The price of 24-carat gold declined Rs 340 in early trade on Tuesday, with ten grams of the precious metal selling for Rs 60,110, according the GoodReturns website. The price of silver remained unchanged, with one kilogram of the precious metal selling at Rs 74,100.

The price of 22-carat gold fell Rs 310, with the yellow metal selling at Rs 55,100.

Bajaj Hindusthan Sugar, one of the largest sugar producers in the country, on Sunday informed the BSE the National Company Law Tribunal (NCLT) had considered submissions by State Bank of India (SBI), the biggest lender in the country, for withdrawing its insolvency petition.

It said the next date for hearing was October 25.

The petition was moved because the outstanding has been paid by the company.

As Telangana approaches elections, the Congress' state unit is planning to add the plan offering 10 grams of gold to eligible women at the time of their marriage, according to party leaders, an ANI report said.

To this end, senior party officials are conducting discussions to work on the specifics of the scheme. "In addition to the existing commitment of providing Rs 1 lakh to the bride's family through the "Mahalakshmi" guarantee, the party is contemplating adding the provision of gold," Sridhar Babu, the Telangana Congress manifesto committee chairman said.

The consolidated net profit of Jio Financial Services (JFS) for the second quarter of the ongoing financial year (Q2FY24) doubled by 101.3 per cent to Rs 668.18 crore from Rs 331.92 crore last quarter, the company stated in BSE filing on Monday.

Total income rose by 46.8 per cent to Rs 608 crore from Rs 414 crore in Q1FY24. Expenses went up by 32.7 per cent at Rs 71.43 crore from Rs 53.81 crore quarter on quarter.

Merger-bound North East Small Finance Bank (NESFB) is looking to sell its over Rs 600 crore of stressed loans, about one-third of its loan portfolio, to Asset Reconstruction Companies (ARCs) as a step to clean up its books.

Rating agency CRISIL placed ratings for NESFB's Tier-II bonds “under watch with developing implications”. The sale of the distressed legacy portfolio, along with highly calibrated growth in the loan book until the merger, is expected to result in some stability in asset quality over the near term, CRISIL added.

A record 1.4 billion customers visited Flipkart’s platform during its flagship festival sales event “The Big Billion Days' (TBBD) 2023”.

The event, which started on October 8 (with early access for VIP and Plus customers from October 7) and ended on October 15, “received a great response from both customers and extensive network of sellers across the country”, said Kalyan Krishnamurthy, chief executive officer of Flipkart Group.

The Adani group is planning to invest up to Rs 20,000 crore in expanding its cargo capacity at ports four times to 1 billion tonnes by 2030 to emerge as the world’s largest company in this field.

In this regard, the group may look at acquisition globally if it gets a good local partner in a country with economic and political stability, Karan Adani, scion of the Adani group and chief executive officer of Adani Ports & SEZ (AP&SEZ), said in an interaction on Sunday.

Israel Defence Forces (IDF) have struck the Hezbollah "military infrastructure" in Lebanon as a retaliatory move to Sunday's fire, The Times of Israel reported.

The attacks were in reaction to Sunday's fire from Lebanon that was directed against Israel.

Notably, on Sunday morning, six anti-tank guided missiles were fired towards an Israeli town and military outposts near the Lebanon border, killing at least one civilian, according to The Times of Israel.

Six months of war between Sudan's military and a powerful paramilitary group has killed up to 9,000 people and created "one of the worst humanitarian nightmares in recent history," the United Nations humanitarian chief said Sunday.

Sudan has been engulfed in chaos since mid-April, when simmering tensions between military chief Gen. Abdel-Fattah Burhan and the commander of the paramilitary Rapid Support Forces, Gen. Mohamed Hamdan Dagalo, exploded into open warfare.

The Central Board of Direct Taxes (CBDT) has issued directives to tax officials that may prevent them from scrutinising funds raised by recognised start-ups under the new angel tax regime.

In a recent communiqué to senior officials, the direct tax administration said that no verification would be done by any assessing officer if a start-up has been recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) and the case is selected under scrutiny for pending angel tax assessment.

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