Market and Business News

Its cover is more expensive than the iPhone What do I want from the iPhone? People have spent millions on the decoration of the iPhone. Now the iPhone has become a luxury rather than a necessity. People use the iPhone more for display than for communication. Millions are spent on iPhone front and back covers. The covers used for phone covers of approximately one and a half lakh rupees are also worth two lakh rupees. Covers made of titanium and aluminum change the look of Apple phones. Such covers for iPhone twelve are available online for $3199. For people who want to keep the phone in a pouch slung over the shoulder instead of holding it in the hand, the 21.5-15 cm size is $750. Its pouch is more expensive than iPhone. Sunken airlines sit again Like the phoenix rising from its ashes happens in some companies but rarely in the case of airlines. Because it costs the same as tying an elephant. When Jalan-Carlock took up the bid to fly Jet Airways in 2020, the venture was dismissed a...

Talk about the market Indore will bring bonds for solar projects Indore Municipal Corporation to issue green municipal bonds worth Rs 244 crore for solar energy projects. This will be the first time that a municipal corporation will borrow money for its projects from individual investors. From the money raised from this bond, captive solar photovoltaic power plants of 60 MW will be set up in Samraj and Ashukhedi villages of Khargone district of Madhya Pradesh. The total cost of this project is around Rs 305 crore but the remaining amount will be raised by the corporation itself. This initiative of Indore is being praised. Instead of depending on the state or central governments, Indore has shown the way that corporations can raise money on their own and provide better services to the people. The businessman reached the temple to worship the helicopter In India, it is our tradition that a common man buys a two-wheeler or a four-wheeler and then goes to a temple and offers pooja. ...

- Since 2020, the situation along India's long border has become alarming - How China gets the urge to intrude at a time and place of its own choosing is a big question. - Despite hostile behavior, India exports to China four times more than it imports from there - People should remember that even after several rounds of talks, China has not accepted anything Some political observers believe that the Modi government will never be able to take revenge for the insult done to the country by the PLA forces of China by invading the Indian territory in March-April 2020. In an earlier article I wrote, “Modi must have felt guilty for failing to understand what was going through Xi Jinping's mind when Prime Minister Narendra Modi was swinging with Xi Jinping on October 11, 2019 at Malalapuram in Tamil Nadu. While both the leaders were enjoying the swing on one side, on the other hand, the PLA of China was moving ahead with its plan to invade Indian territory. The order for this m...

- Lokabhimukha Guidance - H.S. Patel IAS (Retd.) - Under Section-73AA of the Land Revenue Act it is mandatory for any non-tribal to obtain permission before purchasing land under Section-73AA. Continued from previous point Restrictions on transfer of lands held by tribals and permissions obtainable As detailed in the previous article, most of the Scheduled Tribe lands in Gujarat lie in the eastern belt, i.e. from Ambaji to Dang. In terms of development of these areas, certain concessions have been given under the Forest Right Act for infrastructure facilities. But for industrial development, where new industries are to be set up, land other than tribal is not available and the permission of the Collector is required for acquisition and that too the Collector can grant permission for industrial purpose or conversion only after obtaining the approval of the Government. According to the guidelines issued by the government in this regard, the collector has to ensure that the tribal own...

The Vedic city will become like a gift city The proposed Vedic City in Ramnagari Ayodhya will be developed on the lines of Gift City in Gujarat. The project being developed by the Housing Development Council will set standards similar to those of Gift City. The state government is acquiring land in Ayodhya for a green field township project in the name of Vedic City. This proposed residential colony is being built in Shahnawajpur and Manza Barehata village along the Lucknow highway under the New Ayodhya project. Housing Development Board is acquiring 1450 acres of land for Vedic City. A team of officials from the Housing Development Council inspected the Gift City before deciding the format, map and norms for the construction of the Vedic City. After inspection it has been decided to set the norms of Vedic City on the lines of Gift City. Pixel entry in India after Apple Assembling of mobile phones is the focus of Google CEO Sundar Pichai's visit to India. He discussed the manu...

