Market and Business News

(Gujarat News Correspondent) Mumbai, Ta. 30 June 2020, Tuesday Before Prime Minister Narendra Modi announced in his address to the nation today that he would provide free foodgrains to the poor for another five months, there were indications that it would take a long time to get the world's crippled economy back on track due to alarming rise in the number of infected people. On the global front, signs of further delays in resumption of business due to the increase in Corona cases saw a softening in the markets of Europe and America. While other markets in Asian countries remained strong today. International crude oil prices softened today to close at ન્ટ 61.8 a barrel on Brent crude and ૨૨ 4.5 on Nymex crude. In the wake of good monsoon progress in the Indian stock market today and expected good growth in the rural economy as a result, automobile companies' auto sales for the month of June 2030 were released on the back of a rally in the stock market. The Nifty spot was down ...

(By commerce representative), Mumbai, Ta. 30 June 2020, Tuesday In the Mumbai Oilseeds market today, led by palm oil, prices of various imported edible oils continued to decline and behind the spot market, the futures market also softened, market sources said. Meanwhile, according to a report from Delhi, the central government has increased the tariff value of various edible oils used as a benchmark to import into the country, leading to an increase in the effective import duty on these edible oils, experts said. Meanwhile, such tariff value was reported to have been increased from ૫૯૬ 6 to ૬૨૮ 6 for crude palm oil, થી 21 to ૬૫૬ 4 for palmolin and ૭૨૮ 615 for soyoil. As a result, the effective import duty on domestic CPOs has been increased by Rs 1,013 per tonne, palmolin by Rs 1,3 per tonne and soyoil by Rs 4, experts said. However, in the Mumbai spot market, the price of 10 kg of palm oil fell by Rs 5 today, while CPO Kandla was quoted at Rs 20. In the futures market, CPO prices w...

(By commercial representative) Mumbai, Ta. 30 June 2020, Tuesday At home, gold and silver prices remained firm on the back of global markets. World markets saw gold fluctuate by five dollars while silver saw a modest improvement. The dollar index, which was better than expected, saw an increase in the dollar index. The rupee strengthened against major currencies in the domestic currency market. China's PMI data saw a surge in copper coming in good. In the Mumbai market, gold was trading at Rs 4.50 per 10 grams, excluding GST, at Rs 50, closing at Rs 20 and Rs 5 today. The price of 3.50 was Rs 5 to close at Rs 5. Prices with GST were quoted three per cent higher. Silver. The price of a kilogram of GST was Rs. Prices with GST were quoted three per cent higher. In the Ahmedabad jewelery market, gold rose by Rs 500 to Rs 30 per ten grams and Rs 30,700 per ten grams. Silver. 2 per kg increased by Rs. 200 to Rs. Gold traded lower at ૭૭૨ 18 an ounce and 16 an ounce late in the day, w...

Beijing, Ta. 30 June 2020, Tuesday In June, China's manufacturing sector performed better than expected. The economy is recovering and investment is picking up after the Chinese government lifted the lockdown altogether. However, weak global demand will affect China's economic growth rate, a report said. In addition to manufacturing, performance in the service sector has also improved, according to China's National Bureau of Statistics. China's official Purchasing Managers' Index (PMI) for the manufacturing sector rose to 70.90 in June from 50.90. A point above 50 is called an extension of that area. Analysts had expected June's PMI to be 70.30. Most of the operations in China have resumed but producers are struggling due to weak global demand. Domestic demand is also weak and at historically low levels. Corona's fear of a second wave is also haunting people. The full recovery of China's economy is still a long way off and China cannot retreat from...

