Yesterday's big news was related to BSNL and the price of gold and silver. Government company Bharat Sanchar Nigam Limited (BSNL) on Tuesday launched 7 new services including SIM kiosk. Telecom Minister Jyotiraditya Scindia has launched these services. The new logo of the telecom company has also been unveiled.
Gold and silver prices again reached their all-time high on Tuesday (22 October). According to data from India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold increased by Rs 18 to Rs 78,232. A day before this, its price was Rs 78,214 per ten grams.
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 Wednesday.
- There has been no change in the prices of petrol and diesel.
Now read tomorrow's big news…
1. BSNL launches automated kiosk: Will be able to buy and upgrade SIM card, 7 new services started; logo also changed
Government company Bharat Sanchar Nigam Limited (BSNL) on Tuesday launched 7 new services including SIM kiosk. Telecom Minister Jyotiraditya Scindia has launched these services. The new logo of the telecom company has also been unveiled.
BSNL has launched a National Wi-Fi Roaming Service for its Fiber Internet customers. This means that users can enjoy high-speed internet on BSNL hotspot without any extra charges.
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2. Gold reached record high of ₹ 78,232: So far this year, it became costlier by ₹ 14,880, silver also reached ₹ 97,254 per kg.
Gold and silver prices reached their all-time high on Tuesday (October 22). According to data from India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold increased by Rs 18 to Rs 78,232. A day before this, its price was Rs 78,214 per ten grams.
At the same time, the price of silver also increased by Rs 381 and it is being sold at the price of Rs 97,635 per kg. A day before this, silver was at Rs 97,254. Earlier yesterday also gold and silver had made all time high.
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3. India's GDP growth will be 7% in FY-25: IMF said- Indian economy will grow at the rate of 6.5% in FY-26.
The International Monetary Fund (IMF) has maintained India's Gross Domestic Product (GDP) growth estimate at 7% for the financial year 2024-25. At the same time, the GDP estimate for the financial year 2025-26 has also been maintained at 6.5%.
Earlier in July, IMF had increased India's GDP growth estimate by 0.20% to 7% for the financial year 2024-25. Then the GDP estimate for the financial year 2025-26 was said to be 6.5%. In April also, IMF had given the same estimate for FY26.
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4. Food delivery company Zomato's profit increased by 388%: increased from Rs 36 crore to Rs 176 crore, revenue increased by 68% in the July-September quarter.
Food delivery company Zomato's profit in the July-September quarter has increased by 388% on an annual basis to Rs 176 crore. The company's consolidated net profit in the same quarter a year ago was Rs 36 crore.
Zomato released its results for the second quarter of financial year 2024-25 on Tuesday, October 22. The company's revenue in the second quarter increased by 68.50% to Rs 4,799 crore. Revenue in the same quarter a year ago was Rs 2,848 crore.
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5. Sensex fell 930 points and closed at 80,220: Nifty also fell 309 points, BSE Small Cap fell 2,118 points.
The Sensex closed at 80,220 on Tuesday (October 22), down 930 points (1.15%). At the same time, Nifty also declined by 309 points (1.25%), it closed at the level of 24,472.
At the same time, BSE Small Cap fell by 2,118 points (3.81%) and closed at 53,530. Out of 30 Sensex stocks, 27 declined and 3 rose. Out of 50 Nifty stocks, 47 declined and 3 rose. All sectors of NSE closed with a decline.
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6. Adani Green's second quarter profit increased by 39%: Income increased by 30% to ₹ 3,376 crore, share gave 91% return in one year.
Adani Group company 'Adani Green Energy' has made a net profit of Rs 515 crore in the second quarter of the financial year 2024-25. There has been an increase of 39% on annual basis. In the same quarter a year ago, the company had registered a net profit of Rs 371 crore.
The company has earned an income of Rs 3,376 crore in the July-September quarter. A year ago, i.e. in the second quarter of the financial year 2023-24, the company's income was Rs 2,589 crore. There has been an increase of 30.4% on annual basis.
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7. Paytm net profit of ₹ 930 crore in Q2FY25: This included ₹ 1,345 crore from sale of movie ticketing business, share fell by more than 4%
Paytm's parent company One 97 Communications has made a net profit of ₹ 930 crore in the second quarter of FY 2024-25, compared to a loss of ₹ 290.5 crore in the same period last year. There was a one-time contribution of ₹1,345 crore to the company's net profit.
Excluding the amount from the sale of movie ticketing business, Paytm has suffered a loss of ₹415 crore in this quarter, which is more than the loss recorded in the same quarter last year. The company has released the results of Q2FY25 i.e. July-September on Tuesday (22 October).
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8. Hyundai's share listed at ₹ 1931, down 1.5%: Issue price was ₹ 1960, total was subscribed 2.37 times, country's biggest IPO.
Hyundai Motor India shares listed at ₹1931 on the Bombay Stock Exchange (BSE), 1.5% below the issue price. The shares listed at ₹1934, down 1.3% from the issue price on the National Stock Exchange (NSE). Its issue price was ₹1960.
After the day's trading, Hyundai shares closed at Rs 1820.40, down 7.12% from the issue price on BSE. The initial public offer (IPO) of Hyundai Motors was open for bidding from October 15 to October 17.
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9. Ambuja Cements will buy 46.8% stake of Orient Cement: Deal made for Rs 8,100 crore, company will also bring open offer for 26% stake.
Adani Group's Ambuja Cements Ltd on Tuesday (October 22) announced that it will acquire 46.8% stake in Orient Cement Ltd (OCL) for Rs 8,100 crore. This deal will be completed by purchasing stocks from the promoters of OCL and some public shareholders at the rate of Rs 395.4 per share.
Ambuja Cements said that the acquisition will take place in 2 phases. Ambuja Cements will acquire 37.9% stake from the promoters of OCL and 8.9% from certain public shareholders. After this the company will launch an open offer to acquire 26% stake.
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10. Vaari Energies' IPO subscribed 3.34 times on the first day: Deepak Builders' issue also subscribed 4.18 times, today is the second day of bidding.
Today is the second day of bidding for the Initial Public Offer i.e. IPO of Vaari Energies Limited and Deepak Builders and Engineers India Limited. Waari Energies' IPO was subscribed 3.47 times on the first day. The issue was subscribed 3.34 times in the retail category, 0.08 times in the Qualified Institutional Buyers (QIB) category and 8.22 times in the Non-Institutional Investors (NII) category.
At the same time, the IPO of Deepak Builders and Engineers India was subscribed a total of 4.18 times. The issue was subscribed 6.22 times in the retail category, 0.52 times in the Qualified Institutional Buyers (QIB) category and 4.28 times in the Non-Institutional Investors (NII) category. Shares of both the companies will be listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on October 28.
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11. Mercedes-Benz G63 facelift launched in India, price ₹ 3.60 crore: SUV gets new mild hybrid engine and updated technology, competes with Land Rover Defender
Mercedes-Benz India on Tuesday (October 22) launched the facelift version of the Mercedes-AMG G63 in India. The starting price of the car has been kept at Rs 3.60 crore (ex-showroom Pan-India).
More than 120 units of the first batch have already been booked for India. However, the company has opened bookings for the second batch, which is expected to be delivered in the third quarter of 2025.
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Know the condition of tomorrow's share market and gold and silver…
Know the latest price of petrol, diesel and gas cylinder…
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