Market and Business News

Lithium is a lightweight, silvery-white metal in the alkali metal group of the periodic table that stores energy in the batteries used to power our electronic devices. The importance of lithium has increased due to the development of electric vehicles and renewable energy (non-renewable energy) sectors. The fields that currently use lithium are: Butteryth Lithium-ion batteries are one of the most significant modern applications. They are used as a source of energy in a wide range of electronic devices, from smartphones to electric vehicles, due to their energy density and durability. Lithium compounds are used in psychiatric medications, particularly for the treatment of bipolar disorder. Lithium carbonate is a commonly used medication to stabilize mood and prevent manic episodes. Industrial Applications Lithium is used in the production of a variety of industrial goods, including ceramics, glass, and aluminum. It is also used in lubricants and greases. The nuclear industry uses lit

Software and Technology.. Software as a Service (SAS) and cloud base software delivery models were widely used in applications on the Internet. Microsoft, Google, Adobe led to the demand for cloud based solutions. Because of this, the demand for cloud base technology has increased and the business of this sector can reach 232 billion dollars by 2024. Global Tourism.. After getting rid of Kovid, people were ready to travel. Tourists from many travel destinations started to emerge. In 2023, the global tourism industry reached 2.3 trillion dollars. Its annual growth was 13.9 percent. When Corona struck, the income of global tourism decreased by 40 percent. Now that the fear of Corona is gone, people have gone out and people prefer Singapore and Greece. Renewable Energy Carbon reduction campaigns are underway in the world. Renewable energy is becoming an excellent solution for that. The companies which are involved in solar power, wind power, battery technology etc. have created a de

GST collection recorded all-time high in April Since the introduction of the Goods and Services Tax (GST) system in the country in 2017, the year 2023 has been encouraging for the Finance Ministry in terms of GST collection. In April of the year ending, the Centre's GST revenue was at an all-time high of Rs 1,87,035 crore. In October this year, the GST collection stood at Rs 1,72,003 crore, which is the second highest figure so far. The average monthly collection of GST in the first eight months of 2023 has been Rs 1.66 lakh crore, which is 11 percent higher than the same period last year. The increase in revenue through GST is coming as a big relief for the Centre. Increase in consumer demand due to fall in inflation has also been a reason for high GST collection in the current year. Over 150 percent return in Bitcoin in a single year following the surge Bitcoin, the major cryptocurrency seen as an emerging asset class, has provided investors with a return of over 150 percent

While the world has been going through a period of uncertainty, and the year 2023 is leaving with many economic, geopolitical challenges, this year has turned out to be a historic high return year with many records for Indian investors. In stocks, on the one hand, companies have raised billions of rupees with the trend of IPOs in the primary market, on the other hand, new histories have been created due to massive capital inflows from domestic institutional investors and finally foreign portfolio investors in the secondary market. The Sensex hit a new all-time high of 71913.07 and the Nifty 50 spot index hit a new high of 21593. A record wealth of Rs.77 lakh crore has been created in the year 2023 in the wealth of shareholders-investors in companies listed in the Indian stock markets. That is, the aggregate market capitalization of BSE listed companies which was Rs.282.38 lakh crore as on December 30, 2022 touched a new high of Rs.359.11 lakh crore with a record increase of Rs.76.73

Paytm Layoffs: Paytm's parent company One97 Communications has decided to lay off employees to optimize operations and reduce employee costs by 15 percent. Companies have laid off hundreds of their employees. According to reports, more than 1,000 employees have been fired from various Paytm divisions. As part of the layoffs over the past few months, departments like payments, credit, operations and sales have been affected. According to reports, around ten percent of the company's total workforce has been affected by layoffs. AI has lost so many people's jobs While a Paytm spokesperson disagreed on the layoffs, he confirmed that changes are being made. The target is to reduce personnel costs by 10-15 percent in the current financial year, the source said. Hence Paytm plans to use AI to reduce employee costs.

