Market and Business News

408 crore loss after Adani acquired Ahmedabad airport: It has been revealed that the Sardar Vallabhbhai Patel International Airport of Ahmedabad has incurred a loss of Rs 408.51 crore in the financial year 2022-23. Ahmedabad tops the list of most loss-making airports under Public Private Partnership (PPP) in the financial year 2022-23. A loss of Rs 48.51 crore to Ahmedabad Airport in the year 2022-23 These details have been revealed in the information presented by the Ministry of Aviation regarding the status of profit and loss in public private partnership airports. In which Ahmedabad airport suffered a loss of Rs 48.51 crore in the financial year 2022-23. Delhi airport is second with the highest loss of Rs 284.86 crore, Lucknow airport is third with Rs 160.66 crore and Jaipur airport is fourth with Rs 128.52 crore. Mumbai Airport suffered the least loss of Rs 1.04 crore. Ahmedabad Airport was privatized on 8 November 2020. . After privatisation, i.e. from November 2020 to March 20...

- Boolean Bits - Dinesh Parekh - - The price of gold rose above 1900 dollars an ounce amidst the war effect in the world market, the import cost at home increased. In the global market, the Ukraine-Russia war continues despite the Fed's interest rate hike policy. At the same time, the Hamas attack on Israel prevented the decline in gold prices. Entering the bullish circle, gold, which was quoted at $1,820 per ounce, rose by 4 percent and started quoting at $1,920 per ounce on Friday. Despite the strength of the dollar, gold took a bullish turn on the war front, with falling US Treasury bond yields driving investors to buy gold. A rally in oil prices has supported gold's rally. Central banks of all countries have increased their gold reserves by increasing gold purchases and banks are buying gold at every price. Outflows of exchange traded gold funds (ETFs) have increased and bond returns have also declined, which has a double-edged effect on gold prices. New York's Com...

- It would be too early to say anything about economic outcomes: A new challenge to the global economic recovery has emerged The International Monetary Fund released its biennial world economic projections amid yet another geopolitical crisis in West Asia following the Russia-Ukraine war. There may be more uncertainty about its development projections amid fears of more countries joining the conflict. The International Monetary Fund said it was monitoring developments in Israel and Gaza and that it was too early to assess any economic impact. Economic policy experts said the conflict had no direct impact on the agenda of the IMF-World Bank annual meeting, which was held recently. However, this phenomenon may pose a new challenge to the global economic recovery. The world has not fully recovered from the corona pandemic and the Russia-Ukraine conflict has created a food and energy security and supply crisis. A deadlock has occurred. In such a situation, the possibilities of the poli...

- So far the Indian stock market is in a good position but the attitude of foreign portfolio investors is cautious Political and geopolitical uncertainties will continue to dominate investors' general economic views into mid-2024 or beyond. Global financial markets are also facing volatility due to the conflict between Israel and Hamas. This has raised fresh concerns over fuel supplies and will further affect activity in an already struggling global economy. As far as India is concerned, domestic political uncertainties can also cause a sharp change in trends. The trends seen in the performance of the corporate world in the second quarter will also be carefully analysed. Any concerns on this front will have a profound impact on trends. Crude oil and gas prices have already risen due to the Israel-Hamas conflict. Ukraine war is affecting the market. Due to this war there is a shortage in the global food market. Now the situation will worsen due to Israel-Hamas conflict. Amidst th...

- Increasing pressure to accept self-employment with low income The unemployment rate has been decreasing in the country for the last five years. The unemployment rate which was 6 percent in the financial year 2017-18 has come down to 3.20 percent in the last financial year. According to the Periodic Labor Force Survey issued by the National Statistical Office, the unemployment rate has declined in recent years in both urban and rural areas of the country. According to the latest data from the Center for Monitoring Indian Economy (CMIE), the unemployment rate fell to 7.10 percent in September from 8.10 percent in August. A low rate of unemployment is welcome in any country, but it is also essential that qualified or qualified job seekers find employment according to their qualifications. The economic development of the country has been responsible for the change in the employment picture in the country in the last five years. As the progress of the country's economy reaches rural...

