Market and Business News

- Industrial guidance - Dhiru Parekh Retin A Cream is the correct pronunciation of Vitamin A Cream. Retinin is another meaning of retinue meaning high class personality, external appearance has a lot of importance in human relationship. Such is the opinion of psychologists. Many studies have concluded that attractive individuals are liked more by parents and teachers. A beautiful person can have more sexual pleasure with a more beautiful partner. Every culture has an emphasis on beauty. A beautiful thing provides eternal joy. Everyone wants to be beautiful, young, no one likes old age. Human body is made up of organic material. So there are many people who look young despite their age. So many young people look old even at a young age. Humans have longed since the beginning of time that old age will never come and youth will last forever, in this way, efforts to maintain youth have been made years ago, while today the doctors of the world are trying to prevent the growing age from t

Around the Market Petrol-Diesel under GST ...! There have been talks of bringing petrol-diesel under GST for some time but no action has been taken. However, in a recent function, the Finance Minister said that before bringing petrol-diesel under GST, states and the GST Council have to show readiness. If they show readiness and fix the fuel rate then the fuel will be brought under the ambit of GST. - Dhak Dhak Girls and Bachchan..Saath Saath Hai Country's largest gold loan-non-banking finance company (NBFC) Muthot Finance has chosen Bollywood's Dhak-Dhak girl Madhuri Dixit as the company's new brand ambassador. However, the company has also clarified that Bollywood superstar Amitabh Bachchan will also continue as their brand ambassador. After the appointment of Madhuri as the brand ambassador, the company has promoted this report vigorously on social media. - Drones will deliver army supplies Indian Army is embracing technology. Goods will be delivered to the army b

Bhoo Bazar : Dilip Shah India's tea market from Turkey and Syria hit by earthquake: Coffee production increases in Bastar The tea market and industry in the country has seen a reversal of trends. According to the news received from Kochi in the state of Kerala in South India, as the weather is getting cold there, its adverse effect has been seen on the tea auctions in Coonoor. Due to the adverse weather conditions, tea auctions at Coonoor have witnessed a slowdown in the supply and supply of tea. Due to this, the prices of some varieties of CTC tea have also increased there, sources in the tea market said. Due to the winter season, tea plucking process has been affected in various tea growing areas there. And due to this, the factories have been seen working for barely 1 to 2 days in a week. Following this, there have recently been reports of tea auctions falling short of expectations. However, due to earthquake orders in Turkey and Syria, the demand in India's tea market ha

Dollar selling signal by RBI to maintain rupee stability amid big fall in forex reserves Analysts expect it to be stronger than current levels by the end of the current fiscal year. By the end of March, the rupee will touch 82.25. However, in the first quarter of the next financial year, the rupee may weaken slightly from the current position, as the Federal Reserve will continue to hike rates. Also, the dollar is strengthening due to a possible slowdown in global growth. The rupee is at a record low of 83.29 against the dollar. In 2022, the rupee was at 82.74 with a decrease of 10 percent against the dollar. The local currency strengthened significantly against the dollar during the first 3 weeks of 2023 as the cycle of US rate hikes eased inflation. Last month saw a slow recovery in the rupee. However, the local currency situation reversed after this. Fears that the US central bank will keep rates higher for longer, in addition to the Hindenburg report's allegations against t

image : Twitter Wipro has slashed the salary offered to freshers waiting to join by nearly 50 percent. Wipro's decision is believed to reflect the global micro-economic uncertainties and challenges facing tech companies. NITES termed Wipro's move as unfair and unacceptable. NITES has demanded that the IT company should reconsider its decision. 50 percent reduction in salary offer Wipro, one of the giants of the IT sector, recently re-contacted the candidates who were preparing to join the job. He was asked by the company whether he would like an annual package of Rs. 6.5 lakh (LPA) as an annual package of Rs. Will the offer of 3.5 lakhs be accepted? It is to be noted that these candidates were issued offer letters by the company while they were about to join the job. The IT sector employees' union raised an objection The IT sector employees' union NEET termed the move as unfair. NEET termed it against the principles of fairness and transparency. NEET has demanded

