Business Samachar

will it be the last rate hike of the current cycle? posted by NILESH WAGHELA  MumbaI: The Reserve Bank of India is likely to raise the repo rate by 25 basis points or 0.25 % on April 6 as inflation continues to remain above its comfort zone of 6%, as retail inflation above RBI's comfort zone. However, some economist expect Interest rates to come down after that.  A poll of economists conducted by news agency Reuters indicated that the RBI would hike rates in the upcoming policy review and then pause for the rest of the year. But will that be the central bank's last rate hike of the current cycle? According to economists, it is likely that the central bank would leave room for future hikes, given the evolving inflation trend in India and around the globe. Retail inflation has remained above the RBI’s upper tolerance band of 6 per cent for two straight months. While it reached 6.52 per cent in January, it only cooled off slightly to 6.44 per cent in February. This is why the cen...

 શેરબજારમાં પોઝિટિવ ટ્રેન્ડ!   શું સબ સલામત છે?   નિલેશ વાઘેલા મુંબઇ: બિસ્માર સિલિકોન વેલી બેંકના એક્વિઝિશન માટે વાટાઘાટો આગળ વધી હિવાના અહેવાલો બાદ સોમવારે ભારતીય શેરબજારમાં સુધારો જોવા મળ્યો હતો, જોકે એ નોંધવું રહ્યું કે વૈશ્વિક બેંકિંગ સિસ્ટમમાં સંક્રમણની આશંકા તો હજુ ઝળૂંબી જ રહી છે.  હેવીવેઇટ ફાઇનાન્શિયલ ઇન્ડેક્સમાં 0.3% ના સુધારા સાથે, 13 મુખ્ય ક્ષેત્રીય ઇન્ડેક્સમાંથી આઠમાં સુધારો જોવા મળ્યો છે.   મેટલ્સ ઇન્ડેક્સ 0.8% વધીને ટોચના સેક્ટોરલ ગેનર બન્યા હતા, જેમાં શુક્રવારે બે ટકાથી મોટો કડાકો નોંધાયો હતો. અલબત્ત, ફર્સ્ટ સિટીઝન્સ બેન્કશેર્સ ઇન્ક દ્વારા સિલિકોન વેલી બેંકના સંભવિત એક્વિઝિશનના અહેવાલોને કારણે સેન્ટિમેન્ટમાં સુધારો તો આવ્યો જ છે, પરંતુ બીજી તરફ ધિરાણની તંગી અંગેની ચિંતા યથાવત રહી છે. તાજેતરના બેંકિંગ કટોકટીના સંભવિત પરિણામને ધ્યાનમાં લેતા સત્તાવાળા હાઈ એલર્ટ મોડમાં છે.  યુ.એસ. ફેડરલ રિઝર્વ અને યુરોપિયન સેન્ટ્રલ બેંકના અધિકારીઓએ જણાવ્યું હતું કે તેઓ ક્રેડિટ ડિફોલ્ટ સ્વેપમાં ચાર વર્ષની ઊંચી સપાટીએ પહોંચવાને પગલે ડ્યુશ બેંકના શેરમાં ઘટ...

  Jamboree By Tisser An exclusive One of its Kind "Exhibition" of creative and artistic handcrafted textiles and heritage art and craft . The products include exclusive sarees, dupattas, jewellery , pottery , baskets etc  exclusively for handloom lovers of Mumbai. Through this exhibition, Tisser would be providing financial empowerment to grassroot artisans in various clusters across the country . Tisser has a network of more than 10,000 artisans , products and  self help groups Save your date *24th March to 26th March, 2023, At The C.K.P. Club, Linking Road, Khar west Mumbai, 400052* Landmark : Opp Anita Dongre store Do drop in , meet our artisans in person, hear their stories and show your love for Indian craft and textiles . Jamboree By Tisser Event Managed by: Pinks Event

What analyst says on Investment in Gold  Posted by: Shivam kumar Mumbai: Gold prices have been given strong returns since 2019. Prices were at 31000rs per 10grms which have now touched 60000rs giving nearly 100% returns in the last 4yrs, which accounts to compounding of 25% which is far beyond par levels of 15% in major asset classes.  It has also been surpassing major volatile events like trade war since 2019, covid19, Russia Ukraine war, such geopolitical tensions have given a lot more infusion into Gold prices rising higher.  Currently we are in financial banking crises after SVB Credit Suisse alike which will continue to support Gold strongly this year in 2023. Investors should definitely keep strong allocation to Gold. Any hike in line with 25 basis point or lower along with non visible or hawkish speech will be strongly positive for Gold and levels of 2040-2050 in Comex and 61500 odd will be seen in coming days. On the flip side any higher hike than 25 basis with ha...

