Market and Business News

Gandhinagar, Ta. December 21, 2019, Saturday The initiative that facilitates MSME entrepreneurship in the state for the establishment of finance industry has been realized under the visionary leadership of Chief Minister Vijay Rupani. The State Government's Department of Industry has concluded important MoUs with the nationalized Bank of Baroda. Now the new entrepreneurs who want to set up MSME units in Gujarat will get the resources within the timeframe and the need. The MoU was signed on behalf of the Government of Gujarat by the Principal Secretary to the Industries and MK Das, the Principal Secretary to the Chief Minister, and Vikramadityasinh Khinchi, the Executive Director of the Bank on behalf of the Bank of Baroda. Under this MoU, MSME entrepreneurs will get Rs. Provision of financial assistance for projects up to Rs. 5 crore will be allowed in only seven days, ie in one week as well as in the next 21 days for industrial projects above Rs. 5 crore. Get every important

(PTI) New delhi date. ૨૦ Fitch Ratings lowered India's Economic Growth Rate (GDP) estimate from 7.2 per cent to 8.5 per cent for Fiscal Year 0-4 on Friday. Fitch attributed the decline in trade and consumer confidence to lower estimates. Fitch stable India maintains India's rating BBB minus. Fitch's GDP estimates for fiscal year 0-8 are less than 8 percent of Moody's and less than 8 percent of Asian Development Bank's. The Reserve Bank of India has also reduced the GDP estimate from 5.4 per cent to 5 per cent for the financial year 1-3. Fitch said in a statement that GDP will be 5.7 percent in fiscal year 5-7, and GDP in fiscal year 5-7. The Government of India is currently facing the problem of low economic growth and growing fiscal deficit. It is worth mentioning that the government has indicated in a statement that due to the reduction of corporate tax, revenue will be reduced by 8% of GDP. However, the sale of Air India and BPCL will ease the problem of the

(Gujarat News Representative) Mumbai, Ta. 20 December 2019, Friday Despite the index-based record gains in stocks today over the weekend, the overbought position was seen in caution due to the surge. Despite congratulations to the corporate-industry of all efforts made by the central government to accelerate the slowdown of economic growth, the IMF's chief economist saw a surge in negative stocks in the second half of the Indian economy that saw no recovery in the second half of the Indian economy. Shares of today's preference were attracted by the expectation that the Central Government will now announce new incentives to corporate India, industry in the Union Budget. Of course, as the weekend continued and the index-based record-breaking bulls continued to push the market into the overboat zone, the fund had cautiously eased its overboat position today. The US dollar was up by 5 paise to Rs. Index-based record boom, Sensex 3 and Nifty spot 3 created new history, finally att

Mumbai, Ta. 20 December 2019, Friday Shocking prices were up again in Singtel today in the Mumbai oil-seeds market. Palmetto prices were also up again. There were reports of edible oils rising again in the Viswa market. In the market today, Singtel's current price was Rs. 5 per kg, while Rajkot price was Rs. 2 and Rs. 5 per kg. Cotton washed prices were also hovering around Rs 5 to Rs 5 today, while in the Mumbai market, the price of cottonseed oil was rising by Rs 5. Meanwhile, China's demand has increased, and Singapore's exports have tripled so far this year and such exports have grown to around 3,000 tonnes this year, with some of this volume being imported into China after China imported it from India. Is being used for consumption, when some quantities are being re-exported from China to other countries. It was cold. Meanwhile, in Mumbai market today, the price of palmetta was again hiked by 5 kg hawala resale and Rs 6 for JNPT. New demand, however, was slow. The

Mumbai, Ta. 20 December 2019, Friday Through open market operations (OMOs), the Reserve Bank will buy bonds worth Rs 5.6 crore on December 3 and sell the same amount of bonds. Market sources believe the move is in part to reduce the yield on long-term bonds. Bonds will be traded in the secondary market. The Reserve Bank's decision led to a three-month low in bonds on Friday, improving three-month bonds. The Reserve Bank will buy maturity bonds of 8.5 percent and sell the bonds at Rs 5 crore for the remainder of this year. After this announcement, the yield on the maturity bonds of six had fallen by 5 basis points to 8.5 percent. While both investment and consumptions are currently weak in the country, policymakers plan to increase credit and accelerate economic growth.

