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    MARC ANDREESSEN AGI PRICING

    Tea industry groups back panel's proposal for minimum sustainable price as costs outpace prices

    Five tea industry associations have welcomed the government committee's recommendation for a minimum sustainable price for tea. This recommendation aims to address rising production costs that are exceeding the prices received by producers. The proposed benchmark price is linked to wage movements and consumer price indices, which will be reviewed periodically. Producers believe this pricing mechanism will help absorb wage increases and support investment in tea production.

    Govt raises price cap for electronic devices to Rs 1.8 lakh for officers; personal retention rights after 4 yrs

    The Centre has raised the purchase ceiling for laptops, tablets and similar devices for eligible government officers to ₹1.5 lakh plus taxes, or ₹1.8 lakh for devices with more than 40% Make-in-India content. Officers in Pay Level 12 and above will be eligible, while departments can extend coverage to some lower pay levels, and employees may retain the devices after four years of use.

    Gold prices near Rs 1.45 lakh/10g, silver jumps Rs 2,900/kg on MCX despite rising Fed rate hike bets. Check rates in your city

    Gold and silver recovered modestly after a sharp previous-session decline, but hotter US inflation data fuelled expectations of a December Fed rate hike. Investors also tracked international bullion prices, geopolitical developments and retail gold rates across major Indian cities.

    These 7 private and public banking stocks have an upside of up to 20% in one year, according to analyst

    When FPI money returns, there are two parts of the market that tend to draw it first: Financial services broadly, and banks within it. So the very thing that worked against these stocks when the FPIs were selling has started to work for them now that the foreigners are buying. Monday saw the first clear sign of it.

    World economy: The price of prices

    The Iran war has pushed up living costs across major economies, with Italy and France among the worst affected and the US also facing significant pressure. India has seen the sharpest inflation increase among G20 nations, though this partly reflects an unusually low inflation base earlier. Inflation in India crossed the RBI’s 4% target only in June, highlighting how the recent rise compares with relatively benign price pressures earlier.

    Johnny Depp is returning to a major studio film as Ebenezer Scrooge in Paramount’s upcoming Christmas adaptation of “A Christmas Carol.” He is also set to reunite with Penelope Cruz in “Day Drinker,” while renewed discussions about a possible “Pirates of the Caribbean” return have brought fresh attention to his Hollywood comeback.

    The Economic Times
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