Market and Business News

image : Twitter The ownership of Air India Group has come to Tata. Meanwhile, its services are undergoing drastic changes. Then there is a good news regarding long distance flights i.e. flights running on long haul route. It will benefit NRIs the most. According to a recent information, Air India is going to drastically change its facilities by using X-Delta B777-200LR aircraft on long-haul 4 routes. When will these facilities be available? According to the information, you can see the magnificence of the aircraft of this plane in the pictures. The cabin of this aircraft is managed by Delta itself. However, there is no information that any major changes will be made in it, i.e. it will remain as it is. This facility can be started next month from April 15. It can be seen in the pictures of the interior of this aircraft that the passenger will get the facility of personal cabin. In which all kinds of facilities will be available for his comfort and privacy. On these four routes you...

image : Twitter Twitter was bought by Elon Musk. The deal was discussed all over the world as the deal was done for 44 billion dollars. There were many reports of its cancellation. Finally the deal was done. But now there is a shocking report about Twitter's current valuation. According to the information, the valuation of Twitter under the ownership of Elon Musk has remained only less than 50 percent, i.e. around 20 billion dollars. How was this information disclosed? According to the information, an internal mail was sent by Elon Musk to the employees. In which this information is being claimed to have come out. The report comes at a time when Elon Musk is making several attempts to turn Twitter into a profitable company. Now the valuation of Twitter has reached close to these companies According to a report, the current valuation of Twitter from Musk has been estimated at 20 billion dollars. However, that is less than half of the $44 billion they paid for the acquisition o...

A total turnover of Rs.3,28,936.69 crore was recorded in 48,40,428 trades in various commodity futures, options and index futures on the country's leading commodity derivatives exchange during the week of March 17 to 23, with commodity futures accounting for Rs.1, 12,441.79 crore and the share of options was Rs.2,16,196.87 crore. During the week under review, 11,10,855 trades worth Rs 71,698.03 crore were transacted in precious metals futures in gold and silver. Among gold futures, gold April futures opened at Rs.58,269 per 10 grams at the start of the week, touched an intra-day high of Rs.60,455 and a low of Rs.58,143 during the week, ending the week with a jump of Rs.1,559 to Rs.59. ,565 was reached. Against this, Gold-Guinea March contract rose by Rs.1,381 per gram to Rs.47,074 and Gold-Petal March contract rose by Rs.131 to Rs.5,820 per gram. Gold-mini April futures rose by Rs.1,494 to Rs.59,436 per 10 grams. Among silver futures, Silver May futures opened at Rs.67,140 per k...

- Boolean Bits Dinesh Parekh - As the price of gold crossed the level of 2000 dollars per ounce and the price of silver crossed the level of 23 dollars per ounce in the world market, the import cost in the country increased. Due to the crisis of the banks in the world market, Fed Chairman Jerome Powell has softened the policy of increasing the interest rate by increasing the interest rate by 25 points. The Fed has said that inflation was to be brought under control this year. Once the interest rate will be hiked this year and then 2024 may be revisited, the possibility of lowering the interest rate cannot be ruled out. It should be noted that even after the Credit Suisse Bank crisis, the Swiss Central Bank increased the interest rate by 50 points. Aldoro President Jorge Bahr says that falling inflation will boost gold prices and that new catalysts will add gold to higher prices above $2,000 an ounce. Among those catalysts is the prospect that gold, like bitcoin, can be bought via c...

- Standing Bazaar - Dilip Shah - Although the new crop estimate is lower than earlier: March-ending impact on the yarn market is sluggish Trends have been seen changing in the cotton market and industry sector in the country. In the previous year, the market price of the rupee had reached a record high and during that time the market price had risen to over one lakh rupees per quintal. With the record price of the rupee, cotton farmers increased their area under cultivation and farmers growing other crops were also attracted to cotton cultivation. In such a situation, there was a hope that the new crop of wool in the country would come big this year in the season of 2022-23. However, market players have been feeling confused after the new crop estimates were initially shown to be high in recent months, sources said. According to the sources of the Cotton Association of India, the estimate of this season's cotton crop has been reduced by nine lakh bales to 321.50 lakh bales, and ...