Mumbai, Ta. 20 December 2019, Friday HDFC Securities estimates the NSE's Nifty 3 Index to rise to a high of 5 by December 2. Which is projected to increase by 8% from current levels However, small, mid cap stocks have shown an estimated return of 3 to 5 percent. Along with the elimination of the Long Term Capital Gains Tax (LTCG) in the next central budget, the creation of a bed bank for stress-stressed assets of banks and NBFCs, export incentives expected to be created with the employment incentives of the units created by HDFC Securities, released today. Expect this in the Teens and Tests of Maturity presentation report Andajo-described period. "The Nifty has seen rapid growth in the past one year, with the new calendar year 1 being expected by December 1, with a projected growth of 1, by the end of March 1," said Dhirj Reilly, managing director and CEO of HDFC Securities. . Can be viewed. During the year 1 to 5, Nifty EPS saw a CAGR growth of 5.5%. This is a 7% gr

(Gujarat News Office) Mumbai, Ta. 20 December 2019, Friday Shock prices were again high in Mumbai jewelery market today. The global market was up again. The domestic currency market today also raised the dollar against the rupee. In such an environment, the import of domestic precious metals had increased and the impact was on the market. In the global market today, gold prices were higher at $ 8.25 an ounce, while the price was up $ 8 in the evening. In the global market, gold prices also rose by $ 8 to the dollar in the previous session. In the currency market today, the dollar closed at Rs. The dollar was up by 8 paise today, while the British pound was up 5 paise to Rs. The euro prices were down 5 paise today, from 5.7 to 5.4. In the Mumbai jewelery market, gold prices today closed at Rs 5, down from Rs 5 per gram without a GST. While the price of 5 was closed at Rs 6, it was closed at Rs. However, with GST, prices were up 5%. Meanwhile, in the Mumbai market, silver prices clo

New delhi date. 20 December 2019, Friday In the first seven months of the current financial year, India's export of agricultural products has dropped significantly. Sources said that the decline was due to poor demand. India's exports of basmati rice, groundnut, dairy products, fruits and vegetables together declined by about 8 percent compared to the first seven months of the last fiscal year. Exports during the current fiscal stood at $ 1.8 billion, compared to $ 1.8 billion in April-October last fiscal. In terms of rupees, the figure has dropped from Rs 5 crore to Rs 5 crore, ”the Agricultural and Processed Foods Export Development Authority (Aafada) sources said. Basmati rice exports declined by 5% while non-basmati exports declined by more than 5%. Exports for fruits and vegetables declined by 8 percent while dairy products exports declined by 8 percent. Exports of peanuts were down by 8 per cent while guar gum exports fell more than 5 per cent, sources said. The decl

New delhi date. 20. December 2019 Wednesday The Sensex, on the last trading day of the stock market, hit a historic high of 41798 points on Friday in the current week. So far, the Sensex has never reached this level. The news comes at a time when there are widespread protests over the citizenship bill in the country. With the opening of the market today, the Sensex saw a jump of 124 points. After that the Sensex reached 14798. At one point, the Sensex had surpassed the 14800 level. Get all the important news on Telegram, click to subscribe to the channel On the other hand, the Nifty also touched a high of 12281 on the National Stock Exchange. SBI shares saw 1.83 per cent, Hero Motocorp shares 1.42 per cent, ICICI Bank shares 1.06 per cent, Tata Motors shares 0.70 per cent and LDT shares 0.48 per cent. While Nifty saw a rise of 6.52 per cent in shares of Yes Bank, 3.05 per cent in Eicher Motor stock, 2.95 per cent in TCS stock, Bharti Airtel shares 2.74 per cent.

(Gujarat News Representative) Mumbai, Ta. December 19, 2019, Thursday With no change in the GST base rate at yesterday's meeting of the GST Council, the Union Budget preparations have now begun with Finance Minister Nirmala Sitharaman initiating pre-budget visits with representatives of the industry and this time the budget incentives for the automobile industry are possible. The IT industry is also expected to provide concessions and Individual Index funds have been shown to be likely to increase the limit of tax-based furthered record rally. Despite the risk of inflation remaining unchanged against these positive factors on the national front, the stock continued to rise today in the midst of expert-reviewers' estimates of the economy bottoming out in the new calendar year 1 and falling in favor of recovery. Sensex rose by 5 points to 9.8 and Nifty spot at 6.1 points, with IT-software services stocks opting for automobiles, power-capital goods, oil-gas, metal-mining stocks

