Market and Business News

- Owned Murarilal Jala by buying 51% stake New Delhi on Tuesday, December 1, 2020 Jet Airways, which was shut down due to heavy losses, was informed that its new owner Murarilal Jalan was committed to resume operations in the next six months. Initially domestic service will be started and then flights to European countries and West Asia will be started. Jala acquired the ownership of Jet Airways by buying a 51 per cent stake. When the airways closed in April 2019, thousands of people became unemployed. According to sources close to Jalan, the jets will start flying again from June 2021. In addition to Jalan, Callarok Capital, a London-based financial advisory firm, is a partner in Jet Airways with a 14 per cent stake. Murarilal Jalan is the owner of MJ Developers and his business is spread across India as well as the United Arab Emirates, Russia and Uzbekistan.

Mumbai, Ta. 30 November 2020, Monday November saw manufacturing activity in China hit a three-year high. China seems to be recovering from the effects of the coronavirus. The Purchasing Managers' Index (PMI) for China's manufacturing sector, which stood at 21.50 in October, rose to 6.10 in November, according to data from China's National Bureau of Statistics. This is the highest PMI in the manufacturing sector since September 2016. A point above 50 is called an extension of that area. Manufacturing activity in China is returning to previous levels. However, the resurgence of corona cases and lockdown measures in China's trading partners are likely to reduce China's export demand. The index of export orders rose to 61.90 in November from 31.00 in October. China's PMI covers large and state-owned companies. Looking at the prices of products from trade, it seems that the industrial sector is improving. A strong e-commerce festival in China in November booste...

(By commercial representative) Mumbai, Ta. 30 November 2020, Monday Mumbai Jewelery Bazaar and Money Market were closed today on the occasion of Guru Nanak Jayanti. But behind the world market, gold and silver prices in Mumbai plummeted in private. Crude oil was also weakening in the world market. In the Mumbai market, the price of 10 grams of gold excluding GST at Rs 2.50, which was Rs 200 last weekend, fell to Rs 200 and the price of 9.50 to Rs 500 was quoted at Rs 2,000. Prices with GST were quoted three per cent higher. Silver.2 The price of one kg was Rs. Prices with GST were quoted three per cent higher. In the Ahmedabad jewelery market, gold fell by Rs 200 to Rs 500 per ten grams and Rs 500 to Rs 7.50 per ten grams. Silver fell by Rs 150 to close at Rs 200. Gold was trading at ૭૭૨ 18 an ounce and 17 an ounce, while silver was trading at ૨૨ 2.15 an ounce. Platinum was trading at ૯૬૮ 6 an ounce, while palladium was trading at ૨૪ 801 an ounce, down from ૨૪૨૮ 8 an ounce. Novemb...

(Commercial Representative) Mumbai, Ta. 30 November 2020, Monday In the Mumbai oilseeds market, there was a new demand today in the wake of the bank holiday and the public holiday. Trades were scattered. However, world market news was softening and as a result, market prices were softening in the Mumbai market today. In the world market, palm oil futures in Malaysia fell by 9 points today, while palm product prices, however, remained at ઢ 2.5 plus. In the US agricultural markets, soyoil futures were in projection of 4 to 5 points in the projection this evening. Soybean prices also remained soft. While soyoil prices were quoted higher In China, however, soybean prices rebounded to an 11-year high. Meanwhile, the Indonesian government has reportedly increased its export tax on crude palm oil CPO to માટે 3 per tonne for December. Palm oil futures were down today as there were indications that the Malaysian government would not extend the tax exemption on edible oils. There was talk o...

Mumbai, Ta. 30 November 2020, Monday Moody's Investor Services said on Monday that emerging Asian banks will face a capital shortfall in the next two years, unless new capital is pumped into India, which could lead to a sharp erosion in bank capital. Uncertainty over asset quality poses one of the biggest risks facing emerging market banks as operating conditions will remain challenging amid the Corona epidemic. The outlook for emerging market banks is negative in 2021, while the position for insurers appears to be stable, according to a Moody's report. The growing non-performing assets of banks and the volatile investment portfolios of insurance companies are currently at the center of the Asia-Pacific region. Asia will see a significant decline in capital over the next two years, and India and Sri Lanka will see a sharp erosion of capital if new capital does not come. Severe shocks to the economy and poor performance of some types of loans will lead to an increase in NPA...

