Latest news with #Rs92
Mint
15-05-2025
- Business
- Mint
Gold Price Today: Yellow metal down 7% from record high on MCX, spot gold hits five-week low; Check key support levels
Gold prices erased early losses to steady on Thursday, helped by a weaker dollar and technical buying as investors await key U.S. economic data later in the day for further clarity on future interest rates. Spot gold was little changed at $3,179.07 an ounce as of 1102 GMT, after hitting its lowest since April 10 earlier in the session. U.S. gold futures fell 0.3% to $3,179.20. The dollar index slipped 0.3%, making gold cheaper for other currency holders. The U.S. and China this week agreed to temporarily slash harsh reciprocal tariffs, de-escalating a trade war and denting demand for gold as a safe haven. On Thursday, focus will turn to U.S. producer price index data due at 1230 GMT after softer-than-expected consumer data earlier this week. Federal Reserve Chair Jerome Powell's speech later in the day will be watched for clues on the Fed's rate path. Markets are expecting 50 basis points of rate cuts this year, with the reductions expected to start from October. Non-yielding gold tends to thrive in a low-rate environment. Elsewhere, spot silver dipped 0.4% to $32.09 an ounce and palladium rose 0.6% to $956.58. Platinum was up 0.7% at $982.53. The palladium market, which was in deficit in 2012-2024, will move into balance this year, with demand falling by 6% as a result of lower production of gasoline vehicles, a major industrial use of the metal, and increased recycling in China, Johnson Matthey said in a report. Rahul Kalantri, VP Commodities, Mehta Equities Ltd. Gold prices declined sharply on Wednesday, touching a five-week low, while silver also traded lower. The drop is attributed to profit-taking and liquidation by weaker hands. Meanwhile, a shift toward riskier assets in the broader market continues to pressure safe-haven demand. Today, gap down opening is expected amid Iran's Supreme leader said to sign nuclear deal with US if all economic sanctions are lifted. However, weakness in the dollar index and uncertainty over long-term trade deal between U.S. and other nations could support metal prices at lower levels. Gold has support at $3130-3100 while resistance at $3200-3220. Silver has support at $31.75-31.55 while resistance is at $32.30-32.65. In INR gold has support at Rs91,350-90,780 while resistance at Rs92,450-92,690. Sliver has support at Rs94,380-93,550 while resistance at Rs95,950-96,750.
Business Standard
29-04-2025
- Business
- Business Standard
Protean Vidyasaarathi emerges as a trusted, digital-first scholarship platform empowering lakhs of students across India
PRNewswire Mumbai (Maharashtra) [India], April 29: A recent nationwide student survey by Protean eGov Technologies Limited (formerly NSDL e-Governance Infrastructure Limited) has highlighted the growing demand for accessible, end-to-end digital solutions in the education financing space that highlights the evolving needs of India's youth for career-oriented support. The nationwide survey, conducted among 360 scholarship recipients through Protean's Vidyasaarathi platform revealed that 70.9% of students seek internship opportunities, 48.4% are interested in upskilling, and 46.1% want career guidance, pointing to a broader need for student development services. These insights underscore the urgent need for digital-first solutions that not only fund education but also strengthen employability pathways. India receives over 12.7 million scholarship applications every academic year, as per data from the National Scholarship Portal (NSP), MeitY. Yet, many deserving students, particularly from economically weaker sections, continue to face barriers related to awareness, accessibility, and procedural complexity. Vidyasaarathi, Protean's flagship scholarship management platform, has disbursed Rs92 crore in scholarship funds to date, helping lakhs of students across India continue their academic journeys. With Vidyasaarathi, Protean offers key features including: * Zero application fees for students * Robust verification to ensure authenticity and eligibility * Direct disbursal of funds into student bank accounts * CSR integration tools for corporates to run compliant, high-impact scholarship programs The survey further reveals that