Crude Oil Import: India's initiative to pay for crude oil imports in rupees has not met with much success so far. While giving this information to the Standing Committee of the Parliament, the Petroleum Ministry said that the suppliers have raised concerns about the repatriation cost of the funds. Under international trade tradition, the prevailing currency for payment of all contracts for the import of crude oil is the US dollar. However, RBI allowed import and export in rupees on 11 July 2022 to internationalize the Indian rupee. Under which there has been success in non-oil trade with some countries. But crude oil exporters are moving away from the rupee. Payment for import of crude oil is not in rupees The Parliamentary Committee related to the Ministry of Petroleum has said in this regard that during the financial year 2022-23, the public petroleum company has not made any payment for the import of crude oil in Indian rupees. Crude oil supplying countries have expressed co

Looking back at the farewell of 2023, the light of the boom came to pierce the darkness of the beginning of 2023 and due to this the name of India has started to shine in the world of economic sector. Foreign investments have breathed new life into many sectors of India. Efforts in electronics, auto mobiles and semiconductor manufacturing have made India's boom on the global stage. The rich countries of the world believed that in 2023, India will be stuck in recession and the Russia-Ukraine war will cause oil prices to rise in such a way that the economic system of India will collapse, economic experts said. Everyone was shocked by India's rapid progress The rating agencies of the world were also painting India's economic picture negatively but everyone was surprised by India's slow progress. After seeing India's economic boom, the world's reputed rating agencies started showing India positively. Due to which the global economic upheaval had a positive impact

Paytm Layoffs: Paytm's parent company One97 Communications has decided to lay off employees to optimize operations and reduce employee costs by 15 percent. Companies have laid off hundreds of their employees. According to reports, more than 1,000 employees have been fired from various Paytm divisions. As part of the layoffs over the past few months, departments like payments, credit, operations and sales have been affected. According to reports, around ten percent of the company's total workforce has been affected by layoffs. AI has lost so many people's jobs While a Paytm spokesperson disagreed on the layoffs, he confirmed that changes are being made. The target is to reduce personnel costs by 10-15 percent in the current financial year, the source said. Hence Paytm plans to use AI to reduce employee costs.

MUMBAI: India's efforts to internationalize the rupee do not seem likely to succeed in the near future, with most exporters refusing to accept payments for Indian crude oil purchases in rupees. In the financial year 2022-23, not a single crude oil import bill payment was possible in rupees. However, in the current financial year, it was stated that a few payments were made in Rs. As the financial transactions of crude oil deals are generally done in dollars, crude oil exporters are insisting on payment in dollars. Crude oil exporting countries are also saying that accepting payments in rupees is proving expensive. In July of last year, the Reserve Bank allowed importers-exporters of the country to do international transactions in rupees. In the current year, the first payment for oil import from UAE has been made possible in Rs. Some payments from Russia were also made possible in Rs. Some exporting countries are dealing in rupees for exports of products other than crude oil, b

MUMBAI: India's efforts to internationalize the rupee do not seem likely to succeed in the near future, with most exporters refusing to accept payments for Indian crude oil purchases in rupees. In the financial year 2022-23, not a single crude oil import bill payment was possible in rupees. However, in the current financial year, it was stated that a few payments were made in Rs. As the financial transactions of crude oil deals are generally done in dollars, crude oil exporters are insisting on payment in dollars. Crude oil exporting countries are also saying that accepting payments in rupees is proving expensive. In July of last year, the Reserve Bank allowed importers-exporters of the country to do international transactions in rupees. In the current year, the first payment for oil import from UAE has been made possible in Rs. Some payments from Russia were also made possible in Rs. Some exporting countries are dealing in rupees for exports of products other than crude oil, b

Ahmedabad: Almost any government project in India is completed on time. Otherwise, one will surely be surprised if the government projects are completed on time. According to November figures, the cost of 421 infrastructure sector projects involving an investment of more than 150 crores across the country is Rs. 4.40 lakh crore has increased. According to the report of the Ministry of Statistics and Program Implementation under its supervision Rs. Out of 1831 infrastructure sector projects with an investment of Rs 150 crore and above, 421 projects have cost overruns while 845 projects are delayed. According to the latest monthly report of the Ministry, the total original cost of 1831 projects under monitoring is Rs. 25,10,577.59 crores but the estimated cost of their completion was Rs. 29,50,997.33 crores. This figure is in the total cost of Rs. 4,40,419.74 crores that is an increase of 17.54 percent.' The report said that the expenditure on these projects till November 2023 wa

