Market and Business News

- The white paper listed six risks associated with the use of AI in the advertising industry It will be mandatory for advertisers using generative artificial intelligence (AI) as input to generate bound licenses and permissions. Advertising Standards Bureau of India issued this directive. In a white paper published titled Generative AI and Advertising, the Advertising Standards Bureau said that if any technology is used to create content, prior permission will be required for commercial use. This white paper outlines six risks associated with the use of AI in the advertising industry. Apart from this, it also mentions the statutory provisions under which the violation is prosecuted. The biggest risk is related to the copyright rights of a piece of content. AI uses things that are already available on the Internet. AI is picking up this content and providing it with its own interpretation. In such a situation, the question arises whether there may be any legal or copyright related r

- Bhoo Bazar : Dilip Shah - A new record has been created due to increase in imports: There are indications that the stock has been accumulated to meet the demand of the country for 45 days: Prices will remain under control. There has been a reversal of trends in the agricultural sector in the country. Although there has been an overall increase in various agricultural products at home, the agricultural world still continues to rely on the import of pulses and edible oils as the domestic production is less than the internal demand in terms of pulses, pulses and oilseeds. The informants said. Due to this, the import of various pulses and various edible oils in the country has been seen increasing recently. Oil market sources said that palm oil, soya oil and sunflower oil are mainly imported in the country. With the beginning of the month of August, various festive seasons have started in India and the demand for edible oils and pulses in the country usually increases during the festi

- Challenging situation for the country due to high crude oil prices, global recession and uncertain monsoon The country's economic growth rate was better than expected at 7.20 percent in the last financial year. The expectation was seven percent. In view of the high economic growth rate of the financial year 2022-23, the Gross Domestic Product (GDP) figure for the current financial year was being presented at the beginning of the current financial year to be attractive. However, as the current year's monsoon is uncertain in the country, due to the increase in the prices of food grains, pulses and vegetables, policymakers are wondering if the exercise of the Reserve Bank to reduce inflation in the last financial year has failed. In view of the high inflation, the Monetary Policy Committee (MPC) of the Reserve Bank of India unanimously decided to keep the repo rate unchanged in its August meeting as well. However, the inflation estimates for the current financial year have be

- Boolean Bits - Dinesh Parekh - In the world market, by the end of the year, the price of gold will increase from 2075 to 2100 dollars per ounce. America's financial position is improving in the vs free market. Investors are coming to invest in Treasury Bills instead of gold as investors are getting higher returns on Treasury Bills and not getting much profit in gold interest or any other form of gold income - Gold prices fell below $1900 an ounce and hit a low of $1889 as investors were moving away from gold. On Thursday, the price was quoted at 1897 per ounce at Comex in New York. Gold hit five-month lows, signaling dollar strength. After March 2023, gold traders from UAE, quoting gold prices below $1900 per ounce, have come into a frenzy and started buying gold at lower prices. Also, oil money transactions between India and UAE are not in dollars, but in the currency of UAE and India, dollar option has been supported. Which may lead to a slow start of gold trading in local

- The dragon has fallen ill and attempts to treat it are ineffective Whether it's the recent falling stock market in India or the US Federal Reserve's hint that interest rates will be hiked further, China's weak economic conditions are being blamed for many events. China's high debt and low consumption situation is increasing world concern. Its fire is also affecting relatively prosperous India to some extent. It is noteworthy that China's population is declining and unemployment is increasing. The unemployment rate among 16 to 24-year-olds has soared to 21 percent in cities, and the alarmed government has stopped publishing the data. At present, the property sector is in the worst condition in the entire country. Evergrande, China's largest real estate company, has filed for bankruptcy in the United States. In other words, the company has sought protection so that Chinese claimants cannot seize the company's assets in America. This is the same company t

Another revelation of funds round tripping by corporate juries is in the offing A knock-on effect could be seen on the country's financial markets Mumbai: The Organized Crime and Corruption Reporting Project (OCCRP), a global group of investigative journalists, is set to issue an investigative report on a prominent Indian corporate group, news agency PTI has reported. Based on some sources, PTI has said that the purpose of this investigative report is to provide information about how this corporate group has round-tripped funds from abroad in the listed Indian companies owned by them. The PTI report said that the name of this corporate group was not immediately known. After the release of this report, the country's regulatory bodies will closely monitor how the country's financial markets may be affected. Earlier, after the Heidenberg report on the Adani Juth matter, there was a big upheaval in the stock markets of the country. Established in 2006, OCCRP publishes inv

