Vijay Shekhar Sharma has stepped down from the Board of Paytm Payments Bank Ltd (PPBL), as announced by One97 Communications (OCL) on February 26. This decision aims to facilitate the restructuring of the board. OCL, which owns the Paytm brand, conveyed that PPBL will initiate the process of appointing a new chairman. A press release […]
The majority of G-33 nations, a coalition of developing countries within the World Trade Organization (WTO), have collectively urged all WTO members to reach a consensus and embrace a permanent solution regarding public stockholding for food security purposes. As stated in a ministerial statement on Agriculture Trade Negotiations released on February 25, most G-33 members […]
Market capitalization of eight out of the top 10 most valued companies surged by Rs 1,10,106.83 crore in the past week, with Reliance Industries Ltd (RIL) leading the gains. During this period, the 30-share BSE Sensex index rose by 716.16 points or 0.97 percent. Among the gainers were RIL, ICICI Bank, Life Insurance Corporation of […]
Indian equity indices maintained their upward momentum in the week ending February 23, building on the gains of the previous week. Despite global concerns, the Nifty50 index surged to a new record high of 22,297.50, driven by positive macroeconomic indicators and support from international markets. Investors remained optimistic despite apprehensions about escalating crude oil prices […]
India’s per capita monthly consumption expenditure saw a significant increase of 33-40 percent in the period 2022-23 compared to 2011-12, according to the latest findings from the government’s Household Consumer Expenditure Survey released on February 24. The survey revealed that rural areas experienced a 40 percent rise in per capita monthly consumption to Rs 2,008, […]
As the secondary market continues its positive momentum with the Nifty 50 reaching record levels last week, the primary market is poised for significant activity. Six IPOs, collectively valued at over Rs 3,300 crore, are scheduled to debut on Dalal Street, alongside five companies slated for listing on the bourses. Platinum Industries IPO: Leading the […]
Sebi Whole Time Member Kamlesh Chandra Varshney cautioned against market manipulations on Saturday, urging brokers to remain vigilant and prevent such activities. The Securities and Exchange Board of India (Sebi) has been actively taking measures to combat various forms of market manipulation, including front running activities, by taking action against involved entities. Varshney stressed the […]
On Saturday, the Union government issued three official notifications to declare the commencement of India’s new criminal laws or statutes starting July 1. These three newly enacted laws, known as the Bharatiya Nyaya Sanhita, the Bharatiya Nagarik Suraksha Sanhita, and the Bharatiya Sakshya Act, were ratified by Parliament during the Winter Session, where the BJP […]
Sebi’s Whole Time Member, Kamlesh Chandra Varshney, revealed on Saturday that the Securities and Exchange Board of India is utilizing Artificial Intelligence (AI) for its investigative efforts. Varshney stressed the importance for entities to stay abreast of technological advancements. With recent incidents of market manipulation in mind, he conveyed that adherence to regulations will yield […]
Poultry Industry Faces Margin Squeeze as Government Considers Maize Diversion for Ethanol Production
The Indian poultry industry is bracing for a potential surge in feed prices if the government proceeds with its plan to divert maize for ethanol production, as maize is a primary ingredient in poultry feed. With the government setting a cap of 1.7 million tonnes of sugar for ethanol production to compensate for an expected […]