Mon, Apr 22, 2024 11:02 AM
Aditya Birla Fashion and Retail gains on board nod to Madura demerger
A Flip by Shubhangi Gupta
📌Gold extended gains on Monday after a softer-than-expected U.S. inflation reading revived hopes for further monetary policy easing by Federal Reserve in the coming year. 📌Spot gold gained 0.4% to $2,631.89 per ounce by 0734 GMT, rising for a third straight session after bullion prices hit their lowest since Nov. 18 on Wednesday on a hawkish Fed. 📌U.S. gold futures eased 0.1% to $2,645.80.
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TVS Emerald has bought a 12-acre land to develop a real estate projects worth about Rs 2,800 crore. The company did not disclose the cost of the acquisition of the land, which is located on Radial Road (PTR) in Chennai. The land will have a development potential of 2.5 million square feet and a revenue potential of Rs 2,800 crore, the company said in a statement.
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Anurag Singh predicts a 20% correction in the Nifty 500 index, citing overvaluation driven by domestic liquidity, and expects it to fall to 18,000-19,000 levels. He believes the Nifty 50 is fairly valued, and remains optimistic about India's broader market potential, calling it the best game in town outside of the US.
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