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Gold inches higher, but faces worst month in seven

Updated at : 2022-04-29 09:20:01

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Gold prices edged higher on Friday as lower U.S Treasury yields outweighed pressure from an elevated dollar, but bullion was still headed for its biggest monthly drop since September on fears of aggressive interest rate hikes by the Federal Reserve.

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Elon Musk said in a tweet that there are "no further TSLA sales planned after today."

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Wipro, IndusInd Bank, Maruti Suzuki, SBI Card, UltraTech Cement, Star Health, Supreme Industries, Tata Chemicals and L&T Finance are some of the companies that are scheduled to announce their March quarter results today.

The bench led by Justice PN Deshmukh and Shyam Babu Gautam, while allowing time for the company to file a response, adjourned the case for further hearing to May 12. Before that, Ravi Kadam senior advocate appearing for the lender, argued that since the vacation is approaching, the tribunal should allow the lender one hearing before that.

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In a rare instance, the National Company Law Tribunal heard and admitted a case for insolvency same day the lender, Omkara Asset Reconstruction Company applied.

Cabinet secretary Rajiv Gauba has called a meeting on Friday of secretaries from 12 key ministries to discuss their detailed roadmap with clear timelines for monetising assets such as power lines, gas pipelines, roads, and railway assets among others.

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The option was proposed by some of the participants at the roadshows who were of the view that an all-cash offer for the bank would work out to be too costly.

Robinhood said on Tuesday it was laying off about 9% of its full-time employees, adding rapid headcount growth had led to some duplicate roles and job functions.

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Shares of Hindustan Unilever gained 3.03 per cent to Rs 2,209.30. The FMCG major reported a 5.34 per cent increase in its consolidated net profit to Rs 2,307 crore for the fourth quarter.

Momentum indicator Moving Average Convergence Divergence (MACD) showed a bullish trade setup on the counters of Schaeffler India, Balkrishna Industries, KPR Mill, Quess Corp Nazara Technologies and Bajaj Auto.

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