Wipro, India's fourth-largest IT services company, has secured an eight-year deal with Singapore-based Olam group, valued at over $1 billion, and will also acquire Olam's IT and digital services arm, Mindsprint, for $375 million, marking one of its largest contracts to date.
India's opening stocks of wheat in the central pool are expected to be 19.5-20 million tonnes as on April 1, 2022, the lowest in the last three years, but much higher than the normative level required for maintaining a buffer and strategic reserve, trade and market sources said. In accordance with the buffer and strategic reserve norms, India should have a wheat stock of 7.5 million tonnes in the central pool as on April 1 each year and this year's stocks, though the lowest in the last three years, will still be over 160 per cent more than what is required. On the export front, both government and trade sources are unanimous that this year (FY22) they will be 7-7.25 million tonnes, a record, while in the next financial year, they might touch even 10 million tonnes if the current momentum is maintained.
Bangladeshi traders import 2.5 - 3 million tonnes a year.
Reader Hardeep Jadeja spotted Indian batting legend Sunil Gavaskar in Singapore.
Meet Simmarpal Singh, a top level employee of Olam International, also known as the Peanut Prince of Argentina.
India origin Kartar Singh Thakral, who chairs the Indian garment maker Givo, is ranked at the 30th position, while Mustaq Ahmad of the 24-hour Mustafa Centre is at 38th spot. Sunny George Verghese of cashew and cocoa trader Olam International at 39th rank is also among the three Indian origin people. Mustaq Ahmad, who inherited the famous 24-hour Mustafa Centre, is ranked at the 38th position.
India gets its first basmati billionaire family. The promoter family of KRBL reaps gains from high demand for basmati in India and overseas. The company had a stock of 300,000 tonnes of rice as of September 30.
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