Moneycontrol analyses FII, DMF underweight-overweight positions for June 2024
The commission issued such a direction to the state government after a team headed by its chairperson Harsh Chouhan reviewed different aspects related to socio-economic development of tribal community in Odisha.
CNBC-TV18 learns that the ministry may seek revision of basic customs duty between 10-25 percent, where the tax levied on long products would be 10 percent and on flat and stainless steel products would be 15 percent.
In an interview with CNBC-TV18, P Ramesh Babu, CMD of SMS Pharma said that so far six Drug Master Files (DMFs) have been filed in this fiscal and one audit is still pending for the Hyderabad unit.
Analysts polled by CNBC-TV18 poll say that reversal of higher DMF provisions will aid margins. DMF has been notified at 30 percent of royalty but in Q1FY16 the company was providing for DMF at 50 percent.
Heidelberg will pass on the price rise — coming from district mineral fund (DMF) and value-added tax (VAT) — to customers, Jamshed Naval Cooper, CEO and MD of Heidelberg Cement India
The DMF is a corpus collected from miners to be used for the welfare of the people affected by mining
Union Minister for Steel and Mines Narendra Singh Tomar says 10 percent of royalty will be set aside for new mining leases while 30 percent will be set aside for existing mining leases.
Total income, during the quarter, rose to Rs 3,758 crore up 7 percent from Rs 3,517.5 crore year-on-year. It earned forex gain of Rs 1.2 crore in Q1FY16 against Rs 47.6 crore (Y-o-Y).
Hindustan Zinc is set to invest Rs 8,000 crore in Rajasthan over the next three years. A subsidiary of Vedanta Resources, HZL, will invest Rs 6,600 crore in mining and Rs 1,400 crore in Greenfield fertiliser plant. The company has close to Rs 30,000 crore cash in books.
The select panel on MMDR has recommended additional contribution to district mineral fund (DMF)
Last week, Ipca Laboratories reported net profit of Rs 87.89 crore for the quarter ending December 31, 2012 on the back of strong sales across domestic and international markets. AK Jain, ED, Ipca Laboratories told CNBC-TV18 that the margins are going to remain in the regions of around 32 percent plus.
Nectar Lifesciences has received US Food and Drugs Administration (FDA) approval for its Active Pharmaceutical Ingredients (API) manufacturing plant Unit-II in Dera Bassi, Punjab.