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Goldman Sachs has set a target price of Rs 500 per share for ITC Ltd. following the company's recent demerger, citing strong potential for profitability growth and the expansion of its consumer business. The brokerage firm highlighted a steady recovery in the cigarette business, predicting healthy earnings growth from fiscal 2023-25. The target represents an upside of 13% from the stock's previous close.
ITC shares saw a nearly 6% adjustment in a special pre-open session on
Goldman Sachs has set a target price of Rs 500 per share for ITC Ltd. following the company's recent demerger, citing strong potential for profitability growth and the expansion of its consumer business. The brokerage firm highlighted a steady recovery in the cigarette business, predicting healthy earnings growth from fiscal 2023-25. The target represents an upside of 13% from the stock's previous close.
ITC shares saw a nearly 6% adjustment in a special pre-open session on
The sporting year of 2024 felt as though it was scripted by a suspense writer with a flair for unpredictability. Major events were marked by false leads and dramatic twists, leaving punters disappointed, pundits confounded, and fans anxiously biting their nails.
Nothing unfolded as expected. It was a year where emotions ran high—joy and heartbreak ambushed fans like sly muggers in the shadows. For Indian sports, August 13 during the Paris Olympics was particularly unforgettabl
The sporting year of 2024 felt as though it was scripted by a suspense writer with a flair for unpredictability. Major events were marked by false leads and dramatic twists, leaving punters disappointed, pundits confounded, and fans anxiously biting their nails.
Nothing unfolded as expected. It was a year where emotions ran high—joy and heartbreak ambushed fans like sly muggers in the shadows. For Indian sports, August 13 during the Paris Olympics was particularly unforgettabl
D Gukesh, the 18-year-old chess prodigy, has been receiving love and praise from all over, including celebrities like Rajinikanth and Sivakarthikeyan. After making history by defeating China's Ding Liren in the FIDE World Championship match held in Singapore, Gukesh met with Rajinikanth and Sivakarthikeyan in Chennai.
Rajinikanth gifted Gukesh a shawl and a book, Paramahansa Yogananda'
D Gukesh, the 18-year-old chess prodigy, has been receiving love and praise from all over, including celebrities like Rajinikanth and Sivakarthikeyan. After making history by defeating China's Ding Liren in the FIDE World Championship match held in Singapore, Gukesh met with Rajinikanth and Sivakarthikeyan in Chennai.
Rajinikanth gifted Gukesh a shawl and a book, Paramahansa Yogananda'
Day 1 of the Boxing Day Test saw a riveting contest between bat and ball. Teen debutant Sam Konstas stunned India's bowling attack, particularly Jasprit Bumrah, with an aggressive 60 off 65 balls, including innovative strokes like reverse scoops and lofted drives. His fearless innings gave Australia a strong start, allowing Usman Khawaja and Marnus Labuschagne to consolidate.
India's bowlers, including Bumrah and Siraj, initially struggled but found rhythm post-lunch. Bumr
Day 1 of the Boxing Day Test saw a riveting contest between bat and ball. Teen debutant Sam Konstas stunned India's bowling attack, particularly Jasprit Bumrah, with an aggressive 60 off 65 balls, including innovative strokes like reverse scoops and lofted drives. His fearless innings gave Australia a strong start, allowing Usman Khawaja and Marnus Labuschagne to consolidate.
India's bowlers, including Bumrah and Siraj, initially struggled but found rhythm post-lunch. Bumr
In 2024, the wedding industry in India has seen a resurgence in spending after the lull caused by the pandemic, with metropolitan cities driving a significant increase in demand for wedding services. Wedding budgets have grown by 6.7%, with the average expenditure reaching Rs 35.6 lakh. As wedding costs rise, so has the demand for gold and jewelry, especially due to the soaring prices of gold, which have increased from Rs 63,500 to Rs 80,000 per 10 grams.
Destination weddings, which
In 2024, the wedding industry in India has seen a resurgence in spending after the lull caused by the pandemic, with metropolitan cities driving a significant increase in demand for wedding services. Wedding budgets have grown by 6.7%, with the average expenditure reaching Rs 35.6 lakh. As wedding costs rise, so has the demand for gold and jewelry, especially due to the soaring prices of gold, which have increased from Rs 63,500 to Rs 80,000 per 10 grams.
