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rice stocks hit a record high at the start of January, reaching eight times the government's target, while wheat stocks continued to deplete as traders urged the government to increase wheat sales amid market shortages. Higher rice stocks would enable the world's biggest exporter of the staple to accelerate exports. However, dwindling wheat stocks will likely deter the government from releasing more stock to bulk consumers. Rice reserves in state granaries, including unmilled paddy, totalled 60.9 million metric tons of Jan. 1, compared to the government's target of 7.6 million tons, data compiled by the Food Corporation of India showed.

«On the higher side, 23,750 is the key area. Until and unless Nifty not crosses those level, there would not be any confidence on any kind of minor pullback. So, 23,750 needs to cross on a weekly closing basis, then only we may see some again interest on the buying side,» says Rajesh Palviya, Axis Securities. Now, what do we make of this? We have not got any support at 23,500. Rajesh Palviya: So, this is the third time where we are slipped below to 200-day moving average in the last two months. So, that clearly shows that confidence is very low in market and FII supply pressure is very high at this juncture. So, these kind of supply pressure keeps on continuing in this market. We will not be able to sustain above 200-day moving average. This is the fifth consecutive day where we are trading below to 200-day moving average for both the indices, Nifty as well as for the Bank Nifty. And Bank Nifty has shown a very deeper cut like 4.5% during this week. So, the kind of supply pressure in the banking and financial is clearly showing that still market is not trying to find any kind of bottom at this juncture. We are almost trading near to crucial support area of 23,300, which is the previous swing low, and if we look at the entire rally after the general election in June 2024, we are now almost there at that level only.

Subscribe to enjoy similar stories. Barbells; chalk; the clang of iron plates. Strength training is having a moment.

Subscribe to enjoy similar stories. Dear reader, Hello and welcome to the first edition of 2025 of Climate Change And You. It’s been two months since Sayantan and I started the newsletter, and it has been a busy time in terms of climate news.

Subscribe to enjoy similar stories. The first advance estimates released on Tuesday forecast India's growth at 6.4%, the slowest in four years. However, this number will undergo repeated revisions in subsequent releases.

Sen. Mike Crapo, R-Idaho, unpacks the tax code and tariffs proposal under President-elect Donald Trump on Kudlow.

Josh Ruben and written by a team of experienced horror writers, the movie promises suspense and unexpected twists.

Mercedes-Benz's core car sales fell in 2024, a tough year for the auto industry marked by waning demand in a weak economy, especially in key market China, the German luxury carmaker said on Friday. It sold 1,983,400 cars during the year, down 3% versus 2023, weighed down by a 7% drop in China and a 3% decline in Europe. Annual sales of battery-electric cars (BEV) dropped by 23% to 185,100 vehicles, adding pressure on the carmaker as new, harsher EU CO2 emission reduction targets take effect this year, which could potentially mean costly pooling deals or hefty fines for Mercedes if the BEV sales don't pick up.

Biden's administration announced on Friday that it's expanding sanctions against Russia's critically important energy sector, unveiling a new effort to inflict pain on Moscow for its nearly 3-year-old war in Ukraine as President-elect Donald Trump gets set to return to office vowing to quickly end the conflict. The outgoing Democratic administration billed the new sanctions as the most significant to date against Moscow's oil and liquefied natural gas sectors, the driver of Russia's economy. Officials said the sanctions, which punish entities that do business with the Russians, have the potential to cost the Russian economy upward of billions of dollars per month. More than 180 oil-carrying vessels that are suspected to be part of a shadow fleet utilised by the Kremlin to evade oil sanctions as well as traders, oil field service firms and Russian energy officials are also targeted by the new sanctions.

IRGC) has unveiled the Rezvan which is a sophisticated loitering munition drone during its Great Prophet 19 military exercise, reported Iran International. The drone actually demonstrates Iran's advanced military technological capabilities and strategic positioning in the region. According to Iran International, the Rezvan features remarkable specifications which include a 20 kilometer range and 20 minute operating time. Starting with its launch from a cylindrical container, the suicide drone eventually transmits live video to operators while enabling precise target selection and engagement. IRGC Ground Forces Commander Mohammad Pakpour claimed recent successful simulated attacks against hypothetical enemies during the exercise.

