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Gold firms on sluggish dollar ahead of US jobs data

Updated at : 2021-09-03 09:20:02

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Spot gold rose 0.1% to $1,811.79 per ounce by 0115 GMT, but was headed for its first weekly decline in four. US gold futures gained 0.2% to $1,814.80.

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Investors shouldn’t worry about surprise losses and can keep their positions for now, as record low rates and an abundance of cash should help eke out more profit in coming quarters, Ashish Parthasarathy, treasurer at HDFC Bank Ltd., the country’s biggest lender by market value, said in an interview.

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Eicher Motors Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 74722.52 Crore) operating in Auto sector.

Reddit seeks to hire advisers for US IPO: Sources

Updated at : 2021-09-03 09:20:02

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Reddit was valued at $10 billion in a private fundraising round last month. By the time the IPO takes place early next year, Reddit hopes it will be valued at more than $15 billion, one of the sources said.

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As many as 135 stocks on the index are down more than 20 per cent from their 52-week highs, and need up to 210 per cent rally to revisit their recent peaks. Half a dozen stocks are trading 50-67 per cent below their peaks, which indicates that they need a 100-200 per cent rally to regain their recent highs.

“We have made some changes to the portfolio which has become a lot more broad-based as we believe that the current times are about a broad-based economic growth rather than just one or two pockets of growth as was the case a few years back.”

Airtel will come out with a campaign for users who want to buy 5G handsets informing them about various checks of their particular handsets to make sure the handset works well in India across not just 5G but various other bands and carrier aggregation. "This is important when you choose a 5G handset to get the best experience,” Bharti Airtel’s chief technology officer Randeep Sekhon said.

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Cryptocurrencies will be treated as an asset/commodity for all purposes, including taxation and as per user case — payments, investment or utility.

If you want to get to scale, you are better off joining forces and doing an M&A, says Bob van Dijk

India in talks with Rosneft for Vostok stake

Updated at : 2021-09-03 08:20:01

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Rosneft CEO Igor Sechin met Indian oil minister Hardeep Singh Puri, who is in Russia for an economic forum, and discussed the Vostok Oil project.

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