Destination weddings, which
At Chennai Airport, an Air India cabin crew member was arrested for helping a passenger smuggle 1.7 kg of gold. The incident occurred when the flight from Dubai landed on Sunday. Customs officials intercepted the passenger and the crew member after the passenger admitted to handing over the gold during the flight. Upon searching the crew member, officials found the gold concealed in the undergarments, l
At Chennai Airport, an Air India cabin crew member was arrested for helping a passenger smuggle 1.7 kg of gold. The incident occurred when the flight from Dubai landed on Sunday. Customs officials intercepted the passenger and the crew member after the passenger admitted to handing over the gold during the flight. Upon searching the crew member, officials found the gold concealed in the undergarments, l
As of 6:50 a.m. today, gold prices stood at Rs 77,170 per 10 grams, according to the India Bullion Association. This represents a slight dip from the highs seen on Monday when prices had briefly climbed after falling from Rs 79,100 on Friday. The price of gold had reached its highest level for the month on December 11 before experiencing a drop of over Rs 1,000 on Monday. Compared to November's peak of Rs 78,060 on Nov. 23, the current price of gold reflects the ongoing volatility in the
As of 6:50 a.m. today, gold prices stood at Rs 77,170 per 10 grams, according to the India Bullion Association. This represents a slight dip from the highs seen on Monday when prices had briefly climbed after falling from Rs 79,100 on Friday. The price of gold had reached its highest level for the month on December 11 before experiencing a drop of over Rs 1,000 on Monday. Compared to November's peak of Rs 78,060 on Nov. 23, the current price of gold reflects the ongoing volatility in the
Gold has experienced a remarkable rise in 2024, reaching 40 new record highs year-to-date and appreciating by over 28%. According to the World Gold Council (WGC), this surge has made gold the best-performing asset class globally, surpassing US stocks, emerging market stocks, US bonds, and even US currency. In the third quarter of 2024, gold demand exceeded $100 billion for the first time, showcasing its robust market position.
Looking ahead to 2025, the direction of the US Federal R
Gold has experienced a remarkable rise in 2024, reaching 40 new record highs year-to-date and appreciating by over 28%. According to the World Gold Council (WGC), this surge has made gold the best-performing asset class globally, surpassing US stocks, emerging market stocks, US bonds, and even US currency. In the third quarter of 2024, gold demand exceeded $100 billion for the first time, showcasing its robust market position.
Looking ahead to 2025, the direction of the US Federal R
The Coin’s Significance and Auction Details: A remarkable piece of history, the Roman gold aureus bearing the image of Marcus Junius Brutus, one of the assassins of Julius Caesar, is set to be auctioned in Geneva on Monday. This rare coin is expected to fetch over a million Swiss francs, with the starting bid set at 750,000 francs (approximately $852,000). Considered a numismatic treasure, the coi
The Coin’s Significance and Auction Details: A remarkable piece of history, the Roman gold aureus bearing the image of Marcus Junius Brutus, one of the assassins of Julius Caesar, is set to be auctioned in Geneva on Monday. This rare coin is expected to fetch over a million Swiss francs, with the starting bid set at 750,000 francs (approximately $852,000). Considered a numismatic treasure, the coi
As of 7:10 a.m. today, gold is priced at Rs 76,520 per 10 grams, according to the India Bullion Association. The commodity's price recently crossed the Rs 77,000 mark but has since fluctuated. On December 2, it had dipped to Rs 76,680, reflecting the volatility in gold prices over the past month. This decline follows a period of lower demand post-festivities, with prices peaking at Rs 81,500 in October due to festive demand, before slipping below Rs 74,390 in November.
Global fa
As of 7:10 a.m. today, gold is priced at Rs 76,520 per 10 grams, according to the India Bullion Association. The commodity's price recently crossed the Rs 77,000 mark but has since fluctuated. On December 2, it had dipped to Rs 76,680, reflecting the volatility in gold prices over the past month. This decline follows a period of lower demand post-festivities, with prices peaking at Rs 81,500 in October due to festive demand, before slipping below Rs 74,390 in November.