Mumbai, Ta. 30 June 2020, Tuesday In Navi Mumbai sugar market, the spot price of sugar increased from Rs 10 to Rs 20 after inquiries by retailers in the month of July. Prices at the mill and naka levels were stagnant as the government announced a quota of 2.1 million tonnes for July 20. Earlier, the average monthly quota was 12.60 lakh to 12 lakh tonnes available in the market by forwarding 2.50 lakh tonnes in the April-June-30 quarter plus the March-20 carry, compared to 31 lakh tonnes in July-20, which may be more in case of limited unlock due to taxes. . "If the rains remain fully active in July, retail demand will be hampered," the analyst said. Naik Navre, president of the National Federation of Cooperative Sugar Factories, said sugarcane production in Maharashtra is expected to increase to 200 lakh tonnes in the 20-21 season as compared to 15-20. During the season 18-20 to October-February, the work in sugar was satisfactory due to low production. In June 20, their ...

Mumbai, Ta. 30 June 2020, Tuesday Given the sharp decline in tax revenues due to Corona in the current financial year, the central government is expecting higher dividends from the Reserve Bank to save its fiscal math. Following the recommendation of the Bimal Jalan Committee, there was an issue of transferring excess capital from the Reserve Bank to the Center in the last financial year, while the Center is considering transferring the Reserve Bank's interest income as dividend to the government this year. The RBI has bought a large number of government-issued bonds, which are expected to boost its interest income. Between April 1 and June 31, the Reserve Bank bought government bonds worth Rs 1.50 trillion. These have been purchased from the open market. To provide financial support to the government, the Reserve Bank is increasingly buying government bonds through open market operations. The government pays interest on these bonds. The Reserve Bank will return the money ear...

Ahmedabad. 30 June 2020, Tuesday During the first half of the calendar year 2030, gold has risen by 7.5 per cent. At this time, gold was worth an incredible Rs. The surface of 30,000 has also jumped. On the last day of June, in the Ahmedabad gold-silver market, gold is still trading at Rs. It closed at a record high of 30,500. Market insiders said that the strength of the dollar in the currency basket as well as other adversities, including the Corona epidemic, has led to a steady rise in gold prices as people turn to gold as a safe investment amid uncertainty globally. On the other hand, Powell, the chairman of the US Federal Reserve, had just two days ago voiced uncertainty for the world superpower American economy. He made it clear that the government's response to the Corona epidemic would have an impact on the economy. Thus, gold outperformed all assets in the uncertainty that emerged during the first half of 2020. During the period, it had risen by 7.5 per cent. During t...

Ahmedabad. 30 June 2020, Tuesday The Sensex and Nifty rose by 16 per cent and 20 per cent, respectively, in the June quarter, which ended today on the back of easing liquidity, the biggest quarterly rise in a decade. During the month of June, India also advanced in emerging markets. It may be mentioned here that during the previous quarter of June 2008, the Sensex had risen by 3 per cent and the Nifty by 4 per cent. Then in the June 2020 quarter, both the indexes recorded the biggest quarterly rise in a decade. According to available data, during the June quarter, foreign portfolio investors (FPIs) contributed ડો 2.7 billion to the Indian stock market, or Rs. An investment of Rs 3,31 crore was made. Apart from this, local institutions and players as well as investors were able to invest in the market. However, mutual funds have raised Rs. 301 crore was sold. Thus, the ease of liquidity in the market emerged in the wake of investment from Chomer. As a result, selected heavyweight s...

New Delhi, 30 June 2020 Tuesday Production of eight basic infrastructure industries in the country declined significantly by 23.4 per cent in May due to the corona virus lockdown. Compared to the same period last year, eight infrastructure sectors grew by 3.8 per cent. This is stated in the figures released by the Ministry of Trade and Industry. May 2020 saw a negative growth in production in all seven sectors except chemical fertilizers - coal, crude oil, natural gas, refinery products, steel, cement and electricity. During April-May 2020, the sector saw a 30 per cent decline in production, compared to an increase of 4.5 per cent in the corresponding period of the previous year. According to the Ministry of Commerce and Industry, the shutdown of all industries in the country in April and May following the lockdown imposed to curb the spread of the corona virus has led to a loss of production in the infrastructure sector. The eight infrastructure sectors account for 40.27 per cen...

