Market and Business News

India will jump into quantum technology India is gearing up for a leap into quantum technology, which will define the future of science with practical solutions to pressing world problems, government sources said. When the country celebrates 100 years of independence in 2047, technology and innovation will be the torchbearers of the country's economy. Decisions like unlocking the space sector in June 2020, liberalization of drone technology, approval of geospatial guide lines and the recent green hydrogen mission worth Rs 20,000 crore have opened new directions for India's rapid growth march during technology. Since the space sector was opened up to private participation in June 2020, India has seen around 120 deep-space startups that not only send rockets into space but are also involved in areas such as satellite manufacturing and management. Capacity will be upgraded for FTA Foreign Trade Agreements (FTAs) have been expanding and becoming more complex in recent times. Th...

Image Twitter Dt. 29 July 2023, Saturday Elon Musk wants to make his X platform the best platform for users around the world. Some time ago he talked about sharing Ads revenue with creators. Now this program was launched by the company at the global level. So if you have blue tick, you can earn money from X app. A post has been shared from the official handle of X which states that from today the Ads revenue program will go live for users worldwide. You can turn on monetization and earn money for your postings. "As a creator, we want to give you your hard earned money so that you can make a living," the company said. Today is the day: Ads Revenue Sharing is now live for eligible creators globally. Set up payouts from within Monetization to get paid for posting. We want X to be the best place on the internet to earn a living as a creator and this is our first step in rewarding you for your… — X (@X) July 28, 2023 How users can earn from Blue Tick If you have X verifi...

- Decisions are announced in the budget without proper review in the government? Tax deduction at source rates were also to be increased from 5 per cent to 20 per cent in both cases of remittances and purchase of foreign tour packages under LRS. Some time ago the government announced another change in tax deduction at source regime in case of liberalized remittance scheme and foreign tour packages. This is the third major change in this sector after February 2023. The first change was announced on 1 February 2023 when the budget for 2023-24 was presented. Accordingly, TCS activation on overseas remittance under LRS Rs. 7 lakh limit was to be abolished from July 1, 2023. In other words, tax deduction at source was to be applicable on all liberalized remittance scheme remittances. Tax deduction at source rates were also to be increased from 5 per cent to 20 per cent in both cases of remittances and purchase of foreign tour packages under LRS. Three and a half months later, the finance...

Mumbai: The rupee weakened by 0.37 percent as the dollar rose against the rupee in the Mumbai currency market today. The price of the dollar opened at Rs.82.27 this morning with a price of Rs.81.95, the highest price was Rs.82.35 and the lowest price was Rs.82.19, and the last closing price was Rs.82.25. With the retreat in the stock market and the rise in crude oil prices in the world market, there was a discussion in the market that the pressure on the price of the rupee had increased in the currency market. Market sources said that as the GDP figures in America came out better than expected, its impact was positive on the dollar price. There was also talk of speculators changing positions in the currency market. Sales were being cut. According to the news of the world market, Japan's currency rose rapidly against the dollar today in the world market amid the directives of the Ministry of Finance of Japan to ease and flexible the control policy of bond yields. There was news th...

Strain the sod as much as the sheet Mumbai: Market regulator Securities and Exchange Board of India (SEBI) is considering linking the risk taken by investors in the stock market with their income and net worth. This is being considered for the safety of the assets of investors who are risking their capital in the pursuit of overnight earnings by watching the stock market rally. Investors dealing in equity derivatives can take risk only according to their income and assets, so that retail investors do not have to risk their entire capital. With the Indian stock markets currently trading at their all-time highs, interest from retail investors is also increasing. It has been seen many times in the past that when the market crashes from highs, the biggest losers are small investors playing derivatives. In the three years ending March 2023, the participation of retail investors in equity derivatives in the Indian stock market has increased by over five hundred percent. A Sebi study earl...

