Market and Business News

(Gujarat News Representative) Mumbai, Ta. September 25, 2019, Wednesday The government has reduced the corporate tax by giving a financial package of Rs 1.5 lakh crore and after trying to bring the stock markets out of a downturn, after a stormy boom in stocks for three days, the big selling of foreign funds resumed today. On the economic front, the situation is likely to take a long time to improve and now new scandals have emerged in the banking sector. Reserve Bank of India imposed sanctions on Urban Co-operative Bank PMC Bank yesterday and downgraded its rating to India's Bulls. Large amount of local funds today along with foreign funds in banks Quotations of ophalodinga festivals and automobile-based index than the collapse had spoken again today hemaringa auto stocks funds received vasavasamam not increase sales despite a decline in prices of vehicles by companies. In addition, the negative impact of ADB's economic growth projections was reduced to 8.5% and private cons

Mumbai, Ta. September 25, 2019, Wednesday In the Mumbai oil-seeds market, there were major gaps in castor and diesel prices and lower circuit imports were found in castor futures. Food prices in the world market were showing mixed weather. In Malaysia today, Palmet's futures were 5 points softer on the nearest delivery, while the distant delivery remained at 5 and 6 points plus. There, however, the prices of the palm product were quiet. In the spot market today, there was a price of Rs 5 per kg of hawala resale and Rs 6 of the JNPT. Palmetel's direct delivery trade of refineries today was reported to be around 3 to 5 tonnes in the range of Rs. Meanwhile, prices of crude palm oil CPO Kandla were down by Rs. In the futures market, CPO prices were Rs. 7 this evening and soyatel futures were Rs. Total exports of palm oil from Malaysia fell 5 percent to 5 tonnes in the twenty-five days of the current month, SGS data said. Exports from Malaysia to India during this period were re

New delhi date. September 25, 2019, Wednesday Under the Minister's Crop Insurance Scheme, insurance companies are raising premiums every year. Insurance companies are blaming the government's ever-changing policies for raising rates. Due to the increase in the rate of premiums, both the government and the farmer are forced to pay more money. In the year of 2-3 years, the premium rate was 5.2% of the sum insured, which increased to 5% in 5-7 and 5% in 1-3. For the current year, the rate for kharif crops has increased and the rate for the whole year is 8%. The total area under cultivation covered under this scheme has increased marginally while the amount of premium has gone up considerably. Insurers were paid Rs 5.5 crore in premiums to insurance companies, which increased to Rs 5 crore by 3-5. Generally, a large portion of the premiums are paid by the government, but the increase in them every year is also increasing the burden on the farmers, government sources said. As

Morgan Stanley downgraded shares with Equal Weight Mumbai, Ta. September 25, 2019, Wednesday Shares of PSU Giant State Bank of India were downgraded from Morgan Stanley to Equal Weight by downgrading them from overweight to Rs. The stock was down 5%, or Rs 1.8, to Rs. Foreign broking giant Morgan Stanley has today downgraded shares of the country's largest bank by virtue of its asset quality and uncertainty over its net interest margin, with limited space to grow. Of course, Morgan Stanley increased its earnings per share-earnings estimates for the State Bank of India by 5%. State Bank of India has approached Sebi to make an exception for mutual funds in the Rules on Asset Segregation as part of a solution-resolution plan for mutual funds for Dewan Housing Finance.

New delhi date. September 25, 2019, Wednesday The Asian Development Bank (ADB) has once again reduced India's GDP growth forecast. According to the available data, ADB has reduced its estimates for the fourth time in a row. According to the latest ADB report, India's GDP growth is projected to grow at 8.5% in 1-4. India's GDP growth is projected to grow at 8.5 per cent in 1-3. According to the report, India's GDP growth has declined by 5% in the first quarter recently, and this estimate has been reduced again. There has been significant backlog in manufacturing and new investment in India. On the other hand, loans from banks and finance institutions have slowed. The growth of the rural economy has also stopped. In view of all these adversities, the growth rate has been reduced. The government has set a target of becoming a five trillion dollar economy by 5. Achieving this target requires GDP growth at the rate of 5%.

