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The import curbs at airports and ports in China add to the woes of manufacturers already stricken by an acute scarcity of chipsets for smartphones, leading to the market analysts chopping their 2021shipment estimates for the second time this year. TechArc has reduced its projections by 7 percent extra while IDC mentioned that the trade […]
For the first time in three months, Bitcoin broke back above 50,000 dollars on Monday as investors piled back into the cryptocurrency on bargain-buying. After bitcoin plunged from a record near 65,000 dollars in mid-April and trading in a range of about 30,000 to 40,000 dollars for many weeks, bitcoin has recovered. The largest cryptocurrency […]
Nirmala Sitharaman, Finance Minister in her 2021-22 budget speech said that monetising operating public infrastructure assets was a very important financing option for new infrastructure construction. After which a top Government official stated on Wednesday that the Government is finalising Rs 6 lakh crore worth infrastructure assets, including national highways and power grid pipelines which […]
Rajarishi Chakravorty, a civil engineer and marketing professional has been riding bicycles since he was just five years old. The Delhi-based cyclist has enhanced his riding distance from 10 km/ day earlier to now 35+kms/day. Currently owning two products-one each from La Sovereign and Hero stable, Chakravorty is now drawing up plans to buy a […]
Around 500 jewellery manufacturers of Rajkot will be on a one day strike on Monday so as to protest the introduction of hallmarking unique identification (HUID) number system by the Bureau of Indian Standards (BSI) for jewellery. The new requirement will slow down the business cycle of the jewellers and put customers’ privacy in danger. […]
The sharp rise in the US dollar has seen a nine-month high and a rise in gasoline over the past week. Due to which there was a sharp fall in the prices of crude oil. It is likely to decline further. An increase in corona cases may also be responsible for the fall in demand. […]
Milk production in Gujarat has now reached such proportions that the Gujarat Co-operative Milk Marketing Federation (GCMMF) is unable to sell all of it. This year GCMMF (owner of the Amul brand) was obliged to convert the surplus into milk powder and sell this in the international markets at a loss. Last month, the Gujarat […]
Indian and especially Gujarat exporters are unhappy with some of the unfavourable facets of RoDTEP ( Remission of Duties and Taxes on Imported Products ), an export incentive scheme introduced by the Central government implemented from 1sr January 2021. The rates for duty remission have been announced now, after a gap of 8 months, and […]
Reserve Bank of India (RBI) has relaxed the restriction placed on sourcing new credit cards. HDFC Bank, being the largest credit card issuer in the country with a card base of 14.8 million as of June 2021, has lost around 0.6 million cards since the embargo. After which the private lender HDFC Bank’s Managing Director […]
Indian businessman Radhakishan Damani who is an owner of retail chain DMart is now among the top 100 richest people in the world. Damani grew up in a humble background has made his place in the Bloomberg Billionaires Index which is a daily ranking of the world’s richest people. He is now ranked 98 on […]
Here’s something that might perk up your ears about cryptocurrency — if Tesla founder Elon Musk being bullish about it already hasn’t. Despite the volatility of the market and the legal grey area, many investors especially youngsters are being drawn towards investing in digital currencies. With easy accessibility to cryptocurrency trading platforms like WaZirX, CoinDCX, […]
Voltro Motors, the electric cycle startup is focusing on expansion to increase production and is aiming for sales of up to ₹10 crores this fiscal. The brand stated that it is witnessing a rise in demand for electric cycles in small towns, especially after the easing of pandemic restrictions. Prashanta, the founder and director of Voltro […]
The Vehicle Scrapping Policy introduced in the 2021 budget was finally launched on August 13 during an investor summit held at Mahatma Mandir, Gandhinagar, Gujarat. The Policy was launched by Prime Minister Narendra Modi and was aimed at developing fuel-efficient vehicles that follow environmental norms make auto components that are less expensive and reduce the […]
Although most private sector banks withhold the remuneration details of senior executives in the annual reports, the shareholders can specifically request the disclosure from companies. The remuneration disclosure provides valuable information on the quantum of monetary compensation that reveals how senior managers have been appraised and compensated. As per Hemindra Hazari, the scale of remuneration […]
The stock market across Asia are trading higher on Thursday on the back of a rally in the American market. The US dollar was down on falling inflation. It also lifted Asian currencies. The market is moving upwards on cooling inflation in the US and the $3.5 trillion budget plan of president Biden getting the […]
After a sharp profit booking and touching the low point of the day, the market managed to bounce back on widespread buying on Wednesday. Despite marginal losses from the previous close, investors wealth continued to erode for the sixth day in a row. Today, total market capitalisation declined by Rs7,471 crore The Sensex was down […]
On Tuesday, the Nifty and the Sensex advanced, however, the broader market continued to decline in the Indian stock market. The trading was volatile and a few large-cap stocks from information technology, financial services and banking supported the market. The biggest losses were registered in PSU banking as well as metals. The overall texture of […]
Indian share markets are likely to open with downward bias on weak global cues. Huge profit-booking by mutual funds on Monday is also going to weigh on the market sentiments. The stock market in the US closed mildly down on concerns surrounding earlier than expected rate hikes. Similar sentiments, coupled with the spread of delta […]
Elon Musk, the chief executive of Tesla tweeted last month that Tesla would set up a factory in India if it is successful with imported vehicles. The company wrote to the Indian Ministries seeking a big reduction in import duties on electric vehicles however it was likely to face resistance from the Government. Also Read: […]
Though benchmark indices (Sensex and Nifty) indicate gains, the overall market on Monday ended with losses wiping out Rs77,663 crore of investors’ wealth in highly volatile trade. All other indicators indicated the emergence of cautious trade or profit booking at the higher levels. Looking at deep cuts in crude oil and gold prices in the […]
