Gaurav Bansal

[ad_1] Had you listened to your grandmother and bought gold on Akshaya Tritiya, your investment would have earned handsome returns. Rising geopolitical tensions and widespread economic uncertainty have pushed gold prices to almost Rs 10,000 per gram. Gold bought on this auspicious day has delivered double-digit returns in the past 25 years.A substantial portion of these returns is attributable to the dramatic rise in gold prices in the past four years. Gold prices have more than doubled from Rs 47,452 per 10 grams in April 2021 to Rs 98,955 now. Investments in the yellow metal since 2021 have yielded more than 20 per cent returns. That’s more than what equity funds have delivered in the past four years. However, though gold prices have moved up smartly, the yellow metal has also witnessed extended periods of muted returns. Between 2014 and […]

[ad_1] RIL & FPIs lift sensex above 80kMUMBAI: A strong rally in RIL, along with banking stocks, lifted the sensex above the 80k mark again. Foreign funds continued to buy in the Indian market, supporting the rally. During the day's session, the sensex and Nifty also reversed a two-session sliding trend.On Monday, the sensex opened marginally higher but rallied through the session to close 1,006 points (1.3%) up at 80,218 points. Nifty on the NSE also opened higher and closed 289 points up at 24,329 points.The day's rally added about Rs 4.5 lakh crore to investor wealth, with BSE's market capitalisation at Rs 426.1 lakh crore. According to Satish Chandra Aluri of stock trading platform Lemonn, better-than-expected earnings from index heavyweight RIL lifted the benchmarks, while steady foreign inflows further supported sentiment. RIL's stock price got a boost after strong […]

[ad_1] Defence stocks: Experts indicate that Pakistan-related tensions are short-lived without substantial changes warranting immediate investment. (AI image) Defence stocks in India rallied between 5% to 11.5% on April 28, due to growing India-Pakistan tensions and the anticipated announcement of the Rafale-M fighter aircraft agreement.Several defence-related companies, including Paras Defence, Garden Reach Shipbuilders, Data Patterns, Cochin Shipyard, Mazagon Dock Shipbuilders, and Hindustan Aeronautics, registered substantial gains. The increase coincides with ongoing tensions at the Line of Control (LoC) after the Pahalgam terror incident, with multiple ceasefire breaches reported during the weekend.India has implemented various countermeasures, including the suspension of the Indus Water Treaty, cessation of Wagah Border activities, and instructions for Pakistani citizens to depart. Defence stocks have gained additional attention as India and France prepare to officially confirm the Rs 63,000 crore agreement for 26 Rafale-M fighter jets. Initial […]

[ad_1] Electric two-wheeler manufacturer Ather Energy has launched its Initial Public Offering (IPO) on Monday, aiming to raise Rs 2,981 crore. The offering comprises fresh equity shares of Rs 8.18 crore and an Offer for Sale (OFS) of Rs 1.1 crore shares.IPO details:- Price band: Rs 304-321- Grey market premium: 1% over issue price- Minimum lot size: 46 shares- Lead managers: Axis Capital, HSBC Securities, JM Financial, and Nomura Financial AdvisoryThe IPO proceeds will fund multiple strategic initiatives, including the establishment of a new electric two-wheeler factory in Maharashtra, debt repayment, research and development investments, marketing initiatives, and general corporate purposes. Hero MotoCorp-backed Ather Energy, which competes with Ola Electric in the listed two-wheeler space, has set the price band at Rs 304-321 per share, with a lot size of 46 shares. Backed by Hero MotoCorp, Ather Energy competes with […]

[ad_1] AI-generated representative image The automotive component sector in India is facing significant challenges due to new US tariff implementations, which are expected to substantially impact earnings of exporters, according to Investment Information and Credit Rating Agency (ICRA). The tariffs introduced by Donald Trump in April, just months after his return to White House, could reduce operating profits by Rs 2,700–4,500 crore, representing 10–15 per cent of component exporters' operating profits and 3–6 per cent of the overall industry operating profits. For FY2026, ICRA forecasts revenue growth for the sector — based on 46 key organisations with combined annual revenues exceeding Rs 3 lakh crore in FY2024 — to moderate to 6–8 per cent, down from the earlier projection of 8–10 per cent. This revision is primarily attributed to an anticipated decline in US exports following the substantial hike in […]

