Thu, Dec 26, 2024 9:32 PM
Brazil’s real rises after intervention, broader Latam FX steady
A Flip by Shubhangi Gupta
Gold prices were stuck in a tight range on Friday after rising to their highest in a week in the previous session as geopolitical tensions supported safe-haven demand and led the metal to be on track for a small weekly gain. Spot gold was little changed at $2,635.83 per ounce, as of 0622 GMT, trading in a narrow $8 range.
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Indian shares are expected to extend their lackluster performance, with Nifty futures indicating a subdued opening, due to thin volumes and foreign fund selling, although a potential reduction in individual income tax may provide some support. Indian shares are expected to extend their lackluster performance, with Nifty futures indicating a subdued opening, due to thin volumes and foreign fund.
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Cantabil Retail India Ltd faced setbacks after 2010 but rebounded with strategic restructuring. Now debt-free, it targets ₹1,000 crore in sales by FY27, expanding its store presence, boosting margins, and leveraging e-commerce. The recession after the 2008 global financial crisis severely impacted businesses worldwide. Companies with minimal debt managed to survive.
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