Market and Business News

New delhi date. September 20, 2019, Friday Reserve Bank Governor Shashikant Das said, "Given the slowdown in economic growth and stagnation in inflation, there is a possibility of further cuts in policy rates." The inflation rate is likely to remain below target for the next one year. The Reserve Bank has cut policy rates four times this year. However, the governor soon said that the fiscal is less likely to take measures to cope with the soft cycle to accelerate economic growth. He suggested that the government should start the fixed budget at the earliest to deal with the slowdown. Since taking office in December, Das has cut policy rates four times in a row. All of them put 0.35% of the work into the staggering policy rates. In total 4 times the repo rate has been cut by 1.10%. That brings the repo rate down to a nine-year low of 5.40%. "Prices have stabilized and inflation is below 4% and it is likely to remain at this level in the next 12 months," Bloom

Mumbai, Ta. September 20, 2019, Friday Following the announcement by Nirmala Sitharaman, the stock market saw a boom. The Sensex rose 1671 points during the press conference, while the Nifty rose 331 points. Union Finance Minister Nirmala Sitharaman has announced the importance of reducing the impact of the recession in the country. Modi government has turned the scissors on corporate tax. So now the new corporate tax rate will be applicable at 17.1%. Finance Minister Nirmala Sitharaman made the announcement at a press conference on Friday morning. He said the government had made a revolutionary decision to reduce corporate tax. Local companies and new companies will benefit from this relief. He said companies now have to pay 22 percent tax. The tax rate will be 25.17%, including surcharge. The finance minister said the minimum alternative tax rates were reduced for companies that would not take any concessions. New companies were also relieved of debt. Companies that set up after

(Gujarat News Representative) Mumbai, Ta. September 19, 2019, Thursday Despite the signs of global economic growth declining at the weakest level of the decade and the US Federal Reserve's expected rate decline of 5.5 percent yesterday, uncertainty over Fed's policy toward some members to reduce the decline saw negative effects on global markets with US markets and In India, yesterday, the finance minister did not give the expected economic relief and incentives and now tomorrow, 5 weeks At the meeting of the GST Council meeting of Timber 1 also raised funds, experts have again called for a sharp uptick in stocks to meet doubts about the demand for rate reductions, including the automobile industry. With international crude oil prices plummeting again, Brent went up by $ 1.3, to $ 1.8, while Naimax rose $ 5 to close at $ 5.7. The US dollar against the rupee today weakened by 5 paise to Rs. Finance Minister Nirmala Sitharaman, despite giving more than one economic package anno

Mumbai, Ta. September 19, 2019, Thursday New demand in the Mumbai oil-seeds market was slow today. There was news that the central government had reduced the custom X of dollars for importers by Rs. This has led to a reduction in the effective import duty of various domestic edible oils, market sources said. As a result of this new dollar price is set to come into force from September 7, the effective import duty of crude palm oil CPOs in the country has fallen by about Rs 3 to Rs 5 per tonne while the import tariff of Palmoline has been reduced by Rs 1 to 3 per tonne while soybean. Effective import duty tonnage is reduced by Rs 1 to 5, market analysts said. New trade was slow today after significant trade in Palmetel in recent two days. World market news was showing soft. In the spot market in Mumbai today, there was a talk of Rs 5 Kg Havla Resale and JNPT Rs. Businesses were scattered. Soyaat futures prices were Rs. 5, and then higher was Rs. In the world market, Malaysia's

Mumbai, Ta. September 19, 2019, Thursday The growth in domestic steel consumption is expected to slow down to 5-7% in the current fiscal year, which was 8.3% in the last financial year. The country's economic activity has affected the consumption of diluted steel, a report said. In the first quarter of the current financial year, the country's economic growth rate was five percent. The report also said that steel companies' margins have been pushed down due to higher raw material prices and lower steel prices. Demand is expected to improve in the last 6 months of the current fiscal, given the possible increase in structural costs. The business environment continues to be challenging for businesses. However, the report also suggests that steel producers will benefit from a suggested increase in infra cost over the last six months of the current fiscal year.