- Indications of changes in tea auction methods in the country: fear of further impact on exports if shipping rates increase due to increase in crude oil At the global level, after the conflict between Russia and Ukraine, there are fears that the tea market and industry will be adversely affected by the recent war between Israel and Palestine. With the war atmosphere likely to affect tea exports from the country, sources in the Kochi market of Kerala in southern India said tea prices had recently fallen by around 4-5 per cent. India specializes in the production of tea known as crush-tear-curl i.e. CTC and orthodox tea in loose-tea-leaf form. Apart from this green-tea is also produced but it is comparatively insignificant. Exports of orthodox tea made in India are special. Indian tea is mainly exported to United Arab Emirates, Iraq, Iran and America. Tea is mainly exported by sea. Meanwhile, in the first 8 months of the current year 2023, there were indications of growth in tea prod...

- Boolean Bits - Dinesh Parekh - Prices in the Ahmedabad market were quoted above Rs.62 thousand: The fear shown in the market of hitting the seasonal demand due to rising prices While the Ukraine-Russia war was ongoing in the black market, the attack on Israel by Hamas in the Middle East has created the possibility of a global war, and gold has halted its decline and taken a bullish turn. The Israeli attack by Hamas in the 2021-2023 war cycle has created an explosive atmosphere in the world and this war has supported the gold boom and will lead to new record breaking prices. At this stage, if we focus on the fight, the Fed's interest rate hike policy, the rise in oil prices, and the dollar's strength-weakness and other conditions, in such a situation, new dilemmas will arise for investors. Gold rallied after the bombing of a hospital in Gaza, quoting $1,985 an ounce on Friday, as Iran fueled the fighting by supplying oil reserves to support Hamas attacks. After the last 11...

- Chart Indication-Ashok Trivedi The BSE index (close 65397.62 on 20-10-23) is bearish after moving up to 66592.16. Currently, the 12-day average is 66032.51, the 48-day average is 65880.69, and the 200-day average is 63369.47. Daily and weekly MACD are bearish. It shows positions from oversold to oversold on daily and weekly basis and from overbought to neutral on monthly basis. Above 65555 above 65395, 66430 read resistance level. If 65308 breaks below 65096, 643878, selling will increase. Chola Finance (closing price Rs.1188.50 on 20-10-23) is bearish from a top of 1272.90. Currently, the 12-day average is 1226.82, the 48-day average is 1177.91, and the 200-day average is 1012.17. Daily and weekly MACD are bearish. Shows oversold position on daily basis, overbought position on weekly as well as monthly basis. Above 1227 above 1238, 1249 resistance levels are considered. A low of 1184 is possible down to 1178, 1169, 1152, 1135. Jindal Steel (closing price Rs.662.40 on 20-10-23) i...

- Antenna-Vivek Mehta - Exports of six business sectors of India are at risk of going down after implementation of the new system from January 1, 2026 The global carbon tax controversy is now taking a serious form. In non-European countries, provision has been made to levy a tax on manufacturers for the carbon released into the atmosphere during the manufacture of goods made from metals, including steel. The more carbon emissions a manufacturing unit produces, the more tax it has to pay while exporting. Manufacturing units in the European Union have to pay this price under the European Union Trading System (ETS). Now the exporters of every country, including India, who export their products to the countries of the European Union, have to bear the burden of the new tax. This arrangement is known as Carbon Border Adjustment Mechanism. These are the restrictions applied by the countries of the European Union. European countries also argue that because of this control, a level playing f...

- Sales Tax-Soham Masruwala Under Section 17 of the GST Act, provision has been made for refund of tax credit under special circumstances, one of which is the case where the goods have been destroyed. This matter is discussed in today's article. For the government to act like collecting taxes indiscriminately. Provision of section 17 (5). Refund of tax is due when any goods are destroyed or lost or stolen or misappropriated. the finish Under Section 17, the tax credit is to be refunded when the goods are destroyed, in case the trader is manufacturing the raw material as well as the final goods, when the final goods are destroyed, the tax credit is to be refunded on the inputs included in it. When it is destroyed in the semi-finished stage, the input used for manufacturing the goods at such stage is refundable. Inputs lose their independent identity production process. In such a case, if the manufactured goods are destroyed, the dispute as to how the tax credit is to be refun...

