ANIMAL TRADING
Man caught smuggling over 100 live snakes hidden in trousers
A man has been caught trying to smuggle over 100 live snakes into mainland China by cramming them into his trousers, according to the country's customs authority. "Once opened, each bag was found to contain living snakes in all kinds of shapes, sizes and colours," it added.
Commerce ministry developing platform for registration, resolution of non-trade barriers
"We are making a portal so that we can prioritise all the NTBs. Traders will register their complaints and the ministry will pursue that," the official said. In cases where the barrier is impacting a large volume of goods will be prioritised for their redressal and action-taking.
"It's all happening again": The supply chain is under strain
The intensifying upheaval in shipping is prompting carriers to lift rates while raising the specter of waterborne gridlock that could again threaten retailers with product shortages during the make-or-break holiday shopping season. The disruption could also exacerbate inflation, a source of economic anxiety animating the U.S. presidential election.
China says escalation by EU over EV imports could trigger 'trade war'
Last week, the European Commission proposed tariffs of up to 38.1% on electric vehicle imports from China despite Beijing's protest, plunging trade ties to a new low and risking punitive retaliatory action. "The European side continues to escalate trade frictions and could trigger a 'trade war'," a statement attributed to the commerce ministry's spokesperson said. "The responsibility lies entirely with the European side."
Retail investors play with a time bomb but RBI and Sebi are watching
Futures and options (F&O) trading involves contracts that derive their value from an underlying asset, such as stocks and commodities. Futures contracts obligate the buyer and seller to transact at a predetermined future date and price, while options give the holder the right, but not the obligation, to buy or sell the asset at a set price within a specific period.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 24%
Last few days of movement of the Nifty and Sense will make a number of people forget about what happened in March this year. The fact is that when valuations are high and they are even if takes into account the Q4 numbers. The probability of volatility hitting the street is always high. So, it would be better to stay ready for volatility both for domestic and global reasons. At this point of time, one cannot rule out sudden profit booking which can bring more damage to stock prices in the mid-cap segment. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time.
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King Charles III painting vandalized by animal rights activists
The painting is protected by a sheet of plastic and wasn't damaged, according to the Philip Mould Gallery, where it is on display.
Nearly a dozen houses bulldozed in Mandla, Madhya Pradesh after police find beef in fridge
In Mandla, Madhya Pradesh, authorities demolished houses of 11 individuals built on government land after discovering illegal beef trade. Police, acting on a tip-off, found 150 cows and beef in their homes. An FIR was filed, one arrest made, and remaining suspects are being sought. The local veterinarian confirmed the seized meat as beef, and the cows were relocated to a shelter.
Indian exports: How Modi 3.0 can navigate the protectionist tides in advanced economies like US and EU
India has transitioned from a decade of single-party rule to a new era of coalition politics, causing concern among stock market investors about potential slowdowns in economic reforms. Rising protectionist measures from advanced economies like the US and EU pose challenges for Indian exporters, with stringent regulations on products ranging from chemicals to food items. The impact of these barriers could disproportionately restrict India's economic objectives and competitiveness, particularly in key sectors like textiles and apparel.
China risks trade war on two fronts as low-tech exports soar, too
Rising trade tensions as the EU, US, and potentially Canada impose tariffs on Chinese electric vehicles, are impacting global trade dynamics.
Adopting global standard, infra, risk-based regulation to help India improve quality of goods for exports: GTRI
The GTRI also recommended support to SMEs, avoiding quality control orders becoming non-tariff barriers, regulatory impact assessment, developing globally acceptable standards and inking mutual recognition pacts with trading partners to strengthen India's quality systems.
Inside the illicit trade of exotic animals from Myanmar to India
The civil war in Myanmar and resultant anarchy in border areas have given a new life to the smuggling of wildlife—from marmoset monkeys to green anacondas—to India. A complex network of wildlife smuggling involving exotic animals from various countries being trafficked through Myanmar to Indian metro cities like Kolkata.
Global pact on genetic resources, associated traditional knowledge big win for India: Govt
Members of the Geneva-based World Intellectual Property Organization (WIPO) have concluded an agreement that creates a mandatory disclosure requirement on the patent applicant, when a claimed invention is based on genetic resources.
Bearish trades crater fast in Wall Street’s high-momentum rally
Traders are betting against the tech-heavy Nasdaq 100 index, investing heavily in bearish exchange-traded funds (ETFs). However, their bets have not paid off as the index continues to rise, causing these bearish ETFs to plunge. One example is a bearish ETF that has dropped 20% in a month after receiving $500 million in investments at the start of the month. This situation highlights the risks involved in betting against a strong market trend.