Altigreen launches its second retail experience centre in the city Mumbai: India’s leading commercial electric vehicle maker Altigreen today inaugurated its second retail experience centre in Mumbai – in Kurla. This is the company’s twenty-sixth (26th) retail dealership in India, following the launches in major metros like Mumbai, Chennai, Hyderabad, Delhi and Bangalore. Much like Altigreen’s experience centres in other cities, this new dealership in Mumbai will allow EV enthusiasts to access Altigreen’s range of electric cargo vehicles. Altigreen has partnered with Fortpoint Automotive Private Limited (FAPL) - one of Mumbai's most illustrated automotive retail companies. Fortpoint Automotive Private Limited (FAPL) is a well-established company in the automotive retail space having a pan-India presence. The company has representation in all three segments of the automobile industry - two-wheelers, four-wheelers and high commercial vehicles with brands such as Kawasaki, Maruti Udyog...

Sharon stone lost heavily  due to US Banking crisis The American actress in an emotional speech appealed to the guests present at the fundraiser to donate more, while also sharing her financial troubles  New Delhi: While speaking at a fundraiser event for cancer research in Beverly Hills, American actor Sharon Stone revealed that she lost half her money to "this banking thing". This is being seen as an apparent reference to the Silicon Valley Bank (SVB) collapse, which has crashed markets around the globe. The American actress in an emotional speech appealed to the guests present at the fundraiser to donate more, while also sharing her financial troubles. While admitting that she is not great at online tranfers, she said "I’m a technical idiot, but I can write a check," Sharon Stone breaks down in tears asking guests to donate more money. She says writing a check for her requires courage since she “lost half my money to this banking thing,” presumably referring to S...

‘Shine ka Wahi Bharosha, ab 100cc Mai’ Honda ups the ante in 100-110cc commuter segment, Launches the all-new  All new 100cc OBD2 compliant engine powered by eSP (Enhanced Smart Power)   Innovation in market leader with as many as 12 new patent applications New value package for customers   Special 6-year warranty package   Shine 100 is available in 5 color options  Attractively priced starting at Rs. 64,900 (ex-showroom, Maharashtra) Mumbai: Creating a new paradigm in mass mobility, Honda Motorcycle & Scooter India (HMSI) launched its most affordable and fuel-efficient mass motorcycle – Shine 100 in India.   Now marking its presence in the 100cc basic mass commuter category, Honda’s brand Shine’s undisputed leadership in 125cc motorcycle segment is a testimony to the trust, reliability, and advanced technology it offers to the customers. Shine 100 is developed with as many as 12 patent applications for the enhancement of reliability. Launchin...

‘Gudi Padwa 2023 will boost property sales’: NAREDCO Neral Karjat From affordable housing to land plots and luxury villas,  Neral Karjat offers a wide range of property Mumbai 3.0 incorporates ‘Affordable City’, a value add for home buyers MUMBAI: For home seekers looking for the home that meets different parameters, Mumbai 3.0 a.k.a. Neral-Karjat-Panvel-NAINA, arguably, offers the widest segmentation of property options, be it affordable housing; luxury villas or plots of land. “This Gudi Padwa should see a huge segment of property buying, given the festive fervor which will add to the property buying sentiment across Mumbai 3.0,” said Dinesh Doshi, President, NAREDCO Progressive Neral-Karjat, the Neral-Karjat chapter of the apex real estate industry body – NAREDCO. “Growing urbanization creates the need to not just to provide cheap houses, but also to provide the infrastructure associated with it. This is what we at NAREDCO Progressive Neral-Karjat see as the future - ‘Affordable...

 Gold to trade lower towards 57330, stockpiles may put pressure on crude prices GOLD Gold prices gained little on Thursday, as prices managed to hold onto the marginal gains. The bullion was still above the $1900-mark and looks like it will settle the week above the same. With investors rushing to gold as a safe haven due to the global banking crisis, it was anticipated that it would rise for a third week in a row. First Republic Bank received a deposit injection of $30 billion from large US banks on Thursday, stepping in to save the lender that had become embroiled in a growing crisis brought on by the failure of two other mid-sized US lenders in the previous week. On Thursday, the European Central Bank maintained its commitment to fighting inflation by raising interest rates by 50 basis points as planned. Outlook: We expect gold to trade lower towards 57330 levels, a break of which could prompt the price to move lower to 56840 levels. CRUDE After slipping to over 1-year lows, cru...