Global fa
In October 2024, the Reserve Bank of India (RBI) made a significant move by adding 27 tonnes of gold to its reserves, bringing its total gold purchases for the year to 78 tonnes. This marks the highest level of purchases since 2009, when India acquired 200 tonnes from the International Monetary Fund (IMF). The RBI's total gold reserves now stand at 882 tonnes. In comparison, India had bought only 16 tonnes of gold in 2023.
The RBI's gold purchase comes amid global economic i
In October 2024, the Reserve Bank of India (RBI) made a significant move by adding 27 tonnes of gold to its reserves, bringing its total gold purchases for the year to 78 tonnes. This marks the highest level of purchases since 2009, when India acquired 200 tonnes from the International Monetary Fund (IMF). The RBI's total gold reserves now stand at 882 tonnes. In comparison, India had bought only 16 tonnes of gold in 2023.
The RBI's gold purchase comes amid global economic i
In a dominant performance at the U19 Asia Cup 2024, India secured their spot in the semi-finals with a resounding 10-wicket victory over the UAE in their final group match in Sharjah. Chasing a modest target of 137, India sailed through to the target in just 16.1 overs, thanks to an unbroken 143-run partnership between Vaibhav Suryavanshi (76*) and Ayush Mhatre (67*). Earlier, UAE, who opted to bat first, were bowled out for just 137, with six overs to spare. Muhammad Rayan was the top
In a dominant performance at the U19 Asia Cup 2024, India secured their spot in the semi-finals with a resounding 10-wicket victory over the UAE in their final group match in Sharjah. Chasing a modest target of 137, India sailed through to the target in just 16.1 overs, thanks to an unbroken 143-run partnership between Vaibhav Suryavanshi (76*) and Ayush Mhatre (67*). Earlier, UAE, who opted to bat first, were bowled out for just 137, with six overs to spare. Muhammad Rayan was the top
This morning, an attempted assassination of Akali Dal chief Sukhbir Singh Badal took place at the Golden Temple, but quick action by security personnel prevented any harm. Badal, who was performing sewadar duties after being punished by Akal Takht for mistakes during the Akali Dal's tenure, was approached by a man identified as Narain Singh. Singh, who had concealed a firearm in his pocket, tried to shoot Badal but was stopped just in time.
Alert sewadar personnel noticed the sh
This morning, an attempted assassination of Akali Dal chief Sukhbir Singh Badal took place at the Golden Temple, but quick action by security personnel prevented any harm. Badal, who was performing sewadar duties after being punished by Akal Takht for mistakes during the Akali Dal's tenure, was approached by a man identified as Narain Singh. Singh, who had concealed a firearm in his pocket, tried to shoot Badal but was stopped just in time.
Alert sewadar personnel noticed the sh
Gold prices stood at Rs 76,140 as of 7:00 a.m., according to the India Bullion Association, marking a slight recovery of Rs 720 from the previous day's decline. November has seen significant volatility in gold prices, with a sharp drop following the festive season, followed by a rebound driven by geopolitical conflicts.
The price chart for gold has been fluctuating throughout November. Initially, demand during the festive season led to a rally, pushing prices to Rs 81,500. Howev
Gold prices stood at Rs 76,140 as of 7:00 a.m., according to the India Bullion Association, marking a slight recovery of Rs 720 from the previous day's decline. November has seen significant volatility in gold prices, with a sharp drop following the festive season, followed by a rebound driven by geopolitical conflicts.
The price chart for gold has been fluctuating throughout November. Initially, demand during the festive season led to a rally, pushing prices to Rs 81,500. Howev
Gold prices have dropped to Rs 75,420 as of 7:00 a.m. today, according to the India Bullion Association. This marks a decline after gold reached a high of Rs 78,000 on November 23. The yellow metal has experienced significant price volatility, largely driven by global market factors such as the US election results and geopolitical conflicts, which have directly impacted gold rates worldwide.
After a brief rally during the festive season, which saw gold prices climb to Rs 81,500 in N
Gold prices have dropped to Rs 75,420 as of 7:00 a.m. today, according to the India Bullion Association. This marks a decline after gold reached a high of Rs 78,000 on November 23. The yellow metal has experienced significant price volatility, largely driven by global market factors such as the US election results and geopolitical conflicts, which have directly impacted gold rates worldwide.
