Market and Business News

New Delhi, Oct 1, 2019 Tuesday A few days ago, the Finance Minister of the Center gave tax exemptions to the corporate sector, ie companies. According to the latest information, income tax relief will be announced to the middle class before the Diwali festivals. A finance department source said the government aims to increase sales by increasing sales. According to an English newspaper report appearing from the capital New Delhi, the government is supposed to make some changes to Bawa Adam's post-tax income tax regime. The purpose is to ease the tax burden of the middle class. In view of the suggestions made by the tax force for direct taxation, the central government was planning to amend the tax structure of the people. It also aims to reduce the hardship of taxpayers, reduce tax evasion and even pay non-taxed people. However, various options are also being considered keeping in view the burden on the government treasury. One alternative is that people with an income of five...

Mumbai, Ta. September 30, 2019, Monday Shares of Indiabulls Housing Finance fell for the second consecutive day. Shares of group companies rose sharply on Friday after the Delhi High Court decided to investigate a PIL by an NGO alleging financial misconduct, mismanagement of funds and other violations by promoters of the company in Indiabulls Housing Finance. Shares of Indiabulls Housing Finance Ltd. were down 34.39%, or Rs133.95, to Rs 255.50, Indiabulls Ventures Ltd. 19.98% or Rs30.90 to Rs123.75, Indiabulls 19.14.25.24.25.25 per cent. Rs.57.20, Indiabulls Real Estate Limited was down 9.91 percent, or Rs 5.05, to Rs 45.90. Indiabulls integrated services were down 4.98 percent, or Rs 6.80, to Rs 129.65. While Lakshmi Vilas Bank was down five per cent, it was Rs 1.80, at Rs 34.75. The stock of Indianbulls Group companies saw pressure on the Lakshmi Vilas Bank, which was planning to merge with Indiabulls Housing Finance last week, after the Reserve Bank of India laid down a promisi...

New delhi date. ૩૦ The economic system facing the recession has suffered another setback. According to data released by the central government, growth in core sector has declined to 8.9 percent in August. Which shows a three-and-a-half year low. The measures being taken by the government to bring the economic system out of the recession have been seen to have no special effect. The eight sectors in the core sector include coal, crude oil, natural gas, refinery products, cement, fertilizers, electricity and fertilizers. In August last year, the core sector's growth was 8.5 percent. Prior to November 1, the core sector's growth was minus 8.2 percent. According to data released by the Ministry of Commerce and Industry, the growth rates of coal, crude oil, natural gas, cement and electricity are minus 8 percent, minus 8 percent, minus 8 percent, minus 8 percent and minus 8, respectively. It's been 5%. However, the growth of the fertilizer and steel sectors saw a growth rate...

(Gujarat News Representative) Mumbai, Ta. October 30, 2019, Monday The scandals in the banking-finance sector are starting to surface again and the Delhi High Court's petition against the Indianbulls Housing Finance in Finance and the decision of the Reserve Bank of India in Laxmi Vilas Bank under the Practical Bank's concern as a co-operative bank. Funds, experts, high net worth investors called for stocks Shri allow more daholayum sentiment again. Festivals cited this negative news in the banking-finance sector as well as the automobile industry, consumer durables with extremely slow demand in the real estate sector, and now the corporate results of the quarter ended September 3, too, opted to raise fund stocks every bounce. In addition, uncertainty over the US-China trade war on the international front continued, and the negative impact was seen on global markets as the US warned Chinese companies to delist from their stock markets. Of course, with the US dollar strengthen...

Mumbai, Ta. October 30, 2019, Monday New demand in the Mumbai oil market today fell. Businesses were scattered. News from the world market was up and smashes were awaiting in Soyotel. Meanwhile, prices of various indigenous and imported foodstuffs were soft at home today. Total exports of palmetta from Malaysia fell by 5-7 per cent in September, down from 5 tonnes in August, according to LGS data. Meanwhile, Palmet's futures were down 5, 6, 6, and 9 points today, while the prices of palm products were trading two and a half dollars higher. At the spot in the market today, paltail prices were down by Rs 5 per kg to Hwala resale while JNPT was at Rs 5. Businesses were fans. Crude Palm Oil CPO Kandla prices were down by Rs. While CPO futures prices were trading at Rs 5 today, they were lower at Rs 5 in the evening and soyatel futures prices were at Rs 5 in the evening. Chicago soybean futures prices in the US this evening were projected to remain in the projection this evening, ho...

