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Jay Kotak, son of billionaire banker Uday Kotak, has recently announced the name of his fiancee. Amid engagement rumours, Jai Kotak congratulated former Miss India Aditi Arya on her graduation from 'Yale University'. Jay himself has shared the information of his fiancee's success on Twitter. Aditi is 'Beauty with Brain' Aditi Arya has completed her MBA. 29-year-old Aditi is not behind in beauty either. Aditi has been Miss India 2015. She is also a model and actress. Apart from Hindi, he has acted in Telugu, Tamil and Kannada language films. Jai Kotak reveals about his fiancee's name In a tweet about his fiancee, Jai Kotak wrote, My fiancee Aditi completed her MBA from Yale University. I am proud of that. Apart from this, he also shared two pictures of Aditi Arya. Aditi, my fiancée, completed her MBA from Yale University today. Immensely proud of you @AryaAditi pic.twitter.com/xAdcRUFB0C — Jay Kotak (@jay_kotakone) May 24, 2023

Jay Kotak, son of billionaire banker Uday Kotak, has recently announced the name of his fiancee. Amid engagement rumours, Jai Kotak congratulated former Miss India Aditi Arya on her graduation from 'Yale University'. Jay himself has shared the information of his fiancee's success on Twitter. Aditi is 'Beauty with Brain' Aditi Arya has completed her MBA. 29-year-old Aditi is not behind in beauty either. Aditi has been Miss India 2015. She is also a model and actress. Apart from Hindi, he has acted in Telugu, Tamil and Kannada language films. Jai Kotak reveals about his fiancee's name In a tweet about his fiancee, Jai Kotak wrote, My fiancee Aditi completed her MBA from Yale University. I am proud of that. Apart from this, he also shared two pictures of Aditi Arya. Aditi, my fiancée, completed her MBA from Yale University today. Immensely proud of you @AryaAditi pic.twitter.com/xAdcRUFB0C — Jay Kotak (@jay_kotakone) May 24, 2023

Gold and silver prices are seeing a big drop today. 24 carat gold has touched close to Rs 60,000 in the bullion market today. While the price of silver has also reached close to 70,000 rupees. 24 carat gold was priced at Rs 60,228 in the bullion market today, down by Rs 452 per 10 grams compared to yesterday. While the price of silver has decreased by 817 rupees to 70,312 rupees per kg. Carat Price (Rupees/10 Grams) 24 60,228 23 59,987 22 55,169 18 45,171 Gold may reach 65,000 by the end of the year The gold super cycle which started in the year 2020 is still going on. Gold was expected to touch Rs 62,000 this year, but given the current scenario, it looks like it could touch Rs 64,000 per 10 grams. Gold is getting support due to the ongoing ups and downs in the stock market. Due to this, gold can reach Rs 65,000 per 10 grams by the end of the year. Prices published by IBJA In the bullion market, gold fell to Rs 1,511 from its all-time high. The spot price of 24 carat gol

image: Twitter A great achievement has been attached to the name of Tata Group. It has been included in the list of top-50 most innovative companies in the world. The special thing is that it is the only Indian company in this list. The list of Most Innovative Companies of 2023 was released on Wednesday by the Boston Consulting Group. Tata Group is at 20th position. Introducing: Our 17th annual 50 Most Innovative Companies of 2023. Since 2005, our portfolio of the #50MostInnovative companies has outpaced the broader market in shareholder return by an average of 3.3 percentage points per year. Our full report: https://t.co/zSiiXZ1LSK pic.twitter.com/0ehGlOWueP — Boston Consulting Group (@BCG) May 23, 2023 Ranking is given based on these parameters The list is released annually by the Boston Consulting Group. It monitors companies from around the world on several parameters including their performance, capacity and innovation and ranks them based on that. Tata Group, one of the

image: Twitter RBI Governor Shaktikanta Das has made a big statement about the rate of economic growth of the country in the financial year 2022-23. He said that the country's economic growth rate is likely to be more than 7% in the financial year 2022-23. At the annual convention of the CII (Confederation of Indian Industry), the RBI governor warned the industry that the threat on the inflation front is not yet over. He clearly said that the central bank decides the repo rate keeping in view the real situation. Important remarks by RBI Governor at CII convention RBI Governor Shaktikanta Das said at the CII's annual convention that GDP growth could be 7% for FY 2022-23. There is also a possibility that it may go beyond that. It would not be a surprise if last year's GDP growth rate rose slightly from 7%. According to Shaktikanta Das, the economic growth rate during 2023-24 is expected to be 6.5%. Uncertainty in the global geopolitical situation Addressing the big indu

