Market and Business News

MUMBAI: The total number of claims received by general and health insurance companies in the current financial year so far is 1.50 times more than the number received in the financial year 2021. According to the General Insurance Council, as on August 8, 2013, general and health insurance companies have received 13.50 lakh claims covering a total of Rs 15 crore. Council sources claimed that 4 per cent of the claims received in the current financial year have been settled. Insurance companies have so far settled Rs 11.50 lakh in claims amounting to Rs 108 crore. In the financial year 2021, insurance companies received 8 claims with an amount of Rs 120 crore. Out of which 203 claims have been settled. Rs 3 crore has been paid for this settlement, according to the council's figures. Corona has so far received a total of 3 lakh claims from insurers out of which more than 20 lakh claims covering Rs 150 crore have been settled. While the massive number of Coro-related claims has ha...

MUMBAI: The BSE Sensex jumped to 7,000 today and the Nifty jumped to 12,000 on the back of favorable global reports. So far in the current calendar year, the Nifty has gained 21 per cent and the Sensex 15 per cent. According to market insiders, the easing of the US Federal Reserve's bond-buying program has had a positive effect on the market today. In addition, the market has gained momentum due to the growing number of retail investors and liquidity liquidity. Improvements in various figures affecting the economy, favorable corporate results as well as the softening of monetary policy by the Reserve Bank have supported the market rally. Thus, the market boom has continued to accelerate after the Corona epidemic behind various favorable factors. Following this favorable situation, today the Sensex jumped to the psychological level of 9000 and the Nifty jumped to the psychological level of 15000. However, amid bullish sentiment, high market valuations, slower economic growth and...

BEIJING: China's manufacturing sector activity slowed in August, while services sector contracted. Sanctions on corona and high raw material prices have put pressure on China's manufacturing sector activity. The official Purchasing Managers' Index (PMI) for China's manufacturing sector, which stood at 50.50 in July, fell to 30.10 in August, according to data from China's National Bureau of Statistics. A score above 50 points is called an extension of that area while a score below that is considered a contraction. In China, the pace of economic recovery has slowed as Corona raises its head again. Of concern for China is its sluggish service sector activity. China's service sector PMI slipped to below 50 in August. The services sector's PMI, which stood at 7.30 in July, fell sharply to 8.30 in August. In order to boost the country's economy, the People's Bank of China reduced the amount of cash held by banks as reserves in mid-July. Corona has aga...

MUMBAI: As the Ministry of Consumer Affairs is studying the views provided by stakeholders on each and every provision of the draft Consumer Protection (e-commerce) rules, members of the Confederation of All India Traders (CATE) have filed a lawsuit against major e-commerce companies from October 12. Hallaball has announced a nationwide campaign on e-commerce and will put pressure on the government to implement the new rules immediately. Some of the amendments, including irregular flash sales and mis-selling and appointment of Chief Compliance Officer, are covered in the draft Consumer Protection (E-Commerce) Rules 2020. The government had sought views on the draft by July 31. Opinions sought from stakeholders are currently under scrutiny, government sources said. However, the government has not announced when the new rules will be implemented. The e-commerce companies operating in India with foreign funds for the last three years have been violating the law and will launch a camp...

(Gujarat News Office) MUMBAI: The dollar fell further against the rupee in the Mumbai currency market today, falling at one point in the current intraday market. 8 had landed inside the surface. According to market sources, the rupee rebounded against the dollar to a three-month high on record highs in the stock market. The dollar index was also down against various major currencies in world markets today. And its impact was also felt in the Mumbai currency market today against the dollar. In the Mumbai market, the dollar today touched Rs. 6.5 in the morning Rs. 2.2 Open high price Rs. After 4.5, the market fell to Rs. 6.5 and last closed at Rs. 6.00. The dollar had lost 3 paise against the rupee today. The dollar had touched a 52-week low of Rs. Experts were also pointing out that if the dollar depreciates further, it is likely to fall to the bottom of the 52-week mark. Meanwhile, the dollar index in world markets fell to a two-week low. In the US, the market was now keeping an e...

