Govt plans to accord ‘permanent approval’ to nano-fertilizers

Govt plans to accord ‘permanent approval’ to nano-fertilizers


The Indian government plans to issue permanent approval for nano-fertilizers in place of current three-year term as part of “ease of doing” business since the technology is getting adopted by farmers not only in India buy as many as 25 other countries. However, before issuing such an approval, even for new application, the Agriculture Ministry wants all the data from test results thoroughly get evaluated by experts.

Addressing the annual conference of the Fertiliser Association of India (FAI) in New Delhi, Agriculture Secretary Devesh Chaturvedi said that since nano-fertilizer is a new technology, it is natural to see some resistance. But, as the product is good for the crop and the soil, the acceptability would emerge.

He said that companies have been asked to submit test results to the government so that the approval become permanent and they do not have to re-apply every three year.

Next renewal

It is learnt that while the nano-urea of IFFCO has already been renewed for another three years, the next renewal of the product of some other companies is due in June 2026. I

However, Chaturvedi, in a veiled warning to the fertilizer industry, said that companies should desist from “tagging” nano-fertilizers or other products like bio stimulants with subsidised fertilizers. “That (tagging) actually leading to unnecessary complaints. We believe it (nano-fertilizer) is something useful. But, because it is being forced on the farmers, there is a negative thing emerging.”

He said when it becomes an imposed way of action, despite a good product, it converts into a complaint. That sort of system should be avoided, he said.

“My request to all the companies here, is that we should try educating the farmers, and we will help in that sector and will work with you, so that farmers themselves start adopting this new technology,” he said.

Wrong portrayal

Speaking with media earlier this week, IFFCO’s managing director K J Patel said already officers have been instructed not to tag any product with subsidised fertilizers. However, he said that as the retail sales points also sell non-subsidised agri inputs, many a times it is wrongly portrayed as forced sale even if it is a request from the retailer to the farmer.

But, Chaturvedi said that many times companies actually force it on the wholesalers and then the wholesalers force it on the retailers and then retailers force it on the farmers. He asked companies to analyse the reasons, find out the roadblocks when any new product faces any challenge. There is always a sort of hesitation by the farmers because of tagging, he added.

Minister of State for Agriculture Bhagirath Choudhary on December 9 told Parliament that the Indian Council of Agricultural Research’s (ICAR) five-year network project, titled ‘Evaluation of nano urea on crop productivity and nitrogen use efficiency in diverse agro-ecological zones of India’, was to understand the long-term effects of nano urea on soil nutrients, crop yield and quality.

Agronomic trials

The ICAR is doing an independent evaluation of nano-fertilizers at an estimated cost of ₹15 crore by testing its efficacy in thousands of locations across the country. However, experts have questioned how that would be fair if the project is getting funded by the producing companies.

The study actually necessitated after mixed reports from different research bodies and state universities. Separate research conducted by the Punjab Agricultural University, Indira Gandhi Krishi Vishwavidyalaya, Raipur, and Vivekananda Parvatiya Krishi Anusandhan Sansthan, Almora on different crops has found that the use of nano urea has had a negative impact on grain yield and quality.

But, agronomic trials conducted at Hyderabad, Karnal, Bengaluru, Jobner and Kalyani reported increased yield of cereals and oilseeds by 5-15 per cent after two foliar sprays of nano urea.

Published on December 11, 2025



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Rupee sinks to a new low of 90.48/dollar

Rupee sinks to a new low of 90.48/dollar


The Indian currency closed about 52 paise down against previous close of 89.9650 per US dollar. On Thursday, INR surpassed the previous week’s record low of 90.43 per dollar

The rupee on Thursday closed at a record low of 90.4825 per US dollar, weighed down by the delay in India clinching a tariff deal with the US and importer demand.

The Indian currency (INR) closed about 52 paise down against previous close of 89.9650 per US dollar (USD). On Thursday, INR surpassed the previous week’s record low of 90.43 per dollar.

Thursday’s closing low was also the intraday low. The intraday high was 89.96 per dollar.

Vikram Kasat, Head Advisory, PL Capital, said the Indian rupee weakened further and closed near a record low as a strong dollar and persistent foreign outflows kept pressure on the domestic currency.

With the Fed’s rate cut now digested and domestic cues limited, markets will take direction from global sentiment, currency trends and institutional flows in the near term, he added.

Emkay Global Financial Services, in a report, said: “Currency-related stress should continue to weigh on economic stability, leaving vulnerability elevated through Q1 calendar year 2026.” A trade deal could alleviate pressure on rupee.

