 "India slashes rice export duties to boost shipments, as bumper harvests promise lower prices and renewed access to global markets.")
India has reduced the export duty on parboiled rice from 20% to 10% due to rising inventories and an upcoming harvest. This change will make Indian rice more competitive globally, potentially driving prices down in countries like Thailand and Vietnam. The export duty for brown rice and husked rice has also been cut to 10%, ...
 "Gulf Oil International divests 4% stake in Gulf Oil Lubricants India for over Rs 263 crore, impacting share prices dramatically.")
Gulf Oil International Mauritius Inc. has successfully sold a 4 percent stake in Gulf Oil Lubricants India for over Rs 263 crore through open Market transactions. The sale involved approximately 1.95 million shares at an average price of Rs 1,351 each, lowering Gulf Oil International’s ownership from 71.76 percent to 67.8 percent. Notable buyers included ...
 "Crude oil prices plunge, prompting hopes for petrol and diesel price cuts in India after a prolonged freeze.")
Recent drops in crude oil prices have provided Indian oil Marketing companies with the opportunity to lower petrol and diesel prices by Rs 2-3 per litre, according to Icra. In September, crude oil prices averaged $74 per barrel, down from $83-84 earlier this year. Despite keeping fuel prices stable since March 2024, Icra suggests that ...
 "Samsung slashes S24 prices ahead of iPhone 16 launch, igniting a fierce market battle for high-end smartphone supremacy this festival season.")
Samsung has announced significant price cuts of 15-35 percent on its flagship S24 smartphone range, set to launch on Flipkart starting September 26. This strategic move comes as Samsung competes with Apple’s recently launched iPhone 16 series, which has already captured Market attention. Apple is narrowing the price gap with the iPhone 16 Pro Max, ...
 "India’s palm oil import cancellations surge as refiners respond to soaring prices and increased duties, opting for profit over purchases.")
India’s palm oil refiners have canceled 100,000 metric tons of palm oil deliveries planned for October to December, reacting to a significant rise in global palm oil prices and a recent increase in import duties. The Indian government raised import taxes on crude and refined edible oils by 20 percentage points, pushing the total duty ...
 "Rupee rises to 83.70 against the dollar, boosted by lower oil prices and positive equity markets after US rate cuts.")
The Indian rupee appreciated by 6 paise, reaching 83.70 against the US dollar in early trade on Thursday. This boost came following the US Federal Reserve’s decision to cut interest rates, which positively influenced investor sentiment. Additional support for the rupee was provided by declining crude oil prices, strong performance in domestic equity markets, and ...
 "Gold prices fluctuate as markets brace for a pivotal US Fed rate decision, amid swirling economic signals and geopolitical tensions.")
Gold prices are currently facing a slight decline, with spot gold trading down by about 0.45 percent, reaching $2,570. The October MCX gold contract closed at Rs 73,150, reflecting a 0.49 percent drop. The price dip comes after encouraging economic data from the US, including better-than-expected retail sales and industrial production figures for August. Investors ...
 "SpiceJet sets a floor price to raise Rs 3,000 crore amid financial troubles and declining stock prices.")
SpiceJet, the budget airline, has announced a floor price of Rs 64.79 per share for selling securities to qualified institutional buyers. The airline aims to raise up to Rs 3,000 crore, following approval from its shareholders last week. According to their placement document submitted to the BSE, SpiceJet might offer a discount of up to ...
 "Xiaomi unveils dramatic Redmi Smart Fire TV 4K series, featuring stunning displays, smart features, and unbeatable prices launching September 18.")
Xiaomi has launched its Redmi Smart Fire TV 4K series in India, featuring two models: a 55-inch and a 43-inch. Both TVs offer vibrant 4K resolution and High Dynamic Range (HDR) for stunning picture quality. Priced at Rs 24,999 for the 43-inch and Rs 35,999 for the 55-inch model, they will be available from September ...
 "India scrapped minimum export prices on key commodities, aiming to boost farmer incomes and curb inflation before crucial elections.")
The Indian government recently made significant changes to its export policies to stabilize farm prices and manage inflation ahead of upcoming state elections in Haryana, Jharkhand, Jammu & Kashmir, and Maharashtra. Notably, the minimum export price on onions was eliminated, dropping from $550 per tonne. Additionally, the export duty on onions was reduced from 40% ...
