Market and Business News

(Gujarat News Representative) Mumbai, Ta: 18 October 2019, Friday UK on the global front yesterday. China's GDP growth of trade war between US-China today fell to 3-year low of 5% in 3-year low despite global markets pushing global agreements ahead of a deal with the European Union for a Brexit deal. And Finance Minister Nirmala Sitaram to promote economic development C led incentives, measures will be clearly told today announced that Reliance Industries local-foreign funds in stocks All-round fast. Just before the results of the second quarter of Reliance Industries were announced this evening, the fund had crossed the Rs 1 lakh crore mark by aggressively buying shares in the market today, and Reliance became the country's first company to cross the mark. International crude oil prices today favored a modest correction, with Brent crude rising 8 cents to $ 8.25, and Naimax crude up 8 cents to close at $ 5. The US dollar was down two paise against the rupee at Rs. Sensex ros

(Gujarat News Office) Mumbai, Ta: 18 October 2019, Friday In Mumbai, jewelery market today remained soft due to rising prices. News of the world market was buoyant. Meanwhile, the domestic currency market today depreciated against the rupee. While the British pound and the euro were high. In the global market today, gold prices fell by $ 5 a barrel, or $ 8 in the evening. In the Mumbai currency market, the pound prices today closed at Rs 1.8, higher at Rs 1.8, higher at Rs 5 and lower at Rs 5, and finally closed at Rs 1.8. The dollar was trading at Rs 1.2 with the opening high of Rs 1.8 and the lower at Rs 5, the last close being 0.5. Meanwhile, the euro prices were up 5 paise to Rs. Divorce between Europe and Britain The question of the Brexit was now on the market for a debate in Britain's parliament on Saturday (today). As the negotiations between China and the United States continue to move forward, negotiations are underway in the world market, with fears that trade disput

Mumbai, Ta: 18 October 2019, Friday As the result of a number of auditors' resignation cases over the last two years in the listed companies and in some cases just a few weeks before the financial results of the companies were announced, the capital markets regulator Sebi has tightened disclaimers regarding the auditor's resignation. The auditors were resigned as auditors of the company giving various reasons, including lack of information. Sebi has issued stringent disclosure criteria for auditors in the case of resignation in the case of investors not receiving timely and adequate information from the sudden resignation. Interestingly, these new standards have been introduced when auditors are questioning the extent of SEBI's authority. According to the circular issued by SEBI today, if the auditor resigns within 5 days before the end of the quarter, he will be required to submit a limited review or audit report for the quarter. If the resignation is given within 7 da

Mumbai, Ta: 18 October 2019, Friday In the wake of sluggish demand, prices of steel, especially hot rolled coals, have fallen below Rs 5 per tonne. Current prices of steel are trading at a three-year low, local market sources said. The decline in prices has forced the profits of steel companies. Steel prices have been falling for the past six weeks. Companies have been hoping for an improvement in demand for the past few years, but they have not recovered. Efforts are being made to maintain sales volumes by providing discounts to customers, but huge discounts are affecting margins, a source at a steel company said. Steel exports have been satisfactory. The price of hot rolled coal has been reduced by 5 per cent to Rs 5 per annum in the current month. Since the beginning of the current fiscal year, there has been a correction of 5.5% of the price till now. If demand remains sluggish, it is believed that there will be no relief from the fall in raw material prices. Steel companies

Retail business revenue increased 5% to Rs (Commerce Rep) Mumbai, Ta: 18 October 2019, Friday Of India Today, Reliance Industries Limited, which achieved the achievement of becoming the first company to cross the market capitalization of Rs 1 lakh crore, has announced encouraging results on the consolidated basis for the second quarter ended September 1, 2015. The company's net profit increased by 8% to Rs. 8 crore from Rs. 8 crore in the corresponding period last year. This is an increase of 8% from the first quarter's Rs. In the refining and marketing business, the company has achieved gross refining margin (GRM) per barrel, down from $ 8.4 last year, to $ 1.8. Total revenue increased by 8.5% to Rs. 1,3,8 crores compared to Rs. 6,3 crore in the corresponding period of the previous year. In fact, the revenue declined by 8.5% compared to Rs. 5,6 crore in the first quarter of this year. The company has increased its ebita digital business by 5.5 percent to Rs 5 crore. In th