Mumbai, Ta. September 19, 2019, Thursday Gold prices in the jewelery market today went down sharply. World market news, however, showed fluctuations. Meanwhile, in the currency market today, dollar prices have risen again. The rupee had weakened in the domestic currency market as crude oil prices rebounded in the world market today. Meanwhile, the Federal Reserve in the United States lowered interest rates by 5 percent on Wednesday night, but there were reports of uncertainty over whether interest rates would be further reduced and the dollar and gold prices fluctuated in the world market. Gold prices in the world market reached US $ 5 in a five-month high of $ 5. They were lower today at $ 1.8 and higher at $ 5. In the currency market today, dollar prices were up by 5 paise to Rs. While the British pound price was up by 8 paise to Rs. The euro prices were up by 5 paise to Rs. Thus, the rupee had weakened against various currencies today. Brentcrude prices in the world market were

Washington, Ta. September 19, 2019, Thursday The Federal Open Market Committee of the United States Federal Reserve has cut interest rates by 5 percent (2 basis points) for the second time in a row on Wednesday amid global uncertainty. America's interest rate is now in the range of 5.5 to two percent. "As the US consumer continues to make big purchases as a result of revenue growth, trade negotiations between the United States and China remain unresolved, and growth in the manufacturing sector has slowed," Federal Chairman Jerome Powell told reporters after the meeting. This is the second time the Federal Reserve has cut interest rates after the recession of 3. The decision to cut interest rates has come in the wake of slowing global growth and increasing trade tensions over the past few months, Powell said. Seven members of the committee favored a 5 per cent reduction in interest rates while one member spoke of half per cent while two members spoke unchanged. A stro

Mumbai, Ta. September 19, 2019, Thursday The top real estate developers in the country have been steadily increasing their unsold inventory, which has worsened the real estate sector's finances. At the end of the fiscal year 5, real estate developers in the country had unpaid stocks worth Rs 1.8 trillion, which was 5% more than the financial year of the year 1, as can be seen from the annual audited results released by these developers. In the last financial year, the combined revenue of the industry has decreased by 8.5% while net profit has increased by 8.5%. The inventory value at the end of March 1 is equal to the industry's six-month revenue, said one analyst. As a result of the results of the five companies in the real estate sector, the debt was increased by 5% on an annual basis to Rs 1 crore. If the unlisted stocks of unlisted companies in the real estate sector are covered, the level of inventory can be very high. Analyst estimates that there are 1.7 million dwell

New delhi date. September 19, 2019, Thursday The government is rethinking its strategy to increase direct tax collection. Revenue from government direct taxes is still lower than the target in the current financial year. In the current fiscal year, the government has set a target of recovering Rs 1.8 lakh crore through direct taxes. The target is to collect Rs 1.8 lakh crore through corporate tax and Rs 1.8 lakh crore in income tax, Akhilesh Ranjan, a member of the Central Board of Direct Taxes (CBDT), said in an informal program at Assocham. The increase in direct tax collection has been lower than expected. The CBDT will study this and change the recovery strategies, he said. Asked about the reduction in corporate tax collection, he said the issue was in the government's mind and Finance Minister recently expressed his opinion that there is a need to reduce corporate tax. "The government is trying to simplify the taxation system to increase the compulsion to pay taxes,&q

New delhi date. September 19, 2019, Thursday If any of your bank-related work is pending, settle it today as bank services can be closed for 5 consecutive days later this month. The strike and leave are likely to affect bank operations from September 26 to 30. Four unions of bank employees have called for a two-day strike from September 26 to protest the announcement of the merger of 10 public sector banks, followed by Saturday and Sunday. In addition to this, there is a Half Yearly Closing on September 30, so public dealing on 30 September will be minimal or in no other place. After that, the bank will be closed due to Gandhi Jayanti on October 2, excluding October 1. 4 unions of bank employees have called for a 2-day strike from midnight on September 25 to protest the announcement of the merger of 10 banks in the public sector. At the same time, unions have threatened to go on indefinite strike from the second week of November against the bank's merger plan.