(Gujarat News Office) MUMBAI: Gold and silver prices continued to decline in the Mumbai jewelery market today. With the rupee surging in the currency market and the dollar depreciating following the record rally in the stock market, the import cost of precious metals has come down. World market news was also showing a decline in rising prices and its impact was also seen on domestic gold-silver prices. Gold prices in the world market ranged from ૮ 1,315 to ૮ 1,215 an ounce to ૮ 1,210 to ૮ 1,211 an ounce from ૮ 1,215 to ૮ 1,215 an ounce. Behind gold, global silver also traded lower by 3.05 an ounce to ૪ 2.09 an ounce. In the domestic currency market, the dollar fell to Rs. 8 had landed at the bottom. In Ahmedabad jewelery market, gold price today touched Rs. 200 fell to Rs. 500 and Rs. 200 were spoken. The world market was now keeping an eye on the job growth figures to be released in the US. Meanwhile, in the United States, there are indications that the government will reduce bond...

Significant decline in palm oil exports from Malaysia (Gujarat News Office) MUMBAI: New demand in the Mumbai oilseeds market was slow today. Imported palm oil was traded in hawala-resale while refinery's direct delivery was traded at Rs 10 per kg. On the 17th, instructions were received for delivery of about 100 to 150 tonnes till September 15. Malaysia's palm oil markets were closed today. Meanwhile, prices of various domestic and imported edible oils were fluctuating narrowly in the Mumbai market today. In the US agricultural market, soyoil prices were in projection of 41 to 5 points in the projection this evening. Meanwhile, in the Mumbai spot market today, the price of 10 kg of cingulum oil is Rs. 1500 and cottonseed oil Rs. 1210 were speaking. While the price of mustard has gone up by Rs. 15 and Rs. 12 were speaking. Mustard seed futures market today price of Rs. 9 to 20 were raised. Soybean futures prices, however, saw narrow fluctuations today. After the government r...

Nifty 301 bounces to 1912, Sensex bounces 3 (Gujarat News Correspondent) MUMBAI: Corporate India's performance is expected to improve further in the coming days and good progress in the monsoon, with reports of industries and corporate India reviving in the country on the economic front and signs of continued liberalization by the Modi government to boost economic growth. Meanwhile, the funds today set a new record high of 5,000 in the Sensex and 15,000 in the Nifty. The stocks rose sharply for the second day in a row today as the US Federal Reserve did not give any new indication for tapping-control of stimulus on the international front along with national factors and crude oil prices continued to remain strong on the global front. IT-Software Services, Consumer Durables, Metal-Mining, Oil-Gas, Healthcare-Pharmaceuticals, Sensex 3000 And the Nifty spot closed at a new high of 1912.50, jumping 301.18 points at the end of the new history of 1912.50. The US dollar had lost 3 paise...

New Delhi, August 31, 2021, Tuesday The economy in India suffered a major setback during the Corona period. Now it is beginning to show signs of improvement. According to the GDP figures released by the government, India's GDP growth in the first quarter of FY20, i.e. from April 2021 to June 2021, has increased by 30.1 per cent. As per the information received, the GDP during the first quarter of 2021-22 was Rs 4.5 lakh crore, which is much higher than the previous year's figure of Rs 4.5 lakh in 2020-21. Last year, the GDP fell by 7.5 per cent. According to SBI's EcoRap research report, the economy is likely to see a current turnover of 21.5 per cent in the first quarter of this year. According to all government figures, the GDP growth rate is 20.1 per cent, which is close to the Reserve Bank's estimate. This rate of GDP indicates that the economy is getting stronger. Gross Domestic Product (GDP) is the total market value of goods and services produced in any countr...