Mumbai, Ta. 30 November 2020, Monday The Reserve Bank of India (RBI) is likely to keep the repo rate unchanged at this week's review meeting in view of high retail inflation. The monetary policy review meeting of the RBI's Monetary Policy Committee (MPC) is set to begin on December 2. Retail inflation is higher than the RBI's target level. With the country's economic growth negative in the September quarter, the Reserve Bank of India (RBI) is expected to continue its accommodative stance and opt for further cuts in interest rates. The repo rate is expected to remain at 5 per cent in the policy to be unveiled on December 8. Retail inflation is expected to average around 5 per cent in the current financial year and is unlikely to fall below 5 per cent before March, an analyst said. The country's GDP recovered sharply in the September quarter to a negative 2.50 per cent after a historic decline of 3 per cent in the June quarter. Despite these improvements, the pac...

New Delhi, Monday 30 November 2020 Gold prices may have fallen slightly in the last few months, but the Corona crisis reached record highs. However, there are now good signs of gold prices in India. The year 2020 is still one month away. That is, in 2021, there may be better news about the price of gold. Recently, gold has become cheaper. It is now expected that at the beginning of next year, i.e. at the beginning of 2021, Rs. 42,000 could be reduced. Why would this happen? Many reasons are responsible for this. But the most important reason is that corona and vaccines are being made to prevent it. During the Corona period, there was a lot of investment in gold. This is also because gold is considered a safe investment. However, this led to an increase in gold prices. And the price of gold reached its record level. Now, many corona vaccines in the world are almost ready and the rupee is back in strength. The stock market is also gaining momentum as the market is opening at full ca...

Mumbai, Ta. 28 November 2020, Saturday The country's industries are expecting a recovery in the coming months as India's economic growth slows in the September quarter. The steps being taken by the government to revive the country's economy, which has been hit hard by the corona, are showing positive results. The Confederation of Indian Industry expressed the expectation that the improvement in GDP would boost the confidence of the industries. The economy has improved dramatically in the last few weeks as the lockdown has eased, said Chandrajit Banerjee, director general of the Confederation. The country's GDP, which was negative at 7.50 per cent in the June quarter, improved to 4.50 per cent in the September quarter. FICCI President Sangeeta Reddy described the improvement in GDP as a pleasant surprise. GDP figures are better than most analysts expect, indicating that India's economy is on the verge of recovery. Analysts had projected a decline of more than ei...

(Commercial Representative) Mumbai, Saturday In the Mumbai oil and bean market, cingulum oil prices rose further today, while cottonseed oil also rebounded. There were indications that the price of cotton washed was raised by the manufacturers to Rs 1,000 to Rs 1,005. Meanwhile, imported palm oil and soyoil prices rose while sunflower oil prices remained soft. Meanwhile, there was news that the government had increased the tariff value used as a benchmark to calculate the import duty on edible oils imported into the country. This has led to an increase in the effective import duty at home and its effect was seen on the market price today. In the Mumbai market, however, new demand was slowing down today and hawla resell in imported palm oil traded at around Rs 200-50 per 10 kg at Rs 9-50 per kg. Meanwhile, the central government has hiked the tariff value of crude palm oil CPO from ૮૪૭ 5 to ૯ 203, while the price of palm oil has been increased from ૮૮૬ 3 to ૯૩૪ 8 and soyoil from ૯૫૭...

Mumbai, Ta. 28 November 2020, Saturday Industry expects India's palm oil imports to increase by as much as one lakh tonnes a month from December as the government reduces the import duty on crude palm oil. Local refiners are also expected to benefit from cheaper imports. India is the largest importer of palm oil. In a decision taken on Thursday, the government has reduced the import duty on crude palm oil from 7.50 per cent to 7.50 per cent. The decision is part of a drive to curb rising food prices in the country. According to sources in the Indian Vegetable Oil Producers' Association, the reduction in import duty will make palm oil more competitive with sunflower and soybean oil and importers will have to pay 2.50 per cent less tax on it. Import duty on crude soybean oil and crude sunflower has been maintained at 5 per cent. India imports most of its palm oil from Malaysia and Indonesia. Market circles are expecting that the reduction in palm oil duty will also be favor...

