Market and Business News

AHMEDABAD: India's top 10 companies added a total of 400,000 retail shareholders during the three-month period ended December, on the back of a bullish stock market. Yes Bank tops retail shareholder additions for fifth consecutive quarter. The number of companies with over 1 million retail shareholders has increased from 24 to 26 as on September 30, 2023, with fintech major Paytm and public sector NHPC also crossing this important milestone. Paytm had more than 1 million retail shareholders as of June 2023. But it fell in September due to adverse trends, according to data from Capital Line. By the end of December, the total number of retail shareholders in 2,047 companies stood at 163.8 million, up 2.8 percent quarter-on-quarter and 9.1 percent year-on-year. . For the top 10 companies (based on the number of retail shareholders), it rose 1.3% quarter-on-quarter to 30.02 million, while it rose 9.1% year-on-year. In the three-month period ended December, both the Sensex and the Ni

MUMBAI: The current cold weather in the north and central parts of the country has made conditions favorable for the wheat crop, but a sudden abnormal rise in temperature may reduce the wheat yield, sources in the agriculture ministry said. India may be forced to import wheat in case of fall in yield. India is the largest producer of wheat after China and this year wheat is very important for the government keeping in mind the Lok Sabha elections. Wheat production was affected as a result of high temperatures in 2022 and 2023, which led to reduced stocks in government warehouses. If production declines for the third consecutive year, India may be forced to import wheat, the sources added. In the last two years, the wheat crop was affected by rising temperatures in February and March. The mountainous regions do not experience prolonged cold temperatures due to the lack of widespread snowfall. The government has so far almost avoided importing wheat. Conditions were favorable due to

Made in India Rafale Jet news | Union Minister Nitin Gadkari has said that French company Dassault will manufacture Rafale fighter jets at Mihan Sage in Nagpur. That means now the Indian Air Force will fly fighter jets made in India. This fighter jet will also be exported to India. This will greatly benefit the country. The project will be completed by Dassault in collaboration with Anil Dhirubhai Ambani-led Reliance Group. What is the specialty of Raphael? Rafale fighter jet has a maximum speed of 1912 km/hr but a combat range of 1850 km. is It can fly at a maximum altitude of 51,952 feet. It is also capable of a straight flight of 305 meters in one second. Rafale requires a pilot. It has a length of 50.1 feet and a wing span of 35.4 feet. It weighs 10,300 kg. is Currently, the Indian Air Force has 36 Rafale fighter jets. It will be developed as a multirole aircraft in India Dassault Marine has a BVR rating of 90 percent out of 100. It will be developed as a multi-role fighter a

Budget 2024: Counting days are now left for the month of January to end. Then in February, Finance Minister Nirmala Sitharaman will present the 2024 budget in Parliament. Also, since the year 2024 is an election year, this year's budget will be an interim budget. Also, people have many questions about the budget, the most common question is why the budget is presented on February 1? So let's find out the answer... Earlier it was not presented on 1 February Earlier the budget was not presented on the first day of February but on the last day of February. But the current government has changed this age-old tradition associated with the budget and changed the budget date to 1st February. This tradition was changed in the year 2017 Every year at the beginning of the new financial year, the central government presents the expenditure and revenue details for the next financial year before the budget is passed by both houses of Parliament. The budget was introduced in the countr

- The company's market cap increased by Rs 1.25 lakh crore, the biggest jump in three years - Sensex rises 1240, Nifty 385 points on Reliance amid speculation of demerger of Retail, Jio, New NG business - Reliance Group's market cap is Rs.21.64 lakh crore Mumbai: Shares of Reliance Industries Ltd touched a new all-time high of Rs 2,905 intra-day with a three-year record price surge as funds, institutional investors, retail investors bought the buzz today. Rs.2905 made a new historical high and finally rose by Rs.185.80 to close at Rs.2896.15 with the company's market capitalization i.e. investors' wealth increased from Rs.18,33,852 crore to Rs.1,25,714 crore in one day. It reached the height of Rs.19,59,566 crore. With this, the combined market capitalization of Mukesh Ambani's Reliance Group companies has crossed the mark of Rs.21.64 lakh crore. Expecting the Budget to be presented next Thursday to be pleasing to all sections and without any new tax burden, th