New Delhi, June 30, 2020 India has banned 59 Chinese mobile apps. From TikTok to UC Browser, Hello App and many more Chinese apps including Sherit, Chinese apps like TikTok and Hello App had millions of users in India. The popular mobile game Pubji has continued while apps including TikTok have been banned. Pubji and Zoom apps are very popular nowadays. Most people wonder why Pubji has been excluded if various apps have been banned. Unknown Battle Ground game, popularly known as Pubji's Tuka, is considered by most Chinese gamers. On Monday, 59 apps were banned in India, not including Pubji, as the action game was created by a South Korean bluehole company. The game is inspired by the 2000 Japanese film Battle Royale. However, those who believe that the pubji game has a Chinese connection are not wrong. One of the largest game companies in the world is from China. It was this Chinese company that bought the part by offering to launch Pubji in China. Although the Pubji game was ...

(Gujarat News Correspondent) Mumbai, Ta. Monday, June 29, 2020 Amid a steady rise in the number of Koro infections around the world, the figures crossed a worrying one crore mark and the decision to extend the lockdown till July 31 in India and other states, including Maharashtra, was cautious. On the international front, despite the terrorist attack on the Karachi Stock Exchange in Pakistan, trading on the stock exchange continued unabated. European markets were on a modest uptrend today against the overall softening trend in Asian markets. Of course, futures in the US markets strengthened with the improvement in European markets in anticipation of further stimulus measures against the alarming increase in the number of corona cases in the US and Brazil. In Indian stock markets, selling in power-capital goods, automobile, banking-finance, metal, oil-gas, consumer durables stocks fell by 206.5 points to close at 31.8 and the Nifty spot closed at 203. The US dollar had lost 7 paise to...

(Gujarat News Correspondent) Mumbai, Ta. Monday, June 29, 2020 Amid a steady rise in the number of Koro infections around the world, the figures crossed a worrying one crore mark and the decision to extend the lockdown till July 31 in India and other states, including Maharashtra, was cautious. On the international front, despite the terrorist attack on the Karachi Stock Exchange in Pakistan, trading on the stock exchange continued unabated. European markets were on a modest uptrend today against the overall softening trend in Asian markets. Of course, futures in the US markets strengthened with the improvement in European markets in anticipation of further stimulus measures against the alarming increase in the number of corona cases in the US and Brazil. In Indian stock markets, selling in power-capital goods, automobile, banking-finance, metal, oil-gas, consumer durables stocks fell by 206.5 points to close at 31.8 and the Nifty spot closed at 203. The US dollar had lost 7 paise to...

(By commerce representative), Mumbai, Ta. Monday, June 29, 2020 In the Mumbai oil and grease market, prices of various domestic and imported edible oils declined today, while selling in the futures market continued. World market news was also showing softness. In the Mumbai spot market, there was a new demand today and trades were scattered. In the world market, palm oil futures in Malaysia fell by 3 points, while the projection of soyoil futures in the US Chicago market was reported to be in minus 6 points this evening. Meanwhile, palm oil prices in the Mumbai spot market today fell below Rs 200 per 10 kg to Rs 5, while crude palm oil (CPO) Kandla fell to Rs 710. CPO futures were trading at Rs 305 in June, Rs 7 in July, soyoil futures in July at Rs 301 and castor July futures at Rs 3 in the evening. Soybean futures for July delivery fell by Rs 5 to Rs 2,50. In the Mumbai spot market, the price of 10 kg of cingulum oil fell by Rs 1,20, cottonseed oil by Rs 3, soybean oil digam by ...

