SRK and Big B back this IPO: All you need to know about Sri Lotus Developers
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Economic Times
3 minutes ago
- Economic Times
Gold at 2-week low ahead of Fed meet. Will it fall below Rs 98k? Check what analysts say
Gold prices dropped to their 2-week low at Rs 98052/10 grams, up by Rs 223 or 0.24%, with a slightly positive bias as investors awaited the Federal Reserve's policy outcome on Wednesday, although optimism around a potential trade deal limited the metal's appeal. ADVERTISEMENT Meanwhile, silver July futures contracts also mirrored the sentiment, trading higher by 0.25% or Rs 278 at Rs 1,13,330/kg. On Friday, gold and silver settled on a weaker note in the domestic and international markets. Gold August futures contract settled at Rs 97,819 per 10 grams with a loss of 0.92% and silver September futures contract settled at Rs 1,13,052 per kilogram with a loss of 1.81%. Gold and silver showed heavy profit taking last week amid a rebound in the dollar index and the U.S. and Japan trade deal. The dollar index rebounded ahead of the Fed monetary policy meetings and triggered profit taking in precious metals. The US-Japan trade deal also increased hopes for the US-EU trade deal before U.S. tariff deadline of 1st August and also pushed gold and silver prices lower.'The U.S. trade tariff uncertainty and geopolitical tensions are supporting gold and silver prices at lower levels. The U.S. trade deal with numerous countries before the tariff deadline of 1st August looks impossible and recent tensions between Thailand and Cambodia could support precious metal prices,' said Manoj Kumar Jain of Prithvifinmart Commodity the US Dollar Index, DXY, was hovering near the 97.73 mark, gaining 0.09 or 0.09%. ADVERTISEMENT 'We expect gold and silver prices to remain volatile this week amid volatility in the global financial markets, the Fed monetary policy meeting and the U.S. trade tariff deadline but gold prices could hold its support level of $3,240 per troy ounce and silver prices could also hold $36.40 per troy ounce levels on a weekly closing basis,' he added. ADVERTISEMENT Gold has support at Rs 97,440-97,100 and resistance at Rs 98,280-98,600 has support at Rs 97,440-97,100 and resistance at Rs 98,280-98,600 Silver has support at Rs 1,12,200-1,11,000 and resistance at Rs 1,14,000-1,15,115 Jain suggests buying gold around Rs 97,700 with a strict stop loss of Rs 97,380 for a target of Rs 98,300. ADVERTISEMENT Standard gold (22 carat) prices in Delhi stand at Rs 57,872/8 grams while pure gold (24 carat) prices stand at Rs 61,760/8 gold (22 carat) prices in Mumbai stand at Rs 57,528/8 grams while pure gold (24 carat) prices stand at Rs 61,384/8 grams. ADVERTISEMENT Standard gold (22 carat) prices in Chennai stand at Rs 56,808/8 grams while pure gold (24 carat) prices stand at Rs 60,400/8 gold (22 carat) prices in Hyderabad stand at Rs 57,096/8 grams while pure gold (24 carat) prices stand at Rs 60,808/8 grams. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Hindustan Times
4 minutes ago
- Hindustan Times
Akshay Kumar sells two apartments in Mumbai's Borivali for ₹7.10 crore, earning over 90% ROI
Bollywood actor Akshay Kumar has sold two adjoining residential apartments in Mumbai's Borivali East for ₹7.10 crore, according to property registration documents reviewed by SquareYards. Mumbai real estate update: Bollywood actor Akshay Kumar has sold two adjoining residential apartments in Mumbai's Borivali East for ₹ 7.10 crore. (HT Files) Akshay Kumar purchased the two apartments in 2017 for ₹3.69 crore, and documents show that they have fetched 92% returns in the last eight years. Documents show that the two apartments are in a building called Oberoi Sky City, constructed by the listed real estate developer Oberoi Realty. According to the property registration documents, Akshay Kumar sold the first property valued at ₹5.75 crore. It has a carpet area of 1,101 sq ft and two car parking spaces. The transaction involved a stamp duty payment of Rs. 34.50 lakh and registration charges of Rs. 30,000. The documents show that Akshay Kumar sold both apartments to Pravin Shetty and Sabita Shetty. Also Read: ₹8.5 crore for a 5 BHK apartment in Mumbai's Borivali sparks social media reactions According to Squareyards, Akshay Kumar purchased the property in 2017 for Rs. 3.02 crore, which has since appreciated by 90%. The second transaction includes a 252 sq ft studio apartment sold for ₹1.35 crore. The second transaction incurred a stamp duty payment of ₹6.75 lakh and registration charges of ₹30,000. Akshay Kumar purchased the property in 2017 for Rs. 67.90 lakh, which has since appreciated by 99%, SquareYards said. According to Square Yards Data Intelligence, Oberoi Sky City has recorded 100 sale registrations with a total transaction value of ₹428 crore from August 2024 to July 2025. The average resale property price in the project stands at Rs. 47,800 per sq ft. Akshay Kumar and the buyers could not be reached for comment. Also Read: Top real estate deal in Mumbai's suburbs: 4 BHK apartment in Borivali sells for ₹14 crore at ₹56,000 per sq ft Akshay Kumar is on a real estate selling spree Bollywood actor Akshay Kumar has sold at least eight property units in the Mumbai real estate market over the