(Gujarat News Representative) Mumbai, Ta. December 19, 2019, Thursday With no change in the GST base rate at yesterday's meeting of the GST Council, the Union Budget preparations have now begun with Finance Minister Nirmala Sitharaman initiating pre-budget visits with representatives of the industry and this time the budget incentives for the automobile industry are possible. The IT industry is also expected to provide concessions and Individual Index funds have been shown to be likely to increase the limit of tax-based furthered record rally. Despite the risk of inflation remaining unchanged against these positive factors on the national front, the stock continued to rise today in the midst of expert-reviewers' estimates of the economy bottoming out in the new calendar year 1 and falling in favor of recovery. Sensex rose by 5 points to 9.8 and Nifty spot at 6.1 points, with IT-software services stocks opting for automobiles, power-capital goods, oil-gas, metal-mining stocks

Mumbai, Ta. December 19, 2019, Thursday In the Mumbai oil-seeds market today, the upward decline in the price of palmetta has gone ahead. While in front of the soybean, the boil was boiling. Soyaat futures prices were trading at Rs. Today, the lowest price was Rs. There was widespread speculation in the futures market today. The prices of crude palm oil CPOs were lower at Rs. 5 and higher by Rs. 8. Chicago soybean futures in the US on the world market overnight 5 points softened, while today the projection price remained at 5 to 5 points in the evening. Meanwhile, futures in Malaysia today remained flat at 5 points minus one point in the current market at 5 points plus the closing price remained at 5 points plus. There, the palm product was raised five to seven and a half dollars today. Meanwhile, soybean futures were up 3 to 5 points in the US-Chicago market at night. Meanwhile, in the spot market in Mumbai today, prices of palmetta went up from Rs 5 to Rs 5 in the evening after

Mumbai, Ta. December 19, 2019, Thursday In the Mumbai oil-seeds market today, the upward decline in the price of palmetta has gone ahead. While in front of the soybean, the boil was boiling. Soyaat futures prices were trading at Rs. Today, the lowest price was Rs. There was widespread speculation in the futures market today. The prices of crude palm oil CPOs were lower at Rs. 5 and higher by Rs. 8. Chicago soybean futures in the US on the world market overnight 5 points softened, while today the projection price remained at 5 to 5 points in the evening. Meanwhile, futures in Malaysia today remained flat at 5 points minus one point in the current market at 5 points plus the closing price remained at 5 points plus. There, the palm product was raised five to seven and a half dollars today. Meanwhile, soybean futures were up 3 to 5 points in the US-Chicago market at night. Meanwhile, in the spot market in Mumbai today, prices of palmetta went up from Rs 5 to Rs 5 in the evening after

(Gujarat News Office) Mumbai, Ta. December 19, 2019, Thursday The prices in the Mumbai jewelery market today were staggering. The world market was soft, but in the currency market, the domestic dollar rose again. In the world market today, the dollar index was raised by selling funded gold, and after that, the price of gold in the world market fell by $ 5 to the low of $ 5 in the evening. Meanwhile, silver in the global market today also fell below the dollar to $ 5.7 an ounce. Meanwhile, world market players were watching the imprint of the US president. In the currency market today, the dollar prices were closed at Rs 1.8 with the open price being lower at Rs 5, then the high was Rs. Meanwhile, the British pound prices fell 5 paise today and then closed at Rs. 5 Kudavi from Rs. However, the pound prices remained soft in the world market today. In the Mumbai market today, the euro prices have risen by 5 paise to Rs. Meanwhile, in Mumbai jewelery market today, gold prices fell by

New Delhi, December 19, 2019, Thursday From April to November of the current financial year, the country's fiscal deficit is expected to reach 5 percent of the target. The fiscal deficit is projected to be Rs 1.8 trillion at the end of the financial year. From April to November, the fiscal deficit stood at 8.2 percent of the full year target. The fiscal deficit figures from April to November of the current fiscal year are set to be released on December 3. At the end of November, the fiscal deficit is expected to reach Rs 1.8 trillion more than the target, finance ministry sources said. This means that if the current fiscal year's fiscal deficit is to be limited to 5.5 percent of GDP, the central government will have to cut its spending expenditures in the remaining four months of the fiscal year. In the first six months of the current fiscal, the fiscal deficit stood at 8.5 percent of GDP. Given the current circumstances, the central government is likely to miss its fiscal

