As people are settling in with government's decision to ban Rs 500 and Rs 1000 notes, Vijayaraghavan G, Analyst - Agri-inputs, Midcaps, IDFC Securities, says government is taking initiatives to normalise the situation.
Rallis India has reported a weak set of earnings with net sales down 2.8 percent year on year. Discussing the results, MD & CEO V Shankar said the company has performed well despite tough environment and unusual events.
Speaking on Rallis India's robust Q3 performance its MD & CEO V Shankar said the company has been able to cross the profit numbers of the last year in the first 9 months itself.
Rallis India‘s MD and CEO Veeramani Shankar said, “Our profit from operations has risen by 36 percent and one of the good things is we have continued our focus on working capital and cash management, which has reduced our interest cost by almost 35 percent.â€
Rallis India, an agro products manufacturer, hopes that the Kharif season in the current year will be beneficial for the company based on the positive monsoon forecasts.
In an interview to CNBC-TV18, Veeramani Shankar, MD & CEO, Rallis said that depreciation in rupee and cost pressures were responsible for the shrinkage in the margins.
Ramakrishnan Mukundan, who was appointed CEO of the Rs 13,000-crore Tata Chemicals Limited (TCL), in 2009 at the age of 42, explains to CNBC-TV18 the challenges, opportunities and vision for the company.
V Shankar, MD & CEO of Rallis India says the profitability of the company was hit by lower use of crop protection products by farmers and erratic rainfall.
PK Ghose, CFO of Tata Chemicals, in an interview with CNBC-TV18's Sonia Shenoy and Mitali Mukherjee, gave his perspective of the fourth quarter performance and their divulged future plans.
In an excluisve interview with CNBC-TV18, Veeramani Shankar, Managing Director & CEO of Rallis India, says that the performance in FY11 is driven by momentous international business and revenues in this quarter as well as with good performance in the domestic front.