Mumbai: US Expectations of the Federal Reserve to continue its interest rate hike minutes before tomorrow, as well as weak manufacturing figures in the Euro zone, and the possibility of increasing geopolitical tension over the US and Russia's movements in the Ukraine issue, along with the global markets, the funds eased the bullish trade on caution as the Indian stock markets rose today. The index-based two-way volatility continued to slow down eventually. Funds eased bullish trade in oil-gas stocks and automobile, consumer durables stocks with profit booking in IT-software services, technology stocks. Sensex, Nifty based strength was observed initially with selective buying in capital goods, FMCG stocks and finally the market fell into the negative zone and finally the Sensex fell by 18.82 points to 60672.72 and Nifty spot by 17.90 points to close at 17826.70. Brent Crude remained at $83.77 and New York-Nymex Crude was near $77 in the evening with overall softening in crude oil.

MUMBAI: Gold prices in Mumbai jewelery market were on the decline after rising today. While silver prices were firm. There were indications of a fall in gold prices in the world market. Funds eased on rising gold in world markets today as the global dollar index rose. Gold prices in the world market were directed at 1830 to 1832 to 1833 dollars an ounce from the 1843 to 1844 lows. However, global silver was firm today. The price of silver in the world market was 21.71 to 21.72 in low 21.64 and high 21.84 to 21.75 to 21.76 dollars per ounce. At home in Ahmedabad jewelery market today, silver prices increased by Rs.200 to Rs.67700 per kg. Ahmedabad gold prices were Rs.58200 at 99.50 and Rs.58400 at 99.90 per 10 grams. Meanwhile, platinum prices in the world market were at 939 to 930 to 931 dollars an ounce after 923 from 928 to 929 an ounce. Palladium prices ranged from 1514 to 1515 lows of 1492 and highs of 1526 to 1511 to 1512 dollars. Global copper prices were 1.70 to 1.75 percent

Mumbai: India's steel imports from Russia rose to an eight-year high in the first ten months of the current financial year. India is the second largest producer of crude steel in the world. India imported 2,81,000 tonnes of steel from Russia during the April-January period of the current financial year, which is five times more than in the same period of the previous financial year. Following Russia's invasion of Ukraine last year, Western sanctions on Russia have increased its steel flows to Asian countries. Due to this shift, some traditional suppliers and domestic steel producers are worried about losing market share to lower cost imports. Russia was India's fourth largest supplier of steel during the April-January period. During this period, 72 percent of Russia's steel imports to India consisted of hot rolled coils and strips. This is the first time in eight years that Russia has overtaken Japan as the second largest supplier of hot rolled coils, the figures

New Delhi: New formal job creation slowed in December and remained below 10 lakh for the third consecutive month. Figures released by the Employees Provident Fund Organization show the pressure in the job market. The number of new monthly EPF subscribers fell by 14.5 percent to 8,02,250 in December from 9,37,780 in November. Only 7,80,170 subscribers joined Ink in October, the lowest monthly enrollment since May 2021. Earlier, in 2023, the number of monthly new subscribers was above 10 lakh for 6 consecutive months from April to September. In July, this figure reached an all-time high of 11,59,350. The net increase in payroll is calculated based on the number of new subscribers, the number of exits and returns of old subscribers. Accordingly, there was an increase of 7.7 percent in December and the number increased to 14,93,031, which was 13,85,923 in November. New subscribers added in December were 4,46,358 in the 18 to 25 age group, a decline of 15.5 percent compared to 5,28,484

Mumbai: In the quarter ended December 2022, the net interest income of banks increased by a record 25.5 percent to Rs. 1.78 lakh crores. This indicates better credit withdrawal conditions and higher yields on loans. An analysis revealed this fact. Banks earned more on loans during the quarter. The net interest margin of banks increased by 0.17 percent to 3.28 percent in this quarter. Banks revalued existing loans at higher rates and hiked interest rates on new loans, Care Ratings said. On the other hand, it has not changed the deposit rate. However, the increase in net interest margin was led by private sector banks. Their net interest margin increased by 0.15 percent year-on-year to 4.03 percent. At the same time, the net interest margin of public sector banks increased by 0.17 percentage points to 2.85 percent. Net interest income is the main source of income for banks. It is the difference between interest earned by banks and interest paid on deposits. Aggarwal believes that th