Mumbai: The value of the top 10 companies with the highest market capitalization in India has increased by Rs.79312.7 crore in the last week. Among all these companies, Reliance Industries has been at the top. Among the top 10 companies, the market cap of Reliance Industries, HDFC Bank and Hindustan Unilever has increased the most. While the market cap of Tata Consultancy Services (TCS), ICICI Bank, Infosys, State Bank of India, ITC, Bharti Airtel and Life Insurance Corporation of India has decreased by Rs.68783.2 crore. In the last week, the BSE Sensex made a record high and finally fell by 376.79 points or 0.52 percent. The market valuation of Reliance Industries increased by Rs.47,021.59 crore to Rs.17,35,194.85 crore in the week. The market cap of Hindustan Unilever has increased by Rs.12,241.37 crore to Rs.6,05,043.25 crore. The valuation of HDFC Bank has increased by Rs.11,049.74 crore to Rs.12,68,143.20 crore. While the market capitalization of ICICI Bank has decreased by Rs.

Mumbai: The value of the top 10 companies with the highest market capitalization in India has increased by Rs.79312.7 crore in the last week. Among all these companies, Reliance Industries has been at the top. Among the top 10 companies, the market cap of Reliance Industries, HDFC Bank and Hindustan Unilever has increased the most. While the market cap of Tata Consultancy Services (TCS), ICICI Bank, Infosys, State Bank of India, ITC, Bharti Airtel and Life Insurance Corporation of India has decreased by Rs.68783.2 crore. In the last week, the BSE Sensex made a record high and finally fell by 376.79 points or 0.52 percent. The market valuation of Reliance Industries increased by Rs.47,021.59 crore to Rs.17,35,194.85 crore in the week. The market cap of Hindustan Unilever has increased by Rs.12,241.37 crore to Rs.6,05,043.25 crore. The valuation of HDFC Bank has increased by Rs.11,049.74 crore to Rs.12,68,143.20 crore. While the market capitalization of ICICI Bank has decreased by Rs.

Mumbai: After the steps taken by the Reserve Bank in July 2022 to increase flows in Non-Resident Indians (NRI) accounts, an increase in NRIS deposits is being seen. Amid global geopolitical turmoil, NRIs seem to be finding it safer to keep money in India. Money inflows into Non-Resident Indians (NRIs) deposits doubled year-on-year to $6.11 billion in the April-October period of the current year from $3.05 billion in the same period last year. Apart from this, there has been an inflow of 2.06 billion dollars in Foreign Currency Non-Resident (FCNR) which was an outflow of 81.40 million dollars in this period last year. In July last year, the Reserve Bank relaxed the interest rate cap for FCNR (B) and NRE deposits. The Reserve Bank is continuously taking steps to increase the flow of dollars in the country. As a result of relatively high interest rates, non-resident Indians are attracted to domestic debt instruments, an expert said. As against three to three and a half percent retur

Mumbai: After the steps taken by the Reserve Bank in July 2022 to increase flows in Non-Resident Indians (NRI) accounts, an increase in NRIS deposits is being seen. Amid global geopolitical turmoil, NRIs seem to be finding it safer to keep money in India. Money inflows into Non-Resident Indians (NRIs) deposits doubled year-on-year to $6.11 billion in the April-October period of the current year from $3.05 billion in the same period last year. Apart from this, there has been an inflow of 2.06 billion dollars in Foreign Currency Non-Resident (FCNR) which was an outflow of 81.40 million dollars in this period last year. In July last year, the Reserve Bank relaxed the interest rate cap for FCNR (B) and NRE deposits. The Reserve Bank is continuously taking steps to increase the flow of dollars in the country. As a result of relatively high interest rates, non-resident Indians are attracted to domestic debt instruments, an expert said. As against three to three and a half percent retur

