mmtc

After skyrocketing prices, it's now distress sale for onions at Rs 10/kg: Report

Onion prices saw an unprecedented rise after excess rains ravaged the cash crop plantations in Maharashtra’s Nashik, which has the largest area for the cultivation of onions in the country, and fears of a possible dearth of the essential vegetable in the market spiked prices.

Govt to create 1 lakh tons of onion buffer stock in 2020

The government had created a buffer stock of 56,000 tonnes for the current year but it was not sufficient to contain the prices which are still ruling above Rs 100 per kg in most cities across the country. As a result, the government was compelled to import through state-run MMTC.

MMTC importing onions to meet demand; shipment likely by January 20: MoS Consumer Affairs

Delayed and prolonged rains are the main reason for damage to onion crops, Minister of State for Consumer Affairs, Food and Public Distribution, Dadarao said during Question Hour.

MMTC further contracts 4,000 tons of onions from Turkey: Centre

MMTC is importing onions on the behalf of the government, which is trying to check prices of the key bulb by improving domestic supplies through various modes, including imports.

MMTC contracts to import 6,090 tonnes onion from Egypt; to be supplied to states at Rs 52-60/kg

States could directly take the imported stock from the location and also have the option of getting transportation facilitated through NAFED, if required.

MMTC contracts to procure 6,090 tonnes onion to boost supply, cut prices

Last week, the Union Cabinet decided to import 1.2 lakh tonnes of onions to improve the domestic supply and control prices, which touched Rs 100 per kg earlier this month. Retail prices are ruling at around Rs 70 per kg in the national capital.

MMTC floats tenders for import of 4,000 tonnes of onion

While trading firm MMTC will import onions, cooperative Nafed will supply the key kitchen item in the domestic market. The decision was taken at a meeting of committee of secretaries held on Saturday.

Govt's MMTC to import substantial quantity of onions to check price rise

This is the second tender the agency has floated. It had not received response from the bidders for the first tender issued for import of 2,000 tonnes.

Small & Midcaps outperform; nearly 50 stocks in BSE500 rise 10-50% in 4 sessions

Positive global cues helped Indian markets climb crucial resistance levels for the week ended September 14, but the big move was seen in the small & midcaps space.

MMTC Q1 net profit doubles to Rs 27.69 cr

The company had posted a net profit of Rs 13.66 crore during the corresponding period of the previous year, MMTC said in a regulatory filing to the BSE.

MMTC postpones tender to buy corn: Trade

The previous tender deadline was Tuesday, July 9

MMTC tenders to buy corn, volume undecided: Trade

The volume purchased will be decided by MMTC later depending on the level of prices received but minimum offers are 24,000 tonnes to 25,000 tonnes.

India's MMTC again postpones tender to buy corn: Traders

The volume purchased in the tender will be decided by MMTC depending on the level of prices received.

MMTC Ltd Standalone March 2019 Net Sales at Rs 7,101.80 crore, up 129.45% Y-o-Y

MMTC Q4 net profit dips 8.26% to Rs 11.76 crore

Total income from operations in the reported quarter stood at Rs 7,107.66 crore, compared with Rs 3,110.71 crore in the year-ago period.

India's MMTC tenders to buy corn, volume undecided: Traders

The volume purchased will be decided by MMTC later, depending on the level of prices received, but minimum offers are 20,000 tonnes.

MMTC plans to import corn at lower duties

India imposes 60 percent tax on overseas buying of corn but under the tariff rate quota it can allow imports at lower or zero duty.

MMTC Ltd Standalone December 2018 Net Sales at Rs 9,366.78 crore, up 176.54% Y-o-Y

MMTC Ltd Standalone September 2018 Net Sales at Rs 7,422.81 crore, up 103.45% Q-o-Q

MMTC Q2 net profit rises three-fold to Rs 32 crore

The company had posted a profit of Rs 11.6 crore in the year-ago period, MMTC said in a BSE filing.

Govt unlikely to move ahead on MMTC-STC merger

The ministry had also suggested that the government bear the expenses for VRS (voluntary retirement scheme) to be offered to about 600-700 employees of STC.

Market Update: 82 stocks hit new 52-week low, Indigo tanks 13%; ICICI Bank, Infratel up 1-2%

The market breadth was in favour of the declines with 437 stocks advancing while 1138 declined and 454 remained unchanged. On the other hand, in the BSE, 580 stocks advanced and 1258 declined and 82 remained unchanged.

Market Update: Nifty PSU bank zooms 5% led by Canara Bank, Yes Bank; SBI, HDFC Bank top gainers

The market breadth was in favour of the declines with 843 stocks advancing while 901 declined and 292 remained unchanged. On the other hand, in the BSE, 1210 stocks advanced and 1539 declined and 152 remained unchanged.

STC, MMTC merger on cards: Suresh Prabhu

"That is something which is already on cards because STC unfortunately has become a sick company. Therefore, there are some measures which are being taken already and this matter is under process," Prabhu told PTI.

Trade war fears spook markets! Do you own these top 50 stocks which fell 10-30% this week

The reaction to the US-China trade war on equity markets was nothing short of a bloodbath. Asian markets plunged while back home Sensex and Nifty recorded a cut of over 1 percent. The rout witnessed by the Indian market on Friday has eroded Rs 1.57 crore of investor wealth.