Market and Business News

-Recently a 50 second video clip appeared -The last two had disappeared for three months Beijing Friday, January 22, 2021 Jack Mani, one of China's richest businessmen, has recently seen his company Alibaba's share price rise. Jack Ma, the founder of a world-famous company like Alibaba, has been missing for the past two to three months. He went missing after he criticized the Chinese government in October last year. International media have raised suspicions that the Chinese government has lost Jack Ma. The Chinese government may have eliminated them. As international media pressure mounted, a fifty-second video clip was recently released by Global Times in which Jack Ma was addressing teachers in rural areas. Jack Ma was heard saying that we would be able to meet face to face once Corona was destroyed. Be patient until then. This video clip suggests that Jack Ma is still alive and well Jack Manny's video clip rekindled Alibaba shareholders' enthusiasm. Shares of

Mumbai, Ta. Thursday, January 21, 2021 The BSE benchmark Sensex today set a new record. Today, for the first time in history, the Sensex has crossed 50,000. However, the Sensex has had to travel 35 years to reach here. At the same time, the wealth of investors in the stock market has reached around Rs 200 lakh crore. The Sensex crossed 1000 for the first time in 1990. The Sensex touched a new high on Thursday on buying by domestic and foreign investors. Reliance Industries, Financial and IT stocks, the country's most valuable companies, have been instrumental in crossing the 50,000 mark. The Sensex has gained 24,500 points in 208 days. When the Corona epidemic knocked on the door in late March last year, no one thought the Sensex would reach this point. On March 24, the Sensex (25,639) slipped to a 52-week low. But on Thursday it reached 50,126.73 points, up 95 per cent from the March 24 level. The boom will remain the same According to statistics, the Sensex's journey f

- Business around the world will benefit from Biden's move Washington / New Delhi Thursday, January 21, 2021 Economists believe Biden's arrival will breathe new life into the US economy and boost US trade with India in the long run. At present the situation is such that there is a surplus trade between India and the US. India exports more to the US. Biden's arrival is expected to boost trade between the two countries. However, there will be no major change overnight as the current economic situation in the US is not good and unemployment is high. But economists believe that Biden will create a stable and favorable economy for the United States that will benefit not only India but the world in the long run. The next president, Donald Trump, made some tentative business deals. Harley Davidson was adamant about some deals, such as import duty. In the same way, Trump has consistently cut H-1 visa policy through America First's own narrow and protectionist policy. The b

Mumbai, Ta. 20 January 2021, Wednesday The lockdown imposed by the Corona and the resulting economic downturn have hit the country's states through tax revenue. Due to the impact on revenue, the revenue deficit of the states is likely to quadruple in the current financial year. The overall gross fiscal deficit of the states will widen to an all-time high of Rs 2.50 trillion or Gross State Domestic Products, according to a Crisil report. With the recovery in the economy, there will be a phased increase in tax collection. The increase in interest expenses due to high debt burden is expected to keep the revenue deficit of the states high for the next two-three years. In the midst of the Corona epidemic, states have been forced to raise money from the market to meet revenue and infrastructure costs, which has led to an increase in their debt burden. There is no denying the possibility of increasing the credit risk of the states as a result of the increase in debt and expenses. Th

Expect a lighter flower budget Ahmedabad. 20 January 2021, Wednesday With the days of reckoning left for the 2021 budget, speculation about what the budget will look like has intensified. The Finance Minister has said that he will give a budget that people have not even clipped. Since then, the discussion on the concessions to be given in the budget has gained momentum. Each sector is looking at the potential benefits to itself. But the common man is thus plagued by menopause. The general public does not have any major turnover. His salary is due before the end of the month. A large part of his salary is spent on inflation. Every salaried middle class wants control over inflation. Kai can't save as the monthly budget of the middle class is getting chaotic due to rising inflation. Consideration has been given to considering in the budget the provision of stricter measures against aggregators as well as legislation for a fixed price range between wholesale and retail prices. The

