Profit

Indian milk processing firm Hatsun Agro Product said on Wednesday its quarterly profit surged 54% as a rise in input costs was offset by higher milk prices on the back of strong demand

market, stocks, buy, sell, stock calls, stock market trading, stock market

Stocks to Watch on June 8, 2023: Shares of banks, automobile, and real estate companies could see considerable action in Thursday's session as the Reserve Bank of India (RBI) is slated to announce its

India's Hatsun Agro Product Ltd, which sells Arun ice cream and Arokya milk, reported a 2.9% fall in quarterly profit on Thursday, hurt mainly by a surge in prices for animal feed and milk procurement

Chart

Dairy stocks: Analysts see the benefits of price hikes to begin accruing from the March quarter onwards, while the financial year 2023-24 (FY24) will be a steady year for the industry's margins

Markets, Stock market, sensex, stock market indices

Stocks to Watch Today: Oil related shares are likely to be in focus on Tuesday as the oil ministry sought a review of the windfall profit tax on domestically produced crude oil.

graph

Analysts are wary of companies majorly focused in the low-margin milk segment as they believe firms with a strong market share in value-added products (VAPs) are more likely to sustain in the industry

loans, aum, assets, banks, investment, shares, stocks, funds

Hatsun Agro Product Ltd on Saturday said its board will meet on March 9 to consider a proposal to sell assets of the company's ready-to-eat business.

Farm ministry for inclusion of milk in price stabilisation fund

The price hike may spark a bullish rally in dairy-related stocks like Hatsun Agro Product, Heritage Foods and Parag Milk Foods indicate charts.

stock market, share market, stocks

In the past month, Hatsun Agro Product has outperformed the market by surging 43 per cent, as compared to 8 per cent rise in the S&P BSE Sensex

mutual fundsThe Nifty rose 7.5 per cent in June, even as domestic MFs sold shares worth nearly Rs 4,000 crore

The board of directors of the company will meet on October 19, 2020 to consider the proposal for declaration of bonus shares and fund raising plan.

cow, milk, dairy

BS ReporterChennai-based listed dairy and dairy products maker Hatsun Agro Product Ltd has announced plans to set up dairy plants in Maharashtra and Odhisha. The company has posted a profit of Rs 382 million, as against a similar profit during the same period of last fiscal.The company has completed acquisition of about 75 acres of land situated at Solapur District for about Rs 60 million to set up a dairy manufacturing plant in the State of Maharashtra. The installation of the dairy plant is expected to be commissioned before end of December 2019.It is also planning to set up a dairy plant in the State of Odisha considering an attractive proposition for investment offered by the State of Odisha and has submitted investment intention for with the Industry Department of Odisha Government. Profit for the quarter ended September 30, 2018, stood at Rs 382.63 million as compared to Rs 382.10 million during same quarter of previous year. The total income was at Rs 11.87 billion as against ..

Hatsun Agro Product surges 20% on DSP Blackrock Mutual Fund stake buy

The stock surged 20% to Rs 895, also its record high on the NSE after DSP Blackrock Mutual Fund bought more than one percentage point stake in the company through open market

Heritage Foods

Kwality and Vadilal Industries hit their respective 52-week highs on BSE in intra-day trade.

Hatsun Agro plans Rs 450 cr expansion of ice cream, dairy capacity

Chennai-based dairy products manufacturer Hatsun Agro Product Ltd has said that it is in the process of investing around Rs 450 crore in 18 months from April 2016, to build facilities for its ice cream, milk and related products business.Of the total capex, around Rs 135 crore would be invested into capacity expansion and marketing of ice creams, which it sells under the brand, Arun Icecreams. The company is planning to expand its capacity to manufacture ice cream from the current one lakh litre a day to 1.5 lakh litre a day. It is also planning to have around 600-700 stores under a new model in which the retail and distribution will be handled by each store, while earlier the distribution and retail were under another model, said R G Chandramogan, chairman and managing director of Hatsun Agro. He was speaking to the press during an event, 'Eat All You Can', conducted by the company in Chennai to offer unlimited ice cream bars in 20 minutes for Rs 50 to promote its new range of ...