New Delhi: Between March 2021 and June 2023, the number of consumers contributing to the Employees' Provident Fund (EPF) has declined in seven of the country's 24 major states and Union Territories, government figures show. However, at the national level, the number of employees making regular contributions to EPF has declined by about 8 percent during this period. In reply to a question in the Lok Sabha, Minister of State for Labor and Employment Rameshwar Teli said that the total number of regular members who contributed at least once in the last one year increased to 6.322 crore during this period, from 5.86 crore earlier. Among the states that recorded the largest decline in active accounts were Punjab with the highest at 6.76 percent, Uttarakhand at 5 percent, Himachal Pradesh at 2.83 percent, Gujarat at 1.92 percent, Madhya Pradesh at 1.13 percent, Jammu and Kashmir at 1.09 percent and Tamil Nadu at 0.08 percent. percent has decreased. However, the highest growth in a...

MUMBAI: Gold and silver prices in the Mumbai jewelery market today broke sharply after rising. Ahmedabad silver prices fell by Rs.1500 per kg while Ahmedabad gold prices fell by Rs.300 per 10 grams. World market news was showing a rapid retreat in prices. As the GDP figures in America came better than expected, there were indications of increased selling of funds due to rise in gold in the world market. Gold prices in the world market fell from 1976 to 1977 to 1957 to 1958 dollars an ounce, while global silver prices fell from 25.09 to 25.10 dollars to 24.31 to 24.32 dollars an ounce. Market prices were under pressure as import costs at home fell amid a global market meltdown. The price of platinum in the world market decreased from 961 to 962 per ounce to 937 to 938 dollars. While palladium prices fell from 1258 to 1259 to 1230 to 1231 dollars. US jobless claims also fell to a five-month low, and as a result, a boost in the job market there had a negative impact on global gold pric...

Mumbai: The Finance Ministry has warned the country's public sector banks against concentrating credit to a particular group or industry and urged them to diversify their credit portfolios. A recent review of the financial performance of public sector banks for the year 2022-23 found that five out of twelve public sector banks in the country had over-lended to a specific group or industry, prompting the Finance Ministry's notice, banking circles said. The top ten borrowers accounted for more than 10 percent of the outstanding loans in five public sector banks at the end of March 31, 2023. Sources in a public sector bank clarified that they only lend to corporates with a guarantee provided by the government or with a high rating. The finance ministry also reviewed the exposure to the capital adequacy ratio of the respective banks in case large corporate borrowers default. Sources also said the review was done as part of a risk assessment exercise. The Reserve Bank has set li...

- Bhoo Bazar : Dilip Shah - Coarse grains market witnessed mixed weather The grain market in the country has seen a reversal of equations recently. Before this, sorghum, maize, millet, barley, ragi vs. The demand for grains which are considered thick and coarse used to be limited, but now there have been signs of a significant increase in the demand for such grains. For such thick grains, the government has also recently shown a lot of activity to popularize such grains and due to this, its positive impact on the demand of such grains has also been seen. Meanwhile, the country's grain market has seen maize prices rise recently. Amidst weather uncertainty in various corn growing regions, the recent corn planting guidance showed slow progress and consequently corn prices were seen moving higher. Progress in maize planting in kharif planting was slow. There were indications that such planting has been slow in Maharashtra and Karnataka. Maize prices have increased in the grain marke...

- Many state governments refrain from making necessary investments in discoms Despite the steps taken by the Center in the last eight years to strengthen the state-owned power distribution companies (discoms) in the country, the condition of the discoms has not seen the expected improvement, the power ministry of the Union is moving to tighten the conditions for the grants given to the states under the revamped distribution sector scheme. The Center provides grants under the Revamped Distribution Sector Scheme to the States for installation of prepaid smart meters (a system that automatically shuts off power supply when the prepaid balance is exhausted), modernization of power distribution infrastructure, etc. The central government has been trying for some time now to eliminate political interference in the country's power sector. One of these efforts is a proposal to create competition in the power distribution sector by licensing private companies. The Electricity (Amendment)...

