Market and Business News

Ahmedabad / Mumbai, Dist. 25 February 2020, Tuesday Gold prices were back on track after a boom in gold prices last week. On the other hand, in the last two days, the rift in Singtel has started due to various factors. At the Ahmedabad oilseeds market here, Singtel cans are priced at Rs. 1 was reached. Cottonseed oil prices were also lifted behind Singtel. The mixed weather was seen in Mumbai oil-seeds market today between Singtel and Samasama heels at Pamtel. Singtel prices surged behind Saurashtra while paltail prices remained sluggish. The news of the world market was rapidly softening. Meanwhile, in the spot market in Mumbai today, there was a surge of 5 kgs in Singtel with a further bounce of Rs 6 while the Rajkot side saw the price rise of Rs 5 to Rs 5 and Rs 5 to Rs 5 a kg. There was a demand for branded. Peanut-shrimp arrivals were also slower than expected. Singadana's all-India arrivals, which recently peaked at 5 lakh times the average daily, were now reported to be ...

(Gujarat News Office) Mumbai, Ta. 25 February 2020, Tuesday In Mumbai jewelery market today saw a sharp decline in gold prices, breaking the record record. Silver also fell sharply due to rising headlines. World market news showed a sharp decline from rising prices. In the domestic currency market, the dollar was also down against the rupee today. Gold prices in the world market, which went up from $ 5 to $ 5 a barrel, fell to a low of $ 5 today, to $ 8.2 tonight. In the world market, there were reports of unprofitable selling on the upside today in gold. The backdrop of the world market today was the selling of psyche due to lack of new demand in the high market in Mumbai market. After the dollar in the world market today, the dollar against the rupee opened at Rs. 5.7 with the opening price at Rs. 5, while the lower price closed at Rs. Dollar prices were down 5 paise today. In Ahmedabad, gold prices fell by Rs 5 to Rs 5 per kg while silver fell by Rs 5 a kg. In the market today, go...

Mumbai, Ta. 25 February 2020, Tuesday Cash is still king in India but the trend towards digitization is also increasing, according to an internal study by the Reserve Bank of India. The high proportion of cash in currency compared to the country's GDP provides an indication that consumers are more likely to prefer cash for payments. On the basis of this fact, Indians still prefer cash payments. Demonetisation and proactive growth of GDP reduced cash in circulation to 8.5% in 5-7 compared to the country's GDP at 5-7 but in subsequent years, it increased to 8.5% in 5-7 and 5.4 in 5-7. Had given up. However, in the financial year 1-3, this figure was 8.5 percent. However, the growth rate is low, indicating that people are turning to digital from cash. During the period from October 1 to October 1, the amount of notes in circulation increased by an average of 5%. Considering this rate, the number of notices in circulation in October 1 was expected to be Rs 5 trillion, but none...

Mumbai, Ta. 25 February 2020, Tuesday For the Reserve Bank of India, the Bank of America considers the reserve $ 8 billion level of forex reserve as a favorable level. The Reserve Bank will be collecting dollars at every opportunity. It has also been expressed that RBI will continue to collect dollars at the expense of the rupee. At the end of February 7, the forex reserve was at $ 8 billion, with the Reserve Bank buying $ 4 billion so far in the current fiscal year, while selling $ 8 billion in 1-3. According to Bank of America, the tightest level of forex reserve for the Reserve Bank is $ 4 billion. The Reserve Bank has adopted a policy of increasing the reserve with the objective of maintaining maximum import cover, fully covering FPI investments and providing adequate cover to India's short-term debt. The bank has also expressed its view that the reserve bank's $ 1 billion forex reserve may be favorable in view of import cover, FPI investment and short-term debt figur...

Singapore, Ta. 25 February 2020, Tuesday The supply chain from China that has been lost is likely to be considered by the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) for coronavirus-related incidents, a DBS Bank report said. In a report prepared by DBS, the bank's economist noted that the impact on India was being affected by the loss of supply chain from China. India imports huge quantities of goods from China. If the impact of the coronavirus continues in the second quarter of 1, the report is likely to temporarily increase prices with a delay in production. The Reserve Bank's MPC is also likely to consider events. The virus has stalled economic activity in most parts of China, the world's second largest economy, and has impacted most industries. The World Health Organization has declared the coronavirus crisis as a global health crisis. The Indian economy is still in the middle of bottoming out. It will be seen at a weak level before the reform begi...

