Market and Business News

Mumbai, 28 January 2020 Tuesday Billionaire investor Rakesh Jhunjhunwala is being investigated for insider trading. Two people who were aware of the incident said that the Securities and Exchange Board of India (SEBI) is conducting this investigation on shares of Aptech Limited. The education company belongs to Jhunjhunwala and his family. Sebi is also investigating other members of the family who are shareholders in the company. He is also being investigated along with Investor Ramesh S Damani and other members of the board, including company director Madhu Jaya Kumar. ET does not confirm the period in which the insider trading rules were allegedly violated. Sebi has in its notice to Xunzhunwala and others that 'cooperate with the investigation' on suspicion of insider trading. The people involved in the management of the companies have important information and before that information is disclosed, any action associated with the sale of the stock is taken, which will af

(Gujarat News Representative) Mumbai, Ta. 27 January 2020, Monday Millions of people were stranded in China following the warning of Chinese President Xi Jinping that many of the deadly corona viruses in China are suffering from the virus, and now China's conflict with other countries has been affected by the prevalence of global warming. There was a buzz in markets China's Corona Virus Today, the market began to discount budget expectations against global markets dominating Indian markets. The Finance Minister Nirmala Sitharaman in the Union Budget to be introduced this week on Saturday, February 1 this week, defined a two-year long term instead of a one-year long term and a one-year definition for LTCG for the elimination of the Long Term Capital Gain Tax (LTCG) on property sales. Dividend Tax Withdrawal and Decrease in Securities Transaction Tax (STT) The market was discounted by factors including the observed potential of the market. The US dollar also strengthened agains

(Commerce Rep) Mumbai, Monday Housing Finance Giant Housing Development Finance Corporation (HDFC) Limited has announced encouraging one-time benefits from the third quarter ended December 1, 2015. The company's net profit increased four-fold to Rs 1.8 crore, compared to Rs 1.8 crore in the same period last year. The company's profits have been recorded through merger with the big growth house finance bank, with a merger-to-value value of Rs 1.8 crore. This Associate Company of NBFC has been merged with Bandhan Bank on October 1. The company has recouped Rs 1.5 crore fair value gain on de-recognition of investment in home finance. HDFC has converted shareholding into bond bank shares in its home finance. The issue has been approved by the Company's Board on a private placement basis of non-convertible debentures (NCDs) of up to Rs. HDFC Ltd has made a provision of Rs 1 crore in the quarter. That was Rs 1 crore in the corresponding period of the previous year and Rs 1 cr

Mumbai, Ta. 27 January 2020, Monday India's palm oil imports from Malaysia are expected to fall to a nine-year low in January. Traders in the country have almost stopped importing palm oil from Malaysia following the directive of the Indian government. India is the largest importer of palm oil in the world. The decline in India's imports has led to the decline in prices of palm oil in Malaysia by three to five per cent, which was a three-year high in early January. In the second week of January, the Indian government indirectly instructed importers of palm oil to stop imports from Malaysia. The move comes after the Malaysian government protested India's move to Kashmir. Some traders were expecting that government trading firms would issue tenders and purchase refined palm oil for the public distribution system, but it has not been seen yet. None of the traders made any deals at Malaysia for the February import. Government agencies have not even issued tenders for the

Mumbai, Ta. 27 January 2020, Monday Onion production in the country is expected to increase by 7 per cent to 8.5 million tonnes in the current crop year of 3-5 years. Onion consumers will be relieved against higher prices due to growth in production. Issuing its first estimates, the Ministry of Agriculture said that onion crop has been harvested on an area of ​​1.5 lakh hectares in Crop Year from July 1-7, which is modest compared to last year's 1.8 lakh hectare. As a result of this, onion production, which stood at 8 million tonnes in a crop of 3-5 tonnes, is expected to rise to 8 million tonnes. Onions are harvested in both kharif and ravi seasons. This year, the long monsoon of kharif kandan has been estimated at 6 percent of crop loss, according to the Agriculture Ministry. In addition, excessive rainfall led to the increase in prices due to supply constraints. Onion prices have forced the government to import onions in the country. Onion prices have fallen to around Rs 5