(Gujarat News Office), Mumbai, Ta. 20 January 2021, Wednesday In the Mumbai jewelery market, gold prices rebounded today. Gold prices in the world market rose above ડો 150 an ounce. At home, however, the rupee appreciated by 12 paise to Rs 5.05 against the dollar in early trade as the stock market rebounded. Also in the global market, there was talk of a rise in fund holders in global gold as the dollar index depreciated against a basket of various currencies. Gold prices in the world market rose by more than Rs 150 to Rs 14 to Rs 15 in the late evening trade. On the back of gold, silver also rose from ૨ 6.30 to ૩ 6.31 to ૩ 7.31 in the evening trade. Behind the world market, precious metals were also rising due to rising import cost. The global dollar index, which recently rose to a four-week high. It has now come down. The possibility of a new government providing more stimuli in the US was being discussed in the world market. However, there were indications that the tax deduction

Ahmedabad. 20 January 2021, Wednesday In December, funds withdrew from equity mutual funds for the sixth consecutive month. According to Amphi's data, in the last six months, Rs. 5,000 crore has been withdrawn. According to data available with SEBI, foreign investors invested Rs. 2.5 crore was invested. Which is the second highest monthly investment. Along with this, mutual funds have raised Rs. 5,612.5 crore shares were sold. It may be mentioned here that mutual funds have been withdrawing their investments since June last year. From various schemes of the fund, a combined Rs. 1.05 lakh crore has been withdrawn. The funds have withdrawn their investments despite the market hitting a record high of more than 50 per cent from the March low. According to Fund Ind. Experts, the boom in the market has led to an increase in profit selling and portfolio rebalancing. This figure is lower due to the NFO of the funds during these six months. Because funds through NFOs have raised Rs. 2

Mumbai, Ta. 20 January 2021, Wednesday Private and foreign banks or lenders play a major role in providing loans to the auto industry in the country, followed by government banks providing loans to the auto sector. A look at the Credit Information Company's June 2020 report shows that private lenders accounted for 51.50 per cent of loans disbursed to auto and auto component companies, while foreign banks accounted for 2.50 per cent and state-owned banks for 15 per cent. Ranked. However, in terms of loan volume, state-owned banks accounted for 4 per cent. The impact of sluggish economic activity and regulatory changes on the auto industry in the pre-Corona period was exacerbated in the early days of the epidemic. In terms of asset quality, non-performing assets (NPAs) accounted for 4.5 per cent of total auto loans, the report said. Out of the total loans taken by the auto industry, 9 per cent were term loans, while 5 per cent were for working capital requirements and other type

(Gujarat News Office), Mumbai, Ta. 20 January 2021, Wednesday In the Mumbai oil-bean market, cingulum oil prices rose behind today while cottonseed oil prices continued to decline. Meanwhile, amid weakening global markets, prices of various imported edible oils continued to weaken in the Mumbai market today. In the Mumbai market, the price of imported palm oil fell below Rs 1,000 per 10 kg. New demand was slow. In Hawaii-resale, ready delivery was traded at Rs 81 to Rs 8, barely 50 to 100 tonnes. Palm oil futures fell to a new two-month low in world markets today. Total palm oil exports from Malaysia fell by about 31 to 5 per cent in the first 30 days of January. There, palm oil futures fell 3 to 4 points today. However, the price of palm products rose by ૫ 2.50 to ૦૦ 8.00 today. In the Mumbai spot market today, the price of 10 kg of cingulum oil was quoted at Rs 15 while the price of cottonseed oil was quoted at Rs 1,050. Were. In Mumbai market today, the price of imported palm o

(Gujarat News Correspondent) Mumbai, Ta. 20 January 2021, Wednesday Amid preparations for the Union Budget and the development of the corona vaccine, which is now gaining momentum around the world, the positive impact of the vaccination program has seen funds in Indian stock markets surge for the past two days, with the Sensex surging 1,200 points to a record high of 20,000. Funds stocks in recent days have been heavily offloaded by stocks two days ago by booking massive profits in stocks that seem to have turned the tide. But with some market analysts pointing out that the decline was a necessary correction before the budget, funds were quick to buy into the declining stocks. Foreign funds today rallied in IT, automobile stocks as well as consumer durables, capital goods-power stocks amid signs that various industries are getting incentives-reliefs in the central budget this time. Reliance Industries rallied, led by an aggressive rally in IT-software services stocks, and the Sensex