Mumbai, Ta. October 30, 2019, Monday Investors-shareholders of the bankrupt Reliance Communications Limited today expressed concern about the future of bankruptcy in the company's AGM. This was the first such annual general meeting addressed by a court-designated resolution professional after the company filed for bankruptcy. Anish Manswati, of the Resolution Professional Deloitte Consultancy Unit, informed shareholders that the National Company Law Tribunal (NCLT) has given an additional three months to complete the corporate resolution process, which will be completed by January 1 next year. At AGM today, the chairperson on the one hand was Shadow Virani, financier and legal adviser on the other. Director Manikantan V was also present in the company management. Many shareholders sought a detailed presentation of what they thought ahead of the resolution professional, and sought clarification on the future of Dhirubhai Ambani Knowledge City, the largest asset Reliance Communic...

Kolkata, Ta. October 30, 2019, Monday Demand for the steel sector has increased demand on public infrastructure and cuts in the Goods and Services Tax (GST), demanded by the steel industry. Steel prices are currently at a six-month low. Steel imports are seven to eight percent lower than domestic prices. Many secondary producers have been forced to cut their production due to margin pressure. Considering this fact, the reduction in corporate taxes does not make a significant difference to the industry. The reduction in corporate taxes is positive in the long run but it is necessary to increase demand further. Steel prices are falling every month. Sales volumes of steel companies are going down. Working profit is also declining. "In the auto sector, GST rate has to be reduced from 5% to 5%, only then will the demand increase," said a steel company sales department official. Auto sales have been slowing down since November of last year. Structural costs have also been reduc...

(Gujarat News Office) Mumbai, Ta. October 30, 2019, Monday Prices remained soft today in the Mumbai jewelery market. The news of the world market was booming. However, in the currency market today, the rupee has recovered after the dollar started falling. There were reports of a surge in fundraising as the dollar raised gold in the world market. In the currency market today, the dollar has closed at Rs. Dollar prices were up by 8 paise today. In contrast, the British pound price was up by 8 paise to 1.8 per liter while the euro price rose by 5 paise to 7.8 per cent. In the global market today, gold prices fell by $ 5 to the low of $ 5 a barrel. In the Mumbai market today, silver prices closed at Rs 5 to Rs 5 per kg without the GST of 5 kg and in the evening the price was Rs 1 to 3 and in cash the price was Rs. In the global market today, silver prices fell by $ 5 a barrel or so, and prices remained unchanged from $ 8 to $ 8 in the evening. Gold prices remained soft in the Mumbai m...

Ahmedabad. October 30, 2019, Monday Despite the government's announcement of other measures, including a reduction in corporate tax, the stock market's major indices reported a jump of up to 5 per cent last week, but there is no relief for ordinary investors. According to analyst circles of the market, large-scale holdings of stocks holding mutual funds, FPIs and LICs, which saw large holdings in stocks, have seen improvement during the boom seen in the market last week. But the small-midcap stocks that hold large holdings of common investors have not improved significantly. Previous After various measures taken by the government on September 7, there was no significant return on Jain Irrigation, Granules India, New India Ventures, Tata Coffee and InfiBeam. Similarly, shares of Anil Ambani Group, Reliance Communication and Reliance Power, have also fallen 5% to 5% from their peak levels. The important thing is that after these ads, Design Arena, Divan Housing, GIC Housing,...

Mumbai, Ta. October 30, 2019, Monday In the third quarter of the current calendar year, ie, July to September quarter, Foreign Portfolio Investors (FPIs) withdrew investment of more than Rs. This is the highest pullout since the October-December 1 quarter. These outflows are the highest of the 3 quarters. In the October-December 1 quarter, foreign investors withdrew Rs 5 crore. According to the latest figures, the FPI has pulled Rs 2 crore from July to September. However, after the government cut corporate taxes, the outflows dropped, an analyst said. However, in view of the formation of the Modi government at the Center, the FPI infused a net inflow of Rs 1 crore in the first two quarters. However, some unfavorable advertisements in the Budget had triggered foreign investors' interest and led me to sell equities. However, the sudden fall in corporate tax led foreign investors to become aggressive in buying, and the Sensex saw a sharp rise of two points in two days. The Monet...

