Jammu Ford unveils
new Ford Fiesta

Excelsior Correspondent

JAMMU, July 17: Jammu Ford today launched its much awaited all New Ford Fiesta in the city of temples. The car was unveiled by...more

Mobile money transaction will take 4 years to catch on: Report

MUMBAI, July 17: Mobile money transactions will require four years to become widely accepted by consumers globally, according to a KPMG report.KPMG conducted a survey of nearly 1,000 executives from the financial services..more

Govt moots independent authority to curb illegal mining

NEW DELHI, July 17: Intensifying its drive against large-scale illegal mining, the government has approved setting up an independent sectoral regulator vested with the power to investigate such cases and launch prosecution.The decision to set up an independent regulator....more

Waiting period for Honda’s CB Unicorn bike increased to 6 mths

CHENNAI, July 17: If you are looking to buy yourself a new 150-cc CB Unicorn motorbike, you should keep in mind that Honda Motorcycles and Scooters India has increased the waiting period for its flagship model to six months on account of huge demand.The company, :...more

Donations by Indians
grew by half in last 4
years: Study

MUMBAI, July 17: Philanthropic donations by wealthy Indians have grown by half in the last four years and touched approximately 5-6 billion USD, or up to 0.4 per cent of GDP, in 2010, a study by consulting firm Bain and Company said.Further, the study, in which 300 wealthy individuals...more

Woodland in talks
with Chinese company
for partnership

NEW DELHI, July 17: Shoe and apparel firm Woodland is in talks with a China-based footwear company for a partnership to establish presence in Chinese market and also for launching the latter’s brand in India......more

Thomas urges PM
for a separate ministry
for dairy & fishery

NEW DELHI, July 17: In a development that may put NCP leader and Agriculture Minister Sharad Pawar at unease, Food Minister K V Thomas has written to the Prime Minister to create a separate ministry for Animal Husbandry, Dairy ....more

For India Inc, training must for sons, daughters too!

NEW DELHI, July 17: Industrialists passing on the baton to their children may be a common practice in India, but the next-generation is not getting the crown on a platter anymore and is rather being ‘trained’ for the top job.Experts say that the succession planning has come a long way from the earlier .....more

Power Min plans to lure medium scale enterprises for BoP works...

Infosys, TCS top losers in m-cap last week...

India best in telecom tariff regulation,low on spectrum issues...

Cashew rises on fresh buying support, low stocks ..

 

Jammu Ford unveils new Ford Fiesta

Excelsior Correspondent

JAMMU, July 17: Jammu Ford today launched its much awaited all New Ford Fiesta in the city of temples.

The car was unveiled by Vinay Raina, Sales Head Planning, Ford India Limited, while as Sanjay Aggarwal, Managing Director, Jammu Ford, Pawan Kohli, general manager and Varinder Singh, were also present.

While speaking, Pawan Kohli informed that the Figo's success has been resounding in last one year.

He added that the Ford has announced plans to launch eight new products in India by middle of the decade and Fiesta is the first of these eight global products.

Fiesta as a product which will be delivered on three key points, intuitive technology such as voice control, addictive driving given features such as EPAS with pull drift technology and cruise control and best in class fuel economy and low cost of ownership, Kohli added.

He said that this was a defining moment for Jammu Ford and they look forward to the people of the State to visit their Jammu showroom to have the glimpse of the new car from today.

Kohli also opened the bookings and informed that the car will be delivered on the first come first serve basis.

He added that the response was so encouraging that many a customers offered on spot bookings.

Mobile money transaction will take 4 years to catch on: Report

MUMBAI, July 17: Mobile money transactions will require four years to become widely accepted by consumers globally, according to a KPMG report.

KPMG conducted a survey of nearly 1,000 executives from the financial services, technology, telecommunications and retail sector and found that 83 per cent expected mobile payments to be mainstream within four years.

However, KPMG itself is of the opinion that the mobile money transactions will grow at a faster pace than what the respondents anticipate.

