The big news yesterday was about Tata Trust. This week, gold and silver prices fell. Last Saturday, i.e. October 5, gold was at Rs 75,964, which has now come down to Rs 75,623 per 10 grams (October 12).
At the same time, the Indian government granted ‘Maharatna’ status to PSU Hindustan Aeronautics Limited (HAL). With this, HAL became the 14th company in India to achieve ‘Maharatna’ status. The Ministry of Public Enterprises gave this information by sharing a post on social media platform X.
Before the big news of tomorrow, the big events of the day to watch…
The stock market will remain closed today due to the public holiday Sunday. The prices of gasoline and diesel do not change.
Now read tomorrow’s big news…
1. There was a decline in gold and silver this week: Gold fell by Rs 341 to Rs 75,623, silver was sold at Rs 89,963 per kg.
This week, gold and silver prices fell. According to the India Bullion and Jewelers Association (IBJA) website, last Saturday, i.e. October 5, gold was at Rs 75,964, which has now fallen to Rs 75,623 per 10 grams (October 12). This means that its price has decreased by Rs 341 this week.
Whereas, if we talk about silver, it was at Rs 92,200 last Saturday, which has now come down to Rs 89,963 per kg. This week, its price declined by Rs 2,237. This year, silver had reached its all-time high of Rs 94,280 per share on May 29.
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2. HAL obtains “Maharatna” status: Hindustan Aeronautics Limited becomes the 14th Indian company to obtain this status.
The Indian government has granted “Maharatna” status to PSU Hindustan Aeronautics Limited (HAL). With this, HAL became the 14th company in India to achieve ‘Maharatna’ status. The Ministry of Public Enterprises gave this information by sharing a post on social media platform X.
The DPE said Finance Minister Nirmala Sitharaman approved the upgrade of Indian company PSU HAL to 14th Maharatna CPSE. This proposal had already been recommended by the Inter-Ministerial Committee (IMC) headed by the Finance Secretary and the Supreme Committee headed by the Cabinet Secretary.
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3. DMart’s profit grew 5.77% in July-September quarter: Revenue grew 14.4% to ₹14,444 crore, stock returned 18% YoY .
Avenue Supermarts, the company operating the Dmart retail chain, increased its consolidated net profit to Rs 659.58 crore in the second quarter of the financial year 2024-25. There was an increase of 5.77% on an annual basis. In the same quarter last year, the company had reported a net profit of Rs 623.56 crore.
The company recorded a consolidated turnover of Rs 14,444.50 crore during the July-September quarter. There was an increase of 14.4% on an annual basis. A year ago, i.e. July-September 2023, the company had earned Rs 12,624.37 crore.
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4. Citroën Basalt, India’s safest coupe SUV: Achieved 4-star safety rating in India-NCAP crash test, scored 35.90 points for child safety.
Citroën Basalt has become the safest coupe SUV in India. It received a 4-star safety rating in the adult and child protection categories in the Bharat New Car Assessment Program (BNCAP or Bharat NCAP) crash tests, which applies to all variants. In the crash test, the car scored 26.19 points out of 32 for adult safety and 35.90 out of 49 points for child safety.
The Basalt is the fifth vehicle and the first from Citroën to be tested at the BNCAP. Previously, crash tests of Tata Safari, Harrier, Nexon and Punch were conducted by an Indian agency. All these Tata cars have achieved a 5-star safety rating in the crash test.
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Now read the news you need
FD vs Post Office National Time Deposit Scheme: PNB and BoB increased interest rates on time deposits, see where interest is higher now
Punjab National Bank (PNB) and Bank of Baroda (BoB) have recently increased interest rates on fixed deposits (FDs). In such a situation, if you are planning to make FD deposits in these or any other banks, you must also, before that, know about the Post Office National Term Deposit Scheme.
Here, apart from the Post Office National Term Deposit Scheme, we also tell you how much interest the major banks in the country are offering on FD.
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The market was closed yesterday, so know the state of the stock market and gold and silver on Friday…
Know the latest price of gasoline, diesel and gas cylinders…