Market and Business News

- Bullion Bits ઃ Dinesh Parekh - According to experts, by the end of this year, the price of gold in the world market is likely to exceed 200 an ounce. News of the end of the war between Russia and Ukraine in the international market sent gold prices plummeting to ૪૫ 20-2 an ounce on Tuesday, with New York's Comex market quoting ૮૯૩ 15 an ounce, after which the price continued to hover around ૯૩૬ 15 an ounce. It bounced back from ૯૪૯ 15 to 120, and finally to ૯૨ 151 to 15. Everyone started buying gold in the hope that the US job data would improve the financial situation. In addition to the importance of store value hidden in gold, increased demand for gold began to buy gold at lower prices. The fight has had a serious impact on the gold jewelry trade, with reports from Dubai saying that the Dubai gold market has seen a decline in consumer mobility and a decline in jewelry sales. Money can be made by buying. Orders from gold jewelry exporters began to be canceled during the wa...

- Central banks in South Korea, the United Kingdom, South Africa and the US raise interest rates after the epidemic Global central banks have raised interest rates from low levels during the epidemic period. Russia has also had to raise interest rates amid geopolitical tensions. It now has an interest rate of 20 per cent, which is 17.5 per cent higher than the epidemic. The central banks of many countries are taking such action. In Brazil, interest rates are now at 11.5 per cent and are now 2.8 per cent higher than their lowest level during the worst of the epidemic. The central banks had earlier cut interest rates in the early stages of the Covid-12 crisis to support the economy. Now it is being decided to increase the rates to normalize the rates as well as to control inflation. Other countries where central banks have raised interest rates include South Korea, the United Kingdom, South Africa and the US. The main interest rates for these regions vary from 0.5 per cent (Euro are...

- People-oriented guidance: H.S. Patel IAS (Retd.) Financial Institutions - In which loans / loans given by recognized banks, co-operative banks etc. have a provision to take securities in a proper manner and accordingly encumbrances are made on the respective property / assets and such encumbrance is related to the revenue records - After being noted in the title deed, it is recorded in the second right of the sample no. 2 as well as in the property register. State Government Institutions / Banks etc. have a recovery mechanism and if no recovery is made after the efforts, the property concerned is auctioned off. SARFESI ACT 2006 was introduced by the Central Government as part of recovery for bank lending. (Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act) which is described in this article is from Madhya Pradesh and in that case the process of auctioning the foreclosed property is in case of non-recovery despite the efforts of the conce...

- Commodity Current: Jayavadan Gandhi Agricultural markets, which were closed last week due to the March ending, reopened on Monday and the revenue of goods started booming again. The highest income of agricultural products is April-May. Prices of most of the agricultural commodities in the current season are bullish, which is giving farmers a huge gain in income over last year. Markets for most commodities, including cereals, oilseeds and spices, are higher than support prices. Demand for wheat and rice in particular is on the rise in India, while India's policy of trading in rupees instead of dollars in global trade, especially in Asian countries, has strengthened the Indian currency. Wheat exports are expected to increase three and a half to four times due to government incentives. Which is estimated to reach one crore metric tons. Wheat exports are gaining momentum as the government has relaxed many things, including licenses, which are included in the free category as per th...

Over the years, foreign banks have shown a tendency to limit their business in India. While most of these institutions have maintained their reach in the institutional and investment banking sector, they have stayed away from retail banking. Citigroup recently sold its retail business to Axis Bank in a cash deal. The deal was worth about ૬ 1.5 billion. In the past, FirstRand UBS, Barclays, BNP Paribas, HSBC and RBS have limited or stopped their retail business. This is due to the complex compliance requirements of the Reserve Bank of India and the competitive nature of the retail banking sector. There is no doubt that there is a large middle class in the country which is very much interested in financial planning. In addition, there is a new class of highly competitive local banks and non-backing financial companies and fintech companies in India who are eager to serve in this field. Foreign banks are not able to compete with local banks in terms of business size and are reluctant to ...