Sensex crashed by 1,400 pts from day’s high!  posted by  NILESH WAGHELA MUMBAI: The Sensex fell nearly 1,400 points from the day's high on American Bank's jitters and finally settled down 897 points at 58,237. When the Indian stock market was trying to recover from the Adani crisis, the failure of Silicon Valley Bank (SVB) in the US came as another crude shock. In the last three trading sessions, investors have turned poorer by Rs 6.6 lakh crore and the Sensex has crashed around 2,000 points as the SVB crisis is having a ripple effect on global equity markets. During the day, bank stocks were among those worst affected despite analysts and brokerages saying that Indian banks are well-placed in a tight regulatory framework. Fear gauge index India VIX jumped 15% as all sectoral indices were trading in the red today. Even as the US regulators jumped into action, the failure of SVB and Signature Bank spoiled market sentiments. "In a globalised world, a positive or a negative f...

Gold jumps as investor rush to safe haven asset, stock market in turmoil!  Posted by Nilesh waghela  MUMBAI: Gold has seen a current due to the beating of the US bank SVB, while the stock market has been left in limbo for the next move.  Investors in the international market are rushing to safe haven assets amid the panic caused by the collapse of America's Silicon Valley Bank.  In the world market, gold moved towards 1900 dollars with a jump of about one percent.  US gold futures were up 1% at 18865.50.  While the Indian stock market saw an uncertain movement.  Shares were positive on Monday as heavyweight information technology stocks led by Tech Mahindra rose after the appointment of a new chief executive.  Shares of Tech Mahindra jumped by 10%.  Investors are waiting for inflation data.  Retail inflation in India is likely to ease to 6.35% in February, but remained above the Reserve Bank of India's upper threshold for the second cons...

ફોકસ લાઇટિંગ અને ફિક્સ્ચર્સે સુરત કેસલ ખાતે 3-ડી મેપિંગ લાઇટ અને સાઉન્ડ શો ડિઝાઇન અને ઇન્સ્ટોલ કરવા માટે ₹13.50 કરોડનો કોન્ટ્રાક્ટ મેળવ્યો મુંબઈ: ફોકસ લાઇટિંગ એન્ડ ફિક્સ્ચર્સ લિમિટેડ (ફોકસ) (એનએસઈ – FOCUS), એક ટેક્નોલોજી એલઇડી લાઇટ્સ મેન્યુફેક્ચરિંગ કંપનીને સુરત સ્માર્ટ સિટી ડેવલપમેન્ટ લિમિટેડ દ્વારા સુરત કેસલ ખાતે 3-ડી મેપિંગ આધારિત લાઇટ એન્ડ સાઉન્ડ શો ડિઝાઇન અને ઇન્સ્ટોલ કરવા માટે ₹13.50 કરોડનો કોન્ટ્રાક્ટ આપવામાં આવ્યો છે. આ પ્રતિષ્ઠિત પ્રોજેક્ટમાં અત્યાધુનિક 3-ડી મેપિંગ આધારિત લાઇટ એન્ડ સાઉન્ડ શોની ડિઝાઇન, સપ્લાય, ઇરેકટીંગ, ટેસ્ટિંગ અને કમિશનિંગનો સમાવેશ થાય છે, જેને પૂર્ણ થતાં ત્રણ મહિનાનો સમય લાગશે. આ પ્રોજેક્ટમાં અત્યાધુનિક લાઇટિંગ અને સાઉન્ડ સિસ્ટમ બનાવવાનો સમાવેશ થશે, જે કિલ્લાના મુલાકાતીઓ માટે અદભૂત વિઝ્યુઅલ ડિસ્પ્લે બનાવશે, જે સુરત શહેરના પ્રાચીન યુગથી આધુનિક યુગ સુધીના ઇતિહાસને દર્શાવે છે. જેને પ્રોજેક્ટર અને કન્ટેન્ટ ક્રિએશનની મદદથી પ્રદર્શિત કરવામાં આવશે. આ કિલ્લો દુનિયાભરના પ્રવાસીઓને આકર્ષશે. પ્રોજેક્ટના કાર્યક્ષેત્રમાં ₹11.96 કરોડના મૂલ્યની ડિઝાઇન, સપ્લાય, ઇરેક્શન અને ...

