Tue, Jan 7, 2025 12:52 PM
Rishen Kapoor rejoins Peak XV after returning investors capital
A Flip by Swapnil Tiwari
India slashes November gold import estimates by📌 $5 billion, correcting a record-high preliminary calculation of📌 $14.8 billion to $9.84 billion, reducing the trade deficit by a similar amount. India spent a record📌 $47 billion on gold imports in the first 11 months of 2024, driven by increased demand during the festival and wedding season.
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Arnaav Fashions share price reached a one-year high of ₹70.10 on Wednesday, surging 3.90% intraday, after the company secured a ₹17.25 crore term loan to implement its expansion and modernization plan, which is expected to increase production capacity and reduce energy cost. Arnaav Fashions share price has gained nearly 1.22 per cent in the last one year and over 49 per cent in the last six month.
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Adani Group Chairman Gautam Adani has found support from US Congressman Lance Gooden over the alleged bribery scandal, for which he was indicted in the US along with other officials of the conglomerate in November 2024. In a letter written to US Attorney General Merrick Garland, Gooden criticised Biden Administration's decision to investigate Adani, saying that this might damage US-India relation.
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