Market and Business News

New Delhi: Tomorrow, Ta. On July 1, the country will complete four years of implementation of GST (Goods and Services Tax). C. Ta. The implementation of GST started on July 1, 2016. In these four years, the GST Council met three times to take other decisions, including amendments to the law. During this time more than 3 crore returns have been filed. So about 1.5 crore taxpayers have been registered. GST includes a total of 18 cess including excise duty, service tax, VAT. Thus, 18 taxes have been included under GST. Which is why this law is becoming easier for consumers and taxpayers. At present the turnover of the business is Rs. 5 million (for goods) is excluded from the scope of GST. Earlier, the limit was Rs 20 lakh. Whose annual turnover is Rs. 1.5 crore, they can avail the benefit of composite scheme and only 1% tax (on goods) is applicable on them. Service based business Rs. If there is a turnover of up to Rs 50 lakh, it is excluded from GST. The service business has to pay 3

Following the highs seen in April, chickpea prices have now fallen by as much as 20 per cent to below Rs 2,000 per quintal. The fall in demand has had an impact on prices. In addition to the second wave of corona, the price of chickpeas has come under pressure from NAFED, market sources said. In addition, the government's opening of imports under an open general license has been declining since the second fortnight of May. Adad prices have fallen by around Rs 1,200 per quintal to around Rs 200. The spot price of chickpeas has slipped below the support price of Rs 2,100 per quintal and prices are hovering around Rs 200 to Rs 300 in various mandis in Madhya Pradesh and Rajasthan. In addition to the drop in demand due to the corona, the government's inquiry into the stocks held by traders has caused panic in the business community, said an official of the Indian Pulses and Grains Association. NAFED has started selling chickpeas in the domestic markets, which has led to fallin

MUMBAI: Manufacturing activity in China weakened in June to a four-month low. The high cost of raw materials, the global shortage of semiconductors and the resurgence of corona cases in the main export province of Guangdong have affected manufacturing activity. China's Purchasing Managers' Index (PMI) for the manufacturing sector, which stood at 21.00 in May, fell to 30.50 in June, according to data from the National Bureau of Statistics. China, the world's second-largest economy, has largely recovered from the effects of the Korona virus, but disruptions in the global supply chain, ranging from high raw material prices, continue to pose a challenge to China's manufacturing sector. Exports have been disrupted by a resurgence of corona cases in China's main export province of Guangdong. New export orders declined for the second month in a row in June. On the other hand, the impact on auto production due to the shortage of chips has resulted in an unexpected decl

MUMBAI: The country's private sector banks accounted for 2.50 per cent of total lending in the last financial year on the back of accelerated growth in credit growth. In the 2016-17 financial year, the share was 4.50 per cent, according to RBI data. The lending share of private banks has increased by 12 per cent in the last five years. Private sector banks are seeing higher loan growth compared to other banks. Five years ago, their share of total lending was 4.50 per cent. Lending to private sector banks grew by 8.10 per cent in the last fiscal. Among public sector banks, the figure was 8.50 per cent. Lending by foreign banks declined by 2.50 per cent, compared to a growth of 3.50 per cent in FY2017. In the last financial year, the overall growth rate of lending in the banking sector in the country was 4.50 per cent as against 7.50 per cent in the financial year 2015-16. Lending has been slow due to Corona's impact on the country's trade and industry. The data also sho

New Delhi: The government has decided to extend the anti-dumping duty on certain types of steel products for another six months. It has been decided to extend the anti-dumping duty on these cheap products imported from China, Japan and Korea till December 15 this year. The decision is aimed at protecting domestic industries. According to two separate notifications issued by the Revenue Department, hot rolled products of alloys and non-alloy steel imported from China, Japan, Korea, Russia and Brazil and cold rolled products of alloys and non-alloy steel imported from China, Japan and Korea. The duration of the duty has been extended. The Directorate General of Trade Remedies, Investigation Branch, Ministry of Commerce, has recommended extension of duty on these products. The duty was imposed in August 2016 for five years. In addition, the period of duty on tire curing presses has also been extended till November 30, 2021. This duty is levied on presses imported from China. In anoth

