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Mint
4 days ago
- Business
- Mint
LIC-owned NBFC stock to be in focus on Wednesday; Here's why
LIC-owned small-cap non-banking financial company (NBFC, Paisalo Digital shares will be in the focus of stock market investors on Wednesday, 25 June 2025, after the company approved a ₹ 480 crore fundraising allocation via commercial papers on Tuesday, 24 June 2025, according to an exchange filing. Paisalo Digital 'approved the allocation of Commercial Papers (CPs) in one or more tranches aggregating up to ₹ 480,00,00,000 ( ₹ 470 crore) on a private placement basis,' as per the BSE filing. As per the filing data, the company also approved the allotment of 600 listed commercial papers amounting to ₹ 30 crore via another private placement. 'Approved the allotment of 600 Listed Commercial Papers (CPs) of the Face Value of ₹ 5,00,000 ( ₹ 5 lakh) each aggregating of ₹ 30,00,00,000/- ( ₹ 30 crores) through private placement,' said the company in the filing. Commercial papers are short-term unsecured debt instruments which are used by companies to raise funds in single or multiple tranches to fulfil their working capital needs or other commitments. Paisalo Digital shares closed 2.71% higher at ₹ 30.29 after Tuesday's stock market session, compared to ₹ 29.49 in the previous market session. The company announced the allotment of the commercial papers during the stock market session on 24 June 2025. The shares of the LIC-owned small-cap NBFC have given stock market investors more than 175 per cent returns on their investment in the last five years. However, the shares have lost more than 60 per cent in the last one-year period. On a year-to-date (YTD) basis, the shares are down 38.85 per cent. Paisalo Digital shares hit their 52-week high levels at ₹ 81.95 on 12 July 2024, while the 52-week low level was at ₹ 29.40 on 20 June 2025, according to BSE data. The shares are currently trading above their 52-week low levels. The company's market capitalisation (M-Cap) stands at ₹ 2,732.52 crore as of the stock market close on Tuesday, 25 June 2025. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
The Hindu
4 days ago
- Sport
- The Hindu
Aurionpro Grandmaster tournament
A passed pawn did the trick as Lalit Babu beat Levan Pantsulaia with black and emerged the champion with eight points from nine rounds in the Aurionpro Grandmaster chess tournament at the World Trade Centre here on Tuesday. The 32-year-old Lalit was tied with Mamikon Gharibyan, who also capitalised on a passed pawn to prevail in 95 moves against Neelotpal Das. The tie-breaker score put Lalit ahead. The champion won Rs.4,00,000 and the runner-up Rs.3,00,000. Deepan Chakkravarthy finished fifth behind Duc Hoa Nguyen and Boris Savchenko, and collected Rs. 1.25 lakh. In the under-13 section, Madhesh Kumar won the title outright with eight points, and pocketed Rs. 200,000. Advik Agrawal finished runner-up and won Rs. 1.5 lakh. The results: Ninth round: Mamikon Gharibyan 8 bt Neelotpal Das 7; Levan Pantsulaia 6.5 lost to Lalit Babu 8; Van Huy Nguyen 7 drew with Manuel Petrosyan 7; Boris Savchenko 7.5 bt Aleksej Aleksandrov 6.5; Siddhanth Poonja 6.5 lost to Deepan Chakkravarthy 7.5; Duc Hoa Nguyen 7.5 bt David Gochelashvili 6.5; Arsen Davtyan 7 bt Shankhodip De 6; Alexei Fedorov 7 bt Rupesh Jaiswal 6; Viresh Sharnarthi 6 lost to Nayaka Budhidharma 7; Avirat Chauhan 7 bt Sherla Prathamesh 6; Luka Paichadze 6.5 bt Alluri Reddy 6; Hrishikesh Kumar 5.5 llost to Mihail Nikitenko 6.5. Final placings: 1. Lalit Babu; 2. Mamikon Gharyban; 3. Duc Hoa Nguyen; 4. Boris Savchenko; 5. Deepan Chakkravarthy. U-13: Advik Agrawal 7.5 bt Aansh Nerurkar 7; Madhesh Kumar 8 bt Vyom Malhotra 6.5; Madhvendra Sharma 7 bt Shaunak Badole 6.5 R Nijesh 6.5 drew with Aadik Lenin 6.5; Adhiraj Mitra 6.5 drew with Siddhant Salunke 6.5; Jagreet Misra 7 bt Anvita Sathi 6. Final Placings: 1. Madhesh Kumar; 2. Advik Agrawal; 3. Aansh Nerurkar.