Singapore, Ta. 25 February 2020, Tuesday The supply chain from China that has been lost is likely to be considered by the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) for coronavirus-related incidents, a DBS Bank report said. In a report prepared by DBS, the bank's economist noted that the impact on India was being affected by the loss of supply chain from China. India imports huge quantities of goods from China. If the impact of the coronavirus continues in the second quarter of 1, the report is likely to temporarily increase prices with a delay in production. The Reserve Bank's MPC is also likely to consider events. The virus has stalled economic activity in most parts of China, the world's second largest economy, and has impacted most industries. The World Health Organization has declared the coronavirus crisis as a global health crisis. The Indian economy is still in the middle of bottoming out. It will be seen at a weak level before the reform begi...

Singapore, Ta. 25 February 2020, Tuesday The supply chain from China that has been lost is likely to be considered by the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) for coronavirus-related incidents, a DBS Bank report said. In a report prepared by DBS, the bank's economist noted that the impact on India was being affected by the loss of supply chain from China. India imports huge quantities of goods from China. If the impact of the coronavirus continues in the second quarter of 1, the report is likely to temporarily increase prices with a delay in production. The Reserve Bank's MPC is also likely to consider events. The virus has stalled economic activity in most parts of China, the world's second largest economy, and has impacted most industries. The World Health Organization has declared the coronavirus crisis as a global health crisis. The Indian economy is still in the middle of bottoming out. It will be seen at a weak level before the reform begi...

Mumbai, Ta. 25 February 2020, Tuesday Indian Sugar Mills Association (ISMA), a top sugar producing company, has raised its production estimates for the current sugar season by a modest margin. Based on satellite images taken in the last week of January for sugarcane-producing areas, Isma raised its sugar production estimate to 1.5 million tonnes at its meeting on Tuesday. Isma has taken into account the image, sugar recovery and yield of the harvested and remaining areas. Sugar production in the current sugar season, which was earlier estimated at 8.5 million tonnes, has now been increased to 8 million tonnes in a current sugar season, ISMA said in a statement. This estimate is due to the reduction in sugar production due to excess production of ethanol through heavy diversion and sugarcane juice diversion. Uttar Pradesh's sugar mills are expected to produce a total of 8 million tonnes of sugar, which was the same as last year. Sugar production in Maharashtra is projected to d...

(Gujarat News Representative) Mumbai, Ta. 25 February 2020, Tuesday Despite efforts to control China's corona virus, the continuing rise in positive cases and the alarming rise in virus outbreaks in countries outside of particular China have now led to the death of a total of 3 from the Corona virus in Iran, increasing the number of positive cases to Italy and 1 to South Korea. Four more passengers die in Diamond Princess Cruise Ship to US, Japan and Hong Kong With Dow Jones on the US stock market yesterday, cautioning that the global economy was in turmoil, with Indonesia issuing travel warnings for South Korea and Hong Kong's exports declining in January to the tune of $ 1.8 million. Asia-Pace breaks down by 8 points Jack universal Fick and European markets had gone down. In fact, Indian stock markets today suffered a major erosion over short cover by lowering funds, with India's $ 3 billion defense deal with the US and the expectation of even more trade deals. Sensex f...

(Gujarat News Office) Mumbai, Ta. 24 February 2020, Monday In the jewelery market today, the record price of precious metals went up. Gold prices surged to new highs. There were reports that gold prices in the world market were approaching $ 5 a ounce. As the rupee in the domestic currency market also collapsed, the dollar prices went up by Rs. 1 and the world market was also buoyant. However, there was also talk of new demand slowing in the market due to price rise. Meanwhile, gold prices in Ahmedabad market today rose by Rs 5 to Rs 5, while a new history of Rs 5 was created while the price of Rs 5 was increased by Rs 5 to Rs. In the Ahmedabad market, silver prices were hiked by more than Rs 5 per kg. There were reports of silver prices rising higher in the world market. Meanwhile, China's deadly virus outbreak globally was fueled by fears of its adverse impact on the global economy spreading to different countries outside China, as well as buying funded gold. The stock market...

