Market and Business News

New delhi date. 23. September 2019 Monday The stock market has remained unchanged following the announcement that the government has given big relief in corporate tax. The Sensex gained 909 points with the market opening on Monday. The Nifty was up 276 points. The Sensex then hit a historic high of 39346 points, with a gain of 1331 points. The stock market has been seeing a boom since Friday. Today, emerging markets have witnessed a boom in stocks of Britannia, ITC, IndusInd Bank and L&T. However, the rupee had lost 10 paise against the dollar. The rupee opened at Rs 71.04 today.

(Gujarat News Representative) Mumbai, Ta. September 21, 2019, Saturday Modi government-finance minister Nirmala Sitharaman's team to revive India's economy on the path of rapid economic development, revised the central budget presented on July 3, rectified its own mistakes and stepped up to degenerate. -Attribute the assembly package in Maharashtra and Haryana while giving financial package Wanna have a day prior to the unexpected reduction in corporate tax, corporate India on Friday and stock investors, funds commendable action by installing an unexpected lottery surcharge on capital gains, stock buyback relief tax rollbacks. GST meeting on Friday last Friday, after taking steps to improve market sentiment by giving an export package of Rs 1.5 crore to Indian businesses and exporters in the wake of the trade war between the US and China over the global economic challenges. Diwali blasts of corporate tax cuts by holding a press conference in the current market Ine mandivalaon

New delhi date. September 21, 2019, Saturday The current year's monsoon is making the situation better for ravi crops due to the prolonged and withdrawal delays. Given the high moisture content and abundant availability of water, the cultivation of ravi crops will also be high, in which case the demand for fertilizer is also increasing. The agriculture ministry estimates the demand for fertilizers to be as high as seven per cent in the coming ravi season as compared to last rabi season. The demand for urea is estimated to be around 8 million tonnes in the next rabi season as compared to last year's 8.5 million tonnes of urea. In addition, the demand for other fertilizers can be high. Production of kharif and ravi crops is expected to remain high as the current monsoon is expected to be higher. Demand for compost was also slow due to the early monsoon delay in the kharif season of the current year. However, the demand for fertilizers and seeds was increased after the monsoon

New delhi date. September 21, 2019, Saturday The Steel Import Monitoring System was launched to provide advance information on steel imports to the government and stakeholders. The system was introduced in the style of US Steel Import Monitoring and Analysis System. According to Ikra's report, the domestic steel consumption growth will be around 3-5% as compared to 5.7% of fiscal year 1, following an unprecedented slowdown in economic activity, with GDP reflecting a decline of 5% in the first quarter of fiscal year 1. Thus, the strong cost of raw materials and the sharp fall in steel prices, according to the report, will likely weaken the profitability of producers in the second quarter. However, there seems to be some recovery in the third trimester of 1-2. According to Icra, demand for infrastructure costs is likely to increase in the second quarter of the year, in the second quarter. Industry operating trend will be challenging in FY'6. According to Icra's analysis

Mumbai, Ta. September 21, 2019, Saturday India's combined net profit and earnings from the top listed companies are showing a growth of 5.5 per cent due to the reduction in corporate taxes. This analysis is done on the basis of financial performance of these companies in Fiscal Year 1. Under the new tax regime, the tax liability of these companies is reduced by Rs 5 crore as compared to their fiscal year revenue. This combined savings has been seen for seven companies in the BSE, BSE midcap and small caps index, whose effective tax rate was more than 8.5 per cent last fiscal year, said one analyst. Due to the deduction in the tax rate, the combined net profit or earnings per share of the Nifty 4 Index companies has been increased by 5 per cent or Rs 1 crore. The calculation is based on the performance of the companies' financial year 1. The combined net profit of Nifty 4 companies in FY01 was Rs. 5 trillion. In fiscal year 1, these companies paid corporate income tax at ar

(Gujarat News Office) Mumbai, Ta. September 21, 2019, Saturday With no signs of an end to the trade war between the United States and China, gold prices in the world market spiked over the weekend, resulting in the closing price of these precious metals in the private market today. The local bullion market was closed for Saturday. There are indications that the trade war will be extended again, with the United States and Chinese government officials resolving a trade dispute soon after assuming talks and no decision is reached at the meeting. Chinese government representatives also shortened their visit to the United States. Following the event, the gold prices in the world market went up in the weekend, resulting in the price of gold in the local market today, which closed at Rs 5 per gram yesterday. The price of gold went up by Rs. 5 to Rs. With GST, prices were up three per cent higher. Silver was also lifted privately behind gold. Silver prices, which were yesterday hitting Rs

New delhi date. September 20, 2019, Friday With India's GDP falling to five per cent, the government is constantly taking steps to boost the economy. Out of which, today, the Modi government has announced an unprecedented reduction in corporate tax. Corporate tax has been reduced from 30 percent to 22 percent. The favorable impact of this announcement was seen in the stock market. The stock market today witnessed the biggest daily rise in the last ten years. The Sensex rose 1921 points (5.32 percent) to end at 38014 and the Nifty closed 569 points to 11274. The announcement was made before Prime Minister Modi left for the United States. According to sources, Trump is likely to announce investment in India in an interview with Prime Minister Modi, which will reduce corporate tax in India. India is likely to benefit from this war when a trade war is underway between China and the United States, and there is a debate in Delhi that Chinese investors are coming to India in an intern

