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Day: August 3, 2024

SGB holders to earn 122% income from August 2016 issue as RBI sets redemption price at Rs 6,938/gram

Investors in the 2016-17 SGB Series I scheme have seen their investment grow by an impressive 122% (Rs 3,819) over the initial issue price of Rs 3,119 per gram. This excludes an additional 2.5% interest income provided by the government. The bonds, issued on August 5, 2016, mature eight years after their issue date.

Will banks continue to do heavy lifting for indices amid earning challenges?

The Budget’s capital gains tax changes caused a stir in the market, forcing sell-side analysts to defend their optimistic stock valuations despite the negative tax impact. This added to existing challenges in the market.

Brokerages initiate coverage on Zomato, 6 other stocks; see up to 30% upside potential

Jefferies has given Muthoot Finance a “Buy” rating with a target price of Rs 2,200, suggesting a potential upside of approximately 17% from current market prices.

BHEL, Bharti Airtel among 92 stocks with dividend, bonus, split next week. Do you own any?

BHEL, Eicher Motors, Bharti Airtel, and NTPC were among companies gearing up for attention due to upcoming record dates for dividends, bonus issues, and stock splits. Key dates ranged from August 5 to August 9, with major announcements anticipated from firms like Britannia, NTPC, and Rajoo Engineers concerning final dividends and bonus issues.

Gold’s appeal as haven rises in a tumultuous week as US economic concerns weigh on Street

Gold prices dipped slightly on Friday but experienced a 2.30% weekly gain due to weak US economic data affecting yields and the Dollar Index. Central banks continued purchasing gold, and poor job reports increased expectations for potential rate cuts. Geopolitical tensions also supported gold prices, indicating market volatility.

Agriculture a key focus area of development strategy in India: Niti member Ramesh Chand

​​Addressing the 32nd International Conference of Agricultural Economists (ICAE), Chand said that according to the World Bank data, India achieved the highest growth rate in GDP agriculture in the world in the last 10 years.

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