Mumbai, Ta. Tuesday 31st August 2021 The Indian stock market opened at a record high this morning. The BSE Sensex opened 106 points higher at 56,995.15 today. At around 9.24 am, the Sensex jumped 235 points to 57,124.78, its record level so far. However later the market came to the red mark. The market continues to fluctuate. Similarly, the Nifty of National Stock Exchange (NSE) opened 16 points higher at 16,947.50. The Nifty rose 16 points to 16,995.55 in the morning. The IT index rose 1%. MMCG and pharma stocks also saw gains. IT stocks are seeing strong movement. The Nifty IT index hit a new high with a 13% jump in August. Shares of TCS, HCL TECH, L&T INFOTECH and COFORGE have reached ALL TIME HIGH. The Indian stock market was abuzz on Monday, the first day of the week. The BSE Sensex and NSE Nifty set a new record. The BSE Sensex opened 205 points higher at 565329.2 and around 3.18 pm, the Sensex rose 834 points to 56,958.27. Similarly, the Nifty of National Stock Exchang...

- For 100% discount on donations, Form-58 has to be filled and submitted. Apart from that, the registration number of the trust has to be given New delhi date. Monday, August 30, 2021 Many people have lost their livelihoods during the Corona epidemic. It is our moral responsibility to help those in need. Because of this anyone who pays tax can avail exemption on such contribution (donation). According to tax experts, donations are tax deductible under the Income Tax Act and these benefits are available under certain rules and regulations. This requires donations in a pre-determined form. You will also get a tax deduction if you have donated through an organization or company. According to him, donations need to be made financially. You cannot donate more than Rs 2,000 in cash. Donations in excess of this limit require a check or draft. Have to use networking or any other medium. Discount up to 100 percent Can be taken as 50% or 100% deduction of the amount contributed. A limit h...

(Gujarat News Correspondent) MUMBAI: With the second wave of Coro's transition being lethal, the number of positive cases is on the rise in some states, including Maharashtra, with the sudden outbreak of cases in Kerala amid the third wave of scandals. Is. With the progress of the monsoon slowing down, reports of drought in some states, including Gujarat, and concerns over inflation are still lingering, with the Sensex and Nifty setting new records in the Indian stock market amid negative factors of geopolitical tension over Afghanistan. In the wake of sustained sell-offs in foreign portfolio investors (FPIs) stocks, local funds, local institutional investors' net purchases in stocks have given the market a fresh start in the last few days. In which now the U.S. With no indication of a Federal Reserve retreat in stimulus on Friday and a positive factor in the central government's Rs 5 lakh crore asset monetization scheme and various projects in Uttar Pradesh, Gujarat prepa...

(Gujarat News Office) MUMBAI: Prices of various domestic and imported edible oils have been fluctuating in the Mumbai oilseeds market. New demand was slowing. However, market inflows are still strong and prices are likely to rise further, market sources said. In the Mumbai spot market, the price of cingulum oil was quoted at Rs 150 per 10 kg and around Rs 1,300 while the price of cottonseed oil was Rs 1,315. Mustard oil was priced at Rs 1,310 and refined at Rs 150. Producers had started raising the price of cingulum oil to Rs 1,200 from Rs 150 to Rs 15 today. While the price of 15 kg which went above Rs. Prices of cotton washed ranged from Rs 150 to Rs 18 at Rs 15 to Rs 120 on Friday. Meanwhile, the planting of various oilseeds in the country so far this year has been around 15-150 lakh hectares as against the indications of 15-16 lakh hectares in the same period last year. Meanwhile, the spot price in the Navi Mumbai groundnut market today was Rs. 200 remained. In the Mumbai spot ...

(Gujarat News Office) MUMBAI: The bullion market in the Mumbai jewelery market was officially closed today due to Saturday. However, the closed market saw a sharp rise in gold and silver prices behind the world market, market sources said. Imports have risen in the domestic market as prices have soared in the global market and this has led to indications of a significant rise in prices in the jewelery market ahead of the Janmashtami festival. Gold prices in the world market jumped from ૭૯૪ 15 to ૭૯૫ 15 an ounce to ૮ 1,200 an ounce. Behind gold, global silver also rose by ૫૯ 4.5 to ૬ 2.50 an ounce, crossing the ડો 8.00 mark and closing at ૬ 4.05 to ૨ 2.05 to ૩ 2.05. In the United States, the government currently buys about જ 150 billion worth of bonds every month through the Federal Reserve, and there were indications that such purchases would be further reduced, according to a report by the Federal Reserve chairman at the annual conference. As a result, global dollar prices rebounde...

