Market and Business News

- Foreign investors will be taking massive interest in the fields like GenAI, EV, Fintech etc. in India Indian equity benchmarks performed well in 2023, reaching unprecedented highs. Financial experts say that in 2024, more interest from foreign investors will be seen in tech innovation and artificial intelligence, healthcare and insurance, fintech, renewable energy and climate tech, electric vehicles and automobiles. All these sectors remain on track for continued success in 2023. Because policies related to foreign direct investment have been liberalized and manufacturing-related incentive schemes have been expanded in recent years. India's digital economy will continue to attract foreign investors because of the demand for technology-based solutions to transform people's lives, governance and enterprise operations. The rapidly growing demand for online products and services reflects India's growing spending power in non-metro cities. The government estimates that by

- Find ways to compromise autonomy - Opinion-P.Chidambaram - India is independent with certain provisions of the Constitution which indicate the breadth of independence - 41 percent share of states in net tax revenue has been reduced to approximately 31 percent - Entries 47+4 of the Concurrent List of the Constitution cover many subjects I have started writing this article on the undisputed belief that India is a country made up of various states. The list of states of the country is mentioned in the First Schedule of the Constitution of India. British territories and princely states were willing to join united India voluntarily which is its positive side. With the formation of new India, states were demarcated according to their language because a state was not only an administratively distinct region but also associated with language, culture, history and political identity. Freedom without a doubt We can talk about how independent we are. India is independent with some provi

Twin sisters sold by father found years later The lost and found story seen in Bollywood movies is also seen in real life. In a similar incident in Georgia, twin sisters Amy Khvitia and Ano Sortania were separated at birth in 2002. Now both have met for 21 years through Tik Tok videos and talent shows. Amy and Ano's story is quite filmy as their mother Aza Shawni was in a coma while giving birth to them. Emi-Ano's father Gocha Gakhiriya took advantage of this and sold both daughters to different families. Both grew up in different environments but got together at the age of 11 in a show. Everyone was surprised to see the same faces of both but the secret was not revealed. Now this secret is out. Chinese grandmother gave wealth to dogs and cats A grandmother named Liu from China has just passed away. After the funeral, when his children opened the will, they were shocked even more than Liu's death because Liu had left nothing to them from his fortune of 2 crore yuan (ab

Various commodity futures, options and index futures on the country's leading commodity derivatives exchange recorded a turnover of Rs 32,122.55 crore during the week from January 19 to 26, with commodity futures accounting for Rs 78,085.22 crore and options accounting for Rs. 23069.24 crore, while bulldex futures were traded to the tune of Rs.80.31 crore. During the week under review, among precious metals futures, gold futures, gold February futures opened at Rs.61,876 per 10 grams at the beginning of the week, touched an intra-day high of Rs.62,259 and a low of Rs.61,752 during the week, ended the week at Rs. 195 and reached the price of Rs.61,964. Against this, Gold-Guinea January contract rose by Rs.118 per gram to Rs.50,195 and Gold-Petal January contract rose by Rs.57 to Rs.6,152 per gram. Gold-mini February futures rose by Rs.245 per 10 gram to reach the level of Rs.62,036. Among silver futures, silver March futures opened at Rs.71,461 per kg at the start of the week, to

- Atapata of Arthakarana-Dhawal Mehta - China has the highest GDP based on purchasing power parity The changes that are taking place in the fields of economics and politics in the present world are called changes related to the global world order in English. The five countries with the highest GDP in the world so far were America, China, Japan, Germany and the UK. India overtook the UK to the fifth position in terms of GDP only a year ago thanks to India's dynamic economy. Among the world's major economies, India's economic growth rate is six to seven percent, 7.2 percent is more than seven percent, and it is more than these rich countries, so the rich countries of the world are very surprised. Also, among the five countries with the highest GDP in the world, China, Japan and India are Asian countries, so it seems that in the past, the countries of Europe and America, and especially the British, were economically dominant over us. The possibility that Asian countries wil