(Gujarat News Office) MUMBAI: Gold prices continued to decline in the Mumbai jewelery market today. While prices in silver rose again after initially breaking. There was news of a further decline in gold prices in the world market. The rise in the dollar index in world markets was followed by encouraging consumer confidence data in the US, which was followed by news of a surge in funds selling in global gold. In today's world market, gold prices fell by લર 15 to ૭૬૬ 12 an ounce to ૭૫૬ 12-13 an ounce. The rupee's decline against the dollar in June was the biggest in 12 months, market sources said. Meanwhile, in the Ahmedabad market today, gold prices fell by Rs 100 per 10 grams to Rs 900 from Rs 4.50 and Rs 200 from Rs 8.50. While Ahmedabad silver price today fell by Rs 200 per kg to Rs 4,000. Silver in global markets traded lower at ૨૫ 3.71 to ૮૩ 6.5 an ounce, up from ૨૫ 7.5 to ૮૩ 7.5 an ounce. Palladium, however, surpassed થી 61 to ૨૬૭૨ 800 an ounce and crossed ડો 200, wit

(Gujarat News Office) MUMBAI: Prices of imported palm oil fell in the Mumbai oilseeds market today amid selling news that the government had reduced import duty. Against new demand was slow. Palm oil futures in Malaysia were at 120 to 15 points plus at one stage after import tariffs were reduced in India. In the Mumbai spot market today, the price of 10 kg of imported palm oil was Rs 1150 to Rs 115. While the price of crude palm oil CPO Kandla was quoted at Rs. In the futures market, CPO futures fell by Rs 12.50 this evening to Rs 41 within Rs 1,000. While soyoil futures fell by Rs 2.50 to Rs 19, futures market sources said. Meanwhile, according to reports from Delhi, the Center has reduced the import duty on crude palm oil CPOs from 12 per cent to 10 per cent. The new duty rates came into effect on Wednesday, June 20 and will remain in force till September 30, government sources said. Meanwhile, RBD Palm Oil, RBD Palmolin, RBD Palm Sterin Vs. The government has also reduced the im

(Gujarat News Correspondent) MUMBAI: Funds, promoters and operators have continued massive offloading in stocks, calming the overbought position and bullish excess in long-running Indian stock markets. The trend of emptying stocks in small, mid-cap, cash stocks continued in the last hour of trading, showing gains in the opening hours of daily trading. Concerns over the third wave of Corona transition and the recent announcement of a massive stimulus package by Finance Minister Nirmala Sitharaman for the affected sectors continue to offload the stock market as speculators, players and funds continue to be offloaded on the economic front in anticipation of deteriorating conditions. On the international front, rising crude oil prices and new record highs at home, petrol and diesel prices, the unbearable rise in inflation, but also worries that the negative factor will be a negative factor eased trading in fund stocks. The rise in funds in IT-software services stocks showed an initial ind

(Gujarat News Correspondent) MUMBAI: Finance Minister Nirmala Sitaram yesterday unveiled a Rs 1.16 lakh crore loan guarantee scheme-package for areas affected by the Corona epidemic and instead of a positive impact on Indian stock markets, including healthcare. Continued. Funds eased the overbought position in stocks as new variants, including Corona's Delta Plus, now face third-wave concerns and the possibility of India facing major challenges in the coming days due to new variants, including efforts to speed up the vaccination program. The funds today booked huge profit bookings in banking-finance stocks in view of the possibility of further increase in the number of loan defaulters in the coming days as a result of the mega stimulus package along with the central government's loan guarantee package. Along with this, the funds were selling profitably in automobile, metal-mining, oil-gas and consumer durables stocks. Of course the value-buying of funds in healthcare-pharmaceu

(Gujarat News Office) MUMBAI: Imported palm oil prices rose in the Mumbai oilseeds market today. World market news was encouraging. Demand for direct delivery of palm oil to refineries also increased today. In palm oil forward, about 500 to 600 tonnes were traded at Rs 115 per 10 kg for July 10 to 20 today, after which the price was quoted at Rs 1,150. According to market discussions, another refinery traded at Rs 115. However, the market was waiting for support for these indicators. Meanwhile, palm oil prices rose by Rs 1,150 to Rs 115 in the Mumbai spot market today, while crude palm oil CPO Kandla rose by Rs 105. In the futures market this evening, the CPO July price was Rs 5 to 6, up from Rs 1,015 to Rs 1,050, while the July futures price of soyoil was up Rs 12 to Rs 15 to Rs 150. In Malaysia, palm oil futures traded higher at 3, 20, 9 and 20 points higher in various deliveries in Malaysia today. Meanwhile, there was news that Indonesia had reduced the levy on palm oil exports.