Mumbai, Ta. 28 November 2020, Saturday In October, lending to the country's industries declined by 1.50 per cent year-on-year. The growth rate of personal loans has also seen a decline. However, medium-sized industrial units have seen strong growth in lending, according to RBI data. Despite a significant reduction in interest rates by the Reserve Bank, loan withdrawals by industries have been slow. Credit to large enterprises declined by 4.50 per cent, but credit to medium enterprises grew by 12.50 per cent in October. In October 2017, lending to the industrial sector grew by 2.50 per cent. Lending to the agriculture sector, which has been good in the monsoon this year, has increased by an impressive 6.50 per cent, as against 8.10 per cent in October last year. The growth rate of personal loans was 5.50 per cent in the same month of the current year as against 18.50 per cent in October 2016. Vehicle loans are also on the rise due to the increase in vehicle sales at the village...

(By commercial representative) Mumbai, Ta. 28 November 2020, Saturday The prices of both the precious metals were lower in Mumbai on Saturday in private as a result of a sharp fall in gold and silver prices over the weekend. The effective import duty on gold and silver has also come down as tariff value has been reduced to calculate import duty. Was on Saturday. World market crude oil prices were sluggish and the OPEC meeting starting on Monday is under scrutiny. Gold and silver prices in the world market have reached a five-month low. At home, the Mumbai market was closed on Saturday. But over the weekend, prices in the world market fell. Gold was trading at Rs 2.50 per 10 grams excluding GST on Saturday. Gold was quoted at Rs 500 with a price of Rs 2.50. Prices were quoted three per cent higher with GST. Silver.2 The price of one kg was Rs. Prices were quoted three per cent higher with GST. In the Ahmedabad market, gold fell by Rs 500 to Rs 30,100 per ten grams and Rs 30,700 per ...

(Gujarat News Correspondent) Mumbai, Ta. 28 November 2020, Saturday Amid claims of success of the corona vaccine with a worrying increase in the transmission of the corona virus, foreign portfolio investors-FPIs and FIIs in the Indian stock markets on a daily basis are facing a new investment flow of tens of thousands of rupees. Despite concerns over Corona's transition, the country is expected to take some more easing-liquidity measures in its lending policy review next week in an effort to get the economy back on track with a rapid recovery. But now in the coming days, along with the positive factors, the bullish trade in stocks is likely to ease, so caution will be necessary. Even in the last few days, small and mid-cap stocks have seen a wide-ranging bullish storm, so be careful not to get bogged down in stocks of companies with weak fundamentals. Look at the Reserve Bank's lending policy review on Friday: Stock markets will be closed on Monday for Guru Nanak Jayanti In...

New Delhi, Saturday 28 November 2020 Bitcoin is the most popular cryptocurrency in the world and it has once again become a topic of discussion among investors. This artificial currency has given a strong return so far in the year 2020 and market experts believe that it will continue to rise in the near future. A Citibank report called Bitcoin the gold of the 21st century. This digital currency has jumped 160% from the level of 7196 as on 31st December 2019, giving a return of 160%. The currency had earlier peaked at 19,870 on December 17, 2017. In the year 2020, the price of Bitcoin has increased by 168 per cent to Rs 13,76,304. It is currently priced at around Rs 17,000 (approximately Rs 12.58 lakh). According to a report, the price of this digital currency is likely to rise by December 2021 and could see a good rally in the next 12 to 24 months. Only time will tell how far the price of Bitcoin can reach. While US head fungus is buying crypto assets, PayPal is giving its custome...

New Delhi, Saturday 28 November 2020 In the bullion market, 24 carat gold closed at Rs 48829 per 10 grams. On August 7, gold hit a new high of Rs 56,254. Since then, gold prices have fallen by Rs 7,425. Similarly, silver also touched its highest level on 7 August. Since then, silver had touched Rs 76,008 per kg. But on November 27 it was priced at 60069. Silver also declined by Rs 15,939 during the period. Why is the price of gold falling? Positive news on the vaccine's response to the Covid-19 epidemic has led to a decline in gold, with experts saying that the recovery in the global economy and easing tensions between the US and China have led investors to abandon gold and move to the stock market in the near future. Prices are unlikely to rise sharply. What experts say According to experts, the positive news about the Covid-19 vaccine has led to a drop in prices worldwide, but the price of gold could reach Rs 57,000 to Rs 60,000 per 10 grams. Every aspect should be consider...