past seven months, earning returns of over ₹110 crore. The sales include luxury apartments and commercial office spaces in prime locations such as Borivali, Worli, and Lower Parel. In January 2025, Akshay Kumar sold a 1,073 sq. ft. apartment in Mumbai's Borivali area for ₹4.25 crore. On January 31, 2025, Akshay Kumar and Twinkle Khanna sold their luxury apartment in the Oberoi 360 West project, located in Mumbai's Worli, for ₹80 crore, according to documents accessed by IndexTap. Also Read: Check out Akshay Kumar's return on investment from the sale of six properties in Mumbai Akshay Kumar sold another apartment in Borivali East for ₹4.35 crore. The deal was registered on March 8, 2025. The 1,073 sq. ft. apartment, which includes two car parking spaces, delivered an 84% return on investment. According to property registration documents reviewed by Square Yards, in March 2025, Kumar sold two additional apartments in Mumbai's Borivali area for a combined ₹6.60 crore. Purchased in 2017, both properties yielded an 89% return on investment. In April 2025, Akshay Kumar sold a commercial office space in Lower Parel for ₹8 crore in April 2025. He had purchased the unit in 2020 for ₹4.85 crore, earning a 65% return.
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Business Standard
6 minutes ago
- Business Standard
Shanti Gold IPO Day 2 update: Subscription surpasses 3x, GMP at 19%
Shanti Gold International IPO subscription status: The initial public offering (IPO) of Shanti Gold International, which opened for public subscription on Friday, July 25, has received a favourable response from investors. The NSE data suggests that the ₹360 crore offering of Shanti Gold International received bids for 3,92,51,625 shares, against 1,26,67,200 shares on offer, resulting in a subscription of 3.10 times as of 1:06 PM on Monday, July 28. Among the investor categories, retail investors led the demand by oversubscribing the category reserved for them by 4.57 times. This was followed by non-institutional investors (NIIs), who bid for 3.77 times, and qualified institutional buyers (QIBs), for 0.02 times. Shanti Gold International IPO details The public offering is a book-built issue, which comprises an entirely fresh issue of 18.1 million equity shares worth ₹360.11 crore. Shanti Gold International IPO is available at a price band of ₹189-199 per share, and a lot size of 75 shares. Thus, investors can bid for a minimum of 75 shares of Shanti Gold International IPO and in multiples thereof. To bid for one lot or 75 shares of Shanti Gold International IPO, a retail investor would require a minimum of ₹14,925, taking the upper end of the IPO price into consideration. A retail investor can bid for a maximum of 13 lots or 975 shares, amounting to ₹1,94,025. Shanti Gold International IPO grey market premium (GMP) The unlisted shares of Shanti Gold International were commanding a decent premium in the grey market on the second day of its subscription window. Sources tracking unofficial market activities revealed that Shanti Gold International shares were seen trading at around ₹237 per share, reflecting a grey market premium (GMP) of ₹38 or 19.10 per cent over the upper end of the issue price. Shanti Gold International IPO review The company has received favourable reviews from the brokerages for its public offering. Analysts at Arihant Capital have recommended the investors to subscribe to the Shanti Gold International IPO, while those at Anand Rathi Research Team have recommended subscribing to the issue for a long-term perspective. READ MORE Shanti Gold International IPO allotment date, listing date The three-day subscription window to bid for the public offering is set to conclude on Tuesday, July 29, 2025. Following the closure of the subscription window, the basis of allotment of Shanti Gold International IPO shares is likely to get finalised on Wednesday, July 30, 2025, with shares getting credited into demat accounts by Thursday, July 31, 2025. Shares of Shanti Gold International are set to make their D-Street debut on Friday, August 1, 2025, by listing on the BSE and NSE. Shanti Gold International IPO objective The company intends to utilise the proceeds from the public issue towards funding capital expenditure requirements for setting up the proposed Jaipur facility, as well as funding the working capital requirements of the company. The company will further use the IPO proceeds for repayment and/or pre-payment, in full or part, of certain borrowings availed, as well as for general corporate purposes. Shanti Gold International IPO registrar, lead managers For the public offering, Bigshare Services serves as the registrar, while Choice Capital Advisors is the sole book-running lead manager. About Shanti Gold International Incorporated in 2003, Shanti Gold International manufactures high-quality 22kt CZ casting gold jewelry with a focus on design and production. The company has an in-house manufacturing setup and uses advanced machines and CAD technology to create intricate pieces. With a 13,448.86 sq ft manufacturing facility in Mumbai, Shanti Gold produces a wide range of jewelry, including bangles, rings, and necklaces. The company has established relationships with several jewelry businesses and operates in 15 states and one union territory.