Impact on India Inc

Meanwhile, Fitch Ratings observed that most Indian corporates in its rated portfolio either enjoy a degree of natural hedging against movements in the value of the Indian rupee or generally fully, or substantially, hedge their foreign currency obligations.

Nonetheless, in sectors with significant vulnerability to rupee depreciation, the rating agency anticipates that a hypothetical failure by issuers to substantially mitigate foreign-exchange (FX) risks through hedging could put downward pressure on ratings.

Fitch noted that its portfolio of issuers in the renewables, power utility and toll road sectors generally earn revenues in local currency and lack natural hedges, making them more vulnerable to rupee depreciation.

Some companies in these industries have fully or substantially hedged their foreign-currency debt coupon and principal obligations, either via hedging instruments or through maintaining foreign-currency borrowings at less than 20 per cent of consolidated debt, the agency said. Rupee depreciation is unlikely to influence these companies’ ratings.

“Other issuers in these sectors are only partially hedged, for example, with some or all principal repayments being exposed beyond certain levels of exchange-rate movement, although coupon payments are generally fully hedged across issuers.

“Even for these issuers, we do not expect a significant ratings impact if the rupee is marginally weaker than under our rating case, which currently sees the currency at INR87:USD1 by 2026-end, from around INR90:USD1 as of December 9,” said Fitch.

This is largely due to structural protections against FX risk exposures, such as parent company guarantees, interest coverage via intra-company loans, earmarked liquidity for FX outflows, and cash-trap mechanisms.

Published on December 11, 2025



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Sensex rebounds 427 points as rupee plunges to record low against dollar

Sensex rebounds 427 points as rupee plunges to record low against dollar


Market breadth remained positive with 2,397 stocks advancing against 1,786 declines on the BSE

Equity benchmarks snapped a three-session losing streak on Thursday, with the Sensex rising 426.86 points or 0.51 per cent to close at 84,818.13, even as the rupee plunged to a record low of 90.48 against the US dollar, raising concerns over imported inflation and currency volatility.

The Nifty 50 gained 140.55 points or 0.55 per cent to settle at 25,898.55 after testing crucial support levels during early trade. The index fell to an intra-day low of 25,693 before staging a sharp recovery of nearly 229 points to close near the day’s high, signalling renewed buying interest at lower levels.

“Equity markets ended higher on Thursday as the widely-expected 25 bps rate cut by the US Federal Reserve lifted investor sentiment. However, the gains were partly capped by a sharp fall in the Indian rupee to a fresh record low, which kept currency-related worries elevated,” said Ponmudi R, CEO, Enrich Money. “Fresh concerns over delays in achieving meaningful progress in the India-US trade negotiations also weighed on risk appetite, limiting broader upside for domestic equities.”

Highs and lows

Market breadth remained positive with 2,397 stocks advancing against 1,786 declines on the BSE, where 4,341 stocks were traded. A total of 85 stocks hit their 52-week highs while 166 touched their 52-week lows. Four stocks hit the lower circuit, while none touched the upper circuit.

Adani Enterprises led the Nifty gainers, surging 2.65 per cent to close at ₹2,270.20, followed by Jio Financial Services, which climbed 2.63 per cent to ₹298.50. Tata Steel advanced 2.57 per cent to ₹166.40, while Eveready Industries gained 2.38 per cent to ₹290. Kotak Mahindra Bank rounded off the top five gainers with a 2.06 per cent rise to ₹2,173.30.

On the losing side, Asian Paints declined 1 per cent to ₹2,776.50, emerging as the top loser. SBI Life Insurance fell 0.86 per cent to ₹1,997.10, while Bharti Airtel shed 0.63 per cent to ₹2,054. Power Grid Corporation dropped 0.28 per cent to ₹264.75, and ONGC slipped 0.22 per cent to ₹238.76.

Sectoral indices witnessed broad-based gains with the Capital Market index outperforming, rallying 2.70 per cent. The Nifty Midcap 100 surged 0.97 per cent to 59,578.05, while the Nifty Smallcap 100 advanced 0.81 per cent to 17,228.05. The Nifty Bank rose 0.42 per cent to 59,209.85, Nifty Financial Services gained 0.58 per cent to 27,561.90, and the Nifty Next 50 added 0.54 per cent to close at 67,939.50.