"We believe that exploding smartphone growth and myriad opportunities will grow mobile payments at a much faster rate than our respondents anticipate," KPMG Global Chair of the Technology, Communication and Entertainment, Gary Matuszak said.

"A wide variety of payments is ready for adoption, as several key players already provide or are rolling out mobile payments, and interest among consumers in utilising mobile payments is growing in line with the industry’s readiness to deploy them," he added.

The mobile money transactions are estimated to reach 350 billion USD by 2015, and the number of mobile users in the country is expected to touch 900 million from the current 500 million. Industry experts believe that there would be 150 million smartphone users by 2015.

Nearly 72 per cent of the executives said mobile payments will be reasonably important in the future, while 58 per cent said they have a mobile payments strategy in place.

"There is a consensus on the significant value of this opportunity among executives across geographies and industries, but the type and size of opportunity varies between the developed and developing countries, depending on the depth and reach of the financial infrastructure in place," Matuszak said.

"We believe that firms willing to engage in cross-industry partnerships, are more likely to succeed and dominate the market due to the complex set of business relationships, required to deliver mobile payments to a mass market," he added.

The survey noted that 81 per cent found that convenience or accessibility was the most important factor in mobile payment, while 73 per cent said the technology should be simple and easy to use.

About 57 per cent of respondents said the transactions should be secure and 43 per cent said it should be low cost.

"Consumer convenience and perception of security will be the key for adoption of mobile payments in India," KPMG Advisory Services Director Kunal Pande said.

Banks, credit card companies, telecom operators and online service providers are expected to benefit from the mobile payment transaction.

Telecom operators favour the M-Wallet services and nearly one-third of the telecom providers said they were likely to gain traction in their region.

"Our view is that M-Wallet is one of the most exciting and promising payment opportunities. M-Wallet provides the momentum to move beyond payments to participate in the entire chain of mobile commerce, from consideration and brand awareness to purchase after-sales loyalty and care," KPMG Europe Technology Sector Head Tudor Aw said.

The National Payments Corporation of India provides mobile payment option to customers in a tie-up with more than 20 banks. Telecom operators like Airtel, Vodafone, Idea and hand-set maker Nokia have partnership with banks for M-wallet services. (PTI)

Govt moots independent authority to curb illegal mining

NEW DELHI, July 17: Intensifying its drive against large-scale illegal mining, the government has approved setting up an independent sectoral regulator vested with the power to investigate such cases and launch prosecution.

The decision to set up an independent regulator, the National Mining Regulatory Authority (NMRA), for the mining sector was taken by a Group of Ministers (GoM) formed to iron out inter-ministerial differences on the Mines and Minerals Development and Regulation (MMDR Bill 2011) in its recent meeting.

"On the role of NMRA, it was agreed that it would be a body to review sectoral issues... And would have the power to investigate and launch prosecution against cases of large-scale illegal mining," the GoM headed by Finance Minister Pranab Mukherjee had resolved.

The ministerial panel also recommended the establishment of similar authorities by state governments at their level to curb illegal mining, as per an official document.

It said the authority, besides keeping a close vigil on illegal mining and reviewing sectoral issues, will also advise the government on policy and strategy, including royalty rates.

Asking the Mines Ministry to prepare a fresh draft of the Bill, the panel directed it to "place it (MMDR Bill, 2011) before the Cabinet for approval at the earliest, so that the Bill can be introduced in the Monsoon session of Parliament".

Concerned over increasing instances of illegal mining in 11 mineral-rich states, the Centre has already asked all state governments to constitute high-level committees to crack down on the menace.

At present, there are not enough legal provisions for central intervention when illegal mining takes place in states. The magnitude of the problem is such that as many as 42,000 cases of violation were detected in the states last year.

