Market and Business News

New Delhi, Saturday 21 November 2020 The rally in the stock market has reached its peak at the moment, the Sensex has crossed 44 thousand at the moment, on the other hand all the reports about the economy are negative, in this situation is not the current situation bubble bubble? This question is bothering investors, some market experts also say that the bullish trend in the market is about to end now, and there will be a correction in the stock market. Foreign portfolio investors bought heavily in November, which led to a rally in the stock market. FPI did not make such a purchase during the lockdown, with a net inflow of over Rs 44,000 crore in the first 20 days of November, while the Sensex gained 4200 points. There has been an 11 per cent rise. Trump's team has banned the emergency lending program from the US Treasury, it will affect the whole world, if the tussle between Biden and Trump is happening on the world economy, Trump is not ready to leave his seat, in such a sit

New Delhi, Saturday 21 November 2020 In a report released on Friday by the world's leading rating agency Fitch, India expects growth in the medium term. Expressed the need. Fitch added that it would take time to assess whether the reforms have been implemented effectively, although growth in the medium term could be boosted by the government's reform agenda in the wake of the Corona virus epidemic. However, despite these efforts by the government, growth is likely to slow, and it will take time to assess, as growth could slow in the medium term due to the epidemic, as losses in bookkeeping could affect investment for years.

New Delhi, Saturday 21 November 2020 US giant Amazon has suffered a major setback, with the Competition Commission of India (CCI) approving a deal between Reliance Industries and Future Group. Amazon was trying to derail the deal between Reliance Industries and Future Group, the country's largest retailer. Experts opined that Amazon is trying to indirectly gain a foothold in the retail chain Big Market through a deal that saw Amazon buy a 49 percent stake in Future Group's non-listed companies led by Kishore Biyani last year. At the same time, it had acquired the right to acquire Future Retail Ltd., a leading listed company, in the event of the government removing the foreign ownership limit in multibrand retail companies. FRL was plunged into a severe financial crisis following a lockdown caused by the Corona virus epidemic, after which it struck a deal with Reliance Industries for Rs 24,713 crore worth of its property, Amazon said in a statement. The US company claims

- Gautam Adani's assets increase by Rs 1.41 lakh crore this year, Mukesh Ambani's assets increase by Rs 1.21 lakh crore New delhi date. 21 November 2020, Saturday Gautam Adani's private wealth is growing at the fastest pace compared to his contemporaries. According to private website news, Adani Group Cap Market capitalization has increased the most. Adani's wealth has increased from .4 19.4 billion to 30 30 billion in 2020. The market capitalization of their six listed companies has increased by 27 27 billion, or Rs 2.1 lakh crore, since January. Adani has reached the 9th position in the list of wealth creators. He is followed by Steve Wammer, Larry Page and Bill Gates. Shares of Adani companies rise sharply The sharp rise in share prices of Adani Green, Adani Enterprises, Adani Gas and Adani Transmission has led to a huge increase in Gautam Adani's wealth. Shares of Adani Green Energy have risen 551 per cent this year. Shares of Adani Gas and Adani Enterpri

(Gujarat News Correspondent) Mumbai, Ta. 20 November 2020, Friday Over the weekend, the funds again closed all-round gains in banking-finance, consumer durables, IT-software services, automobile, pharma stocks, closing the Sensex-Nifty higher. Amid concerns over the second-third wave of Corona transition around the world, the decision to re-impose Coro curfew in India, including Ahmedabad, after a lockdown in the US and European countries, worries that the situation will explode in the coming days after softening in index-based initial precautions. Considering the stimulus measures, futures in the US markets digested the recovery in the European markets as well as the Indian stock markets rebounded all round. Amid proposals by the Reserve Bank of India's panel to allow NBFCs with assets worth over Rs 40,000 crore to be converted into banks, the rise in foreign funds in banking-finance stocks today has led to a steady sell-off in local fund stocks. Uninterrupted shopping was maint