Kolkata, Ta. October 30, 2019, Monday Due to poor demand from consumers, the mood of the companies, especially auto sector companies and retailers, may worsen during the coming holiday season. Sales usually increase during the festive season. Indians often buy large quantities for their own consumption or to give gifts to others, especially during festivals, whether they have new cars or shoes, or new clothes or have accommodation. The country's economic growth rate is currently at a five-year low, and unemployment is at a five-year high, and sales growth may be at a low level in recent years due to slow consumption. This situation is likely to be seen despite the decline in corporate tax by the government, said one analyst. Even if the price of a product is reduced by fifty percent, it will not make any sense unless there is an increase in the income of the consumer, ”said one analyst. There are no measures that can increase people's income. Instead of giving more money t...

New delhi date. September 29, 2019, Sunday In the international market, crude oil prices have seen a soft trend again. This softening could bring relief to petrol and diesel prices in the coming days. Compared to the previous week, this week dropped about 4%. After that, the Indian Oil Marketing Company maintained the stability of petrol-diesel prices. Brent crude prices have dropped more than eight dollars a barrel since the oil price boom following the attack on Saudi Aramco. After the drone attack on Saudi Arabian government oil company Saudi Aramco's oil plant on September 14 this month, crude oil prices in the international market suddenly jumped by about 20% to $ 71.95 a barrel on September 16. This was the biggest one-day boom in 28 years. Angel Broking's deputy vice president said crude oil prices have fallen following reports of talks in the United States over the talks to remove new US sanctions imposed on Aman and Iran, and it is likely that oil prices will d...

(Gujarat News Representative) Mumbai, Ta. September 28, 2019, Saturday The sentiment of Indian stock markets along with various markets before the festive season has started to improve sharply as a result of the announcement of Union Government-Finance Minister Nirmala Sitaram to give economic package-incentives to the nation's dwindling business economy. With a reduction in corporate tax, the economic package of Rs 1.8 lakh crore becomes a game changer, and the week ending the September trend in F&O in the Indian stock markets was becoming more like a death knell for the downtrodden. In the past days of local fund-raising, one-sided selling of foreign funds to daily fund stocks has now been halted in the wake of continued net purchases in OneSide. The aggressive boom of the boom has now calmed down, as overboat positions begin to soften, as profits have been booked, so don't be surprised if the Reserve Bank of India shows a new boom in the market amid the possibility of ...

Mumbai, Ta. September 28, 2019, Saturday New demand in the Mumbai oil-seeds market was slow today. World market news was discouraging. There were reports of conflicts between China and the United States, and news of the weather being soft in US markets, prompting the United States to restrict investment in China. Chicago soybean futures overnight fell 5 points in the US while soybean futures remained 5 to 5 points soft. In front of it there were instructions to stay in Soitel's futures overnight 5 to 5 points minus. However, New York Cotton futures overnight saw an increase of 3 to 5 points. Meanwhile, world market analysts said that soybean stock is being celebrated in the United States, and when the new season is about to start shortly, there were forecasters suggesting that silak stock will remain large before the new arrivals. Meanwhile, in the spot market in Mumbai today, the price of 5kg was Rs 6 to Rs 5 for the digam of soyatel while the refinery price was Rs. Meanwhile...

Mumbai, Ta. September 28, 2019, Saturday Basmati exports from the country are expected to remain stable in 5-7. India's basmati exports remain stagnant as a result of uncertainty in imports by Iran, stricter standards regarding Europe's pesticide residue and proposed changes in its import policy by Saudi Arabia. Basmati exports of the country were all-time high with Rs 5 crore in the financial year. This figure was followed by a lucrative purchase by Iran. Iranian purchases have seen a healthy increase in volume, rating agency ICRA said. After two years of strong growth, India's exports to Basmati are facing challenges in the current financial year. Basmati's exports are expected to remain stable in the current fiscal year, given the uncertainty prevailing in Iran regarding exports and the possibility of a modest decline in the average income through exports. The current trade sanctions imposed on Iran have created uncertainty over import from it. The European Unio...