- Ambitious leaders who want to take India's economy to new heights have now started efforts to move forward after coming at number five... - India becoming the fifth largest economy in the world is the biggest economic achievement of 2022. Amid this economic achievement, India is plagued with many problems at the domestic level. - When Apple's assembly plant Foxconn was vandalized in China, Russian news agencies wrote that Apple now wants to withdraw from China. India is steadily moving towards the international economic platform. When India became the fifth economic power in the world, the attention of all the countries of the world was drawn towards India. When India overtook the UK, a kind of economic scrimmage was passed among people connected to the economic system and having an anti-India attitude. No one could have imagined that India would push the UK aside. Ambitious leaders who want to take India's economy to new heights have started trying to overtake Germa...

MUMBAI: In the Mumbai currency market today, the price of dollar rose against the rupee. In the wake of the rapid retreat in the stock market, the rupee came under pressure in the currency market. After opening at Rs.82.66 this morning at Rs.82.76, the dollar rose to Rs.82.83 to Rs.82.83 to Rs.82.81. The rupee depreciated by five paise. Japan's currency rose to a four-week high against the global dollar today. In global markets, the Japanese yen was trading at 132.06 against the dollar today, about 0.26 percent softer after Tuesday's surge. The global index of the dollar against various major currencies in the world market today was 103.94 at the lowest and 104.16 at the highest at 104.03. The market players were watching the figures coming out of the US GDP. The British pound rose by 11 paise against the rupee in the Mumbai currency market today. The price of pound increased to Rs.100.72 to 100.65. However, the price of Euro, the European currency, was 16 paise lower again...

Mumbai: The prices of various domestic and imported edible oils rose rapidly in the Mumbai oilseeds market today. The world market had increased. At home, the markets of Saurashtra also saw a boom. In the present market of Mumbai, the price of 10 kg of single oil was Rs.1570 and Rs.1600. The price of cottonseed oil was Rs.1235 to Rs.1260. In Saurashtra, the price rise was Rs.1575 for single oil and Rs.2510 for 15 kg and Rs.1200 for cotton washed. As the estimate of the new cotton crop in the country was 4 to 5 lakh bales lower than earlier, the market boomed. The price of imported palm oil rose to Rs.960 in the Mumbai market. There was sporadic trading at Rs.952 to Rs.957. While few trades were done for January at Rs.965. The price of crude palm oil CPO kandla rose to Rs.860. The prices of Mumbai soybean oil increased to Rs.1200 for digum and Rs.1290 for refined. However, the prices of sunflower and mustard were calm. In the Mumbai spot market today, the price of diwali fell by Rs....

Alarming increase in corona cases in many countries including China Mumbai: With the new wave of Corona creating an emergency situation in China and cases starting to increase in other major countries of the world including South Korea, America, the world was once again pushed into an economic crisis, the global markets were shaken today. In the Indian stock markets too, funds, maharathis, sportsmen overturned the universal boom in the stocks and there were wide gaps due to massive panic selling. The Sensex lost 61,000 levels intra-day and fell to a low of 60,938.38, finally closing down 635.05 points to close at 61,067.24. While the Nifty spot fell down to 18162.75 and closed at 18199.10 after losing 186.20 points. Even as the Indian government has begun to take precautionary measures to prevent a new wave of Covid from spreading to India, funds jumped in banking stocks today amid fears of renewed supply chain disruptions and fears of industry shutdowns, rising risk of loan defaults...

Image - RBI Says, Twitter New Delhi, 21-December-2022, Wednesday Reserve Bank of India Governor Shaktikanta Das said India's fundamental economic activities are strong but global factors will cause some 'damage' to the economy. The RBI Governor said, RBI monitors 70 bullish indices and these indices are in good condition. Indian financial sector in better shape Shaktikanta Das further said that the impact of external demand will influence the economy. The RBI earlier this month cut its growth forecast for the next financial year 2023-24 to 6.8 percent from seven percent previously. Das said the Indian financial sector is undergoing a transformation of sorts and is in a much better shape, thanks to both the regulator and the financial sector companies. The RBI governor said that monetary policy will continue to be guided by domestic factors on inflation and growth. Also, monetary policy also takes into account other inputs such as the actions of the US Federal Reserve B...

