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Wholesale prices have crashed 60% for chicken and 27% for eggs as companies and suppliers grapple with a reduction in demand.Online food and grocery operators such as Grofers and BigBasket as well as meat delivery companies have been extending larger discounts on chicken-based products since the weekend.
F&O data hint at overbought market, blue chips lend supportThe level (PCR by OI) of 1.87 on July 21 was the highest since April 30 this year, when it touched 1.89. When the PCR hit 1.89 levels this year, the Nifty slipped to 9,050 level from 9,900 level in one month, said analysts.
… Read MoreViral Acharya cautions India against deficit financing“Such risk has materialized unexpectedly at least once a decade over the past 30 years with several minor hiccups in between. History tells us that we ignore this risk at our own peril,” according to excerpts from Acharya’s u… Read MoreStocks in the news: ICICI Bank, ITC, HDFC Bank, Marico, Kotak Bank, TechM and InfosysHDFC's chief executive and managing director Aditya Puri has sold shares worth Rs 842.87 crore of the private lender last week.
from Stocks-Markets-Economic Times https://ift.tt/32WjQnX
… Read MoreRIL inches closer to buying Future Group’s retail businessA second person said that the deal has taken time due to disagreements over the valuation of Future Retail, the flagship of Biyani’s enterprise. Future Retail, meantime, is facing increased liquidity pressure after it missed … Read MoreRBI's money policy panel set for overhaul: 4 new faces likelyThe six-member Monetary Policy Committee will have four new faces this year: the terms of three independent people on the panel expire at the end of next month and one internal member retired in June. In addition, the inflati… Read More
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