(PTI) Mumbai, Ta: 18 October 2019, Friday Depression in consumption has nothing to do with the NBFC crisis. The NBFC crisis has arisen since the IL&FS chapter. Brokerage firm Goldman Sachs has also lowered the country's economic growth rate by 5 percent. Many people are linking the current decline in consumption to the NBFC crisis. IL&FS went down in September, following which consumer financing has softened. According to one economist of this generation, consumption has been declining since January 1, which was before the IL&FS chapter. The IL&FS chapter resulted in a liquidity crisis in the country. The global slowdown and the pull of funds are also witnessing a decline in economic growth. There is a slowdown and growth figures have dropped by two percent, "said Prachi Mishra, chief economist at Goldman Sachs. However, he expected the growth rate to rise in the last six months of the year, given the recent decline in the repo rate by the Reserve Bank. Sin

Mumbai, Ta. 18 October 2019, Friday Reliance Industries has become the first company in the country with a capital of Rs 9 lakh crore. Shares of the company rose 1.7% to Rs 9.01 lakh crore on Friday. Last year, Reliance became the highest-grossing company, leaving the state-run Indian Oil Corporation behind. Spread across various sectors like petroleum to retail and telecom, Reliance Industries has a total turnover of Rs 6.23 lakh crore in FY 2018-19. So IOAC has a consolidated turnover of Rs 6.17 lakh crore in the financial year ended March 31, 2019. Reliance Industries has become the first company in the country with a capital of Rs 9 lakh crore. Shares of the company rose 1.7% to Rs 9.01 lakh crore on Friday. Last year, Reliance became the highest-grossing company, leaving the state-run Indian Oil Corporation behind. Spread across various sectors like petroleum to retail and telecom, Reliance Industries has a total turnover of Rs 6.23 lakh crore in FY 2018-19. So IOAC has a con

(Gujarat News Representative) Mumbai, Ta. October 17, 2019, Thursday Foreign Funds-Foreign Portfolio Investors-FPIs stormed the all-round offensive boom, stating the finance minister Nirmala Sitaram to take more stimulus-boosting measures in the coming days to bring the Indian economy back to a rapid pace, buying shares worth Rs 1.5 crore. 2 and Nifty crossed the surface of 0. A statement made by UK Prime Minister Boris Jones, who has agreed with the European Union (EU) for a new Brexit deal and is now required to be approved by the UK Parliament on Saturday, is expected to meet with the rapid improvement of European markets in global markets today. In the stock markets too, the funds had stormed the stock boom. Just before Diwali in India, the fund-makers have made up their mind that the Sensex has crossed the 5-level and Nifty-1 level. Today, the fund racked up an upward trend in banking-finance, automobile stocks, hitting the Sensex-1 and Nifty. The resurgence of stock purchases b

Mumbai, Ta. October 17, 2019, Thursday Singtel prices were lifted behind Saurashtra today in the Mumbai oil and beer market. The current price of Singtel rose by Rs 5 to Rs 5 per kg while Rajkot side prices were reported at Rs 5 to Rs 5 and Rs 5 to Rs 6 per kg. In Singapore, prices were likely to remain high overall at Laupancham. The seasonal demand for Diwali in Singtel was expected to be good. Meanwhile, the amount of moisture is coming in from new grain establishments. Meanwhile, on the Rajkot side, cottonseed oil also rose by Rs. In the Mumbai market today, the price of 5 kg of cotton was Rs. Meanwhile, the price of palmetta remained at Rs 1 for Hawala Resale and Rs 6 for JNPT. There was new demand. The price of crude palm oil CPO Kandla was Rs. In Malaysia, Palmet's futures closed at 1,2,3 and 5 points plus. While there the prices of the palm product were quiet. There was news that the Indian government had increased the custom X's rate for importers to Rs. The new do

Mumbai, Ta. October 17, 2019, Thursday Global fund managers' attitude towards equities as an asset class has been sluggish in October. Fund managers have an average cash inflow of five percent in October compared to 5.5 in September, according to a Bank of America Merrill Lynch survey. However, October is far lower than the 9.5 percent level seen in June. If the proportion of cash in hand can be said to be much higher in October, compared to an average of 5.5% in ten years. The October Global Fund Manager Survey, conducted from October 1 to October 1, was attended by 5 fund managers with total assets under management of $ 2 billion. Of the survey participants, 3% said they were likely to experience a recession in the next six months while 5% did not see anything like it. According to Bank of America Merrill Lynch, fund managers believe trade wars, weaknesses in monetary policy, bubble in the bond market and credit risk are a concern. Short-term lending rates are expected to ri

