IFFCO announces hike in fertilizer rates

Farmers won’t have to pay the revised prices as existing stocks of 11.26 lakh metric tonnes of complex fertilisers will be sold at the old rates, says IFFCO chief India’s largest fertilizer maker IFFCO has effected a sharp hike in fertilizer prices, with as much as a 58.33% hike in the price of Di-Ammonium Phosphate (DAP), and its CEO staved […]

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Bank stocks lift Sensex as investors cheer RBI’s tack

Policy stance buoys index by 0.94% Investors joined industry groups, fund managers and bankers in welcoming the RBI’s growth-supportive monetary policy on Wednesday with a rally in banking stocks lifting the benchmark S&P BSE Sensex. The 30-share Sensex jumped 460.37 points, or 0.94%, to close at 49,661.76. Banks led the gains with State Bank of India climbing 2.25% and ICICI […]

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How to address an offensive gift at office holiday party: Ask HR

People should aim to avoid gifts given in a workplace setting that are intimate and personal, Johnny C. Taylor Jr. advises. (Photo: Getty Images) Johnny C. Taylor Jr., a human resources expert, is tackling your questions as part of a series for USA TODAY. Taylor is president and CEO of the Society for Human Resource Management, the world’s largest HR professional society. The […]

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Ascendas India trust signs ₹1,441-crore IT park deal

Firm to eventually buy 100% of project Ascendas India Trust (a-iTrust) will acquire 1.65 million sq. ft area at an IT park in Bengaluru for an estimated deal value of ₹1,441 crore, according to a statement. Ascendas Property Fund Trustee Pte. Ltd., the Trustee-Manager of a-iTrust, has entered into a forward purchase agreement with Gardencity Realty Pvt. Ltd. to acquire […]

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SC backs camera makers Nikon, Samsung

Court annuls CESTAT order denying MNCs duty exemption for digital equipment The Supreme Court on Tuesday handed multinationals Nikon, Canon, Sony and Samsung a major relief when it quashed an order of the Central Excise and Service Tax Appellate Tribunal (CESTAT) and upheld an exemption given to the companies from paying basic customs duty for import of their digital still […]

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Concor set to source containers locally: CMD

It now imports 8,000 units from China State-owned Container Corporation of India Ltd. (Concor) on Friday said it plans to source its annual requirement of about 8,000 containers, which till now were being imported from China, solely from domestic manufacturers. Concor, that spends about ₹200 crore annually on procurement of containers, had already given a developmental order for 1,000 containers […]

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Auto sector for incentives to OEMs, parts makers

‘Schemes should not hurt exporters’ The auto sector on Friday pitched for incentives to encourage domestic value-addition to leverage on the $25-billion import substitution opportunity, cautioning that such schemes should not ‘cannibalise’ the existing exporters by incentivising new players. The representation was made during a webinar on production linked incentive (PLI) schemes attended by various government officials, including those from […]

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