New Delhi, Saturday 28 November 2020 The Securities and Exchange Board of India (SEBI) has banned NDTV promoters Pranay Roy and Radhika Roy from trading in the securities market for two years. This action has been taken due to being involved in insider trading. SEBI has also asked the duo to repay Rs 16.97 crore earned illegally from insider trading activities 12 years ago. The regulator has also banned seven other individuals and entities for a period of one to two years. Some of these have been asked to return illicit earnings made by insider trading from unpublished price sensitive information. SEBI has taken this step after examining the trading of the company's shares between September 2006 and June 2008. SEBI found that a number of provisions relating to insider trading have been violated during this period. SEBI said the individuals and entities concerned could pay the amount alone or together. They will have to pay this amount with interest of six per cent from April 17...

New Delhi, Saturday 28 November 2020 The Corona crisis has also hit the GDPs of the world's major economies for the second consecutive quarter. This is India's second worst performance in a major economy during the July-September quarter. India's GDP fell 7.5 per cent in the September quarter, though better than the 23.9 per cent decline in the June quarter. All the major economies of the world are struggling with the Covid-19 epidemic and lockdown. China, the world's second-largest economy, did well, growing 4.9 percent in the July-September quarter of 2020, compared to 3.2 percent in the previous quarter. The situation of other big economies is also coming up in the second quarter .... Britain Britain's performance in the second quarter was the worst. In the larger economy, Britain alone has seen its GDP fall 9.6 per cent in the meantime. Britain is in the midst of a recession with declines for the third consecutive quarter. The British economy suffered its bi...

(Gujarat News Correspondent) Mumbai, Ta. 27 November 2020, Friday The weekend saw a break in the Sensex-Nifty-based rally today, with funds, high networth investors, players wreaking havoc in small, mid-cap, cash stocks. The BSE Small Cap Index jumped 3.06 points to 17.15 and the BSE Mid Cap Index jumped 216.5 points to a new record high of 19,612.5. Funds were aggressive in special automobile, consumer durables, pharmaceuticals stocks with attraction in banking-finance stocks. While profit-booking in IT-software services stocks, the Sensex-Nifty based market remained in the negative zone. At the close of trading, the Sensex was down 110.05 points at 9,12.5 and the Nifty spot was down 13.05 points at 12,9.5. The US dollar had gained 18 paise to close at Rs 2.08 against the rupee today. International crude oil prices rose sharply today to ન્ટ 4.11 a barrel on Brent crude and ૩ 6.31 a barrel on Nymex crude. Sensex 2000 remains intact: up 5,705 to 5,6, down 110 points to 5,130 Trading...

(Commercial Representative) Mumbai, Ta. 27 November 2020, Friday In the Mumbai oil and bean market, the price of cingulum oil rose today on the back of manufacturing stocks. At present, palm oil traded at about 150-200 tonnes in hawala-resale, while refineries' direct deliveries for December delivery traded at around 400-500 tonnes, market sources said. Palm oil prices rose in Malaysia and Indonesia today as import duties on India eased. In Malaysia, palm oil futures rose by 115 points today, while product prices rose by ૨ 50 to ૨૫ 6 a barrel, and crude palm oil CPO prices rose by ૫ 15 in Indonesia. Meanwhile, palm oil was trading at Rs 5 per 10 kg in the Mumbai spot market today while crude palm oil CPO Kandla was quoted at Rs 4. In the futures market, CPO futures were trading at Rs 4.50 in the evening after hitting a low of Rs 6, while soyoil futures recovered after the shock and rose to Rs 105 in the evening, sources in the futures market said. Meanwhile, in the Mumbai spot...

Mumbai, Ta. 27 November 2020, Friday The country's Rs 2.50 trillion fast moving consumer goods (FMCG) sector is expected to decline by 1 to 4 per cent this year. Research firm Nelson's comments come in the face of challenges such as high commodity prices. The FMCG sector showed positive growth in the July-September quarter. In addition, the fourth quarter of 2020 will see growth in the sector, but the negative growth rate seen in the first six months of 2020 can not compensate for the normal growth of the last six months, a firm report said. In the second quarter of the current year, the FMCG market saw an annual decline of 12 per cent. The lockdown, which took effect on March 8, had a serious impact on the FMCG sector. Considering that the country's economy is booming, consumer confidence is also expected to increase in phases over the next 12 months, the RBI said. The RBI said in its October report that its Future Expectations Index improved for the second month in a...