Mumbai, Ta. September 25, 2019, Wednesday Onion on the one hand, when onion prices have gone up, the rains falling in Nashik for the past six hours have resulted in the decline of onion availability in the wholesale and retail markets. Lasalgaon in Nashik district of Maharashtra has a large crop of onions. Nashik is the major producer of onion. Onion area has been harvested on an area of ​​3 hectares in Nashik district. In cities like Mumbai-Delhi, onion prices have reached around Rs 5 per kg, due to the disturbance of the rains, it is possible to lose the supply, local sources said. Due to the rains, the onion crop taken late in the kharif season has been damaged and not only in the godowns but also in the water, it is feared to rot. Nashik district is forecast to continue rains for two days. At present, the situation is quite fluid and traders cannot even predict in which direction the wholesale price of onion will go. There is no denying the possibility of widespread damage to

Mumbai, Ta. September 25, 2019, Wednesday The price trend in the late evening was seen after the boom in the Mumbai jewelery market today. In the currency market today, the dollar and the euro prices were fluctuating. When the British pound prices fell. There were reports of British pound prices in the world market following the Supreme Court ruling against the Prime Minister's decision to suspend Britain's parliament. The global market was showing a decline in the evening after gold prices went up. In the Mumbai jewelery market, the price of gold was called Rs. 5 in the evening after closing at Rs. While the price of Rs 5 was closed at Rs 5, it was closed at Rs 5, while the price with GST remained 5% higher. In the global market, gold prices were $ 5 in the high of the bull, while the low was at $ 5 in the evening. Meanwhile, in the Mumbai market today, silver prices closed at Rs 5 per kg without GST of 5 kg and in the evening the price was Rs 5 and cash in the evening was

(Gujarat News Representative) Mumbai, Ta. September 24, 2019, Tuesday Foreign Finance-FPIs stocks increased by Rs 5 lakh crore in stocks, with a rise of 5 points in the Sensex and 2 points in the Nifty after Finance Minister Nirmala Sitharaman gave a package of Rs 1.5 lakh crore, including a reduction in corporate tax. After becoming a buyer, the stock was trading high today. Following yesterday's aggressive takeover of foreign fund stocks, the fund today curbed offloading of IT-software services stocks, with Morgan Stanley's positive report on FMCG, oil-gas stocks led by Reliance Industries to buy choice fintail, Gantom-Meitel, AutoMail-Mantle, Foreign Funds Against Consumer Durables Shares Are Greater Than Profit Booking Brake was living. The US dollar against the rupee today rose by 5 paise to Rs. The Sensex was up 5 points at the end of the two-way trade and closed at 5.7 points, while the Nifty spot was down 5 points. The Sensex went up 2 points in the two-way deal and

Mumbai, Ta. September 24, 2019, Tuesday Prices of various imported edible oils remained soft in the Mumbai oil-seeds market today. World market news was showing a decline. In Malaysia, Palmet's futures today closed down at 5, 5, 6 and 5 points. While there, the prices of the palm product were quiet. Chicago soybean futures in the US were overnight 5 to 5 points softened, but today the projection was news that prices were up 5 to 5 points this evening. In the spot market in Mumbai today, the price of a 5 kg paltail was Rs 6 per liter and Rs 6 for JNPT. New businesses were also a fan. The prices of crude palm oil CPO Kandla were down by Rs 5 while in the futures market today, CPO September futures were reported at Rs. Soyaat futures prices were in the range of Rs. In the castor futures market this evening, the price remained at minus 2. Meanwhile, China's imports of soybean from the United States were on the rise. Following this, soybean futures prices in the US Chicago mark

Mumbai, Ta. September 24, 2019, Tuesday Compared to July, palm oil imports in India increased by 5 percent in August this year and remained at a six-month high. The purchase by refiners has hit the market during the upcoming Diwali-Dussehra festive season, sources in the Solvent Extractors Association of India (C) said. With the rise in the purchase of palm oil by India, its prices which have been under pressure for some time may be seen to improve. India's palm oil imports stood at 9 tonnes in August, the highest since September 9, according to C data. India's palm oil imports increased by 8.5 per cent to 1.8 lakh tonnes in the first six months of the marketing year. The marketing year for palm oil begins on November 1st. India provides about 5% of its edible oil requirement through imports. The domestic production of edible oil is being forced to import as demand does not increase. India imports most of palm oil from Indonesia and Malaysia, while Soyoil is imported fro