(Gujarat News Office) MUMBAI: Gold prices rose again today in the Mumbai jewelery market, while silver prices remained soft after an initial rise. Gold prices in the world market were reported to be ૭૭૭ 15 to ૭૬૬ 16 an ounce, down from ૭૭૭ 12 to 12 an ounce. On the back of gold, global silver prices also fell by ૨૬ 6.15 an ounce to ૪ 2.15 an ounce today, falling below ૨૬ 8 an ounce to ૮૨ 4.5 to ૮૩ 7.5 an ounce. Gold and silver prices were under overall pressure in the jewelery market today as the import cost of precious metals fell and the domestic market fell. The sharp fall in gold prices in June was the biggest sign of a four-year slump in the world market. The sell-off in gold rose as the dollar index rose in global markets today. Meanwhile, in the Ahmedabad jewelery market, gold prices fell by Rs 200 per 10 grams to Rs 200 from Rs 4.50 and Rs 200 from Rs 4.50 today. In Ahmedabad, silver was trading at Rs 200 per kg. The price of platinum in the world market today fell from ૫ 1

(Commercial Representative) Mumbai: A number of important decisions were taken at a board meeting held today by the Securities and Exchange Board of India (SEBI), the regulatory body for capital markets. SEBI has approved a new framework for accredited investors in the Indian securities market. Independent directors have also approved related amendments. SEBI has approved the appointment / re-appointment or removal of independent directors through a special resolution for all listed companies. So that companies can do this with the approval of shareholders through a special resolution under the new rules. SEBI has also approved a proposal to introduce a framework for accredited investors in the Indian securities market. For such investors who are considered to be a class of investors who are well-informed or well-advised on investment products, SEBI today highlighted the benefits and key points of this framework at a board meeting. The definition of accredited investors varies from

MUMBAI: The country's stock markets are now at risk levels after rising sharply from their lows in March 2020, HSBC said at a conference on Asian Outlook for the last six months of 2021. It has maintained a neutral rating on Indian equities, but foreign direct investment (FDI) inflows are expected to pick up as the country's economy recovers. Any reduction in FDI would be temporary. The latest economic package announced by the Government of India is moderately positive. Given India's tight economic situation, the package is not a big deal. Given the pace of vaccination, the country should have herd immunity in the first six months of 203, said Frederick Neyman, co-head of Asian Economic Research at HSBC. Emerging markets have maintained a healthy flow in the last financial year as most of the central banks have maintained flexible monetary policy to revive the economy. In FY21, foreign institutional investors poured Rs 4.5 trillion into the Indian capital market, the h

MUMBAI: Free trade agreements with India's major trading partners such as the US, UK, Australia, New Zealand, etc. will not only boost India's exports but also help attract more foreign investment to the country, the Federation of Indian Export Organizations (FEO) said. . One of the reasons behind the huge increase in foreign investment in a small country like Vietnam is its Free Trade Agreements (FTAs) with some countries of the world. The Government of India is holding discussions with a number of countries together, which is a good thing and we are confident that industries will play a positive role in these negotiations. Shaktivel said. By the end of 2021, India is likely to start formal talks with the UK and European countries. India will also focus on resuming stalled trade talks with countries such as Australia and Canada. India's ડો 500 billion export target for the current financial year seems ambitious, but achieving it requires an aggressive marketing strate

Mumbai: The trend of Indians taking loans and using credit cards has increased. Half of the 200 million people working in India are credit active, meaning they have taken at least one loan or have a credit card, according to a report by the Credit Information Company (CIC). According to a report by Transunion Sibyl, credit institutions are rapidly approaching the saturation level of new customers as half of the holders are from the bank's existing customer base. The working population in India is estimated to be 50.04 crore in January 2021, while there are 200 crore people in the retail credit market who are credit active. The most important thing here is that the worries that the borrowers could not get out of the trap of the lenders who could not be controlled are now over and they are now trying to get money from elsewhere. Over the past decade, banks and lenders have given more priority to retail loans than to corporate loans, but there have been concerns about stability in

