Market and Business News

(Gujarat News Correspondent) Mumbai, Ta. Monday, July 20, 2020 Despite concerns that the number of positive corona cases in India has risen to a record 1.1 million in the days leading up to the Corona epidemic, corporate India's overall quarterly results for the June 2020 quarter have outperformed companies' expectations and the monsoon has been successful across the country. . The Nifty jumped to the level of 11,000 as finance-banking stocks became more widely used, with IT-software services stocks becoming more aggressive today. While the Sensex crossed the 200 level. On the international front, crude oil has softened, global industrial slowdown has led to a slowdown, and talks with the European Central Bank on a historic stimulus package have led to a sharp rise in Indian stocks. Continued. In IT-software services, banking-finance, consumer durables stocks, the Sensex gained 2.4 points to 314.5 and the Nifty spot jumped 120.60 points to close at 1,109.50. The US dollar had

(By commerce representative), Mumbai, Ta. Monday, July 20, 2020 In the Mumbai Oilseeds market today, prices of various imported edible oils, including imported palm oil, rose on the back of global markets, while prices of cingulum and cottonseed oil were on the rise. Palm oil prices rose to a five-month high in Malaysia today. In Malaysia, the corona infestation and heavy rains have led to a shortage of workers in palm farms and affected production, experts said. Behind palm oil, soyoil prices were also in the news. Meanwhile, in the Mumbai spot market, the price of 10 kg of palm oil was quoted at Rs 715 to Rs 715 today. However, the new headline was a new demand wing. There was also a shortage of goods in front. Crude palm oil (CPO) Kandla was quoted at Rs 715. While in the futures market, CPO's July futures rose by Rs 10 to Rs 515 in the evening and soyoil's August futures jumped by Rs 2.50, while soybean's July futures rose by Rs 15 to Rs 200. In the Mumbai market, t

(By commercial representative) Mumbai, Ta. Monday, July 20, 2020 Earlier in the week, gold and silver prices witnessed a bearish weather amid sluggish weather. Both the precious metals saw modest fluctuations compared to last weekend. The rupee strengthened against the dollar. While the rupee was weakening against other currencies. Lack of buying in crude oil has not seen much growth in prices. At home, the GST-free price of 10.50 per ten grams of gold in the Mumbai market, which closed at Rs 5,110 last weekend, fell modestly to Rs 3,050 today. Gold was down slightly by Rs 30 to Rs 315 from Rs 20 at Rs 2.50. Prices with GST were quoted three per cent higher. Silver. The price of one kg improved by Rs. Prices with GST were quoted three per cent higher. In the Ahmedabad market, gold was trading at Rs 30,600 per ten grams and Rs 30,800 per 7.50. Silver was quoted at Rs. Gold was trading at ૮ 1,210 an ounce in the global market late this evening at ૮ 1,215 an ounce, while silver was t

Ahmedabad. Monday, July 20, 2020 Market circles were overjoyed to see the NSE's Nifty figure, which had lost ground in the wake of the NSE Nifty epidemic, regain a significant level of 11,000 today. Analysts believe that if this surface is maintained, the pace of improvement will move forward. The stock market was also rocked after a lockdown in the last phase of March, when the Corona epidemic intensified. In which last dt. The Nifty touched a low of 500 on March 8. The market weather also improved after mid-April, with certain favorable reports from domestic and global levels, and the government announcing partial waivers in the lockdown in May. According to which last date. On June 6, the Nifty recovered to the level of 10,000. After the initial phase of June, the market continued to improve on the back of various favorable reports. In which today On July 20, the Nifty touched an all-time high of 11,000 in the opening trade. Thus, it took 3 trading sessions to reach the le

New delhi date. Monday, July 20, 2020 During the first quarter of the current financial year 2020- '21, gold imports fell by 9 per cent to ૬૮ 2.8 crore (Rs 2,150 crore) due to the implementation of the lockdown and the skyrocketing prices. According to informed sources, gold imports are a major contributor to the current account deficit. But this time during the April-June quarter, it has seen a significant decline. If we look at the reason for the decline in gold imports, the demand for gold has come down significantly due to the lockdown that has taken place due to Covid-18. The implementation of the lockdown has had a serious impact on postponing weddings. On the other hand, following the rally in global markets, gold in the domestic market also rose by Rs. The level of 31,000 has been reached. Thus even because of the high price people avoided buying yellow metal. Thus the demand for gold declined significantly for these two reasons. Exports of diamonds and jewelery fell by

