Ex- Founder | Entrep...Ā ā¢Ā 1y
I recently checked the price of digital gold, which is approximately 75,800 INR. Additionally, there is a 3% GST, amounting to about 2,200 INR. When selling the same gold, the price is around 73,100 INR. This results in an immediate loss of about 5,000 INR, or roughly 6% of the value, just by entering the market. Essentially, the price of gold needs to increase by around 6-8% for me to break even. I'm curious about why people choose digital gold as an investment/saving vehicle despite this initial loss. What are your thoughts and experiences with digital gold investments?
I'm just a normal gu...Ā ā¢Ā 3m
Shares of IdeaForge rallied 20% to hit the upper circuit at INR 463.20 during the intraday trading session on the BSE today, compared to its previous closing price of INR 386. ideaForgeās consolidated net loss surged 7% to INR 25.7 Cr in Q4 FY25 fro
See MoreIf you like this pag...Ā ā¢Ā 10m
Fintech major PhonePe has partnered with financial fitness platform Jar to roll out a new āDaily Savingsā feature on its platform for the purchase of digital gold. According to PhonePeās statement, the product will allow users to save money in 24K d
See MoreI'm just a normal gu...Ā ā¢Ā 3m
Dronetech company IdeaForge reported its third consecutive loss-making quarter in FY25. The company reported a consolidated net loss of INR 25.7 Cr in Q4 FY25, up 7% from INR 24 Cr loss it reported in the previous quarter. ideaForge had posted a net
See MoreI'm just a normal gu...Ā ā¢Ā 3m
Delhivery ends FY25 on a high note, achieving profitability in every quarter and reporting a strong consolidated net profit of INR 72.6 Cr in Q4 FY25. This marks a significant turnaround from the INR 68.5 Cr loss reported in the same period last year
See MoreI'm just a normal gu...Ā ā¢Ā 3m
After a muted IPO and listing, EV major Ather Energy ended its first trading session 7.22% below its listing price at INR 302.50 on the BSE. Compared to its IPO price of INR 321, the companyās shares crashed 5.76%. Earlier today, the shares of the E
See MoreI'm just a normal gu...Ā ā¢Ā 3m
Amid intense competition in the quick commerce space, Blinkitās adjusted EBITDA loss soared over 381% year-on-year to INR 178 crore in Q4 FY25, compared to INR 37 crore in the same quarter last year. On a sequential basis, the loss increased nearly
See Moreš Entrepreneur | Re...Ā ā¢Ā 14d
Antfin, an affiliate of Alibaba Group, is reportedly set to sell 18.8 Cr shares of foodtech major Eternal in a block deal worth around INR 5,375 Cr (about $613 Mn). This comes a day after the investor exited fintech major Paytm. Citing sources, CNBC
See MoreDownload the medial app to read full posts, comements and news.