Mumbai, Ta. 20 November 2020, Friday Following the global market, domestic gold and silver prices saw a slow recovery. The dollar weakened in the currency market. Crude oil prices remained bullish. Pfizer has introduced the Cora virus vaccine for emergency use in the United States. The Government of India has modestly increased the dollar exchange rate for importers from Rs 2.15 to Rs 2.50. In the Mumbai market, the price of 10 grams of gold excluding GST of Rs 3.50, which was Rs 1,015 yesterday, improved modestly to close at Rs 30,605 today. At Rs 3.30, it was closing at Rs 30,605 with a price of Rs 305. Prices with GST were quoted three per cent higher. Silver.2 The price of one kg was Rs. Prices were quoted three per cent higher with GST. In the Ahmedabad jewelery market, gold was priced at Rs 3,100 per ten grams at Rs 2.50 and Rs 200 at Rs 9.50. Silver.2 The price per kg was Rs.500. In the global market, gold was trading at ૮૬૬ 16 an ounce, up from ૯૮ 6.5 an ounce and 6.15 an

(By commerce representative), Mumbai, Ta. 20 November 2020, Friday In the Mumbai Oilseeds market, cingulum oil prices rose today behind the manufacturing plants, while cottonseed oil prices continued to rise. Meanwhile, imported palm oil and soyoil prices fell sharply, while sunflower prices continued to rise, market sources said. Meanwhile, fresh demand in the Mumbai market was sluggish today and palm oil traded at barely 80 to 100 tonnes at hawala resell. Meanwhile, the Indian government had directed the importers to increase the dollar exchange rate from Rs 6.15 to Rs 2.50 and this has led to a modest increase in the effective import duty on various edible oils imported at home, market insiders said. Meanwhile, in the Mumbai spot market, the price of 10 kg of cingulum oil was quoted at Rs 1,200 today, while cottonseed oil was quiet at Rs 1,05. Meanwhile, producers were quoted at Rs 1,2 and Rs 1,150 to Rs 4,150 per 15 kg of cingulum oil, while cotton washed prices were quiet at R

Mumbai, Ta. 20 November 2020, Friday Despite opposition from Lakshmi Vilas Bank shareholders, the Reserve Bank will not back down from its plan to merge Lakshmi Vilas Bank with DBS India. Given the erosion of Lakshmi Vilas Bank's capital and the conversion of 9 per cent of total loans into bad loans, the RBI does not seem to have any other option at present, said a banking analyst. The RBI has decided to merge only after examining each of the options. Before placing Lakshmi Vilas Bank in the moratorium and announcing the merger proposal with DBS India, the Reserve Bank gave Lakshmi Vilas Bank's management enough time to come up with a proper plan but the bank management failed to find a way. Lakshmi Vilas Bank's equity investors have demanded a return on their share in the new company to be formed after the merger. Investors have threatened to go to court if they do not get even a small value for their investment. Another analyst said that considering the poor conditi

New delhi date. 20 November 2020, Friday Even after the corona epidemic weakens, India will continue to be the worst affected country in the world. India's situation will be worse by 202, according to a report by Oxford Economics. The pressure on companies' balance sheets, which was already rising in Corona, will worsen, the report said. India's economic growth rate is projected to be 6.50 per cent over the next five years, up from 2.50 per cent before the virus spread. Challenges such as strained corporate balance sheets, high NPAs of banks, failure of some NBFCs and weaknesses in the labor market, which were already hampering India's growth, will worsen. The long-term adverse effects of this will push India's growth rate even lower than the previous level of Koro. Despite India's negative economic growth rate, the Prime Minister has not hesitated to reiterate his target of building a પાંચ 5 trillion economy by 203. India's economy today is worth ૮ 2.5

Mumbai, Ta. 20 November 2020, Friday Bank account holders have been withdrawing an average of Rs 2,000 at a time from ATMs, which is the highest ever. In August this year, whenever account holders withdrew money from ATMs via debit card, the average withdrawal amount was Rs 6, according to RBI data. The cash-in-circulation figure was also at a record high of Rs 2.18 lakh crore in October. This figure is going to be 12% of GDP. In August, debit cards were transacted at ATMs and point of sales to the tune of Rs 3,6,8 crore. While the amount of cash withdrawals has increased by 10 per cent since November last year, the number of UPI payments has increased by 20 per cent to an average of Rs 150 during the same period. Withdrawals from ATMs had declined in the early days of the lockdown, but have now returned to pre-Covid-12 levels, RBI sources said. Despite the increase in digital payments during the Corona period in the country, the cash currency is still seen to be high. A large nu