(By commercial representative) Mumbai, Ta. Monday, June 29, 2020 The local gold and silver market saw an improvement on the first day of the week amid a growing spread of coronavirus. The undertone was also strong in the Mumbai market on the back of firmness in world market prices. Gold is expected to touch ૮ 1,200 soon as funds are raising their long positions in global gold futures. Crude oil prices saw a slow recovery. While the dollar remained weak in the domestic currency market and the euro-pound was expected to clash. At home, the price of 10 grams of gold, excluding GST, which was Rs 30 at the end of last week, rose to Rs 305 today and finally closed at Rs 50. Gold at Rs 2.50 was trading at Rs 500, up from Rs 200 to close at Rs 5. Prices with GST were quoted at three per cent higher. Silver. Prices with GST were quoted three per cent higher. In the Ahmedabad jewelery market, gold was quoted at Rs 500 per ten grams at Rs 2.50 and Rs 30,000 at Rs 9.50. The price of silver was...

Mumbai, Ta. Monday, June 29, 2020 In the first five months of the current year, the volume of investment in commercial properties in India has declined by 3%, the largest decline in Asia-Pacific countries. Investment volume in Asia-Pacific countries fell by 3%, according to a report. Investment in commercial properties by large fund houses and HNIs fell to 2.10 billion from January to April. However, in India, Singapore and Hong Kong, the declines have been 5 per cent, 6 per cent and 6 per cent year-on-year. Investment in commercial properties in China has been relatively low. The report on real estate investment in China declined by 3%. Investment decisions in Tokyo, Jakarta, Singapore, Mumbai, Delhi and Bangalore have been postponed due to the impact of Covid-2. With many companies planning to give up their properties and leases due to work from home, there is a possibility of wide opportunities in the coming days. In countries where the impact of COVID-12 has been mitigated, s...

Mumbai, Ta. Monday, June 29, 2020 Over the past decade and a half, China has made great strides in boosting trade relations with South Asian countries. In 2014, Bangladesh became its largest trading partner. In addition, China has invested heavily in Nepal, Afghanistan, Sri Lanka and the Maldives. Until 2006, China and India were at almost the same level in trade with South Asian countries. But since then, China has steadily increased trade with these countries since 2002. The financial crisis in 2008 affected trade. It remains to be seen how much the neighboring countries will support India in times of tension in view of the trade agreement with China. In 2016, China's trade with South Asian countries stood at 20.81 billion, while India's was ડો 2.50 billion, according to one analyst. The gap between China and India's trade volume is widening due to China's huge trade volume with Pakistan. India has a good trade relationship with Pakistan. The free trade agreement...

Mumbai, Ta. Monday, June 29, 2020 The arrears of power generators from state power distribution companies (DISCOMs) rose by 5 per cent year-on-year to Rs 1.3 trillion in April this year, indicating increased tensions in the power sector. Seeing the huge amount of arrears to be paid, there are indications that the financial stress of the power producers will increase in the coming days. In April 2016, power companies were owed Rs 4 crore by Discoms, sources in the power ministry said. Despite a 90-day grace period, in April 2020, DISCOMs had to pay Rs 1,06.5 crore to power producers. Which had an arrears of Rs 500 crore in April last year. Power generating companies give Discoms 90 days to pay. Even after this time if the discoms fail to pay the amount it is called overdue amount and the manufacturers may charge interest on it. The Center has been implementing payment security mechanism since August last year to ensure security of power supply money to power generating companies. ...

New Delhi, Monday 29 June 2020 Petrol and diesel prices continued to rise, with diesel prices rising 13 per cent to a new high of Rs 80.53 per liter on Monday. This means that after June 7, the price of diesel has gone up by Rs 11.14 per liter. The price of petrol has also gone up by Rs 9.17, compared to May 2014, where petrol has gone up by 166 per cent in six years. In contrast, the price of crude oil has become 2.5 times cheaper. After this increase, the price of petrol in Delhi has reached Rs 80.43 per liter and the price of diesel has reached Rs 80.53 per liter. Find out the reason behind the increase in petrol-diesel prices. On April 28, the price of crude oil in the Indian basket fell to just 16 16.19 a barrel, while in April, the average price for the whole month fell to 19 19.9 a barrel. This was followed by a rise in crude oil prices, reaching an average of 30 30.60 in May, where it reached .6 40.66 on June 25. That is, the price of crude oil has doubled in just two mo...

