Market and Business News

(Commerce Rep) Mumbai, Ta: 13th April 2020, Monday With the Corona epidemic plunged into the global economic depression, weaker than expected index-based offloading in the Indian stock markets today, the cues from weak results before the start of the fourth quarter corporate results season ended March 8. The 5 points were off by 5 points. Investors' consolidated assets in stocks today fell by Rs 1.8 lakh crore to Rs 1.8 lakh crore in a single day. Gold prices rose sharply in the global market late on the evening of an increase of $ 5 per ounce to $ 5. The US dollar against the rupee today fell two paise to Rs. Although crude oil has reached an agreement between OPEC and non-OPEC countries to reduce production, international demand for crude has dropped to $ 8.9 billion and Naimax crude to $ 1.8. Funds were being sold in frontline stocks in banking, finance, consumer durables, automobiles, oil-gas stocks in Indian stock markets. Of course, the rise in demand from Indian companie

Mumbai, Ta. 9 April 2020, Thursday Gold-based exchange-traded funds (ETFs) saw inflows of $ 3 billion or 8 tonnes in the March quarter, according to World Gold Council data. In terms of dollars, this inflow is the highest ever, and the number is the highest in terms of tonnage. During the last year, gold ETFs added 5 tonnes, which is the most significant addition since the financial crisis of 5. Asset under management saw a growth of 5% compared to 1. This growth has seen investors turn to safe investment because of the serious impact the coronavirus has on the world's economies. Global equity markets have been in recession due to coronavirus. Talking about the month of March alone, gold ETFs globally have seen net inflows of $ 1.8 billion. In terms of tonnage, the cumulative figure has been 5 tonnes, resulting in the total increase in gold ETFs, which is the highest all-time high level ever. For the first time since the financial crisis, the volatility of gold was the first

- Restrictions on Private Vehicle Restrictions and Decision to Close Vegetable-Fruit Markets: Demand for Farmer Organizations to Relieve Lockdown Related to the Harvest Season A seven-day lockdown implemented to control the Corona virus in the country has entered its final stages. However, in the early stages of the lockdown, the necessities of life as well as fruits and vegetables were very readily available. In the final phase of the lockdown, the ban on private vehicles in various locations in the country for its execution, along with the closure of the vegetable-fruit market of major cities or the necessity of moving out of the city, also resulted in a significant reduction in the availability of vegetables and fruit. General Chat Chat Lounge Talking about Mumbai, the economic capital of the country, the Vashi Vegetable Agricultural Market has been closed. Similarly, the Pune's Gultekadi market has also been closed. Talking of Ahmedabad, the main vegetable market at Jamalp

Mumbai, Ta. 11 April 2020, Saturday In the week ended April 1, India's forex reserves fell by $ 1.8 million. The decline is a result of the money market intervention by the Reserve Bank to curb the rupee depreciation against the dollar. The dollar is trading above Rs 5. In the week of April 1, the country's forex reserve fell to $ 1.8 billion, the Reserve Bank data says. Due to the impact of COVD-I, the rupee has seen a high volatility in the last few weeks as foreign institutional investors are withdrawing their investment from the country's capital markets. Foreign investors withdrew investment of Rs 1.8 lakh crore in March, data shows. The forex reserve has seen a steady increase in the first 6 months after the outbreak of Covid-1. Since the outbreak of Covid-1, the forex reserve has dropped more than $ 2 billion from the all-time high. On March 7, the forex reserve peaked at $ 1.8 billion. For the week ended March 8, the reserve had dropped by a staggering $ 5.5 bi

Mumbai, Ta. 11 April 2020, Saturday Due to the coronavirus, most of the employees in the country are forced to adopt work from home, and the country is seeing a huge benefit. In addition, due to the fact that every small and large citizens are turning to indoors, data usage has also increased. These factors are becoming positive for telecom companies, and their revenue for the March quarter is estimated to increase by about 5%. The average revenue per user for telecom companies in the December quarter was Rs 5, up from Rs 1 to 3 in the March quarter, according to the Cellular Operators Association of India, according to data received from their members. Since the lockdown was implemented in March, telecom traffic has increased by 3 to 5 percent. However, the addition of new customers in March stood at 5 lakhs, while the average for each month is around 1 lakh. The lockdown slowed the pace of the addition of net subscribers, association sources said. After the spread of Covid-1,