(Gujarat News Office) Mumbai, Ta. 27 January 2020, Monday Gold prices rose sharply in Mumbai jewelery market today. World market news was booming. Amid reports of rising Chinese virus infestation in the world market, there were indications that the rise in safe haven form funds in gold globally and the sharp rise in gold prices in the aftermath of the global market. Gold and silver import costs have gone up due to the rise in the global market and the dollar against the rupee in the domestic currency market, and prices in the jewelery market are rising, according to informants. The rupee had weakened in the currency market today, with the stock market falling in Mumbai. Meanwhile, gold prices were trading higher at $ 5 an ounce in the global market, while the price was $ 5 in the evening. In the global market, gold prices also rose by $ 1.3 a ounce to USD 5.7 today. In the Mumbai currency market, the dollar was up by 5 paise to Rs 5 today, while the British pound was up 4 paise to

Mumbai, Ta. 27 January 2020, Monday The decline in prices of various indigenous and imported edible oils in the Mumbai oil-seeds market went ahead. World market news was showing a slowdown. News of China's deadly virus outbreak has increased in the world market amid reports that it is spreading to other countries. The demand for China in America's agricultural markets was even more troubling news today. US - Chicago futures prices were up 5 to 5 points this evening in projection of soybean futures this evening. Today, news of crude palm oil futures futures and soybean futures was on the verge of a slowdown in the domestic futures market. Soyaat futures prices were trading today at Rs 5 after falling higher by Rs 5 in the evening while crude palm oil CPO futures were at Rs 5 in the high today. ..3 were speaking. In the spot market in Mumbai today, 5 kg of paltal hawala resale rupees were called Rs. While the prices of JNPT were Rs. About 5 to 5 tonnes were traded today at Rs

New Delhi, January 28, 2020 Monday The largest tax evasion bill in the history of the gang has exploded. Two investment bankers Britain Martin Shields and Kiwi Paul Mora stole nearly $ 60 billion (4.3 million rupees) tax from the treasures of different European countries. Hundreds of bankers and thousands of investors have also joined in the work. But he did not know what was going on, the tax evasion occurred in the period 2006 to 2011. Britain Martin and Paul Mora both worked for Bank of America Merrill Lynch, both of whom met in London, together they started a scheme they called 'cum-ex trading', meaning With Our Without. This worked to protect both investors from double taxation, meaning that their work would at least be taxed on investment income and save more. Double refund on dividend tax payment These people were so masterful and clever in their work that they received double refunds on dividend tax payments, used the entire game using specific timing and law hole

New Delhi, Jan 27, 2020, Monday The corporate world is optimistic that the economy will improve in the next two to three months. Talking to the media on Republic Day, Mahindra & Mahindra Managing Director Pawan Goenka and SpiceJet Chairman Ajay Singh expressed optimism about the bright future. Pavan Goenka said that despite the sluggishness of the economy, there was a positive outlook. December was better than we expected. Still sluggish, but the situation seems to be slowly changing. We expect the situation to recede by the first quarter of the fiscal year 2020. Goenka dismissed the discussion with the corporate world before the budget, saying that our expectations for the budget were high this time as we had a conversation. SpiceJet's Ajay Singh said that despite all the negatives, we have no doubt that the Indian economy will slow down. However, we have to pay special attention to a few things. We have to reduce costs and take steps that will not even increase debt.

New Delhi, Jan 27, 2020, Monday The corporate world is optimistic that the economy will improve in the next two to three months. Talking to the media on Republic Day, Mahindra & Mahindra Managing Director Pawan Goenka and SpiceJet Chairman Ajay Singh expressed optimism about the bright future. Pavan Goenka said that despite the sluggishness of the economy, there was a positive outlook. December was better than we expected. Still sluggish, but the situation seems to be slowly changing. We expect the situation to recede by the first quarter of the fiscal year 2020. Goenka dismissed the discussion with the corporate world before the budget, saying that our expectations for the budget were high this time as we had a conversation. SpiceJet's Ajay Singh said that despite all the negatives, we have no doubt that the Indian economy will slow down. However, we have to pay special attention to a few things. We have to reduce costs and take steps that will not even increase debt.