The central government has significantly increased capital expenditure in recent years. The increase was partly done to help the economy after the turmoil caused by Corona. Rising capital expenditure also tends to bridge the gap between the country's infrastructure and logistics sectors as this has increased the cost of doing business and affected the overall competitiveness of Indian companies. Recently in marine sector Rs. 23,000 crore projects have been presented. Under the new vision for this sector, in the next 25 years Rs. An investment of 75-80 lakh crores has been envisaged. The target is to quadruple the capacity of the country's ports by 2047. It also aims to make all major ports carbon free. Apart from this, there is a target of establishing 25 cruise terminals so that the country can also be made an important center in the field of ship recycling. The growing investment in the region also underlines how committed India is to the proposed Indo-West Asia-Europe Econ...

Boom as Israel Intensifies Attacks on Hamas Ahmedabad, Mumbai: After the reports that gold prices have risen in the world market and touched the level of 2000 dollars per ounce, there was a stormy rise in gold prices in the sauna-silver market of the country today. In the Ahmedabad gold-silver market today, gold jumped by Rs 700 to Rs 63,000 and reached Rs 63,500, although silver remained at the level of Rs 72,500. In Ahmedabad jewelry market today, the price of gold rose by Rs.700 per 10 grams to reach the level of Rs.63,000. The bullion market was officially closed in Mumbai jewelry market today due to Saturday. However, the closed market saw a sharp rise in prices behind the global market. As the import cost of precious metals increased domestically due to rising global markets, the jewelery markets of the country witnessed a significant rise in prices today on the day of Sharad Purnima. The price of gold in the world market increased from 1979 to 1980 to the highest level from ...

MUMBAI: Favorable conditions have resulted in an encouraging start to sowing of the current year's ravi crop. From the information received, it is seen that the farmers are enthusiastic about planting wheat, mustard and gram due to high prices of pulses and grains and favorable weather. According to Agriculture Ministry figures, wheat has been sown on 3.80 lakh hectares till October 27, which is 80 percent more than the same period last year. Wheat is the main ravi crop. The maximum cultivation of wheat is currently observed in Madhya Pradesh. Wheat cultivation starts earlier in Madhya Pradesh than most states in the country. Due to the current high price of wheat and increase in the minimum support price, farmers are also ready to harvest more wheat this year. Keeping in view the Lok Sabha elections next year, the government has significantly increased the support prices so that the farmers are positive about harvesting more crops. Food inflation may come down in the event of ...

Mumbai: India is gaining momentum on the economic front. Apart from the internal and border challenges, Brexit, corona epidemic, despite the recession in the world including America, India has remained at the top position in the global economy. According to a research report, there has been a significant jump in the average gross income of individuals in India. Average personal income in assessment year 2013-14 is around Rs. 4.5 lakh, which in 2021-22 increased to Rs. It has reached around 7 lakhs. An interesting fact mentioned in a media report based on data from the Ministry of Finance is that the income of the poor has increased more than the rich. During this period, the income of the richest 1 percent increased by 42 percent, while the income of the poorest 25 percent increased by a bumper 58 percent. There has been an increase in the number of individual taxpayers filing ITR between the financial years 2013-14 and 2021-22. During this period, the number of taxpayers with incom...

MUMBAI: The results of the experimental projects undertaken for the expansion of Central Bank Digital Currency (CBDC) in the country are looking promising, said Reserve Bank of India (RBI) Governor Shaktikanta Das. CBDCs can play an important role in facilitating cross-border payments. It has been almost a year since the pilot project of CBDC was launched. The response it has received during this period has exceeded our expectations. We are confident that CBDC can be an effective and efficient medium for cross-border payments, especially in international transactions. The governor also said that lakhs of customers have joined the pilot project and most of the big banks have joined it. Das said, quoting figures from the World Bank and other agencies, that remittances still cost an average of six percent. He was speaking at a program held recently. He emphasized that in today's technological era, it is necessary to reduce the cost of remittances.