Mumbai, Ta. September 28, 2019, Saturday Climate change, which is occurring worldwide, may affect global wheat production in the coming years. Many wheat producing areas of the world - about 5 percent of the world - will face water shortage problems due to changing weather conditions. Wheat production will decline due to water scarcity. Wheat provides about 20% of the total calories consumed by the human body. However, the impact of this change in India will be minimal. China is the number one wheat producer in the world today. However, compared to India and China, Europe, Russia and the United States will not be so lucky, a study has found. According to the Paris Agreement, countries in the world will be able to bring stability to climate change, even in 8% of the world's countries there will be severe water shortage. Currently 5 percent of countries are facing water scarcity, the study said. The global wheat demand, which stood at 5.7 billion tonnes, is expected to rise to ...

New delhi date. September 28, 2019, Saturday In the current kharif season in the country, the acreage is set to be completed when the area under cultivation has reached 3 lakh hectares. The delayed monsoon this year and the good rains in August and September have brought the kharif plantation, which was slowing in early monsoon, to a significant increase, almost to last year's level. Cultivation of cereals, cotton and oilseeds has been higher this year than last year. According to data released by the Ministry of Agriculture, this year rice and pulses were down by 2 per cent and two per cent respectively, compared to last year. Rice acreage is around 1 lakh hectares while pulses are cultivated on an area of ​​1 lakh hectares. Sowing of pulses in pulses has been moderately higher than last year while mug sowing was down as much as nine per cent. Due to the increase in maize, bajra and reggae cultivation, cereal sowing has remained high overall. Reggae cultivation is up about 5 p...

(Gujarat News Office) Mumbai, Ta. September 28, 2019, Saturday Bullion Bazaar was officially closed on Saturday in the Mumbai jewelery market. Closed markets were showing improvement in the precious metals headline. When the dollar closed higher in the currency market today, the dollar was trading higher against the rupee. Meanwhile, there were reports of gold-silver price shocks in the world market, and trade talks and meetings between these two continental countries were on the rise. Was watching. Meanwhile, news from the United States reported that the president of the United States was in China thinking of imposing restrictions on investment from the United States. In addition, deliberations of Chinese companies being listed on the US stock exchanges were also considered. Following this, the debate about the re-entry of funded capital into the global gold market was heard in the market today when fresh uncertainties started in the world market. Gold prices in the world market o...

(Gujarat News Representative) Mumbai, Ta. September 27, 2019, Friday Funds have booked universal profits on stocks in Indian stock markets over the weekend, amid a flurry of US stock markets amid a political buzz in the US demanding impeachments by US Democrats against US President Donald Trump on the global front. Prime Minister Narendra Modi during his visit to the US yesterday, hinting at more economic incentives yesterday, including a reduction in corporate tax recently, an economic package of Rs 1.8 lakh crore is yet to start and India is planning to invest $ 8 billion for its modern infrastructure abroad. Positive equity stocks attracting investment in India Ikale foreign funds and local funds are viewed in today's aggressive rapid-fire boom was given again. The US dollar against the rupee fell 5 paise today to 9.7 rupees and international crude oil prices also fell below the Saudi Arabian and Yemeni report by $ 0.3 per barrel and Brent crude plummeted to $ 1.8 per liter fo...

Mumbai, Ta. September 27, 2019, Friday There was new demand in the Mumbai oil-seeds market today. Businesses were scattered. World market news was showing a decline. Meanwhile, on the third day in the castor futures market today, there were directives for the recession circuit to move beyond the recession momentum. According to the report, the market has been set for 6 consecutive days in the castor futures market. Meanwhile, the prices of castor in Mumbai were Rs. While the current price of Diwali was trading at a low of Rs. Optimism of the crop supply in castor and new export inquiries in Diwali are slowing down, informed the report. The situation in the futures market was also being discussed in the futures market as the big and sluggish players in the castor futures market were facing problems. And the price was called at Rs 5 within Rs. In the spot market today, Singtel prices remained at Rs 5 while Rajkot side prices remained at Rs 5 to Rs 5 and Rs 5 to Rs 5 per kg. One was s...

