The increase in MAT rate from 15% to 18% in effective terms to 19.93% from 16.995% would mean higher cash outflow for the companies paying tax at MAT Rate like Balrampur Chini and Bajaj Hindusthan.
Under the proposed deal, Wilmar would acquire shares of Renuka Sugars, a domestic firm, pursuant to a preferential allotment and a consequential open offer to the shareholders.
Sharjah-based food blogger Bethica Das shares her recipe for the classic Rajasthani rice-based dessert.
As raw sugar futures jumped 3 per cent on Monday to 21.55 cents a British pound, traders expect further increases in sugar prices in the coming days, until a clear picture emerges about the magnitude of the shortfall in the Indian sugar crop and production. When India, which is the largest sugar consumer, enters the market, there is bound to be considerable volatility in prices, analysts said, suggesting that the situation is akin to what India had experienced in early 90s.
Patna Shuklla's dull drama struggles to leave any impact, sighs Sukanya Verma.
Serve them as a teatime or cocktail snack or a yummy side to a special meal.
A little desi, a little tomboy-ish, Pranali Rathod is armed with plenty of adorable fashion moments.
ugar mills in UP owe thousands of crores to cane farmers.
Falling sugar production in the European countries would provide an excellent opportunity for Indian sugar exports to the European Union market, says a top government official.
Matcha tea lovers, this recipe is meant for you!
The govt is increasing the duty to 15 per cent from the existing 10 per cent.
This appears to be a common refrain in Uttar Pradesh's Lakhimpur Kheri Lok Sabha constituency where farmers want better prices for their produce and respite from the stray cattle menace and others want political leaders to talk about job creation instead of issues like the Ram temple and Article 370.
Emerging out of the ED grilling in Mumbai, Rohit Pawar denied any wrongdoing and asserted struggle was imminent in fight for ideology while declaring he wasn't scared.
India's bumper sugar production has caused ripples in the global market with other producers wondering whether the Indian commodity will reach their export markets in the world.
Let's take a look 25 biggest sugar-producing countries in the world.
The ED has attached seven sugar mills worth over Rs 1,097 crore in a money laundering case against former Uttar Pradesh BSP MLC Mohammed Iqbal and his family, officials said.
Celebrate Thadri by rolling out this special Sindhi sweetbread.
The Indian government's decision to build 4 to 5 million tonnes of buffer stock of sugar has not gone well with the sugar industry.
This version of the Indian dessert features rose petals and gulkand or rose petal jam.
With production hitting a three-year low of 14.7 million tonnes in this sugar season (October to September), the government is also expected to double the levy quota for the PDS from 10 to 20 per cent to tide over shortages. The levy price and quota act as a notional benchmark for open market sugar prices, which have doubled to Rs 34 to Rs 35 a kg since last September, owing to a global shortage. The price of levy sugar is half that of the open market price.
Sugar prices reached a four-month high on Tuesday after India, the world's largest consumer, lifted duties on the import of raw sugar to bridge a shortfall in domestic production.
The prime ingredient in Nannari Sherbat is sarsaparilla syrup, made from a tropical root or vine,
'It took us 14 years to get our story into theatres.'
Struggling to find ways to incorporate millets tastily into your diet? Chef Vicky Ratnani has got you covered.
The Ruia group, which had taken over ailing companies like Jessop and Dunlop India for turnaround, is also eyeing the sugar sector.
Sugar-powered cars may be our future. Researchers have developed a 'revolutionary' process for converting plant sugars into hydrogen, which they claim could be used to cheaply and efficiently run vehicles. According to the researchers, the conversion process involves combining plant sugars, water and a cocktail of powerful enzymes to produce hydrogen and carbon dioxide under mild reaction conditions.
Richard Lucas, renewable energy analyst at Ambrian Partners, says that as oil prices shot up, speculators got very excited about sugar, which drove the price up beyond what it should have gone to, but the long-term view of sugar is very positive.
India is all set to export raw sugar for the first time. The Indian Sugar Exim Corporation has signed a deal with Al Khaleej refinery of Dubai to export raw sugar.
FMCG major Britannia Industries' results for the January-March quarter (Q4) of the financial year 2023-24 (FY24) were received enthusiastically by the market with the share going up by 6.7 per cent on Monday to close at Rs 5,061.60 on the BSE. However, analysts said the results were in line with margins, and disappointing in terms of revenue growth. The consolidated net sales (excluding other operating income) rose 3 per cent year-on-year (Y-o-Y) to Rs 4,010 crore in Q4.
Time to start your preparation for Ganesh Chaturthi.
This flavoursome curry is everything you would want on a lazy week night. Try it!
Amit Singh, 32 from Delhi shares his incredible weightloss journey.
Enjoy a healthy, guilt-free Diwali as you embrace 2023's superfood.
rediffGURU Dr Rahul Baxi, honorary consultant diabetologist at the Bombay Hospital and Medical Research Centre, Mumbai, offers advice on how to manage your diabetes.
The declining sugarcane acreage and the resultant lower sugar output may be supportive of firm sugar prices. However, there are other reasons that suggest that the sugar pill may not be as sweet as it seems.
Maintaining the balance of gut microbiota is important as an imbalance, also known as dysbiosis, can cause or aggravate different diseases, including but not limited to digestive problems such as inflammatory bowel syndrome, mental health issues like anxiety and depression and menstrual problems.
Drug makers join the chyawanprash bandwagon with sugar-free variants.
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