- Gold prices in the world market point to fall again after rising - Boolean Bits - Dinesh Parekh - There is a fear of impact on demand as festivals and wedding season are pushed back due to extra month. Gold prices rose above $1980 per ounce, quoting prices of $25-25 per ounce, on signs of a slow increase in the Fed's interest rate hikes and a weaker dollar, with weaker financial data in the white market. In the past one month, gold has risen due to the weakness of the dollar against the currencies of each of the G10 countries. Ecuador's central bank has added $3.61 million worth of gold from local gold production to its reserves, while Mali's government has enacted new laws to control gold production, instead of granting gold mining licenses for 30 years, to 10 years and increasing its stake in the mine to 20 percent. . 'The dollar sank and gold soared' when Fed Chairman Jerome Powell raised interest rates by .25 points to bring the rate to a standstill in ...

- Lokabhimukha Guidance - H.S. Patel IAS (Retd.) - Planning for “Harvesting” of extraordinary rain water continues from the required level... With the background described in the previous article, we are all witness to the situation that has arisen due to the extraordinary rainfall conditions in other parts of the country, especially in Gujarat, Himachal, Delhi, etc. Climate Change Instead of nature's role in climate change, mankind has damaged all types of layers (Layers) land, air, water, ozone layer beyond limits in the name of development process. The victims of which we are facing in one form or another. We have reached the heights of discovery, research, the proliferation of technology, now including Artificial Intelligence (AI). But we have failed to save nature. We can see the results. The time has come to think in the form of planning instead of adopting the approach of taking the approach of abnormal rains as momentary as the water will flow according to time. Now tal...

- Microsoft in the 3 trillion club... Apple has a market cap of 3 trillion. Now Microsoft is coming in line. Microsoft has made a fortune using artificial intelligence. Microsoft is inching closer to a $3 trillion market cap. According to investors associated with information technology, at the end of 2023, Microsoft will also join Apple in the $3 trillion club. Half of the world's GDP runs below $3 trillion. - Tata's mega battery plant in the UK Tata is building a battery plant in the UK that is bigger than Tesla's largest battery plant. Its initial capacity will be 40 giga watts. According to the UK press release, the plant will also set up a system to recycle battery parts. The plant will create 4,000 new jobs in the UK. 5.16 billion US dollars will be invested in this plant. The UK has also called Tata's project very ambitious and useful. - The total price of the six hundredth most expensive car in the world is 300 crore rupees Luxury car buyers have a differe...

- After the owner of Cafe Coffeeday committed suicide, his wife and mother of two, Malvika Hegde, took the helm and kept her husband's dream project alive. - An example can be given of Lalit Suri of Jyots of Bharat Hotels, Anu Aga of Thermax, Harjit Kaur of La Meridien when the owner of the Washington Post died and his wife Kathryn got depressed and took over the business instead of selling it. - Malvika's struggle is amazing. The three Manunis given here have truly preserved their husband's legacy amidst many obstacles... - All the banks that were issuing notices for the loan at the time of Malvika's husband's death are paying her money today. The wife is proving to be smarter than the husband in successful leadership in the business sector. There are many companies in the business sector in which if the head of the house leaves suddenly for any reason, the entire burden of the business falls on the head's wife or the children of the house. In such circums...

A person from Hyderabad has to pay 6000 rupees to use the washroom of Vande Bharat. When the Vandebharat train stopped at the Bhopal railway station, a brother standing on the platform with his wife and 8-year-old son thought that I should get into the compartment and use the bathroom. In this incident last week, by the time the person came out using the washroom, the doors of Vande Bharat were locked. The family standing on the platform outside started shouting. Finally, he had to pay a fine of Rs. 1020 for traveling without a ticket. After the train halted at Ujjain, I had to take a bus back to Bhopal from there. He had missed the train to which he had to go and had to spend 6000 rupees to use the washroom of Vandebharat. On the market at Sleep Easy's Shila Foam Top Attention has been drawn to the changes coming in the market of Sleep Easy. Shilafoam can now become the market leader in the Sleep Easy segment with Shila Foam acquiring the Kurlon brand in the foam market. Shila ...

