Market and Business News

(Gujarat News Correspondent) MUMBAI: With the US Federal Reserve signaling last week that stimulus will be braked and China's tightening of regulations to curb exports, the corona delta transition has again come to a head in the US and European countries. Geopolitical tensions have resulted in the expected crash in Indian stock markets along with global markets. The funds have made a splash in the last few days of the week after the Sensex hit a new high of 7,000 last week and the Nifty touched a new high of 1,200. Of course, the fund Sensex has managed to sustain the Nifty-based market without any major downtrens, ending a long-running rally in small, mid-cap and cash-cash segment stocks. Extensive offloading has yet to begin, as this is the beginning of the end of the boom in small, mid-cap stocks. Even though many stocks are not yet fundamental, there is a possibility of large gaps in the prices of the extraordinarily high stocks. So the advice here is not to rush to buy stocks

(Gujarat News Office) MUMBAI: New demand in the Mumbai oilseeds market was sluggish today before the Rakshabandhan. Trades were scattered. Edible oil prices were sluggish. The government's reduction in import duty on soyoil and sunflower oil before the festivals was also having an impact on market prices. World market news was also showing softness. Soybean oil prices fell more than 200 points in overnight trade in the US agricultural markets. Soybean prices fell by 3 to 4 points and soymeal prices by 150 points. Prices have plummeted as there has been talk of reducing blending in biofuels. Market analysts today said that palm oil prices are likely to open lower in Malaysia on Monday after the US collapse. Meanwhile, in the Mumbai spot market, the price of 10 kg of cingulum oil was trading at Rs 150 today, while the price of cottonseed oil was trading at Rs 1,205 amid a slowdown. Mustard oil was priced at Rs 150 and refined at Rs 1,200. Producers, meanwhile, were quoted at Rs 1,

(Gujarat News Office) MUMBAI: The bullion market in the Mumbai jewelery market was officially closed today due to Saturday. However, gold and silver prices declined in the closed market, market sources said. World market news was also showing a sell-off. Gold prices in the world market fell by 15 to ૭૮૬ 16 an ounce from ૭૮ 161 to ૭૮૨ 16 last weekend. On the back of gold, global silver also fell by 4.5 to ૨૩ 6.5 an ounce, topping 8.05 to ૩ 2.05. Gold prices also came under pressure in the Mumbai market on the eve of the Rakshabandhan festival as the import cost fell in the Mumbai market. In the Mumbai market, gold was trading at a lower price of Rs 8.15 per liter, excluding GST, at Rs 8,050, while at Rs 7.50, it was trading at Rs 30, up by Rs 5, while prices with GST were three per cent higher. In the Mumbai market today, silver was trading at Rs 2,000 per kg excluding GST. While prices with GST were three per cent higher than this. Unemployment claims in the US have dropped to a 15

MUMBAI: The second wave of Corona has seen a sharp rise in imports of devices such as desktops, tablets and laptops as the country has been forced to close educational institutions and offices for a long time. According to the International Data Corporation, imports of these devices have increased by 5 to 20 per cent in the June quarter of this year. Statistics show that a total of 3 lakh personal computers (desktops, tablets and laptops) were imported in the June quarter. Due to the work-from-home and home-based learning method, at least one of the above-mentioned devices has become almost mandatory in every household in the country, sources in the corporation said. India is currently becoming a major market for manufacturers of these tools. Dealers of these equipments are also increasing stocks to meet any increase in demand. In the case of the third wave, if schools, colleges and offices remain closed for a long time, the demand for PCs is expected to increase sharply.

Mumbai: Under the loan reconstruction scheme announced by the Reserve Bank, banks have reclaimed loans worth a total of Rs 2,000 crore. The first loan recast scheme in 2020 saw a loan recall of more than Rs 1 trillion, compared to the low number of restructured loans in recall scheme-2. Looking at the two recast schemes combined, retail and micro, small and medium enterprises appear to have the highest number of loan recalls, according to a report by Care Ratings. The second wave of Corona disrupted economic activity in the country and re-created uncertainty in the economy. In May this year, the Reserve Bank announced a loan restructuring scheme to provide relief to retail borrowers and small business houses. Most of the restructuring has been done by a public sector bank. Most of the loans were restructured in the June quarter. Even in the current quarter, some loans are likely to be restructured.