RBI imposes penalty on SBI, Indian Bank, Punjab & Sind Bank

The scheme will offer an annual interest subsidy of between 3-6.5% on up to 0.9 million rupees of the loan amount

home loan, loan interest

Das asserted that directors in UCBs, who are elected to their positions, must possess expertise in diverse banking functions, including risk management and information technology

Shaktikanta Das

In Feb 2018, the MoD established two defence industrial corridors to serve as engines of economic development and growth of defence industrial base in the country

An exhibit of Su 30 MK-I fighter aircraft at the Bharat Dynamics Limited (BDL) pavillion during the 12th edition of DefExpo, in Gandhinagar on Tuesday

Defence Expo 2022

Weak demand, global slowdown add to their woes

Crude oil

"If the river starts and stops within that state, they can take the water. But if it starts from that one area and flows through other states, the water has to be divided," he added

Karnataka does not own Cauvery: DMK leader TKS Elangovan on water row

The National Investigation Agency Saturday confiscated the property of banned outfit Sikhs for Justice's chief Gurpatwant Singh Pannu here, said official sources.
A 'property confiscation notice' was put up outside the residence of pro-Khalistan Pannu in Chandigarh, they said.
The action was taken under Unlawful Activities Prevention Act.
"1/4th share of house no 2033, sector 15-C, Chandigarh, owned by Gurpatwant Singh Pannu, a proclaimed offender in NIA case stands confiscated to the state under section 33 (5) of the Unlawful Activities Prevention Act, 1967 by the orders of the NIA special court, SAS Nagar, Mohali, Punjab. This is for information of general public," read the notice put up outside Pannu's house.

National Investigation Agency NIA

Admitting for the first time, a top United States diplomat has confirmed that there was shared intelligence among Five Eyes partners that had prompted Canadian Prime Minister Justin Trudeau's offensive allegation about Indian agents' involvement in the killing of a Khalistani extremist on Canadian soil, according to a media report on Saturday.
There was shared intelligence among Five Eyes partners that informed Trudeau's public allegation of a potential link between the government of India and the murder of a Canadian citizen, CTV News Channel, Canada's 24-hour all-news network, reported quoting the US Ambassador to Canada David Cohen.
Five Eyes' network is an intelligence alliance consisting of the United States, United Kingdom, Australia, Canada and New Zealand. It is both surveillance-based and signals intelligence (SIGINT).
Trudeau had on September 18 made an explosive allegation of the potential involvement of Indian agents in the killing of Khalistani extremist Hardeep Singh .

Canada

Textile and clothing sectors must have a holistic approach with a long-term vision to seize the opportunity in the global market, industry officials said on Saturday.
Textiles and clothing industries are the second largest employment provider after agriculture generating Rs 30,000 crore as Goods and Services Tax revenue and USD 44 billion foreign exchange earnings, officials of Southern India Mills' Association said.
The industries have been facing challenges in the recent past mainly due to structural issues on the raw material front, high cost of production, scale of operation among others, SIMA Chairman S K Sundararaman said.
The Association would strive to address structural issues and enhance global competitiveness, he said.
According to association officials, the NDA government has been giving major thrust for enhancing the global competitiveness of the textiles and clothing industry and addressed several issues.
"However, the policy pitfalls in certain areas and delay in ..

exports

Chief Justice of India D Y Chandrachud on Saturday said the role of lawyers has evolved to address myriad global legal challenges in an era characterised by ever-increasing globalisation.
He said rapid technological advancement has created "complex legal issues", with lawyers leading the way in navigating this landscape. While the judiciary definitely bears the responsibility of administering justice and upholding the rule of law, lawyers play an equally vital role, he stressed.
"In an era characterised by ever-increasing globalisation, the role of lawyers has evolved to address myriad global legal challenges," the CJI said while speaking at the inaugural ceremony of the Bar Council of India's (BCI) 'International Lawyers Conference 2023' here.
He said lawyers ensure that clients and governments adapt to technological changes while upholding legal rights and regulations, covering areas like cybersecurity, data privacy and intellectual property.
"Lawyers also bear significant ...

Chief Justice of India (CJI) D Y Chandrachud

International credit agency Moody's Investors Service has made sweeping assertions against Aadhaar without citing any evidence, the Unique Identification Authority of India (UIDAI) said on Monday.
The UIDAI issued a strong rebuttal to Moody's Investors Service which claimed that the Aadhaar system often results in service denials and the reliability of biometric technologies, especially for manual labourers, in hot and humid climates is questionable.
"A certain investor service has, without citing any evidence or basis, made sweeping assertions against Aadhaar, the most trusted digital ID in the world. Over the last decade, over a billion Indians have expressed their trust in Aadhaar by using it to authenticate themselves over 100 billion times," the UIDAI said in a statement.
The unique id Aadhaar's custodian said that the report in question does not cite either primary or secondary data or research in support of the opinions presented in it.
"The investor service did not make any

Adhaar, UIDAI

The Nijjar murder is fast unfolding into treacherous scenarios that could have tragic consequences for both nations. No one stands to gain from the ongoing face-off

