Gold prices drop amid weak global cues: Should you invest now?

Globally, gold futures saw a 0.32% decrease, trading at $2,634.11 per ounce in New York.

Globally, gold futures saw a 0.32% decrease, trading at $2,634.11 per ounce in New York.

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The $3 billion IPO will open for subscriptions for big institutional investors on Oct. 14, and invite bids from retail and other categories during Oct. 15-17, said three sources with direct knowledge, who declined to be named as the discussions…

Mahindra & Mahindra shares jumped more than 3% after CLSA upgraded its rating to ‘outperform’ from ‘sell’. The brokerage cited strong SUV segment growth, improved return on equity, and upcoming EV launches as key drivers for the stock’s re-rating.

Transformers and Rectifiers Q2 Results | At 2.30 PM IST, the shares of Transformers and Rectifiers (India) Ltd were trading at Rs 672.15, up 5.00% on BSE Sensex.

Paytm’s shares had declined to their all-time low of ₹310 after the Reserve Bank of India had imposed restrictions on its Payments Bank in February, triggering a sharp sell-off in the stock.

Nuvama has a bull case price target of ₹740, which factors in 11% margin by FY27E with a 30% compound annual growth rate (CAGR) in operating income (OI) and a similar target multiple vis-a-vis the base case.

This will release shares valued at $18.8 billion into the market between October 8, 2024, and December 31, 2024.

Apart from the Abu Dhabi Investment Authority, BNP Paribas Financial Markets, BNP Paribas Financial Markets, Canara HSBC Life Insurance, BofA Securities among other funds have been allotted shares as part of the QIP.

SpiceJet is set to expand its fleet by November, adding ten aircraft—seven on lease and three reintroduced planes. The move comes as part of the airline’s strategic growth, with phased inductions beginning on October 10.