Swati Verma

Gold halted its record run Friday but remained on track for its best quarter since 2016 after a rally catalyzed by an outsized U.S. Federal Reserve interest rate cut, while markets braced themselves for a crucial inflation report due later in the day.

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Gold surged above the historic threshold of $2,700-per-ounce Friday, powered by escalating tensions in the Middle East, uncertainties around the U.S. elections and relaxed monetary policy expectations that pushed the metal into unchartered territory.

Selling in the mid- and small-cap stocks has been sharper. On Tuesday, the BSE Midcap index slumped 2.52% to 45,974.31 levels, while the BSE SmallCap index tanked 3.81% to 53,530.92 points.

For the quarter ended September 30, the company posted a revenue of ₹3,062.3 crore, up 27.5% QoQ and 34.5% YoY. In US dollar terms, the revenue came in at US$ 369.4 million, up 26.8% QoQ and 32.8% YoY, while in constant currency (CC) terms, the figure grew 26.3% QoQ and 33% YoY.

India’s monthly crude oil imports in September dropped about 8% to their lowest since February at 18.56 million metric tons, government data showed...

As per a Reuters report, Fox News projected that Republican Donald Trump has won the battleground state of Pennsylvania, which would all but close off Democrat Kamala Harris' chances of winning the US presidency.

Total revenue from operations came in at ₹101,450 crore, down 3.49% against ₹105,129 crore logged in the September 2023 quarter. Basic earnings per share (EPS) for the quarter under review stood at ₹9.72 against ₹9.81 in the year-ago period.

One97 Communications, the parent firm of Paytm, said its wholly owned subsidiary company, One97 Communications Singapore Private Limited (“Paytm Singapore”), has informed the company that its board of directors at its meeting held on December 6, 2024, has approved the sale of all its stock acquisition rights in PayPay Corporation, Japan, to the SoftBank Vision Fund 2 entity for net proceeds of JPY 41.9 billion (equivalent to ₹2,364 crore).

Avenue Supermarts share price: On Wednesday, December 11, the stock fell as much as 3% to ₹3,699.65 apiece on the BSE. It is down 32.5% from its 52-week high of ₹5,484, touched on September 24 this year.