widens in June quarter; see all Q1 numbers
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Shares of state-owned BHEL downgrade 7% as net loss widens in June quarter; see all Q1 numbers

Shares of state-owned Bharat Heavy Electricals Ltd (BHEL) on Thursday, August 7, fell nearly 7% as the company's June quarter net loss widened due to higher expenses. BHEL on Wednesday reported that its consolidated net loss widened to ₹455.50 crore in the June quarter of FY2025-26 from a net loss of ₹211.40 crore in Q1 FY2025. Total expenses rose to ₹6,279.78 crore in the quarter from ₹5,874.98 crore in the same period a year ago. However, total income rose marginally to ₹5,658.07 crore from ₹5,581.78 crore in the same quarter a year ago. Following the earnings, BHEL shares hit a low of ₹223.79 per share on Thursday. At the time of writing, the stock was trading 6.53% lower at ₹224.17 per share. The public sector company's total order inflow during the quarter stood at ₹13...
Zinc futures prices gain on demand
Business, News

Zinc futures prices gain on demand

New Delhi, Zinc prices on Wednesday rose by 15 paise to Rs 265.20 per kg in futures trade amid strong spot demand. At the Multi Commodity Exchange, the price of zinc contract for August delivery rose by 15 paise, or 0.06 percent, to Rs 265.20 per kg in a business turnover of 3,118 lots. Zinc prices rose in futures trade as participants increased the size of their deals following a rise in demand from consumer industries, market sources said.
Adani Ports Q1 profit gain 6.54% to Rs 3,310.60 crore
Business, News

Adani Ports Q1 profit gain 6.54% to Rs 3,310.60 crore

New Delhi, Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday reported a 6.54 per cent rise in its consolidated net profit to Rs 3,310.60 crore in the June quarter of the current fiscal year on the back of increased income. The company had posted a net profit of Rs 3,107.23 crore in the April-June quarter of FY25, in a regulatory filing. Total income rose to Rs 9,422.18 crore in the quarter under review from Rs 8,054.18 crore in the year-ago quarter. Expenses also rose to Rs 5,731.88 crore during the period from Rs 4,238.94 crore in the year-ago quarter.