over 75% of students found the online application process easy and accessible, while more than 70% expressed interest in services such as internships, upskilling programs, and career guidance. Protean eGov Technologies aims to position Vidyasaarathi as a leading ecosystem for student advancement by integrating scholarships with skill development, career discovery, and industry partnerships. Through strategic collaborations with corporates, academic institutions, and skilling partners, Vidyasaarathi aims to continue to empower India's youth with opportunities that go beyond education, building a future-ready workforce for the nation. About Protean: Over the past 30 years, Protean has been at the forefront of building population-scale DPIs across taxation, identity services and social security. Aligned with India's visionary DPI framework built on open standards and protocols, the company continues to contribute towards multisectoral Open Digital Ecosystems across e-commerce, transport/mobility, agriculture, education & skilling, and health. Protean has evolved from being a system integrator into a high tech, agile product organisation, instrumental in powering enterprise digitization by offering consumer and corporate tech, along with infrastructure services in cloud and cybersecurity. With a deep-rooted focus on innovation and open digital ecosystems, the company remains a key enabler in the country's ongoing digital transformation. Logo:
Hans India
29-04-2025
- Business
- Hans India
RIL's mcap surges Rs 92,629 cr to Rs 18.52 lakh cr
New Delhi: Shares of Reliance Industries Ltd (RIL) on Monday jumped over five per cent, adding Rs92,629.1 crore to its market valuation, after the firm reported a 2.4 per cent rise in the March quarter net profit. The blue-chip stock climbed 5.27 per cent to settle at Rs1,368.50 apiece on the BSE. During the day, it soared 5.75 per cent to Rs1,374.90. On the NSE, it surged 5.06 per cent to Rs1,366.30 apiece. The company's market valuation jumped by Rs92,629.1 crore to Rs18,51,905.23 crore. The oil-to-telecom-and-retail conglomerate became the first company to hit a net worth of over Rs10 lakh crore in 2024-25. Last year, it became the first company to hit a market cap of Rs20 lakh crore. The stock emerged as the biggest gainer among the Sensex and Nifty firms. Sharp rally in the stock was instrumental in driving the markets higher. The 30-share BSE benchmark gauge jumped 1,005.84 points or 1.27 per cent to settle at 80,218.37.
Time of India
24-04-2025
- Business
- Time of India
Bharti Airtel dials DoT, seeks conversion of govt dues into equity
New Delhi: Bharti Airtel has written to the Department of Telecommunications (DoT) seeking to convert its government dues into equity as per the telecom reforms package of 2021. Officials aware of the details told ET that Airtel wants a level-playing field when it comes to conversion of statutory dues into equity after the recent move, wherein government stake in Vodafone Idea increased to over 49%. Airtel didn't immediately respond to ET's emailed query. The demand from Airtel comes amid the government putting on hold a proposal to waive off 50% interest and penalties of the adjusted gross revenue (AGR) dues. The DoT's AGR waiver proposal was an attempt to give some relief to telcos that have exhausted all legal remedies. The telecom industry, which had been reeling financially due to cutthroat competition since the entry of Reliance Jio in 2016, took a hit when the Supreme Court in October 2019 backed the government's view and levied Rs1.47 lakh crore of AGR dues. That comprised Rs92,642 crore of licence fees and spectrum usage charge (SUC) dues to the tune of Rs 55,054 crore. Nearly 75% of the dues consisted of interest, penalties and interest on penalties. In its September 2021 bailout plan, the government allowed a four-year moratorium on payment of AGR and other statutory dues. That moratorium ends September 2025 for spectrum dues and March-April 2026 for AGR dues. Thereafter, the deferred payment cycle will start in 2026 and run till 2031 with 10% to be paid by March 31 every year. Like Vodafone Idea, Airtel too had availed the four-year moratorium on payment of statutory dues. But unlike Vodafone Idea, Airtel till now didn't approach the government for conversion of statutory dues into equity.