Mumbai: Jewelers across the country will go on a one-day strike on August 8 against the impractical implementation of the Hallmark Unique Identification Number along with the mandatory hallmarking of gold jewelery. The strike was supported by 30 organizations and federations across the country, sources in the All India Gem and Jewelery Domestic Council said. Mandatory gold hallmarking has been implemented in the country in phases from June 15. In the first phase, this decision has been implemented in 6 states and 6 districts of Union Territories. Implementing a hallmark unique identification number is impractical. The government is only holding meetings by forming committees on the issue but is not taking a definite decision, council sources said. The government is passing the time. Jewelers will not accept the new Hallmark Unique Identification Number because it has nothing to do with the purity of the gold. Numbering is a time consuming method and given the current speed and numb

New Delhi, Saturday 21 August 2021 SEBI has blocked the IPO (Initial Public Offer) of well-known businessman Gaitam Adani's company Adani Wilmer. Adani Wilmer, a maker of Fortune-brand edible oil and footwear, was to launch an IPO worth Rs 200 crore. However, an investigation against Adani Enterprises, the parent company of the Adani Group, has resulted in the suspension of its IPO. According to the policy of market controller SEBI (Securities and Exchange Board of India), an IPO cannot be approved for 90 days if any section of the company seeking an IPO is under investigation. Even then it can be avoided for up to 3 days. Adani Wilmer is a joint venture between the Adani Group and Wilmer, a Singapore-based company founded in the 19th century. If the company's IPO plan is successful, it will become the seventh Adani Group company to be listed on the stock exchange. Earlier, companies listed in the Adani Group market included Adani Enterprises, Adani Ports and Special Econ

(Gujarat News Correspondent) MUMBAI: On the international front, the US Federal Reserve will put a brake on stimulus amid fears of escalating tensions in Afghanistan after the coup d'etat in Afghanistan and the resurgence of geopolitical tensions as well as Coro's transition to US and European countries. Amid such signals and reports that China has tightened technology regulations and imposed restrictions on exports, global markets rallied today, sending Indian stock markets into a tailspin. Funds sold all-round in stocks today, signaling worries that Afghanistan could face major economic challenges in the coming days as the monsoon progress slows in some parts of the country, with fears of a third wave still looming despite the Coro transition in India currently under control. Funds on Tuesday slammed metal-mining stocks behind Tata Steel amid speculation that special steel and metal companies would be hit hard by exports from Afghanistan and global Aryan ore prices. The meta

MUMBAI: The metal index plunged 18 points in early trade on the back of various unfavorable reports, with the stock market plunged sharply today. With geopolitical tensions over Afghanistan, the US signaled a halt to stimulus and on the other hand, increasing regulation in China, amid speculation of a negative impact on the global economy, the possibility of a decline in demand for steel, including metals. As a result, the BSE Metal Index fell by 12.5 points to close at 12.5. NMDC fell by Rs 19.5 to Rs 151.05, Vedanta by Rs 2.50 to Rs 4.5, Tata Steel by Rs 19.05 to Rs 19.50, Jindal Steel by Rs 21.5 to Rs. 2.50, Sail fell by Rs. 2.50 to Rs. 30 fell to Rs. 206.05, Coal India fell by Rs. 6 to Rs. 13.5, APL Apollo fell by Rs. 20.50 to Rs.

