Market and Business News

(Gujarat News Representative) Mumbai, Ta. October 22, 2019, Tuesday With the ever-increasing numbers of economic downturns, the central government is trying to prevent this degradation, while corporate scandal-loan defaulters have resulted in investors' reliance on the Indian financial system, now the company's one-time number one in India and global IT giant Infosys. Current management Non-theoretical way to increase short-term income and profit a Navi are ideologically company had some employees complain daholayum sentiment in the Indian markets today. Funds have again cautioned on the backdrop of weak corporate results and challenging next day industries, despite Finance Minister Nirmala Sitharaman's warning last week of more economic reforms and incentives for India's crippling economy. IT stocks were offloading behind Infosys. The year of Samvat 2 has been a very disappointing period for investors and the Fund has made a big offloading of stocks today, raising co

Mumbai, Ta. October 22, 2019, Tuesday With the pre-Diwali demand increasing in the Mumbai oil-seeds market today, Palmetel has traded a total of around 3 to 5 tonnes in various deliveries. However, some of these trades were due for delivery by November 7, market analysts said. The trades took place in the direct delivery of 2 kg of direct refineries from various refineries in Paltel from Rs. Pawanatel's hawala resale prices today stood at Rs 1 and JNPT's at Rs. While the prices of crude palm oil CPO Kandla were Rs. In the world market today, the futures price of palmetta in Malaysia finally closed at 5,3,3 points, while the prices of palm products jumped by seven and a half dollars. In the US Chicago market, soybean futures overnight rose 5 to 5 points today, with Bhava staying in the projection for 3 to 5 points in the evening. After soybean futures overnight 5 points softened today prices were calling higher. According to world market news, China is considering importing

Mangaluru, Ta. October 22, 2019, Tuesday Stakeholders in the sector are pushing the government to exclude the betel nut from the proposed Regional Comprehensive Economic Partnership (RCEP) free trade agreement. While Indian betel nut makers are facing such challenges due to imports of betel nut imported from Thailand and Indonesia, under the RCEP, problems will increase if the betel nut is included in the list of free trade. It is also produced in the country as demand for betel nut. It is estimated that 1 lakh tonnes of betel nut is produced on a daily basis. In such a situation, if the betel nut is covered in a free trade agreement, the betel nut manufacturers of India will have to endure a lot. In Indonesia and Thailand, the cost of betel nut is much lower. The free trade agreement will help stabilize the betel nut in these countries while the betel nut market here will deteriorate, a local trader said. The government is thought to be drawing attention in this regard and will

New delhi date. October 22, 2019, Tuesday On the other hand, the government is planning to promote electric vehicles to solve the pollution problem. On the other hand, in the first six months of the current financial year, sales of electric to wheeler under the government's incentive scheme have been confused by more than 5%. About two electric two-wheelers were sold in April-September under the second phase of Fast Adoption and Manufacturing Vehicles. Which shows a sharp decline compared to the 3 units sold for the same six months as J3. The figures are from data from the Society of Manufacturers of Electric Vehicles (SMEV). Under this scheme, subsidy alone has not gone down. But as the products on which such incentives were found were also expensive, buyers opted to buy more reasonable and low-speed vehicles. According to industry estimates, between April 1 and September 1, approximately 8 low-electric two-wheelers were sold. Low speed vehicles have smaller lithium-ion batte

New delhi date. October 22, 2019, Tuesday More than fifty percent of the world's banks are weak enough to withstand a recession. Most of the world's banks do not have the financial returns on equity as they are not able to sustain their finances, Mackenzie said in a report. It has urged banks to develop technology, improve operations and gain strength through mergers before the proposed economic downturn takes shape. We are in a downward spiral of our economy and it is time for banks to take drastic measures because they are not in the right position, ”said a Mackenzie associate. Looking to get to the final and nobody can afford to rely on their achievements. The decade following the global financial crisis has seen a number of innovations in the financial services sector, from new fintech startups to big companies when competing against these competitors, joining them or acquiring them. In his report, Mackenzie said that the risk of banks has become a brief note of histor