- The government wants more and more people to migrate to the new tax system Efforts to rein in inflation and boost consumption and the rural economy are likely to accelerate when the Prime Minister presents his sixth consecutive budget on February 1. Experts said one way to boost consumption is to put more money in people's hands, and one of the possible ways to do that is to reduce the tax burden by tinkering with tax slabs or increasing the standard deduction. Another proposal relates to increased funding under the Rural Employment Guarantee Scheme MGNREGA and more payments to farmers. Women and marginalized communities may get additional relief as part of the finance minister's efforts to boost consumption ahead of the general elections. Generally, interim budgets, which are presented in the Lok Sabha before general elections, do not contain new tax proposals or new schemes. In the interim budget, the government will seek permission from Parliament to meet its expenditur

- Smile Index - Vanity - Like alcohol, holidays also increase economic growth 'Hah, this time a holiday for budget preparation...' yawned a finance ministry official. 'Boss mumbled, what holiday bro? This is an election year. Much work is to be done in this single budget which was not done in the previous four years.' The officer smiles and says, 'No, boss. This is an election year, so there is a writing grant. So the hassle of making a list of what to do cheaply and what to do expensively is gone.' The boss was spoiled. 'When have we cheapened anything in the budget on which day? Don't let your imagination run wild.' The officer says, 'Sir, but how can the budget be made without imagination?' The boss himself laughed at this. "Instead of talking about a holiday in the preparation of the budget, let your imagination run ahead. Think of the holiday as part of budget preparation.' The officer was confused. 'Sir, you have t

Various commodity futures, options and index futures on the country's leading commodity derivatives exchange recorded a turnover of Rs.9,74,555.05 crore during the week from January 12 to 18, with commodity futures accounting for Rs.1,04,609.03 crore and The share of options was Rs.869872.02 crore. During the week under review, among precious metals futures, gold futures, gold February futures opened at Rs.61,925 per 10 grams at the beginning of the week, touched an intra-day high of Rs.62,690 and a low of Rs.61,454 during the week, ended the week at Rs. 19 fell to the price of Rs.61,769. Against this, Gold-Guinea January contract 8 per gram decreased by Rs.87 to Rs.50,077 and Gold-Petal January contract decreased by Rs.17 per gram to Rs.6,095. Gold-mini February futures fell by Rs.39 to Rs.61,791 per 10 grams. Among silver futures, silver March futures opened at Rs.71,861 per kg at the beginning of the week, touched an intraday high of Rs.73,245 and a low of Rs.71,148 during th

Boolean Bits - Dinesh Parekh However, since the government considers gold and silver as luxury items, some sections also estimate that such duty will not be reduced. In the country's jewelery markets, there were indications that the second round of seasonal buying had started in the markets recently after Makar Sankranti ended. There were reports that marriages are going on in the country and the market has become more crowded as the baby boomer declines. Meanwhile, gold and silver prices in the jewelery markets have seen a fall behind the global market after the landing and there was a talk in the market that the seasonal buyers were also relieved due to this. Prices in the jewelery markets have come under pressure recently amid the fall in global precious metal prices, which has brought down import costs at home. Meanwhile, in the currency market, there was also a retreat in the dollar price against the rupee and its impact also fell in the form of softening of the gold and si

- Consensus for the US in 2023 was that the S&P 500 would fall but it rose 24.2 percent Is it any wonder that economic and financial projections are at a very alarming level, yet the media publishes dozens of projections at the beginning of the year on economic growth and how the markets will perform by the end of the year. Guessing in America is a more formal and organized business. The consensus view for the US for 2023 was that the S&P 500 would fall but it rose 24.2 percent and the Nasdaq rose more than 50 percent. China's stock markets were expected to rise after the drop in Covid but suffered a fall. The boom around predictions of a recession in America disappeared and its gross domestic product rose sharply. The Federal Reserve's interest rate hike was expected to slow consumer spending and business growth, but instead the economy continued to grow, interest rates fell and stock markets rose. On the other hand, significant breakthroughs in artificial intellige