Mumbai, Ta. 27 November 2020, Friday Demand for credit cards is also on the rise in the country due to the growth in online shopping and digital transactions due to Corona. Demand for new credit cards has been higher in October this year than in October last year. Corona has drastically changed the way consumers buy. According to Reserve Bank sources, demand for credit cards is increasing in small towns and non-urban areas. Banks check their credit history before issuing credit cards to customers. This shows an increase of 104 per cent over October last year. In April of this year, the number of such investigations was five per cent lower on an annual basis. The lockdown imposed due to Corona had an impact on the investigation. It improved in July but was 31 per cent lower than in July last year. There has been a complete improvement in the volume of inquiries for credit cards, indicating an improvement in consumer-related economic activity in the country, Reserve Bank sources sai...

(By commercial representative) Mumbai, Ta. 27 November 2020, Friday The back of the world market saw a rebound in prices during the routine trading in the gold and silver market. However, in the late evening, global gold prices fell again in the Mumbai bullion market late in the evening, gold prices fell further by Rs 200. The rupee weakened against major global currencies while crude oil remained subdued. The country's GDP figures for the September quarter were negative but better than analysts had expected and for the June quarter. The country's fiscal deficit could be a cause for concern for policymakers as it rises significantly above the current fiscal year's target. At home, the GST-free price of 10 grams of gold in the Mumbai market, which was Rs 5 yesterday, was slightly lower. Prices with GST were three per cent higher. The price of ten grams of gold at Rs 2.50 was Rs 5 with Rs 5. Prices with GST were quoted three per cent higher. Silver.2 The price of one kg w...

Mumbai, Ta. 27 November 2020, Friday As a result of the lockdown imposed by Corona, the period of completion of unsold inventory in the real estate sector, which was 6 months in Corona's previous period, has now been extended to 6 months at the end of September of the current financial year. The slowdown in sales in the first quarter of the current financial year and the slow recovery in the second quarter led to an increase in inventory, a rating agency said in a report. Of the country's six major real estate markets, Hyderabad and Bangalore have the lowest inventory levels, followed by Chennai, followed by the Mumbai Metropolitan Region. A total area of ​​2.50 crore square feet was sold during the period. The biggest declines were in Delhi NCR and Bangalore, according to a report by India Ratings. The performance of the residential sector as an asset class has been poor, which has strained the minds of investors. With the exception of Hyderabad and Bengaluru, the rest of...

New Delhi, 27 November 2020 Friday GDP figures for the September quarter show that the Indian economy is clearly in recession. Although there has been a recovery compared to the June quarter, there is still a challenge for the government. The latest figures show that GDP growth was negative at 7.5% in the second quarter of FY20-21. In the first quarter of the financial year, the June quarter, the Indian economy contracted by about 24 per cent. Negative growth for two consecutive quarters is technically considered a downturn. That is to say, the government has officially accepted the recession. It may be mentioned here that the Indian economy was going through an unlocked phase in the September quarter of the financial year 2020-21. This means that the economy was slowly opening up after a severe lockdown. Also increase the fiscal deficit By the end of October in the current financial year, the central government's fiscal deficit has widened to Rs. 9.53 lakh crore, which is a...

New delhi date. 27 November 2020, Friday Today is the second time in the Corona era that GDP growth figures have come up. Amid the Koro crisis, the country's economy contracted by 7.5% in July-September, the second quarter of the current fiscal year 2020-21. According to figures released by the Department of Statistics, this led to a 4.4% increase in GDP in the first quarter of the fiscal year 2019-20. At the same time, production of 8 major infrastructure industries declined by 2.5% year-on-year in October. The economy contracted sharply by 23.9% in the April-June quarter of the first fiscal year due to the Koro epidemic and the lockdown to prevent it. China's economic growth was 4.9% in the July-September quarter and 3.2% in the April-June quarter. According to the accepted definition of economist, if a country's GDP remains negative for two consecutive quarters, it is considered a state of recession. In this sense, if India's GDP was actually negative in the se...