- Even without export subsidy, 2 to 3 million tons of sugar is likely to be exported Mumbai: Sugar stocks have seen a significant rise in 2021. There are about 12 sugar stock lists on the BSE with a market cap of over Rs 200 crore, out of which six stocks have doubled their capital so far in 2021. The best performance has been seen in Dalmiya Bharat Sugar. The stock has risen nearly 200 per cent during the period. Apart from this, Triveni Engineering, Dwarikesh Sugar, Balrampur Sugar Mills, Awadh Sugar and Energy have seen higher returns. According to a research report by the industry, these industries will be able to export 3-4 million tonnes even in the 2021-202 sugar season without export subsidy. This time the price of sugar is higher than the cost of production for Indian sugar companies. As a result, the price of sugar will remain at Rs 2-3 per kg and by September 203, the country's inventory of sugar will be less than Rs 3 million. According to the report, the distiller...

MUMBAI: Mobile phone exports to India tripled to Rs 200 crore during the April-June quarter, signaling recovery and growth in the segment, the Indian Cellular and Electronics Association (ICEA) said. According to the association, mobile phone exports stood at Rs 1,200 crore in the same month last year, when the Corona virus epidemic swept the world. The mobile handset manufacturing industry has continued to grow to fulfill its vision of becoming the world's No. 1 manufacturing destination, the association said. With the support of the government's prudent policy and production leaked incentive (PLI) scheme to continue production even amid the second wave of the Corona epidemic, the industry has made significant progress in production and exports. The first quarter of the current financial year also saw a sharp increase of 100 per cent year-on-year in exports of electronic goods, surpassing Rs 40,000 crore. In the first quarter of the current financial year, mobile phone im...

New Delhi: Banks as well as NBFCs (non-banking finance) have seen a sharp rise in default cases of home loan EMIs (monthly installments paid to banks to repay loans) due to other sanctions, including lockdowns imposed by various states during the second phase of the Corona epidemic. Companies) have increased the auction of houses. Earlier, gold was auctioned on a large scale due to EMI default of gold loans. During the second phase of the epidemic, people's incomes were adversely affected and they failed to pay the EMIs of their home loans, which led to banks and NBFCs resorting to auctioning off their financially sound houses. The auction of houses was recently announced in newspapers by several banks including State Bank, Punjab National Bank, IOB. According to banking sources, Rs. The rate of home loan defaults worth less than Rs one crore is very high. It has a high proportion of affordable housing schemes, especially those purchased by the middle class. Rs. In the case of...

MUMBAI: The market valuation of listed companies has risen sharply on the back of a historic rally in the stock market during the Corona crisis. The number of companies with a market value of Rs 1 lakh crore or more in the country has increased from six to seven this year. Adani Enterprise, Dabur, Godrej Consumer and JSW are among the new companies to join the club with a market cap of Rs 1 lakh crore in 2021. All the companies of the previous year have retained their place in the Rs 1 lakh crore marketcap club. Market experts say that it is only natural that the market cap of Rs 1 lakh crore should expand due to continuous bullion in the market. Improvements in high frequency indicators, increase in participation of local institutional and small investors, as well as easy lending by the central banks of developed countries have led to renewed positivity in the local economic scenario. The participation of public sector companies in the Rs 1 lakh crore marketcap club has increased. ...

(Commercial Representative) MUMBAI: Brokers will now collect 100 per cent peak margin in the cash and derivatives segment from customers in the stock markets from September 1, 2021. It may be mentioned here that as per the circular issued by SEBI / Exchange, penalty provisions have been imposed from December 1, 2020 for reducing or not consolidating peak margin and NSE had decided to implement it in phases from the circular dated September 4, 2020. In pursuance of regulatory changes made by SEBI regarding collection and reporting of peak margins from customers in the cash and derivatives segment in the stock markets, the broking houses have informed the customers about 100% peak margin effective September 1, 2021. As per the provision of 100% peak margin effective from 1st September 2021 (1) The required peak margin will be debited from the customer's bank account on the trading day itself. Which will be released on the second day of trading or after adjusting the margin, if th...