- Renewable energy and power auto industry are emerging sectors to attract foreign investment In October, 2023, net foreign direct investment (FDI) in the country rose to 5.90 billion dollars, a 21-month high. In October 2022, the figure of net FDI was 1.16 billion dollars. Strong gross inflows and low levels of investment withdrawals have seen an increase in FDI in October of the current financial year. But if we talk about the current financial year, there has been a fifty percent decline in FDI. Net FDI was $10.43 billion in the period from April to October, compared to $20.76 billion in this period of the previous financial year, according to Reserve Bank data. Global economic slowdown and declining trade activity have affected inbound and outbound FDI flows. Investment opportunities remain low due to recession in developed markets. The number of withdrawn investments from investments made in India decreased to 1.10 billion dollars in October. According to Reserve Bank statistic

- The Conundrum of Economics - Dhawal Mehta - A free market system is considered the best in a liberal economy As the limitations of communism in practice are revealed, the wave of neoliberalism i.e. neocapitalism has returned in the modern world. Not only in economics but also in politics, the right-wing wave is advancing. In politics, the right-wing wave is called the rightist wave and the extreme right wave is called the extreme right or radical right. The word radical right in English means 'radical' (ie not superimposed) to change. The Radical Right has an element of fanaticism. Right-wing forces in Europe and America have also intensified opposition to immigrants from other countries, and the radical right in Afghanistan over the way a nation is built on Islam and the way blasphemy is executed or a woman suspected of sexual misconduct is stoned to death. Viewpoint: Brutal military dictatorships that blatantly violate democratic principles are also called the Radical R

- A claim made in the Economic Review published by the Ministry of Finance - If growth continues at the same rate, the Indian economy will touch seven trillion dollars by 2030 New Delhi: An economic review prepared by the Office of the Chief Economic Adviser has expressed hope that the Indian economy will grow at a rate of more than seven percent in the coming years, the finance ministry said in a statement. Chief Economic Adviser V Nageswaran has clarified that the Economic Survey of India prepared by the Department of Economic Affairs is not. The economic survey will be presented before the full budget to be presented after the general election. The review stated that the size of the Indian economy could touch five trillion dollars in the next three years and due to continuous reforms, the size of the Indian economy could reach seven trillion dollars by 2030. Ten years ago, the Indian economy was the tenth largest economy in the world at $1.9 trillion. With a size of $3.7 trill

Ram Mandir Inauguration: Demand for firecrackers increased Ayodhya is all set for the inauguration ceremony of the Ram temple on January 22. There is tremendous enthusiasm for this across the country and the demand for fireworks to celebrate it has increased. Industry sources say traders in Tamil Nadu's Sivakashi city are seeing a 20 to 30 per cent increase in demand from North India alone compared to last year. 90 percent of the crackers in the country are made in Sivakashi. However, despite the huge demand, manufacturers are not confident that the sales of crackers will be very high as adverse weather has affected their production in the last few days. Due to the recent rains and cyclonic storms in Tamil Nadu, not enough firecrackers have been produced. There was no production from Diwali to Pongal as the conditions were very bad due to incessant rains. Firecracker business in Sivakashi provides direct employment to about 3 lakh people and indirect employment to 5 lakh people.

- Bhoo Bazar : Dilip Shah - Vote on account will also have the same effect as the full budget: Government will maintain the importance given to infra and agriculture sector in the interim budget. As Lok Sabha elections will be held in the country in the current calendar year, this time on February 1, not the full budget, but vote on account will be presented. Even the complete budget is not the same now, because instead of making announcements in the annual budget, the government makes announcements of some important schemes and programs in the middle of the year. Thus the interim budget will have an impact on the stock market, but the commodity market does not seem to have much of an impact. Even so, analysts are making different estimates about the effect that the government might have if it makes populist announcements in the run-up to elections. First of all, it should be noted that the government has undertaken an ambitious project to settle everyone in their own homes in the

