बिजनेस ब्रीफ- GDP ग्रोथ 7% रहने का अनुमान: सिलेंडर सस्ता होने से ईंधन महंगाई घटी, सोना ₹234 और चांदी ₹655 सस्ती हुई

New Delhi15 minutes ago

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Yesterday’s big news was related to the Economic Survey. The Economic Survey said that the government reduced the prices of LPG, petrol and diesel. This kept the retail fuel inflation rate low in FY24. At the same time, GDP growth has been estimated to be 6.5 to 7% for FY 2025.

There was a fall in the prices of gold and silver on Monday. According to the website of India Bullion and Jewelers Association (IBJA), 10 grams of 24 carat gold has fallen by Rs 234 to Rs 73,006. On Friday, its price was Rs 73,240 per ten grams.

Before tomorrow’s big news, today’s major events, which will be in focus…

Finance Minister Nirmala Sitharaman will present the Union Budget today.
A rise can be seen in the stock market today on Tuesday.
There has been no change in the prices of petrol and diesel.

Now read yesterday’s big news…

1. Economic Survey- Fuel inflation reduced due to cheaper cylinders: GDP growth estimated to be 7%, 78.5 lakh jobs needed every year

The Economic Survey said that the government reduced the prices of LPG, petrol and diesel. This kept the retail fuel inflation rate low in FY24. At the same time, GDP growth has been estimated to be 6.5 to 7% for FY 2025.

The Economic Survey also said that about 78.5 lakh jobs need to be created annually to meet the needs of the growing workforce. The Finance Minister presented the Economic Survey in the Lok Sabha on Monday 22 July.

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2. Decline in gold and silver prices today: Gold fell by ₹234 to ₹73,006, silver also slipped by ₹655 to ₹88,328 per kg

At the same time, one kg silver has fallen by Rs 655 and is being sold at Rs 88,328 per kg. Earlier, silver was at Rs 88,983 per kg. This year, silver had reached its all-time high of Rs 94,280 per kg on 29 May.

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3. IDBI Bank’s profit increased by 40% in the first quarter: Income decreased by 3% to ₹ 7,471 crore, interest income also decreased by 2.81%

IDBI Bank’s standalone net profit in the April-June quarter rose 40.44% year-on-year to ₹1,719.27 crores from ₹1,224.18 crores in the same quarter last year.

The bank’s net profit has also increased by 5.57% on a quarterly basis. In the last quarter (Q4 FY24), the bank’s profit was Rs 1,628.46 crore. IDBI has released the results of Q1FY25 i.e. the fourth quarter of the financial year 2024-25 on Monday (22 July).

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4. Sensex closed at 80,502 with a decline of 102 points: Nifty also fell 21 points, Wipro shares fell by 9.31%

On the first trading day of the week, Monday (22 July), the stock market witnessed flat trading. The Sensex closed at 80,502 with a fall of 102 points. At the same time, the Nifty also fell by 21 points and closed at 24,509.

Out of the 30 Sensex stocks, 15 saw a rise and 15 saw a fall. On the other hand, Wipro’s stock fell by 9.31% today after weak quarterly results. Earlier on Friday, July 19, the stock market had made an all-time high for the third consecutive trading day.

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5. Reliance shares fall 3.42% after weak results: Company’s profit in Q1FY25 was down 5.45% year-on-year

After the first quarter results, the stock of Reliance Industries saw a decline of more than 3% today. After trading throughout the day, the company’s stock closed at ₹ 3,004.00 with a decline of 3.42%. In fact, the profit of Reliance Industries has declined by 5.45% year-on-year in the first quarter of FY 2024-25.

Reliance Industries’ profit in the April-June quarter was Rs 15,138 crore. At the same time, the company’s consolidated net profit was Rs 16,011 crore in the same quarter a year ago. However, the company’s income (revenue) has increased by 12.04% on an annual basis. The company’s income in Q1FY25 was Rs 2,36,217 crore.

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6. Wipro shares drop 9.31% after revenue drop: Company’s revenue fell 3.8% year-on-year in Q1FY25

After the first quarter results, Wipro’s stock saw a rise of more than 9% today. After trading throughout the day, the company’s stock closed at 505.35 with a decline of 9.31%. In fact, the company’s profit has increased in the first quarter of the financial year 2024-25, but the revenue has declined.

Wipro’s net profit in the April-June quarter rose 4.63% year-on-year to Rs 3,003 crore. The company’s profit in the same quarter a year ago was Rs 2,870 crore. However, Wipro’s income (revenue) has declined by 3.8% year-on-year. The company’s revenue in Q1FY25 was Rs 21,964 crore.

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7. Sunstar Limited IPO subscribed 4.23 times on the first day: Retail category subscribed 4.19 times, today is the second day of bidding

Today is the second day of subscription of Sunstar Limited’s Initial Public Offer i.e. IPO. On the first day, this issue was subscribed a total of 4.23 times. The IPO was subscribed 4.19 times in the retail category, 0.05 times in qualified institutional buyers (QIB) and 9.89 times in the non-institutional investors (NII) category.

The company’s shares will be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on July 26. The company wants to raise ₹510.15 crore through this IPO. For this, Sunstar Limited is issuing 41,800,000 fresh shares worth ₹397.10 crore.

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