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| Sonalika Tractor making in-roads in world market Excelsior Correspondent NEW DELHI, Jan 12: After establishing itself as a leading Tractor and Farm ...more' Registrar
Cooperatives’ Excelsior Correspondent JAMMU, Jan 12: Court of Registrar, Cooperative Societies has directed the respondents to pay ...more Low density polymer prices up on fresh offtake NEW DELHI, Jan 12: Low density polymer prices moved up by a rupee in the wholesale plastic market here today on account of fresh buying by plastic bag makers amid restricted supply.........more Govt permits Mitsui India to issue shares to parent co NEW DELHI, Jan 12: The Government has permitted Mitsui India to issue 27.58 million shares to its parent company Mitsui Japan through a non-cash transaction deal.As per the proposal cleared by the Foreign Investment Promotion Board (FIPB) recently, Mitsui India would issue shares to ......more |
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Steel prices rule steady NEW DELHI, Jan 12: Iron and steel markets closed on a flat note here today due to scattered buying interest.Marketmen said as compared to demand, supply remained sufficient, .....more Select centres freight up on busy cargo movements NEW DELHI, Jan 12: Freight rates for nine metric tonne pay load section of select destinations hardened on the local truck transport market here ......more NEW DELHI, Jan 12: Gur prices showed a steady trend on the wholesale gur (jaggery) market here today with prices moving in a narrow range on alternate bouts of buying and selling.Marketmen said scattered buying ....more Copper up, Nickle prices down up on global cues NEW DELHI, Jan 12: Copper and lead prices moved up and in the non-ferrous metal market here today owing to increased demand amid rise in its prices at the London Metal Exchange.However, nickle and zinc prices declined due to lack of buying interest helped by lower global cues.Marketmen said .......more |
Sonalika Tractor making in-roads in world market Excelsior Correspondent NEW DELHI, Jan 12: After establishing itself as a leading Tractor and Farm equipment manufacturer in India, Sonalika has now put its focus on gaining an international foothold. A wide range of custom built Tractors were currently been exported to over 35 countries across Asia and Africa. The company has recently unveiled a new World Trac Tractors for the developed markets of USA, Canada, Australia and Europe. Commercial launch of new shape tractor was scheduled in USA in front of over 300 dealers during this month, said L D Mittal, Chairman of Sonalika Group. He further said that a host of modern features like ergonomic shape, power steering, four wheel drive, better controls and Partial Synchro transmission have been developed in house by Sonalika’s R&D team. He added that Sonalika has access to modern technology through its international association with Ranault of France, Claas of Germany and Yanmar of Japan. Sonalika is also offering its cost effective production and development facility to leading international brands from Italy, USA and Turkey. Sonalika has been short-listed by leading Italian Tractor Company to manufacture 3500 tractors per annum for their global export markets. The company has made elaborate plans to duplicate its success in India to International markets and establish Sonalika as leading Tractor brand in the world. Sonalika enjoys strong support from its global partners like Citibank, 3i, Yanmar and JM Financial. The company is in process of short listing an international acquisition of a European Tractor company and moving at a fast pace towards new horizons, which spells that Sonalika would overtake other tractor brands in the export market during the current year. Registrar Cooperatives’ directive on CCBL loan Excelsior Correspondent JAMMU, Jan 12: Court of Registrar, Cooperative Societies has directed the respondents to pay the principal amount of Rs 44.52 lakh and the interest from the date of disbursement of the loan till September 15, 2002, to the Citizens Cooperative Bank Limited (CCBL). The respondents are M/s Kuldeep Singh and Co, M/s J&K Bonded Warehouse, M/s Eastern Trader, M/s Rashpal Finance Pvt Ltd, H R Magotra, son of D R Magotra of Shastri Nagar, Ashok Aggarwal, son of S L Aggarwal of Shakti Nagar, Amar Investment and Hire Purchase Co, Rameshwar Finance and Investment Corpn, New Royal Finance Corpn, Royal Finance Corpn and R D Sharma, son of Manmohan Sharma of Talab Tillo. After hearing counsel for the Bank, S Kakar and Madan Baru for the respondents, the Court of Registrar directed that the Bank shall take into account the already deposited 25 per cent of principal loan. The respondents were directed by the Court to either pay the balance amount in one go or in installments spread over a period of 12 months. After taking into account the consent from both the parties, the Court further directed that the repayment package may also include phased disposal of the mortgaged properties by its owners in coordination with the Bank avoiding the distress sale of the properties. For effecting the sale of such properties, the respondent shall find the prospective credible clients and after settlement, the sale proceeds shall be passed on to