Here's a rundown of 11 significant news stories to keep you in the know:

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India’s first sovereign gold bonds to net investors 128% returns over 8 years

The Reserve Bank of India (RBI) has announced the final redemption price for the first tranche of the Sovereign Gold Bond (SGB). The SGB 2015-I tranche, initiated in 2015, is due for redemption on November 30, 2023.

The final redemption price would be ₹6,132 per unit of SGB, which is determined by using the simple average closing price of gold for the week of November 20–24, 2023, according to a recent RBI notification.

According to the SGB scheme guidelines, "The redemption price shall be fixed in Indian Rupees on the basis of the previous week's (Monday - Friday) simple average closing price for gold of 999 purity, published by India Bullion and Jewellers Association (IBJA)."

Raymond boss Gautam Singhania writes to board and employees, assures smooth functioning of biz

Amid a public family spat between Raymond Group's Chairman & Managing Director Gautam Hari Singhania and his estranged wife Nawaz Modi, Singhania has written to the company's board and employees in an attempt to allay concerns of the impact of this on the company and its businesses.

In an internal email accessed by CNBC-TV18, Singhania reiterated that he has chosen not to comment to maintain his family's dignity.

"As the media is ripe with news about matters pertaining to my personal life, I am writing to you to say that I have chosen not to comment on the same as maintaining the dignity of my family is paramount to me," he wrote.

Warren Buffett-led Berkshire Hathaway exits Paytm with a loss of over ₹600 crore

Berkshire Hathaway, the Warren Buffet-owned investment major, has sold its entire stake in One97 Communications Ltd, the parent company of fintech major Paytm, in a large block deal and with a loss of more than ₹600 crore, according to exchange data on Friday.

Berkshire Hathaway sold 1.56 crore shares or 2.5% of equity worth nearly ₹1,370 crore at a share price of ₹877.29.

Buffett had picked up a 2.6% stake in Paytm in 2018, investing nearly ₹2,200 crore ($300 million), valuing the Vijay Shekhar Sharma-led fintech at $10–12 billion. During the Paytm IPO, Berkshire Hathaway sold shares worth Rs 220

crore.

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