-Warning pronounced by economic experts After 27 years, the Reserve Bank agreed to do so New Delhi Dated 27th November 2020 Friday Twenty-seven years after 1993, the Reserve Bank allowed private entrepreneurs to enter the banking sector. But there are currently differing views on handing over banks to corporates. Top economists have been saying that strict security measures should be put in place before handing over banks to corporates. Three of the ten stakeholders demanding the administration of the banks were members of the Reserve Bank's internal working group. These members last week advocated for commercial companies to enter the banking sector. These members expressed the view that there is no doubt that private companies will come into the banking sector with ample capital, professional experience and effective management. But these companies have to have strict security measures when giving loans so that the loan amount is less likely to default. Among such experts ...

(Commercial Representative) Mumbai, Ta. Thursday, November 26, 2020 As a result of the Reserve Bank of India's move to merge Lakshmi Vilas Bank (LVB) with DBS Bank, Lakshmi Vilas Bank's shareholder capital is now nil. The suspension of trading of shares in NSE was announced late yesterday evening. With this, trading in bank stocks on both NSE and BSE was suspended from today-Thursday. A statement issued by the NSE said that shares of Lakshmi Vilas Bank have been trading since the closing hours of November 4, 2020, when the Department of Financial Services-Ministry of Finance issued a gazette notification on November 4, 2020. Earlier, the amalgamation of Lakshmi Vilas Bank with DBS Bank would be implemented by the Reserve Bank of India from November 4, 2020 and the moratorium would be withdrawn from the bank from that day. With this, all the branches of Lakshmi Vilas Bank will now function as branches of DBS Bank India. Depositors of Lakshmi Vilas Bank will be able to operat...

Mumbai, Ta. Thursday, November 26, 2020 The prices of cryptocurrencies, including Bitcoin, have seen a sharp rise in the last twenty-four hours. The debate over whether the boom in cryptocurrencies could be rekindled was sparked by the crash. The price of Bitcoin was seen at ઉપ 16 per unit and ૬૫ 1213 per unit in 24 hours. Bitcoin prices fluctuated by ૩ 2,000 in 24 hours. Prices were seen at a three-month low. Late in the evening, the price was quoted at ૭૨૭૫ 15. Rumors that the US was preparing to crack down on cryptocurrencies were rife. Along with Bitcoin, other cryptocurrencies such as Ether, Stellar, XRP also saw a sharp decline on various exchanges. The crash comes after the current year saw a 150 per cent rise in bitcoin prices. It has seen a sharp decline in a single day after prices rose more than 50 per cent in November. After hitting an all-time high of ૯૬૬૬ 15 in 2016, Bitcoin was again eroded. After a gap of three years, Bitcoin has once again crossed the 15,000 pe...

(By commercial representative) Mumbai, Ta. Thursday, November 26, 2020 Domestic sentiment was also on the back of a slow recovery in the precious metal in the world market. However, after Diwali, there is no special demand and the improvement in prices is limited. Platinum and palladium prices have risen on the back of industrial demand in China. The rally in crude oil saw a stabilization in hanging prices. The dollar continued to weaken in the domestic currency market. At home, gold in the Mumbai market, which is 3.50 per ten grams excluding GST, improved modestly to close at Rs. Prices with GST were quoted three per cent higher. Gold for immediate delivery rose by Rs 5 to Rs 2.50 per ten grams. Prices with GST were quoted three per cent higher. Silver. The price of one kg excluding GST, which was Rs 31,201 yesterday, rose to Rs 4,050 today. Prices with GST were quoted three per cent higher. The Ahmedabad market saw a stabilization in gold and silver. Gold was quoted at Rs 30,700...

Ahmedabad / Unjha, Ta. Thursday, November 26, 2020 With the onset of cold season after a good monsoon season, traders are worried that the recession is likely to intensify due to the steady decline in global demand due to the epidemic. After Diwali, cumin futures are likely to see the lowest prices of cumin this season as the prices are going down by Rs 10 per kg as well as spot prices. Nowadays, as the cold season is gaining momentum and the monsoon is also good, the cultivation of sun crops is increasing significantly. Due to which, most of the commodities including chickpeas, rye, guar, cumin are experiencing a recession and the agricultural markets are witnessing a sluggishness. Cumin futures fell to Rs 15 per kg during Diwali and have plummeted to around Rs 12 in a decade. Volume in cumin futures has also come down to around 30 tonnes in December and around 200 tonnes in January. The average price of cumin is currently hovering around Rs 500 per ounce, with the possibility o...