(Gujarat News Correspondent) Mumbai, Ta. 19 January 2021, Tuesday After a huge offloading of stocks in the Indian stock market in the last two days and a correction of 1000 points in the Sensex, today all of a sudden all-round turmoil in the stock market closed the Sensex 1 most gap. Index-based foreign portfolio investors, after hitting a record high for several days in a row, began to provide the necessary curantation for the long-term health of the market in the last fortnight after a one-sided storm gave the bears no chance. But in the last two days, a large gap in the market was expected to return to the boom. While some critics are speculating that the pre-budget health correction is now inevitable amidst the preparation of the central budget after a long boom in a row. Among the stocks today, funds led by banking-finance stocks, automobiles, capital goods, consumer durables, metal-mining, pharmaceuticals, select IT stocks, the Sensex jumped 3.04 points to close at 3.20 and the

(Gujarat News Office), Mumbai, Ta. 19 January 2021, Tuesday Prices of various domestic and imported edible oils continued to decline in the Mumbai oilseeds market today. The world market was down. News of domestic manufacturing establishments was also showing softness. As Corona's cases escalated in Malaysia, there were indications of a lockdown again. In the Mumbai spot market, the price of 10 kg of imported palm oil fell from Rs 1,015 to Rs 1,017 while crude palm oil CPO Kandla fell by Rs 4. Soyoil futures had a bearish circuit at one point today. In the futures market this evening, crude palm oil futures fell by Rs 21 to Rs 20 while soyoil futures fell by Rs 2 to Rs 105. In the castor futures market, prices were soft at Rs 6 to 7 this evening. Meanwhile, in the Mumbai spot market, soyoil digam was quoted at Rs 1,050 and refined at Rs 105 per 10 kg, while groundnut oil was quoted at Rs 1,200 to Rs 1,210, cottonseed oil at Rs 105 and mustard at Rs 15. The prices of cingulum o

Mumbai, Ta. 19 January 2021, Tuesday Domestic gold and silver improved on the back of the world market. Gold prices rose on signs that the new US president would announce even more stimuli. The rupee strengthened against the dollar in early trade. Crude oil also saw an improvement in prices. At home, gold in the Mumbai market rose by Rs 2.50 per ten grams, excluding GST, to Rs 5. Gold was trading at Rs 3,151, up from Rs 2.50. Prices with GST were three per cent higher. Silver. The price of one kg rose from Rs 5 to Rs 201. Prices with GST remained three per cent higher. In the Ahmedabad market, gold rose by Rs 200 to Rs 30,600 per ten grams at Rs 9.30 and Rs 21,000 per gram. Silver.2 The price of one kg rose by Rs 200 to Rs 200. World gold prices rose from ૮૩૩ 15 an ounce to ૮૪ 150 an ounce late in the evening. Silver traded higher at ૨૫ 2.50, up from 2.9, while platinum rose from ૭૯ 103 to ૧ 1,101. Palladium was quoted at ૨૩૯ 50 an ounce. In the United States, the new government

Mumbai, Ta. 19 January 2021, Tuesday Auto companies are likely to announce strong results in the third quarter of the current financial year, i.e. December, as a result of increase in sales volume of all segments in the auto industry and reduction in operating costs due to cost cutting measures. The recovery in the auto industry is being supported by a resurgence of previously outstanding demand and a surge in demand for personal vehicles and a sharp recovery in the rural economy. Sales of unloaded vehicles and tractors have maintained strong double-digit growth, which is expected to continue in the fourth quarter, according to a report by HDFC Securities. The auto sector is also expected to benefit as the country's economy recovers from the effects of the coronavirus. However, sharp rise in prices of commodities like steel, copper and aluminum in the December quarter could put pressure on auto companies' margins, an analyst said. Most auto companies have also modestly in

Mumbai, Ta. 19 January 2021, Tuesday The Indian government is considering raising import duties on about 50 items, including smartphones, electronic devices and appliances, in the next budget. Duties could be increased by five to ten per cent, finance ministry sources said. The increase is aimed at increasing the demand for home-made goods to make the Self-Reliance India program a success. The increase in duty will be a relief for the country's producers. The Finance Ministry expects the increase in revenue through import duties to increase between Rs 200 billion and Rs 303 billion in the exchequer. The increase in duties could affect sales of foreign furniture and cars. The sector has already demanded an increase in duties to protect the country's furniture industry. In addition, duties on imported ACs, freezers, etc. are also likely to increase. The budget for the financial year 2021-26 will be released on February 1. The budget is expected to cut the country's econ