(Gujarat News Correspondent) MUMBAI: With the sudden rise in Coro's transition and the outbreak of positive cases in Kerala, the number of cases in Maharashtra is also on the rise. Ignoring the negative factors, local funds, experts, players, high networth investors today started a new wave of gains in small, mid-cap, cash segment stocks, with the Sensex, Nifty-based gains pushing the market to new heights. International crude oil prices rose to બ્રે 1 a barrel in global markets today as China decided to sell 1.50 lakh tonnes of metal from its reserves in September, as well as the possibility of US stimulus measures for global economic recovery and rising global demand for fuel. ૦૧ .01 and Nymex crude remained close to ૪૫ 4.5. Global stock markets have been an overall sluggish trend with narrow fluctuations in the markets of Asian and European countries. Power-Capital Goods, Metal-Mining, Consumer Durables, Healthcare-Pharmaceuticals stocks, auto, banking, FMCG, oil-gas stocks on ...

(Gujarat News Office) MUMBAI: Singtel rose sharply in the Mumbai oilseeds market today. Official manufacturing booms were showing sharp gains. Manufacturing establishments saw prices rebound as the rains dragged on. Meanwhile, prices of various imported edible oils were softening as cingulum oil rose in the Mumbai market today. New demand was slow. World market indicators were showing a retreat. In the Mumbai spot market today, the price of 10 kg of cingulum oil is Rs. 150 to Rs. 150 while the price of cottonseed oil was Rs. 1510 and Rs. 120 remained. Producers today set the price of Sing oil at Rs. More than Rs. 1500 while the price of 15 kg was Rs. 40 to 50 bounced Rs. 20 to 30 were spoken. Prices of cotton washed at Rs. 15 to 18 Rs. There were news of 12 to 150. In the Mumbai spot market today, the price of imported palm oil is Rs. 120 and crude palm oil CPO Kandla at Rs. 1200 were spoken. Soyoil prices rise to Rs. 150 and Rs. 1500 lived. The price of sunflower is Rs. 150 and Rs....

(Gujarat News Office) MUMBAI: The dollar depreciated sharply against the rupee in early trade today. 8 had landed inside. The British pound and the European currency, the euro, also lost ground against the rupee today. The rupee was seen bouncing in the currency market as the stock market rebounded. However, the dollar index against various major currencies in the world market was showing a slow decline between the two-way fluctuations. In the Mumbai currency market, the dollar today touched Rs. Initially with Rs. 3.15 After opening, the highest price is Rs. After 8.30, the price fell sharply to Rs. 2.5 to Rs. The dollar was down 3 paise today. Unemployment claims have risen in the United States, but GDP figures have been weaker than expected. The dollar's global index was 4.05 against 4.05 today. The dollar index was down marginally by 0.08 per cent today. Meanwhile, the British pound and the euro fell in the Mumbai market today. The British pound traded at Rs. 106.05 crore a...

MUMBAI: Gold and silver prices fell again in the Mumbai jewelery market today after rising early. Crude oil prices rose in world markets today amid news that oil producers had halted production in the wake of a hurricane near the Gulf of Mexico. New York's main contract, light sweet crude for delivery in New York, rose 1.50 per cent to 1.8 per cent from ૭ 2.50 a barrel today. Brent crude rose 1.50 per cent to 1.8 per cent from ૭૨ 4.50 a barrel to 2.50 a barrel. However, as prices rose, indications came later that OPEC's crude-producing countries had decided to move ahead with plans to increase production. The Gulf of Mexico accounts for about 15 to 20 percent of all crude oil production in the United States. About 7% of US oil refining capacity is located in the Gulf Coast. Recently there was also a fire on a Mexican oil platform. Meanwhile, gold prices in the world market today rose by લર 15 to ૭૮૪ 12 an ounce from ૭૯૪ 16 to ૭૯૫ 16 an ounce, while global silver prices rose...

