Thu, Feb 1, 2024 1:06 PM
Defence stocks mixed as FM makes no big announcements in budget
A Flip by Shubhangi Gupta
India’s November crude imports showed Middle Eastern oil at a 9-month high while Russia accounted for its smallest share in three quarters, ship tracking data obtained from sources showed. Refiners in India have been gorging on cheaper Russian oil despite problems posed by sanctions aimed at reducing Moscow’s oil revenue to fund its war in Ukraine.
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📌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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