Earlier, former Mines Minister B K Handique had said that once the authority comes into force, the Centre would be able to terminate the lease of miners indulging in illegal mining in case the states do not act against the perpetrators. (PTI)

Waiting period for Honda’s CB Unicorn bike increased to 6 mths

CHENNAI, July 17: If you are looking to buy yourself a new 150-cc CB Unicorn motorbike, you should keep in mind that Honda Motorcycles and Scooters India has increased the waiting period for its flagship model to six months on account of huge demand.The company, after entering India, introduced the Unicorn in 2005. Built by Honda’s R&D team in Japan and internally called the CBF150M, it was made to order for Indian road conditions.

However, after the launch of its first edition, the company silently revamped it with minor changes and termed it "CB Unicorn" to comply with Euro III norms.

Unicorn competes in the fiercely fought 150-cc segment, which has Pulsar from Bajaj Auto Ltd and the Apache 160-cc of TVS Motor Company.

A senior company official confirmed that the waiting period has been increased to six months due to the unprecedented demand.

"We have not stopped production. It is well on course. We have only increased the waiting period. It should be available in six months," the official said, requesting anonymity.

After setting up its first manufacturing facility in Gurgaon with capacity of 16 lakh per annum, Honda also embarked on increasing capacity with escalating demand for its products.

To increase productivity and to address "long waiting periods", HMSI recently inaugurated a new facility at Tapukara, in Rajasthan, with an annual capacity of 12 lakh units. The company will invest over Rs 800 crore on the plant.

Besides the Unicorn, the company’s popular selling scooterette Activa comes with a waiting period of four to five months for specific colours like white, gold and metallic silver. However, basic colours like red and black have a waiting period of one to two months, he said.

On the Unicorn, the official said the bike fitted with mono-shock suspension, a first of-its-kind in India, has become one of the most sought after two-wheelers in India.

While the earlier version featured spoke wheels and a kick start option, HMSCI equipped the new "CB Unicorn" with a BS III engine, large logos and electric-start option.

It is pertinent to note that the company’s other 150-cc offering, the CB Unicorn Dazzler, equipped with double disc brakes and mono-shock absorbers, also has a waiting period of three to four months.

While CB Unicorn Dazzler models in Red and Black colour are delivered after 30 days, customers looking for colours like Metallic Grey and Gold need to wait for three months.

Despite the demand for its products, the company witnessed a 5.89 per cent jump on motorcycles sales to 70,135 units in June, 2011, from 66,234 units in June, 2010. Total sales stood at 1,48,937 units in June, 2011, as against 1,45,973 units in the corresponding month of the previous year. (PTI)

Donations by Indians grew by half in last 4 years: Study

MUMBAI, July 17: Philanthropic donations by wealthy Indians have grown by half in the last four years and touched approximately 5-6 billion USD, or up to 0.4 per cent of GDP, in 2010, a study by consulting firm Bain and Company said.Further, the study, in which 300 wealthy individuals participated, has found that 40 per cent of wealthy individuals in India plan to increase their philanthropic donations over the next five years.

"Going forward, as the wealthy population grows and India’s philanthropic network becomes more evolved and efficient, we will witness greater levels of giving," India Philanthropy Report 2011, author Arpan Sheth told PTI here.

While, 74 per cent of the donations in India come from the corporate sector and foreign funds, individual contributions constitute only 26 per cent, Sheth said, quoting the findings of the report.

The corporate donations alone have grown five times since 2006, to over 1.5 billion USD, he said.

When it comes to allocation of funds, education, food and clothing, housing and healthcare are some of the biggest areas where the money is devoted, the report added.

Sheth said that even though the data collected has been encouraging, India still lags behind the developed countries, where the private giving as a percentage of GDP is much higher. In the USA, it is one of the highest at 2.2 per cent, while in the UK it stood at 1.3 per cent in 2010.

The report also recommends steps like increasing accountability and transparency throughout the giving chain, having professional NGOs; promotion of the culture of giving and creation of a conducive environment for giving that will help boost philanthropy in India. (PTI)

Woodland in talks with Chinese company for partnership

NEW DELHI, July 17: Shoe and apparel firm Woodland is in talks with a China-based footwear company for a partnership to establish presence in Chinese market and also for launching the latter’s brand in India.