In China, Indonesia and South Korea, the corporate tax rate is currently 25% (PTI) Panaji, Ta. September 20, 2019, Friday The government, which is facing six-year low economic growth and the highest unemployment rate for 45 years, has announced that corporate tax on companies will be reduced by 10 per cent to 25.17. At the same time, India's corporate tax has increased to the same as China and South Korea. Two-and-a-half months after presenting its first budget, Finance Minister Nirmala Sitaram today announced a reduction in corporate tax that would cost the government treasury Rs 1.45 lakh crore. This is the fourth economic incentive package announced by the government after the budget. At present, the companies were 30 percent corporate tax which has now been reduced to 22 percent. Corporate tax has been reduced from 25 percent to 15 percent for manufacturing companies beginning October 1, 2019 and before March 31, 2023. However, these new companies will get tax relief onl

(PTI) Panaji, Ta. September 20, 2019, Friday The GST council on Friday reduced the tax on caffeinated drinks by almost double to 40% and reduced the tariff on hotel room tariffs. After the meeting of the GST conference, Finance Minister Nirmala Sitharaman said that the GST on caffeinated beverages has been increased from 18% to 28% from the current one and it will also have to increase the 12% cess. GST gives big concession to hotels at Rs. GST will be zero for less than 1000 fares while Rs. 1,001 to Rs. 1200 GST will be applicable instead of the current 18% on the rent of 7,500. Likewise, the hotel is paying Rs. The current 28 per cent GST on rent of over 7,500 has been reduced to 18 per cent. The 37th meeting of the Highly Authorized GST Council was held at Panaji on Friday amid demand for a cut in GST rates from various industries. After the meeting, Nirmala told Sitaraman that the GST rate on the slide fastener was reduced from 18 percent to 12 percent. GST has been reduced fr

S (PTI) Panaji, Ta. ૨૦ The government, which is facing less than six-year august economic growth and a six-year high unemployment rate, has announced that the corporate tax on companies will be reduced by 5 per cent to 5.2. India's corporate tax has risen to the same level as China and South Korea. Two-and-a-half months after presenting its first budget, Finance Minister Nirmala Sitaram will be charged Rs 1.8 lakh crore on the government's treasury from today's announcement of a reduction in corporate tax. This is the fourth financial incentive package announced by the government after the budget. At present, companies had a corporate tax of 5 percent, which has now been reduced to 5 percent. Corporate tax for start-up manufacturing companies has been reduced from 1% to 2% after October 1, and before March 7. However, these new companies will get tax relief only on the condition that they do not get the benefit of any other incentive scheme like any other tax holiday.

(Gujarat News Representative) Mumbai, Ta. September 20, 2019, Friday Finance Minister Nirmala Sitharaman on July 9, 2013, in the central budget, investors in stocks took the market on the verge of collapse by making provision of offending foreign funds, correcting their mistakes on the basis of war, declaring one after another economic package-incentives. Investors cheer with giving 'Bhoj Ray Ray Sitaram ... Sitar In ... d 'stocks was to bring an amazing fast mischievous. As per the new provision in the Income Tax Act for Corporate India, the corporate tax has been reduced to only 5 percent for any non-exclusionary, incentive companies. The tax reduction and other measures announced an economic package of Rs 1.5 lakh crore and thereby attract foreign investment in the country. But now the tax burden on the multinationals will be reduced by creating a framework for massive foreign investment flows in the country today. Foreign funds were blocking the exit stocks rapidly bring

Mumbai, Ta. September 20, 2019, Friday There was a new demand in the Mumbai oil-seeds market today. The prices of various indigenous and imported edible oils were sluggish. World market news was also disappointing. At Malaysia, Palmet's futures fell 5 to 6 points last fall. While there, the prices of the palm product were quiet. Meanwhile, overnight news in the Chicago market in the US remained soft 5 points in soybean futures. While the soybean futures remained at 5 to 5 points plus the soybean futures remained at 5 to 5 points plus. New York Cotton futures overnight fell 5 points to 5 points. The news of the trade talks between China and the United States was about to resume in Washington. Meanwhile, in the Chicago projection this evening, soybean prices were up 4-5 points higher. In the spot market in Mumbai today, the price of 5 kg of hawala resale at Patala was Rs 5 and Rs 5 of the JNPT. There was new demand. The price of crude palm oil CPO Kandla was Rs. While CPO future

(Gujarat News Office) Mumbai, Ta. September 20, 2019, Friday Gold prices today went down in the Mumbai jewelery market. When silver prices went up. Meanwhile, the government had raised the rupee in the domestic currency market today, with the corporate market downgrading the corporate tax and then the stock market boom, and dollar prices were falling below Rs. As a result, gold imports fell. In the currency market, the dollar today closed at Rs. The dollar was down 5 paise today while the British pound fell 5 paise to 5.5 to 7.6. The euro prices today fell 5 paise to Rs. In the world market today, gold prices were trading at $ 1.8 per ounce and below the low of 5.7. In the Mumbai market, gold prices today closed at Rs 5, down from Rs 5 per 5 grams without GST. While the price of 5 was closed at Rs 6, it was closed at Rs. While the prices with GST were 5% higher than this price. Meanwhile, silver prices in the Mumbai market today closed at Rs 5 with the GST of 5 kg being closed at