Mumbai, Ta. 20 November 2020, Friday India's steel mills have announced a short-term price hike in the wake of rising demand. This is the second price hike by mills in the last three weeks, market sources said. Rising demand for steel is signaling a recovery in the country's economy. Steel mills have again hiked the prices of products by Rs 50 to Rs 1,000 per tonne. Earlier this month, steel mills had hiked the prices of hot rolled coils and cold rolled coils by Rs 1,000 to Rs 1,200 per tonne. Sources said the rise was mainly due to rising demand from the auto sector. The auto sector consumes high grade steel and the recent festive season has seen an improvement in auto demand. In addition, there is a demand for steel from the infrastructure sector. The price of hot rolled coil has gone up from around Rs 200 to Rs 2,000 per tonne while that of cold rolled coil has gone up to around Rs 2,000. The recovery in the auto and other steel-consuming industries is likely to see a

New Delhi, Friday 20 November 2020 A working group of the Reserve Bank of India has recommended raising the promoter holding of private banks from the current 15 per cent to 26 per cent in 15 years. The recommendation was made by a group of experts constituted by the central bank to amend the banking regulation law and strengthen the oversight system for the group to allow even large companies or industrial groups to become promoters of banks. The Reserve Bank formed an internal working group on June 12, 2020 to review guidelines and company structure owned by Indian private sector banks, the central bank group report released on Friday. Regarding the eligibility of promoters, the group said that large companies-industrial families could be allowed to become promoters of banks after the Banking Regulation Act, 1949 was amended to deal with the issue of interconnected debt and debt between banks and other financial and non-financial group units. The report also recommended that non

- was running at a tremendous economic loss Mumbai Dt. 20 November 2020 Friday Rumors were circulating in the market that Lakshmi Vilas Bank, another bank, was ready to go bankrupt at any moment. The 94-year-old bank has been running smoothly for 80 years. The bank's turmoil began in the last decade. The bank has changed its CEO five times in ten years. No CEO lasted more than two or three years. The second biggest problem was that the bank had approved more loans than its capacity. The bank has given loans to a number of medium-sized companies. Even if some of these companies went bankrupt, it would pose a serious problem for the bank. The bank has invested about one-sixth of the capital of private bank HDFC in the areas of power, real estate, infrastructure, construction, etc. There was no guarantee that the loan would be repaid. Yes Bank had earlier made such a mistake. However, Lakshmi Vilas Bank made the same mistake. In fact, there was a boom in all these sectors between

Mumbai, Ta. Thursday, November 19, 2020 The current financial year has seen a huge inflow of money into various small savings schemes in the country. This money has been diverted to small savings schemes as Corona has reduced people's unnecessary expenses. In the April-September period of the current financial year, Indians have invested about Rs 1 trillion in small savings schemes, which is 3 per cent more than the same period last year. Small savings schemes include National Savings Certificates, Kisan Vikas Patra, Sukanya Samrudhi Yojana, Post Office Deposits etc. The public provident fund also received Rs 30,000 crore in the April-September period, which is 3 per cent higher than the five-year average. In the first quarter of the current financial year, the country's economic growth rate has slowed to 9 per cent and is projected to remain at 10 per cent for the full year. Generally, small savings schemes are designed with the salaried and the peasantry in mind, but in

Mumbai, Ta. Thursday, November 19, 2020 According to a report, only one per cent of India's rated companies have shown interest in the one-time debt restructuring scheme, given the improving business mood and the phased recovery in the country's economy. In August this year, the Reserve Bank of India (RBI) announced a one-time debt restructuring scheme for companies under pressure due to Kovid-18. RBI to indicate the standards for this scheme. V. Kamath appointed the committee. According to a report prepared by Crisil, an analysis of eight companies other than its rated MSMEs found that 9 per cent did not want to take advantage of the restructuring scheme. Only one per cent of companies indicated they intended to take advantage of the restructuring. As per the norms laid down by the Kamath Committee, 5 per cent of these companies are eligible for the benefit of restructuring. The business sentiment in the country has been improving over the last one-two months and a huge