- Industrial guidance-long description A first-aid antiseptic liquid that is used as an immediate treatment for minor cuts and abrasions in severe wounds, cuts, injuries, accidents, etc. This fluid is used to sterilize hospital instruments, pharma, food and dairy industries to make the manufacturing department bacteria free. Special Note: The thing to focus attention on is that the person running the clinic, hair cutting salon and beauty parlor never sterilizes the equipment used in their work. Also, the attention of the government or the public has not been focused on this matter. It is necessary for the government to concentrate on this matter. Government is more aware of AIDS. As much as this is not aware of the delicate reasons. That world is public. Suppose any person comes to a hair cutting salon for a shave. So what kind of skin diseases does a person suffer from? It cannot be determined in general. Haircutting salon workers invariably change blades every time they serve an ...

- Largest share of small segment enterprises in the credit book of the sector As lenders are able to provide timely credit to resilient MSMEs, the sector is on a fast growth path. The report also shows benchmark credit growth in the micro segment due to improvement in lender confidence. Measures such as formalization of MSMEs and adoption of digital platforms by lenders have enabled them to access extensive data on enterprises and improved their confidence to lend, particularly to the micro segment of MSMEs, says the TransUnion CIBIL-SIDB MSME report. Data from the report shows that credit demand (measured in terms of credit inquiry volumes) correlated with improvement in business activity and grew by 1.29 times year-on-year in the quarter ended September 2022, while credit supply remained stable with lending volume growing at 24 percent year-on-year. had been Micro, small and medium enterprises have grown in distribution at the rate of 54 per cent, 23 per cent and 8 per cent year-o...

Celebrity top brand not run in India A report has come out about which celebrity has the highest brand value in India. This report is being widely mocked because people who don't follow it are at the top. Ranveer Singh tops this list. Ranveer Singh has overtaken Virat Kohli to become number one. Virat Kohli was number one for five consecutive years. According to this report, Kohli's brand value is 17.69 million dollars while Ranveer Singh's is 18.17 million dollars. Akshay Kumar is third with $15.36 million and Alia Bhatt is fourth with $10.21 million. Bollywood actors' films don't run and Virat doesn't run on the field but runs in brand value. Anjali to Hacking Queen Aloria The hacking community has paid tribute to the death of 41-year-old New York-based cyber security expert Eloria, writing that the passing of the hacking queen is shocking. Some have called her an angel, while others have called her an unusual woman. When a woman entered the hacking scene...

- Apple's partner company Foxconn Technology Group is setting up a new plant in India at a cost of 700 million dollars. - Happily for the Indian government, investors from western countries who were more inclined towards China are now thinking of investing in India. - The number of buyers of goods from foreign countries has decreased in China, so now we should go in the direction of India. Apple company is not ready to open all cards India's Oscar is widely discussed but the other two developments do not seem to have paid much attention. Development is that two American companies are coming to India in a big way. One is Cupertino-based Apple and Benton Valley-based Walmart. Importantly, when the overall air in the world is that India is being perceived as an investor's paradise, it is very significant that two US multinationals are focusing on India. Apple is believed to have decided to increase investment in India due to the growing demand of Apple phones in India but...

- India has adequate foreign exchange reserves to meet challenges and maintain stability on the external front A growing trade deficit has prompted the government to actively ban imports. India's merchandise exports fell 8.8 percent to $33.88 billion in February compared to the same period last year due to the global economic slowdown. So far in the current financial year i.e. from April to February, merchandise exports have increased by 7.55 percent compared to the same period last year. At the same time, merchandise imports also fell by 8.2 percent in February and the trade deficit stood at $17.43 billion. The trade deficit for the fiscal year so far is $247.53 billion. It was around $172 billion in the same period last year. Continued strong growth in service exports has helped narrow the overall deficit. Although analysts expect the current account deficit to remain close to 2.5 percent of GDP in the current fiscal year and may get a little boost next year, bridging the defic...

