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News18
8 hours ago
- Business
- News18
Silver futures fall Rs 1,839 to Rs 1,11,025/kg
Agency: PTI Last Updated: New Delhi, Jul 31 (PTI) Silver prices on Thursday declined by Rs 1,839 to Rs 1,11,025 per kilogram as participants reduced their bets. On the Multi-Commodity Exchange, silver contracts for September delivery fell Rs 1,839, or 1.63 per cent, to Rs 1,11,025 per kilogram in a business turnover of 16,633 lots. Analysts said a sell-off by participants at existing levels in the market weighed on silver prices. Globally, silver was trading 0.14 per cent lower at USD 36.99 per ounce in New York. PTI DR BAL BAL view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
5 days ago
- Business
- News18
Himachal govt to auction securities worth Rs1,000 crore
Agency: PTI Shimla, Jul 26 (PTI) Reeling under an acute financial crunch, the Himachal Pradesh government has notified Government Stock (securities) of a 22-year tenure to raise Rs 1,000 crore, and the proceeds would be utilised for development programmes, officials said on Saturday. The auction will be conducted by the Reserve Bank of India, at its Mumbai Office, on July 29, 2025. Bids for the auction would be submitted in electronic format, on E-Kuber Core Banking Solution of the RBI, and the consent of the central government has been obtained for floating the loan as required by Article 293(3) of the Constitution. As per the notification, the securities will be of 22-year tenure commencing on July 30, 2025, and the loan will be repaid at par on July 30, 2047, and the interest will be paid on a half-yearly basis on January 30 and July 30 every year. The competitive bids will be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) system, while the non-competitive bids will also be submitted electronically on the E-Kuber system. The result of the auction will be displayed by the RBI on its website on the same day, and the payment by successful bidders will be made on July 30, 2025, before the close of banking hours. The state government had been procuring loans through the sale of government securities in the past, and such loans were procured in 2020, 2023, 2024 and now in 2025 also. PTI BPL BAL BAL (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 26, 2025, 21:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
24-07-2025
- Business
- News18
Manaksia Coated Metals Q1 net profit grows to Rs 14 cr
Agency: PTI New Delhi, Jul 24 (PTI) Manaksia Coated Metals on Thursday reported a multi-fold rise in its consolidated net profit to Rs 14 crore in the April-June quarter, supported by a rise in income. It had posted a net profit of Rs 3 crore in the first quarter of the preceding 2024-25 financial year, the company said in a statement on Thursday. The company's total income rose to Rs 254 crore from Rs 195 crore, a year-on-year (y-o-y) rise of 30 per cent. Exports contributed Rs 141.83 crore, which is 56.78 per cent of the total revenue, whereas domestic revenue contributed Rs 107.95 crore, which is 43.22 per cent of the total revenue. Karan Agrawal, whole-time Director, Manaksia Coated Metals, said, 'FY26 has commenced on a strong note…As we move into Q2 FY26, we have a solid order book in place, Rs 337 crore from exports and Rs 113 crore from domestic markets". PTI ABI ABI BAL BAL Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
22-07-2025
- Business
- News18
Adani group firm to develop Paytms IT complex in Noida
New Delhi, Jul 22 (PTI) Adani group firm Manorview Developers will develop IT and ITes complex of fintech firm One97 Communications, which owns Paytm brand, in Noida, the company said in a regulatory filing. Paytm was allocated a 10-acre plot in Sector 159 of Noida for the development of the complex in 2018 by the Noida Authority. 'We wish to inform you that the company has now taken a fresh step by proceeding to develop the project independently. Accordingly, the board has approved the proposal to appoint M/s Manorview Developers Private Limited, a wholly-owned subsidiary of Adani Infrastructure and Developers Private Limited, as the Engineering, Procurement, and Construction (EPC) Contractor, subject to execution of definitive agreements in this regard," the filing said. In January 2024, Paytm's board had approved execution of a joint development agreement (JDA) between the company and ACE Builders and Promoters to develop the complex. Under the arrangement, ACE was to raise requisite capital and funds for the development of the IT/ITES complex. 'In continuation of our earlier disclosure dated January 19, 2024, we also wish to inform that the proposed Joint Development Agreement (JDA) with M/s ACE Builders and Promoters Private Limited could not be proceeded with in line with NOIDA rules and byelaws," the filing said. PTI PRS PRS BAL BAL First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
21-07-2025
- Business
- News18
Genesys Maps integrates DIGIPIN into 2D, 3D mapping system
Agency: PTI New Delhi, Jul 21 (PTI) Geospatial technology firm Genesys International Corporation has integrated DIGIPIN, the Department of Posts' digital address system, into its nationwide 2D and 3D mapping systems, the company said on Monday. The postal department has developed the DIGIPIN (Digital Postal Index Number) as an open-source, interoperable, geo-coded, grid-based digital address system in collaboration with IIT-Hyderabad and NRSC, ISRO. The postal department had announced the launch of 'Know Your DIGIPIN' and 'Know Your PIN Code' on May 27 in alignment with the National Geospatial Policy 2022, which envisions the development of an advanced geospatial infrastructure to support digital governance and public service delivery. 'We are building a bridge between mapped locations and real-world service delivery. With DIGIPIN now live on its national 2D maps and 3D Digital Twin pilots underway in key cities, Genesys is enabling the address intelligence layer of India's Digital Public Infrastructure (DPI), complementing Aadhaar for identity and UPI for payments," Genesys Chairman Sajid Malik said in the statement. Genesys works with ministries, smart cities, urban local bodies and digital service providers to collaborate in scaling India's verified address infrastructure, the statement said. PTI PRS PRS BAL BAL Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