- Inflation is currently under control but the effect of El Nino on monsoons needs to be monitored - 'India showed prudence even when interest rates were raised and kept constant' New Delhi: The Reserve Bank today poured cold water on market expectations that interest rates will come down in the coming days as inflation in the country continues to decline. Addressing a meeting of the Confederation of Indian Industries (CII) in New Delhi, Reserve Bank Governor Shaktikanta Das said that the war against inflation is not over and there is no reason to be complacent. 'The war against inflation is not over yet. The situation is very variable. There is still a need to be cautious and not complacent. It is important to keep an eye on El Nino when there is a threat forecast,' said Das at the CII meeting. Consumer Price Inflation is taken into account to determine the interest rate in India. CPI was 5.66 percent in March and 4.7 percent in April. The Reserve Bank's monet

Precious metal range bound in the world market: Rupee continued to advance against the dollar MUMBAI: Global gold and silver have remained rangebound for some time now amid persistent uncertainty over the debt ceiling hike in the US approaching. Investors are also feeling confused and seem to be vacillating between the dollar and gold. On Wednesday, gold and silver recovered from the lows in the global market and the dollar index also rose. Prices of precious metals also rose at home. Crude oil is facing a situation like a boiling point due to the threat of oversupply. The price has been bullish and crossed the $78 level intraday. The rupee advanced against the dollar. At home in the Mumbai market, the price of ten grams of 99.90 gold rose to Rs 60,680 without GST. The price of ten grams of 99.50 was Rs 60437. With GST, the prices were raised by three percent. The price of silver .999 per kg without GST was Rs 71129. With GST, the prices were raised by three percent. Gold of 99.90

China's economic recovery is expected to slow... MUMBAI: As hopes of China's economic recovery to pick up pace this year dimmed and the whispers of an economic slowdown rising over new challenges, copper-copper prices in the world market collapsed, falling below the $8,000 per tonne level for the first time in six months. Economic recovery was expected to accelerate after the end of Zero Covid Policy in China. But copper prices have collapsed more than seven percent this month alone after disappointing economic growth figures from China, the world's biggest consumer. Global industrial metal prices have fallen in recent days as new demand falters and the possibility of large capital spending on property or infrastructure in China recedes. Metal markets have seen pressure on prices after China's disappointing April macro data. In the London Metal Exchange, three-month copper prices fell by $25.50 to $8102 in the evening, aluminum prices fell by $36.50 to $2227, zinc p

Reserve Bank grounds to prevent rupee depreciation Forced to sell 120% more gold in 2022-23 than last year AHMEDABAD: The Reserve Bank of India has sold a total of $213 billion worth of foreign currency in the financial year 2022-23. According to the figures released by the central bank in its monthly bulletin on May 22, this figure is 120 percent higher than in 2022. The RBI sold significant dollars in 2022-23 in an effort to reduce volatility in the rupee exchange rate following the turmoil in global financial markets following Russia's invasion of Ukraine in February 2022. Apart from instability in financial markets due to the war, the rupee has been under significant pressure due to a sharp rise in import bills due to rising global commodity prices in 2022-23. Talking about the monthly figures, the Central Bank bought a net of $750 million worth of foreign currency in March. It sold $6.16 billion against a total purchase of $6.91 billion last month. Further, according to t

- UK Erosion behind Europe, gaps in global markets as crude boils - Nifty down 63 points to 18285: attraction in consumer durables MUMBAI: The US may be on the brink of defaulting on debt ceiling hikes, with the Biden administration currently facing uncertainty over whether to raise the debt ceiling as a result of new economic challenges for China and supply cuts in crude oil and increasing US strategic reserves. The sentiment of the global stock markets also weakened further with a crash in the prices of industrial metals in the world market due to the fear of a global recession due to the increase in prices. Inflation in the UK rose more than expected, leading to a big wash in European markets. Along with the global markets today corporate results including Hindalco disappointed, in the Indian stock markets also the funds booked profit in banking-finance, metal-mining, automobile stocks, the index based market turned soft again. Apart from selective buying in select consumer durab