Mint
4 days ago
- Business
- Mint
Gold prices today in your city: Check prices in Mumbai, Bengaluru, Chennai, Hyderabad, New Delhi and Kolkata on June 24
Gold, silver prices in your city, June 24: Gold prices are facing fresh downward pressure after U.S. President Donald Trump announced a ceasefire in the Iran-Israel conflict, leading to a decline in demand for traditional safe-haven assets. As geopolitical tensions subside, market focus is returning to underlying fundamentals, which at present provide limited support for further gains in gold. Experts believe that gold and silver serve as safe-haven assets that cautious investors can rely on to protect their portfolios. In the last two decades, gold prices have surged by an astounding 1,200 per cent, rising from ₹ 7,638 in 2005 to over ₹ 1,00,000 by June 2025, while posting positive returns in 16 years. So far in 2025, gold has climbed 31 per cent, consistently hitting record highs and reinforcing its status as one of the year's best-performing assets and a dependable hedge. Silver, too, has demonstrated strength, maintaining levels above ₹ 1 lakh per kilogram for the past three weeks. Between 2005 and 2025, silver prices have appreciated by a robust 668.84 per cent. The MCX gold index was at ₹ 98,807/10 gm at 10.20 am on June 24, the official website showed. Meanwhile, MCX silver prices were at ₹ 1,05,934/kg, it showed. Further, 24-carat gold was priced at ₹ 99,250/10 gm, according to data on the Indian Bullion Association (IBA) at 10.20 am on June 23. Further, 22-carat gold was priced at ₹ 90,979/10 gms. Silver prices today are at ₹ 1,06,980/kg (Silver 999 Fine), as per the IBA website. So, check here gold and silver prices in your city today on June 23 — Delhi, Kolkata, Mumbai, Hyderabad, Bengaluru, and Chennai. Notably, for retail customers, jewellers may add making charges, taxes and GST to the bill, which could hike the final price for you. • MCX Gold rate in Mumbai — ₹ 99,870/10 gm. • MCX Silver 999 rate in Mumbai — ₹ 1,09,000/kg. • MCX Gold rate in New Delhi — ₹ 1,00,020/10 gm. • MCX Silver 999 rate in New Delhi — ₹ 1,09,000/kg. • MCX Gold rate in Kolkata — ₹ 99,870/10 gm. • MCX Silver 999 rate in Kolkata — ₹ 1,09,000/kg. • MCX Gold rate in Bengaluru — ₹ 99,870/10 gm. • MCX Silver 999 rate in Bengaluru — ₹ 1,09,000/kg. • MCX Gold rate in Hyderabad — ₹ 99,870/10 gm. • MCX Silver 999 rate in Hyderabad — ₹ 1,09,000/kg. • MCX Gold rate in Chennai — ₹ 99,870/10 gm. • MCX Silver 999 rate in Chennai — ₹ 1,09,000/kg. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
IOL News
6 days ago
- Business
- IOL News
EFT payments and cybercrime: Court says car buyer is liable to ensure money is paid into the correct account
In a case involving cybercrime, the Supreme Court of Appeal ruled that it is the duty of a buyer to ensure that the money is paid into the seller's correct bank account. Image: File Cybercrime was once again the topic of a legal wrangle - this time before the Supreme Court of Appeal, which found that payment via electronic transfer (EFT) is only complete when the funds are received by the correct account holder. This judgment followed legal proceedings between two car sale companies – with the one who bought two bakkies from the other only to discover after delivery of the vehicles that cybercriminals had intercepted the electronic payment made for the vehicles. None of the parties were prepared to take the financial loss, and the seller initially turned to the regional court in Louis Trichardt to get its R290,000 back – the price at which it sold the two bakkies. The lower court earlier ruled that Hyundai Louis Trichardt had to pay Northcliff Nissan the R290, 000 for the vehicles. The magistrate reasoned that the two car dealerships had a contract in place and, cybercrime or not, Northcliff Nissan was due payment for the two bakkies. Aggrieved with this judgment, Hyundai successfully turned to the Limpopo High Court, sitting in Thohoyandou, to appeal the lower court's verdict. But Northcliff Nissan took the matter on appeal to the SCA. The risk of erroneous payment due to the cybercrime was that of the payer in this instance, the SCA found. 'A debtor bears the risk of misdirected EFT payments and must ensure that the payment is made to the correct bank account,' it said. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad Loading The court added that the onus of proof in contract disputes over payment lies with the payer (debtor). 'Cybercrime risks do not automatically shift liability to the payee, and the courts will not impose an overarching legal duty on creditors to protect debtors from cyber fraud,' the court said. The court was told that in October 2018, Hyundai purchased two Nissan bakkies from Northcliff Nissan for the sum of R145,000,00 each. Northcliff Nissan emailed the invoices for both vehicles to the buyer. The invoices provided details of the nominated bank account for payment of the purchase price for the bakkies. On the same day, Hyundai paid for one bakkie and emailed proof of payment to Northcliff Nissan, after which the bakkie was then delivered. A few days later, Hyundai made another payment and took delivery of the second bakkie. At that stage, no one realised that cybercriminals were at work. Approximately a week later, Northcliff Nissan told Hyundai that payment of the purchase price for the bakkies had not been reflected in its bank account. It then became clear to the parties that the emails had been intercepted and the bank account details on the invoices were altered by a cyber fraudster. The parties realised that they were victims of business email compromise (BEC), a cybercrime that has become popular in this technological age of electronic communication and payment.
Hans India
18-06-2025
- Business
- Hans India
Gold falls Rs 1,200, silver up by Rs 100
New Delhi: Gold prices declined by Rs1,200 to Rs1,00,170 per 10 grams in the national capital on Tuesday due to continuous selling by jewellers and stockists in line with weak global trends, according to the All India Sarafa precious metal of 99.9 per cent purity had closed at Rs1,01,370 per 10 grams in the previous market session. Gold of 99.5 per cent purity dipped below the Rs1 lakh mark, by falling Rs1,100 to Rs99,450 per 10 grams. It had settled at Rs1,00,550 per 10 grams on Monday. "Gold corrected further as traders reevaluated the likelihood of a full-scale regional war between Israel and Iran. This shift follows reports suggesting that Iran is actively pursuing a diplomatic resolution to its escalating conflict with Israel. "The potential for a fragile truce has fostered a bearish sentiment among gold traders," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said. However, silver prices went up by Rs100 to Rs1,07,200 per kilogram on Tuesday. The white metal had ended at Rs1,07,100 per kg in the previous market close. Globally, spot gold was trading lower at $3,380.65 per ounce. Meanwhile, spot silver went up 0.44 per cent to $36.47 per ounce in the international markets.
