Videocon Industries Pares Loss After Selling Insurance Arm

Gold Silver Reports (GSR) – Videocon Industries Pares Loss After Selling Insurance Arm — Shares of Videocon Industries pared early losses and rallied as  much as 3.8 percent to Rs 14.90. The company exited insurance business by selling its unit Videocon General Insurance Company Ltd.

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Gold Prices Lose Sheen on subdued Global Cues

Gold Reverses

Gold Silver Reports (GSR) – Gold prices declined by Rs110 to Rs31,180 per 10 grams at the bullion market, tracking a weak trend overseas amid slackened demand from local jewellers. Silver prices also slipped below the Rs39,000-mark by falling Rs150 to Rs38,950 per kg due to reduced offtake by industrial units and coin makers.

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Binani Industries Gains After UltraTech Signs Pact

Gold Silver Reports (GSR) – Binani Industries Gains After UltraTech Signs Pact — Shares of the Binani Cement’s parent was locked in upper circuit. UltraTech Cement, yesterday, agreed to issue a letter of comfort for its increased bid to the cement maker’s lenders for termination of insolvency proceedings at the Kolkata bench of the NCLT, according to its exchange filing.

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