India Canada

India's rage is misplaced and hardly serves to endear the country to those appalled by the idea that it may have had a Canadian citizen killed

The leaders of both countries should encourage bilateral trade and people-to-people exchanges that can help build bridges

Canada has updated travel advisory for its citizens in India asking them to "stay vigilant and exercise caution" in the context of recent developments as there are calls for protests and some "negative sentiment" towards Canada on social media.
Tensions flared between India and Canada following Canadian Prime Minister Justin Trudeau's explosive allegations of a "potential" involvement of Indian agents in the killing of Khalistani extremist Hardeep Singh Nijjar, 45, on his country's soil on June 18 in British Columbia. India had designated Nijjar as a terrorist in 2020.
India angrily rejected the allegations as "absurd" and "motivated" and expelled a senior Canadian diplomat in a tit-for-tat move to Ottawa's expulsion of an Indian official over the case.
"In the context of recent developments in Canada and in India, there are calls for protests and some negative sentiment towards Canada on social media. Please remain vigilant and exercise caution," the Canadian government said in an

The appointment of Scherer, 61, heralds broad continuity inside the main commercial arm, which competes with Boeing and makes up about 70% of the company's revenues

New Airbus A321XLR Photo credit: dreamstime.com

Companies which exceed their targets earn carbon credits that can be sold to firms which fall short of their goals

carbon emission, carbon tax, climate change, pollution

The domestic pharmaceutical industry needs to focus on the research and development of innovative products in order to move up the value chain and achieve global leadership in the sector, Union minister Mansukh Mandaviya said on Tuesday.
The Union health minister, who also helms the Chemical and Fertilisers ministry, asked the medical technology companies to produce critical equipment in India for the global markets.
While formally unveiling the National Policy on Research & Development and Innovation in the Pharma-Med Tech Sector here, Mandavya said the domestic pharmaceutical companies invest less on research and development when compared to multinational companies.
"International MNCs spend 20-25 per cent of their profits in research and innovation while for Indian companies the average is around 10 per cent...Till the time we do not come out with research-led innovative products, we cannot lead the segment globally," he noted.
He said the government wants to make the pharma ...

Union Health Minister Mansukh Mandaviya

The Enforcement Directorate on Tuesday told the Supreme Court that the probe agency will not summon BRS leader K Kavitha in the Delhi excise policy case till the court hears her plea on November 20.
A bench of Justices Sanjay Kishan Kaul and Sudhanshu Dhulia told Additional Solicitor General SV Raju, appearing for the Enforcement Directorate, "Don't call her in the meantime."
Raju assured the bench that Kavitha will not be called for questioning till November 20.
The bench posted Kavitha's plea, in which she has challenged the summons issued by the agency on November 20, and said in matters where interim orders of protection are issued will be extended.
On September 15, the ED had told the apex court that the summons issued to Kavitha for her appearance before the agency will be extended by 10 days.
The ED had issued the summons dated September 4 to Kavitha, the daughter of Telangana Chief Minister K Chandrashekar Rao, seeking her appearance at the agency's Delhi office on Septemb

ED tells SC it will not summon Kavitha in Delhi excise case till Nov 20

Enforcement Directorate

Ashish Mishra, the son of Union Minister Ajay Mishra, moved Supreme Court challenging Allahabad High Court which denied bail to him in connection with the Lakhimpur Kheri violence case

Hatsun Agro Product

Indian dairy firm Hatsun Agro's Q1 profit jumps on higher milk demand

Stocks to Watch today, June 8: Banks, Auto, Lemon Tree, Adani Ent, Titagarh

Indian dairy firm Hatsun Agro falls 2.9% in animal feed, milk procurement

Ease in margins seen from Q4 for dairy cos; stay stock selective: Analysts

Stocks to Watch: IRCTC, McLeod Russel, Sugar, Adani Ports, Gail, Dish TV

Dairy firms plagued with margin woes; pick value-added players: Analysts

Hatsun Agro Product plans to sell assets of ready-to-eat business

Amul price hike: What does this mean for dairy-related stocks?

Hatsun Agro Product trades ex-date for 1:3 bonus; stock surges 14%

Hatsun Agro up 12% on bonus issue, fund raising plan; gains 70% in 6 months

Chennai-based dairy Hatsun Agro to set up plants in Maharashtra, Odisha

Hatsun Agro Product surges 20% on DSP Blackrock Mutual Fund stake buy

Hatsun Agro, Avanti Feeds hit record highs

Hatsun Agro plans Rs 450 cr expansion of ice cream, dairy capacity