Monday, October 26
Central banks around the world collectively, in November 2024, added 53 tonnes of gold to their reserves, of which the Reserve Bank of India's addition was 8 tonnes, the World Gold Council (WGC) said in a report on Monday. In 2024, central banks - mostly those from emerging markets - remained keen buyers of gold, driven by the need for a stable and secure asset amid global economic uncertainties. "Assessing the final act of 2024, central banks around the world continued to play a leading role in the demand for gold. November represented another solid month of gold buying as central banks collectively added a net 53 tonnes to global official holdings," WGC said in a report - Central bank gold statistics November 2024. The gold price dip in November, following the US election, may have pr
Shares of FSN E-Commerce Ventures rallied 5.3% today to an intraday high of Rs 176.50 on the BSE after the company announced a strong third quarter, with net revenue growth expected to be higher than the mid-twenties.“Nykaa (FSN E-Commerce Ventures Limited, along with its subsidiaries) witnessed strong performance in Q3 FY2025, with consolidated net revenue growth likely to exceed the mid-twenties. This is higher than the consolidated GMV growth for the same period, indicating a positive trend in GMV to net revenue translation,” the company said in an exchange filing.The updates were shared by the company on Sunday, January 5.Nykaa’s beauty vertical growth has accelerated compared to previous quarters, with net revenue growth higher than the mid-twenties.The GMV growth for the beauty