MUMBAI: The country's income tax department has issued notices to a large number of foreign portfolio investors (FPIs) in the last few days for filing defective returns. Hundreds of return notices have been issued under Section 12 (2) of the Income Tax Act for the previous assessment years. Investors have been asked to rectify the deficiencies and submit a balance sheet including profit and loss account but this is not required under the existing rules. This is because FPIs receive capital gains and dividend income in India and they do not run any business or engage in any commercial activity. He also has no permanent office in India. Experts described the situation as "unprecedented" and said defects in the new income tax portal could be the cause of the notice. A person with knowledge of the matter said that the FPI did not consider it a technical defect but they felt that the income tax department was investigating them. He added that he had faced difficulties in ...

New Delhi: The asset turnover ratio of Indian industry has come down to around 50 per cent in FY2021. This indicates that capacity utilization levels in all sectors may be further reduced. At the same time, it could raise questions about the companies' ability to expand to a new level. In FY2030, the ratio was 9 per cent and in FY2008, the record was 118 per cent. Experts expect the asset turnover ratio and capacity utility to improve in FY40. But he said companies would come forward for the area when the ratio is around 100 per cent. Dhananjay Sinha, managing director and chief strategist at JM Financial Institutional Equity, said the asset turnover ratio is considered an important indicator of capacity utilization in the industrial sector and the latest ratio shows that companies are not using their full potential in most sectors. In that they have less scope for expansion or new projects. "Companies will only invest capital when the ratio is close to 100 per cent and th...

New Delhi, 27 August 2021 Friday The Reserve Bank of India has been working on its digital currency for a long time. Governor Shaktikant Das said the RBI may launch a trial program for its digital currency by December 2021. Central banks around the world are working in this direction. The central banks of China, Europe and Britain are considering the possibilities of cryptocurrency for commercial and public use. The digital currency or cryptocurrency issued by any central bank is called CBDC (Central Bank Digital Currency). This currency will have full legal recognition. Experts say this will be the digital version of the current Fiat currency. Shaktikant Das said that we are very careful about CBDC as it is a completely new concept. Assessing the impact on the financial system The Reserve Bank is seriously considering various aspects of digital currency. First of all it should be safe in every way. Apart from this, it should not have any negative impact on the Indian financial sy...

(Gujarat News Correspondent) MUMBAI: The third wave of Corona transition has triggered a worrying situation with thousands of new cases in Kerala and the progress of the monsoon has slowed down. Following the recent turbulent rally in Indian stock markets, now the third wave of worries and risks of delay in recovery in the results of companies also showed the end of the August trend in derivatives in Indian stock markets today. Sensex, Nifty based funds managed small, mid-cap, cash segment stocks continued to sell heavily today. On the international front, Corona's transition was increasing in countries including the United States, and restrictions were being re-imposed, and in the case of Afghanistan, geopolitical tensions remained, and global stock markets remained vigilant. International crude oil prices rose to more than ૭૨ 5 a barrel on the back of rising fuel demand in the face of rising Corona cases in the United States. Consumer durables, power-capital goods, FMCG, oil-gas...

(Gujarat News Office) MUMBAI: In the Mumbai oilseeds market, cingulum oil prices rose today behind the scenes. Cottonseed oil was also gaining ground. Prices of various imported edible oils were also quoted. The manufacturing plants were waiting for the rains. Meanwhile, soybean and soymeal prices rebounded today. Amid the possibility of overseas imports rising as the government eases certain conditions for GM soymeal imports, soymeal prices in the Mumbai flour market today fell by an additional Rs 2,000 per tonne to around Rs 200. Soymeal prices fell by about Rs 6,000 in two days, market sources said. Soybean futures fell 4 per cent today and then fell nearly 6.5 per cent in the evening. In the Mumbai spot market today, the price of 10 kg of cingulum oil jumped to Rs 150 while the price of cottonseed oil rose to Rs 1,215. Mustard oil prices were quoted at Rs 1,610 and refined at Rs 150. Today, the price of cingulum oil rose by Rs 120 and Rs 30-40 per 15 kg, while that of cotton was...