- The country's parliamentary democracy is on the way to collapse - In 2010, the entire winter session of Parliament was washed away due to the resignation of a minister and the demand for setting up of JPC. - In a parliamentary democracy the government should not be afraid of debate, because the majority of members are on its side The US-based Freedom House has downgraded India to a "partial democracy". Sweden's V-Dam Institute has described India as an "elected autocracy". In the Democracy Index of the Economist Intelligence Unit, India's position has slipped to 53rd rank. Both the Houses of Parliament and the Members of Parliament are responsible for this decrease. Readers can also add their views to my views on how India's democracy has collapsed. 1. The opposition members raised Rule 267 of the Rules of Procedure of the Rajya Sabha to hold a debate on a matter of urgent public interest. The rule has been repeatedly raised in both houses of...

- The Conundrum of Economics - Dhawal Mehta - India's economy is strong compared to other developing countries amid adverse factors For nearly forty years from 1951 to 1990, India's economy was stuck in an average economic growth rate of about 3.5 percent. Due to this economy, the government imposed strict restrictions on private enterprises, public enterprises were incurring huge losses, and there was rationing of food grains. If you bought a radio, you had to pay an annual license fee. This socialist economics was called the license-permit-quota state. The famous economist of that time, Rajakrishna, in the 1970s called the Hindu growth rate. Caste system was very strict among Hindus and still is. Religion is also full of rituals. Now the caste system has been politicized. Since Hinduism is tolerant in many matters related to religion, you can criticize religion or rituals or customs. You can even say dearly to Rama, the worshiper of Hinduism, that my Rama, do not come to S...

- US toy store closed within 24 hours America's famous toy and ready-to-wear store 'R' was shut down within 24 hours of its grand launch in Hyderabad. Two brands of toys cannot be sold in one mall. One brand is Toys 'R' Us and the other is Babies 'R' Us. Earlier it was said that there was a tiff with the corporation authorities, but then it was announced that two shops of the same brand should not be in the same mall, so the boards were pulled down within 24 hours. - 70 percent of Chinese toys do not pass the safety test India has made some progress in the production of toys but it lags behind China. Toys are not at the forefront of China's exports, but two-thirds of the toys sold in the world come from China. 73.2 billion dollars worth of toys are exported in the world. Among them, 66 percent of the toys are from China. Although 70 percent of Chinese toys do not pass the safety test, China is the largest exporter of toys to India. In the last five y...

- A serious threat to financial stability if global inflation is not controlled Inflation based on the Consumer Price Index has once again remained above the upper end of the range set by the Reserve Bank of India. One of the reasons for this is the increase in prices of food grains and milk, among other things. Retail inflation stood at 6.44 percent in February, marginally lower than January's 6.52 percent. Thus, the headline inflation rate has been above 6 percent for 12 of the last 14 months. Considering these inflationary consequences, the Monetary Policy Committee will have to take a fresh look at its projections. The committee had estimated that the average rate of inflation in the current quarter would be 5.7 percent, but that is now looking difficult. Improvements in the inflation outlook will also impact policy rate decisions. However, after what has happened recently in the US banking system, the rate decision will not necessarily be easy for the RBI or any other centr...

- Smile Index - Vanity - Options such as server down or strike after two-four holidays have been proven to be beneficial for the health of banks in India. Counter number one belched. The counter number flashed. 'Oh brother, it's still two hours since lunch time started. Did you burp too? ' Counter One: Hey man, I have finished the main course yet. I will still eat the gulyo hindo brought from home for dessert. Then I will go outside to eat pan. And then as my dietician has said, I will throw 100 bricks in this hall after the meal. In that time, it will be another hour. Counter Three: Isn't that what your dietitian tells you to do 40 squats each time? Look, if our digestion is better, we will be able to work more energetically, otherwise there will be more confusion in the washroom and the valuable time of the bank, us and especially our customers whose satisfaction is our motto will be wasted. Counter Four: It's true! Had six samosas for breakfast yesterday, b...

