HUDCO declares second interim dividend of 10.50% in FY25. Record date, other details

Turmeric loses gleam as prices drop below ₹10,000/quintal in Telangana

The Golden Spice, a sobriquet for turmeric, has turned pale this year with prices falling below the ₹10,000 a quintal mark, triggering farmers’ protest in the turmeric belt of the undivided Nizamabad to take to the streets. Prices of turmeric have continued to drop over the last couple of months. Last year, prices soared to...

Rejections of non-basmati rice shipments to EU rise despite mandatory ‘certificate’

AIMPWAMarch 14, 2025

Cases of rejection of non-basmati rice consignments shipped by India to the European Union (UK excluded) due to higher than permitted pesticide residues increased between 2020 and 2024 from 3 to 37. In contrast, the number of rejection of Pakistani non-basmati rice consignments has dropped from 54 in 2020 to 2 in 2024, industry sources...

Banks see cracks in the economy as consumers blink at inflation, tariffs

AIMPWAMarch 14, 2025

Banks are seeing lower credit-card spending, while delinquencies are rising. Source link

Budget lowers India’s average customs duty rate, sends positive signal to the US: CBIC chair

AIMPWAMarch 14, 2025

New Delhi: The customs duty rejig announced in the Union budget for FY26 lowers India’s average customs duty rate sharply from 11.65% to 10.66% and sends a positive signal to India’s trading partners like the US, Central Board of Indirect Taxes and Customs (CBIC) Chairperson Sanjay Kumar Agarwal said in a post-budget interview. The comments...

Muthoot Finance crosses ₹1 lakh crore in gold loan AUM

AIMPWAMarch 14, 2025

Continuing its leadership in the gold loan sector, Muthoot Finance has surpassed ₹1 lakh crore in gold loan AUM as of March 14, 2025. The achievement comes amid a strong demand for gold loans, as credit availability from other sources, including fintech lending, unsecured loans, and microfinance, has moderated in recent months, said a press...