- The author of Rich Dad Poor Dad called silver the best investment - 30 dollars in the next year and it is likely to increase from 100 dollars in the coming time AHMEDABAD: Everyone dreams of earning in life and living like a rich man and people also work hard to realize this dream of becoming rich. If you have this dream too, investing in silver, the second most valuable metal after gold, will help you achieve this goal, says Robert T., author of 'Rich Dad Poor Dad'. Kiyosaki's. Robert T. Kiyosaki called the dollar fake and silver safe on his Twitter account. The author has described the investment in silver as the biggest investment fund of this time. Kiyosaki wrote in his tweet that silver is still 50 percent below its all-time high in demand for greenies solar EVs. Silver is the second most used commodity after crude oil. It has been a medium of investment for centuries. Who can't buy a silver coin, even though most people prefer to save fake dollars, the idea

Palladium prices further decline against higher global platinum and copper prices MUMBAI: The weather was mixed in the Mumbai jewelery market today. Gold prices saw a slow decline while silver prices saw a slow rise. However, overall fluctuations were neutral and limited. Meanwhile, gold prices in the world market today stood at $1917 to $1918 per 1914 ounce while global silver prices stood at $24.17 per ounce versus $24.18 per ounce. There were indications that global platinum prices rose by 934 to 949 to 950 dollars an ounce. Palladium prices fell from 1254 to 1232 to 1233 dollars. Meanwhile, global copper prices were 0.30 to 0.35 percent plus today. Meanwhile, in the Ahmedabad market today, gold prices remained calm at Rs.60,500 per 10 grams at Rs.99.50 and Rs.60,700 at Rs.99.90 per 10 grams, while Ahmedabad silver prices continued to rise at Rs.74,000 per kg. Meanwhile, crude oil prices in the world market rose today. US crude oil prices were 80.20 to 80.11 dollars at 78.94 a ba

Mumbai: In the Mumbai currency market today, the bullishness of the rupee came to a halt as the price of the dollar stopped falling against the rupee and rose again. As the stock market fell and crude oil prices increased in the world market, the pressure on the price of the rupee increased in the currency market, market sources said. After opening at Rs.82.59 this morning, the price of the dollar rose to Rs.82.72 and finally closed at Rs.82.65. However, the British pound and Euro fall against the rupee: retreat seen in the currencies of Japan and China. The rupee today fell by 0.07 percent against the dollar. However, the fall in rupee prices was limited as dollar inflation was maintained through foreign funds in the market. According to the world market news, US jobless claims unemployment claims have decreased and following this there are signs that the job market is strengthening and this has been reflected in the dollar price. There was news that the unemployment claims in Amer

To bring more transparency in the stock market, the market regulator SEBI has made it mandatory for FPIs holding a majority stake in a company or group to provide additional disclosure. This disclosure has to state all entities in the FPI where they have participation, economic interest and control rights. SEBI has set a timeline for such disclosures. When will the new structure come into effect? A circular issued by the Securities and Exchange Board of India (SEBI) said the new framework will be applicable from November 1. It is required to provide additional disclosure for holdings of foreign portfolio investors (FPIs) holding more than 50% of AUM in a group or company. Along with this, FPI's holding in Bharti Bazar should be more than Rs 25000 crore. SEBI gave this direction The director said that after the additional disclosure is made by the FPI, it cannot buy in the company for the next 30 calendar days. Government-linked entities such as central banks, sovereign wealth

