Amul marketer The Gujarat Cooperative Milk Marketing Federation (GCMMF) has increased the prices of its milk brand by Rs 2 per litre with immediate effect. The managing director of Amul, Jayen Mehta, announced the new rates on Friday and clarified that the new rates are not applicable in Gujarat but only in other markets, including Delhi, Mumbai and Kolkata.

According to a company statement, the price of Amul Pouch Milk (All Variants) has been revised upwards with effect from February 2nd, 2023, night dispatch (3 February 2023, morning dispatch). The new prices will be effective Friday morning, it said.

With this price revision, one litre pouch of Amul Taaza milk will now be available for Rs 54, one litre of Amul Gold will be sold at Rs 66, and while one litre pouch of cow milk will cost Rs 56, an Amul A2 buffalo milk pouch will now cost Rs 70.

This is the first hike in milk prices by Amul this year. Last year, Amul hiked the milk prices in March, August and in October, considering the rise in input costs.

Earlier in a statement, Amul said the increase of Rs 2 per litre translates into a 4 percent increase in the maximum retail price (MRP), which is lower than average food inflation. The statement reads, This price hike is being implemented due to an increase in the overall cost of operation and production of milk. The cattle feeding cost alone has increased by approximately 20 percent compared to last year.

The Indian railways has reportedly cancelled 309 trains on February 3 due to various reasons that hinders the regular working of the train schedule. The reason for every train varies from bad weather, maintenance work on railways, platforms or overbridges. It was reported that 9 trains were also rescheduled whereas 13 were diverted.

The zones which have witnessed cancellation of trains include, New Delhi, Ghaziabad, Dadar, Pondicherry, Howrah, Barmer, Rishikesh, Ajmer, Mysore, Bikarner, Kolhapur, Pathankot, Varanasi, Buxar, Lucknow, Patiala, and numerous others.

The ticket cancellation for the passengers who booked their ticket online will get their refund into their source account from which they booked the ticket, whereas for passengers who booked their ticket from counters, they would have to visit the reservation counter at the train station to get process their refund.

List of trains that have been cancelled:

01539 , 01540 , 01541 , 01542 , 01605 , 01606 , 01607 , 01608 , 01615 , 01616 , 01625 , 01626 , 03051 , 03052 , 03079 , 03080 , 03085 , 03086 , 03111 , 03112 , 03359 , 03360 , 03469 , 03470 , 03513 , 03514 , 03515 , 03518 , 03519 , 03529 , 03530 , 03532 , 03533 , 03534 , 03535 , 03548 , 03551 , 03558 , 03592 , 03649 , 03650 , 04029 , 04030 , 04041 , 04042 , 04139 , 04148 , 04149 , 04263 , 04264 , 04267 , 04268 , 04303 , 04304 , 04305 , 04306 , 04319 , 04320 , 04335 , 04336 , 04338 , 04379 , 04380 , 04403 , 04404 , 04408 , 04421 , 04424 , 04549 , 04550 , 04568 , 04577 , 04597 , 04598 , 04628 , 04647 , 04648 , 04901 , 04902 , 04909 , 04910 , 04912 , 04913 , 04916 , 04919 , 04927 , 04938 , 04941 , 04946 , 04950 , 04953 , 04958 , 04959 , 04961 , 04963 , 04964 , 04987 , 04988 , 04999 , 05000 , 05035 , 05036 , 05039 , 05040 , 05091 , 05092 , 05093 , 05094 , 05117 , 05118 , 05155 , 05156 , 05366 , 05459 , 05460 , 05470 , 05471 , 06802 , 06803 , 06921 , 06922 , 06934 , 06937 , 06958 , 06959 , 06964 , 06967 , 06987 , 06991 , 06994 , 06995 , 06996 , 07906 , 07907 , 08441 , 08442 , 09108 , 09109 , 09110 , 09113 ,