New Delhi, December 19, 2019, Thursday Bankers have expressed concern over the Reserve Bank's decision to allow the transfer of money through National Electronic Funds Transfer (NEFT) transactions for 24 hours, saying that this will create confusion. According to a letter written by the Indian Bank Association to the Reserve Bank, the exemption of twenty-four hours will increase the risk. These discounted banks, which have no limits on transactions, are likely to suffer huge falls when closed. NEFT is a system of transferring money from one bank account to another within the country. However, it is not necessary to have two banks in common. This will make it difficult to maintain cash balance, ie cash reserve ratio, after 7pm, especially when a large amount of transfer will occur when banks are closed, ”said a banker. However, NEFT is commonly used by retail customers in which huge outflows are rarely seen, said another banker.

New Delhi, December 19, 2019, Thursday In early December, wheat stock in the warehouse in the center rose to a seven-year high with 5 lakh tonnes. The high prices of wheat sold by the Food Corporation of India (FCI) have led to lower demand for goods. Considering that farmers are harvesting more wheat in the current Ravi season, the current stocks with the government may be a cause for concern in the coming days. Wheat production is also expected to rise following higher acreage. Traders and stockists have vacated huge stocks in the last few weeks in anticipation that prices will hit if the crop comes high, market sources said. Because of the high prices charged by FCI, the millers are also buying wheat from the open market traders. In the current fiscal year, the wheat market price under the open market sale scheme has been fixed at Rs 5 per quintal. And every three months there is a provision to increase it by Rs. Wheat mulch was set at Rs 5 per quintal in the season of 3-5, wh

New Delhi, December 19, 2019, Thursday In early December, wheat stock in the warehouse in the center rose to a seven-year high with 5 lakh tonnes. The high prices of wheat sold by the Food Corporation of India (FCI) have led to lower demand for goods. Considering that farmers are harvesting more wheat in the current Ravi season, the current stocks with the government may be a cause for concern in the coming days. Wheat production is also expected to rise following higher acreage. Traders and stockists have vacated huge stocks in the last few weeks in anticipation that prices will hit if the crop comes high, market sources said. Because of the high prices charged by FCI, the millers are also buying wheat from the open market traders. In the current fiscal year, the wheat market price under the open market sale scheme has been fixed at Rs 5 per quintal. And every three months there is a provision to increase it by Rs. Wheat mulch was set at Rs 5 per quintal in the season of 3-5, wh

(Gujarat News Representative) Mumbai, Ta. 18 December 2019, Wednesday Following the GST Council meeting, the government had earlier shown the possibility of raising the base rate of GST after protesting over the current industrial slowdown in the industry-corporate India, suggesting that the government could keep the GST rates unchanged and Trey De-Chay of America on the global front. Index-based wick in Indian stock markets today following recovery The boom of playing boom continued. After strengthening the US dollar against the rupee today, the rupee was stable at Rs. Crude Oil's international prices fell 5 cents to $ 5 a barrel today and Brent crude dropped 5 cents to close at $ 5. Funds today boosted sales in stocks, suggesting the possibility that the GST rate will be maintained by the central government and encouraging industries in the upcoming central budget, as well as increasing income tax personal limit and increasing efforts to boost consumer economy. Sensex rose 5 po

Mumbai, Ta. 18 December 2019, Wednesday There was new demand in the Mumbai oil-seeds market today. The prices of imported paltal were called within 5 kg. The world market was soft. In Malaysia, the futures of today's futures were at one point in the current market after falling 5 to 5 points minus the last rise. There, however, the prices of the palm product were quiet today. Meanwhile, in the market today, the price of a hawala resale at the price of 5 kg of paltal was Rs. There was new demand. The prices of crude palm oil CPO Kandla remained at Rs 5 while in the futures market today CPI prices were up by Rs. Soyaat futures were up by Rs 5 in the high and Rs 7 in the low. After the Chicago soybean futures overnight jumped 5 points in the United States, the projection prices were in the evening 5 to 5 points today. There, soybean futures rose 5 points in the night while soybean futures were up 3 points. New York Cotton futures, however, were up by 5 points a night. Meanwhile,