Yesterday's big news was related to gold. The price of gold has crossed Rs 77,000 per 10 grams for the first time. Gold has become costlier by Rs 600 and has reached the level of Rs 77,410. On the other hand, Byju's founder Byju Raveendran said that during difficult times, his colleagues left him, due to which the situation of the company had worsened.
Before tomorrow's big news, today's major events to keep an eye on…
- The stock market will remain closed today due to Saturday holiday.
- HDFC Bank-Tech Mahindra's second quarter results will come.
- There has been no change in the prices of petrol and diesel.
Now read tomorrow's big news…
1. Gold crossed 77 thousand for the first time: Price increased by ₹ 600, became costlier by more than ₹ 14,000 this year; Silver rises by ₹683
On Friday, the price of gold crossed Rs 77,000 per 10 grams for the first time. According to the data of India Bullion and Jewelers Association (IBJA), on October 18, gold became costlier by Rs 600 and reached the level of Rs 77,410.
At the same time, silver became costlier by Rs 683 and reached Rs 92,283 per kg. A day before this, silver was at Rs 91,600. The all-time high of silver is Rs 94,280 per kg which it made on 29 May 2024.
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2. Byju's founder said – I am not a fraud, I will make a comeback: Big investors are responsible for the net worth becoming zero, they left, hence the situation worsened.
Byju Raveendran, founder of edtech company Byju's, which is facing financial crisis, said that during difficult times, his colleagues left him, due to which the situation of the company had worsened. Raveendran said this in the virtual media briefing. During this, he talked about many issues including the worst phase of his company, net worth being zero as well as dispute with BCCI, raising funds, reasons for leaving India and staying in Dubai.
Raveendran said that his company is not fraudulent. He said that we have not committed any mistake intentionally. No fraud has been committed. If there was fraud, the founders would have withdrawn the money. I don't invest all my money in the company. He said, 'I don't want to give a deadline, but I will return'.
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3. Jio Finance's profit of Rs 689 crore in the second quarter: increased by 3% on annual basis, interest income was Rs 205 crore; Shares rose 52% in one year
Jio Financial Services Limited, a non-banking financial company (NBFC) of Reliance Industries, has made a profit of Rs 689 crore in the second quarter of the financial year 2024-25. There has been an increase of 3.13% on annual basis. The company had made a profit of Rs 668.18 crore in the same quarter a year ago.
Jio Finance's net interest income (NII) stood at Rs 204.98 crore in the July-September quarter. It was Rs 186.06 crore in the same quarter a year ago. There is an increase of 10.16% on annual basis.
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4. Ashneer withdrew the petition filed against Bharat Pay: Had demanded reinstatement as MD, dispute was going on since 2022
BharatPe co-founder Ashneer Grover has withdrawn his petition from the National Company Law Tribunal (NCLT). In this he had accused the board of the fintech firm of oppressive conduct and mismanagement.
Ashneer Grover has withdrawn the petition from the Delhi bench of NCLT after reaching a settlement with the company on 30 September 2024. The lawyer appearing for Grover had also placed a copy of the settlement agreement before the NCLT.
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5. Bajaj Pulsar N125 Revealed in India: Expected price between ₹90,000 to ₹1.10 lakh, competes with TVS Raider and Hero Xtreme-125R
Bajaj Pulsar N125 has been revealed ahead of its launch in India. However, the company has not yet given any information about the technical specification and price of the bike.
The new Pulsar N125 has been given a particularly aggressive Pulsar styling. The company says that this bike has its own identity, which makes it different from other models. The LED headlight of this bike is a brand-new unit and the N125 has a lot of plastic cladding at the front.
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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…
Graphics Source: VaskarAssets