(Gujarat News Office) MUMBAI: The dollar weakened against the rupee in early trade today. In the world market, however, there was news of a rise in the dollar index against various major currencies. The players were now keeping an eye on the Federal Reserve's annual conference in the United States on Friday. In the Mumbai currency market, the dollar opened at Rs 4.5 in the morning with a low of Rs 4.5 and closed at a low of Rs 2.15 and a high of Rs 4.5 to Rs 4.5. The dollar had lost three paise overall today. Meanwhile, in the global market, the dollar index, which had a range of 7.5, was at a low of Rs 4.31 today and a high of 6.5 to 7.5. The dollar index was up 0.05 per cent today. Meanwhile, in the futures market of currencies in the world market, there were reports that players in various Asian currencies have reduced their bearish positions. Meanwhile, in the Mumbai currency market, the British pound opened at Rs 101.15 with an opening price of Rs 101.81, then fell to a lo...

MUMBAI: Crude oil prices fell by about 1.5 per cent in global markets today. Amid fears of declining demand for crude due to the outbreak of delta virus in various countries of the world, the boom was seen today. New York's main contract, light sweet crude for delivery in New York, traded lower at ૪૭ 2.4 a barrel and Brent crude, which had touched a high of 8 to ૩૫ 4.5 to ૪ 2.50, fell to ૭ 61.8. Gold and silver prices continued to decline in the Mumbai jewelery market today. World market news was showing a retreat. Gold prices in the world market today fell from ૭૯૨ 15 to ૭૯૩ 16 an ounce to ૭૮૩ 16 to ૭૮૪ 12 an ounce. Silver also traded lower at ૫૭ 4.5 to ૫૮ 7.5 an ounce after hitting a high of ૮૬ 4.5 to ૮૭ 7.5 an ounce today. In the Ahmedabad jewelery market, gold prices fell by Rs 200 per 10 grams to Rs 200 and Rs 2.50 per 2.50 today. Ahmedabad silver price was Rs 300 per kg. Meanwhile, platinum prices were hitting ૯૯૩ 5 to ૯૯૪ 8 an ounce in world markets today. While the pric...

Mumbai: Very few borrowers have come forward for restructuring of loans under the Resolution Framework-3 framework provided by the Reserve Bank. Of the boroughs that have opted for restructuring, 9% are in Crisil's sub-investment grade rating range. This was seen in the ratings of about 200 companies conducted by Crisil. Four out of five sub-investment grade companies are in the B or lower rating category, indicating that only companies with poor credit quality are going into restructuring. In the event of a slowdown in recovery during Corona's proposed third wave, restrictions on economic activity may lead more companies to opt for restructuring, a rating agency report said. The picture will become clearer when the last date for restructuring application is September 30, 2021. In May this year, the Reserve Bank announced Resolution Framework-2 for MSMEs and personal loans of up to Rs 2 crore, which has come under strain due to Corona. However, in June, the limit was raise...

AHMEDABAD: More than half of the stocks in the BSE 500 index have retreated in August on the back of various adverse reports. According to analysts, the adverse conditions have been created due to the pressure on small-midcap stocks. According to market insiders, higher valuations of small-midcap stocks as well as other adverse reports, including Sebi's new margin rules, have led to a large-scale sell-off in the region's stocks, which has had a direct impact on stocks in the BSE 500 index. The BSE Midcap Index is down around 1 per cent and the Smallcap Index is down 3 per cent due to continued selling during the month. On the other hand, the Sensex has risen 3% during this period. These stocks rose sharply as a large number of new retail investors entered the market during the current year, taking on large-scale small-midcap stocks. According to experts, the number of new investors has doubled this year as compared to last year. Big players and institutional players are mo...