IMAGE:Wikipedia A pheasant is a forest-dwelling bird. People like its meat very much and people eat it with great pleasure. Recently, due to the declining number of pheasants, the Indian government has banned pheasant hunting. If you want to breed pheasants, you must first get a license from the government. Pheasant rearing has more economic benefits than chicken rearing. But do you know that if you want to do pheasant breeding business then you have to take license from the government. Profits are high in pheasant rearing. It is believed that this bird has the capacity to lay more than 300 eggs in a year and the price of its eggs is higher than that of chicken eggs in the market and its meat is also consumed in large quantities and is popular with people. Pheasant meat is very tasty. However, a recent survey has revealed that the number of pheasants is drastically decreasing. And keeping this reason in mind, the government has banned its hunting. If you want to breed pheasants you...

MUMBAI: While exports from several sectors of the country have declined or remained flat in the current year, smartphone exports have crossed the Rs 50,000 crore mark in the April-November period of the current financial year, which is 110 percent higher than the same period last financial year. In FY 2022, the overall smartphone exports from the country stood at Rs 45,000 crore. India's smartphone exports are mostly to Asian countries except Europe, West Asia and China. The smartphone PLI scheme announced by the government in 2020 is believed to have supported export growth. Due to the increase in the export of smartphones, the electronics sector has taken the lead in the goods exported from the country. Till 2018, electronics was the 10th largest export of the country and now it has moved up to the sixth position. Government sources said that the electronics segment is likely to make it to the top five export sectors by the end of the current financial year. He also claimed...

Mumbai: Gold and silver prices rose in the bullion market today in the Mumbai jewelery market. World market news was bullish. Funds' buying in global gold increased as the dollar fell against the Japanese currency in global markets as the Bank of Japan signaled a hike in long-term interest rates. The upswing in the jewelery market continued today amid the increase in import costs at home as the world market lifted. The price of gold in the world market was 1809 to 1802 to 1803 dollars in the high of 1795 to 1796 per ounce. Behind gold, global silver prices were also 23.88 to 23.63 to 23.64 dollars in the high of 23.20 to 23.21 today. Doorstep Ahmedabad silver price per kg Rs. 500 increased to Rs. 66000 remained. Ahmedabad gold price Rs. 99.50 per 10 grams. 55600 and 99.50 Rs. 55800 remained. Platinum prices ranged from $1,001 to $1,002 per ounce at today's high of $1,005 to $995 to $996 while palladium prices ranged from $1,677 to $1,678 per ounce at $1,731 to $1,732. Mean...

Mumbai: In the Mumbai currency market today, dollar prices against the rupee closed with a slow correction after a two-way fluctuation. Bucket price Rs. 82.71 this morning at Rs. 82.66 opened at the low price today after the high price of Rs. 82.89 to Rs. 82.75 was closed. The rupee fell by four paise today. Meanwhile, there were indications that the global index of the dollar against various major currencies in the world market was under pressure today and at one point the global index had broken down to within 104. This global index of the dollar was pointing to be 103.94 to 104.04 after reaching a high of 104.79 today. According to world market news, the Bank of Japan in Japan has signaled to pursue a policy that would be conducive to growth in long-term interest rates. There was news of bond yields rising within a two-pronged range. Following this, there were indications that the price of the Japanese currency yen rose against the dollar in the world market and reached a four-m...

Mumbai: The price of dollar rose against the rupee in the Mumbai currency market today. The dollar rose higher and reached close to Rs.83. Sources in the market said that the rupee was seen falling in the currency market as the stock market tumbled. There was talk of increased outflow of dollars from the stock market. Meanwhile, the dollar opened at Rs.82.85 in the morning at Rs.82.76 and touched a high of Rs.82.90 to a low of Rs.82.75 to 82.86. Today, the rupee lost 1-0 paise. Meanwhile, the market was also hearing talk of various government banks going out to sell the dollar today. Following this, the dollar price went down again after getting close to Rs.83. Meanwhile, after America and Britain, interest rates were increased by half a percent in Europe as well. The US dollar rose to a four-week high against the Japanese currency in the world market. Market sources were showing the possibility of further increase in interest rates in America, Britain and Europe. However, there we...

