NEWS HEADLINES PUNJAB
Get the latest updates, insights, and analysis on business trends, market developments, and economic news from Punjab and beyond.
Billionaire Blues: Ambani Adani Wealth Drop below $100 Billion Mark What goes up must come down—a phrase that resonates profoundly with Mukesh Ambani and Gautam Adani, two of India’s most prominent billionaires. The year 2024 has seen both titans of industry fall from their once-lofty positions in the centibillionaire club, a category reserved for individuals … Read more
Govt Ends Windfall Gains Tax on Crude Oil, Fuel Exports New Delhi, Dec 2: After nearly two-and-a-half years of its implementation, the government has officially withdrawn the windfall gains tax imposed on domestic crude oil production and fuel exports. This decision was announced on Monday through Finance Ministry notifications laid before Parliament. The removal of … Read more
Gold prices dropped Rs 813 to Rs 76,315 per 10 Grams in Futures Trade New Delhi, Dec 2 (PTI): Gold prices on Monday declined significantly in futures trade, falling by Rs 813 to settle at Rs 76,315 per 10 grams. The dip, a 1.05% decrease, was recorded on the Multi Commodity Exchange (MCX) in contracts … Read more
Adani Green Energy Shares Gain Amid Dollar Bond Revival Talks Shares of Adani Green Energy Limited (AGEL) are poised for heightened investor attention following key announcements and clarifications from the Adani group. The conglomerate’s Chief Financial Officer, Jugeshinder Singh, outlined plans to potentially revive a dollar bond issuance that was earlier scrapped due to legal … Read more
Reliance Industries Future Position Hit 18Yr High Amid Stock Weakness The futures contracts for Reliance Industries Limited (RIL) have reached their highest level in 18 years, reflecting increased bearish bets against the stock. Analysts suggest that the stock’s oversold condition, combined with a potential shift in sentiment, could result in sharp price movements in the … Read more
Life Insurance Corporation (LIC) of India has seen a remarkable upswing in LIC share price over the past week. Following a challenging period for insurance stocks, LIC shares have bucked the trend, gaining 11% over six successive sessions. Stock market experts attribute this surge to two primary catalysts: regulatory developments in the insurance sector and … Read more
Bengaluru Stock Scam, Engineer Loses ₹91 Lakh in Fake Market A 39-year-old software engineer from Bengaluru, identified as Ranjan (name changed), fell victim to an elaborate stock market scam, losing a staggering ₹91 lakh. The fraud, executed via fake trading apps and promises of massive returns, underscores the alarming rise of financial scams in India. … Read more
China Explore World Largest $80 Billion Gold Deposit in Hunan Province In a groundbreaking development, China has announced the discovery of what is believed to be the largest known gold deposit in the world. This historic find, located in Pingjiang County, Hunan Province, has been valued at an estimated $80 billion (approximately £63 billion). The … Read more
Rakesh Jhunjhunwala Portfolio 2024; Top Stocks and Insights The Legacy of Rakesh Jhunjhunwala Rakesh Jhunjhunwala, often called the “Warren Buffett of India,” left behind a formidable legacy in the Indian stock market. Known for his sharp investment acumen, he built an empire from humble beginnings, turning a mere ₹5,000 into billions. Though he passed away … Read more
Rekha Jhunjhunwala Multibagger RPEL Stock Falls, Real Bonus Adjustment A Multibagger Stock ‘Fall’ Misunderstood Investors were taken aback today as Raghav Productivity Enhancers Ltd (RPEL), a stock from Rekha Jhunjhunwala’s multimillion-dollar portfolio, displayed a 50% drop on trading platforms. However, this decline is not a real loss but a reflection of the adjustment due to … Read more