Mumbai, Ta. September 24, 2019, Tuesday The September quarter of the current year has proved to be the worst for the country's jewelers. The increase in the import duty on gold while presenting the current fiscal year's budget, followed by the rising cost of gold and global factors resulted in gold prices being seen all-time high. The import demand for gold has dropped significantly due to duty and price hike. Investors are currently shying away from investing in this precious metal as a result of high prices. As Dashera-Diwali festivals are approaching, jewelers have had a chance to suffer due to high prices, but import prices have gone down due to the import bill which is a relief news for the government. Reducing gold imports can be a major relief in the case of high crude oil prices, said one analyst. On a monthly basis, the current year's gold import bill for August is $ 1.8 billion, which is a six-month low. On a yearly basis, the import bill for the first five mo

Mumbai, Ta. September 24, 2019, Tuesday The Mumbai jewelery market was gaining momentum today. World market news was booming. In the domestic currency market today, the dollar against the rupee has also increased by Rs. As a result, import of precious metals has gone up. In the currency market, the dollar today closed at Rs 1.8 with the opening price being Rs 1.7, the highest price being at Rs 5, and then closing at Rs. Dollar prices were up seven paise today, while British pound prices were up by 8 paise a day to 7.8, while the euro was up 5 paise to 7.8. Thus, the rupee had weakened against various currencies in the currency market today. In the global market today, gold prices were trading at $ 5 in the evening, while the dollar was trading at $ 5 in the evening. In the Mumbai market, gold prices today closed at Rs 5 with GST at Rs 5 and Rs 5 at Rs 5 with Rs 6 closing at 5 per cent, while prices with GST remained at 5 per cent higher. Now, Germany, France and Britain are also r

New delhi date. September 24, 2019, Tuesday In order to increase consumer demand, more money is available in the hands of taxpayers, with a direct tax panel suggesting a major change in the levels of personal income tax laws. Four levels have been proposed for the tax rate which include a new level of 5%. It has been proposed to levy a 1 percent income tax on annual income of Rs two crore or more, sources in the Income Tax Department said. The panel on the Direct Taxes Code (DTC) has proposed raising the exemption limit for collection of income tax to Rs 5 lakh from the present Rs 5 lakh. It is suggested to reduce the rate of tax on annual income with rupees five lakhs to Rs ten lakhs and to keep the rate of tax at 2% on rupees between Rs. At present, a tax of five per cent is levied on the eligible income from a tax of Rs 2.5 lakh to Rs 5 lakh. Twenty percent of the income of Rs 5 lakh to Rs 5 lakh and 2 percent tax on income of Rs 1 lakh or more. In the current slab of income ta

Thomas Cook, the world's oldest travel company, has declared bankruptcy and closed its business. Thomas Cook was founded in the year 1 with little capital investment. At present, around one lakh tourists are trapped in the closure of the world's largest travel company. According to Britain's Secretary of Transportation, Grand Shapes, dozens of chartered planes are being leased to bring the trapped tourists to Britain. Thomas Cook had a chance to shutter his debt of Rs 1 crore. In a single instant, the jobs of 200,000 people have also been stripped. In Britain, Germany and Italy, this travel company was a good business. The impact of Thomas Cook's bankruptcy is likely to affect India's tourism as well. When the travel industry was in a recession due to the impact of the global recession, the sinking of the world's oldest travel company would add difficulty. Thousands of European travelers were visiting India to take advantage of Thomas Cook's travel package

Ahmedabad. September 23, 2019, Monday Sensex, which has continued to surge in the stock market today following the announcement of other financial concessions, including a reduction in corporate tax by the government last week, has regained the level of 39000 and Nifty 11600. Investors' wealth was up by 3,000 points in the last two days. 10.35 lakh crore has been increased. With the government's economic package, foreign investors have also come back to market as the sentiment of the market has changed sharply. Choemer's new takeover continued on the second day after the package was announced, following other favorable actions, including optimism for improving corporate financial health in the coming days. Today, Sensex has been buoyed by the start of trading in the Sensex, following a new takeover from Chomer, including foreign investors. Who were issuing till the end of the business. IT is still behind the new take Except for stocks, stocks in all other sectors were t

