Rice production milestone: India overtakes China as top global producer, says minister; output hits 150.18 million tonnes

India has emerged as the world’s largest rice producer, surpassing China with an output of 150.18 million tonnes, Union agriculture minister Shivraj Singh Chouhan said on Sunday.The announcement came as the minister released 184 new varieties of 25 crops developed by the Indian Council of Agricultural Research (ICAR) at an event in the national capital.Addressing…

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Indian equities outlook: ICICI Prudential flags stable macro backdrop; warns valuations already price in optimism

The broader macro backdrop for Indian equities remains stable heading into 2026, supported by healthier corporate balance sheets and early signs of an earnings recovery across sectors, according to ICICI Prudential Alternate Investments. However, after a long market upcycle and widespread rerating, much of the optimism on growth and profits is already reflected in stock…

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Venezuela crisis: US grip on oil could help India recover $1 billion dues; stalled output may be revived

A US-led takeover or restructuring of Venezuela’s oil sector could bring a major financial and strategic gain for India, potentially helping recover nearly $1 billion in long-pending payments and restarting crude production from oilfields operated by Indian firms, according to analysts and industry sources.India was once among the largest buyers of Venezuelan heavy crude, importing…

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Insurance mis-selling: Irdai flags sharp rise in unfair practice complaints; asks insurers to fix root causes

Mis-selling continues to be a key concern in the insurance sector, with the regulator asking insurers to dig deeper into the root causes behind such practices, according to the latest annual report of the Insurance Regulatory and Development Authority of India (Irdai).While the total number of grievances against life insurers remained largely unchanged at 1,20,429…

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