Market and Business News

(Gujarat News Representative) Mumbai, Ta. Friday February 21, 2020 Indian stock markets were closed on Mahashivratri. Reports of Corona virus cases in China, Japan, South Korea, and other Asian markets, Europe and the US markets were rising in China amid reports that China's stock markets were booming again on the international front as China's stock markets witnessed a rapid recovery. With international prices of crude oil falling and stagnation falling, gold prices and Treasuries saw a strong uptick in US markets. Australia's weak manufacturing figures and Japan show concern for slow economic growth On the one hand, despite reports that the death toll from coronary virus has surpassed 8 in China, the positive report of the fact that production has begun to resume in factories in some provinces of China has led to concerns over the rise of corona virus cases in China, and concerns over the economic front. Japan has shown concern for slow economic growth with manufactur

Mumbai, Ta. Friday February 21, 2020 The Mumbai oil market was officially closed today due to Mahashivratri. On the closed market today, prices were calling higher. World market news was encouraging. At Malaysia, Palmet's futures closed today, finally closing at 5, 6, 6 and 6 points plus prices of palm products, where prices remained two-and-a-half dollars high. Chicago soybean futures overnight in the US fell 5 to 5 points after tonight's projection this evening, while prices remained at 5 to 5 points plus. With the rising global market, new sales in the closed market today were slow and the mood was on the rise. In Mumbai market today, the price of 5 kilos of pallet hawala resale is Rs. Increased by Rs. While the JNPT was priced at Rs. 3 rupees There were two. One of the refineries' direct delivery costs Rs. There were about 2 to 5 tonnes in the past. However, since then some refineries have raised prices. The talk of having 2 was heard in the market today. Meanwhile,

New delhi date. Friday February 21, 2020 In a bid to get rid of such pressures, there has been a general consensus among the country's telecom sector leaders and government officials that the telecom sector, which has been financially strained during the last four to five days, should be recovered. Telecom companies have come to pay Rs 1.8 trillion for adjusted gross revenue (AGR). With no payment from the court for these payments, telecom companies are now eyeing the government. The Department of Telecommunication is considering how to provide relief to the companies after the introduction of the directors of the telecom companies, but the government is not in the mood to reduce the amount of AGR, a government official said. We are thinking of every step we can take to overcome this area. It is also considering whether a telecom fund could be set up to provide loans to operators. If the telecom companies fail to pay the amount by March 8, the government is also considering wh

Mumbai, Ta. Friday February 21, 2020 Sales of e-commerce have been increasing in the total sales of goods such as smartphones, washing machines, televisions and ACs. The e-commerce service, which is open 24 hours and 7 days, is witnessing this sales growth. Good research in terms of prices and the changing consumption patterns of consumers are also the reasons for this, a research firm's report said. Of the total smartphones sold in India in the 5th, 5% were sold through e-commerce. In 7, the figure was 5%. In the case of TV, 5% of total sales are made through e-commerce, a research firm said in its report. In terms of sales of freezes, the number which was 5% in 2 has increased from 3 to 5%. That is, the popularity of buying tools through e-commerce is also increasing. A similar situation is seen in the case of washing machines and ACs. As the touch and fill factor works in the case of freezes and washing machines, its purchase will still be more offline. Another reason for

Mumbai, Ta. Friday February 21, 2020 The impact of the coronavirus in China and slow demand in key markets will have a significant adverse impact on the country's diamond industry. In view of the adverse effect, a rating agency has negatively outlined the Outlook for the country's cut and polished diamond industry. This observation has come about in China and Hong Kong following the current closure conditions. China accounts for 5% of global polished diamond consumption. About 5% of the major exports from India to China are currently exported through Hong Kong. In addition to China's coronavirus, the cut and polished diamond industry has been under pressure for some time as a result of sluggish demand. Gross margins have also come under pressure due to falling prices of processed diamonds. If trade activities in China are closed for long periods of time, the long-term impact may be seen. Demand will also be delayed in recovery, the agency said in a report. Retail sales