MUMBAI: The BSE Bankex Index fell 4.5 points to close at 7.5 today as funds hammered into banking-finance stocks at the Bombay Stock Exchange. Today, Federal Bank fell by Rs 4.5 to Rs 4.5, State Bank of India by Rs 19.50 to Rs 205.5, AU Small Finance Bank by Rs 4.5 to Rs 1,205, Kotak Mahindra Bank by Rs. Citi Union Bank was down by Rs 5 to Rs 19, Axis Bank was down by Rs 12.5 to Rs 5 and IndusInd Bank was down by Rs 10.05 to Rs 4.55. Along with this, Ujjivan Small fell by Rs 4.5 to Rs 19.50, Ujjivan Financial fell by Rs 2.10 to Rs 19.50, Indiabulls Housing Finance fell by Rs 13.5 to Rs 5, IDFC First Bank fell by Rs. 30 fell to Rs 21.5, Religare Enterprises fell by Rs 4.5 to Rs 12.5, Bank of Baroda fell by Rs 2.50 to Rs 2.15, UTI AMC fell by Rs 5 to Rs 109.50, Bank Of India fell by Rs 4.5 to close at Rs 3.15.

(Gujarat News Office) MUMBAI: The Mumbai Oilseeds market today witnessed a decline in prices of various imported edible oils. During the festive season, there were reports that the central government had reduced import duties on soybean oil and sunflower oil. And its effect was visible on the market price today. However, there were indications that lower import duties in India would push up prices in the world market. Soybean oil prices in the US agricultural markets this evening were projected to rise by 30 to 31 points in the projection. Meanwhile, in the Mumbai spot market today, the price of 10 kg of soyoil fell to Rs. 150 and Rs. 150 while the price of sunflower fell to Rs. 150 and Rs. 120 remained. Imported palm oil prices fall to Rs. 16 were living. There was a new demand for palm oil and Rs. Scattered trades took place between 190 and 19. Crude Palm Oil CPO Kandla Price Rs. 1,200 while in the futures market this evening, the CPO September price was Rs. Soyoil's September

(Gujarat News Office) MUMBAI: The dollar rose against the rupee in early trade today. The fall in the stock market had an impact on the rupee. Dollar price Rs. 4.5 this morning at Rs. 4.5 After opening, the lower price is Rs. 7.5 and higher at Rs. 2.5 to Rs. It was closing at 7.5. The rupee had weakened against the dollar by 15 paise today. In the global market, the dollar's index against various currencies, which is 7.5, today fell to Rs. 6.91 and the high was 7.5 to 7.5. The dollar index was up 0.05 per cent today. Unemployment claims in the United States have been declining, with news of a job market rally and the dollar's rise in global markets today. This also had an impact on the domestic currency market, market sources said. Meanwhile, the British pound saw a retreat in the Mumbai currency market today as the dollar appreciated. The value of the British pound is Rs. 101.5 with an initial start of Rs. 101.50 open high price Rs. After 101.5, Rs. 101.5 to Rs. It was clo

(Gujarat News Office) MUMBAI: The pre-festive mood in the Mumbai jewelery market today saw a decline in prices. World market news was showing the sale of funds. Even at home behind the world market, the import cost remained under pressure. Gold prices were trading at ૭૮૪ 15-16 an ounce in global trade today. There was talk of rising selling of funds in global gold as the dollar index rose against various major currencies. Silver in global markets traded lower at ૩૬ 4.5 to ૩૭ 7.5 an ounce, down from ૨ 4.51 to ૨૨ 7.5 an ounce today. In Ahmedabad jewelery market, gold price today touched Rs. 200 fell to Rs. 500 and Rs. 200 remained. While Ahmedabad silver price today is Rs. 500 decreased to Rs. 200 were spoken. Meanwhile, platinum prices in the world market today were reported to be hovering around ૯૬૭ 5 to ૯૬૮ 6 an ounce, though rising to ૯૮૩ 4 to 4. Palladium prices were reported at ૨૩૩૨ 5 to ૨૩૩૩ 8 an ounce, but further declines were reported at ૨૩ 501 to ૨ 705. Copper prices in the

Mumbai: In 2021, Indian startups have so far received ૬ 16.50 billion in venture capital (VC) funding. India is the second largest venture capital funder in the Asia-Pacific region after China. A third wave of Corona is approaching and despite the slowdown in economic recovery, venture capital investors continue to trust Indian startups, a report said. In the current calendar year, India is the second largest Asia-Pacific country after China in terms of January-July, while startups have seen large venture capital funding. In the first seven months of 2021, a total of nine VC funding agreements have been announced, with a total investment value of 16.50 billion. Some world markets saw a decline in VC funding in July, while India saw an increase. India has now become a digital first economy due to the increase in mobile usage and affordable internet service. Because of this, start-ups in the technology sector are benefiting the most from VC funding. India is the third largest countr