- Artificial Intelligence is not yet contributing much to revenue and profits, but it is a growing field. The third quarter results of the four major information technology companies and their management comments show that the worst is over in terms of demand slowdown. However, managements of the companies are still cautious about the demand improvement projections in the short term. TCS, HCL Tech, Infosys and Wipro have all done well on the revenue front. Their performance in terms of profit and margin also remained more or less the same. Investors were expecting good earnings due to the surprisingly strong performance of the US economy as the US is a key market for Indian information technology companies. However, while on the one hand management is positive in the sense that the companies believe that the worst is over in terms of demand and margin decline, on the other hand none of them believe that there will be an immediate pick-up in demand. At least two company sources said

The Aditya Birla Group headed by Kumar Mangalam Birla is a Fortune 500 company. The group has more than 10 international fashion and lifestyle brands like Forever-21 to Van Hoosen. Including Ted Better, Simon Quarter, Pantaloons etc. The Birla Group has been one of the top groups in the country for the past seven decades. It has made an impact in various sectors like fiber, chemical, textile, telecom, fashion retail. Other brands owned by the Birla Group include Linen Club, Fresh Wrap Foils, Aditya Birla Fashion and Retail Limited (ABFRL) with sales of Rs 12,418 crore. Apple bought a 15-storey office in Bengaluru Apple is strengthening its foothold in India. Recently, Apple has bought a 15-floor office. Which is located at Minsk Skewer in the center of Bengaluru, Karnataka. Apple also has offices in Mumbai and Hyderabad and now it will open in Bengaluru as well. About 1200 staff will be able to sit in this 15-storey office in which facilities for cafe and wellness will also be creat

12 years in prison for listening to K-Pop K-Pop i.e. South Korean music is gaining popularity worldwide but it is banned in North Korea. Recently, two North Korean teenagers were sentenced to 12 years in prison if they were caught listening to K-pop. In order to instill fear in other teenagers of North Korea, the two teenagers were sentenced in public in the capital Pyongyang and a video of it was also made viral. Both the 16-year-old teenagers were also accused of watching South Korean movies. North Korean dictator Kim Jong Un calls Ky-pop a toxic cancer. In 2020, Kim Jong Un has also created the Anti-Reactionary Thought Law to curb this so-called contamination. Several have already been punished under this law. Expensive sandwich bags, where stupid... A sandwich bag made by luxury brand Louis Vito is currently trending on social media. Usually luxury brands make bags with women in mind but this bag is made with men in mind. This bag, which looks like a normal paper bag, has been

- Bad impact on investment seen in India like other parts of the world after the global financial crisis The government is emphasizing capital spending to boost economic growth after the end of the pandemic. The idea behind it is that with the help of government capital expenditure, not only the necessary infrastructure but also economic activities will be boosted which will induce the private sector to invest. However, many states have lagged behind in this regard and have been able to reach only a quarter of the target set for the year. A comprehensive study by the World Bank has once again underlined the role of investment in driving economic growth. The study was published in the latest Global Economic Outlook report. After the global financial crisis, investment in India, like other parts of the world, was adversely affected. India faced a dual balance sheet problem where both corporate and banks' balance sheets were under pressure. We have now fully recovered from that per

- After Lord Rama was enshrined at Ayodhya on January 22, the seeds of Ramraj's imagination have been planted in the minds of every Indian. It is said that in this budget the seeds of everyone's imagination can sprout - One thing is certain that efforts will be made to provide women empowerment and industry oriented budget. When the Indian government is pursuing the dream of becoming a five trillion dollar economy, it is certain that encouraging policies in that direction will also be seen. - India's startup sector is attracting every newbie. Some startups are mired in controversy but the government is taking a positive stance. Efforts to boost the potential of India's internet economy to become one trillion dollars by 2030 will be seen in the budget. There are two days left before the flight. After two months, there are Lok Sabha elections. As the Modi government is aiming to come to power for the third term, it is believed that all efforts to please the voters wil