Market and Business News

- Commodity Current - Jayavadan Gandhi - Possibility of correction in spice items due to income pressure Nowadays the Holi festival is coming with the echo of Russia-Ukraine war. Inflation in Indian markets is at an all-time high, with petrol-diesel as well as most commodities including gold-silver and spices, oilseeds, pulses on the rise. The atmosphere is heating up, especially in edible oils and spices. In the last fortnight, prices of edible oils have gone up by Rs 10 to Rs 15 per liter and spices by Rs 20 to Rs 5 per kg. The same is true of beans. From 5 to 20 in the last week of February. Turmeric- Coriander has gone up by Rs 20 and chilli by Rs 15 per kg. Rayda oil prices are at a high of Rs 15-150 and refined oil is hovering around Rs 150-14. Edible oils are yet to become self-sufficient. At present 30 to 5 quantity of edible oil depends on imports. Apart from palm oil, other refined oils are mostly imported from Argentina, Brazil and Ukraine while palm oil is imported from

- In the family feud of the industry, the new generation has been fighting for decades to name the brand after itself. The history of industries in India is through family merchants or businessmen. Businesses that started decades or centuries ago split when they fell into the hands of a new generation. In some cases after the split there is a quarrel for the brand created by the next generation. Sometimes the matter is settled through mediation and sometimes the quarrel reaches the court. Currently running between the 12 year old Kirloskar group and the 5 year old hero group. In both cases, the family members are fighting in the court. This is not the first case in India's corporate history, it may not be the last! It is important to understand what a brand is before we learn more about controversy. Philip Kotler, who has been in the marketing field for almost six decades and is considered as the father of marketing in the world, says, Who makes this based on name, word, symbol.

Adverse effects on Indian currency, bonds and stock market in the wake of Russia-Ukraine war The rupee continued to depreciate against the US dollar against the dollar. The dollar had crossed the 7 level last week. The dollar was heavily sold by public sector banks on behalf of the Reserve Bank of India. But even that has not benefited the rupee much. This is the biggest fall in the rupee on a weekly basis in the last 11 months. The rupee has depreciated 1.18 per cent against the dollar in the past week. The Indian currency appears to be at an all-time low. If crude oil prices continue to rise, the rupee could touch સ્તર 5 against the dollar. Some believe that by the end of March, by the end of the military conflict between Russia and Ukraine, the rupee could begin to slide below the સ્તર 5 level. 'There are few occasions when financial markets are volatile due to geopolitics. Something similar has been happening for the last two weeks. The war between Russia and Ukraine is aff

- Google Ad and Social Media Pages Reveal Fraud by Taking Consumers to Bogus Electric Vehicle's Website Technology is being misused for cyber fraud, hacking more than it is being used for good purposes. The Government of India is promoting battery-powered electric vehicles to reduce the huge import bill and pollution of crude oil. In which ile. Consumers are being offered many benefits including government subsidy on vehicle purchase. Even then, the stakeholders are leaving no stone unturned to take advantage of the innocence of Indian consumers. Hackers are cheating Indian consumers by creating a bogus website for an electric vehicle company. A research has revealed that a phishing campaign is being run through Google Ad on a wide-ranging search agency targeting electric vehicle sellers and consumers in India. It is estimated that about four to eight crore rupees were embezzled from Indians in this fraud. In other words, a lot of money has been cheated. A security firm, CloudS

In the wake of the war, international crude oil prices rose above USD 120 per barrel last week for the first time in nine years. Fuel prices will rise after the results of various state assembly elections are announced this week. At present, Rs. Prices are likely to rise sharply from 10 to 12. According to the Petroleum Planning and Analysis Cell of the Ministry of Oil, India's basket of crude oil purchases rose to ૧ 114.5 a barrel on March 8, the highest since 2014. At the time when petrol and diesel prices stabilized in early November last year, the Indian basket of crude oil averaged ૫ 71.8 a barrel. Now with the state elections coming to an end next week, the rise in daily fuel prices for both gasoline and diesel is expected to resume. Auto Fuel Net Marketing Margin Minus Rs. 3.5 per liter and from FY22 to today's Q4, Rs. However, on March 17, the net margin fell to minus Rs. 10.1 per liter and on April 1 minus Rs. 12.5 may occur. A sharp decline in net auto fuel marketin

