Market and Business News

Delay in India-UK Free Trade Agreement Negotiations for a Free Trade Agreement (FTA) between India and Britain have been going on from time to time but no time frame has been fixed. Commerce Secretary Sunil Barthwal said that there are several issues which are quite complex and have economic importance for both the countries. All the issues are being carefully examined in a phased manner and it is expected to be completed soon. However, the government is not working on any fixed time frame. However, an internal deadline has been set and phased discussions are underway. Thirteen rounds of talks on the issue have been completed so far and the next round of talks is expected soon between India and Britain's chief negotiators to resolve differences on issues such as movement of vehicles, medical equipment and professionals. British officials may arrive in New Delhi soon for talks. The contract, which started in January last year, was supposed to be completed by Diwali (October 24, 20

- Bhoo Bazar : Dilip Shah - The size of the chocolate market in India has increased to Rs.15 to 16 thousand crores, which is likely to increase to Rs.23 to 24 thousand crores in 4 years. The Diwali festivities are over in the country and now the players of various markets are eyeing the Christmas festivities and the wedding season. This year, dry fruits and chocolates were more popular than various sweets during the Diwali festivities. However, the price of cocoa, which is the main raw material used in making chocolate, has reached a new high in the world market recently. As a result, the production cost of chocolates has gone up, sources in chocolate manufacturers said. There is also a possibility that the demand for chocolate will be affected if the price of chocolate goes up. This has had an impact on the demand for chocolate, especially in Asian countries. Global market chocolate makers have started production planning for the Christmas season and chocolate makers are keeping a

Although new technology benefits society, it always poses a challenge to employment The topic of employment in the country is currently in discussion due to the recent statement made by two big personalities in the technology sector, Elon Musk and Narayan Murthy. Elon Musk has warned against the rapid development of artificial intelligence (AI) and has said that AI is one of the most disruptive technologies in the job market so far. On the other hand, amidst the reports that the companies in the information technology (IT) sector of the country are cutting down on the new recruitment of employees, Narayan Murthy has called upon the youth of the country to work 70 hours a week. There will come a time when jobs will no longer survive due to AI. However, it is difficult to say when this time will come. But there will be a time when the jobs will have disappeared. Musk's warning came in an interview with British Prime Minister Rishi Sunke at the AI ​​Safety Conference. AI will have

- Boolean Bits - Dinesh Parekh - After the price of gold crosses $2,000 per ounce in the new year in the world market, it is likely to reach $2,200. Gold will hit resistance around $2000 an ounce due to Fed interest rate uncertainty - moderate inflation, dollar weakness - etc. In the escalating war between Ukraine and Russia, Israel has hidden Hamas terrorists in a hospital in the Gaza Strip, so Israel does not want to end the war by speeding up the bombing to eliminate the Hamas army. As a result investors are buying gold even at these inflated prices. Analysts say that gold prices will face resistance at $1,950, then $1,970 and $1,990 per ounce, after which gold will take a little bite at $2,000 per ounce and reach $2,200 per ounce. Although oil production rose in the US, oil prices fell, supporting gold's rally as it tumbled around the top. Investors are coming to invest in gold as the yield of Fed's treasury bill decreases from five percent to 4.50 percent. As many as

- Impact of geopolitical disputes on crude and various food and commodity markets In most developed countries, the inflation target is two percent. But consumer price inflation is 3.7 percent in the US, 5.6 percent in the euro zone, 6.8 percent in Britain and 2.9 percent in Japan. In Germany, which is struggling with zero growth, it is 4.3 percent. In India, where the rate of inflation is much higher than in these developed countries, the rate is 5 percent. The rate of 5 percent is higher than the Monetary Policy Committee's target of 4 percent. The evidence suggests that inflation targeting works only when the world economy is in a normal state and demand fluctuations are in short cycles that monetary policy can deal with. Geopolitical disputes have affected the oil market and various food and commodity markets. This upheaval will continue as the world continues to fragment into competing blocs seeking to reset the tipping point. Climate change problems generate other types of