- Food prices likely to rise next week amid fears of rising crude oil prices Mumbai, Ta-11 Apr 2020, Saturday In the Mumbai oil and oil market, prices of various domestic and imported edible oils were falling sharply among fancier traders. Overnight news was also absent when the US markets closed due to the Good Friday holiday. Also, there were no indications that the Malaysian markets were closed today because of Saturday. In the market today, the price of 5 kg of Singtel was Rs. 5, Rs. 5, while the price of Palmetal was Rs. The price of cottonseed oil was Rs. 1, soyatel refined was Rs. The prices of dalinda and castor were firmly under pressure today due to underestimation of castor crop. In the Mumbai market, the price of dewel has increased from Rs 5 to Rs 5 per kg, while the price of castor in Mumbai has been increased by Rs. In Gujarat, the price of Soyatel at Mundra was Rs 5, while Sunflower was priced at Rs 1 and RBD price at Ahira was Rs. 5, Soyatel Rs. 2 and Sunflower w

Mumbai, Ta. 11 April 2020, Saturday Non-banking financial companies (NBFCs) are required to repay a debt of Rs 5.5 trillion by June 1. Any delay in payment from NBFCs to borrowers can lead to a liquidity crisis for NBFCs, a rating agency report said. Many NBFCs are facing a liquidity crisis following the IL&FS clash. The outbreak of coronavirus has affected the performance of finance companies, which has stalled the recovery of money. If NBFCs do not find a moratorium on their borings, their liquidity will increase. The Reserve Bank has announced a three-month moratorium for borrows facing temporary liquidity stress. NBFC's CEO is claiming that NBFC is providing its customers with moratorium, but they have not found the facility themselves.

Mumbai Ta 11 April 2020, Saturday Life Insurance Corporation of India (LIC) has now extended a one-month grace period to pay the premiums paid to their insurance policy holders in March and April following the disaster inflicted on the people of Corona epidemic. The LIC said the relief, which is due to be paid to consumers in February, has been given a grace period up to March 1 along with retrospective relief up to April 1. The grace period has been extended to one month for all LIC policyholders, whose payment month is March and April 1, so that the policyholders do not have to face the difficulty of paying premium, the LIC said in a statement. In February, those who drop out of premium and grace period expires after March 1 have been announced until April 1. In addition, LIC has stated that customers have been assured that all Covid-1 related deaths can be taken under the current and new policy cover and payment will be made on the basis of immediate compliance with these relate

(Commerce Rep) Mumbai, Ta. 11 April 2020, Saturday Local gold markets closed on Saturday but as a result of a week-long rally in the world market, domestic prices of gold and silver were expected to rise to new levels not only in the coming week. The picture was popping up over the weekend, with producer countries agreeing to cut production in cod oil. Gold was priced at Rs. 1 thousand without GST and Rs. 5 at Rs. The price of ten grams with GST was Rs. In silver, the price of one kilogram was increased to Rs 5 a quote from the previous close. Silver prices were up three per cent higher with GST. In the global market, gold prices rose ten dollars to 1 ounce an ounce, while silver was trading at the end of the week. One-ounce prices were down 5 dollars to $ 5, eventually closing at $ 1.8. Fund houses remained active. Palladium was trading at $ 5 and platinum prices at $ 1 per ounce. In the wake of a meeting between Russia and OPEC in the context of a cut in production of cod oil, t

- In the new week, the Sensex will see 2 breaks and 2 nifty spot 3 repairs. (Gujarat News Representative) Mumbai, Saturday Indian stock markets are likely to become more bullish in the coming weeks as India is besieged by the Corona crisis. Corona epidemic continues to ravage the world. Now worrying transition in India is adding thousands of positive cases daily. 5 days lockdown has become inevitable. Prime Minister of various states has a video conference with the chief ministers till the end of Punjab and Ottawa. Now, there are other countries in the country, including LDCs With only the formality of the Prime Minister announcing the prolongation of the knockdown, it is quite possible that global markets will become more turbulent in the coming days due to the crisis that has plagued the Indian economy with the global economy. Look at the new expected package for economic crisis relief: Look at inflation figures for February's IIP, China, US Despite the central government gi

