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The fourth tranche of SGB in this financial year is available for subscription from February 12 to 16. Investors will have to pay ₹6,213 per gram of gold after a discount of ₹50 per gram for digital payments. This is ₹64 per gram higher than the price during the third tranche they paid in December 2023 (₹6,149).

​Nifty had resisted twice around 22,127 and is yet to surpass that hurdle where a trend reversal candlestick pattern was formed. The index has not yet negated the pattern, and negative RSI divergence is also visible in the midcap Index.

Oil and Natural Gas Corporation Ltd (ONGC) reported a 9.9% year-on-year (YoY) decline in consolidated net profit for the quarter ended December 2023 to Rs 10,356 crore.

The scheme of amalgamation between TRF and Tata Steel, announced in 2022, was seen unfavourable for shareholders of TRF. "The swap ratio announced at the time of the merger was not very beneficial for the minority shareholders and the shares had seen a correction then...so this is a reversal of that," said Amit Kumar Gupta, founder of Fintrekk Capital.

RIL Group to hold direct stake as well, invest up to $1.5 bn cash; new merged co to be arm of Viacom 18. Reliance executives are also working on a three-year capital allocation programme for all businesses to be presented shortly to the board. The proposal, as of now, is to create a step-down subsidiary of Viacom18 Media, which will absorb Star India via a stock swap, they said. Both businesses are being treated as similar-sized ones, valued at $4-5 billion each, so RIL will be paying cash for controlling stake.

Shark Tank fame and Executive Director of Emcure Pharmaceuticals, Namita Thapar said at the ET NOW Global Business Summit 2024 on February 10 that the company plans to go public within three months.

Indian markets pared losses from the previous sessions and closed higher on Friday. The S&P BSE Sensex rose 167 points while the Nifty50 closed above 21,700 levels.