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MCX launches crude sunflower oil futures contract

Economictimes.indiatimes.com 

MCX has launched futures contracts on crude sunflower oil to help market participants manage price volatility and exposure to global supply-demand dynamics. With India importing nearly 2.8 million tonnes of its annual crude sunflower oil consumption, the contract aims to provide importers, refiners, processors and traders with an efficient risk-management mechanism.



Quote of the day by Robert Wilson: "Most of the people who are successful in the market are basically optimists, and most of these people are very uncomfortable when they are on the short side"

Economictimes.indiatimes.com 

Robert Wilson highlights optimism as a common trait among successful investors, while noting the psychological discomfort of short selling. The insight underscores the importance of conviction, discipline and balanced expectations when navigating market volatility, risks and changing valuations.

Arrested ex-TMC MLA Nirmal Ghosh remanded to police custody in extortion case

Economictimes.indiatimes.com 

Nirmal Ghosh, a former Trinamool Congress chief whip, found himself behind bars in Odisha due to an extortion case. A Barrackpore court has ordered his police custody for eight days. Simultaneously, he secured bail in a separate matter relating to a rushed cremation of a doctor. With accusations of extortion and organized crime looming, a visibly upset crowd gathered as he was escorted from the police station.

US warns Iran it will step up economic pressure; two more ships attacked in Hormuz

Economictimes.indiatimes.com 

Ship traffic in the Strait of Hormuz slowed significantly after two vessels were attacked. The United States stated it can maintain a naval blockade of Iran indefinitely. Iran has resumed attacks on ships it accuses of unauthorized transit. The US plans further economic measures against Iran in the coming week. Global economists warn of a sharp drop in global growth if the war continues.

Indus Waters Treaty should remain suspended, our lifeblood has drained: Omar Abdullah

Economictimes.indiatimes.com 

Jammu and Kashmir Chief Minister Omar Abdullah advocated for the Indus Waters Treaty's continued suspension. He stated that the region's people have suffered from water resource utilisation restrictions. Pakistan's claims of sympathy for Kashmiris were questioned regarding water rights. India suspended the treaty after a terror attack, impacting Pakistan's water dependency. Pakistan's Prime Minister threatened a response over water issues amid domestic crises.





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