- Tomorrow is Women's Day: Women have reached the top in the business world and in the corporate world ... - Women have the ability to make the impossible possible. Women have reached new heights in the field of industry. Women's dominance is also seen in challenging areas like Unicorn. If you look at the five women leaders in the corporate sector of India, they include Aarti Subramaniam, Roshni Nadar Malhotra, Renuka Ramnath, Indrapit Sahni and Riju Vasishtha. India's Top 10 Women Entrepreneurs Here is a list of the top 10 keeping in view the daily reports and the enthusiasm of women entrepreneurs. Women's Day tomorrow. Women are now seen on a large scale in the business sector. There was a time when women were seen in their family business but if you look at the list of women entrepreneurs, you will realize that these people have achieved success in many fields of industry. The country's finance minister is Nirmala Sitharaman, who is often seen promoting wo

New Delhi: In the new financial year starting April 1, third-party vehicle insurance can be as expensive as 15 to 6 per cent for vehicle owners. For the first time in two years, Corona's premium will rise. The Ministry of Road Transport has announced the proposed rates for third party motor insurance for the financial year 205-2 after discussions with the Insurance Regulatory Authority of India (IRDA). The new premium rates will be applicable from April 1, 207. Third party insurance is now mandatory for all vehicles running on the road in the country. As the cost of vehicles and fuel prices continue to rise, the rising premium rates will now have to bear the brunt of falling drivers. Under the new premium rate, Rs. For 2,05,1000 cc to 1,200 cc cars Rs. For cars above 5,612 and 1,200 cc, Rs. You will have to pay a premium of Rs. If we talk about two-wheelers, the third party insurance for two-wheelers between 150 cc and 50 cc is Rs. For two-wheelers above 1,2 and 20 cc Rs. 5,505

(Gujarat News Office) MUMBAI: The bullion market in the Mumbai jewelery market was officially closed today due to Saturday. However, market sources said that the rise in the price of precious metals in the closed market has led to a new uptrend. Domestic import costs have skyrocketed as global markets have rallied. With the dollar also bouncing against the rupee, the jewelery market has found a new reason for its rally. Gold prices in the world market were hovering around ૯૭૨ 15 to ૯૭ 17 an ounce, up from ૯૪૮ 15 to ૯૭ 121 an ounce over the weekend. Behind gold, the global silver price also jumped from ૨ 7.31 to ૨૨ 4.5 an ounce to ૭૫ 6.5 and last traded at ૭ 4.50 to ૭ 7.31. In the Mumbai market today, the price of silver with GST crossed the level of Rs 30,000 per kg. In the Ahmedabad jewelery market, gold prices jumped by Rs 500 per 10 grams to Rs 2,000 today, hitting Rs 9,000 at Rs 9.50 and Rs 500 at Rs 9.50. Now the market players were keeping an eye on Rs 5,000. In the Mumbai mar

(Gujarat News Office) MUMBAI: Prices of various imported edible oils moved lower in the Mumbai Oilseeds market today. The new demand was wing. World market news was showing a retreat. The market was watching the events in Russia-Ukraine. Soyoil prices fell by 120 points in overnight trade in US agricultural markets. As a result, palm oil prices in Malaysia are now expected to open lower on Monday, experts said. In the Mumbai spot market today, the price of 10 kg of imported palm oil fell by Rs 150 while crude palm oil CPO Kandla fell by Rs 1,200. Soyoil prices fell to Rs 150 for digam and Rs 15 to Rs 150 for refined. The price of refined sunflower was quoted at Rs. However there were new deals wings in the sunflower amidst the present Mali shortage. Meanwhile, prices of mustard and domestic refined oil declined by Rs 150 and Rs 150, respectively. Peanut oil was priced at Rs 120 and cottonseed oil at Rs 120. On the Saurashtra side, the price of cingulum oil was Rs 15 to Rs 1,200 and

(Gujarat News Correspondent) MUMBAI: Global financial and commodity markets have seen a major upheaval in the past week as global geopolitical tensions escalated in the wake of the Russia-Ukraine war crisis. As global stock markets plummeted, Indian stock markets remained unaffected, with rising tensions and international crude oil prices approaching બ્રે 150 a barrel, with record highs in industrial metals, aluminum, zinc and steel, the biggest rise in 30 years. India's worries have been heightened by the sharp rise in commodity prices and the rise of the US dollar against the rupee. On the economic front, a clear indication that India will also have to bear the brunt of the negative consequences of this war is that the Sensex has fallen to 9 and the Nifty to the bottom of 1912. Inflation has been soaring in India as well as in Europe and US markets, which have been hit hard by inflation, at a time when the Ukraine war has exacerbated the situation. As Ukraine and Russia have not