Mumbai, Ta. Thursday, November 26, 2020 During the recently concluded festive season, car demand in the country increased by 10 to 15 per cent. Sources from The Federation of Automobile Dealers Associations said demand for new cars was higher in rural areas than in urban areas. This year, the festive season started from Onam on October 16 and ended with Diwali on November 15. The level of inquiries and bookings is high even after Diwali and the trend is expected to continue till December, sources said. The good monsoon has resulted in an increase in rural incomes with high crop yields which has led to an increase in demand for vehicles in the area. Although it will take some time for the exact figures to be received, preliminary figures indicate high demand in rural areas. Farmers' incomes are growing significantly as the government raises support prices.

(Gujarat News Correspondent) Mumbai, Ta. Thursday, November 26, 2020 The November trend in derivatives ended with a stormy rally today. Banking-Finance, led by metal stocks, the Sensex again crossed the 2000 level and the Nifty ... again. Reports of progress in corona vaccine testing against the growing transition to corona and worrying conditions in the US and European countries and the expectation of a stimulus package against rising unemployment claims in the US were also seen in Indian stock markets today. But at the end of the November trend, the bullish experts did not give a damn about the recession today and the bullish trend turned sharply in December. Prime Minister Narendra Modi also decided to visit the Serum Institute in Poona to learn about corona vaccine development. Along with this, banking-finance, metal-mining and consumer durables stocks rose by 31.5 points to close at 2.4 and the Nifty spot jumped by 14.50 points to close at 17.8. The US dollar had lost two paise ...

- Banks informed the stock markets only on Wednesday New Delhi Dated 26th November 2020 Thursday The nationwide strike of bank employees today was likely to adversely affect the functioning of banks. The strike was called by most unions except the Indian Trade Union Confederation. Some banks had informed the stock exchanges on Wednesday that the strike by bank employees on Thursday was likely to affect the operations of the banks. Akhil Bharatiya Bank Karmachari Sangh, Akhil Bharatiya Bank Adhikari Sangh and Bharatiya Bank Karmachari Sangh joined the strike. These people argued that the central government was increasing the workload on existing employees through the merger of banks. These people also argued that some of the recent changes made by the central government to the Labor Law were anti-employee and therefore we oppose it. This amendment to the Labor Law should be repealed by the government. The unions were also arguing that the new Labor Law was in the corporate interest...

Mumbai, Ta. 25 November 2020, Wednesday For the first time in the last three years, the country's sugar mills have signed export agreements without government support. Sugar mills have been forced to enter into export agreements without subsidy support from the government in view of the increase in the amount of sugarcane to be given to farmers. The mills have so far signed an agreement to export 10,000 tonnes of sugar in the new sugar season starting October 1. The mills are disposing of sugar keeping in view the high stock of sugar and the possibility of abundant production, industry sources said. India is the second largest producer of sugar besides the largest consumer. But the country produces more sugar than it needs, which leads to overcrowding. The government continues to provide subsidies to encourage sugar exports so that farmers can get their money on time. However, the announcement of subsidies has been delayed this year due to differences between the ministries. T...

Mumbai, Ta. 25 November 2020, Wednesday The Reserve Bank of India has slashed interest rates significantly in recent days and the next cuts will depend on how much inflation eases. At present, inflation is high due to supply shortages caused by the Corona, RBI sources said. The share of food in the country's inflation is very high and food prices are expected to come down by December. Bringing down prices is not easy in Corona’s time. The next meeting of the RBI's Monetary Policy Committee is scheduled for December. In the last meeting, the committee avoided lowering the repo rate as retail inflation remained higher than the Reserve Bank's target. Given this fact, the government was forced to release more stimuli. The economic situation in the country is not as bad as it used to be. Out of the 8 high frequency indicators that provide the criteria for economic dynamics, 12 indices indicate that the situation is returning to normal. The Reserve Bank has cut the repo rat...