Soybean oil prices fell further in the world market However, market likely to stabilize on lower headlines in Singoil: Castor futures fall further: Palm oil production rises in Malaysia Mumbai: Prices of various domestic and imported edible oils continued to decline in the Mumbai oilseeds market today. The new business was Dima. Bairo was waiting for the market to stabilize. Saurashtra markets were also sluggish. However, the weather in the world market was mixed. Meanwhile, palm oil futures in Malaysia today were 24 points softer for the nearest delivery, while the prices for later delivery were in the range of 15 to 28 points plus. There, palm product prices were reduced by two and a half dollars. Meanwhile, soybean oil prices in the US agricultural markets were further 15 points minus the projection today after falling 101 points overnight. At home in Saurashtra, the price of washed cotton was reduced to Rs.825. Saurashtra single oil prices, however, continued to fall. Markets w

There is bad news for India in terms of FDI. For the first time in 10 years, FDI in the country has declined by 16.3 percent to $71 billion in FY 2022-23. This is the first and biggest decline in the tenure of the Modi government. This information has been given in a report issued by the Reserve Bank of India. Earlier, the FDI figure for FY 2021-22 was $84.8 billion. This is the first and biggest drop in FDI in a decade This major drop in the country's foreign direct investment is no less than a setback for the country. RBI has reported these figures in its monthly bulletin State of the Economy. Accordingly, this is the first and largest decline in FDI in over a decade, along with a decline in net FDI. Net FDI has decreased so much According to the RBI, the net FDI figure for FY 2021-22 was $38.6 billion, down 27.5 percent to $28 billion from the previous fiscal year. In which sectors did FDI decline? According to the data, the sectors where FDI has declined the most include

In the last financial year i.e., 2022, India's GDP has crossed 350 lakh crores for the first time. India will become the fastest growing G-20 economy in the next few years, global rating agency Moody's said yesterday. But it will require some improvements. According to the World Bank, India's GDP in 2021 was Rs 263.5 lakh crore. The pace of foreign investment in India may directly decrease However, Moody's said in a research report, bureaucracy can slow down the process of obtaining various licenses and setting up businesses. It can increase project duration and cost. Moody's Investors Service said, "The delay in decision-making will directly reduce the pace of foreign investment in India." Especially when India is in strong competition with other developing economies in Asia-Pacific such as Indonesia and Vietnam. What is GDP? GDP is the most common indicator used to track the economy. GDP represents the value of all goods and services produced within

image : Twitter The wealth of the world's top billionaires is witnessing a tsunami. From number one billionaire Bernard Arnault to Jeff Bezos... Bill Gates to Warren Buffett, all the rich have lost huge chunks of their wealth in the last 24 hours. Amazon boss Jeff Bezos has suffered the most, while Bernard Arnault is second in terms of wealth loss. What is special is that while the net worth of all the rich has declined rapidly, the wealth of Indian industrialists Gautam Adani and Mukesh Ambani has increased. Let's take a look at the latest ups and downs in the billionaires list. These rich people lost the most wealth According to the Bloomberg Billionaires Index, 18 of the top 20 richest people have lost their wealth in the last 24 hours. Jeff Bezos suffered the biggest loss, losing $19.8 billion in his net worth, or about Rs. 1,63,909 crore has decreased. With this decline, his net worth has come down to 139 billion dollars. However, Bezos is still the third richest perso

The world saw a rise in digital payments over cash at the time of purchase Cash transactions are declining in India, now only 27 percent of payments are by cash AHMEDABAD: The amount of cash in payments made by customers at the point of sale at shops, malls or counters across the world is decreasing due to the measures taken by various governments to stop cash transactions and digital payments. In the year 2021, cash payments of about 11.6 lakh crore dollars (about Rs. 950 lakh crore) have decreased to 7.6 lakh crore dollars (about Rs. 623 lakh crore) at the end of 2022, it has been concluded in the FIS Global Payment Report. According to the forecast of this report, the volume of cash transactions will further decrease to 6 trillion dollars in the year 2026. As the popularity of United Payment Interface (UPI) and payment wallets are increasing in India, over-the-counter payments in cash are also declining in India, the report said. According to FIS, in 2019, 71 percent of transac