Beijing, Ta. 24 February 2020, Monday Most of China's economy is currently in a dormant state, and many of its companies are scrambling to survive. In the current month's survey of small and medium-sized companies in China, many companies have just as much cash on hand for a few days. While the Chinese government has lowered interest rates and instructed banks to increase financing and relaxed the standards for companies to resume their operations, many companies' administrators said that they did not have enough money to pay employees but that they had new money to pay the debt. Not found. It is difficult for some companies to survive without financial support or sudden improvement in the Chinese economy. If the coronavirus is not controlled within the current quarter, many of China's small business activities will stop, an analyst said in an interview to a local agency. The Chinese industry is providing much-needed support to the trade industry. China's larges...

Mumbai, Ta. 24 February 2020, Monday For foreign institutional investors (FPIs), India is still the center of choice in emerging economies. In the last six months, FPI has invested $ 8 billion in the Indian equity market, the highest in emerging markets. Sensex is an expensive index in emerging markets. Sensex is 5% more expensive than Indonesia, Brazil, China and Mexico. Sensex is three times more expensive than Russia's index. There has been a strong inflow of capital, but the country's macroeconomic fundamentals have seen a steady decline. India's economic growth rate has declined significantly in the calendar year of 9 and it has also lost respect for the fast growing economy. India's economic growth rate will see a gradual improvement in Phase 2, but in comparison, China, Vietnam and Bangladesh will have faster growth rates, according to a report by the International Monetary Fund. India's exports of goods are shrinking and domestic consumption demand is ...

Mumbai, Ta. 24 February 2020, Monday The next two to three months will be very important for the country's auto industry. As the auto industry of the country is upgrading to BS-3 standard, the coronavirus may cause consumers to pay more. Companies are upgrading to the new BS-1 standard and getting daily estimates from suppliers, auto industry sources said. Even if a small part of the vehicle is out of stock, it can make the situation worse. However, there are currently no such circumstances. Factories in China are still closed for a few days, and the supply chain is in danger of being lost. The coronavirus can affect not only India's auto industry but also auto companies around the world, as most auto companies depend on China in one way or another. World auto companies rely more on China for auto parts. On the one hand, China is concerned, while on the other hand, truck and bus manufacturers in the country have a huge stock of India Stage (BS) - 3 vehicles in stock at pr...

Mumbai, Ta. 24 February 2020, Monday The weather was mixed today in the Mumbai oil-seeds market. Singtel prices surged behind Saurashtra while imported paltail prices fell behind the world market. Diwali and the castor were present. In the spot market in Mumbai today, the price of 5 kg of Havla resale at Pawtail was Rs 5 and Rs 5 for JNPT. The trade was 5 to 5 tonnes. Selling behind the world market had increased. Meanwhile, prices of crude palm oil CPO Kandla remained at Rs 5 while in the futures market today CPO prices were lower at Rs. 8, then lower at Rs. The current price of Singtel was Rs 5 in the Mumbai market today with a rise of Rs 5, while the Rajkot side price went up by Rs 5 and Rs 5 per kg for Rs 5. Cotton washed today at Rs 5 to Rs 5 while in the market of kapasia oil in Mumbai market was at Rs 5 per kg. Today, Chicago soybean futures prices in the United States were reported to have fallen 5 to 5 points in the evening, with Malaysia's markets soaring. Meanwhile,...

(Gujarat News Representative) Mumbai, Ta. 24 February 2020, Monday With China's corona virus having more than one death toll reported in China, the virus is now becoming more serious worldwide and spreading to 8 Army personnel in South Korea, and in other countries, the number has increased from five to five, and 3 more to China. The global economy is getting worse and more people are getting involved with this virus in the Middle East. Black Monde was created with an extraordinary boom in global stock markets today amid concerns over the outbreak that has become a major crisis. Gold prices rose sharply as funds turned to gold and gold in today's markets of Europe, America, Asia, and secured against massive offloading of equity in Europe, America, Asia markets due to the fears of a catastrophic global crisis. Industrial, non-ferrous metal prices have also started to decline as rising industrial activity in China, Korea, Italy and the Middle East has slowed. US President Donal...

