Market and Business News

New Delhi, Saturday 30 January 2021 The African continent is world famous for its diamond, gold and silver mines. Precious diamonds have been found in African countries, such as Lucara Diamond Company, a well-known Canadian mining company, which recently discovered a top 378 carat white diamond in a mine in Botswana. The diamond, discovered on January 15, is the 55th diamond above 200 carats found in a carousel mine in the country's Southampton region, where the company began searching for diamonds in 2012. It may be mentioned here that just a month ago, a diamond of 300 carats was found from the same mine, this unusual diamond of 378 carats falls in the category of high quality shiny high priced gems. Diamond experts have put the price of this 378 carat top white diamond in the market at more than Rs 110 crore, it is believed that the price of diamonds in the auction may go even higher. The Caraway mine is world famous for finding the best diamonds.

New Delhi, Saturday 30 January 2021 Cryptocurrency The government is preparing to introduce a bill to legalize and ban the trading of other cryptocurrencies, including Bitcoin, and is also introducing a digital currency of the rupee under the new bill. The digital version of the rupee is mentioned in an RBI booklet on January 25. The RBI is trying to find out what the benefits of the digital edition of the rupee are and how useful it is. The RBI's booklet is working to promote the central digital currency, even if it is not a private currency, stating that the popularity of the private currency has increased in recent days, although the government and regulators are skeptical about the benefits of launching it. Also under consideration. There are no clear guidelines on cryptocurrency in India. In 2018, the government issued a circular banning the transactions associated with it, after which the Supreme Court, after hearing the entire chapter, approved the circular. The ban on

New Delhi, 29 January 2021 Friday The 30-stock Sensex closed at 46,285.77, down 1.26%, or the Nifty at 182.95 on the last trading day of the month. Points fell to close at 13,634.60. After a decline of the last five sessions, the 30-stock BSE Sensex opened 549 points higher at 47,423.47, while the Nifty started trading at 13,946 with a red mark. The Nifty rose 37.35 points to 13,854.90. The Sensex closed with 26 out of 30 declines, with all sectoral declines excluding banking and realty closing, with BSE Telecom falling the most at 2.97 per cent. Shares of Reliance Industries, HDFC and IT played a major role in the decline, with Dr Reddy's and Maruti Suzuki falling the most at 5 per cent. The Sensex has lost 2,917.76 points and the Nifty 827.15 points in the last five trading sessions.

New delhi date. 29 January 2021, Friday The country's Economic Survey for the year 2020-21 was presented to Parliament by Finance Minister Nirmala Sitaram today. According to the survey, the country's GDP will be minus 7.7 per cent in the current financial year, which is projected to decline by 7.7 per cent. According to the survey, the next year will see an improvement in the country's economy and growth of 11 per cent. The country's economy has slowed down due to the lockdown imposed by Corona. Most of the rating agencies have also announced that the country's GDP could shrink by up to 10 per cent in the current year. In the first quarter of the current financial year, GDP fell by 24 per cent. The government presents an economic survey before the budget every year. According to the survey, the agriculture sector presents a promising picture for the country's economy, while construction and communication-based services have been hit hardest by Kovid.

(Gujarat News Correspondent) Mumbai, Ta. Thursday, January 28, 2021 The January trend in derivatives ended sharply today with the continued exit of foreign funds in stocks following a record high of bullishness. The Sensex had broken the intra-day level of 9,000 points today, hitting an intra-day level of 5, from the historic high of January 31, 2018. For five consecutive days, the funds were heavily offloading in stocks. Which has declined by 200 points in the last five trading days. Funds hammered into IT-software services stocks today amid a look at the central budget now with the end of the January trend. With this came the erosion in banking, realty stocks. Funds in automobile and oil-gas stocks had short covering with selective gains. On the global front, more than 100 per cent rise in Gamestop stocks in the US in the year 2020 became a topic of discussion and the US. Amid reports from the Securities and Exchange Commission on equity markets, caution was also seen in global mar