Unja, Ahmedabad, Ta. September 27, 2019, Friday Tareh Tareh is speculating in the market after the cancellation circuit was implemented today after cancellation of the overnight margins due to unscheduled trading of cement circuits in Aranda futures for the last two to three days. Due to the speculative practices of speculators, the market for castor futures has fallen by about 3 percent in three days with the implementation of four percent cellar circuit once again. Despite the high position of one and a half million tonnes, the lack of exchange-rigged steps in risk management has led to the formation of locksmiths after locking the horses again. In the short term, a rupee of Rs. Even though castor was stock size and gharaki good, stockists have been in the position of weight and watch, losing 3% market share in three days due to cellar circuits. At present, prices are coming to around Rs 5 per person, as is the case with selling in castor. Will castor futures close again due to ...

New delhi date. September 27, 2019, Friday The allegations were made by the Delhi High Court against Indiabulls Housing Finance Ltd (IHFL), the regulatory system of banking and markets, as well as allegations of alleged misconduct by the promoters of Indiabulls and its subsidiaries, and the shortage of funds. The court has asked the promoters of Indiabulls Housing Finance, the Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI) and corporate affairs ministry to respond to the notice within two weeks. The inquiry petition calls for the Registrar of Companies (ROC), Sirius Fraud Investigation Office (SIFO), National Housing Bank (NHB), Reserve Bank of India, Sebi to take action against Indiabulls Housing Finance Limited and its promoters. The petition was filed by the Citizens Whistleblower Forum, an organization working to provide a platform for Wishblowers. Indiabulls Housing Finance Ltd gave loans to suspected-suspected companies through its promoter...

Mumbai, Ta. September 27, 2019, Friday Shares of Lakshmi Vilas Bank today held a five per cent lower circuit of the only seller in the BSE. Investors filing a First Information Report (FIR) on allegations of fraud, bankruptcy, criminal conspiracy against bank directors by the Economic Offensees Wing (EOW), Delhi, were traded in stocks. On Friday, the company has officially informed exchanges that an FIR has been registered against Lakshmi Vilas Bank's board, director, Connaught Place, New Delhi, under Indian Penal Code. This FIR has been made by Messrs. Religare Finvest Limited in connection with adjusting their deposits against the debts of Messrs. RHC Holding Private Limited and Messrs. Ranecam Private Limited. The FIR Bank was found on September 1. The bank is considering taking legal action against this. So far this year, Lakshmi Vilas Bank's stock has fallen by about 5%. That is a decline of 8.2 percent in September alone. The stock had hit a record high of Rs 5.7 on J...

Mumbai, Ta. September 27, 2019, Friday Considering the ongoing slowdown in the auto sector in the country, the central government is likely to announce a vehicle scrapage policy soon. The policy will be announced as part of the increase in demand for new vehicles, official sources said. The policy was originally formulated four years ago but has been extended. As per earlier plans, it was proposed to consider ten year old vehicles eligible for scrap but later this period was extended to twenty years. The government is planning to provide relief to excise duty to buyers of new vehicles by scraping their vehicles. In addition, the scrap value of the vehicle will also benefit. This policy has received theoretical approval from the Prime Minister's Office. Eligibility for the Serpent The number of vehicles for scrap in the country from 6 years to 4 years has dropped significantly. The scheme is being implemented to prevent vehicular pollution. The scheme was designed with the origi...

New delhi date. September 27, 2019, Friday India's imports of cod oil from Iraq reached a record high in August. Last month, India imported 8.5 million barrels of crude oil per day from Iraq, which was 5 percent older than July and 5 percent higher than August 1, according to available data. India is the third largest oil importer in the world. Iraq maintains its position as India's top supplier. India's crude oil is becoming expensive due to India's imports from Iraq, sources at the Petroleum Ministry said. Imports of African oils declined by 8 percent in August to 6 barrels per day. Iraq's oil supply to India has increased due to OPEC cuts to oil production and US sanctions imposed on Iran. As Iraq's oil is becoming increasingly available in the spot market, refiners here choose to buy it. Iraq's oil is available at attractive prices. Saudi Arabia is India's second largest cod oil supplier after Iraq. India's total imports of cod oil in August...