(Gujarat News Office) Mumbai, Ta. Friday February 21, 2020 Bullion market was officially closed today in the wake of Mahashivratri in Mumbai jewelery market. The closed market, however, led to a record-breaking surge in gold prices. Gold prices in Ahmedabad rose to Rs. 5 were approaching. World market news shows a new surge in prices. There were reports of a seven-year high in the global market, with gold prices rising. The dollar also rallied against the rupee in the domestic market today. Depending on the surface of the surface, the base equipment is stated. With the rise of the global market and the rise of domestic dollars, imports of precious metals from domestic commodities have risen, and in the wake of Mahashivratri big festival in the jewelery markets of the country today, gold has seen a new surge in prices, according to the report. Gold prices in Ahmedabad market today rose by Rs. 1 bounce of 5 and 5 of 5 ઇતિહાસ The new history of speaking was created while silver in Ahme

Mumbai, 21 February 2020 Friday Hinduja Group is likely to partner with private equity firm Cerebrus Capital Management to acquire a stake in Yes Bank. According to sources, representatives of Cerebros and Hinduja Group of Britain met with RBI officials this month on a Yes Bank bid. The Hinduja group is currently managed by both brothers Gopichand Hinduja and Ashok Hinduja. It is worth mentioning that Yes Bank has been trying to raise funds for the last few months due to the quality of the assets and exposure to the stressed banking sector. Yes Bank told stock exchanges on February 12 that JC Flowers & Company, Tilden Park Capital Management, Oak Hill Advisors and Silver Point Capital submitted a non-binding letter of intent. A Hinduja Group spokesman declined to comment. However, a spokesperson for Cerebrus, RBI and Yes Bank did not immediately respond to the question. Of sources According to the report, more investors are likely to join the consortium for Yes Bank's bid

New Delhi, 21 February 2020, Friday The government is working on several options to protect the business of Vodafone Idea. This includes the option to allow more time to pay off debt other than adjustable gross revenue. A senior official said that the government wants to improve the situation in the telecom sector and wants to take measures that could prevent the shortfall. If Voda Idea closes, the Indian economy could suffer a lot. This is why the Government of India does not want the company to close. Sunil Mittal seeks tax reduction After meeting Vodafone Idea chairman Kumar Mangalam Birla in the telecommunications ministry yesterday, recruiting Airtel chairman Sunil Bharti Mittal met with telecom minister Ravi Shankar Prasad and demanded a reduction. Mittal said that AGR has become a major crisis for the industry. The government is looking for a solution. A government official said the government was not considering bringing in an order to change the definition of AGR to hel

Mumbai, Ta. 20 February 2020, Thursday The prices of edible oils were soft today in the Mumbai oil market. However, there were reports of a surge in the futures market after the price fluctuation. Meanwhile, according to government sources, about one lakh tonnes of licenses have been issued so far for the import of Palmoline in the country. The market is now looking at when and how many new licenses are issued. Meanwhile, according to the news that the import licenses of one lakh tonnes have been issued, the instructions have been given mainly for importing from Indonesia. Desi food items were hit. In the spot market today, there was a 3 kg palmetal hawala resell for Rs 5 and Rs 6 for JNPT. About 5 to 5 tonnes were traded in the range of Rs. Meanwhile, prices of crude palm oil CPO Kandla remained at Rs 5 while CPI futures prices were down by Rs. 7 in the evening, while prices remained at Rs. The price remained high at Rs. Meanwhile, according to the news from Delhi, the government

Mumbai, Ta. 20 February 2020, Thursday After resolving large-scale insolvency cases, such as Essar and Bhushan Steel, bankers are no longer expecting the recovery rate to be more than 3-5 per cent from companies in insolvency cases. As of December 1, the financial creditors had received Rs 5.5 trillion under six resolution plans, which would amount to 8.5 per cent of the total filed claim of Rs 1.8 trillion, said the Insolvency and Bankership Board of India (IB). Statistics say. Of the total amount received, about one trillion rupees has been received from four steel companies. However, bankers do not expect recovery rates to be particularly high under IBC cases. The second list of cases issued by the Reserve Bank for IBC does not appear to have a recovery of more than 5% in cases under the second list, a banker said. The government has enacted a good law, but the enthusiasm that is being implemented is not right at present. In some cases, the resolution amount is less than 5% of

