In the normal sugar season, about 320 LMT of sugar is produced against domestic consumption of 260 LMT. This 60 LMT of surplus sugar which remains unsold, blocks funds of sugar mills to the tune of about Rs. 19,000 crore every year thereby affecting liquidity positions of sugar mills resulting in accumulation of cane price arrears … Read more
The Income Tax Department started a search and survey action on 18/11/2020 in the case of a leading cattle feed producer in Northern India. The search and survey actions are being carried out at 16 locations in Kanpur, Gorakhpur, Noida, Delhi and Ludhiana. The main allegations against the group are that it has taken accommodation … Read more
Taking the next stride in boosting regional aerial connectivity in India under RCS-UDAN (Regional Connectivity Scheme – Ude Desh Ka Aam Nagrik) of the Government of India, the second direct flight commenced operations today from Hyderabad, Telangana to Nashik, Maharashtra. Chhagan Bhujbal, Guardian Minister, Nashik, Hemant Godse, Member of Parliament, Nashik, Surah Mandhare, District Collector, … Read more
The provisional payroll data of EPFO has been released on 20th November, 2020. It reveals that EPFO has added 14.90 lakh net subscribers in the month of September, 2020 thereby increasing the subscribers’ base of EPFO by around 30.92 lakh during the first two quarters of current financial year. The data published comprises of members who have joined … Read more
Mahindra Lifespace Developers is currently trading at Rs. 284.80, up by 1.45 points or 0.51% from its previous closing of Rs. 283.35 on the BSE. The scrip opened at Rs. 285.80 and has touched a high and low of Rs. 291.50 and Rs. 282.75 respectively. So far 731 shares were traded on the counter. The … Read more