Wholesale price index

Synopsis “Maruti Suzuki's numbers for passenger vehicles are 1,47,000 against 1,29,000 last year. That is a growth of about 14.5% and we did add through our inventory because our retails were 1,02,000. That was expected because of the low inventories which we began the month with. . That was expected because of the low inventories which we began the month with.” “If one looks at numbers for January, the demand parameters for both the bookings as well as the inquiry levels have been pretty good. In fact, its 17%-18% higher than last year despite the fact that there has been a price hike by most OEMs including Maruti Suzuki . We hiked our prices by almost 1.1% on a weighted basis,” says Shashank Srivastava , ED, Maruti Suzuki. The January sales for Maruti were way better than what the Street was expecting. What exactly helped this time and should we expect the number of 1.7 lakh units to continue in the coming months as well? Yes, it all really depends on … [Read more...] about Will Maruti Suzuki need more price hikes to normalise margins? Shashank Srivastava answers

New Delhi: The government does not intend to import wheat from outside, the Department of Food and Public Distribution informed on Sunday. The Food Corporation of India has enough stock for public distribution, and there are also enough stockpiles in India to fulfil domestic demand, it stated. In response to a news report, the department on its official Twitter handle writes: "There is no such plan to import wheat into India. Country has sufficient stocks to meet our domestic requirements and @FCI_India has enough stock for pubic distribution." Before the rabi harvest earlier this year, severe heatwaves in India's wheat-growing areas had an impact on certain wheat harvests. According to the Union Ministry of Agriculture and Farmers Welfare's fourth advance estimate of crop output, wheat production for the years 2021–22 would amount to 106.84 million tonnes, down from the previously announced forecast of 111 million tonnes. Wheat export demand increased as the … [Read more...] about ‘No Plans To Import Wheat Into India’: Govt Refutes Report Says Have ‘Sufficient Stock’

Synopsis Prices on the daily chart are continuously showing an effort to close above their 200-EMA placed at 17,550 levels. From the past five days, Nifty is hovering within the range of 17,900–17,400 levels. Any breakout or breakdown above or below the mentioned levels will trigger the next directional move in the benchmark index Headline index Nifty today formed a bullish candle with minor upper and lower shadows, indicating that the market is in a near-term bottom reversal mode and the Nifty is expected to show a pullback rally in the coming sessions. Now, it needs to cross and hold above 17,650 zones, for an up move towards 17,777 then 17,950 zones whereas supports are placed at 17,500 and 17,350 zones, said Chandan Taparia of Motilal Oswal . Fear gauge index India VIX moved down 6.24% from 16.78 to 15.73 levels. Volatility cooled down from higher levels and needs to hold below 14 zones for market stability. Option data suggests a broader trading range … [Read more...] about Nifty charts hint at chances of pullback rally. What traders should do on Friday

The Rajya Sabha this month cleared the Energy Conservation (Amendment) Bill, 2022, which besides pushing for use of non-fossil energy sources, also seeks to promote a domestic carbon credit market to fight climate change. Indian farmers, especially the climate change-affected small tea farmers, hold immense potential to play a leading role in this carbon market. New technologies and digital connectivity are already pairing carbon credit systems with farmers globally, to unlock opportunities for the farming communities who are incentivised to move to climate-positive and regenerative agriculture that rewards them financially. LOOKING AHEAD | [email protected] Climate Change Is Affecting Tea Yield India is the second largest tea producer in the world and more than half of the country’s production comes from a single state, Assam. The north-eastern state, according to a climate vulnerability index, was recently identified as one of the most climate-vulnerable states in India. As per an … [Read more...] about Climate Change Is Affecting Tea Farming In India And How Carbon Credit Markets Can Be Solution