New Delhi, Apr 10 Apr 2020, Friday Over the past month, overnight fuel demand has dropped by 5 percent following the implementation of domestic lockdown amid widespread turmoil in the international market amid various activities. According to a study of India ratings on fuel consumption in the country, the demand for overall fuel was down 5 percent in March last year due to corona epidemic and lockdown. Capacity utilization levels were reduced by 5% during the proposed period. Demand for petrol-diesel was falling due to the lockdown that prevented people from leaving the house and impeding transportation. On the other hand, the demand for ATFs was curtailed by the ban on local air services. However, due to the lockdown, the demand for fuel was also reduced at the industrial level. According to the study, oil refineries are likely to increase their operating costs by two to two and a half dollars per barrel in the next period due to the low utilization rate. According to the rep

(Commerce Rep) Mumbai, Apr 10 Apr 2020, Friday On the Good Friday, gold and silver markets were closed in the locality, but behind the world market, there was a huge surge in precious metals in the local market. With gold GST, the price had crossed Rs 5 per ten grams. The meeting between Russia-OPEC, with many uncertainties still on the rise, saw oil prices rebound. The dollar was weakened as the US declared more stimulus to boost the economy. In the world market, gold was trading at $ 5 an ounce today, and silver rose to $ 5 per ounce, while silver was up $ 1.8 per ounce. After the global market, the price of gold in the local market rose from Rs 5 to Rs 5 without the GST and closed at Rs 5 on the closed market while the price of Rs 5 rose from Rs 5 to Rs 5. With GST, the price of ten grams of gold had crossed Rs. In the back of gold in private, silver was trading at Rs 1 a kg, up from Rs 5 a kg. Silver has seen a rise of Rs. With GST, prices were calling three per cent higher. Pl

Mumbai, Apr 10 Apr 2020, Friday The Mumbai oil-oil market was closed on public holidays today due to Good Friday. In the closed markets, prices of various domestic and imported edible oils were falling sharply among fancier traders in private. However, according to market analysts, bargaining inflows were strong today, with home-market news booming. Meanwhile, new estimates of castor crop in the country are showing that prices are likely to go higher in castor and deodal market, with more than the previous estimate. The casting of castor in the country was estimated at 1.5 lakh tonnes in February, out of which estimates were now announced to be reduced to 1.8 lakh tonnes. According to the Solvent Extractors Association, castor crops have been damaged due to adverse weather conditions in Gujarat and Rajasthan in March and the new crop estimate has been further reduced. Meanwhile, in the world market today, the futures of Palmetta were raised by 5 points in Malaysia, while the price

(Commerce Rep) Mumbai, Apr 10 Apr 2020, Friday Investors withdrew a huge investment of Rs 1.8 lakh crore in mutual funds on March 5. Which is the largest fall-out since September 9. Of course, mutual funds' equity schemes continued to flow positively, despite the month of Corona epidemic hitting the stock markets on March 9, this month, net positive investment inflows of Rs. According to the Association of Mutual Funds in India (Amphi) data, the mutual fund industry has reported a huge outflow of investment of Rs 1.8 lakh crore as a result of open ended debt-oriented schemes in March. In March, open-ended debt-oriented schemes had the highest net outflow of Rs 1.8 lakh crore in liquid funds. Since then, there has been a net outflow of Rs 5.6 crore in ultra-short diversion funds and Rs 5.7 crore in money market funds. After the IL&FS crisis in the mutual fund industry in September 1, the net outflow of Rs 1.5 lakh crore was recorded. Market participants say that usually at t

- Consumer manufacturers and exporters' associations including apparel, engineering goods and electronics in the country have announced that production units should resume soon. If exports from India fall, other countries will take advantage of it What if the lockdown is extended? The idea is to just shake. Corona's effects during the economic downturn have broken the country's economic backbone. Everybody knows that there is no direct start to the markets once they open. The congestion and rising Sensex of markets is not a barometer of the economic status of markets. Industry organizations have unanimously cautioned the government against further prolonging the 3-day lockdown, which ends April 7. Exporters of the country will have a big blow if the lockdown is prolonged, a letter written by the trade body to the Ministry of Commerce said in the last two days. Apart from the increase in the loss of exporters, it has also expressed concern that other countries will not f