(Gujarat News Representative) Mumbai, Ta. September 23, 2019, Monday Thanks to Finance Minister Nirmala Sitharamanji. In a couple of days, the combined market capitalization of the listed companies in BSE has reached Rs 1.8 lakh crore, by earning Rs 1.8 lakh crore in stocks. Finance Minister Nirmala Sitaram has been allocated Rs. Acknowledging his mistake after being offended, he threatened to bow to foreign funds and withdrew the surcharge. On Friday, foreign funds that swept over India calling Hoodie India: Now All Is Well in India, on Friday, following the start of various incentives to investors to cut corporate tax cuts, the most important step in the country's corporate history. General Chat Chat Lounge With the encouragement of a number of incentives, including a reduction in corporate tax, foreign investment flows in India are now expected to witness a significant rise in the coming days and corporate India's earnings are expected to rise in the coming days, as local

Mumbai, Ta. September 23, 2019, Monday There was new demand in the Mumbai oil-seeds market today. Businesses were slow. World market news was showing mixed weather. In Malaysia today, Palmet's futures were last closed at 5, 6, 6 and 5 points. While there, the prices of the palm product were quiet. Meanwhile, news of the soybean futures projection in the Chicago market in the United States was in the range from 5 to 5 points this evening. In the spot market today, the price of palmetta was Rs 5 per kg of hawala resale and Rs 6 for the JNPT. Prices remained soft at Rs 5 to Rs 5 today. The price of crude palm oil CPO Kandla was Rs. In the futures market today, CPO prices fell between Rs. While soyatel futures prices were trading at Rs 5 and Rs 2.5 in the evening. In the market present in Mumbai, the price of 5 kg was Rs. On the Rajkot side, prices remained at Rs 5 to Rs 5 and Rs 5 to Rs 5 per kg. While there, the cost of cotton washed was Rs. In the Mumbai market, the price of cot

Mumbai, Ta. September 23, 2019, Monday Maharashtra is the second largest producer of sugar, with flood losses in Maharashtra and some farmers selling sugarcane for livestock, while sugar production is expected to go down. Sugar production in Maharashtra is projected to be around 1 to 2 lakh tonnes in the next season, which was earlier estimated to be 1.5 lakh tonnes, official sources said. The new sugar crushing season starts on October 1st. This is less than 50 per cent, compared to 5.7 million tonnes last year. Heavy rains in Maharashtra last month have damaged the sugarcane crop over one lakh hectares of area. In the current year, from June 1st, it has received 5% more rainfall than usual. Earlier, the prolonged dry weather caused a shortage of fodder in the state, which enabled farmers to sell sugarcane as livestock. Generally, sugarcane prices, which are fixed by the government, remain higher than fodder prices, unless there is an abusive situation. Livestock prices increase i

Mumbai, Ta. September 23, 2019, Monday Prices were rising sharply in the Mumbai jewelery market today. World market news was booming. However, in the domestic currency market today, the dollar price fluctuations narrowly fluctuated. When the British pound and the euro prices fell. There was talk of RBI and government banks providing support to the dollar in dollars. Globally funded funds were back in gold, with the dollar index falling lower in the world market. In the global market today, gold prices were down by $ 5 a ounce and the high was 0.5. In the Mumbai currency market, the dollar was trading at Rs. Dollar prices were soft two paise today, while British pound prices fell by 8 paise to 7.8, while the euro was down 5 paise to 7.8. Meanwhile, gold prices in Mumbai jewelery market today closed at Rs 5 with a GST of 5 grams and Rs 5 at Rs 5, while the prices with GST were up 5%. In the market today, silver prices closed at Rs 5 per kg without GST of 5 kg. And in the evening the

Ahmedabad. September 23, 2019, Monday The company's earnings are projected to increase by up to 5% after the government announces other financial concessions, along with a reduction in corporate tax. Last week, the government was surprised by the reduction in corporate tax. The move led to the biggest surge in the Sensex of the last decade. Today, the move is expected to increase the earnings of the companies by up to 5% as the move moves faster with market moves becoming positive in the new week. Along with the earnings estimates, various brokerage firms have increased the index for the upcoming Diwali and the budget and financing year end. Under these circumstances, the Nifty Earning Estimate has been upgraded to 5% for the fiscal year 1 and 2. While the Nifty EPS is estimated to be increased to 8.5%. On the other hand, the Sensex estimate for the end of March 3 is projected to rise to 2 and the Nifty to 5.