“Markets staged a rebound on the weekly expiry day, rising nearly 0.5 per cent after three consecutive sessions of decline,” said Ajit Mishra, SVP Research at Religare Broking. “Buying across IT, auto, metals, realty and banking helped offset recent weakness, supported by a decline in India VIX and positive global cues after Wall Street strengthened post the Fed policy outcome. Meanwhile, steady domestic sentiment was reinforced by robust equity inflows of ₹29,894 crore in November.”

Currency market

The currency markets witnessed significant turmoil with the rupee depreciating 41 paise to close at 90.37 per dollar. “The rupee plunged to a record low against the US dollar yesterday, a move largely fuelled by aggressive dollar purchases from the importers. Specifically, surging global prices for precious metals enforced metal importers into rush for dollars, creating immense pressure,” said Dilip Parmar, Research Analyst at HDFC Securities. “Looking ahead, the immediate market resistance for the spot USDINR pair now sits at 90.70 and the crucial support level has shifted significantly higher to 90.10 from the prior mark of 89.70.”

NSE cash market turnover declined 17 per cent from the previous session, marking its lowest level in four months. The BSE advance-decline ratio improved to 1.40, signalling a revival in buying interest following the previous session’s correction.

“Technically, after an early morning intraday dip, the market took support near 25,700/84150 and bounced back sharply, with the market rallying over 200/700 points from the day’s lowest point,” said Shrikant Chouhan, Head Equity Research at Kotak Securities. “We believe that 25,850/84500 and 25,700/84150 would act as key support zones. On the higher side, 25,950/85000 would act as an immediate resistance area for the bulls.”

Looking ahead, market participants will closely monitor the rupee’s movement and its impact on corporate earnings, particularly for import-dependent sectors. Nandish Shah, Deputy Vice President at HDFC Securities, noted that “a decisive move below 25,735 could trigger further downside towards the next support levels at 25,663 and 25,450. On the upside, the 20-DEMA at 25,956 is likely to act as immediate resistance, while 26,202 remains a positional hurdle for the bulls.”

Published on December 11, 2025



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OMO auction for G-Secs purchase fully subscribed; banks get ₹50k liquidity

OMO auction for G-Secs purchase fully subscribed; banks get ₹50k liquidity


The first OMO auction conducted by RBI worth ₹50,000 crore was fully subscribed and the cut-off came better than expected, supporting the uptrend in prices, it added.
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The open market operation (OMO) purchase of seven Government Securities (G-Secs) conducted by the Reserve Bank of India (RBI) on Thursday to infuse liquidity aggregating ₹50,000 crore into the banking system was fully subscribed. This came amid yields of G-Secs thawing in the second market.

The aforementioned OMO purchase auction is part of the liquidity injection measures announced by the RBI in its bi-monthly monetary policy review. It comes a day ahead of the weekly sale of two G-Secs aggregating ₹28,000 crore by the Government.

Thawing G-Sec yields, which tracked lower US Treasury yields, provided a favourable backdrop of the OMO auction, with the yield of the benchmark 10-year G-Sec (6.33 per cent GS2035) softening about 5 bps from 6.66 per cent to 6.61 per cent.

One more OMO auction for infusing ₹50,000 crore is scheduled on December 18th. This auction will be preceded by a USD/INR Buy/Sell Swap auction of $5 billion for a tenor of three years on December 16, 2025.

Venkatakrishnan Srinivasan, Founder & Managing Partners, Rockfort Fincap LLP, observed that the Indian government bond yields have swung sharply over the past few days, underscoring the market’s sensitivity to both domestic pressures and global cues.

The 10-year benchmark, which was trading around 6.51 per cent pre-policy, surged to nearly 6.66 per cent after the RBI’s rate cut, reflecting concerns around record rupee weakness, subdued FPI participation and the overhang of global tariff uncertainty, Venkatakrishnan said.

“The initial reaction made it clear that a 25-basis-point repo cut alone was insufficient to boost the bond market at a time when macro headwinds were intensifying. “What finally stabilised today’s market sentiment was the RBI’s follow-through action. As outlined in the policy, the central bank conducted a well-received ₹50,000-crore OMO purchase, injecting liquidity across a wide set of maturities while keeping the benchmark 10-year out of the basket to maintain market integrity,” he said.

Coupled with the US Federal Reserve’s own 25-basis-point rate cut yesterday evening —which pushed US Treasury yields lower—the domestic OMO provided much-needed breathing space for market participants.