- The interim budget will push for more spending allocations and tax relief Amid preparations for the presentation of the Interim Budget for the year 2023-24, two important issues are under scrutiny. One relates to the fiscal space and size that the central government currently has to meet its expenditure over the next two years. The second issue relates to the political imperative of the government to announce any new spending plan to gain the necessary electoral leverage in the upcoming general elections. In such a situation, when Finance Minister Nirmala Sitharaman is preparing to present her first interim budget, it would be appropriate to evaluate both these issues. Growth projections are important in the government's fiscal consolidation strategy. The first advance estimates of the country's Gross Domestic Product (GDP) were released recently. It was said that the nominal size of the economy will be Rs 296.58 lakh crore in 2023-24, which means it will register a growth

- Bhoo Bazar - Dilip Shah - It is hoped that the target of agri credit will increase by five lakh crores: A separate department has been started in the Ministry of Agriculture on this issue The eyes of the business and industry world of the country have been on the budget presented by the finance minister of the central government. Considering that the Lok Sabha elections are to come shortly after the budget, the informants were showing the possibility that the importance of the various proposals and allocations presented in the budget would increase this time. Agriculture sector players and analysts in agriculture markets have been keeping an eye on the budget. As the government is trying to reduce and control the fiscal deficit, it will be interesting to see how much tax concessions are given. Meanwhile, according to agriculture sector insiders, the finance minister is likely to increase the Agri-Credit agricultural credit target. According to an estimate, the target of such agric

- Smile Index-Economist - Put your hands in the budget and halwa and do everything that comes in handy An official of the finance department said, 'Ghee still seems to be low' while beating the pan during the pre-budget halwa serim. Another officer muttered. 'Lya, we make halwa for budget, but save the budget even in halwa. Do not consume ghee indiscriminately. There are no rivers of ghee and milk flowing here like in Satyuga.' The third officer says, 'Though rivers flowed in Satyuga. Now the Treta Yuga has begun, so at least a pawali of ghee should be poured.' Upari says, 'Lya, shut up everyone. Make the same halwa as you have been making the budget for so many years. Crispy and sweet on top, tough and bitter on the inside. It's the outward appearance that matters, not the contents. ' The fourth officer says, 'Sir, arrange methipak instead of halwa before the budget. Even in the winter season, fenugreek is suitable and our people are also

- Lokabhimukha Guidance-- H.S. Patel IAS (Retd.) - Government to enact regulatory laws for public safety Recently, 12 innocent children and two teachers died when a boat capsized in a lake near the Harani Motnath temple in the Vadodara Municipal Corporation area. I am most distressed about this incident because I have served as Deputy Municipal Commissioner and Municipal Commissioner for a long time in Vadodara Municipality. And as part of the conservation of the water bodies around the Motnath Harani Lake and Harnigam Lake, we removed the massive pressures and opened the closed water course of these two lakes, the lake is naturally full of water all year round and is also home to birds. There is a smell. Vadodara is the only city in the state to have as many as thirteen large water bodies. And in Sir Sayajirao's period all these lakes were interlinked together and finally Sursagar in the center of the city was filled with water and then the water was channeled from Badamadi Bag

The Securities and Exchange Board of India (SEBI) is working to conduct comprehensive stress tests on equity mutual fund schemes (assessing whether the funds are in a position to repay if shares are sold) and adopt measures to deal with risky situations. This is a relatively new initiative by the market regulator but it will come after the first round of stress tests, the results of which are said to be unsatisfactory. There are good arguments for this policy move to introduce more comprehensive stress tests. Equity funds continue to inflow capital and most of the money comes from retail investors. Certainly most of the equity assets under management are in the retail portfolio. Not only this, the constant flow of funds forces the fund managers to buy more shares within their fixed limits, even if the market is bullish due to persistently high share prices. If the market goes down people will start withdrawing their funds. In such a situation, it is possible that the fund will feel p