Mumbai, Ta. October 17, 2019, Thursday India's sugar mills are aggressively selling their stock of sugar stocks, with the government announcing export subsidies to boost sugar exports from the country. The government has declared a subsidy to support sugar mills who are experiencing financial crisis. An increase in exports from India could put pressure on global sugar prices, but export subsidies would help the country's sugar mills lose their stocks, a local trader said. India's exporters have contracted to export 1.8 million tonnes of sugar to Iran during the October-December period. It was also stated that the contract was made at a rate of Rs 5 per tonne on a free on board basis. Besides, a total of 1.5 million tonnes of sugar has been exported to Sri Lanka, African countries and Afghanistan together. Sugar mills are very active in the current year. In Iran, sugar is sold in rupees. US sanctions prohibit dealing with Iran in dollars. Because of this, Iran has agree

Mumbai, Ta. October 17, 2019, Thursday In the last five years, the share of financial assets transferred from physical assets to financial assets by individual investors has increased by 8.5%. As stated in the Wealth Report, submitted by Carvy Private Wealth. According to the data presented in the tenth edition of this report, wealth growth has accelerated in the last few years and personal wealth in India increased by 5% to Rs. 1 lakh crore has been covered. This growth was mainly due to the impressive growth of financial assets of 5.7%, compared to growth of physical assets of 9.5%. Direct equity has continued to serve as a key part of Investor Wealth and has maintained its top position with a growth rate of 5.5%. Other well-known assets involved in good growth are mutual funds, pension funds, alternative investments and internal assets. In financial year 5-7, personal assets in financial assets increased by 5.5 percent and increased to Rs. 1 lakh crore which is Rs. 5 lakhs. As

Mumbai, Ta. October 17, 2019, Thursday The leaders of the corporate world of the country are not in a hurry to move to a new tax rate system. Each of the 4 companies, including some unlisted, have a minimum of over Rs 40 million in credit on their books. Together with each of these companies, the amount goes up to Rs. 1 crore. According to one research firm sources, as many as 2 heavyweight companies have a book credit worth over Rs 5 crore each. Some of these companies have book matte credits worth over Rs 1 crore. With the help of matte credit, many companies can bring their effective tax rate down from 5% to 8.5%. The effective tax rate in the new mattress is 8.5 percent. If companies adopt this route, they will save 5% on their post-tax expenses. Such companies will adopt a new rate of taxation whose effective tax rate is more than 5%. The difference between tax and regular tax paid by the company is the tax credit. Tax credits can be extended for up to 2 years. Experts estima

(Gujarat News Office) Mumbai, Ta. October 17, 2019, Thursday Prices were up in the Mumbai jewelery market today. World market news was booming. In the domestic currency market, the British pound and the euro prices were up against the rupee today, while the dollar price remained soft, with news of the deal being settled between Britain and Europe today, the price of the British pound in the Mumbai currency market rose to Rs. After closing, it closed at Rs. Prices of the pound rose by two bucks today while the euro prices were raised by 8 paise today. The euro was closing at Rs 1.8, after closing at Rs 1.8 today at Rs 1.8. Meanwhile, the dollar closed today with the open at Rs. Dollar prices were down 5 paise today. The currency market was looking at how the Brexit question is now discussed in Britain's parliament. Meanwhile, in the global market today, gold prices rose by Rs. In the Mumbai market, gold prices today closed at Rs 5, Rs 5, Rs 5 and Rs 5 off Rs 5, without GST of 5

(Gujarat News Representative) Mumbai, Ta. October 16, 2019, Wednesday In contrast to India's trade deficit falling by 8.7 percent to $ 8 billion in September 1, the International Monetary Fund (IMF) estimates India's economic growth to be 5 basis points for the years 1-5, while putting the US-China side on the global front. China again threatens to disrupt trade talks, China threatens US backlash, as well as US intervention in Hong Kong �શન વધતાં તેમ જ બ્રેક્ઝિટ મામલે પણ અનિશ્ચિતતા વધતાં અને કોર્પોરેટ પરિણામો પૂર્વે અમેરિકા સહિત વૈશ્વિક બજારોમાં સાવચેતીમાં નરમાઈને પરિણામે આજે ભારતીય શેર બજારોમાં પણ ફંડોએ ઈન્ડેક્સ બેઝડ અસાધારણ અફડાતફડી બતાવી હતી. The stock was trading higher today after the stock market saw a sharp rise in shares of automobiles, finance-banking stocks with FMCG stocks led by Hindustan Unilever. Of course, with the stock being held today in finance stocks and the lure of funds in insurance-finance, FMCG, IT, oil-gas frontline stocks, the market was finally in t

