India invoked the peace clause for exceeding the 10% support ceiling for rice farmers, breaching WTO subsidy ceilings with $52.8B rice production and $6.39B subsidies, surpassing the 10% de minimis limit.
Kotak Institutional Equities’ Sanjeev Prasad observes the Nifty 50 index is range bound. Valuations are expensive, but macroeconomics are decent. Earnings growth faces challenges from
Flipkart Investments Private Limited divested its 6% stake in Aditya Birla Fashion & Retail. The sale occurred in a bulk deal for Rs 582 crore.
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