Ahmedabad. 19 January 2021, Tuesday Counting days are now left for the budget. Ever since the finance minister said that a budget that no one could have imagined would come, people, especially in the markets, have been expecting a radical change. Kovid is expected to keep the government's hands tied, but the finance minister is looking more enthusiastic. During Kovid's time, the fortunes of many companies increased four to five times. The idea that the rich have become richer has prevailed. In these circumstances, it is believed that the government's focus will also be on digging into the pockets of the rich. According to one estimate, Finance Minister Kovid is considering a cess that will have a direct impact on those with more wealth. It is also considering imposing a vaccine tax to cover the cost of vaccines. Experts believe that the government will try to replenish the empty coffers by imposing a cess or surcharge. Possibility to accept CCT tax removal request The

Mumbai, Ta. 19 January 2021, Tuesday The rise in the stock market over the past few months has seen an increase in the amount of redemption by the company's promoters who had mortgaged their shares to raise funds. Of the 30 companies, most of which are mid- and small-caps, the promoters of eight companies sold their pledge shares in the December quarter, according to the data. Numerous promoters of the company were forced to raise money by pledging their shares during March-April last year due to money laundering during the lockdown imposed by Corona. In addition, the promoters, who had earlier mortgaged the shares to get money, were forced to pledge more shares. The promoters breathed a sigh of relief and released their pledge shares due to the steady rise in the stock market after May and the unprecedented rise in stock prices. In the September quarter of 2020, promoters pledged some of their estimated holdings of Rs 2 lakh crore, according to the data.

New Delhi, 19 January 2021 Tuesday After a two-day decline, the stock market opened higher on Tuesday, the second day of trading this week, and closed green after a day of volatility, with the Bombay Stock Exchange index rising 834.02 points, or 1.72 per cent, to 4939. The National Stock Exchange closed at 14,521.15, up 1.68 per cent from 239.85 points. Last week, the BSE 30-share index gained 252.16 points, or 0.51 per cent, while the National Stock Exchange's Nifty rose 86.45 points, or 0.60 per cent, ahead of the central budget. Investors are worried about their investments, as most analysts say If not here's a new product just for you! Giants that saw gains today included Tata Motors, Hindalco, Bajaj Finserv, and Bajaj Finance, while ITC, Tech Mahindra, Britannia and Mahindra & Mahindra closed higher. Looking at the sectoral index, all sectors closed in green today, including FMCG, PSU Bank, Pharma, Auto, IT, Media, Private Bank, Metal, Realty, and Financial Servic

- The bank put this information on its Twitter handle New Delhi Dated 19th January 2021 Tuesday Punjab National Bank's non-EVM ATM machines will not disburse money to account holders from February 1. From February 1, non-EVM ATMs will be applicable to both financial and non-financial transactions, according to information posted by the bank on its Twitter handle. The bank said in a Twitter handle that it had taken the decision to protect its account holders from ATM machine fraud. According to the bank, the decision was taken to protect account holders from fraud like clone cards. Most banks had earlier banned transactions with magnetic stripe debit cards following a Reserve Bank order. Such debit cards were replaced by debit cards with EMV chips. What is a non-EVM ATM machine? These are machines that do not hold the card until the transaction is completed. The card can be withdrawn from such machine after the account holder has inserted the card and read it. Such cards can

(Gujarat News Office), Mumbai, Ta. 18 January 2021, Monday In the Mumbai oilseeds market, prices of various domestic and imported edible oils continued to soften today. New demand was slow. World market news, however, showed signs of improvement. The weather was dull at home manufacturing plants. In the Mumbai spot market, about 50 to 100 tonnes of imported palm oil was traded at Rs 105 to Rs 1,050 per 10 kg in hawala-resale ready delivery today. Meanwhile, palm oil futures in Malaysia today rose by 3 to 4 points again after digesting the shock. In addition, there was news of a rise in the price of palm products from ૭ 2.50 to ૧૦ 10 today. In Malaysia, the total production of palm oil in the first 15 days of January fell by about 3 to 4 per cent. The epicenter was reported below the Pacific Ocean floor, however; no tsunami alert was issued. The epicenter was reported below the Pacific Ocean floor, however; no tsunami alert was issued. Meanwhile, news of agricultural markets in the