MUMBAI: After the manufacturing sector, February saw an increase in activity in the country's service sector. However, the Purchasing Managers' Index (PMI) of the service sector has remained moderately high compared to the manufacturing sector. The services sector's PMI rose to 61.20 in February from 31.40 in January. A survey report released by IHS Markets stated that Omicron did not significantly affect service sector activity. The service sector PMI was at a six-month low in January as a result of the spread of Omicron and the regulations imposed by various states due to it. PMI above 50 is said to be the development of the sector. Service sector activity was expected to pick up sharply in February, given the relaxation of regulations by state governments, but no such increase was reported, the report said. February's PMI has seen the second slowest growth since July last year. Inflationary pressures, raw material shortages and local elections slowed growth. Ra

(Gujarat News Office) MUMBAI: The rupee depreciated further against the dollar in early trade today on the back of the dollar. Market analysts said that the pressure on the rupee has increased amid a retreat in the stock market and higher crude prices. The dollar opened at Rs 4.05 this morning and touched a high of Rs 4.5 to Rs 6.15. The rupee had lost another 3 paise today. Analysts said that the dollar had touched a 52-week high of Rs 6.5 today. The rupee has been depreciating sharply for the last four days. According to currency market sources, various banks have recently bought dollars for oil companies. However, the possibility of banks selling dollars instead of buying dollars was also being discussed in the currency market today if the RBI's signal comes now that the dollar has appreciated. With the Reserve Bank of India (RBI) having a large reserve of foreign exchange reserves, there was talk of a break in the dollar's rise. Meanwhile, the dollar index against vario

MUMBAI: Concerns are being raised that if the Russia-Ukraine war drags on, it could lead to a crude oil crisis similar to the 1990s. Analysts at IHS Markets said it would not be a surprise if crude oil supplies were disrupted by Russia's invasion of Ukraine, reaching the level seen in the 1990s. The sanctions imposed on Russia's banking system by the United States and its allies have created a backlash against Russia's oil. Many of the world's banks, ports and cargo ships are currently choosing to stay away from Russian crude oil. The current crude oil crisis looks like a ban on Arab oil in the 1960s and a crude oil crisis during the Iranian revolution, sources said. Both of these events shook the crude oil in the 180's. Although the United States and its allies have not yet imposed sanctions on Russia, significant amounts of Russian crude oil have disappeared from the market. Russia exports 3 million barrels of oil and processed goods daily. This will continue

(Gujarat News Office) MUMBAI: The Mumbai jewelery market rallied today. Russia's gold price jumped from ૯૨૮ 15 to ૯૨૯ 12 an ounce and crossed ૯૫ 120 to થી 120 to ૯૫ 121 to ૯૪૮ 16 to ૯૪૯ 16 an ounce in the world market today due to rising tensions between Russia and Ukraine. Import costs of precious metals have risen as the world market has risen and the rupee has weakened at home. Silver also rose by 2.3 per ounce to ૨૨ 6.51 an ounce in global trade. At home, silver prices in the Ahmedabad market rose by Rs 200 per kg to Rs 2,000. Ahmedabad gold price was quoted at Rs. Platinum prices in the world market rose from ૯૪ 105 to ૯૫ 105 to ૯ 1031 to ૯૨ 105, while palladium prices rose to ૬ 205 to ૭ 205 an ounce from ૨૮૮૯ 5 to 90. The world market has seen a big jump in crude oil prices. Brent crude, which had touched a high of ૨ 150 a barrel, was at a low of ૦ 110, a high of ૪ 115 to ૫ 115 and a high of ૨ 115 to ૩ 115. Crude prices fell sharply amid speculation that Iran's oil su

(Gujarat News Office) MUMBAI: The Mumbai Oilseeds market witnessed a sharp rise in prices of various domestic and imported edible oils today with a break in prices. World market news was showing a sharp bang from the high headlines. Players were stunned today when palm oil futures in Malaysia fell by 20 to 5 points. In the United States too, soyoil prices fell by 150 to 15 points in projection. In Malaysia, the price of palm products fell by થી 60 to આજે 70 today. Meanwhile, the government has increased the effective exchange duty on various edible oils imported into the country by raising the dollar exchange rate for importers to Rs 2.5 per liter, market sources said. Such effective import duty has been increased from Rs. 8 to Rs. 115 per tonne. In the Mumbai spot market today, the price of 10 kg of cingulum oil was Rs 130 and cottonseed oil was Rs 150. Mustard was priced at Rs 120 and refined at Rs 150, while on the Saurashtra side, cingulum oil was priced at Rs 15 and 15 kg at Rs