(Commerce Rep) Mumbai, Apr 10 Apr 2020, Friday These days of lockdown as a result of the Corona epidemic, as many employees are using their personal mobile phones, tabs and personal laptops to increase workflow home, as well as beware of rising cyber-attacks worldwide, the country's leading stock market on the Bombay Stock Exchange (Bombay Stock Exchange). - told the intermediaries. It is worth mentioning that at present, many companies and organizations are urging employees for work from home due to the 7-day lockdown, due to which employees are doing office work online using their mobile phones and tabs as well as personal laptops. So with the increased use of digital devices in the present day, it is possible that many operations are taking place under remote monitoring mode. The exchange says cybercriminals have started targeting such users and commuting devices. BSE has cautioned market intermediaries of such hazards and issued a number of advisories to keep their personal

WASHINGTON, April 10, 2020 Friday Amidst the escalating threat of a global pandemic, the IMF's Managing Director, Christina Jarriva, has expressed skepticism about the dire economic downturn. According to him, the world that has been stalled by the Corona epidemic has reached the brink of the biggest economic meltdown since 1930. In his address on Thursday, he said that the pace of global development will move in a negative direction very quickly in 2020 and the per capita growth rate in more than 170 countries will be negative this year. The IMF chief said that it had already been clarified that the global growth rate would be negative in 2020. In fact, the whole world is heading towards a potential depression. Expressing concern over the current state of the world, he said that the corona virus could cause the world's economy to suffer the biggest setback since the Great Depression of 1930. Jarviwa said that just three months ago we had estimated that income per capita

- Korana sufferers will rise at one point but India does not seem to be able to raise its finances in the next three to four months, despite several doses of relief. - Up to $ 3 billion in cash will have to be deposited in the next three months to prevent loss of employment and income. - Demand for another one per cent reduction in lending - GST rates have also been proposed to reduce by fifty percent by month and by 5 percent for the full fiscal year. Regardless of when the lockdown will be lifted, the biggest debate goes on about how to make a broken business business happen. There can be many ways to save a broken economic system, but the biggest and most effective solution is to provide hefty economic relief to industry, traders and small shopkeepers. In order to win the trust of the laborers who fled the village due to fear of corona, the money will have to be employed. The Associated Chambers of Commerce and Industry of India (ASSOCHEM), which is looking into the interests

New Delhi, Ta-9 April 2020, Thursday Global Prime Minister Narendra Modi's hint that lockdown may continue after April 7, Global brokerage firm UBS said that NSE's Nifty Index is facing a downward spiral in the wake of rising instability in India in the wake of the lockdown. There are stages in which the lockdown will have to continue, Modi said Meryum that sought to expand the variety of administrations and experts lockdown. The three-week lockdown was scheduled to end on April 7. The general view is that raising a lockdown is not easy. Thus, after in-depth discussions at various levels, the central government will take a final decision on lockdown. The country is facing serious financial challenges due to Covid-1. Given the current situation, more drastic measures may be needed in the future. Following the Prime Minister's statement, global brokerage firm UBS said that if the lockdown is extended in India, there will also be a surge of economic hostility. India is li

New delhi date. 9 April 2020, Thursday The Reserve Bank of India (RBI) has said that the outlook for domestic money markets is quite uncertain given the huge outflows of capital from the country's money markets. The sharp decline in global prices of cod oil, the rise in the number of coronary patients in India, the burden on the banking sector due to the stress on the private sector bank and the boom in the global economy have created a downturn in the Indian stock market, the Reserve Bank said in its April report. General Chat Chat Lounge Due to low oil prices, high GST tariffs, industrial production growth and high PMI in the manufacturing sector in December, the country's stock markets remained bullish until mid-January. The Sensex closed at a record high of 9 January. As investors across the globe are avoiding risk taking, equity markets, including India, have been heavily traded, RBI reports. The BSE Sensex has declined by 5% since January 1. In the case of bonds, th