EID 2025
Sugar stocks surge on Ethanol push, analysts see more upside
The government's notification removes the limit that exists on the diversion of sugar for ethanol production. "Since ethanol is a high-yielding product, this removal of cap would help the sugar mills and distilleries to manufacture more ethanol and improve their revenue mix directly, which will improve cash flows and stabilize the sugar industry," said T Manish, research analyst, Samco Securities.
FirstCry logs 17% rise in revenue, lower loss in Q1 FY25
Floods in the UAE and early Eid, which saw festival season purchases being advanced to early April, hit order volumes for Brainbees Solutions, the parent firm of the baby and mother care product retailer. However, order volumes are now back on track, said CEO Supam Maheshwari.
Auto, auto ancillary sector a good theme to play the rural recovery: Devang Mehta
Some of the FMCG participants also came in this analyst guidance that most of these companies are now trying to come back and there was a decent volume growth which is seen.
Sugar rush! Praj Industries, Balrampur Chini shares jump by over 6% on boost from ethanol blending
Praj Industries shares surged 6.4% to a 52-week high on NSE after Union Minister Hardeep Singh Puri's announcement on India's biofuel blending targets.
Salman Khan starrer 'Sikandar' filming set to begin next week
Superstar Salman Khan will begin filming his new movie "Sikandar" on June 18, as announced by the makers. Directed by A R Murugadoss and produced by Sajid Nadiadwala's Nadiadwala Grandson Entertainment, the film also stars Rashmika Mandanna. The first shooting schedule includes an action scene aboard an aircraft at 33,000 feet. "Sikandar" is set for a theatrical release on Eid 2025.
Salman Khan parties with ‘Shark Tank India’ judge Aman Gupta in Dubai, pics go viral
Later, the entrepreneur posted the pictures on Instagram with the caption, "Uii Maa, Salman Khan. Amar Prem nahee Aman Prem." This references Khan's 1994 film 'Andaz Apna Apna,' which also featured Aamir Khan. Interestingly, both Khan and Gupta are seen wearing indigo blue and black outfits in the image.
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PM Modi responds to Rashmika Mandanna's post on Mumbai's Atal Setu
Prime Minister Narendra Modi responded to Rashmika Mandanna's post about the Atal Setu in Mumbai, where she praised the bridge's efficiency in reducing travel time from two hours to 20 minutes. Mandanna also emphasized the bridge's role in showcasing India's rapid infrastructure advancements.
'Freaking brilliant': 'Pushpa 2' actor Rashmika Mandanna lauds India's progress under PM Modi
Actress Rashmika Mandanna recently commended India's rapid infrastructural progress over the past decade, particularly citing the Mumbai Trans Harbour Link (MTHL). She emphasized its transformative impact, reducing a two-hour journey to just 20 minutes. She lauded the country's remarkable growth over the past decade.
Salman Khan has a new leading lady in Rashmika Mandanna; netizens slam ‘pathetic’ on-screen pairing
Superstar Salman Khan will romance 'Animal' actress 'Rashmika Mandanna' in an epic action film. But netizens are less than impressed! X users have lambasted the producers of Khan's upcoming movie 'Sikander', for casting Mandanna, who is 30 years juniour to the superstar. Directed by AR Murugadoss, 'Sikander' will eyeing a 2025 release.
Salman Khan security alert: Gunshots fired outside actor's Mumbai house; police launch investigation
Gunshots were heard outside Salman Khan's Mumbai residence in the early hours of the morning, prompting a swift investigation by the Mumbai Police. The incident has raised concerns about the safety of the Bollywood superstar, especially in light of previous threats. The police are actively looking into the matter, reviewing CCTV footage and pursuing leads to identify the assailants responsible for the gunfire.
Salman Khan wows fans with Eid gift, unveils title of new film 'Sikandar'
Sajid Nadiadwala's banner, Nadiadwala Grandson Entertainment, will spearhead the production of the project. This collaboration marks a reunion between Khan and Nadiadwala after two decades since the success of the 2004 hit 'Mujhse Shaadi Karogi'. Notably, Nadiadwala has previously produced several blockbuster films featuring Khan, including 'Judwaa' and 'Kick'.
Delhi school holidays 2024 announced: Check dates and festival schedule
The summer break is set to commence on May 11 and extend until June 30, 2024, offering students a well-deserved rest period. However, teachers will be required to attend work for two days on June 28 and 29 to participate in essential school activities. Additionally, the schedule includes autumn and winter breaks, along with a list of gazetted holidays for the year.