Mumbai, Ta. October 22, 2019, Tuesday The days of doom have come after India's IT giant and one-time global software-IT giant Infosys Ltd. created an extraordinary wealth of investors. Infosys shares were down 5% today, against the management of the company, complaining that some employees of the company were taking the unconstitutional route. Which was the biggest bang in the last six years. As a result of this scarcity, the capital of the investors today has eroded more than Rs.5 crore in a single day. Infosys' current shareholders complain that current management chief executive officer (CEO) Salil Parekh and chief financial officer (CFO) Nilanjan Roy are adopting a non-conservative way to show the company's short-term revenue and profitability. Panic sailing had begun. In this whistleblower's complaint, Infosys' audit committee is investigating a statement made by company chairman Nandan Nilkani, while offloading shares today opened at Rs 5 against the previo

(Gujarat News Office) Mumbai, Ta. October 22, 2019, Tuesday In the Mumbai jewelery market today, prices were on the downward slopes. Demand in the market was lower than expected despite the flowering today. The market was now on the lookout for tantric demand. According to the directives, on the day of floral constellations, the demand was reduced by 5 to 8 percent. In the market today, gold prices also went down. In the underadabad market, gold prices today fell by Rs 5 per gram to Rs 5 and Rs 5 to Rs 5. Silver prices remained flat at Rs. In the global market today, gold prices fell below the dollar's high of $ 5.45, while the US dollar was trading at $ 8 in the evening. In the global market, silver prices also fell higher than the high of $ 5.7 in the evening. Meanwhile, in the domestic currency market today, the dollar price against the rupees was ticking. In the world market, there was a buzz of optimism in the progress of the trade meetings between China and the US. Meanwh

Mumbai, Ta. October 21, 2019, Monday The Mumbai oil market was officially closed today in the wake of the elections in Maharashtra. New trades at the closed market were unbeatable. In the world market today, Palmetel's futures in Malaysia showed an improvement of 5 and 6 points in the near delivery while the distant delivery was showing a decrease of 5 and 5 points. There, the prices of the palm product were raised by two and a half dollars today. Meanwhile, the Solvent Extractors Association of India has appealed to the importers to restrict the import of palmetta from Malaysia as per instructions received today. Meanwhile, Chicago soybean futures in the US today were projected to remain four points plus an evening in projection. Meanwhile, the dollar was trading soft against the rupee in domestic currencies today. In the Mumbai market today, the price of 5kg was Rs. On the Rajkot side, prices were between Rs 5 and Rs 5 per kg. Cotton washed up by Rs 5 to Rs 5 today, while in

New delhi date. October 21, 2019, Monday The Ministry of Commerce is considering some export promotion schemes such as the EPCG to be more practical and easier in the next foreign trade policy. Foreign trade policy provides a guide and incentive to increase exports. The Ministry of Commerce is holding discussions with each of the stakeholders in preparation of the new Foreign Trade Policy (1 to 5). The current foreign trade policy expires on March 7, an official from the Commerce Ministry said. In addition to facilitating advanced authorization and self-certification schemes, the government is advocating for the inclusion of new standards for service sector and e-commerce exports. EPCG is an export incentive scheme under which an exporter can import up to a certain amount of capital goods at zero duty. This can only be imported for the upgrade of technology related to export. On the other hand, advance authorization is allowed to allow duty free import of raw materials. These raw

Mumbai, Ta. October 21, 2019, Monday In India, refinancing is becoming a major challenge for vehicle financing companies who rely on short-term funds due to deteriorating economic conditions and liquidity. Until now, the situation was quite favorable for vehicle financing companies in India and Indonesia. Financing companies were benefiting from the strong economic and demographic status of both countries. But vehicle sales are declining, especially in India. Vehicle sales are falling due to slow economic conditions, according to a statement by rating agency Moody's. The biggest risk for vehicle finance companies in India and Indonesia is that they rely on short-term wholesale funding. This risk was exposed to vehicle financing companies after the IL&FS chapter came out in September last year in India. Following the move, the liquidity crisis in non-banking finance companies in the country arose. After the liquidity crisis, many Indian companies are making structural chang