Mumbai Ta January 25, 2020, Saturday There has been growing concern over the recent growth in bank credit growth. While credit growth has fallen to seven per cent, the amount of credit card and personal loan securities has seen the largest growth of the last four years till November of the current fiscal year. The credit balance on credit cards in the current financial year stood at Rs 1.8 lakh crore, which is three times the peak seen in the current financial year. After that, uninsured loans declined sharply in the country. The number of personal loans has also increased by 6 times compared to 1, at Rs 1.8 lakh crore. Loans on credit cards have also been increasing at an annual average rate of 5% since FY 7, after the financial year fell into the top five. Other personal loans have also increased at an annual average rate of 4% in the last four years. Credit card and other personal loans have significantly increased their share of retail loan portfolios. Credit card trading, w

- After Ag commodity, BSE is now starting to trade futures in aluminum and zinc in base metals. Unza, Ta. January 25, 2020, Saturday The Budget, to be released on February 1, shows a keen interest in the commodity sector. How much tax relief will the business class receive? What are the benefits that farmers will get? A number of things have come up with the budget. The commodity sector is expected to provide relief on a number of issues, including the CTT. Investors, farmers, jewelers, traders, all sorts, have strong expectations of what the second term of the BJP government will be like, and especially the finance minister Nirmala Sitharaman's first budget. With the advent of the Modi government, merger is being emphasized in every sector. The BJP government has implemented a simple merger of all taxes under One Nation, One Tax. There have been a number of reforms since the implementation of the YG, along with the tax and the merger of banks and insurance companies. The gove

- Silver too high: Crude and Copper tinted Mumbai, Ta. January 25, 2020, Saturday The bullion market was officially closed on Saturday in the Mumbai jewelery market. However, closed-end markets saw a sharp rise in the global market for gold and silver prices, market sources said. There were reports of price overnight jumps in precious metals in the world market. With the rise of deadly virus infestation in China and the spread of such deadly virus in other countries, the stock markets of various countries globally have dropped and gold prices have risen. There were funded beers in gold. Global demand for safe investment in gold was reported in an environment of uncertainty. The US stock market overnight decline saw the biggest daily decline since October 1. Against this, there were reports of gold prices hitting $ 5 to $ 5 a week on the rise in the dollar market. Gold and silver prices were up in the wake of global market boom. In the Mumbai market today, gold prices were up by Rs

New delhi date. January 25, 2020, Saturday In the coming budget, the government is likely to announce an increase in the duty on electronic, electrical, chemicals and other goods imported from China and other countries. Deutsches on an estimated $ 3 billion in imports are on the rise, finance ministry sources said. It was also reported that the increase was aimed at emphasizing the Make in India program and increasing consumption of local products. The announcement will be made in the budget presented on Saturday, February 1st. In the wake of the increase in import duties, goods such as mobile phones, phone chargers, industrial chemicals, wood furniture etc. are expected to be expensive in the country. Importers of mobiles who manufacture mobiles in India who have increased their duty on raw materials or components will be costly. Import duties are likely to increase by five to seven percent, sources said. The increase is being done to reduce imports and encourage consumption of d

(Gujarat News Representative) Mumbai, Ta. January 25, 2020, Saturday In contrast to global markets, Indian stock markets have seen a resurgence in the last days of the last week. The deadly virus in China poses a threat to the global economy, but global markets for India know that this factor has become advanced, and Indian stock markets are seeing an all-round takeover of foreign funds. With the index-based bullish in the stocks, the expected gains in small, mid-cap stocks have spread. This factor has also become positive for India, with China's international crude oil prices falling below Brent crude's $ 5. However, due to the weakening of the rupee against the US dollar, caution has been observed in the bullish trading on the stocks. Due to this global factor, the market is now focusing on the central budget to be released next week, February 7. This time, the budget has seen a surge in shares, high net worth investors, in anticipation of several big incentives. With the p