New Delhi: After the central government reduced the reserve price of FCI wheat for wholesale customers, its prices have seen a sharp decline. The reserve price has now been reduced from Rs 2,350 to Rs 2,150 per quintal. The decision to sell wheat in the open market led to a rebound in wheat prices after a few days of decline in sales. After the fall in the reserve price, wheat is about Rs. 500 per quintal has become cheaper Following the government's decision to sell wheat in the open market, wheat prices last month fell to Rs. 400 reduced to Rs. 2,550 were done. But after this reduction, after a few days the price increased to Rs. 2,700 per quintal. Last week, the government raised the reserve price of FCI wheat for wholesale customers at Rs. 2,350 reduced to Rs. 2,150 per quintal has been done. Since then, the price of wheat in the mandi has fallen to Rs 2,175 per quintal. A Delhi trader says that due to the fall in reserve price, the price of wheat in Delhi markets has come d

- Forbes' shocking revelation after Hindenburg - Vinod Adani's offshore company transactions are benefiting Adani's listed company in Bharat - Forbes captures new financial transactions not in Hindenburg's research: Ambuja Cement bought for $10.5 billion by 'mastermind' Vinod Adani's own company AHMEDABAD: The Hindenburg report alleges that the Adani Group has engaged in malpractice to drive up share prices, buy shares through companies registered in tax havens, and sell them only through its associates, Gautam Adani's elder brother Vinod Adani is the most questioned. have been raised against. Now, Forbes magazine has now given an explosive report against the Adani group after the shocking Hindenburg report. This Forbes report also states that the financial transactions of offshore funds linked to Vinod Adani, the elder brother of group head Gautam Adani, are also benefiting Adani's listed companies in India. Forbes, famous for publishing the li

Mumbai: Due to the sudden visit of US President Biden to Ukraine and the dismantling of spying balls striking against Russia and China in countries including Ukraine, as well as the firing of two more ballistic missiles by North Korea in the East Coast, the global geopolitical tension is increasing again and on the other hand, the US. Sentiment in Indian stock markets continued to falter along with global markets on the backlash of a global recession, with the Federal Reserve on Wednesday reporting a continuation of interest rate hikes. The week began with a cautious offloading of funds. Sensex's early recovery finally washed away, falling 311.03 points to 60691.54 as funds booked profits in banking-finance, consumer durables, oil-gas, healthcare, capital goods stocks against IT-software services, technology stocks along with select cement, auto stocks. And Nifty spot closed down 99.60 points to 17844.60. In banking-finance stocks today, the BSE Bankex index fell 494.74 points t

Mumbai: Gold and silver prices went up in Mumbai jewelery market today. The world market news, however, showed biased volatility on the upside. In the world market today, gold prices were 1837 to 1843 to 1843 dollars per ounce from 1842 to 1843 and 1847 to 1847 to 1843 to 1843 dollars per ounce. In the Ahmedabad jewelery market today, the price of gold increased by Rs.400 per 10 grams to Rs.58,200 per 99.50 and Rs.58,400 per 99.90 gram. Ahmedabad silver price increased by Rs.500 to Rs.67500 per kg. The price of silver in the world market increased by Rs.500 per kg to Rs.67500. The price of silver in the world market was 21.73 to 21.74 per ounce today, the lowest was 21.55 and the highest was 21.90 to 21.71 to 21.72 dollars. The price of platinum in the world market was 921 to 922 today high 930 and low 917 to 928 to 929 dollars. Palladium prices were directed at a low of 1502 to 1503 at 1490 and a high of 1516 to 1514 to 1515 dollars. Global copper prices were 0.55 percent plus toda

AHMEDABAD: The collection of new schemes (NFO) of mutual fund companies has decreased in the last year. Asset management companies in 2022 from new schemes totaling Rs. 62,000 crore is collected, which is a decrease of 38 percent compared to 2021. However, mutual fund companies introduced a large number of new schemes last year. A total of 228 new schemes were introduced last year. 140 schemes of this year 2021 were presented. The data shows that fund managers focused on the fixed income category last year. The number of fixed income categories has doubled in 2022 compared to last year. In the calendar year 2022, 179 'open-end funds' and 49 'closed-end funds' were launched. A total of Rs. 62,187 crore was collected. In 2021, an amount of Rs 99,704 crore was collected through 140 new schemes. In 2020, 81 new schemes raised Rs 53,703 crore.