Mumbai, Ta. 25 November 2020, Wednesday The Bank of America expects the September quarter economic growth figures to be better than the June quarter, which will be released later this month. GDP is expected to remain negative at 4 to 5 per cent in the September quarter after remaining negative at 3 per cent in the June quarter. The September quarter GDP figures are due at the end of the month. The Bank of America also estimates that India will see a current account surplus of one per cent at the end of the current financial year, given the sharp decline in imports. It has revised its economic growth forecast for the current full fiscal year to 7.50 per cent from 11 per cent earlier. The Reserve Bank will allow the rupee to depreciate from Rs 5 to Rs 7 against the dollar and will make a net purchase of ૭૭ 3 billion in the current financial year. The Reserve Bank has made a net purchase of 2.50 billion this year. The Reserve Bank will continue its policy of buying the dollar whenev...

(By commercial representative) Mumbai, Ta. 25 November 2020, Wednesday Domestic gold remained moderately soft behind the global market while silver saw a rebound. In the Ahmedabad market, silver rose by Rs 1,000. The dollar weakened further in the local currency market. The firmness was maintained in crude oil. The new government in the United States is preparing to become active and the countries of the world are also preparing a vaccination plan against the anti-corona vaccine. At home, the excise duty on gold and gram in Mumbai market, which was Rs 8 per 10 grams, which was Rs 5 yesterday, fell to Rs 510 today and closed at Rs 4. At 2.50 gold, the price of ten grams was Rs. Prices with GST were quoted three per cent higher. Silver. The price of one kilogram was Rs. Prices with GST were quoted three per cent higher. Ahmedabad silver rose by Rs 1,000 to close at Rs 21,500. Gold was closing at Rs 30,700 per ten grams and Rs 21,000 per 2.50 grams. The price of gold, which was taken...

Mumbai, Ta. 25 November 2020, Wednesday During the April-October period of the current year, the premium on health insurance has increased by 18.50 per cent year-on-year, indicating an increase in the need for health insurance during the Corona period. According to the data, the premium collection in the health insurance segment during the same period of the current year has been Rs 4.5 crore as compared to Rs 303 crore in the April-October period of 2017. In the health insurance segment, retail grew by 4 per cent, while group insurance premiums grew by 12.51 per cent. On the other hand, the government's health insurance scheme has seen a 5 per cent decline in collection. The increase in demand for health insurance products is benefiting health insurance providers. The collection of premiums in the retail health portfolio has been 8 per cent higher while the premiums of general insurance companies have increased by 21 per cent during the period, according to the data. "...

(Commercial Representative) Mumbai, Ta. 25 November 2020, Wednesday In the Mumbai oilseeds market, prices of various imported edible oils were seen stabilizing on the back of shocks, while domestic edible oils were also hitting. However, sunflower oil prices remained subdued while cotton washed prices rebounded to Rs 1,000 in the evening after falling by manufacturing units. Meanwhile, edible oil prices in the world market were on the rise. New demand in the Mumbai market was sluggish today and 150 to 200 tonnes of imported palm oil was traded at hawala-resell at Rs 5 to 20 per 10 kg. The futures market was quoted higher in the evening. In Malaysia, palm oil prices rose by ડો 2.5 today, while palm oil futures were up 3 points. However, total palm oil exports from Malaysia declined by about 12 to 15 per cent in the first three days of November. There were also reports that Malaysia was considering imposing an additional cess on crude palm oil CPOs from January. Meanwhile, the govern...

(Gujarat News Correspondent) Mumbai, Ta. 25 November 2020, Wednesday Amid the success of the global corona vaccine trial to combat the corona epidemic and the positive factor that Prime Minister Narendra Modi is preparing to work with the states on a war footing to make arrangements for the distribution of the vaccine in India in the coming days, the crisis is likely to end in the coming days. The bullish trade eased. Funds that have so far been bullish in the market on the back of negative factors are now beginning to ease the bullish trade on the back of positive factors. Even before the end of the November trend in derivatives on Thursday-Thursday, funds, experts had eased the overbought position in the stocks, leading to an index-based crash. With reports of vaccine success on the international front hitting gold-silver, now that Donald Trump has been defeated in the US, Biden's readiness to come to power and anticipation of stimulus funds in US markets saw a modest softening...