- Chart Hint: Ashok Trivedi The BSE Index (Closed 3.2 on 01-09-2) is in favor of a reactionary correction from the bottom of 20.8. At present the average for 15 days is 4.5 and for 8 days it is 310.30 and for 200 days it is 313.50. The daily MACD is pro-reform. The weekly MACD is pro-softening. Displays neutral position from overboat on daily and weekly basis as well as overboat on monthly basis. If you jump 20, 20200 on the top 6, the possibility is up to 205, 20200. The bottom is considered to be 200 support below 50. The market can make a market top around Wednesday-Thursday. Godrej CP (closing price of Rs. 4.00 dated 01-07-8) is in favor of reactionary correction from the bottom of 8.10. At present, the average for 15 days is 215 and for 8 days it is 4.5 and for 200 days it is 4.5. The daily MACD is pro-reform. The weekly MACD is pro-softening. Overbought on a daily basis, towards neutral on a weekly basis as well as an oversold position on a monthly basis. If 4 jumps on top of ...

- Antenna: Vivek Mehta - Demand for cotton yarn and fabrics and garments breaks in international market after cotton prices rise Cotton prices have skyrocketed in the international market. Foreign speculators and companies are booming in the Indian cotton and textile market through the MCX exchange. Arun Dalal of Cotton Market says Life has never seen such high cotton prices. The price of cotton has gone up to a level never reached in the history of 5-30 years. The start of the Rooney season was priced between Rs 2,000 and Rs 50,000. Today, Rs. 2000 to 30,000. The price of cotton candy (5 kg) is Rs. 3000 quotes are being done. Price quotes are believed to be sitting on cotton stocks. Speculators want the price of cotton to be Rs. 1 lakh. New York futures have reached 181 cents. Prices have risen due to speculation rather than demand. International hedging funds have speculated. So prices have skyrocketed. The cotton crop is low, but not so low that prices go up. Therefore, the texti...

- New concept of rating system for transport by rail instead of road transport Indian Railways is bringing the concept of rating system. This will give 'Rail Green Points' to those companies which prefer railways over road transport for freight. Road transport emits four times more carbon. Sources in the Railway Ministry said that freighters should know how much carbon emissions they have saved by opting for rail transport instead of roads. Carbon savings will be estimated per tonne and consumers will be given rail green points. The Rail Green Point account of each freight customer will be maintained in the Freight Operations Information System. Although Indian Railways will not offer any financial benefits in return for these green points, it is hoped that it will be able to persuade companies to stay away from road transport. Companies can display this rating in their communications and annual reports. The Energy and Resources Institute has been tasked with developing an...

- Antenna: Vivek Mehta - Whether the sales shown in e-way bill are reflected in GSTR-2 insurance or not should also be carefully compared. The scandal of bogus billing and taking input tax credit in goods and services tax does not leave the government in the lurch. The collusion of some officials is equally responsible. The officials are the ones who are making huge sums of money by giving scams to people like their folders. The government is facing billions in this. Even the bigwigs of the Goods and Services Tax are not unaware of this fact. They also cannot replace responsible officials under the influence of wealthy corporates. Politicians are also becoming the hands of corporates in this matter. As a result, the bogus billing scandal does not stop. It has come out a year and a half ago that all the officials of Bhavnagar GST office in Gujarat were involved in it. The government is satisfied with their transfer and suspension of the two. But the bogus billing activity that starte...

- Industrial Guidance: Dhiru Parekh Detailed information about candle production The lamp, the symbol of light, has become popular with the changing times. In each case, they have seized it, despite obstacles we can scarcely imagine. " Diwali is the festival of giving light to darkness and welcoming light. In life, light and darkness go hand in hand. But man has to leave the shadow and move on to the path of light. That light is bliss. Candles are used not only on the light festival Diwali but also during formal and informal nights. Candles are at the forefront of every such ritual, such as birthday parties, weddings, wedding ceremonies, in different worships, in the absence of electricity, in the temple of the Christians, in the eleventh of the Parsis. The importance of the lamp is no longer limited to the Diwali festival but the lamp has become an integral part of human life. Light is not only light but also knowledge, progress, savior of darkness from the time of gods and ...