Tag: the llv

  • Gold Prices Fall Again, Silver Surges: Understand the Trends!

    Gold Prices Fall Again, Silver Surges: Understand the Trends!

    Gold prices fell for the second day in a row, dropping by Rs 200 to Rs 79,000 for every 10 grams in the national capital, according to the All India Sarafa Association. On Monday, gold was priced at Rs 79,200 for the same amount.

    In contrast, silver prices jumped up by Rs 2,400, reaching Rs 92,400 per kg, up from Rs 90,000. Traders say the rise in silver prices is mainly due to its demand in industries.

    Gold with 99.5% purity also dropped by Rs 200, closing at Rs 78,600 for 10 grams, down from Rs 78,800 on Monday. In futures trading on the Multi Commodity Exchange (MCX), gold for February delivery went up by Rs 146, or 0.19%, to Rs 76,833 per 10 grams. Meanwhile, silver for March delivery increased by Rs 1,251, or 1.38%, to Rs 92,061 per kg.

    Around the world, Comex gold futures rose by $7.40, or 0.28%, reaching $2,665.90 per ounce. Just the day before, gold and silver prices were highly influenced by a stronger dollar after U.S. President Donald Trump threatened to impose heavy tariffs on BRICS countries. This news worried traders and pushed the dollar up, also causing the Indian rupee to weaken significantly.

    Gold’s safe demand was affected by signs of a hold in the Israel-Hezbollah ceasefire, but tensions between Russia and Ukraine still encouraged some buying of gold. Chintan Mehta, the CEO of Abans Holdings, mentioned that gold prices stayed steady because of better-than-expected U.S. manufacturing PMI data, which helped boost the dollar’s strength. He also noted that Christopher Waller, a U.S. Federal Reserve governor, is still hopeful about falling inflation and a strong job market, hinting at possible interest rate cuts in December.

    In the Asian market, silver is trading 1.93% higher at $31.46 per ounce.

  • Amagi Acquires Argoid AI to Revolutionize Streaming Services

    Amagi Acquires Argoid AI to Revolutionize Streaming Services

    Amagi, a successful tech company based in Bangalore, has just bought Argoid AI, a company that specializes in using artificial intelligence (AI) to help streaming services recommend shows and schedule content automatically. This acquisition will help Amagi provide smarter tools for media companies to plan, share, and earn money from their content.

    Argoid AI is famous for creating advanced AI tools that make finding and watching content easier for viewers. By combining their technology with Amagi’s existing services—like Amagi NOW and CLOUDPORT—Amagi hopes to offer better, faster, and more personalized choices for media companies.

    Baskar Subramanian, Amagi’s CEO, said, “We’re excited to use Argoid’s AI technology to make our cloud solutions even better for our customers.” Together, the two companies plan to tackle common challenges in streaming, such as helping viewers find the content they want and keeping them engaged.

    The deal brings Argoid AI’s talented engineers and creators into Amagi. The founders—Gokul Muralidharan, Soundararajan Velu, and Chackaravarthy E—will help guide the future direction of Amagi’s technology. Gokul Muralidharan stated, “We’re excited to join Amagi, a leader in media technology. This partnership will help us deliver even better solutions for our customers.”

    Amagi helps various famous brands like A+E Networks UK, NBCUniversal, and more to create, distribute, and profit from their channels more easily.

  • Stock Market Update: Nifty Drops, Sensex Rises with Key Movers

    Stock Market Update: Nifty Drops, Sensex Rises with Key Movers

    NEW DELHI: Today, several stocks hit their lowest prices in a year, including Aki India, C.E. Info Systems, Dhanvarsha Finvest, Akshar Spintex, and GIR Natureview. The main stock market index, NSE Nifty, dropped by 181.11 points, finishing at 24,457.15. However, the BSE Sensex saw a nice rise, closing up by 597.67 points at 80,845.75.

    On a positive note, some stocks reached new highs today. These include Madhav Copper, BSL Ltd, Enviro Infra Engineering, Dharamsi Morarji, and Banaras Beads. Among the winners in the Nifty 50 index were Adani Ports SEZ, NTPC, Adani Enterprises, L&T, and SBI.

    However, not all stocks performed well. Top losers today were Bharti Airtel, Hero MotoCorp, ITC, HDFC Life, and Sun Pharma.

  • BSE Stocks Surge: See Which Ones Rose Over 10% Today!

    BSE Stocks Surge: See Which Ones Rose Over 10% Today!

