Gold price falls below ₹1.42 lakh per 10 grams on MCX; silver extends losses

Gold, silver prices fall on weak US inflation data, Mideast tensions. MCX gold down 0.69%, silver also drops.

Gold, silver prices fall on weak US inflation data, Mideast tensions. MCX gold down 0.69%, silver also drops.

NSE and Augmont Enterprises collaborate to develop India’s Electronic Gold Receipts (EGR) ecosystem, aiming to boost liquidity and participation in the dematerialised gold trading market.

Steel Strips Wheels shares jumped over 12% after the company reported a strong June-quarter performance, with profit rising 47% and revenue growing 27% year-on-year.

HSBC believes Pidilite’s durable competitive advantages provide greater earnings visibility and sustainable growth, justifying a valuation premium over peers in the consumer staples and building materials sectors.

ICICI Prudential Life reports strong Q1 FY27 growth: NBP up 21.3%, VNB rises 24.9%, VNB margin improves to 26.7%.

The joint development agreement marks the company’s first residential project in South Mumbai and its eighth in Mumbai, extending its asset-light expansion strategy while making the Parel development its largest project outside the Thane land parcel.
ASML raised its annual sales forecast due to surging AI spending. The company, crucial for advanced chip production, saw strong demand and Intel Corp. began using its High NA machine.

SBI Funds Management IPO had been subscribed 1.13 times so far. The NII portion was booked 2.56 times, while the retail investor quota was subscribed 0.95 times. The qualified institutional buyers (QIB) segment saw a subscription of 0.08 times.

Among large shareholders, Life Insurance Corporation of India (LIC) holds over 9% stake, while GQG Partners has a 2.89% stake in Patanjali Foods as on June 30. In fact, over the last five quarters, GQG Partners’ stake in Patanjali Foods…

The speciality chemicals maker said the proposed engagement is for potential cumulative revenue of approximately ₹2,885 crore ($300 million) over a period of up to 10 years.