MUMBAI: Various indicators of the country's economy have weakened in January, indicating that the situation will turn dire going forward. Economic figures are pointing to a slowdown in demand at home and abroad due to higher borrowing costs. A decline in exports and impact on activity in the manufacturing and service sectors weakened business activity, which offset the increase in consumption. A report prepared by Bloomberg pointed to a decline in the Purchasing Managers' Index (PMI) of the country's manufacturing and services sector in January, while the country's exports also fell by 6.58 percent in January, indicating weaker demand for Indian goods abroad. In addition to exports, imports also fell, indicating a slowdown in demand for leisure goods. Liquidity is tight in the financial system, but credit withdrawals picked up again last month. Power consumption was almost stable last month, indicating demand in the manufacturing and industrial sectors. The peak p

New Delhi: From April to December, Indians have spent nearly 10 billion dollars on foreign travel. According to the Reserve Bank of India report, this is the highest figure ever. This is the highest expenditure by Indians on foreign travel in any financial year. In the previous financial year 2019-20, the highest expenditure on foreign travel was 7 billion dollars. In December alone, Indians spent $1.137 billion on travel RBI data shows that Indians spent $1.137 billion on travel in December 2022 alone. With this, the total money spent by Indians on foreign travel till December 2023 has reached 9.947 billion dollars. At the same time, if foreign exchange spent on education, gifts and investment are added, the total remittances abroad are $19.354 billion. However, as the expenditure on travel continues to rise, Indians are now spending less on their relatives living abroad. The share of remittances in total foreign expenditure has declined from 26 per cent in 2017-18 to 15 per cen

MUMBAI: The exercise came amid a rise in promoters' pledged shares during the October-December quarter and a 6 per cent rise in the benchmark Nifty index. According to a report by Kotak Institutional Equities, the value of promoters' pledged shares as a percentage of promoters' stake increased to 1.61 per cent in September quarter (2022-23) from 1.57 per cent in September quarter (2022-23). The total value of shares pledged by the promoters is Rs. 2.2 lakh crore, which is 0.83 percent of the total market capitalization of the MGE 500 index. Promoters of major Indian companies increased pledged shares in the December quarter as global policy tightening due to rising inflation caused volatility in equity markets. Promoters of 87 companies in the MGE 500 index pledged at least part of their stake at the end of the third quarter. Among them, only 17 companies' promoters pledged more than 25 percent stake. Companies whose promoters have pledged more than 90 percent of t

Mumbai: Ever since the implementation of the Insolvency and Bankruptcy Code (IBC) in 2016, there has been a 94 percent decline in the amount of claims made by creditors against large business houses that went into liquidation after bankruptcy. Data from the Insolvency and Bankruptcy Board of India (IBBI) shows that at least 165 borrowers who went into liquidation after receiving loans of over Rs 1,000 crore have seen a decline in assets of 94 per cent. The lenders had claimed that they were going to collect an amount of Rs 6,94,000 crore from these borrowers. However, the actual value of the assets held by the borrowers was Rs 40,000 crore. Usually lenders provide loans less than the value of the security before providing the loan and also ensure that the contribution of the promoters remains. In case no loans are given against security, regular cash flows of borrowers are looked at so that repayments can be assured, said a banker. Bankers ensure that the value of the business do

New delhi date. 20 February 2023, Monday Mahindra & Mahindra Chairman Anand Mahindra is very active on his Twitter. He has more than 10 million followers on Twitter. When the XUV7 model hit the market, it was covered. For a long time, no vehicle design came close to it. XUV service like this vehicle Mahindra set the SUV segment on fire.. Tata to other automakers had to change their strategy a lot. 11 years have passed since the launch of this vehicle. But even today this vehicle is maintaining its hold in the market. Which is a wonder in itself. The strength in this market has had the effect that Mahindra had to launch the XUV300 and XUV700 in the market as well. It is different that Mahindra had to remove it to compete with its own vehicle. The company's strategy is to provide vehicles to customers in both small and large segments. This also benefited the company. Anand Mahindra says that this car drives like a cheetah. Sharing a video, he wrote, "Do you want to know