Slowness in the secondary market as rupees two lakh crores were drawn in four IPOs Mumbai: The four-day cease-fire between Israel and Hamas, the European Central Bank's indication of a pause in interest rate hikes, and the recovery in the European and American markets in contrast to the recovery in the global markets in the Asia-Pacific countries as the news of a new epidemic spread in China after the Corona virus spread and anxiety also increased in India. Indian stock markets were cautious for the second day in a row with doldrums. Along with this, in the primary market today, four IPO investors including Tata Technologies, Gandhar Oil Refineries, Fedbank Financial withdrew Rs. 2,01,489.94 crores in four days after massive investment. Players in IT-software services, technology stocks, funds in consumer durables stocks were selling against selective buying in banking-finance, healthcare, capital goods stocks. The Sensex bounced between 66102 and 65895 in two-way volatility and

Companies will not be privatized before elections NEW DELHI: India is unlikely to be able to raise half of its target revenue from the planned sale of state-owned companies in the current fiscal year. According to a news agency report, the country will miss the disinvestment target for the fifth year in a row. The main reason behind this is that elections change the priorities of the government. It is worth mentioning that Lok Sabha elections are going to be held in the country in 2024. It's only a few months away. Meanwhile, two government sources said the government has set its disinvestment target for 2023-24 at Rs. 30,000 crore ($3.60 billion) could be missed. For the current financial year ending March 2024, India has disinvested Rs. 51,000 crore was targeted. In FY23-24, sale of stake in IDBI Bank and privatization of state-owned NMDC Steel raised Rs. 51,000 crore target, about Rs. 30,000 crore was expected to be collected. However, the delay in vetting interested buyers f

Companies will not be privatized before elections NEW DELHI: India is unlikely to be able to raise half of its target revenue from the planned sale of state-owned companies in the current fiscal year. According to a news agency report, the country will miss the disinvestment target for the fifth year in a row. The main reason behind this is that elections change the priorities of the government. It is worth mentioning that Lok Sabha elections are going to be held in the country in 2024. It's only a few months away. Meanwhile, two government sources said the government has set its disinvestment target for 2023-24 at Rs. 30,000 crore ($3.60 billion) could be missed. For the current financial year ending March 2024, India has disinvested Rs. 51,000 crore was targeted. In FY23-24, sale of stake in IDBI Bank and privatization of state-owned NMDC Steel raised Rs. 51,000 crore target, about Rs. 30,000 crore was expected to be collected. However, the delay in vetting interested buyers f

MUMBAI: Foreign Institutional Investors (FPIs) have been witnessing heavy selling in Indian stocks since September this year. FII holdings in Indian stocks fell to a ten-year low of 16.60 percent due to offloading. The figures show that foreign investors are selling financial sector stocks and increasing investment in companies in manufacturing and other sectors. FPIs' aggregate holdings in Indian equities stood at Rs 54.50 trillion at the end of November 23, which was 16.60 per cent of the total market cap. This is the lowest percentage since 2012. Their holdings have seen a decline due to the continued sell-off in September. Apart from this, this decrease is also being seen due to changes in their portfolios. Mid-caps and small-caps, where FPIs are heavily invested, have also underperformed. FPIs were hit by a sell-off in September as US bond yields rose. While India's equities market has performed well compared to other developed and emerging markets, the sell-off in FPI

MUMBAI: Foreign Institutional Investors (FPIs) have been witnessing heavy selling in Indian stocks since September this year. FII holdings in Indian stocks fell to a ten-year low of 16.60 percent due to offloading. The figures show that foreign investors are selling financial sector stocks and increasing investment in companies in manufacturing and other sectors. FPIs' aggregate holdings in Indian equities stood at Rs 54.50 trillion at the end of November 23, which was 16.60 per cent of the total market cap. This is the lowest percentage since 2012. Their holdings have seen a decline due to the continued sell-off in September. Apart from this, this decrease is also being seen due to changes in their portfolios. Mid-caps and small-caps, where FPIs are heavily invested, have also underperformed. FPIs were hit by a sell-off in September as US bond yields rose. While India's equities market has performed well compared to other developed and emerging markets, the sell-off in FPI

