India hikes crop prices as Modi woos farmers ahead of election [Reuters]
ICICI Bank Limited (IBN)
US:NYSE Investor Relations:
icicibank.com/aboutus/invest-relations.page
Company Research
Source: Reuters
India hikes crop prices as Modi woos farmers ahead of election | Reuters 3 Min Read NEW DELHI (Reuters) - India on Wednesday raised the government-mandated price for summer-sown crops such as rice and cotton by the most since Prime Minister Narendra Modi came to power in 2014, as he looks to woo millions of poor farmers ahead of a general election next year. The country announces support prices for more than a dozen crops each year to set a benchmark. But analysts say the median hike this year was 25 percent compared with 3-4 percent in the last three years, which could hit government finances and stoke inflation. “The government is committed to realising the vision of doubling farmers’ income by 2022, towards which it is working on a comprehensive strategy,” Radha Mohan Singh, the minister for agriculture and farmers’ welfare, said in a statement after a meeting of Modi’s cabinet. Rural India voted overwhelmingly for Modi’s Bharatiya Janata Party four years ago to hand him the bigges
Show less
Read more
Impact Snapshot
Event Time:
IBN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
IBN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
IBN alerts
High impacting ICICI Bank Limited news events
Weekly update
A roundup of the hottest topics
IBN
News
- ICICI Lombard's Q4 profit rises on higher premiums earned [Reuters]Reuters
- India swaps suggest cenbank now likely to hold rates through 2024 [Reuters]Reuters
- India's Vishal Mega Mart Said to Pick Kotak, ICICI for Mega IPO [BNN Bloomberg (Canada)]BNN Bloomberg
- IOPP: Investing In India With A Hedge Fund Manager [Seeking Alpha]Seeking Alpha
- Goldman Sees Indian Banks' Profitability Coming Under Pressure [BNN Bloomberg (Canada)]BNN Bloomberg
IBN
Sec Filings
- 3/29/24 - Form 6-K
- 3/22/24 - Form 6-K
- 3/22/24 - Form 6-K
- IBN's page on the SEC website