Latest Sectors News
The government is set to link fertiliser sales with the national AgriStack database. This digital initiative aims to prevent the misuse of subsidised nutrients and monitor farm-level usage. Authorities will match fertiliser purchases with farmer IDs and land details. This will help identify excessive buying and estimate nutrient needs. View More
New Delhi: The Centre is planning to integrate fertiliser sales with the national AgriStack database in a digital push to curb diversion of subsidised nutrients , track farm-wise consumption and tighten subsidy targeting, said officials. As per the proposed plan, fertiliser purchases will be matched with a farmer's ID and landholding, crop sown and acreage, enabling authorities to flag excess buying and estimate nutrient requirement at the farm level. Digital crop surveys, artificial intelligence (AI)-based analytics and satellite imagery will be used to create farm-level fertiliser consumption profiles. Also read: Adequate availability of fertilisers for upcoming Kharif sowing season: Govt "The idea is to create an authenticated digital trail from land parcel to fertiliser purchase," said a senior government official, who did not wish to be identified. The move comes amid persistent concerns over diversion of subsidised fertilisers, black marketing and excessive urea usage. A pilot is currently running in Haryana and Madhya Pradesh, and the government is looking to roll it out across India from the next financial year, according to officials. Live Events "If fertiliser offtake is disproportionate to acreage or crop requirement, the system will throw up alerts," the official said. ET BureauPurchases to be matched with farmers’ ID and landholding, crop sown and acreage The government is positioning AgriStack as the backbone for future delivery of farm subsidies, crop insurance , agricultural credit and advisory services through authenticated farmer IDs, which could eventually help forecast fertiliser demand, curb diversion and reduce panic buying, said a second official. Digitisation of land records The government has earmarked ₹13,000 crore in this fiscal year for states to create digital agriculture architecture under the Special Assistance to States for Capital Investment scheme. The scheme incentivises states to digitise land records, build verified farmer registries and integrate agricultural databases with AgriStack. The government has a database of farmers under the PM Kisan scheme , but it is not linked with land records. It is now planning to link farmers' databases with agricultural land records by the end of this year. A mechanism is being worked out to include tenant farmers and sharecroppers within the framework, the second official said. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
In a court filing, Blanche said the incident demonstrated why the administration considers the ballroom project essential to national security. View More
Individuals making overseas property payments via international credit cards should be aware of FEMA regulations. Such transactions may invite scrutiny, especially if not routed through authorised channels. Details here. View More
Zepto is preparing for a potential $1 billion IPO, with a public filing expected in June and launch targeted for July. The quick-commerce firm plans to use proceeds for expansion as India’s IPO market seeks renewed momentum amid slowing deal activity and global economic concerns. View More
Rapid-commerce firm Zepto Ltd. is preparing to publicly file in the first half of June for an initial public offering that may raise up to $1 billion, according to people familiar with the matter. The 10-minute delivery platform is likely to begin investor roadshows later next month, and is targeting an IPO launch as early as July, the people said, asking not to be identified because the information is private. The offering is expected to include a fresh issue of shares as well as secondary share sales by existing investors, with proceeds likely to fund expansion, the people said. Deliberations are ongoing and details including the size and timing of the IPO may still change, they said. Zepto’s offering may become only the second billion-dollar IPO in India this year, after SBI Funds Management’s planned share sale. The deals may help revive momentum in a market slowed by weak dealmaking as investors assess the economic fallout from the Iran war. Local companies have raised a combined $3.5 billion through first-time share sales so far in 2026, far below the record levels of the previous two years. Representatives for Zepto declined to comment. Live Events The company achieved a $7 billion valuation in its last $450 million funding round in October. It competes with Amazon.com Inc.’s India unit as well as local rivals including Swiggy Ltd. , Eternal Ltd. ’s Zomato and Tata Group-backed BigBasket. Zepto is working with Axis Capital Ltd. , Motilal Oswal Investment Advisors Ltd. and the local units of Morgan Stanley, HSBC Holdings Plc and Goldman Sachs Group Inc. on the share sale. The company confidentially filed draft IPO papers at the end of December and received regulatory observations on May 10. Under local rules, companies are required to make their prospectuses public for at least 21 days before launching an offering. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
Harikanta Overseas IPO worth ?24.30 crore is entirely a fresh issue of 0.27 crore shares, priced in the range of ?86 to ?91 apiece. Since the SME IPO has no offer-for-sale (OFS) component, all proceeds will be received by the company. View More
The job market is changing; AI is prompting me to adapt by enhancing my skills and expanding my network. Check how ChatGPT helped me improve my job search. View More
Yaashvi Jewellers IPO runs from May 25 to May 27, priced at ?83 per share. The company aims to raise ?44 crore for working capital and debt repayment. Currently, the IPO subscription status is 2%, with the retail portion at 4% and NII at 1%. View More
NBCC's Q4FY26 profit came in at ?253.51 crore compared with ?182.66 crore in the same period last year, recording a growth of 38.78%. View More
Vietnam's prices are up as domestic stocks dwindle. Thailand's export rates have also increased. Pre-arranged sales and internal factors are influencing these price hikes. Production concerns are also emerging. View More
Indian and Vietnamese rice export prices edged higher this week on a slight improvement in demand, while Thai traders attributed their country's rise in export rates to pre-arranged sales and internal factors. India's 5% broken parboiled variety was quoted this week at $336-$343 per metric ton, versus last week's $333-$340. Indian 5% broken white rice was priced at $337-$342 per ton. Buyers are turning to Indian rice as supplies are significantly cheaper than those from Thailand and Vietnam, said a Kolkata-based trader. Vietnam's 5% broken rice was offered at $410-$415 per ton, up from $395-$400 a week ago. "Demand is picking up while domestic supplies are getting thinner," a Ho Chi Minh City-based trader said. Live Events "Vietnam earlier this month reached a deal with the Philippines to export 1.5 million tons to this market for delivery through April next year and I think this is broadly positive for the market," the trader said. Vietnam exported 472,099 tons of rice in the first half of May, raising the country's total rice shipments so far this year to 3.85 million tons, according to government customs data. Thailand's 5% broken rice was quoted at $440-$465 per ton, up from $415 last week, traders in Bangkok said. "Regular customers are making deliveries, causing exports to buy at higher prices," said one trader, adding that production may have declined and markets were waiting to see to the July harvest. Another trader said internal factors helped push up prices, especially for animal feed. "Exporters have pre-arranged sale contracts so they must buy at higher prices," said another trader. "Rice millers said that they can sell despite the higher prices," the trader added. On supply, the El Nino phenomenon will reduce production in the next crop, the trader said. El Nino, a climate phenomenon characterized by the abnormal warming of sea surface temperatures in the central and eastern tropical Pacific Ocean, is likely to develop soon, with an 82% probability during May-July 2026, the U.S. Climate Prediction Center said last week. Meanwhile, Bangladesh has started procuring rice from farmers to help stabilise the market. Rice prices have remained elevated as heavy pre-monsoon rains destroyed more than 200,000 metric tons of the staple. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now!