(Gujarat News Office) Mumbai, Ta. September 27, 2019, Friday The decline in the jewelery market in Mumbai today went ahead. The news of the world market was rapidly softening. In the currency market today, the rupee had fluctuated against the dollar and the impact was also seen on the jewelery market. In the world market today, gold prices were falling below $ 5 a barrel. In the domestic currency market, dollar prices were down 5 paise to Rs. The British pound and the euro prices were found to be even higher against the rupee today. In the global market, gold prices were down $ 5, down from $ 5 in the evening. In the Mumbai market, gold prices today closed at Rs 5 with a Gram of 5 grams, while the price of Rs 5 closed at Rs. Bhava with GST remained at 5% higher than this price. In the Mumbai market, silver prices today closed at Rs 1, 000 without the GST of K4, while in the evening the price was Rs. The prices were up 5%. On the global market, silver prices fell by 0.6 per cent to ...

Mumbai, Friday Investors have been advised to be vigilant in equities and corporate credit markets over the next few months. Global growth rate is likely to drop even higher at 7, says Pimco, a major US asset manager. Pimco Rupiah, a Shrey asset manager in the world, talks about 1.8 trillion assets. Current trade tensions between the United States and China and increasing political uncertainty in many countries around the world are adversely affecting world trade, manufacturing activity and investment in the industry, and global economic growth rates are expected to remain sluggish for the next few quarters. General Chat Chat Lounge It has projected the global growth rate to be 5 to 8.5 percent in the 5th. The rate is predicted to be 5 percent in 1 and 8 percent in 5. Retaining capital would be considered practical. At present, it is advisable to take a large risk in portfolios, maintain vigilance in corporate credits and equities, wait for more clarity and take advantage of the op...

(Gujarat News Representative) Mumbai, Ta. September 26, 2019, Thursday The September trend in futures and options (F&O) in derivatives ended the all-time bullish trend in stocks. Finance Minister Nirmala Sitaram has announced a huge economic package of Rs 1.5 lakh crore last week with corporate tax cuts last week after the market showed an aggressive boom in two days after taking a U-turn. Investors invest in India forums to invest in India ��ોત્સાહનો-પેકેજ જાહેર થશે અને આ તો હજુ શરૂઆત થઈ હોવાનું અને ભારત આધુનિક ઈન્ફ્રાસ્ટ્રકચરમાં ૧.૩ ટ્રીલિયન ડોલરનું રોકાણ કરવાની યોજના હોવાનું જણાવતાં ફરી ફોરેન ઈન્વેસ્ટરો ભારત પર ઓવારી ગયા હતા. The Prime Minister's confidence was again taken on the all-round offensive in Indian stock markets today. With the fall of international crude oil prices and the weakening of the US dollar against the rupee, the expectation of a trade deal between US-China with Advantage India turned the fund's boom in October as a positive sign of a global trade ...

Mumbai, Ta. September 26, 2019, Thursday In the Mumbai oil-seeds market today, prices of diesel and castor had moved ahead of the recession, against which a new rebound in castor futures was announced today. After the slowdown circuit in the castor futures market on Wednesday, the players in the lower circuit again became alarmed when the demand was again low. The futures were aggressive in the wake of a significant drop in prices in two days. Castor okta. The futures prices were trading at Rs 5 a barrel this evening. Optimism of crop supplies in castor as well as new demand for offshore prices are falling, according to informants. Meanwhile, the present price of the Mumbai Diwali was higher today at 5 kg. The price of Gabdi Commercial was Rs. 5, FSG and Rs. While the price of Mumbai castor was Rs. In the Mumbai market, Singtel prices were Rs. The Rajkot side remained at Rs 5 to Rs 5 and the price of Rs 5 to Rs 5 per kg. While there, the price of cotton washed increased from Rs. C...

New delhi date. September 26, 2019, Thursday To tackle the problem of Non-Banking Finance Companies (NBFCs), the Center is likely to devise a special solution for the solution under Article 2 of the Insolvency and Bankership Code (IBC). Currently NBFC is not covered by IBC, but it has long been sought by the sector to cover it. After the IL&FS chapter, NBFCs were increasingly stuck in money laundering. In addition, the defaults by the recent Altico Capital have also been considered by the authorities, a government official said. NBFCs suffer due to default by their lenders, which in turn causes investors to fear. The government intends to avoid the regular process of IBC by applying special procedure of solution in case of default by NBFC, which is followed in other cases of solution. For this, the government is expected to issue new rules soon.