Mumbai, Ta. Monday, July 20, 2020 The percentage of manufacturing units that have achieved growth has declined to 10 per cent in the June quarter from 12 per cent in the March quarter, according to a report by industry body FICCI. This is evident from a survey of about 200 manufacturing units in the large and SME segments with an annual combined turnover of over Rs 2.50 trillion. The easing of the lockdown has had the worst impact on auto companies, with current orders and demand weakening. Other sectors where factory operations have been sluggish include leather and footwear, electronics and electrical and textile machinery, the report said. In addition, the percentage of units expecting lower or similar production was 20 per cent in the June quarter as against 3 per cent in the March quarter. The outlook for recruitment in the manufacturing sector is looking bleak. Six per cent of the units surveyed said they were not in the mood to recruit for the next three months. Thus, the

Mumbai, Ta. Monday, July 20, 2020 Kovid-12's disease and the lockdown imposed due to it have had a serious impact on the country's economy. Given the government's increase in borrowings to offset the economic impact of the corona, the country's debt burden is expected to rise to Rs 120 trillion in the current financial year, or 6.50 per cent of the country's total GDP, a report said. Due to the impact of Corona, the economic growth rate of most of the countries of the world is going down and the ratio of debt to GDP is increasing. India's total debt is expected to rise to Rs 3.50 trillion, or 2.50 per cent of GDP. The report also notes that the domestic debt figure will be 5 per cent of GDP. A lower debt-to-GDP ratio means that the total number of services and goods produced in an economy is sufficient to cover its debt, and it does not require more debt. In the last few years, the country's debt-to-GDP ratio, which was 7.50 per cent in 2011-12, has ri

New delhi date. Monday, July 20, 2020 The Insurance Regulatory Authority of India (IRDAI) has asked all insurance companies to communicate with network providers so that consumers do not face any problem. Any kind of trouble can be solved quickly. However, if a hospital refuses to provide you with a cashless facility, you can report it to Irda. IRDA has said that if a hospital does not offer a cashless facility, you should file a complaint with your insurance company's dispute resolution department. All its information is available on Irda's website. IRDA said in a circular that all policyholders should get cashless facility in every hospital for which the insurance company had promised in the agreement. IRDA has also asked all insurance companies to set up a separate special cell for resolving customer complaints. It also said that those whose claim is refused by the hospital should immediately inform the government department about it.

- It is a must have, for any Affiliate, promoting any program Ahmedabad. Monday, July 20, 2020 Many states in the country, including Assam and Bihar, have been hit by floods. These types of natural disasters have submerged people's homes or flooded some people's homes. It has caused a lot of damage to their homes and belongings. But insuring your home can save you money. Under this insurance policy, you get cover in the event of fire, short circuit and natural disaster. If you have taken out a home with a loan, home insurance is much needed If you bought a home with a loan, this insurance becomes very important. Because if your home is damaged in an accident, the insurance company will reimburse you. You don't have to carry the burden of home repairs. There is also home insurance If you insure a home, then you can insure both the design and materials of the home. The design of the house is insured, while the furniture of the house is priced according to the market

New delhi date. Monday, July 20, 2020 There have been some changes in insurance since the Covid-19 epidemic. Now people are increasing their insurance share in their financial portfolio. But there are some things to keep in mind when buying a health insurance policy. Choosing the right product No single insurance policy is suitable for all people. The most important thing is to have a comprehensive health insurance plan. Medical expenses, treatment and hospitalization have all become very expensive. If you need an emergency medical service you will need a shield to avoid medical costs. Proper coverage level How much health insurance coverage is is a personal belief. It depends on your lifestyle, family history of illness, expenses, etc. For health insurance you have to consider the average bill for staying in the hospital for 3 to 5 days. Based on this, the need for coverage has to be assessed. Rational premium No one takes health insurance every day. That’s why there needs to