"Talks are at an advanced stage with a Chinese company to launch the Woodland brand in China," Woodland Managing Director Harkirat Singh said.

He, however, declined to disclose details of the plan and the name of the Chinese company but said an official announcement is expected on the same in a couple of months.

On the nature of partnership with the Chinese firm, he said: "(It could be) by way of a joint venture or any other form of partnership. We will also launch the brand of the Chinese company in the Indian market."

Woodland has presence in China through a distributor in Hong Kong for products sold at the multi-brand retail outlets.

The company currently exports to overseas markets such as the Middle East, Europe and South East Asian countries.

In India, Woodland is expanding its manufacturing operations, retail presence by opening new exclusive outlets and increasing online sales.

The company is investing Rs 100 crore in this fiscal to set up a new manufacturing unit for denim and woven garments at Greater Noida and open 60 more exclusive stores.

Currently, it operates over 300 exclusive outlets and also sells its products at over 400 multi-brand stores.

It new unit at Greater Noida being set up with an investment of about Rs 60-70 crore is likely to start production in the next 3-4 months.

For the current financial year, the company expects 30 per cent growth to touch a turnover of Rs 800 crore. (PTI)

Thomas urges PM for a separate ministry for dairy & fishery

NEW DELHI, July 17: In a development that may put NCP leader and Agriculture Minister Sharad Pawar at unease, Food Minister K V Thomas has written to the Prime Minister to create a separate ministry for Animal Husbandry, Dairy and Fisheries to realise the untapped potential in these sectors.

At present, the Department is under the Ministry of Agriculture and Cooperation headed by Sharad Pawar.

"I fervently request Prime Minister to kindly consider establishment of a separate ministry with a separate minister exclusively for Department of Animal Husbandry, Dairy and Fisheries," Thomas, who is Minister of State with independent charge for food and consumer affairs, said in a letter.

Early this year, Thomas, a Congress MP from Kerala, was elevated as MoS with independent charge after Pawar decided to give up the portfolio of Consumer Affairs, Food and Public Distribution.

"I have a feeling that the Department has not so far acquired as much development as it should have been. ...Since the Department is functioning under Ministry of Agriculture and Cooperation, the pre-dominant attention is paid only towards agriculture, diluting the required attention towards animal husbandry," he pointed out.

Thomas has special interest in fisheries development and was a fisheries minister in the Kerala government in 2001.

The minister had met Prime Minister Manmohan Singh a couple of months back on this issue emphasising the need for a separate ministry saying there was a lot of potential in this sector with plenty of funds and scope for development.

In the letter, Thomas highlighted that animal husbandry output constitutes over 30 per cent of the country’s agricultural sector. The contribution of livestocks and fishery sector to the total GDP has been over 6 per cent.

Besides, India is endowed with a high population of livestock in the world and also the largest producer of milk, he added. (PTI)

For India Inc, training must for sons, daughters too!

NEW DELHI, July 17: Industrialists passing on the baton to their children may be a common practice in India, but the next-generation is not getting the crown on a platter anymore and is rather being ‘trained’ for the top job.

Experts say that the succession planning has come a long way from the earlier days, when the children of business heads of family-run businesses used to be directly appointed as CEOs or deputy-CEOs.

Nowadays, the son or daughter of a business head generally joins the company run by his family at a relatively younger age and at a lower position and the moves up the ladder over a period of time, they added.

Realty giant DLF has become the latest major corporate to reveal that a new next-generation member from its founding family has joined the group, but Rahul Talwar—a grandson of Chairman K P Singh - would begin his journey as a ‘trainee’.

While announcing a separate corporate entity for his businesses carved out of 190-year old RPG group, industrialist Sanjiv Goenka was also seen last week sitting beside his 21- year old son Shashwat Goenka. Sanjiv said that his son would soon join the business after graduating from Wharton.