MUMBAI: An additional સ્ 4 billion guarantee scheme announced by Finance Minister Nirmala Sitaram to provide relief to small and medium enterprises and the tourism sector affected by the Corona epidemic is not enough to boost the country's economic growth, analysts said. There is a perception that the new package will provide temporary relief and is not enough to accelerate economic growth. As per the announcement made yesterday, a loan guarantee of Rs 1.10 trillion will be provided to health, tourism and small business houses. The government has increased the previous loan guarantee scheme from Rs 4 trillion to Rs 2.50 trillion. In developed countries where relief packages are being provided to individuals, the government in India is investing more in the infrastructure sector and providing guarantees on bank loans. Most of the relief is in the form of loan guarantees and not direct financial relief, said one analyst. Every stimulus so far is lower than required. The new meas

New Delhi: Following various adversities, Rs. 150 crore or more costing Rs. An increase of Rs 2.5 lakh crore, the government said in a report. According to a May 2021 report released by the Ministry of Statistics and Program Implements overseeing the infra project, the cost behind six of the 12 projects has increased. While 3 projects are running late from its scheduled time. The original cost behind these 12 projects is Rs. 2,3,8.13 crore. But now it has risen to Rs. It is estimated to be Rs 2,8,50.5 crore. Thus, the cost behind this project is Rs. 2,50,8.5 crore or an increase of 12.5 per cent. Till May 2021, Rs. 14,50,8.5 crore has been spent. Which is 4.5 per cent of the total estimate. The report does not say when the three projects started. ૫૨૫ Projects are running late. There are delays of one to 12 months in 100 projects, 18 to 6 months in 12 projects, 8 to 20 months in 12 projects and 21 months or more in 115 projects. Other reasons are responsible.

MUMBAI: Loan disbursements through non-banking finance companies and housing finance companies are expected to fall by 20-30 per cent in the first quarter of the current financial year. The impact of lockdowns imposed by various states due to the second wave of Corona has also been seen on the credit trade. However, a healthy recovery in the lending business is expected in the latter part of the current financial year, according to a report by ICRA. The asset under management (AUM) of this segment is expected to grow by 3 to 4 per cent in 206 as compared to FY 2021. The financial year 2021 saw a four per cent increase in AUM. Due to pressure on asset quality, non-performing assets (NPAs) are likely to increase by half to one per cent, according to a statement from ICRA. The amount of right off will also be high. Demand for restructuring will increase in the current financial year due to the lack of loan moratorium and long-term stress in operations. In the financial year 2021, the

New Delhi: High edible oil prices during the international oil year 2020-21 (November-October) on the one hand, consumption of edible oils on the other hand, increased consumption of domestic edible oils on the other hand has increased the burden on the exchequer. Consumption of edible oils has increased in the country and its imports have increased. On the other hand, due to high prices in the global market, the import bill has gone up to Rs. 1.5 lakh crore is expected. Which during the last oil year was Rs. 5,000 crore. In the current year, Rs. 5000 crore import tax was levied. Imports of all edible oils, including palm, soybean and sunflower, are estimated at around 12.1 million tonnes during the current oil year. Such imports reached an all-time high of 12.1 million tonnes in the 2016-17 oil year. India's edible oil imports have steadily increased after 15-2. 1.4 million tonnes were imported in 18-2. Which was 3 million tonnes till 2007-08. However, with the increase in the

(Gujarat News Office) MUMBAI: Gold prices rose again in the Mumbai jewelery market today, while silver prices continued to decline. Gold prices remained soft in world markets today. Gold prices remained soft in world markets today. Gold prices in the world market fell from ૭૮ 161 to ૭૮૨ 16 an ounce to ૭૭૭ 16 to ૭૭૮ 12 an ounce. There was talk in the market today of selling funds in gold in the rising world market after the global dollar index fell. However, despite a slowdown in gold, global silver prices rose by લર 2.10 an ounce to ૧ 2.11 an ounce and traded at ૩ 2.15 an ounce today. However, with the global rupee depreciating by 0.07 per cent this evening, the improvement in silver prices was limited, world market analysts said. Despite strong global markets, domestic prices remained under pressure today due to lack of new demand for silver. In the Ahmedabad market, silver fell by Rs 200 per kg to Rs 200 per kg today. However, Ahmedabad gold prices were hovering at Rs 900 per 10 g