Wedding Season in India: According to a survey conducted by the Confederation of All India Traders (CAIT) Research and Trade Development Society, approximately 3.5 million weddings are scheduled to take place between November 23 and December 15. As reported by Business Standard, the grand celebration is expected to generate a turnover of ₹4.25 trillion in the shopping and services sector. 35 lakh marriages in 23 days BC Bhatia, national president of CAIT, said that more than 3.5 lakh weddings will be held in Delhi alone this season, which is estimated to generate around ₹1 lakh crore in the city. Last year, during the same period, around 3.2 million weddings took place, costing ₹3.75 lakh crore. Cost estimates range from ₹3 lakh to ₹1 crore per wedding In these 23 days of marriage, around 6 lakh weddings will incur an estimated cost of ₹3 lakh per wedding, while approximately 10 lakh weddings will cost around ₹6 lakh. Another 12 lakh weddings are estimated to cost around ₹10 lakh

Indias forex reserves: The country's foreign exchange reserves rose by $5.08 billion to $595.40 billion during the week ended November 17. Earlier, in the week ending November 10, the foreign exchange reserves fell by $46.2 million to $590.32 billion. Foreign currency assets (FCA) rose by $4.39 billion to $526.39 billion during the week ended November 17, according to weekly data released by the Reserve Bank. FCA denominated in dollars also includes the impact of appreciation or depreciation of non-US currencies such as the euro, pound and yen held in foreign currency reserves. During the above week, the gold reserves of the country increased by 52.7 million dollars to 46.04 billion dollars. On the other hand, SDR increased by 12 crore dollars to 18.13 billion dollars. The country's reserve position with the IMF rose by $4.2 billion to $4.38 billion during the week ended November 17. Let it be known that in October 2021, the country's foreign exchange reserves reached

Mumbai: Addressing a program of the Federation of Indian Chambers of Commerce, the Reserve Bank Governor also said that inflationary expectations are now under control. But headline inflation remains fragile and remains affected by food price shocks. On the exchange rate front, despite rising US bond yields and a strong US dollar, the Indian rupee has seen less volatility against other major currencies and remained stable. This is attributed to our strong macroeconomic fundamentals and good foreign exchange reserves. The US dollar index has softened a bit in the last three or four days and US bond yields have also come down. Consumer Price Index-based inflation stood at 4.9 percent in October. This is due to deliberate increase in policy rate by RBI and measures to improve cash position from time to time. RBI's target is to bring the retail inflation rate down to four percent and we are keeping an eye on it. Das also advocated reforms in agricultural marketing and related value

Mumbai: In the Mumbai jewelery market today, the prices of gold and silver remained on the decline. The world market news was showing the selling of funds in the bullish headline. Behind the global market, even at home, there was a situation like fewer buyers and more sellers. In the world market today, the price of gold per ounce was 1989 to 1990 to 1993 to 1994 at the low level of 2001 to 2002. Behind gold, global silver prices were also lower by 23.85 to 23.59 to 23.66 to 23.67 dollars per ounce. Meanwhile, in the Mumbai bullion market, gold prices were at Rs 61,148 at Rs 61,369 at 99.50 per 10 grams without GST, while at Rs 99.90 at Rs 61,616 at Rs 61,394. While the price of silver in Mumbai was Rs.73,465 per kg without GST, it was Rs.73,065. In Mumbai gold-silver prices including GST were three percent higher than this price. In Ahmedabad jewelry market today, the price of gold at 99.50 was Rs.63300 and the price of 99.90 was Rs.63500 and the price of silver was at Rs.74000.

Mumbai: In the Mumbai jewelery market today, the prices of gold and silver remained on the decline. The world market news was showing the selling of funds in the bullish headline. Behind the global market, even at home, there was a situation like fewer buyers and more sellers. In the world market today, the price of gold per ounce was 1989 to 1990 to 1993 to 1994 at the low level of 2001 to 2002. Behind gold, global silver prices were also lower by 23.85 to 23.59 to 23.66 to 23.67 dollars per ounce. Meanwhile, in the Mumbai bullion market, gold prices were at Rs 61,148 at Rs 61,369 at 99.50 per 10 grams without GST, while at Rs 99.90 at Rs 61,616 at Rs 61,394. While the price of silver in Mumbai was Rs.73,465 per kg without GST, it was Rs.73,065. In Mumbai gold-silver prices including GST were three percent higher than this price. In Ahmedabad jewelry market today, the price of gold at 99.50 was Rs.63300 and the price of 99.90 was Rs.63500 and the price of silver was at Rs.74000.

