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Bayer to acquire Monsanto in all cash transaction

Bayer to acquire Monsanto in all cash transaction

Sep 14,2016

Monsanto India announced that Bayer and Monsanto signed definitive agreement under which Bayer will acquire Monsanto for USD 128 per share in an all cash transaction.

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Shri Arun Jaitley: Bureaucrats are free to render their advice/opinion during the process of decision making
Jul 29,2017

The Union Minister of Finance, Defence and Corporate Affairs, Shri Arun Jaitley said that the bureaucrats are free to render their advice/opinion during the process of decision making. He said that however, the Right to Information (RTI) Act can to some extent create hindrance in this regard and the civil servants may not feel free to do so apprehending that the later the same may become public. Thats why, the Finance Minister said that even Shri B.G.Verghese had stated that the opinion/advice given by public servants in the course of decision making should not be made public.

Shri Tejinder Khanna, former civil servant and Lt. Governor of Delhi said that the bureaucrats should be allowed to give their opinion in a free and fair manner so that the good suggestions are not left -out in the process of decision making.

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Water storage level of 91 major reservoirs of the country goes up by Eleven per cent
Jul 29,2017

The water storage available in 91 major reservoirs of the country for the week ending on July 27, 2017 was 60.906 BCM, which is 39% of total storage capacity of these reservoirs. This percentage was at 28 for the week ending on July 20, 2017. The level of July 27, 2017 was 104% of the storage of corresponding period of last year and 100% of storage of average of last ten years.

The total storage capacity of these 91 reservoirs is 157.799 BCM which is about 62% of the total storage capacity of 253.388 BCM which is estimated to have been created in the country. 37 Reservoirs out of these 91 have hydropower benefit with installed capacity of more than 60 MW.

REGION WISE STORAGE STATUS:-

NORTHERN REGION

The northern region includes States of Himachal Pradesh, Punjab and Rajasthan. There are six reservoirs under Central Water Commission (CWC) monitoring having total live storage capacity of 18.01 BCM. The total live storage available in these reservoirs is 9.24 BCM which is 51% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 35% and average storage of last ten years during corresponding period was 44% of live storage capacity of these reservoirs. Thus, storage during current year is better than the corresponding period of last year and is also better than the average storage of last ten years during the corresponding period.

EASTERN REGION

The Eastern region includes States of Jharkhand, Odisha, West Bengal and Tripura. There are 15 reservoirs under CWC monitoring having total live storage capacity of 18.83 BCM. The total live storage available in these reservoirs is 8.20 BCM which is 44% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 32% and average storage of last ten years during corresponding period was 32% of live storage capacity of these reservoirs. Thus, storage during current year is better than the corresponding period of last year and is also better than the average storage of last ten years during the corresponding period.

WESTERN REGION

The Western region includes States of Gujarat and Maharashtra. There are 27 reservoirs under CWC monitoring having total live storage capacity of 27.07 BCM. The total live storage available in these reservoirs is 11.91 BCM which is 44% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 35% and average storage of last ten years during corresponding period was 39% of live storage capacity of these reservoirs. Thus, storage during current year is better than the storage of last year and is also better than the average storage of last ten years during the corresponding period.

CENTRAL REGION

The Central region includes States of Uttar Pradesh, Uttarakhand, Madhya Pradesh and Chhattisgarh. There are 12 reservoirs under CWC monitoring having total live storage capacity of 42.30 BCM. The total live storage available in these reservoirs is 18.43 BCM which is 44% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 50% and average storage of last ten years during corresponding period was 35% of live storage capacity of these reservoirs. Thus, storage during current year is less than the storage of last year but is better than the average storage of last ten years during the corresponding period.

SOUTHERN REGION

The Southern region includes States of Andhra Pradesh, Telangana, AP&TG (Two combined projects in both states) Karnataka, Kerala and Tamil Nadu. There are 31 reservoirs under CWC monitoring having total live storage capacity of 51.59 BCM. The total live storage available in these reservoirs is 13.12 BCM which is 25 % of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 30% and average storage of last ten years during corresponding period was 41% of live storage capacity of these reservoirs. Thus, storage during current year is less than the corresponding period of last year and is also less than the average storage of last ten years during the corresponding period.

States having better storage than last year for corresponding period are Himachal Pradesh, Punjab, Jharkhand, Odisha, West Bengal, Tripura, Gujarat, Maharashtra, Uttar Pradesh, Uttarakhand, and Chhattisgarh. States having lesser storage than last year for corresponding period are Rajasthan, Madhya Pradesh, AP&TG (Two combined projects in both states), Andhra Pradesh, Telangana Karnataka, Kerala, and Tamil Nadu.

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China Stocks eke out modest gains
Jul 28,2017

The Mainland China equity market managed to eke out modest gains on Friday, 28 July 2017, bolstered by recent solid economic data, investment of pension funds, and the countrys pledge to persist with supply-side reforms. Non-ferrous metal producers, consumer shares, and iron and steel companies are among the biggest gainers today. The benchmark Shanghai Composite Index climbed 0.11%, or 3.46 points, to 3,253.24 while the Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.13%, or 2.41 points, to 1,868.37. The CSI 300 Index - which tracks large caps listed in Shanghai and Shenzhen - edged up 0.3% or 9.70 points to 3,721.89. For the week, CSI300 was down 0.2%, while SSEC gained 0.5%.