(Gujarat News Office) Mumbai: In the Mumbai currency market, the dollar closed lower today on the back of a two-way exchange rate against the rupee. After opening at Rs 4.5 against the dollar at Rs 4.51 this morning, the price rose to a high of Rs 4.5, then fell to a low of Rs 3.15 and finally closed at Rs 3.15. The dollar had lost two paise against the rupee today. Despite the downtrend in the stock market today, the rupee remained strong in the currency market instead of depreciating, market sources said. Meanwhile, the global dollar index against various major currencies in the global market, which is 41.9, was at a high of 51.8 and a low of 31.50 to 61.8. The dollar index remained at minus 0.08 per cent in the global market today, which had an impact on the dollar in the Mumbai currency market today. Meanwhile, the Chinese currency, the yuan, remained weak against the dollar in global markets today. The People's Bank of China received news of increased liquidity by pouring

(Gujarat News Office) MUMBAI: Cingulum oil prices fell further in the Mumbai oilseeds market today. The news of the establishments was showing softness. In the Mumbai market today, the price of 10 kg of cingulum oil fell below Rs 1,200 and was quoted at Rs 150. Producers today said that the price of cingulum oil fell further to Rs 1,200 to Rs 12 per kg, while the price of 15 kg fell to Rs 3,100 to Rs 3,150 per kg. Prices of cotton washed fell from Rs 1,310 to Rs 1,415 to Rs 1,200 today. Today, it was Rs 150 to Rs 1,200. In the Mumbai spot market, the price of cottonseed oil was Rs. Meanwhile, imported palm oil was hovering around Rs 115 in the Mumbai market today while crude palm oil CPO Kandla was trading at Rs 1,050. Palm oil had sporadic trade in hawala-resale today. The spot price of soyoil today was Rs 12, but it was higher at Rs 150. While the refined price was Rs 120. The price of sunflower was Rs.150 and the price of refined was Rs.150. Mustard was priced at Rs 120 and refi

(Gujarat News Correspondent) MUMBAI: Amid concerns over the third wave after the completion of the second wave of Corona transition and the re-imposition of lockdown restrictions as cases escalate, fund-makers in stocks today booked index-based profit. The market did not see much of an impact today on the good progress of the monsoon and the positive factors announced by Finance Minister Nirmala Sitaram in the current market incentives, including a Rs 1.1 lakh crore loan guarantee scheme for the eight Koro-affected areas. The Credit Line Emergency Credit Line Guarantee Scheme (ECLGS) given to the Finance Minister as part of the Self-Reliant India Package has been extended to an additional Rs 1.5 lakh crore. In addition, 11,000 registered tourist guides will be provided financial assistance to Travel and Tourism Stakeholders (TTS), including loans of up to Rs 10 lakh to TTS and loans of up to Rs 1 lakh to licensed tourist guides. Healthcare stocks, metal-mining, FMCG, banking frontline

New Delhi, 28 June 2021 Monday The central government on Monday announced another economic package to boost economic activities in the country. The term of the Self-Reliant India Scheme has been extended till 2022. Under this scheme, 24 per cent EPF contribution of low paid employees will be credited by the government. Under this scheme, the Government of India provided subsidy for two years in relation to new employees joining on October 1, 2020 and then till June 30, 2021. Now, the benefit of this scheme can be availed till March 31, 2022. This benefit will be available to employees with a monthly salary of less than Rs. If there is no number they will get. Indeed, the objective of the Self-Reliant India Scheme is to promote employment in the organized sector of the country and to create new employment opportunities during the Koro epidemic.