After a brief rally during the festive season, which saw gold prices climb to Rs 81,500 in N
Imane Khelif, the Algerian boxer who captured international attention with her Olympic gold at the Paris 2024 Games, is taking legal action against media outlets that published reports on her medical records. These reports, which leaked Khelif's alleged XY chromosomes, reignited a gender controversy that followed her victory over Italy’s Angela Carini in the opening round of the boxing tournament. Khelif’s quick and decisive victory in just 46 seconds, which left Carini injure
Imane Khelif, the Algerian boxer who captured international attention with her Olympic gold at the Paris 2024 Games, is taking legal action against media outlets that published reports on her medical records. These reports, which leaked Khelif's alleged XY chromosomes, reignited a gender controversy that followed her victory over Italy’s Angela Carini in the opening round of the boxing tournament. Khelif’s quick and decisive victory in just 46 seconds, which left Carini injure
Gold prices have been on a downward trend since the US presidential election, with December future contracts opening lower on MCX. The price of gold fell by 0.37% to Rs 76,369 per 10 grams, while silver prices also dropped by 0.24% to Rs 90,601 per kg. In the last two days, gold prices have plummeted by Rs 2,100 per 10 grams and silver prices by Rs 4,050 per kg.
According to the India Bullion and Jewellers Association Ltd (IBJA), the current prices for different carats of gold are a
Gold prices have been on a downward trend since the US presidential election, with December future contracts opening lower on MCX. The price of gold fell by 0.37% to Rs 76,369 per 10 grams, while silver prices also dropped by 0.24% to Rs 90,601 per kg. In the last two days, gold prices have plummeted by Rs 2,100 per 10 grams and silver prices by Rs 4,050 per kg.
According to the India Bullion and Jewellers Association Ltd (IBJA), the current prices for different carats of gold are a
The Reserve Bank of India (RBI) has reported an increase in its gold reserves, which now stand at 854.73 metric tonnes as of September 2024, up from 822.10 metric tonnes in March 2024. According to the half-yearly report on the management of foreign exchange reserves released on Tuesday, this increase indicates a strategic shift by the central bank amid rising geopolitical tensions, persistent inflation, and a stable interest rate environment.
Out of the total gold reserves, 510.46
The Reserve Bank of India (RBI) has reported an increase in its gold reserves, which now stand at 854.73 metric tonnes as of September 2024, up from 822.10 metric tonnes in March 2024. According to the half-yearly report on the management of foreign exchange reserves released on Tuesday, this increase indicates a strategic shift by the central bank amid rising geopolitical tensions, persistent inflation, and a stable interest rate environment.
Out of the total gold reserves, 510.46
On Tuesday, gold prices saw a significant rise, increasing by ₹300 to reach ₹81,400 per 10 grams in the national capital. This surge is attributed to the heavy demand from jewellers and retailers ahead of Dhanteras, a festival known for its traditional gold purchases, as reported by the All India Sarafa Association.
Silver also experienced a boost, climbing by ₹200 to ₹99,700 per kg, driven by rising demand from industrial units and coin makers. The previous day, silver was
On Tuesday, gold prices saw a significant rise, increasing by ₹300 to reach ₹81,400 per 10 grams in the national capital. This surge is attributed to the heavy demand from jewellers and retailers ahead of Dhanteras, a festival known for its traditional gold purchases, as reported by the All India Sarafa Association.
Silver also experienced a boost, climbing by ₹200 to ₹99,700 per kg, driven by rising demand from industrial units and coin makers. The previous day, silver was
With the festive season fast approaching, particularly the auspicious occasion of Dhanteras, gold and silver prices in India are showing notable fluctuations. As of Friday, gold is trading at ₹78,060 per 10 grams, according to the India Bullion and Jewellers Association Ltd (IBJA). This slight dip occurs as both metals hover near their all-time highs, spurred by traditional demand during this significant buying period.
Dhanteras and its Significance: Dhanteras mar
With the festive season fast approaching, particularly the auspicious occasion of Dhanteras, gold and silver prices in India are showing notable fluctuations. As of Friday, gold is trading at ₹78,060 per 10 grams, according to the India Bullion and Jewellers Association Ltd (IBJA). This slight dip occurs as both metals hover near their all-time highs, spurred by traditional demand during this significant buying period.
Dhanteras and its Significance: Dhanteras mar