New delhi date. September 26, 2019, Thursday Under the new Faceless Assessment Scheme, four lakh taxpayers have faced the scrutiny of the income tax department. One lakh taxpayers have been given notice and clarification has been sought within 3 days on the returns filed by them. However, out of the one lakh taxpayers who have been served notices, around 3.5 have been returned to the department without notice. The Income Tax department has launched a Computer-Assisted Scrutiny Selection (CASS) cycle for the current year and it is believed to have selected six criteria for checking returns under the new system. Some criteria, based on which notices have been issued, include disclosure of income from abroad and through fixed properties, high value transactions, misrepresentation of long-term capital gains, discrepancies between tax forms and TDS, non-disclosure of investment made in previous years. Etc. are included. According to the income tax department action plan, the e-assessm...

Mumbai, Ta. September 26, 2019, Thursday Ajay Tyagi, chairman of the capital markets regulatory system Securities and Exchange Board of India (SEBI), said here today that there is no provision to postpone or postpone repayment of debts. With Zee Entertainment Enterprises extending the loan repayment period by lenders, Sebi made it clear that it was not convertible. It is worth mentioning that Essel Group announced yesterday, September 9, that its lenders have unanimously agreed to extend the payment repayment period. According to sources, Essel Group has agreed to postpone the loan repayment period for six months from its lenders, Aditya Birla Asset Management Company, HDFC AMC, Franklin Templeton AMC and three others. Speaking at a program organized on the topic of capital markets here today, the SEBI Chairman said, "Sebi's norms do not allow these deferred agreements in any form." The SEBI does not know whether these units-companies have followed the correct standar...

(Gujarat News Office) Mumbai, Ta. September 26, 2019, Thursday In Mumbai, jewelery market today fell sharply due to the high headline that kept prices rising. The world market news was showing a decline with rising prices. In the domestic currency market, the dollar against the rupee today fell below Rs. As a result, import of domestic precious metals has come down. As a result, there were more sellers and lesser sellers in the jewelry market today. In the world market, however, the dollar index against the basket of different currencies surged to the level of 6, and there was news of a six-month record breaking in such a price rise. There was news of a glut in gold globally, with the dollar index rising higher in the world market. Gold prices in the world market fell by $ 5 a barrel to $ 5 today. In the currency market, the dollar opened today with the opening price at Rs 1.8, while the price went up to Rs 1.8 and then closed at Rs. Dollar prices fell 5 paise today, while British...

An atmosphere of turmoil amid a recession Ahmedabad, Unza, Ta. September 26, 2019, Thursday In the futures market of Aranda, for the past two days, four-per-cent clerical circuits have been witnessing a huge downturn. With a difference of between Rs 5 and Rs 5 between the present and futures market of the airport, futures have been witnessing a rush of sales of around 1.5 lakh tonnes. To control the recession, the exchange has agreed to implement an additional five percent margin in castor futures from tomorrow. Castor futures have shown speculation that speculators have dominated the market. In the last two days, the focus has been on the castor market, with fluctuating environment in the market, which has seen sales of four per cent sales slowdown. A five percent circuit is mounted on the cellar to control casting. In view of the current situation which should be 1 to 5 percent, it has become debatable in the business category. In this regard, Unza Yard Chairman Dineshbhai Pate...

Mumbai, Ta. September 26, 2019, Thursday For the first time since then, the private sector's share in the portfolio of Life Insurance Corporation (LIC) has been low. According to an analysis, 5.7% of LIC's total investment is in private sector companies, while the rest is in public sector undertakings and public banks. While LIC has aggressively participated in many disinvestments of public sector undertakings, LIC's investment in banks such as IDBI has been low for the private sector. This situation has been observed even though the performance of the private sector companies is stronger than that of the public sector companies. The BSE PSU index has declined by 8% so far in the 7th, while the Sensex, which comprises a large number of private sector companies, has risen by 8% in the current year. Compared to the benchmark Sensex in the last 3 years, the PSU index has been weak. Prior to this, the private sector's share in the portfolio of LICs was lower, with 5.7%...