 "India’s import tax hike on edible oils aims to support struggling farmers, dramatically impacting global prices amid election pressures.")
India has increased import taxes on crude and refined edible oils by 20 percentage points to support local farmers facing low oilseed prices. This decision raises the total import duty on palm oil, soyoil, and sunflower oil to 27.5%, significantly impacting the prices of these oils and potentially reducing demand from overseas. The new duties ...
 "Stock markets face uncertainty as investors react to global trends and await crucial economic data, with oil prices hovering low.")
On Wednesday, September 11, 2024, India’s stock Market is set to open cautiously, following global trends. The Sensex and Nifty indices are expected to show mixed results, with GIFT Nifty futures down 5 points at 25,092. Investors are closely watching oil prices, which are nearing three-year lows, and the recent OPEC cuts in crude demand ...
 "Bavarian Nordic faces pressure to lower mpox vaccine prices as African nations struggle to afford costly shots amidst rising outbreaks.")
Bavarian Nordic A/S’s mpox vaccine pricing is becoming a major hurdle in securing millions of doses for African nations facing health crises. With the price set at around $100 to $141 per dose, it far exceeds what many African countries can afford, especially given ongoing health challenges like cholera and malaria. As UNICEF and other ...
 "Home Prices Soar Amid Tight Supply and Falling Mortgage Rates in 2024")
A recent Reuters poll suggests that average home prices in the U.S. are expected to rise by 5.4 percent in 2024, with further increases projected for the following years. The forecast is influenced by anticipated drops in mortgage rates, which could improve affordability for buyers. However, tight housing supply continues to pressure the Market, making ...
 "India’s Energy Market Soars: Prices Plummet Amid Renewable Revolution")
In August 2024, the Indian Energy Exchange (IEX) reported a significant rise in total trade volume, increasing by 35.8% year-on-year to reach 12,040 million units. Electricity trading also grew, with a 17.1% rise to 9,914 million units. The Market Clearing Price in the Day-Ahead Market dropped 38% to Rs 4.28 per unit, while the Real-Time ...
 "Maruti Suzuki Cuts Prices Amid Sales Decline of Mini Cars")
Maruti Suzuki India Limited (MSIL) has announced price cuts for specific variants of its popular mini cars, the Alto K10 and S-Presso, in response to declining sales. Effective from September 2, the prices have been reduced by up to Rs 6,500. In August, the company sold only 10,648 units of these models, marking a 12.8% ...
 "LPG Prices Surge: A Shift Amidst Market Turmoil and Economic Forces")
Oil Marketing companies have recently raised the price of a 19 kg commercial LPG cylinder by Rs 39, making the new price in Delhi Rs 1,691.50. This increase follows previous reductions, where the price was lowered multiple times since May. Back in July, companies had cut the cylinder price by Rs 30 to Rs 1,646, ...
 "Land Prices Skyrocket in Ayodhya Post Ram Temple Consecration Ceremony")
Following the consecration of the Ram Temple in Ayodhya earlier this year, land prices in the temple town have surged significantly. Next month, the circle rate for land in the Sadar tehsil will increase by up to 200%, marking the first revision since 2017. This hike comes as a response to rising demand from investors, ...
California home prices have skyrocketed to a new all-time high, breaking records and causing concern for potential homebuyers. The real estate Market in the Golden State continues to thrive, with prices reaching unprecedented levels. The surge in home values reflects the strong demand for housing in California, making it increasingly challenging for individuals looking to ...
Today’s Current Affairs: Mahindra Thar Prices Revised Mahindra has recently increased the prices of certain variants of its popular lifestyle SUV, the Mahindra Thar. The base variant now starts at Rs 11.35 lakh (ex-showroom) and goes up to Rs 17.6 lakh (ex-showroom) for the most expensive variant. This move comes after the launch of the ...