Mumbai, Monday 29 June 2020 The Corona virus epidemic will force realty companies to lay off staff and cut wages due to declining sales. Given the possibility of a slowdown in sales in the coming months, these companies are considering various measures to reduce costs. Experts gave information about this. According to experts, the real estate sector has been facing difficulties for the last three-four years due to difficulties in implementing new systems like denomination ban, Real Estate Regulation Act (RERA), Goods and Services Tax (GST) and delays in getting approvals. Meanwhile, the Corona virus epidemic has exacerbated problems in the real estate sector, affecting buyers ’expectations and sales. According to industry estimates, the real estate sector employs 60-70 million people, including three million white-collar workers. MyHiringClub.com and Government-Nokari.com Info estimate that about two lakh employees in the real estate sector (including white-collar) could be fired ...

New Delhi, 28 June 2020 Sunday According to a recent study by a global forum of the Organization for Economic Co-operation and Development (OECD), India is one of the top three countries receiving tax information from Switzerland. The forum said India takes detailed information from Switzerland about the beneficial ownership of its citizens' bank accounts and their institutions. The purpose of this OECD study is to promote transparency and information sharing in tax matters. The OECD has also given India a "Comprehensive Compliance" rating. According to a review by the Global Forum, Switzerland has made excellent improvements in providing legal ownership information, exchanging information about the deceased and making requests regarding data theft. . However, the report also states that there are still some challenges in the areas of proprietary information, information and privacy. The issue of black money deposited in Swiss banks has been of political importance in...

New delhi date. Sunday, June 28, 2020 All life insurance and non-life insurance companies in the country will have to launch a special insurance policy for the treatment of corona by July 10. The Insurance Regulatory Authority of India (IRDA) has issued guidelines to all companies on this issue. At present the insurance policy covers the treatment of corona but does not cover the PPE kit or other expenses. While the cost of these things is the highest in the treatment of corona. Apart from this, there is no restriction on room rent on admission to the hospital. So now the Director of Insurance, IRDA, has asked all the companies concerned to launch the policy by July 10. Corona shield policy The Insurance Regulatory Authority of India (IRDA) has asked all insurance companies to launch an indemnity policy in the name of Corona shield policy. An amount ranging from Rs 50,000 to Rs 5 lakh will be insured under this policy. The cost of treatment of each comorbid condition will also be ...

(Gujarat News Correspondent) Mumbai, Ta. Saturday, June 27, 2020 Although the world is still worried about the Corona epidemic, the world is also worried about reviving the global economy and economic activity is being accelerated by unlocking, but again the cases of Corona infections have become increasingly difficult to keep the economy afloat, according to Standard & Poor's. Indian stock markets have seen gains in the past week. With rising tensions on the border between India and China and growing public outcry against China in the face of growing industrial-economic activity across the country, the growing movement of Chinese troops across the country's various borders is now a cause for concern. The rising geopolitical tensions in the coming days will necessitate extreme caution as the US is worried about the war with India and Pakistan's support for China. Of course, in this worrying environment, the rising value buying in stocks by funds, companies with good f...

(By commercial representative) Mumbai, Ta. Saturday, June 27, 2020 Behind the world market, the local gold market continued to rise. As a result of the impact of Kovid-18, the effect of fluctuations in the price of precious metals globally is also being felt at home. Gold and silver saw a decline today after the market closed yesterday which stalled in private today and prices rose again. Crude oil is also witnessing a bearish weather. The global economic climate is being further shaken by the Corona epidemic, economic uncertainty and trade tensions between the United States and Europe. At the domestic market, the price of 10 grams of gold at Rs 8.50, which was officially closed at Rs 3,081 excluding GST yesterday, fell to Rs 200 in private late in the evening. However, in the closed market on Saturday, prices rose again in private and were quoted at Rs 50. Gold prices, which had declined by Rs 20 late in the evening yesterday, rose to Rs 200 in private today. Prices with GST were q...

