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Gold crosses ₹ 78 thousand for the first time | Gold crossed ₹ 78 thousand for the first time: Silver became costlier by ₹ 5,000 in a day, UltraTech Cement's profit decreased by 36% to ₹ 820 crore.


New Delhi2 hours ago

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Yesterday's big news was related to the price of gold and silver. Reached its all-time high on Monday (October 21). According to data from India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold increased by Rs 804 to Rs 78,241. A day before this, its price was Rs 77,410 per ten grams.

At the same time, the consolidated profit of Aditya Birla Group-owned cement company UltraTech declined by 36% year-on-year (YoY) to ₹ 820 crore in the second quarter of the financial year 2024-25. The company had made a profit of ₹1,280 crore in the same quarter a year ago (Q2FY24).

Before tomorrow's big news, today's major events to keep an eye on…

  • There may be a rise in the stock market today on Tuesday.
  • There has been no change in the prices of petrol and diesel.

Now read tomorrow's big news…

1. Gold at record level of ₹ 78 thousand: This year it became costlier by ₹ 14,889, silver also increased by about ₹ 5,000 to reach ₹ 97,254 per kg.

Gold and silver reached their all-time high on Monday (October 21). According to data from India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold increased by Rs 804 to Rs 78,241. A day before this, its price was Rs 77,410 per ten grams.

At the same time, the price of silver increased by Rs 4,971 and it is being sold at the rate of Rs 97,254 per kg. A day before this, silver was at Rs 92,283. Earlier, silver had made its all-time high of Rs 94,280 per kg on May 29.

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2. UltraTech Cement's profit declined by 36% to ₹ 820 crore: Revenue declined by 2.3% to ₹ 15,634 crore in the second quarter, share rose 30% in the last one year.

Aditya Birla Group-owned cement company UltraTech's consolidated profit in the second quarter of FY 2024-25 declined by 36% year-on-year (YoY) to ₹820 crore. The company had made a profit of ₹1,280 crore in the same quarter a year ago (Q2FY24).

On Monday (October 21), the company released the results for the second quarter (July-September) of the financial year 2024-25. Shares of UltraTech Cement closed 2.08% down at Rs 10,839 on Monday. The stock has risen 30.19% in the last one year. The market cap of the company is Rs 3.12 lakh crore.

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3. Sensex slipped 619 points from the day's high: It fell by 73 points and closed at 81,151, Nifty also fell by 72 points.

There was a slight decline in the stock market on Monday (21 October). The Sensex fell by 73 points and closed at 81,151. At the same time, Nifty also fell by 72 points, it closed at the level of 24,781.

Earlier today, Sensex had opened at the level of 81,770 with a gain of 546 points. Today there is a big decline in banking and FMCG shares. Tata Consumer shares fell by 7.08% and Kotak Bank shares fell by 4.73%.

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4. Adar Poonawala will buy 50% stake in Dharma Productions: Deal for Rs 1,000 crore, Karan Johar will remain executive chairman.

Adar Poonawala's Serene Productions will acquire 50% stake in Karan Johar's Dharma Productions and Dharmatic Entertainment. This deal will be for Rs 1,000 crore. Today i.e. on Monday (21 October) the company gave this information.

After this deal, Karan Johar will have about 50% stake in Dharma. Currently, Johar holds 90.7% stake in Dharma and his mother Hiru holds 9.24% stake. Even after the deal, Karan Johar will remain the executive chairman of the company. Apoorva Mehta will also remain the CEO.

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5. Bajaj-Housing-Finance released results for the first time after IPO: Net profit increased by 21% to ₹ 546 crore in the second quarter, net interest income increased by 13%.

Bajaj Housing Finance Limited has released quarterly results for the first time after its IPO on Monday (October 21). The company's net profit in Q2FY25 i.e. the second quarter (July-September) of the financial year 2024-25 increased by 21% year-on-year to ₹ 546 crore. It was ₹451 crore in the same quarter last year.

In the July-September quarter, the company's revenue from operations increased by 26.11% on an annual basis to Rs 2,410 crore, which was Rs 1,911 crore in the same quarter last year.

Click here to read the full news…

6. Afcons Infrastructure's IPO will open on October 25: You will be able to bid till October 29; The company works in construction, oil and gas sector.

The initial public offer (IPO) of Afcons Infrastructure Limited, a company working in transport, construction, oil and gas sectors, will open on October 25. Investors will be able to bid for this issue till October 29. The company's shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on October 4.

The company wants to raise Rs 5,430 crore through this issue. For this, the company is issuing 2,69,97,840 fresh shares worth Rs 1,250 crore. Whereas, the existing investors of the company are selling 9,02,80,778 shares worth Rs 4,180 crore through Offer for Sale i.e. OFS.

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7. Festival Edition of Toyota Rumion launched: MPV claims mileage of 26Km, start/stop from smartphone; You will get free accessories worth ₹20,608

Toyota Kirloskar has launched the Festival Edition of Toyota Roomian. Special editions of MPV based on Maruti Suzuki Ertiga have been introduced in every variant. In this, accessories worth Rs 20,608 have been given free. This special edition will be available for sale till 31 October 2024.

The company's most affordable 7-seater MPV Roomian has a starting price of ₹ 10.29 lakh (ex-showroom price). The car comes with 3 variants, 6 trims and 5 color options, CNG option is also available in it. The car was launched in August this year.

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8. Jeep Meridian facelift launched in India, starting price ₹ 24.99 lakh: SUV has more than 70 safety features, competes with Toyota Fortuner.

Jeep India has launched its popular SUV Meridian facelift in the Indian market on Monday (21 October). Minor cosmetic changes have been made to the facelifted Meridian. Apart from this, extra features and new variants have been added.

The car now comes in 4 trims – Longitude, Longitude Plus, Limited (O) and Overland. Its Limited and X variants have been discontinued. It will compete with Toyota Fortuner, MG Gloster and Skoda Kodiaq.

Click here to read the full news…

Also see who were the top 10 richest people in the world yesterday…

Know the condition of tomorrow's share market and gold and silver…

Know the latest price of petrol, diesel and gas cylinder…

There is more news…
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