10-year benchmark yield

As a result, the 10-year benchmark yield softened to around 6.61 per cent today, reversing part of the post-policy spike and signalling that investors are willing to re-engage when liquidity support is credible. Nuvama Wealth, in a report, noted that over the day, value-buying was witnessed tracking lower US Treasury bond yields after the US Fed Powell sounded less hawkish in the press conference amid a cut rate of 25bps.

The first OMO auction conducted by RBI worth ₹50,000 crore was fully subscribed and the cut-off came better than expected, supporting the uptrend in prices, it added.

Venkatakrishnan said: “The key question now is whether this relief will sustain. While the OMO has offered immediate comfort, structural pressures remain: the rupee is still at all-time lows, FPIs have not meaningfully returned, and global policy uncertainty continues to hover. These factors may keep upward pressure on yields unless domestic macro stability improves.

“For the moment, the combination of the Fed cut and RBI’s decisive OMO action has helped arrest Indian government bond yields for now.”

Published on December 11, 2025



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US फेड के रेट कटौती से 3 दिनों की गिरावट के बाद संभला बाजार, 427 अंक चढ़ा सेंसेक्स

US फेड के रेट कटौती से 3 दिनों की गिरावट के बाद संभला बाजार, 427 अंक चढ़ा सेंसेक्स


Stock Market News: यूएस फेडरल रिज़र्व द्वारा ब्याज दरों में कटौती का वैश्विक बाजारों पर स्पष्ट प्रभाव दिखाई दिया है. लंबे समय से कमजोर धारणा और लगातार तीन दिनों की गिरावट के बाद भारतीय शेयर बाजार ने गुरुवार को मजबूत वापसी की. अमेरिकी फेड की बैलेंस्ड पॉलिसी और 0.25 प्रतिशत की रेट कटौती ने निवेशकों में नई ऊर्जा भर दी, जिसके चलते सेंसेक्स और निफ्टी दोनों ने बढ़त के साथ कारोबार समाप्त किया. बाजार में वाहन और मेटल सेक्टर की तेजी सबसे अधिक प्रभावी रही, जिसने दिन भर उतार-चढ़ाव के बावजूद सूचकांकों को मजबूती दी.

बीएसई का 30 शेयरों वाला सेंसेक्स शुरुआती कमजोरी से उबरते हुए 426.86 अंक यानी 0.51 प्रतिशत की बढ़त के साथ 84,818.13 पर बंद हुआ. ट्रेडिंग के दौरान एक तरफ जहां यह 84,150.19 के निचले स्तर तक फिसला था, वहीं ऊपरी स्तर पर यह 84,906.93 तक भी पहुंचा. इसी तरह एनएसई निफ्टी ने भी 140.55 अंक यानी 0.55 प्रतिशत की मजबूती दिखाई और 25,898.55 पर बंद हुआ. दिन के उच्चतम स्तर पर निफ्टी 25,922.80 तक पहुंच गया था, जो निवेशकों में बढ़ते भरोसे को दर्शाता है.

चढ़े इन कंपनियों के शेयर

बाजार में तेजी का सबसे बड़ा सहारा उन कंपनियों को मिला जिनके शेयरों ने मजबूत प्रदर्शन किया. सेंसेक्स की प्रमुख कंपनियों में इटर्नल, टाटा स्टील, कोटक महिंद्रा बैंक, अल्ट्राटेक सीमेंट, मारुति सुजुकी, सन फार्मा, एचडीएफसी बैंक, टेक महिंद्रा, टाटा मोटर्स, इन्फोसिस, महिंद्रा एंड महिंद्रा, रिलायंस इंडस्ट्रीज और एचसीएल टेक तेज़ी में रहे. बेहतर मांग, नतीजों में सुधार और सेक्टोरल मजबूती ने इन कंपनियों को ऊंचाई तक पहुंचाया. दूसरी ओर एशियन पेंट्स, बजाज फाइनेंस, पावरग्रिड, आईसीआईसीआई बैंक, भारती एयरटेल और टाइटन में गिरावट देखी गई, जिससे यह स्पष्ट हुआ कि बाजार में सेक्टर-वार अंतर अभी भी कायम है.