New Delhi, July 20, 2020, Monday The Corona virus, which has been plaguing black care in the country for the past few months, has led to a huge rush for a new policy by all the top insurers. During the two-and-a-half-month lockout after March this year, business stalled and the economy suffered. Corona, on the other hand, had an overnight death rate. People of every denomination were coronated and began to die. In this situation an insurance company issued a new insurance policy called Corona Shield. This policy became incredibly popular in a very short period of time due to the fear that Corona and I would get involved and die in it and people rushed to get this policy. There was a huge influx of customers in all the insurance companies to take this policy called Corona Protection Health Policy. According to a spokesperson, hundreds of such policies were being demanded every day. The policy was announced on July 10 and the huge demand for the policy started from all over the coun

New delhi date. Monday, July 20, 2020 In the midst of the Corona crisis, it is becoming increasingly difficult to get proper treatment in a hospital and claim settlement by insurance companies if someone falls ill. How many such reports are coming in this time of crisis, in which hospitals are refusing cashless claims. Due to this kind of news, IRDAI has issued some guidelines regarding health insurance during the Corona period, which need to be understood. Corona shields launched by all companies At the behest of IRDAI, all insurance companies have recently launched Corona Shield Special Policy to cover Corona treatment. This covers the entire hospitalization process related to Corona. That is why the sum insured is from Rs 50,000 to Rs 5 lakh. Corona shield policy is for the short term Corona shield policy can be for three and a half months, six and a half months and nine and a half months for short term as per IRDAI guidelines. The sum insured ranges from Rs 50,000 to Rs 5 lak

(Gujarat News Correspondent) Mumbai, Ta. 18 July 2020, Saturday On the global front, the resurgence of the corona transition and the resurgence of cases in Asia-Pacific countries in Japan and other countries, on the other hand, China's economy has begun to show positive growth again, pushing the world into the Corona conflict. So again, with China on one side and the world on the other, the economic crisis is showing signs of escalating, but Corporate India's results are better than expected in the US in the late June 2020 season of corporate results, with good results from HCL Technology yesterday and HDFC Bank today. The monsoon is succeeding. International crude oil prices have continued to weaken. With these positive factors, corporate India, including Reliance Industries, is succeeding in attracting huge global investment flows. Along with these positive factors, the government's continued efforts to boost economic activity in these challenging times have also led to

(By commerce representative), Mumbai, Ta. 18 July 2020, Saturday In the Mumbai oilseeds market, cingulum oil and cottonseed oil were on the rise today, while various imported edible oils, including palm oil, were fluctuating narrowly, market sources said. However, world market news was encouraging and experts were predicting higher palm oil prices in the coming weeks. Meanwhile, the total cultivation of various oilseeds in the country has increased to 1.8 million hectares so far this year, from 110 lakh hectares in the same period last year, experts said. Meanwhile, in the Mumbai spot market, the price of 10 kg of cingulum oil rose by Rs 1,20 today, while at manufacturing plants, the price of cottonseed was reported to be Rs 1,600 and Rs 705 to Rs 705. In the Mumbai market, cottonseed oil prices were hovering between Rs 5 and Rs 7 today, while imported palm oil was hovering between Rs 210 and Rs 215. New works were slow. Crude palm oil (CPO) Kandla was trading at Rs 610. In the Mu

(By commercial representative) Mumbai, Ta. 18 July 2020, Saturday At the weekend, gold and silver prices closed higher in the global market, while private markets in the Mumbai market saw an improvement in prices on Saturday. Funds are investing in gold in the global market due to the increasing cases of coronavirus. Looking to sell in dollars. Crude oil also saw gains over the weekend. In the Mumbai market, the GST-free price of 10.50 per ten grams of gold, which closed at Rs 4 yesterday, was trading at Rs 3,110 in private today. Gold was trading at Rs 50 with a price of Rs 715. Prices were quoted three per cent higher with GST. Silver. The price of one kg excluding GST was Rs. Prices were quoted three per cent higher with GST. With gold demand weak in China, gold prices were trading at a discount of ૨૫ 6 to કરતા 8 per ounce above the base price. In India, Japan and Singapore, a premium of one and a half to two dollars is being offered for goods. World gold was trading at ૮ 1,210