(Gujarat News Correspondent) MUMBAI: The country was rapidly unlocking after the completion of the second wave of Corona transition, with Indian stock markets also booming in the coming days amid a resurgence of economic activity amid cautious maneuvers in the wake of the third wave of worries and vigilance. May occur in the correction zone. Despite the overall good progress of the monsoon against the rising risk factor of inflation, the funds have eased their bullish trade by hitting a record high in the last week. With the end of the long-awaited bullishness beginning last week, the boom in stocks of companies without tailed fundamentals has begun to subside. By managing the index while keeping the Sensex-Nifty high, funds, players, large investors are easing the overbought position with profit booking in small, mid cap stocks. It is also clear that the funds have started shifting portfolios. So in the coming days, it is possible that a major correction may be seen following the exi

(Gujarat News Office) MUMBAI: The bullion market in the Mumbai jewelery market was officially closed today due to Saturday. However, gold and silver prices declined on the back of global markets, market sources said. Gold prices fell sharply to ૭૭૮ 12-13 an ounce after hitting ૭૮૮ 12-13 an ounce in the world market last week. Global silver prices rose from ૨૬ 6/7 to ૨૬ 7 / - to ૨૬ 7 / - to ૨૬ 6/7 / - to ૨૬ 6/7 / - / ounce, then from ડી 5 / ૬ to ૨૬ 5 / ૭ / / / / / / / / / / / / /. The data, which signaled a rise in inflation in the US, was accompanied by news that the market had fallen short of expectations, leading to a slowdown in global markets and a slowdown in new fund buying. In Ahmedabad jewelery market, silver prices rose by Rs 500 to Rs 30,000 per kg today. In the Mumbai jewelery market, gold excluding GST was at Rs 800 per 10 grams at Rs 800 in 2013, while the price of 7.50 per gram was Rs 4,000 at Rs 305, while the price with GST was three per cent higher. Meanwhile, Mumb

(Commercial Representative) MUMBAI: The Securities and Exchange Board of India (SEBI), the regulator of the capital market, has issued guidelines for calculating mandatory liquid holdings in debt mutual funds. In November 2020, SEBI had said that debt mutual funds would have to invest at least 10 per cent of their assets in liquid papers such as cash, treasury bills, government securities (G-Sec) and repurchase agreements or repo. According to SEBI, Macaulay will not have to exclude the liquidity stake in the calculation of the limit on duration, riskometer, and the issuer will have to exclude the mandatory liquid stake for asset allocation rules in addition to group and sector exposure. For example, corporate bond funds are required to invest 50% of their assets in debt with double A plus and higher ratings. According to SEBI, this accounts for 40 per cent of the non-liquid portion of the portfolio, resulting in 3 per cent of the overall portfolio. SEBI has also appointed a committ

(Commercial Representative) MUMBAI: The Securities and Exchange Board of India (Sebi) has suggested a new framework to facilitate delisting of listed companies after an open offer as part of efforts to facilitate mergers and acquisitions for listed companies. The upfront disclosure of the target company's intention to delist the company at the time of open offer by the acquirer-acquirer is one of the major proposals, which aims to balance the interests of all investors in the process. In the discussion letter, SEBI said that the proposed framework should be available only in case of open offers under the takeover regulations with the intention of taking control of the target company in whole or in part by the new acquirer. The recommendations made by the sub-group mainly deal with delisting upfront, delisting price and takeover price, approval of shareholders and stock markets and disclosure of intent to attempt delisting after open offer. If the acquirer has to make an open off

MUMBAI: A fall in international sugar prices by about ડો 60 a tonne is likely to affect India's sugar exports. The last two months have seen the first decline in international prices. Refined sugar prices in the international market, which were quoted at ૪૬૭ 4 per tonne a fortnight ago, have come down to around ૪૨૩ 4 this weekend. Drought conditions in Brazil were previously expected to reduce sugar production. Sugar prices have risen in the recent past in view of the impact on production in Brazil and the expectation of increased demand for ethanol internationally. In Brazil, the sugarcane crop was initially expected to be damaged, but the rains in the early weeks of June saved the crop, local sources said. The government of India had recently announced a reduction in the subsidy on sugar exports. The government has recently reduced the export subsidy from Rs 2,000 per tonne to Rs 2,000. However, sugar exports from the country were expected to be encouraging. At the end of th

