Economists concerned over lower rice acreage pushing up inflation
Rice accounts for 4.4% of the Consumer Price Index basket, whereas the main staple, arhar or tur, which has also witnessed a reduction in acreage, has a 0.8% weight in retail inflation. Their combined share in food inflation is 13.2%. “Rice will become a concern if the monsoon doesn’t pick up in certain states. However, […]
Industry should take up issues on e-logs platform: DPIIT
During the meeting, major issues impacting the trade were resolved to the satisfaction of all the stakeholders, the DPIIT said. Under the national logistics policy, a new digital platform Ease of Logistics Services (e-logs) has been started. Through this portal, industry associations can directly take up issues which are causing problems in their operations and […]
Scanty rains hit kharif crop sowing
“Farmers in several parts of the country, where there is a deficiency of rainfall, are in a wait-and-see situation,” said Santosh Jhanwar, chief executive of Agriwatch, an agricultural research firm which works with more than a million farmers across the country.
Nifty PE rerating underway. Will 21,000 be the next milestone?
The Nifty50 Index is trading near its all-time high levels and has rallied by 11% following positive market sentiments. FPI flows into Indian equities have turned positive due to the upgrade in GDP growth forecasts and stability in the currency. Commodity prices have weakened, leading to the possibility of stable or lower inflation, which could […]
PKH Ventures IPO to open on Friday. What GMP signals ahead of subscription
PKH Ventures, a construction and development company, will be launching its initial public offering (IPO) on June 30. The IPO will be open for subscription until July 4, with the company’s shares currently trading at a slight premium of Rs 8-9 in the unlisted market. The IPO includes a fresh equity issue of up to […]
Decision on HDFC Bank inclusion in global indices in next quarterly index review: FTSE
FTSE Russell is expecting HDFC Bank to replace Housing Development Finance Corporation (HDFC) in the FTSE Global Equity indices after the completion of their merger. In non-market capitalisation weighted indices, HDFC will be removed but HDFC Bank will not be added. A tentative completion date for the merger has been shared, and once it is […]
Government prohibits import of cigarette lighters under Rs 20
“The import policy of cigarette lighters…is revised from ‘free’ to ‘prohibited’. However, import shall be free if CIF value is Rs 20 or above per lighter,” the directorate general of foreign trade (DGFT) said in a notification. CIF value (cost, insurance, and freight) is a trade term used in international commerce to determine the total […]
SEBI’s new norms promote transparency, accountability and investor confidence
SEBI has approved measures to strengthen the securities market and corporate governance of listed entities. These changes include allowing self-sponsored REITs and InvITs with board control or investment manager control. Unitholders with a 10% or higher holding in REITs or InvITs will have the right to nominate representatives on the boards. SEBI has also reduced […]
4 Bajaj stocks to trade ex-dividend on Friday. Do you own any?
The ex-dividend date for stocks is usually set one business day before the record date.
6 years of GST: Rs 1.5 trillion monthly tax revenues becomes ‘new normal’, focus on curbing tax evasion
Thinktank Global Trade Research Initiative (GTRI) said the most critical pending GST reform is upgradation of GST Network to prevent fake supplies and fraudulent claims of Input Tax Credit (ITC).