New delhi date. 18 July 2020, Saturday There are encouraging signs for the country's agricultural sector and rural economy. Due to the progress of monsoon in the country, the sown area has been increasing since the beginning of June and the sown area has been consistently high. By the end of July, the country's agricultural acreage was 31 per cent higher than the same period last year. Planting of every kharif crop such as oilseeds, pulses, paddy and pulses is on the rise. Despite the initial disruption due to the lockdown, sowing is on the rise. Sources in the Ministry of Agriculture said that the kharif planting of Kovid-12 was not affected. The country's agricultural sector, however, has been exempted from the lockdown. Despite the Corona epidemic, good rains have prepared farmers for sowing, which has not hampered the sale of fertilizers, seeds and farm implements. As on July 15, kharif sowing has been completed on an area of ​​3 lakh hectares in the country as ag

Mumbai, Ta. 18 July 2020, Saturday The current financial year has seen a 5 per cent increase in borrowings in various states of the country, which are facing huge revenue losses as a result of the lockdown imposed due to the coronavirus. Corona has led to a huge increase in the cost behind the health care of the states. From April to July 15 of the current financial year, the state's borrowings stood at Rs 1.3 trillion, up 3 per cent from the previous financial year. To maintain its cash flow, the Center has relaxed the standards for state borrowings. Apart from this, the Center has also increased the fiscal deficit target from 5 per cent to 5 per cent. At the end of FY2030, the total debt burden of each state was Rs 2.50 trillion. Debt growth has grown at an annual rate of 19.50 per cent between FY2017 and 2020, a report said. The debt burden of the states has doubled in the last five years. Even in the current financial year, the debt burden is expected to increase in view o

New Delhi, Ta. 18 July 2020, Saturday Diesel and petrol prices have been rising steadily for the past few days. In the national capital, Delhi, diesel is being sold at a higher price than petrol. Such a situation is being witnessed in the international market despite the fact that the price of crude oil is in a fixed area. In general, fluctuations in international crude oil prices have had a direct impact on petrol and diesel prices in India. If crude oil prices rise in the international market for any reason, petrol and diesel prices are likely to rise in India as well. The government has come up with a new plan to deal with this situation. According to Petroleum Minister Dharmendra Pradhan, India is ready to stockpile its crude oil in US strategic petroleum reserves to cope with any supply constraints or price rise. Talks between India and the US on this issue have come a long way. According to Dharmendra Pradhan, the two countries have signed a memorandum of understanding for co

- Bicycle is also useful in social distance New Delhi / Portland on July 18, 2020, Saturday Demand for this specialty has grown significantly as a result of recent corporate scandals. The use of public transport was declining as social distance became inevitable and people were getting out of their vehicles. People used to go to the gym to maintain fitness because of Corona. But now people are using bicycles as the gym is also locked out. It also satisfies the need for exercise and makes it easier to get to work. Bicycle company spokesmen say that after decades of hiatus, demand for bicycles has soared again and people are demanding bicycles. Bicycle sales also picked up. In some countries, including the United States, there was a waiting list for bicycles. People were seen scrambling to get bicycles. Companies manufacturing and selling bicycles did not meet the demand of the people. "This is the first time since 1970 that there has been such a huge demand for bicycles,&quo

-Baba Ramdev slapped by Madras High Court -The Chennai-based company had approached the High Court Chennai, July 18, 2020, Saturday Baba Ramdev's Patanjali Institute was slapped by the Madras High Court over an Ayurvedic medicine. The High Court had imposed an interim ban on the use of the name Coronil as an ayurvedic medicine for the treatment of corona. A few days ago Baba Ramdev claimed that we had discovered such a drug as Corona Matade and that the drug was named Baba Ramdev Coronil. It was submitted in the High Court by Arudra Engineering, a Chennai-based company, that as far back as 1993, we registered Coronil-213 and Coronil-92B for our drugs and as per the rules, we renew these names. Hence the name Coronil is our registered trademark. No one may use the Coronel name without our permission. Baba Ramdev's company infringed copyright using our registered name. The company manufactures chemicals and sanitizers for cleaning heavy machinery, container units and conta