$5 trillion in gold? At record high prices, Indian gold could now exceed GDP

India’s legendary love affair with gold has reached an extraordinary milestone. With spot gold hitting new all-time highs above $4,500 per ounce in the international market, household gold reserves in the country may have crossed the $5 trillion mark, making the glittering stock worth more than India’s entire gross domestic product (GDP).A Morgan Stanley report […]

77% post-IPO rally: Ashish Kacholia-backed Jain Resource Recycling anchor lock-in ends, 12 million shares now tradable

Ashish Kacholia-backed Jain Resource Recycling will make another 12 million shares eligible for open market trading from today, after the expiry of the three-month IPO anchor lock-in. According to Nuvama estimates, these shares represent approximately 4% of the company’s total outstanding equity.Although the shares are eligible for sale, the responsibility lies with the investors as […]