Daily Archives: Saturday January 5th, 2019

The world’s largest cigarette company will bring IPO

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The Mumbai-based cigarette maker, China National Tobacco Corp, is going to bring an IPO of its international unit soon. The company has planned to list China Tobacco International Inc. at the Hong Kong Stock Exchange.

China Tobacco International Inc. mainly ensures the availability of tobacco leaves from countries like Brazil and Canada. China National Tobacco Corp creates four cigarettes out of every ten cigarette in the world. It is expected that this company earns more profits than companies such as HSBC Holdings and Walmart Inc.

However, the business of the company’s international entity is only a small part of China’s total tobacco business. Despite this, its business is more than the total market share of the other five tobacco companies in the world. The listing of the company is unique in that, on one hand, where the monopoly of this government company will expand further, there is a lot of concern in China on the continued increase in cancer and other related diseases.

China is also the largest producer of tobacco in the world, with the highest consumption. Smoking critics also say that the government is getting tax revenues from smoking, so he is not taking enough measures to stop it. Last year, members of the National People’s Congress of China’s Parliament, urged the government to impose more taxes on cigarettes to prevent the increased addiction of smoking in youth.

From the international business of the company, the revenues of $ 651 million in the last nine months have come down to 21 percent, compared to the same period last year. During this period, its gross profit margin was 5.8 per cent, which was 6.5 per cent last year.

Found on the CPSE ETF for Edelweiss Mutual Fund

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Mumbai – This time the government has appointed Edelweiss Asset Management Company to manage debt-based Central Public Sector Enterprises Exchange Traded Fund (CPSE ETF).
According to sources, Edelweiss was technically and financially at the forefront to win this ETF and on this basis he got this ETF. Although not yet officially announced by the government, neither the government nor nor the Edelweiss Company But it is being said that Edelweiss got this ETF only.
In fact, Finance Minister Arun Jaitley had announced the date CPSE ETF in the 2018 budget, in which state companies can raise money from bonds. So far, the government had approved the funding of State companies through ETF but now they can raise money through ETFs to retail investors, and for this this date CPSE ETF is being brought. Explain that the expense ratio (expenditure ratio) in such ETF is the lowest in the world, which is 0.0005%. This scheme can either be closed-ended or open-ended.

Gold prices fall

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Mumbai: Gold prices fell by Rs 145 to Rs 32,690 per 10 grams on Friday in the Delhi Sarafa Bazar due to sluggish demand in the wake of the slowdown in the demand for precious metals in the precious metal in the precious metals. This is the first decline in gold prices this year. However, during the industrial subscription, silver was raised by Rs 440 to Rs 40,140 per kg.

London’s gold spot fell by $ 0.57 to $ 1,294.30 an ounce in overseas markets. US gold futures rose by $ 1.80 to $ 1,296.6 an ounce. Meanwhile, silver spot shot up by $ 0.01 to $ 15.72 an ounce. According to market analysts, the yellow metal is growing in the international markets due to the dollar’s slipping in the basket of other major currencies around the world, but the possibility of a decrease in tension in US-China relations has limited its exposure.

Gold prices fell by Rs 145 to Rs 32,690 per 10 grams on the back of buying at higher levels. Sona Bitur also came down to Rs 32,540 per 10 grams in the same fall. However, the eight-gram gini remained at Rs 25,200. Silver coins recovered by Rs 440 to Rs 40,140 per kg. Silver futures rose by Rs 70 to Rs 39,435 per kg.

Sensex closes with edge

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Mumbai: The stock market closed at the last trading day of the week. After two consecutive days of decline in the market, some recovery has come on Friday. The Sensex has reached 181 points and reached 35700. At the same time, the Nifty has also strengthened 0.5 percent. Nifty has managed to sustain across 10700. At the end of the turnover, BSE’s 30-share index Sensex closed at 18,183.10 with a rise of 181.39 points (0.5 percent). On the other hand, NSE’s 50-share major index Nifty closed 55.10 points i.e. 0.5 percent and closed at 10727.35 level.

However, pressure on upper levels during the business was also made. There is a lot of interest in bank stocks. Bank Nifty is stronger than 225 points. Even in small and medium stocks, the day of shopping proved to be true. The mid-cap index closed nearly 100 points. Public sector banks, oil and gas stocks and auto have also seen rapid growth during the business. Selling in IT stocks was dominated.

Mid-small and small-cap shares also saw growth in the business, with giant stocks. BSE’s mid-cap index closed at a level of 15,147.60 with a weak 0.5 percent. At the same time, the smallcap index climbed 0.1 percent to 14592.41. Oil and gas stocks have seen good buying. BSE’s oil and gas index closed with an increase of 0.8 percent.

Except IT, all the indexes of Nifty have closed up. Nifty’s Auto index closed 0.5 percent, Metal index 1.5 percent, Pharma index gained 0.7 percent, and Realty Index surged 0.8 percent. The business saw the pressure on IT sector, which led to the Nifty’s IT index falling 1.2 percent. Banking stocks have seen strong purchases. Bank Nifty closed at an average of 0.9 per cent at 27195 level. Nifty’s PSU bank index closed with an increase of 2.3 percent from the purchase in government banks.

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