Ahmedabad. Saturday, June 27, 2020 Despite the volatility created by the stock market's expiration last week, 20 stocks in the BSE 500 index jumped as much as 50 per cent. In the midst of volatility, Ta. During the week ended June 8 (yesterday), the Sensex was up 1.4 per cent and the Nifty was up 1.5 per cent. On the other hand, the BSE Midcap Index and the BSE Smallcap Index rose by 2.4 per cent and 2.7 per cent, respectively, during the period. As many as six selected stocks in the BSE 500 index gained 10 to 20 per cent on the back of new entrants. According to informed sources, a number of stocks in the midcap and smallcap sectors fell to the bottom due to the adverse effects of the lockdown. These stocks have seen a musical improvement as new takers emerge from lower headlines.

Mumbai, Ta. Saturday, June 27, 2020 Once the moratorium is completed in August, there will be a need for massive restructuring of loans for micro, small and medium enterprises (MSMEs). After Unlock-1, most of the small businesses in the country have resumed operations but due to lack of demand, industries, especially MSMEs, are under severe stress. To protect the industry from the effects of Covid-18, the Reserve Bank has provided a moratorium on loans for six months, which expires in August. Banks had sought one-time restructuring from the Reserve Bank of India (RBI) in view of the strained industries, including the MSME sector, but no decision was taken at the RBI's board meeting. There is no denying the possibility of widespread pressure on banks to make provision for such loans if strained loans are not restructured. Fifty per cent of the borrowers in the MSME sector have taken advantage of the moratorium. Provisioning could have a serious impact on banks' balance she...

Mumbai, Ta. Saturday, June 27, 2020 As a result of good progress of southwest monsoon in the country, kharif planting is also in full swing. This year, the monsoon has reached the entire country just two weeks ago, which has given a boost to sowing. This year has also seen a sharp increase in the sowing area due to the large number of laborers available in rural areas. As per the data released by the Agriculture Department, kharif sowing has been completed on an area of ​​4.16 crore hectares in the country till Friday, which is 104.5 per cent more than the same period last year. The planting of each crop has been higher as compared to last year. With less than a month of monsoon yet to come, about 70 per cent of the area has been harvested in full season. Oilseed cultivation, which was completed on an area of ​​16.50 lakh hectares in the same period last year, has been completed on an area of ​​2.50 lakh hectares this year. The cultivation of pulses has been completed on an area o...

(By commerce representative), Mumbai, Ta. Saturday, June 27, 2020 In the Mumbai oilseeds market, prices of various domestic and imported edible oils fell sharply today. New demand was sluggish and world market news showed signs of softening domestic sales, market sources said. Meanwhile, news of a significant increase in kharif crop cultivation in the country also weighed on the market today. It was reported that kharif sowing of various oilseeds in the country has increased to around 12.50 lakh to 12.5 lakh hectares at present. Meanwhile, palm oil prices fell by Rs 20 per 10 kg in the Mumbai spot market today, while July delivery was quoted at Rs 7. Experts were pointing out that the price of palm oil is likely to fall to Rs 70. Crude palm oil (CPO) Kandla was down by Rs 515, while forward prices were quoted below Rs 10 to Rs 15, sources said. Palm oil is currently short of supplies, but the supply was expected to increase in the coming days. Meanwhile, cingulum oil prices fell by...

(Gujarat News Correspondent) Mumbai, Ta. 26 June 2020, Friday With the number of cases of coronavirus in the US rising again, reports of an increase in cases in other parts of the world have raised concerns in India as well and now India's economy is in big trouble due to Standard & Poor's (S&P) and economic-GDP growth Indian stock markets were in turmoil over the weekend despite a decline of up to one per cent. The last time the funds rallied was today with a short rally led by IT-software services stocks with short covering and the central government will also deregulate gas prices in the coming days, according to a statement issued by the Petroleum and Gas Ministry. Crossed. Along with FMCG and pharma stocks, metal-mining, power-capital goods stocks were the main gainers against profit booking, while the Sensex was up 3.15 points at 7,151.5 and the Nifty spot was up 10.10 points at 104. The Sensex plunged to a low of 210 and a high of 6 to a gain of 5 points to 31...

