News Overview

Gold and gold stocks look bright in India for 2024. Economic expansion and a strong cultural affinity for gold jewellery should boost demand. Investors should allocate part of their portfolio to quality gold stocks or funds to tap into rising incomes and prices. However, reasonable selection is key - factors like costs, management and jurisdiction must be evaluated. Overall, though, gold stocks offer Indian investors sparkling potential.

The EV producer launched an IPO on 2 August to raise ₹6,145.56 crore through fresh shares and an offer for sale (OFS).

The company has set a price band of ₹102-108 per share, with buyers able to bid for 138 shares in one lot.

The FirstCry IPO has been subscribed to 9% so far, according to BSE data available until 3:40 p.m.

Both the BSE midcap and smallcap indices shed 0.5% each, reflecting the overall market's cautious sentiment.

The organisation is the largest CDMO serving the Indian pharmaceutical industry, with a proven track record and a broad clientele.

Inox Wind secures a 201 MW order from Integrum Energy Infrastructure Ltd to supply 3 MW wind turbine generators and provide multi-year operations

Vedanta's revenue from operations for the quarter rose by 6% YoY, amounting to ₹35,239 Crore, up from ₹33,342 Crore

The company's revenue for the quarter saw a 16% increase from the previous year, reaching ₹8,376 Crore

Under this partnership, LTIMindtree will provide a comprehensive range of IT modernization services to Exyte.