Mumbai, Ta. January 24, 2020, Friday The country's cooperative dairies have raised objections against private companies for supporting the import of skimmed milk powder (SMP). The supply of domestic SMPs has declined due to the marriage season and production decline. Private companies have backed away from allowing bulk users such as ice cream and confectionery makers to import 1.5 tonnes of SMP. This import can be done at zero import duty. The co-workers have protested against the proposal, saying it would hit farmers. The Confederation of Indian Industry (CII) has proposed that the government import SMPs. The price of SMP is currently Rs. 5 to Rs. 5 per kg. In the last one month, prices have risen 5% and doubled in one year. SMP prices are currently at the top. Therefore it is less likely to increase now. Consumers will switch to liquid milk or consider using other alternatives if prices rise any further, he said. The current price increase is temporary. Prices are expected

(Gujarat News Representative) Mumbai, Ta. January 24, 2020, Friday Funds again over the weekend, as the maharathi steadily raised all-rounds in stocks. The Finance Minister expects the government to provide financial incentives for the capital market as well as corporate India and various industries at this time in the central budget set to be released on February 3, as well as projections for global trade with India against the risk of falling global trade with China as a result of China's deadly virus. Foreign Minister Nirmala Sitharaman hopes her image will change this time as the failed finance minister Ndoe yesterday after the biggest shopping boom cycle continued moving even today. Other Asian markets today saw a strong recovery in normal recovery and European markets, with China's CSI index falling 3 points, or three percent more, as a result of the Chinese virus hitting Chinese markets yesterday. Crude oil's international prices fell 5 cents to $ 5.7 in Brent

Mumbai, Ta. January 24, 2020, Friday After the scandals have been caught by logging in to Facebook and online Matrimonial sites, the Securities and Exchange Board of India (SEBI), the market regulator, will launch itself with high-end social media surveillance tools to drive more searches and manipulate marketers. Sebi chairman Ajay Tyagi said Sebi was in the process of building its social media technological capabilities to monitor and prevent manipulation. Tyagi said at a research conference organized by the National Institute of Securities Markets. That regulators worldwide are increasingly accepting surveillance information from social media platforms. Sebi will watch as many market manipulators as possible on social media posts, gaining the ability to analyze and analyze them. In a case related to Deep Industries in Year 1, Sebi was found to have Facebook friends and regularly posted each other's posts by the entities involved in the Insider trading case. In December, the

(Gujarat News Office) Mumbai, Ta. January 24, 2020, Friday Gold prices in Mumbai jewelery market were up and down again today. World market news was showing strength from declining prices. The dollar was trading higher against the rupee in the domestic currency market. In the global market, however, there was news of a fundraiser's withdrawal from the global market following a flurry of dollar indexes in the world market, amid speculation that interest rates in the US would be further reduced. In the global market today, gold prices were up by $ 8.2 per ounce, the price of $ 8 to $ 8 per tonne. In the currency market today, the dollar against the rupee was Rs. 5 with the open price being Rs. Dollar prices were up four paise today, while the British pound price fell by 5 paise to Rs. The euro prices today went down from 5 paise to 5, from Rs. Meanwhile, gold prices in the Mumbai jewelery market today closed at Rs 5, down by Rs 5, without GST of 5 grams. While the price of Rs 5 w

Mumbai, Ta. January 24, 2020, Friday According to news available from Amnaz Bazar, the Food Corporation of India has increased wheat and rice prices and the central government has now decided to reduce the reserve price of wheat rice to ease the deficit. It is necessary to soften the existing stock in the warehouses before the next new wheat-rice purchase begins and this has led to such reserve price decline. Meanwhile, under the open market sale scheme, the government has reduced the reserve price of rice to Rs. 1, while the reserve price of wheat is Rs. The reserve price was lower than before the Economic Coast of the Food Corporation of India, and now the difference has been further increased by reducing such reserve price. In addition to the purchase of support prices in FCI's Economic Coast, the cost of transport cost, storage cost, handling and distribution of wheat and rice is equal to Rs. 3 per kg of rice and wheat while reserve prices have been significantly lower.