(Gujarat News Representative) Mumbai, Ta. 18 September 2019, Wednesday Saudi crude prices closed last September until last month, with crude oil prices boiling in Brent's futures to close US $ 5 as a result of a drone attack on Saudi Arabia's Aramco oil facilities in Saudi Arabia last week. Today, the Brent barrels dropped to $ 1.8 per barrel Delivery time was 58.63 dollars developing low risk for developing low jiopolitikala Tension India and Indian stock markets with stocks of deep erosion in global markets. With the decline in crude oil prices, the Indian rupee against the US dollar has also strengthened by 5 paise to Rs 9 today, with Finance Minister Nirmala Sitharaman continuing to provide one economic package to bring the country's economy back on the path of development. GST Council meeting to be held on September 1, 9th, to reduce GST rates for various industries, including the automobile industry. Funds were valuing with short cover in anticipation. Sensex rose 5

Castor heels in September and October futures Mumbai, Ta. 18 September 2019, Wednesday With the increase in demand in the petroleum market in Mumbai oil-seeds market today, about 2 to 5 tonnes were traded for various deliveries in October. However, the news of the world market was showing a slight. Global oil prices remain soft after global crude oil prices plummeted from high headlines. In Malaysia, Palmet's futures today closed at 5, 5, 6 and 5 points, while the prices of palm products were two and a half dollars soft. Total exports of palmetta from Malaysia fell by 8 per cent to 9 tonnes in the first seven days of this month, the SGS said. However, palmetto production was reported to decline by about two percent during this period. Meanwhile, Chicago's soybean futures in the US overnight tonight showed a slight improvement in projection this evening, after falling 5 to 5 points. There, soybean futures overnight was 5 to 5 points soft, while soybean futures overnight fel

Chennai, Ta. 18 September 2019, Wednesday In the first six months of the current fiscal year, the country's tire production has been down four per cent year-on-year due to the downturn in the domestic market. The production of tires used in motorcycles and in passenger vehicles is declining. Motorcycle tire production did not have a significant impact during the fiscal year 2 recession. However, the impact on the tire production of passenger vehicles was also seen at that time. Despite the decline in production, the country's tire exports have seen a growth of 8% in the first six months of the current fiscal year. According to the Automotive Tire Manufacturers Association, the overall production of tires during April-June 1 stood at 5.4 lakh units, compared to 5.5 lakh units in the period of 1 year. The production of tires used in passenger vehicles has dropped by seven percent while the production of two-wheeler tires has declined by 7 percent. Production of truck and bus

Mumbai, Ta. 18 September 2019, Wednesday The rough diamonds extracted from the mines of India will be submitted by the government-owned NMDC to Surat for auction. The auction will be held in collaboration with the James & Jewelry Export Promotion Council. Up to 2 rough diamonds were displayed at Surat. Thereafter, his auction was done online but was displayed at Panna in Madhya Pradesh. Now it is being submitted again at Surat. A rough diamond worth Rs 1 crore will be introduced at a center in Surat, local market sources said. These diamonds will be opened before the sale at the auction. In the financial year 1-3, India imported 8.5 million carats of roughly worth $ 1.8 billion. In India only a small quantity of diamonds is extracted from the mine. The NMDC produces roughly 2.5 carats of rye a year. From fiscal year 1-5, NMDC has started Diamonds Auction online instead of physical. Before every auction, Diamonds was introduced to Panna.

Mumbai, Ta. 18 September 2019, Wednesday The dollar was hovering sharply against the rupee in the Mumbai currency market today, and as it was written, the eyes of the currency market were on the Federal Reserve meeting in the US. According to the latest survey by the Bank for International Settlements, the average daily trading volume in the Indian rupee in the UK has risen to $ 1.8 billion in April. In India, such figures are averaging $ 1.8 billion daily volume. Currency trading in the off-shore market was astonishing to the players of the currency market. In off-shore trading, dollar-denominated non-deliverable forward trades have increased six-fold in three years. In Britain, such trades have increased fivefold so far, counting from 5. In the 5th, such trade used to be $ 1.8 billion on a daily basis. Globally, the rise in rupee volume has had an impact on the volatility of the domestic currency market, which seems worrying. Apart from Britain, the trading volume of rupee has i

