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Order Cancellation

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Exclusive | Facing order cancellations, exporters seek to be spared from refunding export benefits

Many global buyers have filed for bankruptcy, leading to order cancellations that have shaken exporters. The rules say that if a buyer does not pay for shipped goods, exporters would have to return with interest the government benefits they availed of.
Man Industries current order book at Rs 1,500cr

Man Industries was out with its Q3 results. Its Q3 FY11 standalone total income was up 0.13% at Rs.439.86 crore versus Rs 439.31 crore, YoY. Its PAT was down 17% at Rs 26 crore versus Rs 31 crore, YoY.

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Order Cancellation

Exclusive | Facing order cancellations, exporters seek to be spared from refunding export benefits

Man Industries current order book at Rs 1,500cr