- Antenna-Vivek Mehta - A 500 kg millet protein and energy bar manufacturing unit per day can be set up within a period of only six months and at an estimated cost of 45 lakhs. It is necessary to focus on getting better returns to the cultivators of these coarse grains in the millet year. If farmers form cooperatives and market their own value added products of millet, ragi and juwan, they can earn two to four times the income from sale of millet only. Yes, it is necessary for farmers to venture into the field of food processing by starting up start-ups. It is necessary for the government to subsidize the cost of setting up a unit for manufacturing value added products through startups. It is necessary to subsidize enterprises through agricultural cooperative societies. Therefore, it is necessary to prepare a special subsidy scheme for primary cooperative societies to start up. However, the technology and guidance for manufacturing value added products is provided by the government,

- Sales Tax-Soham Masruwala Under the GST Act, a specific provision is made regarding forms and tax credits. Earlier, when VAT and Central Sales Tax laws were in place, there was a clear provision that central sales tax credits were not available. Central Sales Tax is replaced by the IGST Act in the existing GST Act and tax levied under that Act is taxable under IGST. Many times such a situation arises. A very big problem arises in such a situation where the trader has mistakenly claimed CGST and SGST instead of taking IGST tax credit and the account is issued a demand notice. This matter is discussed in today's article. Situation before rule 36 (4). Under Rule 36 (4) before 1.1.2022, an opportunity to rectify the claim is available if CGST-SGST has been taken instead of claiming tax credit of IGST for the period which could have been taken apart from the tax credit appearing as per GSTR2B before 1.1.2022. GSTR2A is an information form and it has very little legal authority a

- Industrial guidance-long description Nano-Technology – Many industries like base products like consumer, food, fancy food packaging, stain resistant, cosmetic, domestic, paint etc. are adopting nano-technology. Various types of products have been developed in it. Like nano-particle titanium, nano-tube, nano-magnet, nano-carbon etc... Nano-technology can be very useful to the new generation. These may include molecular machine, polymer and electronic industries. Indian Institute of Technology is opening a planning center and campus for nano-technology development. Which will help in industrial products development in future. About one such product. Nano-particle u. V Sunscreen Key: U. V. Materials used in sun screen Those substances are in large form. They used to be chemically inactive but in nano-particle form these substances have become more active. Nano-scale manufacturing process changes the properties of the material used. For example, sunscreens made with micro-fine part

- Chart Indication-Ashok Trivedi The BSE index (close 70700.67 on 25-01-24) is soft from a top of 73427.60. Currently, the 12 day average is 71505.32, the 48 day average is 70181.87 and the 200 day average is 66133.35. Daily MACD is bearish. The weekly MACD is bullish. Oversold to oversold on daily basis, overbought to neutral on weekly basis and overbought position on monthly basis. Above 71050 above 71175, 71380, 72040 are considered pro-reformation. 69860 support is considered below 70000 in low. Gujarat Gas (closing price Rs.552.45 on 25-01-24) is bullish from the bottom of 397.05. Currently, the 12-day average is 543.24, the 48-day average is 489.20, and the 200-day average is 463.79. Daily and weekly MACD are bullish. Shows overbought positions on daily, semi-weekly and monthly basis. 571 above 583, 606 possible. 538 below 559 is considered support. 538 is considered a weakness below. 513 below 538, 490 counts as support. HDFC Bank (closing price Rs.1434.90 on 25-01-24) is be

- After the Gaza-Israel war, disturbances in the Night Sea have disrupted the country's export statistics On February 1, the government will present a vote-on account instead of a full-scale budget for the next financial year due to the Lok Sabha elections and will seek parliamentary approval for four months of expenditure. The new government to be formed after the elections will present a full-scale budget around June. There will be no change in the tax system in vote on account but the efforts of the government to provide support to industries by announcing measures that increase consumption demand in the country will be necessary. When the survey reports are coming out that the present government will come back to power after the 2024 Lok Sabha elections, it is believed that the government will present proposals in the budget to advance its agenda for economic development. The country's economy is resilient, but food inflation and rural development are becoming concerns f