GMM Pfaudler, domestic brokerage firm Ambit has initiated coverage on the stock with a «Buy» rating and a 24-month target price of Rs 2,400, suggesting a substantial 89% upside for the stock. “GMM trades at 30x FY26E P/E (12x EV/EBITDA), a 25-35% discount to its peers given earlier growth/margin issues due to deceleration in end-user capex. Valuations should re-rate with end-user capex uptick driving earnings rebound. We bake in 9%/12%/14% rev/EBITDA/FCF CAGR and expect GMM to scale 5x over FY24-41E (7x, FY19-24),” said Ambit in its report.

wheat procurement target of 30 million tonnes for the 2025-26 rabi marketing season, sources said. The lower procurement target comes despite the Agriculture Ministry aiming for a record wheat production of 115 million tonnes in the 2024-25 crop year (July-June). For the 2025-26 rabi marketing season starting April, the minimum support price for wheat has been fixed at Rs 2,425 per quintal. The procurement target was set following discussions with state food secretaries, the sources added.

An oil tanker that burned for weeks in the Red Sea and threatened a massive oil spill has been “successfully” salvaged

Axis Securities has an equal weight call on Cholamandalam Investment & Finance Company with a target price of Rs 1,675. The current market price of Cholamandalam Investment & Finance is Rs 1,271.25. Finance, incorporated in 1978, is a Large Cap company with a market cap of Rs 106977.60 crore, operating in the NBFC sector.

BNP Paribas Securities has a neutral call on MphasiS with a target price of Rs 2,900. The current market price of MphasiS is Rs 2927.05. MphasiS, incorporated in 1992, is a Mid Cap company with a market cap of Rs 54917.92 crore, operating in the IT Software sector. MphasiS' key Products/Revenue Segments include Computer Software for the year ending 31-Mar-2024.

A senior official says Canada is looking at putting retaliatory tariffs on American orange juice, sinks, toilets and some steel products if U.S. President-elect Donald Trump goes ahead with his threat to impose 25% on all Canadian products

Steve Bannon continues to stoke the internal MAGA conflict in the early parts of the year 2025 while focusing on two primary targets which are H1-B visas and House Speaker Mike Johnson, reported Daily Beast. On his podcast, Steve Bannon pretty recently launched scathing attacks against Tesla CEO Elon Musk and Vivek Ramaswamy who support H1-B visas for the foreign tech workers.

Subscribe to enjoy similar stories. Elon Musk reiterated that his Department of Government Efficiency will try to cut $2 trillion from federal spending, but he said they may not reach that goal. “I think if we try for $2 trillion, we’ve got a good shot at getting one," Musk said Wednesday in a conversation with Mark Penn, chairman and chief executive of ad company Stagwell, that was livestreamed on Musk’s social-media platform X.

Bharti Airtel as its top pick in India’s telecom sector while highlighting growth opportunities for Indus Towers, Tata Communications, Bharti Hexacom, Sterlite Technologies, and Vodafone Idea, citing tariff hikes, rising data penetration, and the anticipated Reliance Jio IPO as key catalysts. Bharti Airtel remains the star performer, supported by its strong market position, premium subscriber base, and strategic 5G rollout. CLSA has set a target price of Rs 1,860 for Bharti Airtel, expecting its average revenue per user (Arpu) to reach Rs 290 by FY27.

InterGlobe Aviation, the parent company of IndiGo, increasing the stock’s target price to Rs 5,260 from the previous target of Rs 5,100, describing the airline as a ‘unique, strong franchise’. Jefferies has mainly focussed on IndiGo’s strong market position and the anticipation of positive developments despite recent challenges.

Subscribe to enjoy similar stories. Costco Wholesale Corp has made a business out of doing things its own way. It pioneered and perfected the high-low formula, selling bulk toilet paper and $1.50 hot dogs alongside gold bars, diamond rings and more wine from Bordeaux than any other retailer.