    NEW DELHI:  On Tuesday, many stocks on the Bombay Stock Exchange (BSE) jumped more than 10% as Indian stock markets rose. Some of the biggest winners included: Kanpur Plastip (up 14.86%), Dharamsi Morarji (up 14.15%), HEG (up 13.84%), Bajaj Steel (up 13.47%), Indbank Merchant Banking (up 12.52%), Orient Press (up 12.35%), Fermenta Biotech (up 11.84%), Vadilal Enterprises (up 11.68%), Remi Edelstahl (up 11.58%), and Banaras Beads (up 11.27%).

    The Sensex, which is a group of 30 important stocks, rose by 597.67 points to close at 80,845.75. The Nifty index, made up of 50 stocks, went up by 181.11 points to finish at 24,457.15. Out of the 50 stocks in the Nifty, 41 ended higher while 9 fell.

    Additionally, some stocks like BSL Ltd, Enviro Infra Engineer, Thirani Projects, Dharamsi Morarji, and Fermenta Biotech reached their best prices in 52 weeks. On the other hand, stocks such as Aki India, C.E. Info Systems, Nettlinx Ltd, MSR India, and Dhanvarsha Finvest hit their lowest prices in 52 weeks during today’s trading session.

  • Rachit Prints Targets Rs 100 Crore Revenue and Plans IPO for Expansion

    Rachit Prints Targets Rs 100 Crore Revenue and Plans IPO for Expansion

    Rachit Prints, a company that makes special fabrics for mattresses, announced on Tuesday that it wants to grow its earnings to ₹100 crore by 2026-27. Right now, the company made ₹37.08 crore during the 2023-24 financial year. Based in Meerut, Uttar Pradesh, Rachit Prints creates unique fabrics for mattresses, including knitted and printed varieties. To help fund its growth, the company plans to launch an initial public offering (IPO) and has chosen Khambatta Securities to lead the process.

    Promoter and Managing Director Anupam Kansal expressed confidence in their goal, stating, “We are excited about expanding our operations and aim to reach ₹100 crore by 2026-27.” Rachit Prints operates a large 30,625 square foot manufacturing facility in Meerut that is equipped with advanced machinery from India and abroad. In the first quarter of this financial year, which ended in June 2024, the company earned ₹9.8 crore, with a profit of ₹1.02 crore.

  • Join the Exciting South Asia Agri Summit 2025 in Sri Lanka!

    Join the Exciting South Asia Agri Summit 2025 in Sri Lanka!

    Bharat Subcontinental Agri Foundation (BSAF) is gearing up for an exciting event called the South Asia Agri Summit. This important gathering will take place on January 15-16, 2025, at the Shangri-La Hotel in Colombo, Sri Lanka. The summit will focus on the changing landscape of pulses, grains, dry fruits, and spices in South Asia.

    Many important people and companies will attend, including the National Agricultural Cooperative Marketing Federation of India (NAFED), Wheat Products Promotion Society (WPPS), and various flour mill associations from India.

    The agricultural sector in South Asia is growing fast because people want more food, and there is a chance to sell products abroad. This summit is a great opportunity for exporters to learn about new market trends, rules, and technology. They’ll also get to meet industry leaders, government officials, and potential partners, which can help them form valuable business connections.

    The event will feature expert discussions, trade exhibitions, and B2B meetings. These sessions will tackle important issues and explore opportunities in the agri-commodity trade. Exporters can use this chance to better understand trade in the region and find good opportunities for their products.

    “Joining the South Asia Agri Forum can help you reach more customers and put your business at the forefront of agri-commodity trade in the region,” said Vivek Agarwal, Managing Director of BSAF. The last summit took place in Bangkok, Thailand, while the one before that was in Kathmandu, Nepal. The Thailand event welcomed over 1,000 attendees from nearly 50 different countries.

  • Indian Stocks Surge with HDFC Bank and Reliance Gains!

    Indian Stocks Surge with HDFC Bank and Reliance Gains!

    On Tuesday, Indian stock markets gained strength, thanks to two big companies: HDFC Bank and Reliance Industries. Investors were excited by talks from U.S. Federal Reserve officials hinting at a possible 0.25% decrease in interest rates later this month.

    The main index, S&P BSE Sensex, climbed by 597.67 points, or 0.74%, finishing at 80,845.75. The broader Nifty 50 index also did well, increasing by 181.10 points, or 0.75%, to close at 24,457.15.

    High-weight bank stocks saw a 1% rise, especially with HDFC Bank gaining 1.2%. Public sector banks, including the State Bank of India, reported increases between 2% and 3.3%. Reliance Industries, which has already risen 3% in the past two days, added another 1.2% on Tuesday.

    Expert Opinions
    Rupak De, a Senior Technical Analyst from LKP Securities, explained that the Nifty index showed bullish signs by moving above a key Fibonacci level. This suggests a potential rise in stock prices. He added that as long as the index stays above 24,400 points, there could be chances for it to reach 24,600–24,700 points. If it falls below 24,400, we might see a drop towards 24,150 points.