09369 , 09370 , 09431 , 09432 , 09437 , 09438 , 09476 , 09481 , 09491 , 09492 , 10101 , 10102 , 11025 , 11026 , 11124 , 11425 , 11426 , 11901 , 11902 , 12172 , 12241 , 12242 , 12303 , 12318 , 12322 , 12337 , 12338 , 12347 , 12348 , 12353 , 12368 , 12370 , 12505 , 12506 , 12562 , 12583 , 12584 , 12874 , 12987 , 13015 , 13016 , 13029 , 13030 , 13031 , 13043 , 13152 , 13187 , 13188 , 13258 , 13309 , 13310 , 13343 , 13344 , 14005 , 14006 , 14213 , 14214 , 14217 , 14218 , 14235 , 14236 , 14505 , 14506 , 14617 , 14618 , 14674 , 14821 , 14822 , 15081 , 15082 , 15083 , 15084 , 15119 , 15120 , 15127 , 15129 , 15130 , 15203 , 15204 , 15280 , 15622 , 15903 , 16213 , 16214 , 17331 , 17332 , 17334 , 17347 , 17348 , 18104 , 18175 , 18176 , 19614 , 20948 , 20949 , 22198 , 22321 , 22322 , 22441 , 22442 , 22959 , 31411 , 31414 , 31423 , 31432 , 31711 , 31712 , 34914 , 34935 , 36011 , 36012 , 36031 , 36032 , 36033 , 36034 , 36035 , 36036 , 36037 , 36038 , 36811 , 36812 , 36813 , 36816 , 36825 , 36829 , 36833 , 36834 , 36836 , 36837 , 36838 , 36840 , 36844 , 36847 , 36848 , 36850 , 36851 , 36855 , 37327 , 37329 , 37332 , 37338 , 37781 , 37782 , 37784 , 37812 , 37813 , 37817 , 37818 , 37825 , 37827 , 37829 , 37831 , 37834 , 37837 , 37838 , 37840 , 37841 , 37842 , 37848 , 37853 , 37854 , 38923 , 38924

The Adani Group’s woes continue to mount as the National Stock Exchange (NSE), Thursday, put Adani Ports, Adani Enterprises, and Ambuja Cements under additional surveillance measure (ASM) framework from February 3 (Friday). This will require 100 precent margin to trade in their shares and will likely curb short selling

The NSE explained the measure on its official website, stating that “Additional Surveillance Measures (ASM) on securities with surveillance concerns based on objective parameters viz. Price / Volume variation, Volatility etc.”

The stock exchange elaborated that the applicable rate of margin shall be 50 percent or existing margin, whichever is higher, subject to maximum rate of margin capped at 100 percent w.e.f. February 6, 2023 on all open positions as on February 3 and new positions created from February 6.

It said that stocks under surveillance shall be retained in Stage-I as applicable for a minimum period of 5 trading days and shall be eligible for review from 6th trading day onwards.

The NSE’s move comes after the conglomerate’s shares continued to nosedive due to the fallout of the damning report by US short seller Hindenburg Research last week.

Adani Group has endured over $100 billion in market losses till Thursday, creating panic about the potential systemic impact this would have over the market in general. On Wednesday, the group called off its Follow-On Public Offering (FPO) returned money to its investors.

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The NSE explained that if derivative contracts in securities end up in the ban list, if they cross 95 percent of the market-wide position limit.

The NSE directed that that all clients/members shall trade in the derivative contracts of the said security only to decrease their positions through offsetting positions, warning that any increase in open positions shall attract appropriate penal and disciplinary action.

The market-wide position limit, set by stock exchanges, is the maximum number of outstanding open positions (buy and sell) in the F&O contracts of a security. If the open interest in a stock crosses 95 percent of the market-wide position limit, its F&O contracts enter the ban period.

During the ban, traders are not allowed to take fresh positions in stocks but can start reducing their positions. The ban rule helps reduce speculation in stocks and curb short selling.