Mumbai: Infosys founder Narayan Murthy on one hand is calling the youth of the country to work for seventeen hours a week, while on the other hand, a movement has started to increase the salary by fifteen percent in addition to the five-day week in the country's banks. According to the information, public sector banks and private banks of the country are thinking of increasing the wages of their employees. The financial condition of the country's banks has improved drastically recently and while the banks have been making significant profits, it is known that there has been a proposal from the bank employee associations to increase the salaries of the employees. Some banks have even started making provisions for this, as seen from their September quarter results. The Finance Ministry is also keeping an eye on the ongoing talks between the employee unions and the banks. Keeping in mind that bank employees are a big vote bank in the country, even the government does not want ...

- Testing the retail segment of digital currencies, is running at a slow pace. Due to this, the Reserve Bank of India's ambitious target of 10 lakh transactions by the end of this year is in jeopardy. Sources with knowledge of the matter said that 35 lakh merchants and 10 lakh customers have been selected for the pilot test but only 10 to 12 thousand transactions are taking place per day. There is still a lack of awareness about this. This system is different from Unified Payment Interface (UPI). 13 banks are participating in the pilot project. Although the number of traders and customers has increased but they are not transacting. The use of this system needs to be increased and awareness is very important for this. A digital currency is a digital form of currency notes issued by a central bank. The Reserve Bank has broadly defined e-Rupee as a digital form of legal tender. It is similar to sovereign paper currency but has a different form. It is interchangeable with existing ...

A total turnover of Rs.5,58,346.70 crore was recorded in 60,24,095 trades in various commodity futures, options and index futures on the country's leading commodity derivatives exchange during the week of October 13 to 19, with commodity futures accounting for Rs.1, 14,766.61 crores and option share of Rs. 443434.27 crores. During the week under review, 10,13,525 trades worth Rs 73,474.82 crore were transacted in gold-silver futures of precious metals. Among gold futures, gold December futures opened at Rs.57,970 per 10 grams at the beginning of the week, touched an intra-day high of Rs.60,375 and a low of Rs.57,931 during the week, ended the week with a jump of Rs.2,400 to Rs. 60,318 was reached. Against this, Gold-Guinea October contract rose by Rs.1,739 per gram to Rs.48,186 and Gold-Petal October contract rose by Rs.146 to Rs.5,947 per gram. Gold-mini November futures rose by Rs.2,322 to Rs.59,935 per 10 grams. Among silver futures, silver December futures opened at Rs.69,...

- Industrial guidance-long description Toothpastes containing fluoride, calcium and triclosan have been shown to be effective in tooth decay, tooth strengthening, and dental diseases. Fluoride also hardens the surface layer of the teeth. It also helps in reducing tooth decay. Fluoride :- The fluoride content in fluoride toothpaste is about (05 to 01-mg). Also, as much fluorine salt is added to public drinking water supplies (1.mg). Which helps in reducing dental diseases effectively. It has proved especially useful for children's teeth. Fluoridating compounds are used in toothpaste and dentifrice as well as drinking water. If there is a little more (1-0 to 2-0 mg g/1 liter), soluble fluoride in drinking water, spots, spots on the surface of the teeth will be eroded. Along with natural shine, tooth luster, and teeth become chocolate white, brown, yellow or black. Calcium :- Calcium is a stable, common, dispersed material which is a natural substance. Calcium increases the stre...

- The list of economic villains can include hackers, defaulters, defaulters, willful defaulters, economic fraudsters who flee the country, cell companies etc... - Government deploys enforcement agencies like ED to burn such ravanas but these ravanas of economic sector cannot be burnt. If these ravanas can be burnt, then India can again become a major irritant. Such ravanas are a burden on the economic system of the country. It is not very easy to identify Ravanas in the economic sector. Because such people come in gentleman's Libas and keep leaving the investors. Savvy investors fall into the trap of such scammers Ravana will be cremated tomorrow on Dussehra in this behalf. Those who dragged the economic sector into recession should be compared to Ravana. These are the Ravanas which are causing damage to the economic system and also leading astray. The list of such criminals who harm the economic system of the country include hackers, defaulters, filers of bankruptcy, willful d...