विश्लेषकों का मानना है कि फेड की रेट कटौती ने न केवल भारतीय बाजार बल्कि वैश्विक निवेश धारणा को नई दिशा दी है. जियोजीत इन्वेस्टमेंट्स लिमिटेड के रिसर्च हेड विनोद नायर के अनुसार, अमेरिका में 10 साल की बांड यील्ड में आई कमी का मतलब है कि विदेशी संस्थागत निवेशकों की ओर से निकट भविष्य में आक्रामक निवेश की संभावना कम हो सकती है. हालांकि अल्पकालिक आधार पर यह कदम उभरते बाजारों के लिए राहत लेकर आया है. साथ ही, भारत के ऑटो सेक्टर में मांग उम्मीद से अधिक मजबूत है, जिसके चलते इस सेक्टर ने बाजार के समग्र प्रदर्शन को सहारा दिया. आईटी सेक्टर ने भी खर्च बढ़ने की उम्मीद के चलते बढ़त हासिल की.

क्या कहते हैं एक्सर्ट्स

वैश्विक बाजारों की बात करें तो एशिया में अधिकांश सूचकांक गिरावट में रहे. जापान का निक्की, हांगकांग का हैंग सेंग, दक्षिण कोरिया का कॉस्पी और चीन का शंघाई कंपोजिट सभी दबाव में रहे. एआई कंपनियों के ओवरवैल्यूएशन और जापान में बढ़ती बॉन्ड यील्ड ने क्षेत्रीय बाजारों की धारणा पर नकारात्मक असर डाला. यूरोपीय बाजारों में दोपहर के कारोबार के दौरान तेजी का माहौल था, जबकि अमेरिकी बाजारों ने बुधवार को मजबूती दर्ज की थी.

विदेशी संस्थागत निवेशकों ने बुधवार को 1,651 करोड़ रुपये की बिकवाली की, जिससे बाजार पर थोड़ा दबाव बना रहा. वहीं घरेलू संस्थागत निवेशकों ने लगभग 3,752 करोड़ रुपये की खरीदारी कर बाजार को स्थिरता दी. कच्चे तेल के अंतरराष्ट्रीय मानक ब्रेंट क्रूड की कीमत 1.22 प्रतिशत गिरकर 61.45 डॉलर प्रति बैरल पर आ गई, जो भारतीय अर्थव्यवस्था के लिए सकारात्मक संकेत है.

ये भी पढ़ें: Uber ने बेंगलुरु में शुरू की बी2बी लॉजिस्टिक्स सेवाएं, जानें क्या होती है B2B और B2C सेवाएं

डिस्क्लेमर: (यहां मुहैया जानकारी सिर्फ़ सूचना हेतु दी जा रही है. यहां बताना जरूरी है कि मार्केट में निवेश बाजार जोखिमों के अधीन है. निवेशक के तौर पर पैसा लगाने से पहले हमेशा एक्सपर्ट से सलाह लें. ABPLive.com की तरफ से किसी को भी पैसा लगाने की यहां कभी भी सलाह नहीं दी जाती है.)



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Marquee investors pump in ₹4,815 cr in ICICI Prudential AMC pre-IPO placement

Marquee investors pump in ₹4,815 cr in ICICI Prudential AMC pre-IPO placement


The initial public offering of ICICI Prudential Asset Management has received ₹4,815 crore investment through a pre-IPO placement from 26 marquee investors including Prashant Jain, the Jhunjhunwala family, Manish Chokani and Madhusudan Kela.

The largest asset management company, in consultation with the book running lead managers to the IPO, has undertaken a private placement of 2.22 crore equity shares for cash consideration, at an issue price of ₹2,165 per equity share.

The offer saw participation from leading names such as Lunate Capital (Abu Dhabi-based sovereign fund), the estate of late Rakesh Jhunjhunwala, The Regents of the University of California – IIFL Asset Management, Sarv Investments, 3P India Equity Fund (managed by Prashant Jain), PI Opportunities Fund – II, 360One Funds, DSP India Fund, Whiteoak Capital India Opportunities Fund, HCL Capital, Manish Chokani and Madhusudan Kela, to name a few.

Insurance companies such as SBI Life Insurance, HDFC Life Insurance, Kotak Life Insurance, Aditya Birla Sun Life Insurance, Bajaj Life Insurance, TATA AIG General Insurance, and Go Digit General Insurance, too, participated in the pre-placement.

Kedaara Capital Public Markets Fund, TIMF Holdings, Malabar India Fund and Clarus Capital I are some of the other investors.

ICICI Bank has also invested ₹2,140 crore for an additional 2 per cent stake in the company.

The IPO is an offer-for-sale of up to 48,972,994 shares by the promoter Prudential Corporation Holdings.

As of September-end, its total mutual fund QAAUM was ₹10.15 lakh crore.

Published on December 11, 2025



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