- Boolean Bits - Dinesh Parekh - Will gold be made available to jewelery manufacturers and exporters at competitive rates? Players also watch out for changes in customs duties The country's jewelery markets recently witnessed a two-way jump in gold and silver prices in the pre-Budget week. The price of precious metals in the world market showed a biased fluctuation and its impact was also seen in the domestic jewelery markets. Apart from this, market sources said that there was a significant rise in the dollar price against the rupee in the currency market, and its impact was also seen on the jewelry market. The price of gold in the world market had touched the level of $2000 per ounce at one stage, but then the price rebounded and was recently seen trading around $2020 to $2025. In the world market, after the global index of the dollar against various major currencies, there was a drop again, besides the yield of the US bond also fell after the rise, due to which the prices of

Mumbai: The bullion market was officially closed today due to Saturday at the Mumbai Jewelery Bazaar. However, gold prices rose in the closed market. While silver prices were seen to be soft. There were indications that gold prices had increased in the world market. A positive impact on gold prices at home was seen as the world market rose. While the price of silver remained under pressure behind the world market. Meanwhile, the price of gold rose by Rs. 100 per 10 grams to Rs. 99.50 to Rs. 64400 to Rs. 99.90 and Rs. 64600 to 99.90 in the Ahmedabad jewelery market today. Ahmedabad silver prices fell by Rs.200 per kg to Rs.72300 per ounce in the world market, gold prices per ounce from 2015 to 2016 reached 2025 to 2026. Finally, at the end of the week, there were indications that the price was $2018 to 2019 dollars. There were indications of increased buying of funds in global gold as crude oil prices rose to a two-month high in the global market. Sources in the currency market said t

Sensex 69666 support and Nifty 21055 support level Mumbai: As the GDP-economic growth figures of the US for the quarter ending December 2023 are overall good, record bullishness is seen in the US markets. Global markets strengthened over the weekend amid easing inflation and expectations of a rate cut and the possibility of a reversal of interest rate cuts. While corporate results in the Indian stock markets followed by continued massive sell-off in stocks by Foreign Portfolio Investors-FPIs in the last week has seen caution in higher-head stocks. However, due to continuous buying by local funds, institutional investors, the market is seeing a major decline. Along with this, with budget fever now in the midst of the turmoil of the Lok Sabha elections, the market is currently showing a two-way swing movement in the zone of consolidation with correction since last week. As usual, F&O call-options have fooled traders-gamblers in January. Amid speculations of budget provisions, the

AHMEDABAD: A close relationship has now been established between both the stock market and foreign exchange reserves. Foreign outflows increased as foreign investors booked profits in the stock market and thus India's foreign exchange reserves declined by $2.795 billion during the week ended January 19, but Pakistan's foreign exchange reserves increased during the same week. According to the published figures, during the week ended on January 19, the reserves decreased by 2.795 billion dollars to 616.143 billion dollars. Reserves increased by $1.634 billion in the previous week. India's foreign exchange reserves reached an all-time high of $645 billion in October 2021. According to the weekly data, foreign currency assets decreased by 2.653 billion dollars to 545.855 billion dollars. This week gold reserves have decreased by 3.4 million dollars and the reserves are at the level of 47.212 billion dollars. India's Special Drawing Rights decreased by 8.9 crore to 18.221

Mumbai: Former Reserve Bank of India (RBI) Governor Raghuram Rajan said that India needs to pay special attention to education and healthcare to become a developed country by 2047. In the last 25 years, India has maintained an average annual economic growth rate of six percent, which is not easy for any country. In order to lay a strong foundation, he requested to pay special attention to education and healthcare sector besides administrative reforms. He made this suggestion at a book launch in Kolkata. If India wants to become a developed country by 2047, it will have to achieve economic growth at an average annual rate of seven percent. With an economic growth rate of seven percent, India's per capita income, which is currently $2,400, can rise to $10,000.