Despite new incentives in the housing sector to boost China's economy Capital Goods Index 574 Falls: GMR, Praj, Thermax, ABB, BHEL, Larsen, Honeywell Falls Nifty plunges 121 points to 19266: Capital goods, auto, metal, banking stocks wash: FPIs/FIIs sell Rs.4638 crores, DIIs buy Rs.1414 crores MUMBAI: Indian stock markets took a global hit over the weekend on growing worries about the global economy, with global inflation rising despite China's new stimulus measures, including easing house purchase rules, to rescue its economy from recession. The US Fresh buying in stocks slowed as the Federal Reserve Chairman's speech at the Jackson Hall on inflation, interest rates and minutes of the Reserve Bank of India's Monetary Policy Committee (MPC) also indicated a tight watch on inflation. Funds offloaded in capital goods-power, consumer durables, banking-finance, automobile, IT, metal-mining, FMCG, healthcare-pharmaceuticals shares, with Sensex falling 365.83 points to 64

Months after Hindenburg Research, the US-based short seller, released a report on the Adani Group, the Organized Crime and Corruption Reporting Project (OCCRP), funded by George Soros and Rockefeller Brothers Fund, is preparing to reveal another 'expose' about some Indian companies, stated a news agency. OCCRP is a global network of investigative journalists which "is formed by 24 nonprofit investigative centers... spread across Europe, Africa, Asia and Latin America," may publish a report or a series of articles, three sources with knowledge of the matter informed the agency. Sources said the 'expose' may involve overseas funds investing in the stocks of the corporate house. The identity of the corporate house was not immediately known but agencies are said to be keeping a tight vigil on the capital market, stated the report. An email sent to OCCRP seeking comments by the news agency PTI remained unanswered. What to expect from OCCRP? Founded in 2006,

- All records broken by GeM portal - CPSEs, Union Ministries and State Governments contributed 54 per cent, 26 per cent and 20 per cent in procurement respectively. Ahmedabad: The online e-marketplace launched by the Government of India is reaching new heights of shopping. Central Government's GEM portal for government procurement continues to attract buyers' attention. According to a statement, purchases of goods and services from the government portal GEM have crossed one lakh crore rupees so far this financial year. Interestingly, in FY 2022-23 the total purchase of Rs 2 lakh crore and 243 days to cross the mark of 1 lakh crore has been achieved in 145 days in FY 2023-24. The Ministry of Commerce said that this 'milestone' can be considered very encouraging. Central Public Sector Enterprises (CPSEs), Union Ministries and State Governments contributed 54 per cent, 26 per cent and 20 per cent respectively in this purchase. In the financial year 2021-22, purchases

- Nasdaq's rally on the back of IT stocks after an initial surge in attractiveness... - Spot Nifty down 57 points to 19387 : Selective rally in IT, banking stocks : FPIs/FIIs cashed Rs.1525 crores, DIIs bought Rs.5797 crores net MUMBAI: Despite reports of China's escalating debt problem of nine trillion dollars and a crackdown on trade agreements on the global front and an eye on America's Federal Reserve Chairman Jerome Powell's speech at the Jackson Hall tomorrow, Indian stock markets were trading in index-based gains today, in contrast to the strength in global markets. The index based market remained in the negative zone as profit booking by funds in IT-software services, technology stocks, automobiles, consumer durables, capital goods stocks and especially Reliance Industries countered attractiveness in Indian stock markets as a result of technology giant Nvidia's one per cent rise in the US stock market Nasdaq. Sensex closed down 180.96 points to 65252.34 a

Day by day rising prices of daily necessities have increased the burden of inflation on the common people. Moreover, since the Covid period, hospital treatment has also become expensive. Hospitalization costs have doubled in the last five years. On the one hand, where the inflation rate is around 7 percent, medical inflation is increasing at a rate of over 14 percent. Treatment costs double in 5 years According to a report, the average medical insurance claim for treatment of infectious diseases was Rs 24,569 in 2018, which has increased to Rs 64,135 in 2022. That means the cost of treating this disease has become 160 percent expensive in 5 years. In a megacity like Mumbai, this cost in five years is Rs. 30,000 to Rs. 80,000 has happened. Expenditure increased at the rate of 18 percent annually The average cost for treatment of respiratory diseases in 2018 was Rs 48,452, which has increased to Rs 94,245 in 2022, which means that annual treatment has become more expensive at the ra