(By commerce representative), Mumbai, Ta. 26 June 2020, Friday In the Mumbai Oilseeds market, prices of various imported edible oils remained soft on the back of palm oil today. On the other hand, the prices of domestic edible oils were rising and sluggish. The new demand was winged. According to market sources, short supply in palm oil is now likely to ease and palm oil prices in the Mumbai market are likely to remain bearish. Meanwhile, palm oil futures in Malaysia fell by 3 points in the global market today, while there was news of a ૧૦ 10 fall in the price of palm products. Meanwhile, palm oil prices fell by Rs 20 per 10 kg in the Mumbai spot market today, while crude palm oil (CPO) Kandla was quoted at Rs 30. In the futures market, the CPO's July futures were trading at Rs 4 in the evening after hitting a high of Rs 4, while soyoil's July futures were trading at a high of Rs 3.30 in the evening and fell to Rs 316.50, sources in the futures market said. Soyoil futures in...

(By commercial representative) Mumbai, Ta. 26 June 2020, Friday The local gold and silver market witnessed a resurgence in the precious metal today. Prices rose locally as a result of the improvement in world markets. Gold had a new sell-off in the world market. Crude oil prices remained stable while the rupee strengthened in the currency market. In the domestic gold and silver market, the gold price of 10.50 per ten grams, which had closed at Rs 5 excluding GST yesterday, rose to Rs 3,021 today. Gold rose by Rs 315 to Rs 5. Prices with GST were quoted three per cent higher. Silver. The price of a kilogram, which had closed at Rs 3 yesterday, rose to close at Rs 3. Prices with GST were quoted three per cent higher. World gold prices rose by ડો 16.50 an ounce to ૭૬૩ 19.10 an ounce. Silver traded higher at ૭ 16.8 an ounce, hitting 16.8 an ounce. Platinum was trading at ૮ 303.50 an ounce, while palladium was trading at ૮૫ 120.8 an ounce, down from ૮૬૭ 16.50 an ounce. Investors are inv...

Mumbai, Ta. 26 June 2020, Friday Companies manufacturing or assembling electronics products are finding it difficult to prepare ahead of the upcoming festive season due to the blockade of goods coming from China at the country's ports. If the dispute with China is not resolved in the next fortnight, the industry is worried that the pre-festival plans of electronics manufacturers and dealers will be disrupted. Authorities have stopped consignments from China at ports. "Supply was disrupted from March to May due to Kovid-17 and the recovery started in June due to a border dispute," said a local trader. Most of the electronics manufacturers in the country currently have very low stocks of components and are expecting large consignments. Companies with stalled consignments are seeing the possibility of a delay in production. As a result, they are facing the threat of supply disruption during Agam Balev, Janmashtami and Ganapati festivals. Demand was washed away during th...

Mumbai, Ta. 26 June 2020, Friday The current economic situation of the country was discussed at a board meeting of the Reserve Bank held under the auspices of Coronavirus. The board also discussed the economic challenges posed by Corona. In a press release issued after the board meeting, the RBI said that the performance of the Reserve Bank during the financial year July 2012 to June 2020 was also discussed. The list does not shed light on whether the demand for restructuring of loans by banks was discussed. Banks are demanding restructuring of loans to ease the strain caused by Kovid-12. Finance Minister Nirmala Sitaram recently said that discussions were underway with the Reserve Bank in this regard. The Finance Minister made a statement in this regard in his interaction with the industries. The list stated that some other issues were discussed at the board meeting held by video conferencing but did not elaborate on what kind of issues were taken up for discussion. If loans und...