US extends some Chinese tariff exclusions, but many to fall away
The exclusions were previously scheduled to expire May 31, but USTR said it was extending the exclusions through June 14 to allow for a transition. It said certain exclusions would be extended through May 31, 2025 to support efforts to shift sourcing out of China, or provide additional time in cases where availability of the product outside of China remains limited.
India’s FY24 toy exports fall, separate strategies for each group key: GTRI
India's toy exports declined to $152.34 million in FY24. GTRI advises strategies like inviting international manufacturers, building a domestic ecosystem, and reducing dependency on imports to boost the industry and compete with China's market dominance.
India's toy exports slip to $152.34 mn in 2023-24; need strategy to push it: GTRI report
India's toy exports saw a slight decline to USD 152.34 million in 2023-24 from USD 153.89 million the previous year. Despite quality control orders, exports did not benefit much. GTRI Founder Ajay Srivastava suggested a more comprehensive strategy to develop the industry and boost exports.
India calls for norms to fix default maximum pesticides residue limit
In a submission to the WTO last week, India said that stringent MRLs can be trade-restrictive and act as non-tariff barriers to international trade, disproportionately affecting exporters from developing countries.
View: Fashion should be fun, not fatal
While the bulk of leather in fashion is derived from cattle, leather from reptiles is another industry. For this, crocodiles are bred in rancid, severely crowded concrete pools, and snakes are nailed to trees. In a crude attempt to kill them, pythons are pumped full of air, which creates crushing pressure, but may not kill the animals. This means that snakes may still be alive as workers peel off their skin and disembowel them.
India's corn supplies tightening on strong local demand: Global trading firm Louis Dreyfus executive
Strong domestic demand is putting pressure on India's corn supplies, leading to a tightening of the corn balance sheet, according to Garima Jain, Deputy CEO and Head of Grains for India at Louis Dreyfus Company. India, which has been a key corn exporter in Asia, is experiencing a decline in shipments due to increased local consumption.
Feeding the world’s livestock: How India may have found an export jackpot
The global animal feed market is giving a push to India’s oilmeal exports, a segment that usually goes under the radar.
2023 in rewind: From 'Animal' to ' Tejas' a list of box-office darlings & catastrophes
Here is the list of some of the major hits and misses of 2023.
'Salaar' box-office: Prabhas-starrer dethrones 'Jawan', 'Animal' to become 2023's biggest opener, collects Rs 95 cr on Day 1
The mass action movie shattered records by earning an impressive Rs 95 crore on its opening day in India, surpassing the first-day collections of major releases like 'Animal,' 'Jawan,' and 'Pathaan.'
‘Animal’ continues dream run: Ranbir Kapoor’s movie crosses Rs 700 cr at global box-office
Helmed by Vanga (the director of ‘Arjun Reddy’ and ‘Kabir Singh’), ‘Animal’ is a gory family drama set in Delhi
‘Animal’ shows no sign of slowing down; Ranbir Kapoor film crosses Rs 500 cr globally in 5 days
The movie has garnered widespread criticism for glorification of violence and casual misogyny. However, despite being panned, the movie has gone from strength to strength and is on it's way to become an all-time blockbuster.
‘Animal’ is out for blood! Ranbir Kapoor’s film crosses Rs 425 cr globally in 4 days
Despite receiving mixed reviews and even widespread criticism for being too heavy-handed with violence and glorifying toxic relationships, 'Animal' has not budged from #1 position at the box-office.
Ranbir Kapoor's 'Animal' crosses Rs 300 cr mark globally on Day 4, shatters first-Monday record of 'Pathaan', ‘Gadar 2’
Despite criticisms, the film continues to draw massive audiences, solidifying its status as a dominating force at the box office until Shah Rukh Khan's 'Dunki' releases on December 21.
'Animal' Day 2 box-office: Ranbir Kapoor's film roars past Rs 100 cr milestone, crosses 'Gadar 2' & 'Tiger 3' lifetime collection in North America
Despite criticisms regarding the potential glorification of toxic masculinity, Vanga's film resonates with audiences, portraying intricate father-son dynamics.
‘Animal’ all set to make box-office history! Ranbir Kapoor’s film earns Rs 10 cr in advance bookings
The Sandeep Reddy Vanga directorial has raced ahead of Salman Khan’s action extravaganza ‘Tiger 3’ (in terms of advance bookings) and tracking just behind Shah Rukh Khan’s ‘Jawan’.
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