Rupee strengthened against global currencies including dollar MUMBAI: Precious metal prices retreated significantly as the dollar strengthened in global markets on signs that talks on raising the US debt ceiling on Monday were positive. There was a big bang in Sonachandi at home behind Vishwa Bazar. Ahmedabad Silver Rupees 2000 was broken. In the domestic Mumbai market, the non-GST price of gold at Rs 99.90 per ten grams, which was Rs 60,829 on Monday, fell by over Rs 400 to Rs 60,342 on Tuesday. The price of ten grams of 99.50 gold was Rs 60100. With GST, the prices were raised by three percent. The non-GST price of silver. With GST, the prices were raised by three percent. In Ahmedabad, gold of 99.90 was priced at Rs 62,300 per ten gram while the price of ten grams of 99.50 was priced at Rs 62,100. Compared to Monday, gold was quoted at Rs 500 lower. Silver .999 per kg was reduced from Rs 73,500 to Rs 2,000 to Rs 71,500. In the world market, gold was priced at $1958 per ounce wh

Conditions are favorable for banks as credit demand remains high amid low funding costs Mumbai: Due to the decision to withdraw Rs 2000 notes, there is a possibility of seeing an increase in the income of the country's banks in the current financial year as well. In the last financial year, the accumulated profit of public sector banks crossed one lakh crore rupees. Banks have started exchanging notes of Rs 2000 from today. Withdrawal of currency notes will increase note inflows in banks Large deposits will see a reduction in cost of funds of banks as deposits of Rs 2,000 notes will mostly come in current accounts, an analyst said. Savings accounts and deposits have to pay interest to the depositors, but banks rarely have to bear such costs in current accounts. The interest rate on savings account remains relatively low. According to an estimate, an increase of two lakh crore rupees can be seen in the deposits of banks by the end of September. According to the latest figures o

India's GDP to cross $3.5 trillion: Moody's New Delhi: In 2018, Prime Minister Narendra Modi called for policies to be formulated for a five lakh crore dollar economy. However, the impact of the corona epidemic and lockdown on the economy was seen on the chances of the economy achieving this achievement by 2025. Now, according to the report of the credit rating agency Moody's, the size of the Indian economy or GDP has crossed 3.5 trillion dollars in the calendar year 2022, which has been released today. Moody's said that among the leading G20 nations, India will remain the fastest growing country for several years but economic reforms and policy constraints may impact investment in the country. Moody's said bureaucracy is delaying getting the necessary licenses to start the business, increasing the time to start the project. 'Investment attractiveness in India is declining due to India's bureaucracy in foreign direct investment. Vietnam has higher delays

Caution Amid Uncertainty Over US Debt Ceiling Raise Nifty up 34 points to 18348 : Selling in capital goods stocks : Selective buying in small, mid cap stocks Mumbai: In contrast to the overall softness amid caution in the global markets as the deadlock on raising the debt ceiling in the US is yet to be resolved, Indian stock markets continued their bullish streak today with foreign funds and local funds continuing to be buyers. The positive factor of increasing liquidity in the banking system following the Reserve Bank of India's announced decision to withdraw the Rs.2000 currency note, retail investors' shareholding in the stock markets in the coming days led to renewed buying in local fund stocks yesterday. Along with this, with the overall encouraging season of corporate results ending March 2023 and the possibility of re-rating of stocks in the coming days due to the positive outlook of many companies, the funds initially saw valuation increases in Adani Group, Finance,

- Impact of demonetisation, TCS and travel season jolted the foreign exchange market - There is a rush to buy dollars, pounds and dirhams through hawala Ahmedabad, 23 May 2023, Tuesday The Reserve Bank of India announced the withdrawal of Rs 2,000 notes on Friday. The announcement led to a surge in demand for dollars, euros and dirhams in the private, cash-traded foreign exchange market. Tourists are now going out of the country due to vacation and since the central government has announced 20 percent tax collected at source on payments in foreign currency from July 1, even then there was a huge demand for cash dollars, the new factor is that the price of the incoming dollar has risen to 88.30. Market sources say. Even when demonetisation came in 2016, some people lined up the scrapped Rs 500 and Rs 1000 notes they had on hand to buy gold and US dollars. This time the volume of Rs 2,000 currency notes is less than that time but those who have them are rich and most of them are una