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Gold consolidates as US inflation surges

Updated at : 2021-11-11 08:20:01

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Gold prices were flat on Thursday after a surge in U.S. consumer prices drove the metal, seen as an inflation hedge, to a five-month peak in the previous session. Spot gold was little changed at $1,850.00 per ounce by 0100 GMT, after hitting its highest since June 15 on Wednesday.

Tata Steel, Godrej CP, PEL, Balkrishna Industries, Astral, HAL, PGHH, Paige Industries, NMDC, Power Finance Corp, NHPC and Zee Entertainment are among the companies that will announce their September quarter results today.

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“Road projects are one of the few infrastructure asset classes which have bounced back strongly in a very short time. Pension funds and other sovereign wealth funds are keen to participate in road InvITs,” said Rajeshwar Burla, group head, corporate ratings, ICRA.

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In as many as 12 large insolvency resolutions where strategic investors were involved, lenders could recover nearly 50% on average, while recovery has been far less at around 12% when financial investors bought distressed companies, people familiar with the matter said.

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In its filing, Tesla said Elon Musk sold shares on Monday to satisfy tax withholding obligations related to exercising stock options to purchase 2,154,572 shares.

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Turnover rose to Rs 3,678.76 crore from Rs 2,281.12 crore.

Its consolidated revenue from operations during July-September 2021 fell to Rs 357.49 crore, against Rs 372.63 crore in the year-ago quarter, it added.

In another transaction, the NSE sold 158,000 shares of Dolfin Rubbers at Rs. 52.6 apiece through a bulk deal on the BSE.

Starting 2019, TPG Growth has made a cumulative investment of Rs 191 crore in Nykaa at an entry price of Rs 118/share, as part of the beauty e-tailer’s Series E round of capital raise. Upon listing, Nykaa or FSN Ecommerce Ltd shares opened at Rs 2,001 apiece and closed the day at Rs 2,206/share, with a market capitalization of Rs 1.04 lakh crore.

MOIL Q2 profit grows manifold to Rs 60 cr

Updated at : 2021-11-11 01:20:01

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Total income of the company was marginally up at Rs 334.10 crore in July-September 2021 against Rs 333.20 crore in the same quarter a year ago, according to a regulatory filing.

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