Tue, Jul 13, 2021 5:03 PM
Y Combinator led UrbanKisaan garners investment from BASF VC
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Kalyan Jewellers in its latest business update said it recorded strong footfall and robust revenue growth on Akshaya Tritiya this year. The company has reported a 97% jump in consolidated profit after tax to ₹137.49 crore for the March quarter of FY24 against ₹69.79 crore in the year-ago period. Kalyan Jewellers shares were trading over 3% lower at ₹396 apiece at 10.25 am.
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The ATS Group has assigned an IRP to supervise the building of Knightsbridge, an ultra-luxury residential project. This directive comes from the NCLAT. The appeal tribunal's ruling comes after ASK Property Fund, the Blackstone-backed ASK Asset & Wealth Management Group's real estate private equity division, sued ATS at the National Company Law Tribunal (NCLT) on grounds of ₹285 Crore in default.
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Gold has delivered consistent mid to high-teens returns over the past 1, 3, 5 and 7 years. In fact, gold has outperformed the Nifty 50 over the past 5 year period, delivering an 18% CAGR, and matched Nifty returns over past 7 years. There are few asset classes that can make that claim. Gold broke out of its range in early March. There have been four - 1971, 1978, 2004 and 2019 - major breakouts.
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