- India still lags behind China in sectors including employment and agriculture - Opinion - P. Chidambaram - Growth rates were high in the initial years of liberalization and market oriented policies - India's industries are competing to survive amid high interest rates and high tariffs The main responsibility of the Reserve Bank of India (RBI) is to maintain price stability. However, RBI has also adopted the standard adopted by other central banks to achieve stable growth. The Reserve Bank is instrumental in determining the direction of growth of the economy. The current government has missed the duty of determining the direction of the country's economy and is only focused on achieving political objectives. Whatever information is currently available suggests that the pace of growth in the global economy and in India will remain sluggish. An article in the RBI Bulletin of July 2023, referring to the global economy, said, "Global growth is slowing down, particularl...

- India has sanctioned Rs 174.9 billion this year to promote green hydrogen India is considering bilateral agreements with countries like Japan. The deal will allow Japan to use carbon credits linked to India's production of a clean energy source called green hydrogen. In return, Japan would invest money in India and contract to buy goods from India. India has allocated 174.9 billion rupees (about $2.13 billion) this year to promote the use of clean energy called green hydrogen. The goal is to reduce carbon dioxide emissions. India also wants to become the largest exporter in the region by selling green hydrogen to other countries. Indian companies like Reliance Industries, Indian Oil have big plans for green hydrogen, which is produced using renewable energy. According to sources, when projects work to reduce harmful gases that contribute to climate change, they get carbon credits. Each carbon credit represents the reduction of one ton of carbon dioxide. By trading these cre...

- Low rains impact sowing in Karnataka and Maharashtra: Supply expected to improve next month due to imports Tu ver dal prices are expected to remain high in the next two months due to low domestic stocks and sluggish kharif sowing, traders said. According to the Department of Consumer Affairs, the retail price of Tuvar is Rs. 140/kg, which represents an increase of 27 percent since the beginning of January. A variety of beans are expected to be imported from the African countries of Malawi and Mozambique next month. Along with this, Kharif sowing progress in Maharashtra and Karnataka will be crucial for future price movements, traders said. Retail inflation in tuwer or arhar was 27.5% in June, 2023, compared to 10.9% in January, thus overall inflation in the pulses and produce category rose to double-digit levels of 10.9% last month for the first time since last year. Tuwer sowing is set to pick up in the next two weeks, currently well below last year's levels. According to th...

- Smile Index - Vanity - We raid just to call the line that I am a supporter of the government A bewildered taxpayer rang up the Income Tax office. 'Hello, can anyone help me to fill the return? ' 'Hey, whatever, we are making the income tax return so easy that even a primary school boy can fill it,' came the reply from the front. In Gujarat, we can't even add and subtract primary school boys. Where to fill the return? The tax payer said this and the person in front said, 'This is the office of the Education Department, wrong number!' He said and hung up the phone. The assessee tried another number. 'Learn how to file income tax returns quickly and without any mistakes.' "We don't run CA courses. ' Saying that, the phone was hung up from here too. Finally, the tired taxpayer hung up the phone. 'I have to pay a huge tax. So a little inquiry is to be made. ' 'Let it be. Do not pay tax. If you do not pay a large amount ...

- The Conundrum of Economics - Dhawal Mehta - In terms of GDP, India has become the second largest country after America One of the biggest impacts of the Prime Minister's recent visit to the US is that the computer chips industry in India will continue to flourish. India's IT is getting ready for its projects but there are hurdles to overcome. Industry will be at the center of economic progress. About 150 years ago, the industrial revolution began in India, and the steel and textile industries grew tremendously, so much so that Ahmedabad was once considered the Manchester of India. Similarly, IT in India during this fourth industrial revolution. And other industries related to it (eg, artificial intelligence-related devices) will flourish like in Taiwan, it seems from talks with Modi and US businessmen. India is constantly harassed by China over the border issue and India has to spend heavily to protect the Indian border with China. Due to strong India-US relations, China ...