Mumbai, Ta. Thursday, November 19, 2020 In the first fortnight of November, power consumption in the country increased by 2.50 per cent to 20.12 billion units, indicating an improvement in economic activity. In the first fortnight of November last year, power consumption stood at 4.5 billion units, according to government data. In November last year, power consumption stood at 4.5 billion units. Thus, for the third consecutive month in November, there are indications that power consumption in the country will remain high. After a six-month period, the country's electricity consumption in September grew by 2.50 per cent year-on-year to 114.5 billion units. The increase was 12 per cent in October. The steady rise in power consumption in the first fortnight of November indicates an increase in commercial and industrial demand in the country, government sources said. The country has seen a three-month decline in power consumption since the lockdown was imposed in March. Slow reco

(By commercial representative) Mumbai, Ta. Thursday, November 19, 2020 Domestic gold and silver prices continued to decline on the back of global markets. Declining domestic demand after Diwali also weighed on prices. Corona vaccine was reported to be showing effective results and gold and silver were expected to decline in the hope of getting approval by the end of December. The domestic currency market saw mixed flows while crude oil was softening. In the local Mumbai market, the price of 10 grams of gold at Rs 8.50 excluding GST, which was Rs 305 yesterday, is now Rs 2017. The price of ten grams was closing at Rs 305 with Rs 305. Prices with GST were quoted three per cent higher. Silver. The price of a kilogram fell from Rs 205 to Rs 1100 to close at Rs 21,505. Prices with GST were quoted three per cent higher. Gold traded lower at ૮૬૨ 18 an ounce from 16 an ounce and silver at ૯૮ 4.5 an ounce. Platinum was trading at ૯૨૯ 6, up from 3, while palladium was trading at ૨૩ 215, dow

(Commercial Representative) Mumbai, Ta. Thursday, November 19, 2020 Foreign Investors - Foreign Portfolio Investors Continue Rising in Indian Stock Markets The attractiveness of further liberalization in the economy and the resumption of business activities along with attractive valuations have boosted the funds' investment in stocks, the Morningstar report said. Foreign portfolio investors posted a net inflow of 2.7 billion in the quarter ended June 2020, compared to a net inflow of ૬ 4.5 billion in the quarter ending March 2020. In addition to these inflows, the value of FPI investments in Indian stocks has also increased due to the huge net inflows in the quarter under review. Along with this, the performance of Indian stock markets has remained strong. FPI investments in Indian stocks stood at 50 billion in the quarter ended September 2020, up from ૩૪૪ 6 billion in the previous quarter. Which shows an increase of 21%. In addition, the share of foreign portfolio investors

(By commerce representative), Mumbai, Ta. Thursday, November 19, 2020 In the Mumbai oilseeds market, however, cingulum oil prices remained calm today, with cottonseed oil surging higher. Current prices of imported palm oil, soyoil and sunflower oil were higher on the back of global markets. Meanwhile, about two and a half thousand tonnes of imported palm oil was traded in the Mumbai market for late December delivery on Wednesday evening, with new trades scattering today, market sources said. Palm oil futures in Malaysia traded lower at 7 points in the evening after being bullish till noon today, while palm product prices fell by સા 7.5 to ત્યાં 7.5. Total palm oil exports from Malaysia are expected to fall by about 15 to 18 per cent in the first 30 days of November, according to global analysts. Meanwhile, total exports of various flours from the country rose by about 3 per cent in October, according to sources in The Solvent Extractors Association. Meanwhile, in the Mumbai spot m

(Gujarat News Correspondent) Mumbai, Ta. Thursday, November 19, 2020 The second-third wave of global corona transition has begun. With global cases of global lockdown taking place in the wake of growing cases in the US, Europe and Asia, local funds are backing a global boom in global markets. Index-based gaps fell as stocks outperformed their overbought positions. On the global front, trading in Indian stock markets started with a softening in the markets of Europe, America and Asia. Of course, the retreat started after the Sensex rose to a new high of 20 and the Nifty rose to a new high in a deceitful rally. Despite claims by vaccine research companies that corona vaccine research is yielding good results in various countries to prevent coronavirus infection, there is still a crisis of confidence in the matter and the US and European markets are softening today amid concerns that the vaccine may not be 100% successful. With the overbought position in Indian stock markets easing in s