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06:52 pm : Flashes: Coal & Power Ministe: Expect Committee On UMPP To Submit Final Report By FY-end
06:51 pm : Flashes: Coal & Power Ministe: Will Make Sure Planned 5 UMPPs Get Timely Approvals
06:51 pm : Flashes: Coal & Power Ministe: All New UMPPs Will Get Handholding From The Govt
06:50 pm : Flashes: Coal & Power Ministe: Have Plans For UMPPs In Bihar & Jharkhand
06:50 pm : Flashes: Coal & Power Ministe: Will See Gradual Phase-out Of Exemptions
06:46 pm : Flashes: PM Said Any Positive Suggestion On Land Acqn Will Be Acted Upon
06:46 pm : Flashes: MoS Finance: Road Projects Can Be Jump-started Immediately With EPC
06:45 pm : Flashes: MoS Finance: Looking At Differential Voting Rights For PSU Bank Boards
06:45 pm : Flashes: MoS Finance: Looking At Innovative Instruments For Reinvigorating PSU Bank Boards
06:44 pm : Flashes: MoS Finance: Bank Bureau Will Be An Autonomous Body & Select Bank Chiefs
06:43 pm : Flashes: MoS Finance: Trying To Pass Constitutional Amendment To GST In This Session
06:43 pm : Flashes: MoS Finance: Can See Movement In Many Stalled Projects
06:42 pm : Flashes: MoS Finance:Govt Infra Investments Will Improve Rail Network
06:41 pm : Flashes: MoS Finance:Will Start Allocating Gross Budgetary Support Of Rs 70,000 Cr Immediately
06:40 pm : Flashes: Rs 70,000 Cr Divestment Target For FY16 Is Ambitious: :Divestment Secy
02:27 pm : Interpretations: 10% TDS introduced for PF withdrawal before 5 years
02:14 pm : Interpretations: Buyback tax up from 22.66% to 23.07% for unlisted companies
02:11 pm : Interpretations: Specific mutual fund service tax exemption withdrawn

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van | 1 hr 24 min 47 sec

MUMBAI, MARCH 31: At least five large seed companies, including Monsanto, Mahyco and BASF, have started field trials of genetically-modified (GM) crops in Maharashtra, which granted permission earlier this year. The companies are focussing on crops such as rice, corn, chickpea and cotton. Mahyco, for instance, has started carrying out trials for GM rice in the Konkan region of coastal Maharashtra. The company eventually wants to develop a rice variety which will be tolerant to salinity in the environment. Others such as Monsanto, BASF, Sungro Seeds and a large seed company based out of Andhra Pradesh have either started conducting field trials or are in the process of carrying out the same. Public-private partnership Mahyco, through its group company Sungro, is actively working on developing a GM chickpea (chana). Sungro is developing the seeds through a public-private partnership with Assam Agricultural University, which could increase farm production by 20-25 per cent. Since the permission was granted in January, the company is waiting for the right weather to carry out the trials, according to an industry source. German chemical company BASF, which also has a plant sciences division, is in the process of carrying out field trials for rice. The company, in a statement to BusinessLine, said “field trials are part of a global research project that aims to significantly increase rice yields. Through these trials in India, BASF will select the genetically enhanced rice lines which will be best adapted to Indian growing conditions and therefore most suitable for Indian rice farmers.” Monsanto is also carrying out trials for cotton and corn in Maharashtra, as a part of trials nationwide. The company, in an email statement, said: “We understand that the Genetic Engineering Approval Committee has approved field trials requests of various organisations, including that of Monsanto. State no-objection certificates have also been secured.” (This article was published on March 31, 2015)

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Best Of Budget 2015

Do you see the Budget measures firing economic growth in FY16?


  • Yes
  • No



1 April 2015, 16:00 PM

Ambareesh Baliga

Market Analyst |


Ambareesh Baliga | Mohit Gaba


Vatsal Shah | Ajay Jain

budget impact

sector impact

Leather Products

14:33 pm

Govt reduces excise duty on leather footwear to 6%

Bata India 1090.85 13.90
Relaxo Footwear 651.90 -14.00
Mirza Intl 86.85 0.80
Bhartiya Inter 417.45 17.60



14:31 pm

Excise duty on cigarettes increased by 25% for sub-65 mm cigarettes

ITC 321.25 3.75
VST 1571.40 5.80
Godfrey Phillip 421.50 -4.85
Kothari Product 213.25 0.75


Transport & Logistics

14:01 pm

Service tax hike of 2.4% for non-economy class air travel

Container Corp 1583.90 35.05
Jet Airways 488.65 10.35
Allcargo 315.55 -1.55
Aegis Logistics 606.15 9.75


Computers - Software

13:57 pm

Fee for technical services rate reduced from 25% to 10%

TCS 2557.90 44.80
Infosys 2218.35 -9.65
Wipro 655.30 0.55
HCL Tech 980.40 -0.05


Telecommunications - Service

13:56 pm

Govt reduces royalty rates

Bharti Airtel 393.30 3.90
Idea Cellular 184.00 1.00
Reliance Comm 59.25 -1.00
Tata Comm 430.35 2.40


Media & Entertainment

13:54 pm

Entertainment sector removed from service tax negative list

Zee Entertain 341.75 -0.60
Sun TV Network 416.85 11.35
Dish TV India 81.95 0.35
DB Corp 366.25 -2.90


Auto - LCVs & HCVs

13:47 pm

Import duty on vehicles with capacity more than 10 seats increased to 40% from 10%

Tata Motors 563.90 13.00
Eicher Motors 15358.20 -180.00
Ashok Leyland 73.30 -0.80
Force Motors 207.55 -10.90


Steel - Large

13:46 pm

Customs duty on bituminous coal reduced to 10% from 55%

Tata Steel 316.75 -5.65
SAIL 67.40 -1.60
JSW Steel 906.55 -5.45
Essar Steel 51.80 -5.30


Consumer Goods - Electronic

13:44 pm

Customs duty on LED, LCD panels made nil

Videocon Ind 155.85 4.80
Videocon Intl 84.25 -1.25
Mirc Electronic 9.60 0.00
Sharp India 5.20 0.20


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