Earlier this year, Mukesh Ambani had his son Akash for company in London, when Reliance Industries signed one of its biggest business transaction—the USD 7.2 billion deal with global energy giant BP Plc.

The presence of 19-year old Akash Ambani at the occassion sparked strong rumours about he being groomed as the heir-apparent for the chief of India’s most valued company. Prior to this, he was seen alongside mother Nita Ambani when Mumbai Indians IPL team was bidding for players last year.

However, there is no word yet from RIL about Akash joining the group and the group has previously said that it has put in place a proper framework for grooming leadership talent and was focussing on creating a leadership pipeline.

A host of other companies in recent past have, however, announced appointment of sons and daughters of their chiefs in various positions within the group.

But, the companies are not only looking at people from the family and the next-generation members are also joining companies outside their family-run businesses, experts say.

"They are not looking people from within the family only. A lot of people are looking for people from outside only," said Rajan Wadhawan, Executive Director, Financial Advisory Services at consultancy major PriceWaterhouseCoopers.

"It depends from group to group, like Tatas they are ready for external candidate as well, they are trying to distinguish between the ownership and the management, they are not looking at people who may or may not belong to the promoter group to run the organisation," he added.

While Tata group has set up a search panel to find a successor to Ratan Tata, who is scheduled to retire in December 2012, a sons and daughters of chief of a host of other companies have joined the business in recent past.

IT major Wipro chief Azim Premji’s son Rishad joined the business at a lower level about four years ago and became Chief Strategy Officer this year. Azim Premji has, however, said that his sons would have to earn their positions.

Last year, retail-to-telecom behemoth Bharti group chief Sunil Mittal’s son Shravin also joined as a manager in a group company, after previously having worked outside the group.

A host of other groups, such as Vijay Mallya-led UB Group, Shiv Nadar-promoted HCL, Kishore Biyani-led Future Group, Godrej, Piramal and TVS groups have recently seen sons or daugthers of their chiefs joining their businesses.

On the other hand, groups like Infosys, HDFC, Axis Bank and ICICI Bank have seen new successors being put in place from outside the family of their previous chiefs, but from within the organisation in many cases.

Wadhawan said that more and more groups are now focussing on getting right candidates, irrespective of them being from the faimily and many companies also opening up to the idea of bringing expat CEOs in their globalisation drive.

"Indian companies’ succession planning is evolving in a perticular way. People have started to think about it in the last few years, when the economy opened up and globalisation happened, whereas in the West it developed much earlier.

"Besides, the percentage of ownership in a company in the West is much less than in India. But now, more and more Indian companies are doing it in line with western peers," he added.

HR consultancy major Ma Fai Randstad’s President Staffing Aditya Narayan Mishra agreed: "More and more organistions are looking for qualified talent to take over the mantle rather than thinking about having family members as successors."

"It may so happen that many organistion find family members to be better choices, but the outlook for succession planning is slowly undergoing a change in India as well as worldover," he added.

Mishra said that "earlier perception was to keep the wealth generated within the family... In the 90s it was almost like given that the successor will be from in-house.

"In the last decade the thinking of the top boss of the company has changed," he added.

PwC’s Wadhawan also said that "over the years Corporate India has realised the need for succession planning and more and more of them are focusing on this."

"While passing the baton to the next generation, they are not necessarily looking in-house only, they are looking at external talent also. They have realised that they need to distinguish between the owners and professional managers," he added. (PTI)

Power Min plans to lure medium scale enterprises for BoP works

NEW DELHI, July 17: The Power Ministry has mooted the idea of encouraging participation of medium-scale entities in Balance of Plant (BoP)-related activities amid many projects getting delayed due to BoP issues.

Balance of Plant (BoP) generally refers to systems and components in a power plant, other than main equipment such as turbines and boilers.