(Gujarat News Office), Mumbai, Ta. Thursday, January 28, 2021 The overall trend in the Mumbai oilseeds market continued today. New demand, however, was slow and all eyes were now on the budget to be unveiled on Monday. Meanwhile, The Butter, Butter Oil, Cheese, Cottage Cheese Vs. However, a demand has been made to the government to remove the current GST rates of 18 per cent. These items are good for the health of the people as they have nutritional value and due to this there is a demand to remove the tax on these items. Meanwhile, in the Mumbai spot market, the price of 10 kg of cingulum oil was quoted at Rs 1,610 and cottonseed oil at around Rs 105. The prices of cingulum oil ranged from Rs 15 to Rs 1,200 and Rs 610 per 15 kg. While the price of cotton washed was Rs. The prices of cottonseed oil were Rs 1,050 to Rs 105 per quintal and the price of groundnut was Rs 30 to Rs 1,150 per quintal. In the world market, Malaysian markets were closed today, while in the US agricultural m

(Gujarat News Office), Mumbai, Ta. Thursday, January 28, 2021 MUMBAI: Gold and silver prices rose again today after a shock. World market news, however, was showing two-way fluctuations. Meanwhile, the rupee weakened in the currency market today on the back of a slump in the stock market. Against the dollar, the rupee jumped to the level of Rs. However, the British pound and the euro fell. Globally, the dollar index rose against a basket of various currencies. Meanwhile, the US Federal Reserve meeting has maintained low interest rates and hinted that it will continue to buy about ૨ 150 billion a month in bonds. After hitting a high of ૮૪ 161 an ounce today, gold prices fell again to સાંજે 150 in the evening trade. Meanwhile, the home-grown jewelery market is now keeping an eye on the budget to be unveiled on Monday. The players are keeping an eye on whether the import duty on gold and silver is reduced in the budget. Market experts were predicting that if import duty was reduced, s

Mumbai, Ta. Thursday, January 28, 2021 The plan to sell its stake in Life Insurance Corporation of India (LIC) is about to be announced in the budget of the program. Apart from LIC, IDBI Bank, BPCL and Air India are also likely to have their share sale plans outlined in the budget to be released on February 1, Finance Ministry sources said. In the current financial year, the government had proposed to raise Rs 5.10 lakh crore through disinvestment in government undertakings, but so far only Rs 15,000 crore has been raised. LIC is considering selling 15 to 18 per cent stake. The government is expected to aggressively pursue a disinvestment program in the next financial year, given the shortfall in government coffers caused by Corona. LIC has an estimated under-management assets of 200 billion. To sell the stake, the government will have to pass an amendment to the LIC Act in Parliament. The sale of stake in LIC was announced by the government only last year but due to administrati

Washington, Ta. Thursday, January 28, 2021 In addition to the growing case of Corona, the US Federal Reserve has kept the benchmark interest rate at a record low of zero in view of the slowdown in the economy. The direction of the economy is still dependent on the status of the Cora virus, Federal Chairman Jerome Powell told a virtual press conference. The recent rise in corona cases, hospitalizations and deaths in the United States has put millions of Americans in trouble and has had a serious impact on economic activity and job creation. Powell noted that it has slowed down in recent months after seeing a strong recovery in economic activity last summer, according to press reports. Speaking to reporters at the end of the first meeting of the Federal Open Market Committee in 2021, he said the economy was still far from our target of employment and inflation and it would take some time to make progress. At the end of the policy meeting, the Fed decided to keep the interest rate i

Mumbai, Ta. Thursday, January 28, 2021 The country's gold demand fell to a three-year low of 6 tonnes in 2020 from 20.50 tonnes in the 2017 calendar year. Earlier in the day, the country's gold demand was seen at 12 per cent, according to a report released by the World Gold Council. Demand for jewelery also declined by 9 per cent to 31,212.50 tonnes in 2016. In 2017, the demand for jewelery was 3.50 tonnes. Gold demand is expected to improve in the current year. In terms of value, demand for gold jewelery fell by 3% to Rs 130 crore in 2020. Demand was affected by the lockdown imposed by Kovid and the all-time high price of gold, said Somasundaram PR, managing director for India at MM Council. However, due to higher gold prices, the decline in demand in terms of value was only 15 per cent compared to 2014. In 2020, the price of gold was around Rs 30,000 per ten grams. Demand for jewelery improved in the December quarter due to easing of lockdowns and demand for festivals and