Mumbai, February 24, 2020 Monday The first trading day of the week is, the stock market has opened after three days leave, today the stock market is looking very broken when Trump has traveled to India. Although it has nothing to do with the Trump visit, the market was closed on Friday to celebrate the Mahashivratri festival. The market opened three days later, but on the red marker, the market closed in the opening trade, the BSE benchmark index Sensex fell 500 points in the afternoon before trading, though the index saw a slight recovery around 1pm, this time reaching the index down nearly 400 points. Well, let's look at why the index dropped so low today. Last week South Korea issued a high alert across the country, with more than 700 patients receiving treatment, and seven deaths confirmed. In Italy, a flu-like virus has killed three people, with the news that the Corona virus has also shown a negative impact on the stock market. Weak global signal The stock market is ...

New Delhi, 23 February 2020 Sunday If you are a customer of SBI or HDFC or both banks, February 28th and 29th is very important for you. If you do not want to interfere with using these two bank accounts, remember these dates and get the work done before the deadline. SBI subscribers get KYC The SBI has told its customers that it should KYC their account by January 28. Otherwise, you will not be able to transact from your account. How do KYC? For KYC of SBI account you have to give your identity card. Water ID, passport, driving license, MGNREGA card, post office card, telephone bill, electricity bill, bank account details, rationing card, credit card etc. will be valid in the identity card. If you cannot go to the branch, you can have a KYC while sitting at home. The Reserve Bank has approved the video based KYC. Download the new HDFC app Beginning February 29th, the old version of HDFC Bank App will no longer work. So, just before February 29, download the bank's new app ...

(Gujarat News Office) Mumbai, Ta. 22 February 2020, Saturday Bullion Bazaar was officially closed on Saturday following a shutdown in the Mumbai jewelery market. In the closed market, however, gold and silver prices went up after the world market. New highs have been seen in gold prices. The world market was showing a new surge in news prices. With the rise of the global market, imports of precious metals have risen and prices have been rising in the jewelery market. However, high demand has now slowed the demand and now people are selling gold instead of buying gold in the market. On the global market, gold prices were trading at $ 1.8 to $ 5 on the high bounce, with a $ 5 dollar gain. Meanwhile, in the Ahmedabad market today a new history of gold has been created, with gold prices rising by Rs 5 to Rs 5 and Rs 5 by Rs 5. Ahmedabad silver was further hiked by Rs 5 per kg. Meanwhile, silver in the global market was reported to rise by $ 1.3 per ounce to $ 5.5 to $ 8 per ounce. News...

New delhi date. 22 February 2020, Saturday The government will ask the Reserve Bank to relax the rules for classifying bank loans into sub-stard assets of certain sectors that are currently facing difficulties due to coronavirus in China. Finance Ministry sources said the finance ministry sources will be asked to relax the standards of bed loans for companies in the import-export trade or for companies that depend on China for their raw material requirements, where trade activities are currently lost. The finance ministry is considering the introduction of several companies. Due to the coronavirus, companies are also facing problems with payments. Such companies will also be assured of providing funding options. The coronavirus has lost the functioning of Indian industries associated with pharma, auto, diamonds and solar equipment in the country. It is worth mentioning here that Reserve Bank Governor Shaktikant Das said that while the coronavirus would have a limited impact on the...

Mumbai, Ta. 22 February 2020, Saturday Demand for electricity in the country has increased with the rise of heat. Demand for electricity has increased in the first fortnight of the current February. The increase was mainly seen in the southern and western regions of the country, government sources said. Power plants under stress have been greatly relieved due to increased demand for electricity. Currently, the country's thermal power plants operate at around 5% of its capacity. After decreasing for five consecutive months, electricity demand in January was up 6.7 percent compared to December. Electricity demand for the timing of the rush in the current month is 2 to 5 GW higher than this time last year, sources in the Central Electricity Authority said. In the first fortnight of February, thermal and large hydro projects generated 8.5 percent more electricity than the same period last year. Renewable power plants saw an increase of 7.5 percent in electricity generation. Durin...