New delhi date. 26 June 2020, Friday The United States has identified 20 Chinese companies, including Huawei Technologies, which is controlled by the military in Beijing. Potential sanctions could be imposed on these listed companies as part of the Donald Trump government's efforts to prevent China from receiving US investment and the availability of certain technologies. According to media reports, the Pentagon has released a list of communist Chinese military companies operating in the United States, including those owned or controlled by the Chinese government, military or defense industry. The list of these companies includes Aviation Industry Corporation of China, China Aerospace Science and Technology Corporation, China Electronics Technology Group Corporation, China South Industries Group Corporation, Hangzhou Hikwizing Digital Technology (Hangzhou) , China State Shipbuilding Corporation, China North Industries Group Corporation, Insper Group, Aero Engine Corporation of ...

New delhi date. 26 June 2020, Friday The tensions between India and China over the Galwan chapter have led to delays in customs clearance of raw materials from China at its Indian ports, leaving US companies stranded. Rising tensions on the LAC (Line of Actual Control) by China, on the other hand, have created a climate of strong opposition in India to the consumption of Chinese and Chinese goods. At the same time, clearance of raw materials from China at ports has also stalled. However, no reason has been given by the customs department for non-clearance of raw materials from China. Thus, various raw materials from China have been rocked at the ports. This adversity has put American companies in India in trouble. Raw goods from China have been stuck, especially at the ports of Mumbai and Chennai. Concerns among American companies have been heightened as raw materials get stuck. The raw materials of American companies operating in India also come to India from China, which is fac...

New Delhi, 26 June 2020 Friday Following the signature of President Ram Nath Kovind on the Central Government Ordinance, 1540 Co-operative Banks and Multi-State Co-operative Banks have now come under the purview of the Reserve Bank. After this new rule of Modi government, the deposits of 86 million account holders will be safe. All these banks have come under the supervision of the Reserve Bank. All these banking rules will apply to co-operative banks. Let us know what effect this order of the government will have on the customers of the bank ... After coming under the control of the Reserve Bank, these banks will also have to abide by RBI rules, which will make it easier for the country's monetary policy to succeed. These banks will also have to deposit some of their capital with the central bank. In this case, they are less likely to sink. In addition, the Reserve Bank will decide for which sector the money of the co-operative banks should be allocated. If a bank defaults n...

New delhi date. 26 June 2020, Friday The Confederation of All India Traders (CAT) has taken a step forward in its national campaign to boycott Chinese goods, 'Indian Goods, Our Pride', urging the country's traders and people to celebrate this year's Diwali on a grand scale as 'Hindustani Diwali'. According to Kat, all Indians resolve not to use any Chinese items this Diwali. He further said that the traders of the country stand very strongly against China and Chinese goods with Prime Minister Shri Narendra Modi and the country's army to ensure that Chinese goods or agreements with Chinese companies do not further pollute the country's trade in any way. "During this year's Diwali, our country's clay lamps and clay statues, decorative items, Indian-made bulbs and chandeliers and other items will be used," Kate said. Similarly other festivals like Rakshabandhan and Janmashtami will also be celebrated in accordance with Indian culture ...

(Gujarat News Correspondent) Mumbai, Ta. Thursday, June 25, 2020 With the number of people infected with the corona virus rising again around the world and the growing number of cases in India worrying that economic growth will be hit harder for the second day in a row, experts in the derivatives took an overbought position at the end of the June trend. Along with this, the announcement of weak results in the fourth quarter of Corporate India's final results, including IOC and Canara Bank, also had a negative impact on the market. International crude oil prices have been softening on the back of declining global industrial-economic activity since the Corona crash, as well as rising inventories in the United States. Crude oil Brent was close to ડો 60 a barrel in the evening and Nymex crude was close to ૩૭ 4.50. The US ban on the issuance of H-1B visas is expected to hit Indian IT-software services companies hard, with heavy offloading in IT-software stocks and profit-booking in oi...