Ahmedabad. Thursday, January 28, 2021 The ruling party BJP is giving a healing touch to the people by calling the next budget a game changer. Earlier, the finance minister had said that the next budget would be given in a way that no one could have imagined. There are indications that the budget will bring about a radical change. There is a problem of peasant movement against the government. On the day of the budget, a group of farmers can hold a season. The government is now calling the budget a game changer to divert people's attention to the budget. There are many challenges facing the government. The biggest problem is the huge deficit. All eyes are on what steps the government will take to alleviate the problem of unemployment and recession. Ever since the International Monetary Fund (IMF) said that India's growth is expected to be 11.5 per cent in 2021, the finance ministry has been bursting with confidence. V-shape recovery is also expected as industrial production f

Ahmedabad. Thursday, January 28, 2021 The stock market's main index fell for the fifth day in a row today on fears of a tax hike as the budget approaches. This is the first consecutive decline in the index since September. Most of the world's markets have declined in the last one week, but Indian markets have been the biggest loser. The BSE benchmark index fell by 7.5 points to 7.5 today. It has broken around 2000 points from the top level of 2017. In one week, it has fallen by 4.5 per cent. The Nifty was down 120 points today and fell to 1912. It has broken around 1000 points from the top 12 level. In one week, it has broken 4.50%. In five trading days, the market capitalization has eroded by Rs 4.5 lakh crore as against Rs 19.50 lakh crore. Experts say investors are worried that Finance Minister Nirmala Sitamaran, who is facing shortages on the revenue front, may change the tax on capital markets to meet the deficit. The central government is really struggling with a lack

This news is especially for you if you have changed jobs after Coronation. With the change of job you get a new PF account number. But you can withdraw the deposit from your old PF account if you want. If you want to transfer the amount of your PF from the previous company to the new company, you can do this very easily now. The Employees Provident Fund Organization (EPFO) offers online facility to transfer PF. The EPFO ​​itself tweeted out the process EPFO has now made PF transfer facility online. The EPFO ​​itself tweeted about the process. Let us tell you how you can transfer the amount deposited in the EPF account to the new EPF account. Follow these steps below to transfer money Step 1: Go to 'Unified Member Portal' and LogIn the UAN and password here. Step 2: Go to Online Serrvice and click on Online Member-One EPF Account (Transfer Request). Step 3: Verify Personal Information and PF Account related to current job. Step 4: Click on Get Details. Your old job

Millions of rupees are not enough for the future in view of rising inflation today. The biggest example of this has been seen by people during the Corona crisis. You have to create a fund of Rs 1 to 1.5 crore for the future. But creating a fund of Rs 1.5 crore is not a small thing but it is possible. You can become a millionaire in a few years if you invest with planning. Options like stock market are available for investment, which can double your money in a few days or weeks, but it carries more risk. To become a millionaire, you need to think about investments that offer guaranteed and lasting benefits. At the same time, the probability of damage is zero. One such option is the Public Provident Fund. Anyone can invest in PPF anytime and anywhere. Everyone uses their savings differently. Many people also choose to invest through PPF, as there is no risk involved. If you also want to invest through PPF, you also have the opportunity to become a millionaire. You will have to keep in

New Delhi, Thursday 28 January 2021 The Sensex and Nifty closed at the red mark on Thursday, the third trading day of the week, after a day-long slump on Thursday. The market closed on Tuesday to mark the 72nd Republic Day. The Sensex has fallen more than 3 market points in the last five days, reaching 50,184 on January 21. According to government data, FDI inflows during April-November stood at અ 58.37 billion, up 22 per cent from 47 47.67 billion in the same period last year. This is the highest FDI figure in 8 months, with FDI in the stock market at 43 43.85 billion during the period, up 37 per cent from last year. According to experts, the market may fluctuate in the coming days before the end of the Union Budget and monthly deals. The quarterly results of companies will see the market fluctuate. The Federal Reserve's monetary policy is also to be announced this week. Shares of SBI, Axis Bank, IOC, BPCL and GAIL closed at the red mark, while Wipro, Hindustan Unilever, Mar

