Latest news with #Rs99
Hans India
5 days ago
- Business
- Hans India
Silver climbs Rs 2,000 to lifetime high; Gold up Rs 430
New Delhi: Silver prices hit a lifetime high of Rs1,04,100 per kilogram in the national capital on Thursday, and gold prices jumped Rs430 in line with strong global cues, according to the All India Sarafa Association. Continuing the winning run for the fourth straight session, the white metal bounced Rs2,000 to hit a fresh peak of Rs1,04,100 per kilogram (inclusive of all taxes) in the local markets. HDFC Securities' Senior Analyst of Commodities Saumil Gandhi said the 'price of silver reached a new all-time high in the domestic market. The rally is supported by strong fundamentals, higher industrial demand, inflation hedging, and tight global supply'. On March 19, silver hit its previous all-time high of Rs1,03,500 per kg. Gold of 99.9 per cent purity appreciated Rs430 to Rs99,690 per 10 grams (inclusive of all taxes). The precious metal of 99.5 per cent purity increased Rs400 to Rs99,100 per 10 grams (inclusive of all taxes) on Thursday. The most traded July contract for silver futures rallied by Rs3,833, or 3.78 per cent, to hit an all-time high of Rs1,05,213 per kg on the Multi Commodity Exchange. Additionally, gold futures for August contracts climbed Rs635 to Rs99,214 per 10 grams. Meanwhile, spot gold in the international markets rose $21.58 per ounce, or 0.64 per cent, to $3,393.93 per ounce. 'Gold prices traded higher, supported by a weaker dollar and renewed safe-haven demand amid lingering tariff uncertainty and US debt concerns. Globally, gold scaled above $3,395 per ounce, while MCX gold gained to trade above Rs98,450,' Jateen Trivedi, VP Research Analyst, Commodity and Currency at LKP Securities, said. The broader sentiment in the bullion space remains positive, driven by geopolitical tensions and ongoing imbalance in global trade and financial dynamics, Trivedi added. Also, spot silver went up nearly 4 per cent to trade at $35.80 per ounce in the overseas markets. 'Spot silver has surpassed the previous resistance level of $35 per ounce and is trading above that mark, reaching a 12-year high,' Gandhi said. According to Abans Financial Services' Chief Executive Officer Chintan Mehta, investors are focused on Friday's US non-farm payroll report for further clues on the Federal Reserve's monetary policy direction. In addition, any new geopolitical developments could add another layer of uncertainty, once again driving investors toward the safe haven of gold, Mehta said
Time of India
22-05-2025
- Business
- Time of India
Nashik civic body to increase Ram Kal Path's width to 9m
Nashik: The Nashik Municipal Corporation (NMC) has decided to widen the existing route of Ram Kal Path from the present width of 7.5 metres to 9 metres. The NMC administration has sent a proposal for acquiring the required land for the road widening to the land acquisition department of state govt. The proposal was sent after the NMC's general body gave its approval for the land acquisition, in the the recent meeting. Moreover, the project consultant and NMC teams conducted a joint inspection of the route on Wednesday. The staff deployed by the NMC also made dem arcations on the route after the inspection. The centre has approved Rs99 crore for the Ram Kal Path project, which includes the development of the zone from Ramkund in Godavari to Kalaram Temple and Seetagumpha, in a bid to boost tourism here. NMC has received Rs 65 crore so far from the Centre. The stretch of the Ram Kal Path project is around 1.3 km. NMC officials said there are six wadas on the route, which are dilapidated and risky. Hence, all the dangerous structures of these six wadas on the route are to be removed. "Notices have also been issued to the owners of these six dilapidated wadas. We will acquire the land of these wadas that is required for the widening of the road from the present 7.5 metres to 9 metres, as per the development plan of the NMC that was approved by state govt in 2016. The required land is to be acquired from both sides," said NMC officials. We have also sent proposals for the acquisition of the land to the land acquisition department of the state govt, said NMC officials.
Time of India
16-05-2025
- General
- Time of India
NMC to demolish six wadas to pave way for Ram Kal Path
Nashik: The Nashik Municipal Corporation (NMC) has decided to raze six dangerous wadas along the Ram Kal Path — designed from Seeta Gumpha near Kala Ram Mandir to Ram Kunda in the Panchavati area. The civic body aims to complete this project, which is part of a centrally funded religious tourism initiative , to deliver a heritage look to the 1.3-km-long walkway with a forest-themed surroundings. Considering the design, there is a need to remove some structures along the road to ensure it is wide enough to accommodate the footfall of pilgrims, especially during the Simhastha Kumbh Mela to be held during 2026-28. "As part of the preparations, the NMC has decided to remove the dangerous structures that could likely cause problems. Hence, these six wadas have been marked as dangerous, and the residents are being relocated,"a senior civic official said. The structures that are to be removed are Inamdar Wada, Kelkar Wada, part of More Wada, Tulshidas Dharamshala, and two others. "The work must begin at the earliest as the project is being monitored by central govt. We may face some opposition from the locals, but the administration is taking them into confidence. The administration will have to appropriately compensate them and that is also under positive consideration," the official added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Ecuatoriano: descubre cómo ganar más con Amazon CFD. Empezar ahora Registrarse Undo Central govt will provide Rs99 crore for the Rs150 crore project, out of which Rs65 crore has already been disbursed. The NMC will seek Rs50 crore from the state tourism department. The project aims to develop the entire zone in a way that people walking through will experience the era of Lord Ram. Keshav Patil, one of the affected residents who have been notified by the civic body, said that he would not move out of the wada. "We live in the heart of the city. We do not have money to buy property here. Where will my family members and I go? Govt compensation is not enough to relocate as it does not match the market rates of the property. I along with others will meet the NMC commissioner to discuss the steps being taken unilaterally," he said.