the Bank. The Bank shall release the charge on the mortgaged properties in writing to the respondents, only after the last penny is credited in the Bank. Low density polymer prices up on fresh offtake NEW DELHI, Jan 12: Low density polymer prices moved up by a rupee in the wholesale plastic market here today on account of fresh buying by plastic bag makers amid restricted supply. However, high density and other polymer prices moved in tight range and finished unchanged on little doings. Marketmen said better offtake by plastic bag manufacturers against restricted supply, caused the rise in low density polymer prices. Ld no 40 moved up by a rupee to settle at Rs 91 a kg on better offtake. Ld no 400 also winding up by a rupee at Rs 90 a kg in line with general trend. Following were today's quotations in Rs per kg: LD No 40 - 91.00, LD No 400 - 90.00 LLDP blowing 82.00, colour 73.00 HD Blowing 81.00, HD moulding (deshi) 79.00, HD moulding (colour) 82.00, PP No 100 80.00, PP Colour 104, ABS (Indian) 97, acrylic 130-140, colour 139-144, crystal (Indian) 80, colour 90, poly carbonate 180-190, Nylon No-6 160, Nylon No 66 -181-191, PVC resin deshi 56.00, PVC pest grade 85. (PTI) |
Govt permits Mitsui India to issue shares to parent co NEW DELHI, Jan 12: The Government has permitted Mitsui India to issue 27.58 million shares to its parent company Mitsui Japan through a non-cash transaction deal. As per the proposal cleared by the Foreign Investment Promotion Board (FIPB) recently, Mitsui India would issue shares to Mitsui Japan for a non-cash consideration. Under the arrangement, the Mitsui Japan will transfer its fixed assets to Mitsui India in lieu of consideration for 27.58 million shares. When contacted, Mitsui India officials refused to comment on the transactions but said, "We have no intentions to go public at least for a long time". Mitsui India started operations in India in 1998 as a wholly-owned subsidiary of the Japanese company, which is engaged in shipping, trading activities and technology. Among its investments in India are Transystem Logistics International, Sesa Goa, United Software Limited, Indo Japan Apparels and Indian Steel Corporation. The company till now evinced no plans to venture into broadcasting, for which it stands eligible. Meanwhile, it has an approval from the Centre to provide services in the field of Information Technology, Financial and Logistics Technology and others. (PTI) NEW DELHI, Jan 12: Iron and steel markets closed on a flat note here today due to scattered buying interest. Marketmen said as compared to demand, supply remained sufficient, therefore prices have not showed any huge fluctuation and finished on same levels. Following were today's quotations in Rs per tonne: CTD saria (kamdhenu) 8-mm, 36,200, 10-mm, 35,300, 12-mm 34,800, 16-25 mm 34,950. Rathi tor steel : 8-mm 33,700, 10-mm 33,200, 12-mm 33,000, 16-20 mm 33,100 and 25-32 mm 32,700. Saria Jai bharat (iso 9002) 8-mm 33,900, 10 mm 33,300 12-mm 32,500, 16-25 mm 33,200. Amba saria (iso-9002) 8-mm 33,500, 10-mm 32,900, 12-mm 32,300, 16-25-mm 33,200. Amba shakti: (TMT) 8-mm 33,300, 10 mm 32,600, 12 mm 31,900, 16 to 25 mm 33,100. M S Angle: (50x5) (50x6) 32,000, (25x3) (32x3) (40x3) 32,200, (40x5) (40x60) 32,500. Angle capital (ISI) (50X5) (50X6) 31,500, (40X5) (40x6) 31,700, (35X5) (65X6) 31,700-31,900. Garder (joist) (150x75) 33,000 (175x85) 33,200 (200x100) 33,500 (125x70) 33,700. T-IRON (40X5) (40X6)(50X6) 31,800-32,000. Ingot and Scrap: Bhivari 26,900-27,200. (PTI) |
Select centres freight up on busy cargo movements NEW DELHI, Jan 12: Freight rates for nine metric tonne pay load section of select destinations hardened on the local truck transport market here today following busy cargo movements against tight availability of trucks. Transporters said busy movements of cargo against less availability of lorries mainly pushed up select centres’ freight rates. Delhi to Bangalore and Mysore freight rates were traded lower by Rs 1,000 each at Rs 28,000 and Rs 30,000 respectively. Delhi to Kolkata and Chennai freights went up by Rs 1,000 each at Rs 24,000 and Rs 29,000 respectively. Rates to Surat also marked ahead by Rs 1,000 at Rs 13,000 on less availability of lorries. Following were today’s freight rates in Rs per truck load of nine metric ton: Ahmedabad 11,000 Hyderabad 24,000 Mumbai 17,000 Vijayawada 26,000 Baroda 12,000 Bangalore 28,000 Pune 18,000 Mysore 30,000 Surat 13,000 Pondicherry 34,000 Kanpur 9,000 Coimbatore 38,000 Kolkata 24,000 Chennai 29,000 Ludhiana 8,500 Kochi 42,000 Chandigarh 6,000 Thiruvananthapuram 46,000 Jaipur 4,500 Goa 24,000 Indore 12,000 Gwalior 6,500 Patna 19,000 Guwahati 38,000 (PTI) |
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NEW DELHI, Jan 12: Gur prices showed a steady trend on the wholesale gur (jaggery) market here today with prices moving in a narrow range on alternate bouts of buying and selling. Marketmen said scattered buying interest against restricted supply, mainly kept the prices flat. Muzaffarnagar and Murad Nagar gur mandies too showed a steady tendency on little buying support. Following were today’s quotations: Chakku 1050-1100, Pedi 1050-1100 and Dhayya 1075-1100. Shakkar 1200-1250 and Khandsari 1400-1450.
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