(Gujarat News Correspondent) Mumbai, Ta. 27 January 2021, Wednesday Amid the end of the January trend in derivatives on Thursday and the preparation of the Union Budget today, the stocks today rallied to soften the overbought position in stocks. After a long period of bullishness, the market is now buzzing with extraordinary erosion. Funds in banking-finance stocks had wider gaps than constant hammering. With the current agitation by farmers in the country putting pressure on the central government to withdraw amendments to the agriculture bill, it will be difficult for the government to push ahead with economic reforms in the coming days as funds are expected to ease in the next central budget. . On the global front, even before the US Federal Reserve meeting, uncertainty over the stimulus case had a softening effect on the market. With this, Foreign Portfolio Investors (FPIs), which have been buyers in stocks for a long time, are now selling into stocks and the decline intensified

(Gujarat News Office), Mumbai, Ta. 27 January 2021, Wednesday Cottonseed oil stocks rose again today at the Mumbai Oilseeds Market. Prices of various imported edible oils were seen bouncing behind the world market as well as in the futures market. As the world market grows, so does the cost of domestic imports. About 500 tonnes of imported palm oil traded at Rs 1,000 to Rs 1,050 per 10 kg in the Mumbai market today. While prices were being quoted at Rs 105 for February 1-10. The futures market was also bullish in the evening. In the Mumbai market, palm oil was trading at Rs 105 and crude palm oil CPO Kandla was trading at Rs 30, while soyoil was up at Rs 105 for digam and Rs 1,050 for refined. Sunflower was priced at Rs 150 and refined at Rs 150. There were indications that CCEA had given approval to increase the minimum sport price in Copra by Rs 5 to Rs 105. Soybean revenue was around 1 lakh times in Madhya Pradesh today and All India revenue was around 8 lakh 30 thousand times.

(Gujarat News Office), Mumbai, Ta. 27 January 2021, Wednesday Gold and silver prices fell behind the world market in the Mumbai jewelery market today. The Ahmedabad market was also down. Domestic imports have come down due to falling prices in the world market. Meanwhile, despite the stock market crash, the rupee appreciated in the Mumbai currency market today while the dollar depreciated, market sources said. In the Ahmedabad market, silver fell by Rs 200 to Rs 200 per kg, while gold by Rs 10 per kg. 200 was broken, Rs. 30,700 of 2.50 and Rs. In the Mumbai Zaveri market today, gold without GST fell from Rs 2.15 to Rs 3.15 and gold fell to Rs 5 from Rs 7.15, while silver fell by Rs 305 to Rs 20 without GST. Meanwhile, gold prices in the world, which were at ૮૬૨ 12-13 an ounce on Monday, fell sharply in two days to ૮૪ 161-14 this evening. Behind gold, silver also fell from ૬૨ 7.5 to ૬૩ 7.5 in two days in the global market to ૨ 6.15 to ૨૫ 2.50 this evening. Following the global mark

New delhi date. 27 January 2021, Wednesday The government is considering easing standards for foreign investment in various sectors, including construction, in the next budget. The consideration is part of increasing foreign direct investment (FDI) in various sectors of the country, finance ministry sources said. Considering that construction is one of the employment generating sectors, a proposal to increase FDI in construction of townships, roads, hotels and hospitals is under consideration. In addition, 100 per cent FDI in animation and gaming is to be announced in the budget to encourage home-based startups. The investment will be attracted through the Limited Liability Partnership, which is part of a revival of the Corona-affected country's economy, the sources added. Between April 2020 and September 2020, FDI inflows to the construction sector stood at 2.50 billion.

Ahmedabad. 27 January 2021, Wednesday With barely four days left in the budget, the stock market is retreating. The Sensex, which touched 20,000, has not been able to stabilize and has seen a steady retreat, sparking speculation that more gaps could be seen in the remaining days of the budget. The Finance Minister, who has signaled a change by giving a budget that no one has imagined, is taking steps so that the government can keep a close eye on those who invest in the stock market. The Sensex has broken 200 points so far after crossing the 20,000 mark on January 31. Says the finance minister wants to come up with a new formula to keep an eye on investors in the stock market. Real estate policy support seeks industrial status ... The real estate sector, which has been in recession since the Corona era, has set many expectations in the budget. The country, which accounts for about 5 per cent of the country's revenue, has been yearning for policy support in the budget for its ow