Business
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Global Gold Prices Recover Slightly After Steep Weekly Decline
Gold Prices Today: 24-Carat Gold Dips by ₹10 in Early Monday Trade The price of 24-carat gold experienced a marginal drop of ₹10 on Monday morning, bringing the cost of ten grams to ₹75,640, according to the GoodReturns website. Similarly, silver prices saw a decline of ₹100, with one kilogram trading at ₹89,400. For 22-carat gold, the price also fell…
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New Partnership: Shriram General Insurance Teams Up with Muthoot for Digital Policy Sales
Shriram General Insurance has partnered with Muthoot Securities Ltd, the wealth management arm of The Muthoot Group, to offer its insurance products digitally, the company announced on Tuesday. Through this collaboration, customers of Muthoot Securities Ltd will have access to Shriram General Insurance’s range of policies via digital channels. During a recent event, Shriram General Insurance’s Executive Director and Chief…
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October 2024: Indian Mutual Funds Attract a Whopping Rs 2.4 Lakh Crore Inflows
The Association of Mutual Funds in India (AMFI) has reported that monthly inflows into mutual fund Systematic Investment Plans (SIPs) breached the Rs 25,000 crore threshold for the first time in October 2024. SIP contributions for the month surged to Rs 25,323 crore, marking an all-time high compared to Rs 24,509 crore in September 2024. A year ago, in October…
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Zinka Logistics’ BlackBuck IPO Opens Next Week: Here’s What You Need to Know
BlackBuck, operated by Zinka Logistics Solution, is set to launch its IPO on November 13 with a target of raising ₹1,114.72 crore. The offering will include both fresh shares and an offer for sale. A total of 2.01 crore fresh shares will be issued, contributing ₹550 crore, while an offer for sale of 2.07 crore shares will raise an additional…
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NTPC Green Energy Eyes $12 Billion Valuation in Upcoming IPO
The wait for NTPC Green Energy Ltd. (NGEL)’s IPO may soon be over, as reports suggest that the state-run NTPC’s clean energy arm could launch its highly anticipated initial public offering (IPO) as early as next week. According to a Bloomberg report citing sources familiar with the plans, NGEL is seeking a valuation close to $12 billion for the offering,…
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CRED Expands Insurance Offerings with Acko Partnership on CRED Garage
CRED has expanded its vehicle management platform, CRED Garage, by partnering with Acko Insurance, marking its fourth insurance collaboration alongside Zurich Kotak, Go Digit, and ICICI Lombard. CRED Garage, launched in 2022, allows users to manage vehicle expenses, track renewals, and monitor documents. The platform now includes services like vehicle pick-up for claims and discounts for high-credit-score users, rewarding responsible…
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Crypto Boom! Dogecoin Jumps 25% as Bitcoin Surpasses $87,000!
The price of bitcoin and other cryptocurrencies surged on Monday, continuing a rally that began last week following the reelection of former President Donald Trump. Bitcoin rose nearly 11%, surpassing $87,000 for the first time, setting a new record. Ether, the second-largest cryptocurrency, gained 5.5%, while lesser-known coins like Litecoin and Dogecoin saw significant increases, with Dogecoin jumping nearly 25%.…
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Niva Bupa Health Insurance IPO Allotment Today: Subscription Results and GMP Trends
The basis for allotment of Niva Bupa Health Insurance IPO shares is set to be finalized today, November 12, 2024. The company’s Rs 2,200 crore public offering, which was available at a price range of Rs 70-74, closed for subscription on November 11, 2024. The IPO saw a relatively tepid response from investors, with bids placed for 31.13 crore shares,…
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Vistara’s Final Flight Marks End of an Era as Airline Merges with Air India
As the last boarding announcements filled the air at Kempegowda International Airport in Bengaluru, travelers on Vistara’s final flight took their seats, surrounded by the airline’s signature aubergine interiors. With a sentimental tone, Captain Adarsh Mohan informed passengers that this would be his final flight under the Vistara name, symbolizing the end of the airline’s independent operations as it officially…
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Gold and Silver Prices Drop Amid Wedding Season Surge, Bringing Relief to Buyers
Bengaluru, November 12: The continuous decline in gold and silver prices has persisted. Prices of both metals have dropped again today, Tuesday. Over the past 10 days, the price of silver has reduced by more than ₹4 per gram, while the price of gold has decreased by ₹155 per gram. The price of pure gold has fallen below ₹7,900 per…
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