Investors' wealth in stocks fell by Rs 2.5 lakh crore to Rs 4.5 lakh crore (Gujarat News Correspondent) MUMBAI: Amid escalating war crisis between Ukraine and Russia and Russia's air strikes on Europe's largest nuclear plant, global warming and the US offer to lift conditional sanctions on Russia could escalate into a war of attrition. The cleansing was steadily increasing. On the global front, the international price of crude oil has reached close to ડો 150, record rise in prices of industrial metals including aluminum and zinc, sharp rise in steel prices, rise in coal prices, rising food prices and rising steel prices. Amid reports that a short-term hike of Rs 15 per liter in petrol and diesel prices in India is inevitable for oil marketing companies, the funds today called for a general crash in stocks. Consumer durables, automobiles, banking-finance, power-capital goods, healthcare, realty, FMCG stocks were sold. The Sensex was down 2.4 points at 3.31 and the Nifty sp

Corona treatment costs exorbitant prices to wreak havoc New Delhi: The government is preparing to whip up the price of drugs once again after the treatment of corona infection was ruined. For the first time in many years, the government is going to increase the prices of the National List of Essential Medicines (SHNIS) by about 10 per cent. If this happens then the problem of inflation will worsen and the cost of medical treatment for the people will increase many times over. The annual increase in the price of drugs included in the NELM list is based on wholesale inflation. The drugs included in this list are considered essential drugs and are used in government health programs in addition to retail sales. The drugs included in this list are used to treat diseases such as fever, infections, heart disease, hypertension, skin diseases and anemia. These include paracetamol and antibiotics such as azithromycin used in the treatment of bacterial infections, anti anemic prescriptions su

(Gujarat News Office) MUMBAI: The rupee depreciated sharply against the dollar in the Mumbai currency market today, pushing the dollar higher in the current market and reaching a near high of Rs 5 at one point, market sources said. The rupee has come under increasing pressure in the currency market amid rising crude oil prices in the global market and a retreat in the domestic stock market. After opening at Rs 4.5 today, the dollar was trading at a low of Rs 2.50 and a high of Rs 4.5 and a high of Rs 4.31. The rupee had lost another 15 paise today. With the dollar hitting a 52-week high of Rs 4.5, analysts were predicting a sharp rise in the dollar to a 52-week high. The euro plunged to a 21-month low against the dollar in global markets amid fears of a major economic blow to Europe in the wake of the Russia-Ukraine war. In global markets, the dollar index rose to a high of 7.5 and a high of 7.5. In the Mumbai market today, the price of British pound jumped from Rs 101 to a high of

(Gujarat News Office) MUMBAI: The Mumbai jewelery market was hit by a sharp rise in prices today. With crude oil rebounding in the world market, buying of funds in gold increased again. Demand for gold has also risen to hedge against inflation as crude inflation rises. Gold was trading at ૩૩ 4.5 an ounce, up from ૯ 6.05 an ounce in global silver today. The rising cost of precious metals has risen on the back of rising dollar against the rupee at home and in the global market, which has led to a rebound in jewelery prices today. In the Ahmedabad market, gold prices rose again by Rs 500 per 10 grams to Rs 7,000 from Rs 2.50 and Rs 800 from Rs 7.50. Ahmedabad silver rose by Rs 200 per kg to Rs 200. In addition to global crude, copper prices rose further by 1.5 to 1.50 per cent today, affecting global silver prices. Meanwhile, the price of platinum in the world market today rose from ૬૬ 105 to ૬૭ 105 an ounce to ૯૫ 103 to ૯૬ 105 to ૯ 1031 to ૯૨ 105. Palladium prices, which were at 200,

(Gujarat News Office) MUMBAI: Imported edible oils rose in the Mumbai oilseeds market today. The world market was rebounding. There was news of rising edible oil prices in the world market due to the rise in crude oil. As Malaysia rose, soyoil prices in the US rose 31 to 3 points in the projection today. In the Mumbai spot market, the price of 10 kg of imported palm oil went up by Rs 150 to Rs 12. However, as demand slowed down, trade was barely 50 to 100 tonnes. Crude palm oil CPO Kandla was priced at Rs 150 to Rs 150. Soyoil prices were quoted at Rs 1,200 for digam and Rs 1,200 to 1,310 for refined. Sunflowers were not traded. Mustard was priced at Rs 120 and refined at Rs 150. Peanut oil was trading at Rs 150 while cottonseed oil was trading at Rs 15. On the Saurashtra side, there were indications that the price of cingulum oil would be Rs. Meanwhile, in the castor futures market, the record high today was broken and the price of Bhav Kiv fell by Rs 150 to Rs 15. Meanwhile, casto