- Commodity Current - Jayavadan Gandhi Last week's announcement of the bankruptcy of two major US banks and reports that the banking crisis in Europe is in a serious state, especially in the bullion and crude oil commodities, has been a huge mess. Due to the banking crisis, crude oil prices fell to a 15-month low of $65 with a seven percent decline in the market. Due to the recession in the year 2008, the crude oil market collapsed to thirty dollars at that time. Even now, as the crude oil market continues to deteriorate due to the recession, rising inflation in the US and declining consumption due to the banking issue, the chances of further downside are still high. Crude oil prices in the Indian market are also at a low level around Rs 5500 per barrel. Meanwhile, after various organizations in the spice industry recently announced various forecasts regarding the production of cumin, fenugreek, fenugreek, isabgol, etc., in the joint meeting of the Mustard Oil Producers Associat...

- Boolean Bits - Dinesh Parekh - However, post-Holi demand hit by rising prices: Players now eyeing US interest rate hike this week The news of three American banks going up against the black market has created a new kind of commotion in the world financial market. In the wake of the financial crisis in America's SVB Bank, it is hoped that the Central Bank will help them somehow. Due to the financial crisis of Credit Suisse Bank of Switzerland, when depositors cannot withdraw more than 10 percent, Saudi National Bank cannot provide more cash financial assistance because according to the Swiss bank regulatory law, no bank can buy more than 10 percent of the total capital. This financial crisis caused the stock prices of European banks to fall. As a result, bullish air has blown in gold prices. A 20 percent reduction has been recorded in Credit Suisse Bank prices being quoted below two Swiss francs. Share prices of European banks have lost about 120 billion euros, reflecting a ju...

- Earlier RBI was focusing only on banks, now focus on all financial intermediaries as well RBI has increased supervision of banks and financial institutions and tightened the entire system. It is a continuous process. RBI has changed both the method and approach of monitoring. The matter is not limited to statistics alone, the RBI is now also looking into the business nature of banks and reprimanding banks if necessary. Not only this, RBI is also taking banks into confidence. Reserve Bank Governor Shaktikanta Das said this process is based on 'consultation'. A few things have become clear. RBI always issues circulars almost daily to weed out disreputable bankers. But not so now. RBI is taking great care. Earlier, when a bank earned high interest income from customers and showed its balance sheet free of non-performing assets (NPAs), the Reserve Bank appreciated it. This is not happening now, RBI has become alert and is coming to a conclusion only after examining all the dat...

- Bhoo Bazar - Dilip Shah - Orders issued from Delhi to speedily clear consignments of imported pulses arriving at various ports! Trends in various pulses markets and industries in the country have recently seen a rapid reversal. Recently, after widespread heat in the country, unseasonal rains have been observed in various producing states, increasing the market prices. The increase in vegetable prices also had a positive effect on the pulses-dal market. Before this, due to rising inflation, the government conducted investigations and raids on the hoarders of pulses and agricultural products. The Secretary of the Consumer Affairs Department also warned the traders of pulses and pulses market on this issue. The warning came amid indications from the government that some importers were hoarding the tuwer after it was imported from Myanmar instead of dumping it in the market. The government is trying hard to maintain the supply of pulses in the country. The Food Safety and Standards Au...

- Sales Tax - Soham Mashruwala A lot of care needs to be taken under the GST law. The government has enacted a law that if a supplier makes a mistake, it is punishable and all responsibility rests with the supplier even if there is a deficiency in the law or the inability to facilitate the GST portal. The financial year 2022-2023 is now coming to an end and today's article discusses what to look out for in the month of March. 1. Application for letter of undertaking for the financial year 2023-2024 should be made on the GST portal before 31 March 2023. 2. As per the new law, the limit for e-invoices is Rs. 10 crore has been made. The supplier who has so far in a single financial year Rs. 10 crore turnover and in the financial year 2022-23 Rs. 10 crores or more, e-invoice will be applicable from 1.4.2023. For this option, the supplier has to go to the e-invoice website and register and transact. It is to be noted that the supplier to whom e-invoice applies and does not issue e-...