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Gold trading at Rs 52,310 per 10 gm today; silver selling at Rs 68,500/kg

Gold trading at Rs 52,310 per 10 gm today; silver selling at Rs 68,500/kg

The price of 10 gram of 24-carat gold on Friday went up by Rs 640 to Rs 52,310, while the price of 1 kg of silver increased by Rs 900 to Rs 68,500.

Ten gram of 22-carat gold is trading at Rs 47,950 after an increase of Rs 600.

The price of 10 gram of 24-carat gold in Delhi and Mumbai stood at Rs 52,310 while the 10 gram of 22-carat gold in Mumbai and Delhi is trading at Rs 47,950.

Petrol, diesel prices hiked by 80 paise, third increase in four days

Petrol, diesel prices hiked by 80 paise, third increase in four days

The price of petrol and diesel in Delhi increased by 80 paise a litre each on Friday. Petrol is selling at Rs 97.81 per litre in the national capital while diesel is trading at Rs 89.07 per litre. This is the third increase in four days with total hike now is Rs 2.4/litre.

In Mumbai, the rate of petrol increased by 84 paise, selling at Rs 112.51 per litre. The price of diesel increased by 85 paise to Rs 96.70 per litre.

Indus Tower tanks 8% on heavy volume; stock nears 52-week low

Indus Tower tanks 8% on heavy volume; stock nears 52-week low

Shares of Indus Tower slipped 8 per cent to Rs 196.55 on the BSE in Friday’s intra-day trade amid heavy volume. The stock of telecom infrastructure provider traded close to its 52-week low of Rs 194.25 touched on August 5, 2021. The stock had hit a 52-week high of Rs 332.60 on September 28, 2021.

At 02:11 pm; Indus Tower traded 6 per cent lower at Rs 200, as compared to a 0.8 per cent decline on the S&P BSE Sensex. The trading volume at the counter more-than-doubled with a combined 5.4 million equity shares changing hands on the NSE and BSE.

Tata Elxsi gains 5%, hits record high in a weak market

Tata Elxsi gains 5%, hits record high in a weak market

Shares of Tata Elxsi moved higher by 5 per cent to a record high level of Rs 7,971.90 on the BSE in Friday’s intra-day trade in an otherwise weak market. The stock of Tata Group Company surpassed its previous high of Rs 7,949 touched on February 1, 2022.

Tata Elxsi is amongst the world’s leading providers of design and technology services across industries, including automotive, media, communications, healthcare, and transportation.

Indian Hotels nears record high ahead of fixing of QIP price band

Indian Hotels nears record high ahead of fixing of QIP price band

Shares of Indian Hotels Company were up 3.3 per cent to Rs 226.45 on the BSE in Friday's intra-day trade. The surge comes ahead of the company's board meeting to decide issue price of qualified institutional placement (QIP), scheduled later today. The stock traded close to its record high level of Rs 230.14 touched on October 14, 2021.

The stock of the Tata Group company traded higher for fourth day in a row. Earlier, the stock had rallied 10 per cent after its QIP committee approved the issue on March 22, 2022 and proposed to mobilize around Rs 2,000 crore through QIP and has fixed floor price at Rs 203.48 per share.

IBM India to impart digital skill to 12,000 girl students in Nagaland

IBM India to impart digital skill to 12,000 girl students in Nagaland

IBM India announced a collaboration with the Nagaland School Education department to introduce digital powered training in more than 250 secondary and higher secondary schools across 15 districts in the northeastern state.

The programme IBM Stem (Science, Technology, Engineering and Math) for Girls programme aims to provide 21st-century skills to more than 12,000 girls, a statement said on Thursday.

Alembic Pharma targets 10-12 product filings from Karkhadi facility

Alembic Pharma targets 10-12 product filings from Karkhadi facility

Vadodara based drug maker Alembic Pharmaceuticals is now running exhibit batches at its Karkhadi facility (F3) to keep the plant alive and humming, while it awaits a final go-ahead from the US drug regulator.

“This way, once the plant is cleared by the US Food and Drug Administration (USFDA) we will be able to file applications for double the number of products than we would have usually.

Airtel prepays Rs 8,815 cr of spectrum dues to reduce interest expenses

Airtel prepays Rs 8,815 cr of spectrum dues to reduce interest expenses

Bharti Airtel has prepaid Rs 8,815 crore of spectrum dues to cut down on interest expenses.

The dues pertained to spectrum acquired in 2015 and payments for same were due in FY2027 and FY2028, the telecom company announced on Friday.

This is the second such prepayment by the company in the last three months and comes on the back of strong cash flow generation, equity infusion and borrowing at significantly lower interest rates.

Food robotics company Mukunda raises $8 mn in round led by Zomato

Food robotics company Mukunda raises $8 mn in round led by Zomato

Food robotics company Mukunda Foods has raised $8 million in a funding round led by Zomato, taking the company's post-money valuation to $30 million. Zomato invested $5 million as part of the funding round.

The company had previously raised funds from Ncubate Capital, Singapore Angel Network, and Indian Angel Network. The company plans to utilise funds to expand its reach across QSRs, cloud kitchens and the fine dine segment. The company also plans to use a part of the raised capital to introduce services to help the F&B businesses scale.

The stock of this specialty chemicals has zoomed 51% in one month

The stock of this specialty chemicals has zoomed 51% in one month

Shares of Shree Pushkar Chemicals & Fertilisers hit a 52-week high of Rs 301.10, on rallying 11 per cent on the BSE in Thursday’s intra-day trade in an otherwise choppy market on expectations of strong earnings. The company is an integrated dye manufacturing solution company with a diversified product portfolio of dyestuffs, dye intermediates, acids, fertilisers and animal feed additives.

In the past one month, the stock has zoomed 51 per cent as compared to a 5 per cent gain on the S&P BSE Sensex. The stock had hit a record high of Rs 338 on January 10, 2018.

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