Congress leader and general secretary Randeep Singh Surjewala on Thursday said that a race was going on among senior Bharatiya Janata Party (BJP) leaders from Madhya Pradesh to avoid contesting the upcoming assembly elections.

The ruling BJP has declared 79 candidates for the elections till now, including Union ministers Narendra Singh Tomar, Prahlad Patel and party general secretary Kailash Vijayvargiya.

Tata Consultancy Services (TCS) has retained the top spot as India’s most valuable brand, with a value of $43 billion, according to Kantar’s BrandZ India ranking.

“TCS remains a strong brand as it continues to have a very strong corporate reputation. They are seen as trustworthy, which helps them get repeat business. Their ability to attract strong talent also helps in creating value,” Deepender Rana, executive managing director, South Asia, insights division, Kantar, told Business Standard.

Ashwin Dani, the billionaire co-owner of India’s largest paint firm, Asian Paints, passed away at the age of 81 on Thursday. He is survived by his wife Ina Dani and three children, Jalaj, Hasit, and Malav.

Bloomberg estimated Dani’s networth at approximately $7.1 billion as of Wednesday. His networth increased by $526 million since January this year as the company’s sales revived after the pandemic.

The price of 24-carat gold dipped Rs 650 during Friday's early trade, with ten grams of the precious metal selling at Rs 58,800, according to the GoodReturns website. The price of silver fell sharply by Rs 500 to Rs 73,700 per kilogram.

The price of 22-carat gold fell Rs 600 to Rs 53,900.

Abu Dhabi conglomerate International Holding Company (IHC) said on Thursday it would sell its stake in India's Adani Green Energy and Adani Energy Solutions as part of its portfolio rebalancing strategy.

It did not disclose the name of the buyer or the extent of the investment it was selling. Adani Green Energy and Adani Energy Solutions did not immediately reply to Reuters requests for comment.

India’s bond markets may see inflows of as much as $10 billion even before JPMorgan Chase & Co. adds the nation’s debt to its emerging market index in mid-2024, according to ICICI Bank Ltd.

As markets anticipate inclusion of the debt in other indexes, including the Bloomberg Global Aggregate, the flows could rise to $50 billion by the end of next year, B. Prasanna, group head for global markets sales, trading and research at the lender, said in an interview on Bloomberg Television Thursday.

Credit card spending among Indians rose 2.67 per cent to a new high of Rs 1.48 trillion from Rs 1.45 trillion in July 2023 supported by a healthy increase in Point of Sale (POS) and e-commerce payments.

The transactions at PoS increased by nearly 6.7 per cent to Rs 52,961 crore whereas e-commerce payments jumped to 95,641 crore.

Shares of real estate firm Signature Global (India) made a good market debut on Wednesday, listing at Rs 445 on the BSE, a 16 per cent premium over its issue price of Rs 385 per share.

Post listing, the stock hit a high of Rs 451.10 and a low of Rs 444.10 in the intraday trade till 10:02 AM. By comparison, the S&P BSE Sensex was down 0.5 per cent at 65,621.

Nuvama Wealth Management made its trading debut on Tuesday, joining industry peers such as 360 One WAM and Anand Rathi Wealth as pure-play listed wealth management firms.

Shares of Nuvama—hived off from Edelweiss Financial Services—finished at Rs 2,612.5 on the NSE, valuing the firm at Rs 9,163 crore. However, its fair value discovery could get a few more sessions as its shares hit 5 per cent down limit after only a handful of trades.

The price of 24-carat gold dipped Rs 220 during Wednesday's early trade, with ten grams of the precious metal selling at Rs 59,730, according to the GoodReturns website. The price of silver fell sharply by Rs 1,000 to Rs 74,800. per kilogramme

The price of 22-carat gold fell Rs 200 to Rs 54,750.

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