A group of ministers (GoM) in the Madhya Pradesh government deliberating on excise matters has given the consent to reduce the import duty on beer and wine in the state, MP Home Minister Narottam Mishra said. The decision was taken in a meeting of the ministerial group headed by Mishra on Tuesday. "Various issues related [...]
Global pharma and chemicals major Bayer CropScience on Tuesday reported a more than twofold jump in profit to Rs 152.7 crore for the quarter ended on March 31, 2022, compared to the same period of the previous financial year. The company's profit stood at Rs 61.9 crore during the corresponding period of 2020-21, Bayer CropScience [...]
The government on Tuesday imposed restrictions on sugar exports from June 1, a move aimed at increasing availability of the commodity in the domestic market and curbing price rise. "Export of sugar (raw, refined and white sugar) is placed under restricted category from June 1, 2022 onwards," the Directorate General of Foreign Trade (DGFT) said [...]
JM Financial on Tuesday reported a marginal decline in its consolidated net profit at Rs 229 crore for the quarter ended March 2022. It had posted a net profit of Rs 233 crore in the same period a year ago and Rs 261 crore in the preceding quarter ended December 2021. Total income during January-March [...]
Clariant Chemicals (India) on Tuesday reported a 47.67 per cent growth in profit to Rs 16.20 crore for the January-March quarter of 2021-22 compared to the same period of the previous financial year. The company's profit stood at Rs 10.97 crore during the corresponding quarter of 2020-21, Clariant Chemicals (India) said in a BSE filing. [...]
The shares of Sadhana Nitro Chem Limited gave multibagger returns of 4,434.22% in the last five years as they rose from ₹ 2.63 apiece to ₹119.25. Sadhana Nitro Chem Limited is engaged in the manufacturing of chemical intermediates, heavy organic chemicals and performance chemicals. Further, it is engaged in the business of wireless network equipment [...]
The initial public offer of digital signature certificate provider eMudhra was subscribed 2.72 times on the last day of subscription on Tuesday. The Rs 412.79 crore-IPO got bids for 3,09,02,516 shares against 1,13,64,784 shares on offer, according to NSE data. The portion meant for Qualified Institutional Buyers (QIBs) received 4.05 times subscription, while the category [...]
Muthoot Finance on Tuesday said it will raise up to Rs 300 crore through a public issue of bonds. Announcing its 27th series of public issue of secured redeemable Non-Convertible Debentures (NCDs) of face value Rs 1,000 each, Muthoot Finance said the issue comprises base issue size of Rs 75 crore with an option to [...]
Sugar firm Balrampur Chini Mills Ltd on Tuesday reported a 2 per cent increase in its consolidated net profit at Rs 240.48 crore for the quarter ended March. Its net profit stood at Rs 235.50 crore in the year-ago period, according to a regulatory filing. Total income increased to Rs 1,291.37 crore in the fourth [...]
The Indian markets opened in the green but were moving between gains and losses on Tuesday’s choppy trade. On a global level, equities have been volatile as investors assess the outlook for monetary policy, inflation and the impact of China’s strict covid policies on the global economy. IT stocks were major contributors to the drag [...]