The proposal to bring in medium scale enterprises for BoP activities has been mooted by Minister of State for Power K C Venugopal.

According to sources, the idea has been accepted by Power Minister Sushilkumar Shinde. The Central Electricity Authority (CEA), the nodal advisory body for the power ministry, has been directed to start groundwork for the same, they added.

The latest proposal comes at a time when the Ministry expects to see a capacity addition of over 80,000 MW during the 12th five year plan (2012-17).

Sources said that more than 7,000 MW of capacity addition plans are getting postponed due to BoP issues.

Setting up of coal and ash handling units, cooling systems, power house and bunker structural works, are among the BoP activities.

Non-readiness of BoP systems as well as limited number of such manufacturers are found to be main factors in many project delays.

With ambitious targets and increasing number of new projects, there is a necessity to have more number of BoP players. The presence of more medium scale entities would help in tackling BoP issues, sources said.

State-run thermal power major NTPC is expected to place about 70 contracts, related to BoP, in the next two years but currently there are only about ten vendors, who meet the requisite qualifying criteria, they noted.

Currently, ThyssenKrupp Industries, Tecpro Systems and McNally Bharat Engineering Company are among the entities involved in BoP-related works.

In tune with country’s economic growth, the power sector is anticipated to see an investment of USD 300-400 billion in the 12th plan.

So far, more than 38,000 MW capacity has been added in the 11th plan and the same is projected to be over 50,000 MW by the end of March 2012. (PTI)

Infosys, TCS top losers in m-cap last week

MUMBAI, July 17: The combined market capitalisation (m-cap) of five of the country’s top-10 firms, including blue chips like Infosys and TCS, declined by Rs 21,987.96 crore during the last week amid a sluggish broader market sentiment.

Hit by muted earnings, IT bellwether Infosys lost Rs 14,202.34 crore from its m-cap, which stood at Rs 1,56,782.72 crore.

Infosys’ net jumped nearly 16 per cent to Rs 1,722 crore and its revenues rose to Rs 7,485 crore in the first quarter ended June 30, 2011, which according to market experts were below street expectations.

Shares of the company also took a hit and dropped by over 8 per cent to end the week at Rs 2,730.55.

Similarly, the country’s largest software company TCS lost Rs 4,589.63 crore from its market valuation which was at Rs 2,24,696.35 crore.

Despite registering a 26.7 per cent rise in net profit to Rs 2,415 crore for the first quarter of 2011-12, TCS saw dip in its m-cap. Shares of the company also fell by 2 per cent to end the week at Rs 1,148.05 on the BSE.

The other major dampener from the coveted list was telecom giant Bharti Airtel whose m-cap diminished by Rs 2,088.63 crore to Rs 1,49,090.64 crore.

Power producer NTPC’s market worth slipped by Rs 618.41 crore to Rs 1,55,962.88 crore.

Country’s biggest lender SBI, too, saw its valuation dipping by Rs 488.95 crore to Rs 1,56,902.85 crore.

In contrast, Reliance Industries, ONGC, Coal India, ITC and ICICI Bank saw addition in their respective m-cap.

RIL saw its market cap surging by Rs 6,188.09 crore to Rs 2,85,928.9 crore and state-owned ONGC’s valuation advanced by Rs 1,668.32 crore to Rs 2,37,970.68 crore.

Coal India also saw its m-cap swelling by Rs 2,273.89 crore to Rs 2,30,926.12 crore and FMCG honcho ITC added Rs 953.41 crore to its m-cap which was at Rs 1,55,908.86 crore.

Private sector lender ICICI Bank saw a mild addition of Rs 11.06 crore to its m-cap which stood at Rs 1,22,131.54 crore.

Meanwhile, the BSE benchmark index Sensex fell by over 296 points to end the week at 18,561.92. (PTI)

India best in telecom tariff regulation,low on spectrum issues

NEW DELHI, July 17: India’s regulatory regime has been found to be the best for mobile phone tariffs but the 2G spectrum allocation controversy has pulled it down in a recent perception survey of seven nations conducted by telecom regulation and policy study firm Lirneasia.