(Gujarat News Office) MUMBAI: Prices of various imported edible oils declined in the Mumbai Oilseeds market today. World market news was softening. Among domestic edible oils, groundnut oil and mustard prices remained subdued while cottonseed oil prices fell again. Meanwhile, soybean oil prices rose sharply in the US agricultural markets after falling sharply in overnight trade, falling 50 points to a bearish circuit. However, after that the price demand increased and Chella was showing a decrease of 3 points. There was a fall in soyoil prices. There were reports of soybean and soymeal prices in the overnight trade, however, as soyoil prices plummeted. Soymeal prices rose by 120 points. Behind the world market, prices of various imported edible oils saw a rebound today. There was a new demand in the market today and trades were scattered. In the Mumbai spot market, the price of 10 kg of imported palm oil today fell from Rs 1,150 to Rs 115, while the price of crude palm oil CPO Kandl

MUMBAI: Despite the Corona epidemic, the country has seen significant growth in the formation of new companies. In the last financial year, 12 new companies were formed in the country, which is 3 per cent more than the 10,608 new companies set up in the financial year 2015-16. The Corona period did not have a significant impact on agriculture and allied activities in the country. Due to this fact, the number of new companies formed in these sectors has increased. Especially in view of the immense difficulties faced by the health sector during the Corona period, today's youth have now started a business to fight against diseases like Corona by starting a business for all the necessities of health, pharma and emergency. Apart from this, interest in agriculture and allied fields has also increased during the Corona period. A total of 1,04,09 new companies were formed in FY2017-20, despite the Corona period, where businesses were closed for more than 100 days. The year of the Coron

- Oil prices have risen 30 times since May 1 New delhi date. Saturday, June 26, 2021 Petrol-diesel prices in the Indian domestic market remained stable on Friday and then rose again on Saturday. Oil companies on Saturday (June 26) sharply increased petrol-diesel prices. In Delhi, both petrol and diesel prices have gone up by 35-35 paise per liter. With this price hike, petrol price in the capital on Saturday reached Rs 98.11 per liter and diesel is also being sold at Rs 88.65 per liter. In Mumbai, petrol price crossed Rs 100 for the first time on May 29 and on Saturday it went up to Rs 104.22 per liter and diesel to Rs 96.16 per liter. In Chennai, petrol is priced at Rs 99.18 per liter and diesel at Rs 93.22 per liter. In Kolkata, petrol is being sold at Rs 97.99 and diesel at Rs 91.49 per liter. Petrol price has gone up by Rs 7.71 in 30 days Petrol has crossed Rs 100 per liter in nine states and union territories. In the metro cities of Mumbai, Hyderabad and Bengaluru, petrol is

(Gujarat News Correspondent) MUMBAI: Exports of metals, including steel, are being tightened in a global exercise to control inflation on the last day of the week, according to a report on Russia's consideration of duty on exports of steel, aluminum and copper. Mining stocks led the Sensex, Nifty based uninterrupted rally. In the metal-mining sector, the Adani Group's discovery of coal in an Australian mining unit project also boosted funds amid a positive impact. The plan, announced by Reliance Industries yesterday at the AGM to invest Rs 3,000 crore in the clean NGO sector in three years, saw a negative impact today instead of a positive one. So that the index-based boom was limited. With the rise in banking-finance stocks and the rise in value-buying in healthcare-pharmaceuticals stocks as well as power-capital goods, automobile stocks, the Sensex rose 3.04 points to close at 2.07 and the Nifty spot. Were living. Of course, in the wake of the Sensex, Nifty rally, funds, pla

(Gujarat News Office) MUMBAI: In the Mumbai oilseeds market, cingulum oil prices continued to decline behind the establishments today, while cottonseed oil prices saw a softening and the market reacted to a slow recovery. Meanwhile, the weather was mixed in various imported edible oils. In the Mumbai market, new demand was on the rise today and in imported palm oil, hawala resell traded at just Rs 115 per 10 kg, market sources said. Meanwhile, world market news was encouraging today. In Malaysia, palm oil futures rose to close at 100, 108 and 9 points plus in various deliveries, while soybean oil prices in the US agricultural markets were projected to be 111 to 115 points higher in the projection this evening. Meanwhile, in the Mumbai spot market, the price of 10 kg of cingulum oil fell further from Rs 1,215 to Rs 150 to Rs 1,700 today, while the price of cingulum oil fell from Rs 15 to Rs 1,200 to Rs 150 and the price of 15 kg fell from Rs 200 to Rs 50 to Rs 4,150. There were repor