  Mumbai: Focus Lighting & Fixtures Limited, a  technology LED lights manufacturing Company, has been awarded a contract worth ₹13.50 crore by Surat Smart City Development Limited to design and install a 3-D mapping based light and sound show at Surat Castle. This prestigious project includes designing, supplying, erecting, testing and commissioning a state-of-the-art 3-D mapping based Light & Sound Show that will take three months to complete. The project will involve creating a sophisticated lighting and sound system that will create a stunning visual display for visitors to the castle which shall show case the history of Surat city from the ancient era to the modern era. This will be displayed with the help of projectors and content creations. This fort will attract tourists from all over the world. The scope of the project encompasses both the design, supply, erection and testing work worth ₹11.96 crore and an additional annual maintenance and operation contrac...

Indian Bullion Jewellers Association in association with  “Heera Zhaveraat Group”, launched  first ever “Golden Girls Awards” to recognise female entrepreneurs in the Industry  Posted by Nilesh waghela  Mumbai: On the occasion of “International Women’s Day 2023”, the Lady’s Wing of India Bullion & Jewellers Association & HZ Trade Media Group presented the first ever “Golden Girls Awards” to recognise all those Women Entrepreneurs, who with their sheer skill & passion have attained success in each and every curve of Jewellery Manufacturing, Processing, Designing & Trading Nationally. It is a salutation for the  brave and brilliant female entrepreneurs, who defied all odds through sheer passion and determination to attain success through all the Cs such as confidence, concentration, consistency, collaboration and cooperation. IBJA conceptualized The Golden Girl Awards in association with “Heera Zhaveraat Group”, with the sole purpose of motivating...

  સર્વેલન્સ યંત્રણાની જાહેરાત છતાં અદાણી જૂથના અમુક શેરમાં અપર સર્કિટ! મુંબઇ: અદાણી એન્ટરપ્રાઇઝિસ, અદાણી પાવર અને અદાણી વિલ્મરને ગુરૂવારથી નેશનલ સ્ટોક એક્સચેન્જના ટૂંકા ગાળાના વધારાના સર્વેલન્સ મેઝર્સ (એએસએમ) ફ્રેમવર્ક હેઠળ સામેલ કરવામાં આવ્યા છે. એક્સચેન્જ દ્વારા બહાર પાડવામાં આવેલા પરિપત્ર મુજબ, અદાણી ગ્રીન એનર્જી અને એનડીટીવી શેર એનએસઇના લાંબા ગાળાના એએસએમ ફ્રેમવર્કના સ્ટેજ-ટુ પર ખસેડવામાં આવશે.  અદાણી એન્ટરપ્રાઇઝિસને એક્સચેન્જના એએસએમમાંથી બાકાત રાખવાની જાહેરાત થયાના બે દિવસ બાદ આ અપડેટ આવ્યું છે. સર્વેલન્સ ફ્રેમવર્કમાં કંપનીઓના શેર ઉમેરવાનો નિર્ણય છેલ્લા કેટલાક સત્રોમાં શેરના ભાવમાં થયેલા ભારે ઉછાળાને પગલે લેવામાં આવ્યો છે. યુએસ ફાઇનાન્શિયલ ફોરેન્સિક રિસર્ચ ફર્મ, હિંડનબર્ગ રિસર્ચના કથિત અહેવાલને પગલે અદાણી જૂથના શેરોમાં સર્જાયેલી તીવ્ર અસ્થિરતાને ઘટાડવા માટે ગયા મહિને, અદાણી પોર્ટ્સ એન્ડ એસઇઝેડ અને અંબુજા સિમેન્ટને પણ ટૂંકા ગાળાના વધારાના સર્વેલન્સ માપદંડ હેઠળ મૂકવામાં આવ્યા હતા. જો કે, બંને કંપનીઓને ૧૩ ફેબ્રુઆરીએ ફ્રેમવર્કમાંથી મુક્તિ આપવામાં આવી હતી. સ્ટોક એક્સચેન્જ એનએ...

  NSE again places adani group under ASM Adani Enterprises, Adani Power, and Adani Wilmar have been included under the National Stock Exchange’s short-term additional surveillance measures (ASM) framework from Thursday. The update came two days after it was announced that Adani Enterprises would be excluded from the exchange’s ASM. The decision to add the firms’ shares into the surveillance framework is following the steep rise in the share price over the past few sessions. Adani Green Energy and NDTV shares will be moved to stage 2 of NSE’s long-term ASM framework, according to a circular released by the exchange. Last month, Adani Ports and SEZ and Ambuja Cements were also placed under the short-term additional surveillance measure to reduce the heightened volatility faced by the stocks following the US financial forensic research firm, Hindenburg Research’s scathing report, alleging the Group of large-scale fraud and stock market manipulation. However, the two companies were rem...