Image: Freepik Navi Mumbai, dt. 23 November 2023, Thursday Onions are one of the most special items in the kitchen. When onion prices start skyrocketing, they disappear from many kitchens in the country. In this situation, there is a huge surge in the demand of onion paste. Today's situation can become a new business idea for you. In the country, Maharashtra, Madhya Pradesh and Karnataka are the major producers of onion in the country. The largest onion mandi i.e. market yard is in Lasalgaon, Maharashtra. Heavy rains have caused heavy crop damage in Maharashtra and Karnataka. In such a situation you can also start a business of making onion paste. If you want to start a business considering the onion shortage situation, starting an onion paste business can earn good income. How Much Will an Onion Paste Business Cost? Khadi Village Industry Commission (KVIC) has prepared a project report on onion paste manufacturing business. According to him, this business can be started aro

Image: Freepik Navi Mumbai, dt. 23 November 2023, Thursday Onions are one of the most special items in the kitchen. When onion prices start skyrocketing, they disappear from many kitchens in the country. In this situation, there is a huge surge in the demand of onion paste. Today's situation can become a new business idea for you. In the country, Maharashtra, Madhya Pradesh and Karnataka are the major producers of onion in the country. The largest onion mandi i.e. market yard is in Lasalgaon, Maharashtra. Heavy rains have caused heavy crop damage in Maharashtra and Karnataka. In such a situation you can also start a business of making onion paste. If you want to start a business considering the onion shortage situation, starting an onion paste business can earn good income. How Much Will an Onion Paste Business Cost? Khadi Village Industry Commission (KVIC) has prepared a project report on onion paste manufacturing business. According to him, this business can be started aro

Currency in Circulation Declines: Diwali festivals have seen a decline in currency circulation. According to a report by SBI Research, this time people have used digital transactions more than cash during festivals. This trend is being seen for the second year in a row which bodes well for the Indian economy. If we talk about the festive week of Diwali, the currency circulation will decrease to Rs. 5,900 crore which was earlier Rs. 7,600 crores. Due to this there has been a rise in digital payments The report attributes the major role behind the rise in digital payments to the government's efforts to digitize the economy. Interoperable payment systems like UPI, wallets and PPI have made transferring money digitally easier and cheaper, the report said. This has also benefited people who do not have bank accounts. New innovations like QR codes and NFC have also helped digital payments. Many big tech companies have also entered the industry. According to the National Payments Corpo

Currency in Circulation Declines: Diwali festivals have seen a decline in currency circulation. According to a report by SBI Research, this time people have used digital transactions more than cash during festivals. This trend is being seen for the second year in a row which bodes well for the Indian economy. If we talk about the festive week of Diwali, the currency circulation will decrease to Rs. 5,900 crore which was earlier Rs. 7,600 crores. Due to this there has been a rise in digital payments The report attributes the major role behind the rise in digital payments to the government's efforts to digitize the economy. Interoperable payment systems like UPI, wallets and PPI have made transferring money digitally easier and cheaper, the report said. This has also benefited people who do not have bank accounts. New innovations like QR codes and NFC have also helped digital payments. Many big tech companies have also entered the industry. According to the National Payments Corpo

Private equity deal size $91.45 billion AHMEDABAD: India's merger and acquisition activities fell to $14.58 billion in calendar year 2023, the lowest in the last 12 years, due to lack of big-ticket deals. Due to the political and border uncertainties that have arisen globally, this situation has led to the fact that deals are expected to remain low for the remainder of the year. Merger and acquisition activity in 2023 is tipped to be the worst in the last 12 years, both in terms of volume and value, due to rising interest rates along with global border tensions and other factors. According to Grant Thornton India, the Indian deal market saw 122 deals valued at $2.5 billion in October, 2023, a month-on-month increase of 14 percent in deal volume. On a year-on-year basis, private equity deal size across domestic, inbound and outbound mergers and acquisitions stood at $91.45 billion for the entire 12-month period of 2022, according to a report compiled by advisory firm Grant Thor