[ad_1] US markets opened modestly higher Monday morning as investors entered a busy week filled with major corporate earnings and crucial economic indicators. Despite lingering concerns over global trade and macroeconomic uncertainty, early gains suggested a cautiously optimistic tone on Wall Street.As of 1.04 pm EDT, the Dow Jones Industrial Average (DJIA) plunged 132.11 points, or 0.33%, to 39,981.39. The S&P 500 was down 41.94 points or 0.76%, to trade at 5,483.03. The tech-heavy Nasdaq fell 204.39 points, or 1.18%, to 17,178.55The market's modest rally was supported in part by higher gold prices, with the precious metal gaining $12.90, or 0.39%, to $3,311.30 — a sign that investors continued to seek safety amid uncertainty over interest rates and global trade negotiations. Oil prices edged slightly lower, with US crude slipping 7 cents to $62.95 per barrel, down 0.11%.Bond yields ticked […]

[ad_1] Urban Company files draft papers for IPO NEW DELHI: Urban Company has filed draft papers with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) to raise Rs 1,900 crore. According to its Draft Red Herring Prospectus (DRHP), the IPO will comprise a fresh issue of shares worth Rs 429 crore and an offer for sale (OFS) of shares worth Rs 1,471 crore by existing investors. Key OFS participants include Accel India, Elevation Capital, Bessemer India Capital Holdings II Ltd, Internet Fund V Pte. Ltd, and VYC11 Ltd. The company plans to utilise the proceeds to fund technological upgrades and cloud infrastructure (Rs 190 crore), lease payments for new office spaces (Rs 70 crore), marketing initiatives (Rs 80 crore), and for general corporate purposes.Kotak Mahindra Capital Company, Morgan Stanley India Company, Goldman Sachs (India) […]

[ad_1] Jewellery retailers are rolling out substantial discounts on making charges and gold prices to attract customers ahead of Akshaya Tritiya on April 30, an auspicious day for purchasing precious items. Even though gold prices are soaring, prominent brands, including Tanishq, Senco Gold, MP Jewellers, and PC Chandra Jewellers, have unveiled various promotional schemes for the upcoming buying season. Tanishq is offering up to 20 per cent off on gold making charges, while Senco Gold is providing a flat Rs 350 reduction in gold rates and up to 30 per cent off on making charges. Additionally, on diamond jewellery, Senco Gold is waiving making charges entirely and offering up to 15 per cent value discount. MP Jewellers is offering a Rs 300 per gram discount on gold jewellery, along with a 10 per cent reduction in making charges. PC Chandra […]

[ad_1] Dry fruits like almonds, raisins, pistachios and others, are an intricate part of Indian culture, be it sweets, snacks or even oils. Most of these delicacies travel all the way from Kabul to New Delhi.However, these imports are at a major risk after the closing of Attari-Wagah border due to growing tensions between India and Pakistan. Exporters have warned that this could lead to a surge in domestic prices for these commoditiesAfghanistan has long been a key exporter of dry fruits to India, alongside Pakistan. According to data, India's imports of dry fruits from Afghanistan in the 2024-25 period (April-January) amounted to $ 358 million, while its exports to Afghanistan during the same period were valued at $ 264.15 million.Prices of dry-fruits to spike?"Though immediate there is no impact as goods are in transit, but after ten days the […]

[ad_1] Gold prices fell sharply by Rs 1,000 to Rs 98,400 per 10 grams in National capital (AI image) Gold rate today: Gold prices fell sharply by Rs 1,000 to Rs 98,400 per 10 grams in the national capital on Monday, weighed by weak global trends, according to the All India Sarafa Association. The 99.9 per cent pure gold had previously closed at Rs 99,400 per 10 grams on Thursday. Similarly, 99.5 per cent pure gold declined to Rs 97,900 per 10 grams from its previous close of Rs 98,900 per 10 grams.Local bullion markets remained closed on Friday as traders observed a protest against the terror attack in Pahalgam, Jammu and Kashmir. Chintan Mehta, chief executive officer of Abans Financial Services, said "Gold prices continued to decline as easing US-China trade tensions boosted investors' risk appetite, reducing demand for […]