Business Standard
16-05-2025
- Entertainment
- Business Standard
Neela Mediatech announces the early access of its TMKOC PLAYSCHOOL; the gamified education app to first 1000 users at just INR 99/-
VMPL Mumbai (Maharashtra) [India], May 16: Asit Kumarr Modi through an invitational video announced the early access release of the TMKOC Playschool app for first 1000 users. The latest offering from Neela Mediatech is an app that offers gamified learning experience for children aged one to six. Early access begins 16 May 2025, and the first 1,000 subscribers can sign up for just Rs99 for the annual plan. The TMKOC Playschool app creates a playful and culturally rooted space for young learners. With more than 500+ games in 10+ Indian and international languages. It also has the distinction of being the only app in the world to offer something for parents too. Parents can track their child's progress in both absolute and relative terms. They can see which skills their child is picking up quickly and where they might need more assistance. The app also provides a daily updated ranking at the city, state, national, and global levels, helping parents stay closely connected to their kid's learning journey. "Our cultural and traditional values are our strength. They need to be reinforced with our little kids as well. TMKOC PlaySchool is a step in that direction. With TMKOC Playschool kids will learn physics, maths, life skills, music, shape, size, numbers, aplhabets, and in addition they will also pick up our cultural nuances, traditional values while engaging with the app." said Mr. Asit Kumarr Modi, Founder of Neela Film Productions and Neela Mediatech. Harjeet Chhabra, CEO of Neela Mediatech, said, "With early access to the TMKOC Playschool app, we are inviting families to experience the first step of a platform designed to grow with their children. We are focused on building trust, listening to feedback, and shaping a product that brings real value to early learners. The TMKOC universe has always been part of Indian homes. This is our way of deepening that connection through learning." The app will be available for early access on starting 16 May for first 1,000 kids. The early access subscription is being offered at just Rs99 instead of Rs999 per year. Mr. Asit Kumarr Modi's invitational video announced the early access release of the TMKOC Playschool app - About Neela Mediatech Neela Mediatech is the digital subsidiary of Neela Film Productions, focused on building IP-driven business across gaming, animation, merchandise, and gamified learning. The company has developed and scaled original digital offerings rooted in the cultural legacy of Taarak Mehta Ka Ooltah Chashmah -- including top-charting mobile games, the widely popular TMKOC Rhymes YouTube channels, exciting line of merchandise, and gamified learning app called PlaySchool. Led by the visionary Mr. Asit Kumarr Modi, Neela Mediatech continues to expand the legacy of creativity and innovation established by Neela Film Productions. As the creative force behind a wide range of fiction and non-fiction shows for leading broadcasters, Taarak Mehta Ka Ooltah Chashmah, is the crown jewel. With nearly 17 years on air and over 4,400 episodes, the show's characters, humour, and cultural relevance have laid the foundation for a robust digital universe that now reaches millions across platforms and age groups. For media queries, please contact: Sonia Kulkarni | Hunk Golden and Media 9820184099 |
Business Recorder
08-05-2025
- Business
- Business Recorder
Wafi Energy rebounds strongly
Wafi Energy Pakistan Limited (formerly Shell Pakistan) has reported a strong financial turnaround in 1QCY25, posting a net profit of Rs873 million, which is an increase of 178 percent year-on-year. This performance comes amid a transitional period following the acquisition by Wafi Energy Holding and within a broader context of macroeconomic volatility and sector-wide regulatory challenges affecting oil marketing companies in Pakistan. Although net sales declined by 7 percent year-on-year in 1QCY25 to Rs99 billion due to both pricing and volume pressures, the gross profit remained largely stable. Despite the decline in revenue, the gross margin improved slightly to 6.32 percent from 6.04 percent in the same period last year, indicating effective cost containment. A significant contributor to this performance was the reduction in distribution and marketing expenses by 21 percent and administrative costs by 14 percent, which allowed the company to post a 71 percent increase in operating profit. This improvement was achieved despite other expenses spiking by over 41 times, likely due to non-recurring or transitional costs. Other income increased by 24 percent year-on-year, helping to further strengthen the bottomline. Finance costs rose by 13 percent, but this was well absorbed due to the operating gains. Share of profit from associates increased by 7 percent. Wafi's lubricants business was a major driver of performance. The consumer segment recorded double-digit volume growth supported by prominent marketing campaigns and partnerships, including Shell Helix's branding during the ICC Champions Trophy 2025, the company reported. The industrial segment maintained its leadership position in the mining sector and benefitted from strong original equipment manufacturer (OEM) partnerships and robust cash collections. The mobility business also showed progress, with the launch of four new Shell-branded retail sites and upgrades to three existing ones. Premium fuel sales through Shell V-Power reached record levels, reflecting changing consumer preferences. The company is, however, facing increased cost pressures due to recent regulatory changes such as the shift in the sales tax collection framework. These changes have led to higher operating costs and constrained cash flows, which is an industry-wide concern. Wafi Energy is currently working with regulators and industry stakeholders to push for a revision in margins to reflect the new cost realities. On the liquidity front, the company's cash flow from operations rose significantly to Rs10.7 billion compared to a net outflow in the same quarter last year. This was primarily driven by improved working capital management and timely recovery of receivables.