Mumbai, Ta. 18 September 2019, Wednesday In the Mumbai jewelery market today, prices were on sharp decline due to rising prices. With the fall of the dollar against the rupee in the currency market, imports in the jewelery market fell. And with that, the market price went down. However, there was a fluctuation in the price of gold in the world market. The closing price of the dollar was Rs. 5 in the Mumbai currency market after the dollar opened at Rs. The dollar was down 5 paise today, while the British pound fell 5 paise to 1.8 today, while the euro fell 5 paise to 5.5 to 4.1. Meanwhile, gold prices in the Mumbai jewelery market today remained closed at Rs 5 per gram at Rs 5 and Rs 5 off at Rs 5 per gram. While the GST with GST remained at 5% high. In the world market, the price of gold was lower at $ 5 a barrel and prices were down from $ 8 to $ 8 in the evening. In the global market, the dollar index appeared to enter the futures market, reducing the global level of gold. In t

New delhi date. 18 September 2019, Wednesday The Goods and Services Tax (GST) council meeting on Friday is likely to create a lot of heat on the lotteries. The central government wants to keep the same rate of GST on lotteries while Kerala is insisting on continuing the existing two rate structure. The issue was earlier referred to Attorney General KK Venugopal, who voted that the constitutional autonomy of trading on lotteries was not violated at any rate. The GST Council can decide on this issue. The council is likely to discuss the rate on lotteries at Friday's meeting. At present, the rate of GST on lotteries of the state government is 5% but the rate of GST on lotteries run by private agencies with the approval of the state government is 5%. The council has noticed that this double rate is being misused by some private lottery operators, sources said. If each lottery is covered under a 5% rate, the government treasury is likely to generate additional revenue of Rs 5 cror

New Delhi, September 17, 2019, Wednesday During the April-June quarter, India's economic growth rate dropped to the lowest level in six years at 5%. The Modi government is pushing Eddy Choti to revive the downtrodden Indian economy. Yet after giving a number of concessions and incentives to real estate and exporters on Saturday, the government is now considering giving another booster dose to the economy. The government is trying to accelerate economic growth and has announced a number of concessions and incentives in the past one month. According to information from finance ministry sources, preparations for giving the economy another booster dose have been completed and Finance Minister Nirmala Sitharaman can announce it in the next few days. Of course, it is not clear where the sector will be encouraged in this time booster dose. The government announced 3 packages in 23 days On August 23, it made relief ads for the auto sector, including withdrawal of surcharges from f

Crude oil prices have been stable in the international market for some time now but international politics has changed rapidly following the drone attack on Saudi Arabia's oilfields Aramco. The United States does not believe that the attack on the Syrian rebels from Yemen but Iran was supported by the rebel group, but crude oil prices were increased by 8 percent after US President Donald Trump first gave clear indication of military action on Iran. This is the first event since the Gulf War between Iraq and the United States, with such a huge increase in crude oil prices in just a short span of just five days. Although OPEC, an organization of oil-producing countries, has said that it should not worry, experts believe that a sharp increase in petrol-diesel prices in countries around the world, including India, cannot be ruled out. Trump backs on Iran-backed Houthi rebels US President Donald Trump has warned of a return to Saudi Arabia's attack on oil fields. Thus, Trump is

(Gujarat News Representative) Mumbai, Ta. September 17, 2019, Tuesday Saudi Arabia's global oil producer giant Aramco's latest fire broke out last week amid allegations that the United States and Iran blamed Iran for the attack, as a result of a fire that broke out last week over drone strikes at production facilities. India's total near $ 1 dollar Angana funds stocks portend today's economic condition becoming worse to be 83 percent dependent on imports of crude had plunged called universal recession. Despite rising crude prices and consolation for Saudi supplies to India, the clear indication of time delays in Saudi facilities, and rising international prices, has led to large offloading of stocks today, in response to rising crude prices for India, which has led to a significant increase in India's deficit. Crude prices fell this evening from yesterday's rising headline to close at $ 1 a barrel below Brent, but the US dollar against the rupee continued to b