Mumbai, Ta. October 16, 2019, Wednesday New trade in the Mumbai oil-seeds market was slow today, though prices of various imported edible oils were talking high today. World market news was encouraging. In Malaysia, today's futures futures were finally closed at 1, 2, 3 and 5 points plus. While there the prices of the palm product were quiet. In the spot market in Mumbai today, there was an increase of Rs 5 per liter of hawala resale. While JNPT prices were Rs. The price of crude palm oil CPO Kandla was Rs. In the futures market today, CPO prices remained at Rs 5 in the evening against the futures prices in the evening. Chicago Needle Futures Futures Overnight In America, prices rose 5 to 5 points in the evening after rising 5 to 5 points. In the overnight trend, futures futures were 5 to 5 points while soybean futures fell 5 points to 5 points. New York Cotton futures, however, were buzzing with overnight 5, 2 and 3 points. Players were watching how the negotiations between Ch

Mumbai, Ta. October 16, 2019, Wednesday Statistics show that more and more cases of sexual harassment of women are being reported in the workplace. This increase has been seen as a result of legal backing. It appears from the data obtained that women working in Nifty 3 companies have registered as many as 3 sexual harassment complaints in the financial year. In fiscal year 1, the figure was 8. In terms of sector, the most common complaints are made by women working in IT companies. It is also seen that more and more women are coming forward to complain due to the Mitu campaign. There were 5 complaints filed in IT companies. Complaints are on the rise due to the awareness among women, sources in the HR department of an IT company said. It is the second largest banking sector after IT, where workplace harassment has been found to be more prevalent. Special campaigns against sexual harassment have started on October 7 worldwide. As per the law, every listed company has to mention in

Ahmedabad. October 16, 2019, Wednesday Various adverse reports over the past one month in DHFL, Rel. Capital, Rela. Infra., E. Bulls How. Fi. Investors of this company have suffered a huge loss, losing 5 stocks including 5%. The BSE Sensex has seen a two percent improvement in the last one month, following other reports, including various measures taken by the government at the local level to boost the economy. On the other hand, the BSE midcap index is up four percent. However, the BSE smallcap index fell by two percent during this time. Nevertheless, shares of some well-known company have fallen by 5% to 3% in the last one month, just behind certain negative reports touching them. As a result, the investors of that company have suffered a great loss. Among such widely broken stocks is DSFL, Rel. Capital, E. Bulls How. Fi., Rel. Infra, ebulls Ventures, Coffee Day, HDIL, Syntax, Unitek, among others. Other adverse reports, including rating downgrades, defaults, financial pressure

New delhi date. October 16, 2019, Wednesday The government, concerned about falling GST tariffs, will increase the cess on some other items, including tobacco products, to compensate for this decline. According to circles associated with the government's exercise, GST has increased by 5 per cent during April to August 1. Compared to the central government, the GST collection of states has declined. Thus, the government, concerned about the reduction of tax revenues, has taken the initiative to deal with this adversity, which was discussed at a recent meeting of the committee comprising secretaries on how to increase the tax. Following the conclusion of the deliberations, the Committee will introduce a Cabinet to increase the rate of cess / tax on certain products, including tobacco, as well as coal, and after this the decision will be taken. In addition, rates on goods with inverted duty structures are likely to change. It should be noted here that in the next financial year,

Mumbai, Ta. October 16, 2019, Wednesday Regulators are getting ready to scrutinize stocks put up by promoters for fundraising and are also reviewing guidelines on this. The move has been made in view of the risks posed by excessive leveraging. It is also proposed by the promoters to tighten the norms for mortgaging stocks. The Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), the Insurance Regulatory and Development Authority of India and the Pension Fund Regulatory and Development Authority are closely reviewing the regulatory framework. Regulatory bodies will investigate the final use of funds raised through the pledging of shares, the amount of leverage by companies and the exposure of mutual funds. Promoters pledge their own stocks to raise the funds needed for new business, but there have been some cases where this money has been used to increase the promoter's stake. In some cases this money has also been used to mislead the share price. Pr