MUMBAI: Amid the Corona epidemic and the economic crisis, the Indian stock market continues to reach new heights with unprecedented historic gains, though all-time highs have raised fears of a major correction in the market. Now, analysts at Bank of America Merrill Lynch have also warned of a near-term correction in the Indian equity market. “Our analysis of past market rallies suggests that there is limited room for the current boom to move forward,” said Merrill Lynch analysts. We are looking at the possibility of cutting estimates. Due to the high valuation, the Nifty is likely to see an 8% correction in the near term with a target of 15,000. Speculation of tampering by the US Federal Reserve, possibly higher US bond yields and greenbacks, lower earnings per share estimates, cheaper listings of recent IPOs could act as a negative trigger to dampen investor sentiment. A modest gain of about 3 weeks gives an average return of 105%. After such a rally, the market usually undergoes

MUMBAI: The improvement in the balance sheets of the country's companies after the first wave of Corona has subsided is now slowing down, according to an analysis of companies' results for the first quarter of the current financial year. Compared to the first quarter of the last financial year, the results of the companies in this period of the current financial year may have been good, but compared to the March quarter, the results of the June quarter are weak. According to a research conducted by a research firm of six of the companies listed on the country's stock exchanges, the net sales of these companies increased by 3% year-on-year in the June quarter but declined by 2.50% on a quarterly basis. The companies' net profit has quadrupled on an annual basis, while it has declined by 12.50 per cent on a quarterly basis. In the first quarter of last financial year, the combined net profit of the six companies under analysis stood at Rs 30 crore as against Rs 1.50

Islamabad, Friday 20 August 2021 Aiding the Taliban has hit Pakistan's economy hard, according to the country's leading newspaper Dawn. Foreign direct investment in Pakistan has been steadily declining for the past several years. . According to data from the State Bank of Pakistan, FDI in Pakistan has been steadily declining for the past four years. Statistics show that Pakistan's FDI stock in 2016 was 41 41.9 billion, which dropped sharply to .6 35.6 billion in 2020, a Pakistani newspaper said. Can be seen, and FDI may decrease. In addition, Pakistan is facing a trade deficit, which stood at 3. 3.058 billion in July.

MUMBAI: Fertilizer sales declined by 11 per cent in the first four months of FY 2021-2 and are expected to be lower than last year for the entire year, a report said. In the first four months of the current financial year, fertilizer sales declined by 11 per cent year-on-year, according to the report. In the first six months of the last financial year, sales grew at a strong 18 per cent year-on-year due to panic among farmers during the Koro epidemic. The current modest decline should be understood in light of this broad base effect. "Fertilizer sales have declined in the first six months of the financial year 2021," said an official with ratings agency ICRA. This is because of the use of old manure by the farmers. The planting rate in the current kharif season has been lower than last year and the use of fertilizer is also expected to remain stable. He added that the availability of fertilizer for the current kharif season has been adequate and the government is making m

(Gujarat News Correspondent) MUMBAI: Indian stock markets closed on Thursday on the eve of Mahoram. But in the global markets today many negative factors, the news today-Thursday was a universal crash. Amid the current turmoil after the Taliban seized power in Afghanistan, all bilateral trade with India was halted by the Taliban and the rise in terrorism in India was expected to hit India today. At the time of writing this evening, it was declining by 5 points to close at 12. Due to which, with the opening of the market tomorrow-Friday, there was a flurry of talk. With stock markets closing in India today on the eve of Mahoram, concerns over global commodities, stock markets and the geopolitical situation have raised major concerns. Is. US will reduce stimulus: gaps in European markets: Hang Seng down 30 points On the international front, the US Federal Reserve has signaled in minutes that the Federal Reserve will now reduce stimulus, and China has tightened controls on technology