"In India, the regulator does not regulate most of the prices where as in other countries, we surveyed, there are regulatory interventions," Payal Malik, senior research fellow of Lirneasia said.

India scored 3.9 for mobile phone tariffs on scale of 1 to 5. This was followed by Pakistan with score of 3.3 on the same scale.

Other countries surveyed by Lirneasia were Bangladesh, Sri Lanka, Indonesia, Philippines and Thailand.

Tariffs was the only one of the five points where India scored the highest. It took beatings from Pakistan which scored the highest in rest of the key dimensions vital for health of telecom industry.

Pakistan scored highest for having transparent licensing condition, allocation of spectrum, interconnection rules, utilisation of universal service fund (USF) and action on anti-competitive practices.

Despite having a successful and transparent 3G spectrum bidding, India scored lowest in the allocation of radio waves and Pakistan scored highest.

"The 2G controversy dampened the score so much so that a very successful 3G auction, though very delayed, was not rewarded by the respondents," Malik said.

The survey also noted that world average of base spectrum allocated to per operator is 17.18 Mhz where as in India it is only 6.2 Mhz.

On USOF utilisation, survey showed Pakistan has performed far better than India.

"Pakistan collects only 1.75 per cent of adjusted gross revenue of telecom operators for USF compared to five per cent charged in India. Pakistan’s USF board consists of private players and government. It has high disbursement rate compared to India where nearly USD 4.2 billion USF is unused," Malik said.

The questions for survey were based on telecom Regulatory Reference Paper of the General Agreement on Trade in Services (GATS). (PTI)

Cashew rises on fresh buying support, low stocks

NEW DELHI, July 17: Cashew prices rose up to Rs 30 per kg in the national capital today, largely driven by fresh buying by retailers and stockists, amid tight stocks position.

A slow down in production and positive cues from overseas markets also supported the upside.

Cashew kernel No 180, No 210, No 240 and No 320 rose up to Rs 30 to Rs 690-700, Rs 620-645 Rs 575-610 and Rs 520-575 per kg, respectively.

Market analysts said increased buying by retailers and stockists against tight supplies from the southern region due to slowing production, mainly pushed up cashew prices.

Following are today’s quotations:

Almond (California) Rs 10,600 Almond (Gurbandi-new) Rs 5,200-5,500; Almond (Girdhi) Rs 2,900-3,100; Abjosh Afghani Rs 7,000-20,000.

Almond Kernel (California) Rs 370-380 per kg, Almond Kernel (Gurbandi-new) Rs 350-410 per kg.

Chilgoza (Roasted) (1 kg) Rs 1,400-1,500 Cashew Kernel 1 kg (no 180) Rs 675-685

Cashew Kernel (no 210) Rs 605-625

Cashew Kernel (no 240) Rs 555-580

Cashew Kernel (no 320) Rs 505-555

Cashew Kernel Broken 2 pieces Rs 415-495 Cashew Kernel Broken 4 pieces Rs 410-470 Cashew Kernel Broken 8 pieces Rs 360-435 Copra (qtl) Rs 7,500-7,600

Coconut Powder (25 kg) Rs 3,000-3,700

Dry Dates Red (qtl) Rs 3,500-7,500

Fig Rs 7,500-15,000

Kishmish Kandhari Local Rs 10,000-10,500 Kishmish Kandhari Special Rs 13,000-26,000 Kishmish Indian Yellow Rs 4,000-5,200

Kishmish Indian Green Rs 5,800-8,000 Pistachio Irani Rs 680-700 Pistachio Hairati Rs 900-920 Pistachio Peshawari Rs 1,150-1,225 Pistachio Dodi (Roasted) 520-565 Walnut Rs 170-275 Walnut Kernel (1kg) Rs 400-700.

(PTI)

 
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