  Adani Ent. gets out from ASM MumbaI: After a month, NSE removed Adani Enterprises from the short-term additional security measure framework. Gautam Adani-led Adani Enterprises stock has been removed from the NSE’s short-term additional surveillance measure (ASM) after over a month, according to a circular released by the exchange. The flagship conglomerate was put under the framework on 2 February, following the heightened volatility in the share prices after the dissemination of the Hindenburg report. Along with the flagship conglomerate, Aaron Industries was also removed from the framework, which goes into effect on 8 March. Other Adani group companies, Ambuja Cements and Adani Ports and SEZ, were also put under the short-term additional surveillance measure framework (ST-ASM) on 2 February. However, these companies exited the ST-ASM framework shortly after, on 13 February. What is ASM? SEBI and the exchanges joi...

Cressanda Solutions Ltd sign LOI to acquire 20.1% equity holding in Cadcon Education Pvt Ltd Deal is inline with company’s strategy to build a global business with software and technology services at its core Highlights:- • Cadcon Education Pvt Ltd is a start-up that is catering to the demands of the ed-tech sector with its product tchr • Both parties agree to a target date of 31 March 2023 or earlier to conclude the definite documents related to the project • Board of Cressanda Solutions has recently appointed Mr. Manohar Iyer as MD & CEO and Mr. Saugat Mahapatra as a Director and CFO • Cressanda Solution has received prestigious order for in-coach digital advertising in Kolkata Metro • In July 2022 Cressanda signed a MOU with a consortium led by Bufshelfco, South Africa for a period of three years to provide IT infrastructure, super app development, digital services etc Mumbai: Cressanda Solutions Ltd – leading company providing IT solutions, digital media and IT enable...

• Assam Tourism organized Tourism Raoadshow, B2B meet in Mumbai; promotes Assam as a film tourism friendly state  • Through the roadshow, Assam tourism is showcasing the state as an ideal place for leisure, adventure, wildlife and film shooting destination Mumbai: In a bid to promote Assam as the most film tourism-friendly state that familiarities single-window clearances for shooting movies, Assam tourism today conducted a roadshow at the Grand Hyatt, Mumbai. The B2B event was inaugurated by the hon'ble Minister of Tourism – Assam Shri Jayanta Malla Baruah. ATDC Chairman, Vice Chairman, Additional Chief Secretary to the Govt of Assam - Tourism Department, Secretary to the Govt of Assam - Tourism Department, and other key officials from Assam Tourism were present at the event. An MoU was signed between Assam Tourism Development Corporation and Maharashtra Tourism Development Corporation for cross promotion of tourism in both the states. In his welcome speech, Shri Rituparna Bar...

Adani group’s gross debt has grown to Rs 2.21 lakh crore New Delhi: Adani group’s gross debt has grown from Rs 1.11 lakh crore in 2019 to Rs 2.21 lakh crore in 2023, according to the presentation made to investors last month. Executives told investors they will address upcoming debt maturities including by potentially offering private placement notes and using cash from operations. The Adani group, whose mostly debt-fueled breakneck expansion saw gross debt doubling in four years, has almost USD 2 billion worth of foreign-currency bonds coming up for repayment in 2024, according to a presentation the conglomerate made to investors. The apples-to-airport conglomerate borrowed over USD 10 billion in foreign currency bonds between July 2015 and 2022 across group companies. Of this, USD 1.15 billion of bonds matured in 2020 and 2022. There are no maturities in 2023 but three issuances – USD 650 million by the ports arm APSEZ and two of renewable energy unit Adani Green Energy Ltd (USD 750 ...

What was behind the sudden jump of around 1000 pts in Sensex? What next?  posted by Nilesh waghela   MUMBAI: Amid country's growth slowing down, the world economy reeling from rising inflationary pressures and fears that the Federal Reserve will tighten again, what reason did the stock market find for a jump of nearly 1,000 points on weekend? In response to this question, check what reasons market experts palces. The first important reason, according to market  sources is considered to be the resumption of buying in the Indian stock market by foreign institutional investors (FIIs).  According to data received from the exchange, FIIs on Thursday traded in the Indian stock market at Rs. 12,770.81 crore was reported. Another immediate cause is the Adani effect. US investment firm GqG Partner's nearly $2 billion investment in Adani's shares has boosted sentiment. All Adani stocks rose after reports that US boutique investment firm GqG Partners Inc has bought $1.87 billio...