- This move is part of India's efforts to promote self-reliance New delhi date. 16 December 2022, Friday The Budget may announce measures to reduce India's import dependence on China through various tariff and non-tariff measures in line with its strategy of self-reliant India in a "proven" manner, sources familiar with the matter said. That is why the government is likely to impose restrictions on Chinese imports in the FY24 budget. If it does, the move will be part of India's efforts to promote self-reliance. This would be nothing short of a surgical strike for China, as India is a huge market for Chinese equivalents. However, India will continue to import raw materials from its neighboring countries. Indian companies and government departments have so far banned more than 100 Chinese products. These include polyester yarn, optical fiber, solar cells, vinyl tiles, saccharin, eye lenses, various steel items, chemicals, ceramics, Tabus ware, kitchen utensils, ...

MUMBAI: In the coming 2023, it is expected that small-sized IPOs will be the main choice for investors instead of large-sized initial public offerings (IPOs). A Bank of America analyst said that the investors who were talking about the price of large-sized IPOs in 2022, especially the prices of technology shares, were going crazy soon after the listing, will now prefer small-sized offerings. Given the investor mood, companies will also prefer to bring in lower valuations and smaller share sizes. Demand for technology stocks has fallen due to a significant decline in the share prices of several country's start-ups after listing and a rise in global interest rates. Investors will also prefer to invest in stocks due to the looming threat of a global recession. At present, as many as 24 companies have applied for IPO before the Securities and Exchange Board of India (SEBI), Sebi sources said. The fund raising volume next year will also be lower than in 2022, given the high volati...

MUMBAI: Micro-finance loans in the country increased by nearly 11 percent in the second quarter of the current financial year to Rs. 71,916 crores, which is Rs. 64,899 crores. According to the 'Skhainsh Micrometer' report of the 'Microfinance Institutions Network' (Skhainsh), a total of 1.81 crore loans were disbursed in the second quarter of the financial year 2022-23, which was 1.85 crore in the same period of 2021-22. According to the report, the current total gross loan portfolio of the micro finance sector as on September 30, 2022 was Rs. 3,00,974 crore, which is Rs. 2,43,737 crore which is 23.5 percent higher than Rs. These loans were disbursed to 6.2 crore borrowers in 12 crore loan accounts. The maximum share of micro loan disbursement is 37.7 percent with 13 banks which disbursed loans worth Rs 1,13,565 crore. In second place are non-banking finance companies and micro finance institutions, which gave loans of Rs 1,10,418 crore, which is 36.7 percent of the ...

MUMBAI: As the situation worsened due to sharp increase in Corona cases in China, flutter of economic recession and now the calendar year 2022 is coming to an end, the Christmas holiday mood is starting to set in with caution in the overall global markets as against the negative trend in the Asian markets and caution in the European markets, domestic institutional against selling of foreign funds in the Indian stock markets. The market remained in the positive zone due to heavy buying by investors (DIIs) in the stocks. The market rallied unexpectedly, led by a rally in auto stocks and a rally in FMCG stocks on expectations of increased sales as the year-end automobile companies started offering discounts to clear their old stock of 2022 manufacturing dates with the drop in international crude oil prices. Sensex surged 468.38 points to 61806.19 and Nifty spot rose 151.45 points to close at 18420.45 on the back of profit booking in IT-software services stocks. Funds were buying into au...

- A huge population should be an asset rather than a liability for the country In 2023, India is expected to become the nation with the largest population in the world, leaving behind China. In terms of per capita income, India ranks 144th among 194 countries. Lack of proficiency or skills in India's population is considered to be the main reason for lagging behind in per capita income. It can be said from China's economic progress that China, which has more population than India, has succeeded in making its huge population more assets than its liabilities. The reason behind China's economic progress has been its success on the export front. And this success he has achieved by equipping his workforce with professional training. India is projected to outnumber the young over the next decade, with the retirement age likely to outnumber the working class, a report has suggested. In such a scenario, the possibility of a decline in per capita income in the country is not ruled...