Ahmedabad. September 20, 2019, Friday Today, the Finance Minister announced other financial concessions along with a reduction in corporate tax, with the stock market creating a boom in the bull market. Various indexes rose in the last 3 years, with significant uptick in stock from all sectors, with market sentiment rapidly improving as the government announced various concessions just like the budget today to counter the downturn in the economy and the stock market. The Nifty Midcap Index today marked the first big day in its history in this fast moving market. However, studious circles expressed the possibility that the government's move would put pressure on the fiscal deficit. The move will benefit the corporate sector but will also hurt the government treasury.

Ahmedabad. September 20, 2019, Friday In the mini-budget released today, two-and-a-half months after the introduction of the General Budget, the finance minister suddenly announced a mega booster dose to cope with the downturn in the corporate sector and the stock market. The finance minister had reduced the corporate tax for companies from 5 percent to 5 percent, and after responding to corporate and other advertisements touching the market, experts from the bank, corporate sector, presented their response. * The decision to reduce corporate tax will prove to be positive for the economy. However, financial stability has to be monitored simultaneously. - Governor, Reserve Bank * The bold step in the last 3 years for the corporate sector today is 'bold reform'. Following this step, there will be many concessions in the corporate sector. - Rajneesh Kumar, State Bank * With the reduction of the corporate tax rate, other financial concessions will improve the sentiment of th

Mumbai, Ta. September 20, 2019, Friday The Finance Minister's announcement to reduce the minimum alternative tax (MAT) will benefit companies providing IT-enabled services in Gift City. The MATE rate was reduced to 8% from 5%. Gift City, located in Gandhinagar, Gujarat, has been established as a Finance Special Economic Zone and is an international financial services center. Therefore, the matte rate applicable to financial services undertakings is nine percent, which is the concession rate. However, according to a Gift City official, up to 5 companies in Gift City providing IT and IT enabled services will be given major relief at Mate. Non-financial companies account for 7.5 percent of their mats. Thus, with the fall of the mats, GIFT City-based IT and IT enabled service providers will have to pay 5% of their mats. The bank and some new ventures have also been approved in the last two months, the official said General Chat Chat Lounge Gift City is waiting for a general direc

Mumbai, Ta. September 20, 2019, Friday A few more steps announced today as part of the reform measures launched by Finance Minister Nirmala Sitaram for the last one month to boost the country's economy will hit the country's treasury by Rs 1.5 lakh crore annually. In addition, the state treasury is expected to hit Rs. Thus, the total deficit is estimated to be Rs 1.5 lakh crore. It is not yet clear how this amount will be compensated, but due to these measures, the possibility of increasing fiscal pressure in the coming days is not ruled out. The adverse effects of the ongoing economic downturn around the world, including India, are being reflected in the country's income tax. The current fiscal year recovery of Goods and Services Tax (GST) has not been as expected and the revenue growth through direct taxes has been poor. In the first six months of the current financial year, advance tax collections have been high at 5%, compared to 5% in the same period last year. If

Ahmedabad. September 20, 2019, Friday Corporate growth has been reduced as part of a series of steps taken today by the government to boost demand and investments after the growth rate dropped to five percent at the end of the June quarter. The move has now made India's tax rate comparable to that of other Asian countries, and it will spur efforts to attract investment. Companies are looking to alternative countries to address the problems that arise in the supply chain caused by the US and China trade wars. The reduction in taxation has eliminated this problem of the corporate. The government has taken bold and proactive measures for the much-needed tax reform, which will attract investment and also help with capital expenditure on a private basis, said Jignesh Madhwani of Torin Wealth Management, adding that the reduction in corporate tax rates will make the tax net more comprehensive and the government revenue. Overall this step will increase the overall competitiveness of In

New delhi date. September 20, 2019, Friday Finance Minister Nirmala Sitharaman today reduced the corporate tax rate for companies from 30% to 22%. After that, the stock market saw a sharp uptrend. In terms of points, today is the biggest upside. The Sensex had gained 2110 points on May 18, 2009. Today, the Sensex rose more than 2200 points. The Sensex closed at 38014 points with a gain of 1921 points. Nifty Bank gained 8.31%. The Nifty 50 closed at 569 points today. Investors' wealth increased by Rs 7 lakh crore today due to the stock market boom. BSE's market cap increased by Rs 7 lakh crore due to today's market boom. In the last 10 years, the Sensex and the Nifty have been the biggest gainers in 1 day. Indeed, corporate tax cuts will increase the income of companies. He has to pay less tax. While the biggest gains have been recorded today in the Nifty Bank and Midcap Index. Today, most of the stock market shares are gaining momentum. At one point, the Sensex was br