Yesterday’s big news was related to the price of gold and silver. The prices of gold and silver have been falling continuously for two days. According to the India Bullion and Jewelers Association (IBJA), on Friday (May 24), 10 grams of 24 carat gold became cheaper by Rs 798 and came to Rs 72,028. On the last trading day of the week today i.e. Friday (May 24), the stock market reached an all-time high. The Sensex made a high of 75,636. Earlier on May 23, the Sensex had made a high of 75,499. At the same time, the Nifty made a high of 23,026. Tech giant Google has announced to buy a stake in e-commerce company Flipkart. According to a Moneycontrol report, Google has invested about $350 million (Rs 2,907 crore) in Flipkart’s $950 million (Rs 7,891 crore) funding round. Before tomorrow’s big news, today’s major events, which will be in focus… Now read tomorrow’s big news… 1. Gold became cheaper by ₹ 2087 in two days, reached ₹ 72,028: Silver also fell by ₹ 3769, selling at ₹ 89410 per kg. The prices of gold and silver have been falling continuously for two days. According to the India Bullion and Jewelers Association (IBJA), on Friday (May 24), 10 grams of 24 carat gold became cheaper by ₹ 798 and reached ₹ 72,028. In the international market too, gold has reached its one-week low. At the same time, today one kg of silver became cheaper by ₹ 293 and reached ₹ 89,762 per kg. A day before this, on Thursday, the price of gold fell by ₹ 1289 and the price of silver fell by ₹ 3,476. On this day, gold had reached Rs 72,791 per 10 grams and silver Rs 89,410 per kg. Click here to read the full news… 2. Market fell after making all-time high: Sensex touched 75,636 and Nifty touched 23,026, then closed with a slight decline. On the last trading day of the week today i.e. Friday (May 24), the stock market reached an all-time high. Sensex made a high of 75,636. Earlier on May 23, Sensex had made a high of 75,499. At the same time, Nifty made a high of 23,026. Earlier on May 23, Nifty also made a high of 22,993 on May 23. However, the market came down from the upper level and closed with a slight decline. Sensex closed at 75,410 with a decline of 7 points. At the same time, Nifty fell by 10 points, it closed at 22,957. Out of the 30 Sensex stocks, 9 rose and 21 fell. Click here to read the full news… 3. Google bought stake in Flipkart: Invested ₹2,907 crore in the e-commerce company, Google is Flipkart’s cloud service provider. Tech giant Google has announced to buy stake in e-commerce company Flipkart. According to a Moneycontrol report, Google has invested about $350 million (Rs 2,907 crore) in Flipkart’s $950 million (Rs 7,891 crore) funding round. Moneycontrol sources said that Flipkart’s valuation in this funding round was $36 billion (Rs 2.99 lakh crore). The e-commerce company started this fundraising round of selling stake in December last year, when its parent company Walmart invested $600 million (Rs 4,984 crore). Click here to read the full news… 4. 21 foreign-organizations wrote a letter to CJI in Adani-coal-import case: Demand for speedy resolution of the case, Adani accused of selling low-grade coal as high-grade 21 international organizations have written a letter to the Chief Justice of India (CJI) DY Chandrachud regarding the Adani coal import case. In this letter, the organizations have requested the Supreme Court to speed up the pending case of Adani Group filed by the Directorate of Revenue Intelligence. In this case, Adani Group firms are being investigated for overvaluation of coal imports from Indonesia. This letter comes after a report by London-based Financial Times. The report, citing documents from the George Soros-backed Organized Crime and Corruption Reporting Project (OCCRP), alleged that the Adani Group had committed fraud by selling low-grade coal as high-value coal in 2013. Click here to read the full news… 5. Suzlon’s fourth-quarter profit falls 9% to Rs 254 crore: Income rises 28.93%, company’s stock gives 368% return in a year Suzlon Energy’s profit in the fourth quarter (January-March) of FY 2024 fell 9% year-on-year (YoY) to Rs 254 crore. The company’s consolidated net profit stood at Rs 280 crore in the same quarter a year ago. Suzlon Energy’s consolidated revenue from operations grew 28.93% year-on-year. Revenue from operations in the fourth quarter of FY24 stood at ₹2,179 crore. In the same quarter a year ago i.e. the fourth quarter of FY23, the revenue was ₹1,690 crore. Click here to read the full news… 6. Jio Financial will start a business of renting goods: For this, the company will buy devices worth ₹36,000 crore from Reliance Retail, sought approval from shareholders Jio Financial Services has sought approval from shareholders to buy devices worth ₹36,000 crore from Reliance Retail. According to news agency writers, the financial service provider company is planning to enter the device leasing business i.e. the business of renting goods. Under the proposed deal, the JFS unit named Jio Leasing Services will buy telecom equipment and other devices, which generally include routers and mobile phones. However, the company has not clearly stated which products it will buy. Click here to read the full news… 7. Nissan Magnite’s Giza Special Edition launched at ₹9.84 lakh: Compact SUV with turbo-petrol engine and CVT automatic transmission, competes with Tata Punch Nissan India Motors has launched the Giza Special Edition of its popular sub-4 meter SUV Magnite. The company has made the new Magnite Giza Edition available with turbo-petrol engine and CVT automatic transmission. Its price has been kept at Rs 9.84 lakh (ex-showroom). This special edition version has been introduced on the occasion of the completion of one year of Nissan Magnite. According to the company, the Magnite Giza Edition is inspired by Japanese theater and expressive musicals there. The Magnite Giza Edition has been introduced in five colors with Flare Garnet Red, Storm White, Sandstone Brown and Onyx Black. Click here to read the complete news… Also see who were the top 10 richest people in the world yesterday… Know the status of yesterday’s stock market and gold-silver… Know the latest prices of petrol-diesel and gas cylinders…