Ahmedabad: India's domestic crude steel production rose by 11.4 percent to 11.7 million tonnes in November 2023, the World Steel Association has said in a statement. According to the latest report of World Steel, the country's steel production from January to November has been 12.82 million tonnes with an annual increase of 12.1 percent. World Steel said global steel production stood at 14.55 million tonnes in November, up 3.3 percent from the same month last year. has happened Steel production in China rose 0.4 percent year-on-year to 7.61 million tonnes in November. It has shown an annual growth of 1.5 percent with steel production of 95.21 crore tonnes from January to November. Japan's steel production fell by 0.9 per cent to 71 lakh tonnes in November and January-November production fell by 2.8 per cent to 8 crore tonnes, while the US produced 7.39 crore tonnes of steel during the year out of which it was 66 lakh tonnes in November.

Good bye 2023 | Farewell to 2023 If we look back, the light of boom came to pierce the darkness of the beginning of 2023 and due to this the name of India has started to shine in the world of economic sector. Foreign investments have breathed new life into many sectors of India. Efforts in electronics, auto mobiles and semiconductor manufacturing have made India's boom on the global stage. The rich countries of the world believed that in 2023 India would be stuck in recession and the Russia-Ukraine war would cause oil prices to soar, economic experts said that India's economic system would collapse. The rating agencies of the world were also painting India's economic picture negatively but everyone was surprised by India's slow progress. After seeing India's economic boom, the world's reputed rating agencies started showing India positively. Due to which the global economic upheaval had a positive impact on India. India was on the brink of slipping into reces

With the farewell of 2023, the arrival of 2024 is now very close. So we bring you how the business sector 2023 fared for India. Along with this we also know which business sectors had the highest profit in India in 2023. So let's find out... Software and Technology.. Software as a Service (SAS) and cloud base software delivery models were widely used in applications on the Internet. Microsoft, Google, Adobe led to the demand for cloud based solutions. Because of this, the demand for cloud base technology has increased and the business of this sector can reach 232 billion dollars by 2024. Global Tourism.. After getting rid of Kovid, people were ready to travel. Tourists from many travel destinations started to emerge. Global tourism industry to reach $2.3 trillion in 2023 Its annual growth was 13.9 percent. When Corona struck, the income of global tourism decreased by 40 percent. Now that the fear of Corona has gone, people have gone out and people prefer Singapore and Greece.

India rejected the IMF's debt figures : The International Monetary Fund i.e. IMF has declared an alert regarding the rising debt of India. The International Monetary Fund said in its annual report that this debt poses a long-term risk to India. The total debt of the country has increased to more than 205 lakh crores. In March 2023, the total debt of the country was 200 lakh crore rupees. That means the debt has increased by five lakh crore rupees in the last 6 months. The International Monetary Fund has said in its annual report that if the Indian government continues to borrow at this rate, the debt could reach 100 percent of the total GDP. On the other hand, disagreeing with the International Monetary Fund's warning, the Indian government said that most of the debt is in Indian rupees, so there is no problem. The Government of India countered with the facts showing disagreement The Government of India has also put forward some facts showing disagreement on the report of t

- The Conundrum of Economics - Dhawal Mehta - Every new discovery has a favorable factor along with a negative aspect The Age of Artificial Intelligence Will Make Human Life Richer and Longer You Radio, T.V. Telephone, cooking gas, electric light, refrigerator, railway and air travel, bike, car and AC. Imagine life without it? Tammar would arrive but each of these inventions was initially opposed. Every new invention terrifies mankind and there is a lot of discussion about the dangers of this invention before it is implemented. When cooking gas was invented and introduced to India, most people believed that cooking gas cylinders would burst repeatedly and many people would die. It happens but it happens very rarely. When the motorcar was invented, there was a fear that its speed was so high that millions of people would die under the motorcar or truck. The same was thought in the case of trains. When the railway train entered India, coconuts were broken in front of the railway engin