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Gold prices retreated from all-time level in the national capital on Monday, with the precious metal declining Rs 1,200 to Rs 88,200 per 10 grams due to emergence of fresh selling from stockists and retailers. According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity had soared Rs 1,300 to hit an all-time high of Rs 89,400 per 10 grams on Friday.

CIEL HR Services gets Sebi's go ahead to float IPO

Updated at : 2025-02-17 18:25:01

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CIEL HR Services Ltd, which provides technology-driven human resources solutions, has received Sebi s go ahead to raise funds through an initial public offering (IPO), an update with the markets regulator showed on Monday. The proposed IPO is a combination of fresh issue of equity shares worth Rs 335 crore and an offer for sale (OFS) of 47.4 lakh shares by promoters and other selling shareholders, according to the draft red herring prospectus (DRHP).

To bring more transparency, markets watchdog Sebi has specified a new procedure for making regulations, mandating public consultation and for engagement of stakeholders for modifying norms. In a gazette notification, the regulator has notified Sebi (Procedure for making, amending, and reviewing of regulations) Regulations, 2025.

IPO-bound NSDL Q3 profit jumps 30% to Rs 86 crore

Updated at : 2025-02-17 17:20:02

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NSDL on Monday reported a 30 per cent rise in its consolidated net profit to Rs 85.8 crore for three months ended December 2024. The depository registered a Rs 66.09 crore profit in the year-ago period.

Earnings were muted amid weak demand, tight liquidity, and lower government spending. Growth lagged, but fairer valuations hint at a market bottom.

Indian benchmark indices closed nearly unchanged on Monday, with the Sensex rebounding 702 points from its intraday low to settle marginally higher at 75,997.81.

VS Mani, CFO of Glenmark Pharma, discusses the company s strong performance in FY25 with an average of Rs 1,100 crore per quarter. Challenges in the acute respiratory business are acknowledged. Amid five observations from a USFDA inspection of their Indore facility, Mani insists there are no data integrity issues and focuses on resolving them.

Kiyosaki’s first money rule challenges conventional wealth-building: “The rich do not work for money,” he wrote. With job losses rising in 2025, he stresses that the wealthy create jobs and assets. Rich Dad Poor Dad argues that relying on a paycheck makes individuals vulnerable, urging them to build wealth through businesses that generate passive income.

European stocks climb on defense boost

Updated at : 2025-02-17 15:25:02

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European shares rose on Monday, led by defence stocks, as the region s top political leaders called for an emergency summit on the Ukraine war amid growing U.S. calls to boost military spending for security.

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