The rally in the Indian stock market is not in line with the growth rate of its economy MUMBAI: The index of Warren Buffett, the world's largest investor, has also given a red light to the Indian stock market. The valuation of the equity market in India is very high in the context of the index valuation indicator of the famous investor Warren Buffett. The boom in the Indian stock market is not in line with the growth rate of its economy as the Indian stock market is becoming a time bomb that could explode at any moment. That's what Buffett believes. Kohram was seen in the Indian stock market with the advent of the Koro epidemic. The country's stock market plunged amid fears of a recession following the country's downturn. However, from the lower levels, the Indian benchmark indices have seen a spectacular rally to date. Many market experts have expressed concern over this bullion that has been going on for the last one year. The market share and investment of retail...

(Gujarat News Correspondent) MUMBAI: Before the end of the August trend in derivatives tomorrow-Thursday, the funds today called for an index-based two-way rally and finally showed cautious stability. With the rapid decline in Corona transition in the country, the third wave of Corona is not going to be of much concern right now and industrial-economic activities are booming with unlocks across the country. With the reports of a slowdown and the possibility of drought in some states, including Gujarat, the funds today showed caution in the new bullish trade with the index-based surge. While funds in the small, mid-cap and cash segments maintained gains for the second day in a row today, a number of small, mid-cap stocks, funds, operators, players, high networth investors continued to accumulate profits in the last hour. With the market eye on Finance Minister Nirmala Sitharaman's meeting with bankers, the funds today eased their overbought position in banking-finance stocks. On th...

(Gujarat News Office) Mumbai: Prices of various imported edible oils rose in the Mumbai oilseeds market today. While peanut oil and cottonseed oil prices were hitting. However, the rise in mustard oil prices continued. Meanwhile, soybean futures were down 3 per cent today and the lower circuit was enforced. Bhavu Gabdi was quoted at Rs. There was talk of the government easing certain conditions for the import of gym soymeal in the country. Soybean and soymeal prices fell today. Meanwhile, the price of imported palm oil rose to Rs 150 per 10 kg. About 200 to 300 tonnes were traded in two days. Crude Palm Oil CPO Kandla was up by Rs 1,205. In the futures market, CPO prices rose by Rs 2.50 and soyoil by Rs 2.50. In the Mumbai spot market, soyoil prices were quoted at Rs 150 for digam and Rs 1,200 for refined, Rs 120 for sunflower and Rs 15 for refined mustard oil and Rs 1,600 for refined. The price of cingulum oil was Rs 15 and Rs 20 per 15 kg, respectively. While the prices of cotton...

(Gujarat News Office) MUMBAI: The rupee weakened against the dollar in early trade today. There was also news of a rise in the dollar index against various currencies in world markets. At home, there were indications of a decline after the stock market rose today and its impact was seen on the currency market. In the Mumbai currency market, the dollar opened at Rs 6.15 this morning, closing at Rs 4.15, a low of Rs 4.15 and a high of Rs 4.31 to Rs 4.5. The dollar rose five paise today. Meanwhile, the dollar index, which has a range of 6.5 per cent in global markets, was at a low of 7.5 today and a high of 6.05. The dollar index was up 0.08 per cent today. In global markets, the dollar index rebounded from a one-week low. Recently, the index rose to a nine-and-a-half-month high. Now the players' eyes were on the annual meeting of the Federal Reserve in the United States on Friday. Meanwhile, in the Mumbai currency market, the British pound opened at Rs 101.81 against the rupee to...

MUMBAI: The National Stock Exchange (NSE) has ordered its members, including stockbrokers, to stop selling digital gold from their platforms by September 10. The capital market regulator Sebi has issued the order after some members expressed concern over the provision of a platform for buying and selling digital gold. The Securities and Exchange Board of India (SEBI), in its letter dated August 4, informed the exchange that engaging in such activities was a violation of Securities Contracts (Regulation) Rules, 12. SCRR rules prohibit all its members from acting as any business principal or employee other than securities or commodity derivatives. The NSE has instructed its members to comply with the regulatory requirement at all times as per the order and not to engage in such activities. Members who are engaging in such activity will have to stop this activity within one month from the date of this circular. This circular has been issued on August 10. Meanwhile, some in the market...