Results Today: Apollo Tyres
CCEA clears sugar decontrol
Food Min On Sugar Decontrol:
PDS system for sugar to continue at same rate
Govt to bear subsidy for PDS sugar
States free to buy sugar from open market for PDS sale
Govt to pay difference between ex-mill, PDS price
States to decide on cane price
States to decide on minimum distance norm for mills
Govt to bear Rs 5,300 cr PDS sugar subsidy
Abolished non-levy sugar release mechanism
No hike in excise duty on sugar
No levy obligation on sugar mills for 2 years
See no effect on open market sugar prices
Farmers, consumers to benefit from sugar decontrol
Current sugar export policy to continue
To cap ex-mill sugar price at Rs 32/kg for PDS
Salman Khurshid Says
BIPA not a specific reason for delay in Jet-Etihad deal
Coal India cuts off coal supply to NTPC as battle between 2
co intensifies ET (NTPC has held back payments of Rs 1000 cr to CIL)
Burmans’s (owner for Dabur) up’s stake in Mangalore Chem .,
buys additional 60K shares from open markets ET (now hold 11% stake)
Haryana to challenge CERC order on Adani Power tariff
Axis Bank lead consortium has initiated arbitration process
with Maldives govt to recover GMR loan of USD 160 mn FE
ITC ups cigarette prices by 14-18%, in line with
expectations
Essar Oil out of CRD, raises USD 500 mn
GMR Readies bid for Philippines airport
Timken India fixes issue price at Rs 120 per share for share
sale
Mahindra Lifespace allots NCDs worth Rs 500 cr
Titagarh Wagons acquires 100% stake in Titagarh Marine
DLF shareholders okay issue equity shares via Institutional
Placement Programme
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