Cooper Financial News

Paytm E-commerce Pvt Ltd (PEPL) on Tuesday said it has partnered with ONDC and NCCF to sell tomatoes at Rs 70 per kg in Delhi-NCR. On behalf of the central government, co-operatives National Cooperative Consumers Federation (NCCF) and NAFED are already selling tomatoes at Rs 70 per kg to retail consumers through mobile vans in Delhi-NCR and a few select cities.

By Fergal Smith

New Delhi: Union minister of home and cooperation Amit Shah on Tuesday said the government has completed the first phase of mapping a database of 2.64 lakh primary cooperative societies engaged in credit, dairy and fisheries. “Mapping of about 2.64 lakh primary cooperative societies of three sectors i.e.

RBI) has imposed limitations on The National Cooperative Bank, one of Bengaluru's oldest institutions, due to its deteriorating financial status. The bank can now only pay depositors ₹50,000 across all accounts. Furthermore, the RBI has barred the bank from renewing loans, making investments, creating liabilities, making payments, or accepting new deposits.

milk products in the country. The milk procurement has increased in June 2023 by 5.6 per cent compared to last year," Fisheries, Animal Husbandry and Dairying Minister Parshottam Rupala said in a written reply to the Lok Sabha. The department periodically reviews the milk situation in the country, he said. «Based on the inputs received from major dairy cooperatives, the stock of Skimmed milk powder has increased from 1,16,002 tonnes to 1,30,000 tonnes during May 2023 to June 2023,» Rupala said. The Department of Animal Husbandry & Dairying does not regulate the procurement and sale prices of milk in the country, the minister added. «Prices are decided by the cooperative and private dairies based on their cost of production and market forces. Wholesale Price Index of fodder is in decreasing trend and it was 248 in January 2023, 237.4 in April 2023 and has moderated to 222.70 in June 2023. With the ensuing monsoon season, green fodder availability has improved,» Rupala said.

Bengaluru’s eateries are expected to hike rates by 10% from August in the wake of rising fuel, gas and milk prices, said the Bruhat Bangalore Hotel Association (BBHA). ET has learned that the association is set to meet Central and state ministers next week to discuss commodity price control. Hoteliers in the city have been warning about a potential price hike for a month, with rising commodity costs.

Amit Shah on Tuesday said he has written to leaders of opposition in Lok Sabha and Rajya Sabha that the government is ready for discussion on the Manipur issue for as long as they want. Proceedings in both Houses of Parliament remain disrupted from day one of the Monsoon session with the opposition parties demanding a statement by Prime Minister Narendra Modi on the Manipur violence before a discussion. The opposition has tried to corner the government on the Manipur violence after a video of a May 4 incident appeared recently showing two women stripped and paraded naked by a mob.

International Monetary Fund (IMF) bumped up India’s growth forecast for FY24, citing strong domestic investment while cautioning that the global economy is not “out of the woods” yet and that the world’s battle against inflation is far from over. The multilateral lender expects India to clock 6.1% growth in FY24, up from 5.9% estimated in April.

Retail milk prices that have shot up nearly 22% in three years, including about 10% in the last one year, are expected to increase further in the coming three-four months as feed and fodder prices are on the rise amid the monsoon deluge. The Department of Animal Husbandry & Dairying does not regulate procurement and sale prices of milk in the country.

Venice Film Festival, revealed the official lineup for the 80th edition of the prestigious event today. Despite successfully navigating through the challenges posed by the Covid pandemic and implementing necessary protocols, the festival is now confronted with a new obstacle – the ongoing WGA and SAG-AFTRA strikes. Unlike previous years, this time, there is anticipation for a reduced presence of high-profile Hollywood stars and a smaller US representation on the Lido. Studios are understandably cautious about launching their projects without the usual celebrity support, considering Venice's significant role as a launchpad for awards season and a prime opportunity to garner media attention for talent. Meanwhile, the Venice Film Festival has already switched its opening selection, after the movie that had been slated to open pulled out because of the ongoing Hollywood strike, organisers said. Edoardo De Angelis' «Comandante» will now open the 80th Venice International Film Festival, in place of Luca Guadagnino's «Challengers», the festival said in a statement late on Friday. «Challengers» featuring US star Zendaya, «will not participate at the Festival following a decision made by the production,» owing to ongoing industrial action in Hollywood, it said. Venice festival is set to commence on August 30 and will end on September 9 with the screening of «La sociedad de la nieve» («Society of the Snow») by Spanish director Juan Antonio Bayona, the organisers said.

As the cryptocurrency market continues to evolve, a middle-of-the-road regulatory consensus is gaining momentum, aiming to strike a balance between skepticism and optimism around crypto, Aaron Brown, a former managing director and head of financial market research at AQR Capital Management, opined in a recent piece for Bloomberg. 

Binance, the world's biggest crypto exchange, billionaire founder Changpeng Zhao – CZ – and the exchange’s former compliance chief Samuel Lim have intended to file two motions to dismiss a complaint from the Commodity Futures Trading Commission (CFTC).

leadership What makes this quarter's result more interesting for the investors is the fact that it is the first set of results under Chief Executive Hein Schumacher. It will also help investors in understanding the nature of Schumacher's strategy to revive the company's sluggish performance.

The managing director of Australia’s third largest beer group, Coopers Brewery, says his company is having its shelf and floor space for packaged beer increasingly cut back by liquor retailing giants Endeavour Group and Coles.

Doval has met top Chinese diplomat Wang Yi and discussed bilateral ties with him. The meeting took place on the sidelines of the Friends of BRICS meeting here in South Africa on Monday. The meeting came days after External Affairs Minister S Jaishankar met Wang, director of the Office of the Foreign Affairs Commission of the Communist Party of China Central Committee, in the Indonesian capital Jakarta, and discussed outstanding issues relating to peace and tranquillity in border areas.

renewable energy and storage solutions, support the deployment of zero-emission buses, and diversify clean energy supply chains. "In Chennai, Secretary Kerry will attend the G20 Environment and Climate Sustainability Ministers Meeting," the statement read. Notably, the G-20's environment and climate sustainability ministers will meet on July 28 in Chennai.

By Andrew Goudsward

Sahara cooperative societies to claim their money back and claimed a total of 158 crore as of Monday, people aware of the development said. Union home and cooperation minister Amit Shah had last week launched the Central Registrar of Cooperative Societies (CRCS)-Sahara Refund Portal for depositors of Sahara Credit Cooperative Society Ltd, Saharayan Universal Multipurpose Society Ltd, Hamara India Credit Cooperative Society Ltd, and Stars Multipurpose Cooperative Society Ltd to submit refund claims.

China, with Russia in tow, found themselves endorsing a document that embraces the Indo-Pacific as a viable regional construct. This goes against the grain of Chinese opposition to Quad.

China’s government has appealed to Japan not to disrupt the semiconductor industry after Japanese curbs on exports of chip-making technology took effect, adding to technology restrictions Washington and its allies on security grounds have imposed on Be...

PTI, US Central Command (Centcom) chief General Michael Erik Kurilla held a meeting with Chief of Army Staff (COAS) General Munir, according to a statement issued by Pakistan Army’s media wing Inter-Service Public Relations (ISPR). They discussed matters of mutual interest, regional security situation and defence cooperation between Pakistan and the US.