    Global Markets
    In global news, stocks around the world mostly rose on Tuesday, influenced by strong tech performances in the U.S. Hong Kong’s Hang Seng index increased by 1.0%, reaching 19,746.32, and Japan’s tech-heavy Nikkei jumped by 1.91%. This week will include important updates about job numbers in the U.S., which could impact the decisions of the Federal Reserve regarding interest rates.

    Forex Update
    The Indian rupee ended the day stable at 84.6850 per U.S. dollar. It hit a record low recently due to a stronger U.S. dollar and a weak Chinese yuan. The dollar index, which measures the U.S. dollar against six other currencies, was down by 0.15%.

  • Indian Rupee Falls to Record Low as Dollar Strengthens

    Indian Rupee Falls to Record Low as Dollar Strengthens

    The Indian rupee fell to its lowest level ever on Tuesday, mainly because the US dollar got stronger and the Chinese yuan also dropped. The rupee reached a low of 84.7575 before it slightly recovered, closing the day at 84.6850. A trader from a government bank said that the rupee bounced back a little as demand for dollars decreased and the yuan stopped losing value.

    Earlier in the day, the rupee was able to prevent bigger losses thanks to the Reserve Bank of India’s actions in the money market. The RBI sold dollars to help the rupee and made trades to balance out the dollars in the market.

    Due to these actions, the prices for dollar-rupee futures went down significantly. The expected return on a one-year dollar investment also dropped below 2% for the first time since August. Worries about India’s slowing economy, a steady flow of money leaving the country, and the weakness of the yuan have kept pressure on the rupee. India’s GDP growth in September fell to the lowest level in a while, which means the RBI might cut interest rates sooner than we thought, while money leaving the stock market is expected to continue, weakening the rupee further.

    After many years of stability, it seems like the Reserve Bank of India has loosened its grip on the rupee, according to analysts from ING Bank. The expected ups and downs of the rupee have increased, with the one-month forecast volatility reaching its highest point in six months at 3% on Tuesday. Lastly, the dollar index was slightly lower at 106.2 after rising 0.5% on Monday, while currencies from other Asian countries were mixed.

  • Exciting Changes in Banking Laws to Enhance Customer Experience

    Exciting Changes in Banking Laws to Enhance Customer Experience

    On Tuesday, Finance Minister Nirmala Sitharaman revealed new changes in banking laws designed to make banking better for everyone. These changes will be discussed in the Lok Sabha and include 19 important amendments to various banking laws, including the Reserve Bank of India Act and the Banking Regulation Act.

    One major change will allow bank account holders to have up to four nominees, making it easier for families to manage accounts. The bill will also protect investors’ money by sending unclaimed dividends, shares, and bond interest to the Investor Education and Protection Fund (IEPF). This means individuals can get their money back if they have claims.

    Sitharaman explained that these changes are necessary as banking has changed over time. The amendments aim to improve how banks are managed and keep customer interests safe.

    Key points include:

    – Better governance for banks and improved reporting to the Reserve Bank of India.
    – More protection for depositors and investors.
    – Improved quality of audits for public sector banks.
    – Increase in the tenure of cooperative bank directors from 8 to 10 years, in line with new rules.
    – Clearer rules about who can be a director in banks, raising the financial limit from Rs 5 lakh to Rs 2 crore, which hasn’t changed in almost 60 years.
    – Cooperative banks will have the new rules applying only to their banking activities.
    – Directors of Central Cooperative Banks will now be able to serve on the boards of State Cooperative Banks.
    – Banks will have more flexibility in deciding how much to pay their auditors.
    – Changes will also set new reporting dates for banks, making it easier for them to comply with rules.

    These amendments were first mentioned in the 2023-24 Budget speech, showing the government’s commitment to better banking services for everyone.

  • Neale Fraser, Australian Tennis Star, Dies at 91 – A True Legend

    Neale Fraser, Australian Tennis Star, Dies at 91 – A True Legend

    Neale Fraser, a famous tennis player from Australia, has died at the age of 91. He was a big star in tennis and won many important matches. Fraser played in the 1950s and 1960s and was known for his amazing skills on the court.

    He won the Wimbledon singles title three times and was a great doubles player too, winning another title at both Wimbledon and the Australian Open. Apart from his achievements on the court, Fraser was also admired for his sportsmanship and kindness to other players.

    In his later life, he coached many young tennis players and shared his love of the game. His friends and family remember him as a caring person who always smiled and supported others.

    Fraser leaves behind a great legacy in tennis, inspiring many young players to follow in his footsteps. He will be missed by fans and players around the world.