Gold prices surged during Friday's early trade, with ten grams of 22 carat gold trading at Rs 48,760 after rising by Rs 10 from yesterday's close, according to the GoodReturns website. Silver prices fell by Rs 800 during Friday's early trade to Rs 61,200.

Ten grams of 24 carat gold is trading at Rs 53,190 after rising by Rs 10 from yesterday's close.

State-owned insurance behemoth Life Insurance Corporation (LIC) is aiming to achieve a mix of 75:25 between participatory and non-participatory business in the individual segment in the next few years and once that happens, it will give a significant push to the value of new business (VNB) and VNB margins of the corporation, the management said in an analyst call post the company’s Q2 earnings.

As of H1FY23, the non-par share on an individual annaulised premium equivalent (APE) basis of LIC stood at 8.99 per cent while par stood at 91.09 per cent.

Startup accelerator BharatX will invest USD 15 million (about Rs 122 crore) over the next 18 months in the Indian startup ecosystem, the firm said on Thursday.

A joint venture between India Accelerator and think-tank Council for International Economic Understanding (CIEU), BharatX will invest Rs 1-5 crore in each startup during the first edition of the accelerator programme.

Shares of R Systems International zoomed 20 per cent to Rs 281.55 on the BSE in Thursday’s intra-day trade after private equity player Blackstone made an open offer to acquire majority stake in the IT-enabled services company at price of Rs 245 per share.

At 10:12 am, the stock traded 14 per cent higher at Rs 267.40, as compared to 0.06 per cent decline on the S&P BSE Sensex.

Oil refining and marketing company BPCL's former chairman Arun Kumar Singh is likely to be the new chairman of India's top oil and gas producer ONGC -- the first instance of a top PSU board-level position going to a person aged over 60.

A search-cum-selection committee, constituted by the oil ministry, zeroed in on Singh after interviewing six candidates on August 27, two sources aware of the matter said.

Days ahead of the deadline to submit binding bids, LIC's move to sell its Rs 3,400 crore secured principal debt of cash-strapped Reliance Capital Ltd (RCL) to an asset reconstruction company (ARC) has irked its lenders and bidders.

The last date for submitting binding bids for Reliance Capital Ltd (RCL) and its subsidiaries is November 28.

Bajaj Auto is planning to tap the big opportunity to sell its electric scooters in the south east Asian market given that countries in the region have announced ambitious targets for conversion of ICE vehicles to electric.

Bajaj’s presence in this market in ICE vehicles has been limited till now because the region is essentially a step-through two-wheeler and scooter market. Bajaj does not have products in scooters and step throughs powered by ICE.

The BEML's demerged non-core businesses entity, BEM Land Assets Ltd, is expected to be listed in the next one month, a step toward divestment of the engineering major.

The government seeks strategic divestment of 26 per cent post BEML demerger process of non-core assets.

India saw a single-day rise of 501 new coronavirus infections, while the active cases have declined from 7,918 to 7,561, the health ministry said on Tuesday.

Currently, the total Covid cases stand at 4,46,66,676, while the death toll has climbed to 5,30,535 with two more fatalities -- one each from Delhi and Rajasthan.

Homegrown microblogging platform Koo on Wednesday announced that it has become the second largest microblog available to the world.

Launched in March 2020, the platform recently clocked 50 million downloads and has seen an upward trajectory in terms of growth.

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