In sweet spot! Sugar stocks rally up to 13%. Here's why
The Fast developing El Nino conditions are likely to result in a decline in net sugar production by 4 mt 12%, specifically in Maharashtra and Karnataka, the note said adding that this would keep domestic sugar prices firm for the next one year.
Ethanol, sugar stocks rally up to 15% as India launches global biofuel alliance at G20
The alliance, with the United States and Brazil as its founding members, would help accelerate global efforts to meet net zero emissions targets by facilitating trade in biofuels derived from sources including plant and animal waste, a Reuters report said.
You can now apply for Saudi e-visa online if you have these passport stamps
Saudi Arabia is now allowing Indian passport holders with a UK, US or Schengen visa used once to apply for an e-visa online. In addition, the country is opening nine VFS Tasheel Visa offices throughout India to provide administrative services to potential visitors. Saudi Tourism Authority hopes to attract over 10 million Indian tourists to their country by 2030.
Stock market update: Sugar stocks down as market falls
The 30-share BSE Sensex closed down 68.36 points at 66459.31
Sensex surges 446 pts on gains in HDFC group cos; investors gain Rs 1.46 lakh crore
LTIMindtree shares closed over 3% higher as the IT stock is likely to replace HDFC in the Nifty 50. The market capitalisation of all listed companies on BSE increased to Rs 292.13 lakh crore. The market breadth was skewed in favour of the bulls. About 2,025 stocks gained, 1,467 declined, and 146 remained unchanged on the BSE.
Stocks in news: IndusInd Bank, ITC, ICICI Pru Life, Rail Vikas, Delta Corp, Glenmark Pharma
IndusInd Bank will report its earnings for the December quarter on Wednesday. The bank is expected to report strong growth in income on the back of a steady rise in loan book, but analysts’ view on the margin performance remains mixed.
Deven Choksey on midcap IT future and LTIMindtree
“Some of the mid-tier IT companies have been operating out of their own niche and they also deserve to be in that particular space, provided they scale up and that is where the LTI-Mindtree combine could register that particular claim, having got a niche in certain area of engineering made services that they have been providing.”
From fighter planes to cakes: How a DRDO scientist-turned-entrepreneur found his calling in the gifting business
Tarun Joshi had an enviable career trajectory. But he decided that wasn't enough when he realised the potential of the gifting space in India. So, he set up IGP.
What sparked the transformation in sugar industry?
The sugar sector is undergoing a massive revolution and has emerged as a powerful driver of clean energy, accelerating India's transition towards renewable energy. The industry, which was mainly perceived to be within the food ecosystem, is now also considered one of the core drivers of the clean energy initiative.
Open is India’s latest unicorn; Amazon asks RBI to audit Future Retail
Neobanking platform Open has closed a $50 million funding round led by IIFL Finance at a valuation of $1 billion, sources told us. This makes it India’s latest startup unicorn and, by some counts, the 100th billion-dollar company minted in the country.
Stocks in the news: RIL, Adani Enterprises, Ruchi Soya, UPL and Nalco
General Insurance Corporation of India, IRCTCT, IRFC, Ruchi Soya Industries, NBCC, Suzlon Energy and Angel Broking will announce their March quarter results today.
Trucking hell
From E-commerce firms facing new logistic challenges to Ethereum co-founder's big Covid donation and Elon Musk's Bitcoin U-turn to court, here's a quick look at the top tech news today.
Sugar stocks no more a ‘le phataphat, de phataphat’ story. Here’s why
For many sugar-producing factories, ethanol was so far just a byproduct for generating additional revenue. The equation now seems to be reversing in many plants.
Agrochem stocks set for rally, may give up to 50% in a year
FICCI estimates the size of the Indian agrochemical sector to double to $8.1b by 2025.
5 reasons why ban on sale of firecrackers won't curb pollution in Delhi
The Supreme Court ordered ban on sale of firecrackers in the National Capital Region (NCR) nine days before Diwali to keep pollution levels in check.
Biggest midcap bets! Mutual funds make $2 billion bet on these 5 stocks
Financial stocks topped the list while consumer plays found favour in the list of top 10 stocks.
need2know: 7 things you must know to start your day on D-Street
FM has said the government is open to providing more funds for banks’ recapitalisation.
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