Tue, Feb 27, 2024 2:35 PM
NPS scheme: Why National Pension System does not invest in mid-cap!
A Flip by Avya Verma
The recent dip in MCX gold rates has left investors contemplating the right move as the wedding season approaches. On November 15, gold futures on the Multi Commodity Exchange (MCX) fell by ₹870, settling at ₹73,612 per 10 grams, marking a significant decline from the record high of ₹79,535 set on October 30. This drop of almost ₹6,000 has been fueled by global headwinds.
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NBCC (India) in its earnings call revealed that the company's current consolidated order book stands at around ₹84,400 crore. This is a 4% increase from the ₹81,000 crore order book posted at the end of the June quarter and a 31% jump from the ₹64,000 crore order book posted at the end of the March quarter. Of this, 55% is attributed to project management consultancy (PMC) services.
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Trump Media & Technology Group’s key shareholder, ARC Global Investments, has unloaded nearly all its stake in the media company, it said in a regulatory filing on Thursday. ARC Global Investments has sold nearly all its stake, reducing its holding to 0.01% from over 5% or 11 million shares in September, leaving U.S. President-elect Donald Trump with a nearly 53% stake in the company.
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