Srinagar, Ta. 20 February 2020, Thursday Saffron production in Kashmir has dropped significantly by 5% in the last three years due to various weather conditions, including weather conditions. According to data from the Agriculture Department of the Kashmir Government, weather conditions, poor irrigation system, lack of new equipment for cultivation, production of saffron in Kashmir has been steadily declining in Kashmir during the last two decades. In addition to all these adversities, saffron imports from Iran at a cheaper price have also been steadily declining in saffron production since adversely affecting domestic production. Twenty-two years ago, Kashmir produced 5 metric tonnes, which has dropped to 1.8 metric tonnes at the end of 7 years. Saffron in Kashmir is the highest selling item in the world. Saffron in Kashmir is Rs. Sold at a price of 1 to 3 lakhs. Against this, saffron imported from Iran is 5% cheaper. Iran's saffron accounts for 5 to 5 percent of the global

(Gujarat News Office) Mumbai, Ta. 20 February 2020, Thursday Gold rose sharply today in the Mumbai jewelery market. The global market was buoyant by the shock of the news. The dollar was up against the rupee in the domestic currency market. In such an environment, domestic imports of gold increased the record high in the market. In the Ahmedabad market, gold prices were hiked by 5 grams to Rs 5 more and Rs 5 to Rs 5. Investigators were saying that the price had not appeared before. However, silver prices continued to remain high at around Rs 5 per kg. In the global market today, the price of gold rose again to $ 5 after falling from $ 1 to $ 5 at a low of $ 5. With the rise of China's deadly virus infiltration and its spread globally, news of the safe haven in gold has increased in the world market. In the Mumbai jewelery market, gold prices today went up by Rs 2.5, up from Rs 1.6, to Rs 5, to Rs 5, and to Rs 5, to Rs 5,6, without GST. While prices with GST were three per cent

Mumbai, Ta. 20 February 2020, Thursday The adverse impact on auto sales will continue due to the sluggish economy and poor consumer sentiment, and the modest improvement seen due to the festive season in the December quarter is unlikely to survive. During the festive season, high sales of vehicles saw a modest increase in vehicle sales. The economic growth rate of the country was slow to 5.4 per cent in the financial year 6-8 and the current fiscal is expected to fall to 5 years at the end of the year with five per cent. Poor financing options to reduce consumption demand and purchase of high value equipment such as vehicles have impacted GDP growth. The economic downturn and consumer durables will continue to impact vehicle sales, according to a report by research firm Fitch. However, the report does not shed light on when sales volumes will rise or if the downturn will continue. The sale of vehicles is also being affected due to BS-1 standards being implemented in the country fr

Mumbai, Ta. 20 February 2020, Thursday The closure situation in China due to coronavirus will affect India's textile and apparel industry, according to the Clothing Manufacturers Association of India (CMAI). Some of the positives of this condition and some negative effects have also been expressed. According to a statement issued by the association, the precarious situation currently prevailing in China is becoming a major challenge for India's textile units, which rely on raw materials from China. Global Apple brands will also have to look at alternative manufacturing plants like India. India averages two to two and a half million key annually. Gr. Cotton yarn exports to China. In the domestic market, cotton yarn prices have dropped by 3 to 5 percent, with demand coming down from China. From China, India imports approximately $ 200 million worth of synthetic yarn and $ 100 million of synthetic fabric annually. In addition, accessories such as buttons, zippers and noodles a

(Gujarat News Representative) Mumbai, Ta. 20 February 2020, Thursday With China's corona virus now taking its toll on Japan and South Korea outside China, worries about the deadly virus becoming a global catastrophe threatened to worsen the global economy. Corporate results on the global front continue to worsen with concerns about the Corona virus, and Apple Inc. Including weak guidance in Europe-Asia markets today. Corona Virus cautioned against this global economic concern before meeting with finance ministers of the Group 3 countries and heads of central banks at Riyadh-Saudi Arabia and consideration for the meeting to support global economic growth. Crude Oil's international prices jumped by $ 5 to Brent crude at $ 5 and Naimax crude at $ 5. The Sensex fell 5 points to end the week with erosion of consumer durables, oil and IT stocks, while the Nifty spot fell 5 points to close at 6.6 points, against the opening strength of banking-finance, metal-mining stocks. Were. Sma