(Gujarat News Office) Mumbai, Ta. October 21, 2019, Monday Bullion market in Mumbai jewelery market today was officially closed following the elections in the state. In the closed market, however, the prices of precious metals were talking high, while in the Mumbai currency market today, there were directives for the closing price of the dollar against the rupee. Dollar prices were trading at Rs 5 to Rs 5 today at a low of Rs 1.2, and then the evening price was talking Rs. There were reports that the dollar index against the basket of various currencies in the world market was at the bottom for three months. Meanwhile, gold-funded active buyers remained on the market. In the global market today, gold prices went up by $ 5 in the evening before rising to $ 8. Silver followed with gold, rising $ 8 to the US $ 8.5 in the evening. Platinum prices soared to $ 5 and palladium prices were up $ 8 to $ 8 on the global market this evening. The British pound was speaking softly on the world m

Ahmedabad. October 21, 2019, Monday The Mumbai stock market and the National Stock Exchange were officially closed today, irrespective of the Maharashtra assembly elections. Now, with only four trading sessions remaining on completion of the current Vikram Samvat, will the Nifty 9's psychological or psychological reversal before the Muhurt trading of Diwali in the market circles? It has become the topic of discussion. It should be noted here that during the past week, the Nifty was up 7.5 per cent on fresh buying. Thus, she is now 2.5 percent away from the psychological level of 0. The Nifty has seen a serious improvement over the past week following various government steps and other favorable reports. However, for the Nifty this week, the level of 1-4-8 would be too difficult to jump into this week. If the adverse report comes in the next four days or there is pressure on the selling of profits, the Nifty can go down to 1,3,3,8. Which is the surface of support for its signif

New delhi date. October 21, 2019, Monday In an internal assessment conducted by the central government, the total revenue through current fiscal year tax is estimated to be about Rs 2 trillion deficit. In the Budget for the financial year 1-3, it was estimated that revenue would be Rs 5.5 trillion through taxes. The Finance Ministry submitted its estimate to the Finance Commission on the 15th. The Finance Commission has sought a fresh application from the Finance Ministry on diminished economic conditions, tax flows and fiscal conditions. In the fiscal year 1-3, the revenues through taxation were estimated at Rs 1.8 trillion against the estimate of Rs 5.5 trillion. Thus, in the last financial year, the revenue through taxation was reduced by Rs 1.8 trillion. In the last financial year, the country's economic growth rate was at a five-year low, with a growth rate of 5.5 percent. A deficit in income through taxation would mean a lack of resources to allocate money to the states.

(Gujarat News Representative) Mumbai, Ta. 19 October 2019, Saturday Global tensions between the US and China are rising and trade war's negative global trade is falling, China's economic growth - GDP growth slows down to 5% at 3 years and economic growth in India is also steadily declining, the International Monetary Fund (IMF) and The World Bank, too, expressed concern over the economic development of India but not the situation. Khamani warned. Despite the negative factors that led to the Modi government's recent decline in corporate tax among several economic liberalization measures to boost war-torn economic growth, the allocation of Rs. 5 crore to banks for further financing to MSMEs and the Reserve Bank of India has also consistently reduced repo rates. Corporate India's September 7 efforts to increase liquidity in the system The quarter-end results for the end of the season are off to a good start. As a result, the stock market has shown a positive move in the

(Commerce Rep) Mumbai, Ta. 19 October 2019, Saturday HDFC Bank Limited, the top private sector bank of India, announced good results for the second quarter ended September 1, 2015. The bank's net profit increased by 8% to Rs 5 crore, compared to Rs 9.5 crore in the same period last year. The average growth in the asset is 6% and the core net interest margin is expected to grow by 8%. The bank's net interest income increased by 8.5% to Rs. Loans have increased by 8.5 percent. Other income (non-interest income) of the bank increased by 8.5 percent to Rs 1.8 crore in the quarter. Operating profit increased by 8.5% to Rs. Fees and commissions account for more than 5% of other revenue. Which is an increase of 5% to Rs.5 crore. Foreign exchange and derivatives revenues grew by 8.7 percent to Rs 1.8 crore. The profit on sales-revaluation of the investments was Rs 1.8 crore, which was Rs 8 crore in the corresponding period of the previous year. The bank's asset quality is hol