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Hong Kong Stocks slip on profit taking
Jul 28,2017

The Hong Kong stock market finished session lower on Friday, 28 July 2017, as investors took profits off the table after strong gains earlier in the week and on tracking overnight losses in US technology stocks. The Hang Seng Index slipped from Thursdays highest level in 25 months, falling 0.6% or 151.78 points to 26,979.39. The gauge rose 1% for the week, a third straight weekly gain. The Hang Seng China Enterprises index slid 0.9% or 102.11 points to 10,756.08. Turnover decreased to HK$78.9 billion from HK$90 billion on Thursday.

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Nikkei falls as strong yen hurt exporters
Jul 28,2017

The Japan share market finished session lower on Friday, 28 July 2017, hurt by tracking weak lead from Wall Street overnight and the yens advance against the U.S. dollar. Market sentiment was also dented by concerns for the future course of the administration of Prime Minister Shinzo Abe after the resignation earlier in the day of the defense chief in relation to a coverup scandal. Most of the industry category on the main section lost ground, led by securities, air transportation and electric appliance-linked issues. The 225-issue Nikkei Stock Average lost 119.80 points, or 0.60%, to close the day at 19,959.84. The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, dropped 5.62 points, or 0.35%, to finish at 1,621.22.

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Australia Market falls on profit booking
Jul 28,2017

Australian equity market finished session lower on Friday, 28 July 2017, as investors elected to book gains made this week on caution ahead of upcoming earnings as well as second quarter US economic growth data. Most of sectors declined with financials and materials leading the losses on the Australian benchmark index. The S&P/ASX 200 index fell 1.4%, or 82.21 points to 5,702.8 at the close of trade. The benchmark closed down 0.4% for the week.

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Board of Mangal Credit & Fincorp accepts resignation of director
Jul 28,2017

The Board of Mangal Credit & Fincorp at its meeting held on 28 July 2017 has approved the resignation of Director, Shyamkumar Agrawal from the Board of the Company.

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Board of SBEC SUGAR approves scheme of amalgamation
Jul 28,2017

The Board of Directors of SBEC SUGAR at its meeting held on 28 July 2017 have considered and approved the scheme of amalgamation for merger of SBEC Bioenergy (transferor company) with SBEC SUGAR.

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Board of Automotive Stampings & Assemblies appoints CFO
Jul 28,2017

Automotive Stampings & Assemblies announced that the Board of Directors of the company at its meeting held on 28 July 2017 approved the appointment of Anubhav Maheshwari as CFO with effect from 28 July 2017.

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Consumer Grievance Redressal System in the Country
Jul 28,2017

Under the provisions of the Consumer Protection Act, 1986, there is a three-tier quasi-judicial mechanism in place for redressal of consumer grievances. These are District Fora at the districts, State Consumer Disputes Redressal Commission in States and the National Consumer Disputes Redressal Commission at the Centre.

The National Consumer Disputes Redressal Commission holds circuit bench sitting from time to time at different state capitals to expedite the process of adjudication.

As an alternative means of redressal, consumers can also lodge complaints with the National Consumer Helplines (NCH). There are around 250 companies which have partnered with NCH for redressal of consumer grievances. Complaints received against these companies are referred to them for redressal.

In terms of the BIS Act, 1986, the Bureau of Indian Standards has been established for the harmonious development of the activities of standardisation, and marking and quality certification of goods etc. The Bureau has powers to grant, renew, suspend or cancel a licence for use of the standard mark and inter alia, make inspections and collect samples to see conformity with the Indian standard as also whether the standard mark has been improperly used.

The Department has introduced Consumer Protection Bill, 2015 in the Lok Sabha in August, 2015, which contains a number of provisions for strengthening the consumer grievance redressal mechanism. A new BIS Act, 2016 has also been notified.

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Jindal Stainless (Hisar) to conduct board meeting
Jul 28,2017

Jindal Stainless (Hisar) will hold a meeting of the Board of Directors of the Company on 7 August 2017.

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ABC Bearings to conduct board meeting
Jul 28,2017

ABC Bearings will hold a meeting of the Board of Directors of the Company on 4 August 2017, to approve the unaudited Financial Results for the quarter ended June 30, 2017

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Sparc Systems to conduct board meeting
Jul 28,2017

Sparc Systems will hold a meeting of the Board of Directors of the Company on 14 August 2017, to approve the Unaudited Financial Results for the quarter ended June 30, 2017,

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Kiduja India to conduct board meeting
Jul 28,2017

Kiduja India will hold a meeting of the Board of Directors of the Company on 8 October 2017, to approve the Unaudited Financial Results for the quarter ended 30th June, 2017.

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Integra Switchgear to table results
Jul 28,2017

Integra Switchgear will hold a meeting of the Board of Directors of the Company on 4 August 2017, to approve un-audited financial result for the quarter ended 30.06.2017.

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