Gold prices exceeded $2,700 for the first time amid expectations of monetary easing and safe-haven demand due to U.S. election uncertainties and Middle East conflicts. Spot gold reached $2,714 per ounce. The rise in geopolitical tensions is prompting investors to seek gold. Both spot silver and platinum also saw gains, similarly to gold futures.
Wall St Week Ahead: Wall Street zeroes in on semiconductors after turbulent week (19-10-2024)
U.S. semiconductor stocks are under close scrutiny after mixed reports from international tech leaders triggered market volatility. Upcoming earnings from Texas Instruments, Lam Research, and Advanced Micro Devices are crucial for gauging future demand, especially in AI applications, which directly influence overall market trends.
Tejas Networks – Product based IT business in a favored sector? (19-10-2024)
Investor presentation, post the results yday
Indostar Capital Finance Limited (19-10-2024)
b6eff5f1-55c0-4873-afa2-64a4a9b1daee.pdf (1.6 MB)
Results are as per management guidance and growth in vehicle finance business is heartening. Post housing finance exit, book value will be more than 300 and current price likely to get re rated in 2-3 years.
QIP proceeds and recent rating change to AA- will help in growth capital and reducing interest rates will support return ratios.
Brookfield parentage ensures governance and Madhu soodan consistent holding gives more confidence in the building story.
I see it as a doubler in 3years. Am I missing anything?
GRSE secures defence contract of Rs 491 cr (19-10-2024)
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Photo of Zeeshan Siddique found in phone of one accused, used to share information through Snapchat: Mumbai police (19-10-2024)
Mumbai Police found a photograph of NCP leader Baba Siddique’s son in an arrested suspect’s phone. Conspirators communicated through Snapchat, with messages being deleted. The accused revealed that a contract to kill Baba Siddiqui had been offered. A look-out circular was issued as Baba Siddique succumbed to gunshot wounds after being shot outside his office.