US Congressmen want law against sugar subsidies, say countries like India give billions of dollars to support its inefficient sector
Brazil provides direct and indirect subsidies of at least $ 2.5 billion/year and India at least $ 1.7 billion/year to support its inefficient sugar industry; Thailand has more than tripled its sugar exports since 2004 with $ 1.3 billion/year in subsidies and government price-fixing, said the two US lawmakers in the House of Representatives.
ETMarkets Fund Manager Talk: IPO pipeline for 2023 strong despite prevailing market risks: Anand Dalmia, Fisdom
The IPO pipeline for 2023 looks strong with several consumer-tech and new-age companies attempting to get their listing plans on track as further clarity emerges from the regulatory perspective.
Wheat processors pick 42% of wheat offered in FCI’s first tender
Domestic wheat prices, which had crashed by more than 6% last week after the FCI’s announcement that it would be selling the grain in the open market, are expected to decline further after the movement of wheat from the FCI warehouses starts, said wheat processors.
Stocks to buy today: 5 short-term trading ideas by experts
“Options data suggests a broader trading range in between 17200 to 18200 zones while an immediate trading range in between 17350 to 17900 zones due to higher volatility,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.
ETMarkets Smart Talk: Planning to spend Rs 10 lakh post Budget? Divam Sharma highlights sectors to invest
Yes definitely, it was a very balanced budget with growth as the north star. Long-term infrastructure creation, focus on human capital development, and ensuring a GDP multiplier effect from agri-sector spend and tax rate cuts remained in focus.
Big Movers on D-St: What should investors do with ITC, KPIT Technologies and Jindal Saw?
Stocks that were in focus include names like ITC which was up nearly 5%, KPIT Technologies which gained nearly 6%, and Jindal Saw which closed with gains of over 7% to hit a fresh 52-week high on Thursday.
RBI OKs Hinduja hiking IndusInd Bank stake
Promoter holding in the bank is 16.51% – IndusInd International Holdings had 12.58% and IndusInd Ltd had 3.92% on December 31, 2022, according to a stock exchange disclosure. “To increase stake in the bank, Hinduja Group may need to infuse ₹10,000-11,000 crore ($1.2-1.3 billion). They may infuse the money by issuing preferential shares,” said the […]
Sebi checks for unusual trades
Exchanges is in the process of putting together the trading activity that has happened in Adani companies over the last few days. They will submit their findings to the regulator. “Any unusual trading will be examined by the stock exchanges,” said the person quoted above.
Adani stocks continue to fall; Mcap loss widens to Rs 8.79 lakh crore
On Thursday, Adani Ports fell 6.1%, Adani Power and Adani Wilmar declined 5% each, Adani Transmission, Adani Green Energy and Adani Total Gas dropped 10% each. ACC ended almost unchanged over the previous day and Ambuja Cements jumped 5.3% after the Adani Group clarified that no shares of either of the companies have been pledged […]
Ambuja Cement, ACC say no shares pledged by promoter Adani group
We would like to clarify that none of the shares of Ambuja or ACC has been pledged by Promoters. The Promoters have only provided a non-disposal undertaking and accordingly, there is no requirement of providing any top-up of shares of Ambuja and ACC or cash top-up under the acquisition financing raised last year