Mumbai, February 20, 2020 Thursday SBI Card IPOs are a big news for investors waiting on the verge. The IPO of the SBI card will open on March 2 next. Market Director Sebi This information comes from the prospectus of the company's IPO. Stock market analysts are hopeful that after IRCTC, SBI card stock will also be listed at a steep premium, giving investors a bumper profit. Can be bid up to March 5 As per the February 18 prospectus, the company will bring 13.05 crore shares worth Rs 500 crore. The bidding process for the IPO will end on March 5. Through this IPO The company can raise Rs 9000 to Rs 10,000 crore. 13 million shares will be issued According to the DRHP filed last year, the company will bring 13,05,26,798 equity shares in the market through the Four Sales. Of these, shares of SBI sold up to 3,72,93,371 and SBI while 9,32,33,427 Shares will sell to Carlyle Group (CA Rover). In addition, the company will also issue fresh equity shares worth Rs 500 crore. SBI Car

(Gujarat News Office) Mumbai, Ta. 19 February 2020, Wednesday Gold prices rose sharply in the Mumbai jewelery market today. World market news was booming. Gold prices jumped to $ 7 a barrel in the global market after news of reaching a seven-year high. The dollar index against the basket of currencies in the world market was also reported to have reached a new high of 6 months today. The debate over whether China's deadly virus infestation has softened on the global economy has led to increased safe haven funding of gold in the world market. Meanwhile, a new record was created in Ahmedabad jewelery market today, with gold prices rising by Rs 5 to Rs 5 and Rs 5 to Rs 5, while Ahmedabad silver price today went up by Rs. There were reports of silver prices rising above the global market. In the global market today, gold prices were trading at $ 5 to $ 5 a barrel and $ 8 to $ 6.7 in the evening. Silver followed suit and fell to US $ 6.5 in the global market today. The Mumbai curre

Mumbai, Ta. 19 February 2020, Wednesday The impact of the country's economic downturn has also been seen on the savings rate. The country's savings rate has fallen to a five-year low and domestic savings are also declining. This has weakened India's macroeconomic status, which is already facing the challenges of low investment and rising foreign debt. Domestic savings have also declined due to increased consumption of travel and travel expenses. Domestic savings account for 5% of the country's total savings. Compared to rival countries like Brazil, India is looking favorably. If India wants to achieve steady growth, it will have to raise investment rates. But this requires funding, said one analyst. India's gross savings rate fell to 9.5 percent of GDP in fiscal year 1, compared to 5 percent in fiscal year 1 and 5 percent in 1-3, according to data from the Central Statistical Organization. Earlier, the savings rate had been as low as 5% in the last 2-3 years. T

Mumbai, Ta. 19 February 2020, Wednesday India's wheat production is estimated to be at a record 1.5 million tonnes in the crop of 3-4 crores, while the country is facing alarming authorities for shortage of wheat as well as lack of storage space. On the other hand, the decline in the export of agricultural products from the country is also raising concerns. When the demand for wheat production is high in the country, the government will have to take urgent measures to dispose of additional wheat or otherwise it will be challenging to tackle it, agricultural experts say. Estimates released Tuesday show that wheat production in the crop year beginning July 1 has been estimated to be 1.8 lakh higher than the target. Production figures are likely to be more than 1.5 lakh tonnes more than the season of 2-3 years. Government agencies, including the Food Corporation of India, will start buying wheat from April 1, and even if the agencies buy 2 to 5 percent of the new wheat produced, t

Ahmedabad. 19 February 2020, Wednesday Due to the diminished demand of cottonseed and the high moisture content, approximately 3% cottonseed crushing units have been closed in Diwali since last year. Cottonseed cannot afford to operate in the absence of demand for cotton and therefore only 3 of the 5 Cottonseed Crushing Units in the state are currently operational, said a Saurashtra Cotton, Cottonseed and Cotton Cake Brokers Association official. The cotton mills get 5 percent of the oil, while 3 to 5 percent is extracted and the rest goes to waste. Cottonseed hollow is used for livestock. Due to the huge production of peanuts in Gujarat this year, there is a huge availability of peanuts. Due to which, peanuts are being preferred more than cottonseed in animal feed, he said. Last year, there were complaints of mixing in cottonseed solution. So locals have also turned to other animals for animal feed. The new cotton, which continued till late monsoon in Gujarat last year, was also