New delhi date. 19 October 2019, Saturday Although the Center has achieved the target of connecting all the villages and houses in the country with a power connection, there is still a lack of uninterrupted power supply and strong infrastructure. The government has set a target of delivering home electricity through two schemes, Din Dayal Upadhyaya Gram Jyoti Yojana and good luck. Out of the Rs 1 crore sanctioned for this operation, the states have so far claimed only 5 per cent, indicating that the scheme is running slow. Both these projects are due to expire in March next year and all the projects under the scheme are required to be completed by December of the current year. In addition to connecting villages and homes with electricity, the scheme also includes other components such as feeder splitting, feeder metering, metering in houses, new transformers and transportation and distribution infrastructure. According to Rural Electrification Corporation statistics, some states

New delhi date. 19 October 2019, Saturday Competition Commission of India (CCI) is looking to create an advisory for online platform companies in an effort to address the concerns raised by the huge discounts provided by e-commerce players and lower prices for retailers. CCI will issue a mild policy advice, CCI sources said. No matter what the online marketplace is, it is also a fact that e-commerce companies should not distort the market. Recently, the government was awakened after reports of e-commerce companies selling goods worth Rs 5 crore for the Dussehra festival and a statement came out that the e-commerce companies were under the eyes of the government. Online retailers have been asked a few questions and if they are found guilty after their clarification, then the CCI movement has come after the government announced to take action. Off-line retailers have been waging wars against e-commerce generations over the past few years due to the fear of being stripped of their b

(Gujarat News Office) Mumbai, Ta. 19 October 2019, Saturday The bullion market was officially closed on Saturday in the Mumbai jewelery market. The prices of precious metals were talking high at the closed market. World market news was encouraging. There were reports that the dollar index against the basket of various currencies in the world market had fallen to the bottom of three months. As a result of this, there were globally funded gold medals. Even in the closed currency market today, the dollar was falling by Rs. 5 to Rs. Meanwhile, the ongoing debate in Britain's parliament over the question of Brexit between Britain and Europe was also being watched by players in the world market. Gold prices in the world market were trading at $ 5 to $ 5 a week after the rise of $ 5 to $ 8 per ounce, while silver in the world market went up from $ 8 to $ 8 per ounce last week. Platinum prices, meanwhile, remained at $ 1.8 to $ 1.8 at the end of the week, while palladium prices fell fr

Ta. 19 October 2019, Saturday On Saturday, the total trade of around 5 tonnes was done in different refineries for October and November in the 5 kg Rs. Palmetal prices were hovering above Rs 4 and JNPT at Rs. The prices of singlet and cottonseed oil were also strong. According to market analysts, prices of various indigenous and imported edible oils are likely to remain high in the market till Diwali. Informations were showing that prices in Palmtale could go up to Rs. Meanwhile, in the market today, Singtel prices were hiked by Rs 5 per kg while Rajkot side was reported to be priced at Rs 5 to Rs 5 and Rs 5 to Rs 5 per kg. There, the price of cotton washed increased from Rs. In the Mumbai market, the price of kapasia oil was Rs. 5 while the price of crude palm oil CPO Kandla remained at Rs. The prices of soyetail were Rs. 6 for refill and Rs. 6 for sunflower, while the price of sunflower was Rs. 7 and refined Rs. Mustard prices were reported at Rs 5 and Rs 5 for Copper. The pric

New Delhi, 19 October 2019, Saturday Food delivery startup Swiggy could be the largest private company providing employment for people with a bluecolor job The company is planning to hire 3 lakh delivery executives in the next 18 months. After that, the number of people working in the company will exceed 5 lakh According to the annual meeting of Swigerina Co-Founder and CEO, Mr. Harsh Majetti, if his growth estimate remains unchanged, in the short term, he will become the most employed source of troops and railways. The Indian Army has 12.5 lakh troops while by March 2018, the railway had more than 12 lakh staff. The IT company TCS has 4.5 lakh employees. The company is also the largest employer operating in the private sector. Most engineers work in it. Currently Swiggy has 2.1 million monthly delivery staff and 8,000 corporate employees on payroll. Delivery staff do not receive the same benefits as PF because they are not on payroll. Swiggy is called an active delivery partner