Jet Airways ordered to sell all its assets. Order to sell all assets to Jet Airways: Gold became cheaper by ₹ 1,356 in a day, Shiv Nadar is the biggest philanthropist of the country.

Yesterday’s big news was related to Jet Airways. On Thursday 7 November, the Supreme Court ordered the liquidation of Jet Airways. Liquidation means seizing the assets of a company and using the proceeds from selling them to repay its debts and liabilities.

At the same time, a big fall was seen in the prices of gold on Thursday (7 November). According to India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold fell by Rs 1,356 to Rs 76,780. Earlier its price was Rs 78,136 per ten grams.

Before tomorrow’s big news, today’s major events to keep an eye on…

Now read tomorrow’s big news…

1. The possibility of restarting Jet Airways is over: Supreme Court ordered to sell all the assets of the airline, the airline is closed since 2019.

Jet Airways will never start again. On Thursday 7 November, the Supreme Court ordered the liquidation of Jet Airways. Liquidation means seizing the assets of a company and using the proceeds from selling them to repay its debts and liabilities.

In this order, the court overturned the decision of the National Company Law Appellate Tribunal (NCLAT). NCLAT had in March ruled to hand over the ownership of Jet Airways to Jalan-Kalrock Consortium (JKC) under the resolution plan (to rescue the airline from crisis).

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2. Hurun Philanthropist List, Shiv Nadar is the biggest donor of the country: Ambani is second, Bajaj is at third place; 6 out of top 10 donated money for education

HCL co-founder Shiv Nadar is the country’s biggest philanthropist. Shiv and his family donated Rs 2,153 crore last year i.e. in the financial year 2023-24. That means Rs 5.90 crore were given daily. This information is given in the Edelgive Hurun India Philanthropy List 2024.

Nadar family is at the top in this list released on Thursday, 7 November. Reliance Industries Chairman Mukesh Ambani and his family are at second position. Ambani donated Rs 407 crore in the financial year 2023-24. Bajaj family has secured the third position in the list by donating Rs 352 crore.

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3. Gold fell by ₹ 1,356 to ₹ 76,780: Silver became cheaper by ₹ 2,532 and was being sold at ₹ 90,369 per kg, see the price of gold according to carat.

A big fall was seen in the prices of gold on Thursday (7 November). According to India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold fell by Rs 1,356 to Rs 76,780. Earlier its price was Rs 78,136 per ten grams.

At the same time, the price of silver also declined today. It fell by Rs 2,532 to Rs 90,369 per kg. Earlier, silver was at Rs 92,901. On October 23, silver had made an all-time high of Rs 99,151 and on October 30, gold had made an all-time high of Rs 79,681.

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4. Trent’s profit of ₹ 335 crore in the second quarter: Revenue of Tata Group’s retail chain company increased by 39%, share fell by 6% after the results.

Tata Group’s retail chain company Trent Limited has made a profit of Rs 335 crore in the second quarter of the financial year 2024-25. This is an increase of 47% compared to the same quarter a year ago. The company had made a profit of Rs 228 crore in the second quarter (Q2FY24) of the financial year 2023-24.

Talking about the consolidated revenue from operations of the company, it stood at Rs 4,156.67 crore in the July-September quarter. There has been an increase of 39.37% on annual basis. In the same quarter a year ago, the company had generated a revenue of Rs 2,982.42 crore. The amount received from selling goods and services is called revenue.

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5. Sensex fell by 836 points and closed at 79,541 level: Nifty also fell by 284 points, metal sector fell the most by 2.73%.

The Sensex closed at 79,541 with a fall of 836 points on Thursday (November 7). Nifty also fell by 284 points, it closed at the level of 24,199.

Out of 30 Sensex stocks, 29 declined and 1 rose. Out of 50 Nifty stocks, 46 declined and 4 rose. All the sectoral indices of NSE closed with a decline. The metal sector witnessed the biggest decline of 2.73%.

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6. Reliance Power will not be able to bid for any tender: SECI banned it for 3 years, action will be taken against giving fake bank guarantee

Solar Energy Corporation of India (SECI) has banned Anil Ambani’s Reliance Power and its subsidiary companies from bidding for any upcoming tender for 3 years. Anil Ambani’s companies had submitted fake bank guarantees for the tender, due to which SECI, a company of the New and Renewable Energy Ministry, has taken this action.

SECI issued a statement saying – Fake bank guarantees were given by the company in the last round of bidding, after which these companies have been banned. Along with this, SECI had canceled the last round of bidding after finding irregularities in the bank guarantee from the subsidiary company of Reliance Power.

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7. New Generation Maruti Suzuki Dezire Revealed, Launching on November 11: The sedan will have features like mileage of 33.73km/kg with CNG, sunroof and 6 airbags.

Maruti Suzuki has revealed the new generation model of its best-selling sedan Dezire. The company is preparing to launch the car on November 11. The fourth generation Maruti Suzuki Dezire is based on the company’s hatchback Maruti Swift platform, but its design is completely different. The car has been introduced with sunroof, 6 airbags as standard and many segment first features.

The sedan will be launched in the market in only 5 variants – LXI, VXI, VXI(O), ZXI, and ZXI+. Ex-showroom price of the updated model is expected to start from Rs 6.99 lakh. Currently, the price of Dezire starts at Rs 6.57 lakh (ex-showroom). It will compete with Honda Amaze, Hyundai Aura and Tata Tigor in the sedan segment.

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Now read the news of your need. Invest in the right place for more interest on FD: Union and Yes Bank have increased interest rates, see where you will get more interest now.

Union Bank of India and Yes Bank have recently increased the interest rates on fixed deposits (FD). In such a situation, if you are planning to get FD these days, then you must know about the new interest rates of these banks before this.

Here we are telling you how much interest the major banks of the country including these 2 banks are giving to the common citizens on FD of less than Rs 3 crore. So that you can invest at the right place as per your convenience.

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