India has asked traders, major retailers and food processors to declare wheat stocks every Friday from April to prevent hoarding and price spikes, the government said on Friday. The world’s second-biggest wheat consumer after China has been trying to contain wheat prices after heat waves curtailed production for two straight years.
Open FlipThe intense competition in the banking industry is playing out in the mortgage market, with lenders offering cheaper home loans in a bid to attract customers. In the case of HDFC Bank, the country's largest private sector bank, the lower rates on home loans depend on the customer's credit profile. Similarly, India’s largest lender, State Bank of India (SBI) is offering existing customers.
Open FlipStocks of Indian state-owned companies have witnessed an unprecedented surge in FY24, surpassing even the performance of mid-and small-cap stocks, emerging as the remarkable champions of the market.This performance is particularly noteworthy given the pressure PSU stocks faced before embarking on their bullish momentum in 2020.
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