New delhi date. 24 August 2023, Thursday World famous tennis star Rafael Nadal has been made the brand ambassador of IT company Infosys. According to the information, Infosys has disclosed this in a regulatory filing with the stock exchange. Infosys will have a 3-year deal with Rafael Nadal. Rafael Nadal has also posted a video on Twitter X, on this agreement with Infosys, Rafael Nadal said, I am very happy to work closely with Infosys. For the past decade, Nafel Nadal has been rocking the tennis world along with Roger Federer. Spain's 37-year-old Rafael Nadal has won 22 Grand Slab tournaments, including 14 French Open titles. Salil Parikh, CEO & MD, Infosys said, "We are proud to welcome Rafael Nadal, the world's most iconic champion athlete and person, as the company's brand ambassador."

New Delhi, dated 24th August-2023, Thursday Today, the price of gold and silver has decreased. A partial fall in the price of gold has resulted in a drastic fall in the price of silver. Today, gold has fallen by Rs 21 to Rs 58,798 per 10 grams, while the price of 1 kg silver has fallen by Rs 447 to Rs 73,557. Gold prices fall by Rs 21 Gold prices fell by Rs 21 to Rs 58,798 per 10 grams in forward trading today as speculators traded less. Gold contracts for October delivery on the Multi Commodity Exchange were down by Rs 21, or 0.04 per cent, with 12,469 lots traded. Globally, gold rose 0.05 percent to trade at USD 1,949 per ounce in New York. Silver price down by Rs 447 Today the price of silver has also seen a drastic drop. In forward trading, the price of silver fell by Rs 447 to Rs 73557 per kg. The silver contract for September delivery on the Multi Commodity Exchange was down by Rs 447, or 0.6 per cent, at Rs 73,557, with 8,266 lots traded. Globally, silver prices were seen

Online gaming craze is increasing across the country. Children, youth and elders of almost all age groups are in its grip. One of these 'Mahadev App' duped thousands of people in Chhattisgarh. Even officials were surprised by the scale of the scam when the Enforcement Directorate began its probe last year. 4 accused were produced in court in money laundering case A total of Rs 5000 crore transactions have taken place from the gaming app's bank account in the last one year. Chhattisgarh police arrested more than 200 people in this case last year. Shockingly, Mahadev continues to make huge bets from online gaming even after continuous action by the ED. An ED team produced four accused ASI Chandrabhushan Verma, Satish Chandrakar, Anil Damani and Sunil Damani in the money laundering case in the court of Special Judge Ajay Singh Rajput on Wednesday. It is alleged that he has embezzled huge amount through Hawala. ED eyes online betting from 2022 ED advocate Saurabh Pandey to

A report on the Adani group by a US short-seller sent markets reeling. Months after the incident, sources say another 'expose' on certain corporate houses in India is being planned by an organization funded by the likes of George Soros and the Rockefeller Brothers Fund, the Organized Crime and Corruption Reporting Project. Can publish a series of reports based on three sources According to sources, the OCCRP, which calls itself an investigative reporting platform formed by 24 non-profit investigative centers spread across Europe, Africa, Asia and Latin America, may publish a series of reports based on three sources with knowledge of the case. However, an email sent to the OCCRP on comments has not yet received a reply. OCCRP claims to specialize in organized crime reporting Founded in 2006, OCCRP claims to specialize in organized crime reporting and publishes these news articles mostly through partnerships with media houses. Financier of George Soros' Open Society Fou

- Spring-like rise in rupee: Dollar, British pound, euro, Japanese and Chinese currencies fall rapidly - The Indian rupee is rising against the dollar as the dollar inflation increases in the currency market in various ways in the country Mumbai: The minutes of the recent meeting of the Reserve Bank's Monetary Policy Committee, which is scheduled to be released on Thursday (today), were also in the market's eye. Meanwhile, India's rupee is rising against the dollar, while on the other hand, Pakistan's rupee is tumbling against the dollar, reaching close to Rs.300. Meanwhile, in the world market, however, the dollar's global index rose 0.31 percent against various major currencies today. The global index of the dollar was indicated to be higher today at 103.90 to 103.89. Pakistan's economy has collapsed. Exports from Pakistan have decreased and there has been a recent retreat in the foreign exchange reserves of the forex reserve and as a result the Pakistani