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MMTC, STC stocks rally up to 10% after reports of likely shutdown

Union Commerce Minister Piyush Goyal is slated to lead a high-level meeting on October 23 to explore the closure of MMTC, STC and PEC government-owned firms

We are studying work of MMTC, STC, PEC: Piyush Goyal

On a question about whether the commerce ministry is planning to close these units, he said: "We are examining all options and will do what is in the national interest".

Govt to shutter STC, PEC

It was also agreed upon that the ministry will prepare a comprehensive note for the Cabinet for closure of both State Trading Corporation (STC), and Project and Equipment Corporation of India (PEC) within a definite time frame, given their precarious financial position

STC Q1 net down 88% to Rs 1 cr

The state-run company said that it has appointed financial advisor for the restructuring of existing loans and raising additional loans.

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.

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.

Buy STC, Ceat, Dishman Pharma: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com suggests buying STC, Ceat and Dishman Pharma.

Study conducted for revival of loss-making PEC: Nirmala Sitharaman

A study has been carried out by a consultancy firm for the revival plan of loss-making trading firm PEC, Commerce and Industry Minister Nirmala Sitharaman said today.

State Trading Corporation of India: The real picture

State Trading Corporation of India (STC) surged from Rs 120 on December 22 to Rs 208 on Wednesday, which is over 70 percent gain. Watch accompanying video of CNBC-TV18's Varinder Bansal to know more.

Pulses import at 27.48 lakh tonnes in April-October

Total imports of pulses by private sector and the government agencies stood at 27,48,473 tonnes, Minister of State for Food and Consumer Affairs C R Chaudhary said in a written reply to the Lok Sabha.

Commerce Min launches portal for facilitating Indo-Iran trade

"The Hind-Iran portal (hindirantrade.org) is a joint initiative of STC and Douman Queshm, Iran," the Ministry said in a statement.

Govt invites merchant bankers for managing MMTC, STC share sale

The government plans to disinvest 15 percent each in Metals and Minerals Trading Corporation of India (MMTC) and State Trading Corporation (STC) through an offer for sale (OFS).

Urea imports up by 11% to 81.25 lakh tonnes

Urea is a controlled fertiliser and is sold at a fixed selling price of Rs 5,360 per tonne. The difference between cost of production and selling price is paid as a subsidy to the manufacturers.

STC Q4 loss narrows to Rs 9.30 crore

It had registered a net loss of Rs 184.80 crore in the corresponding January-March quarter of the previous fiscal, STC said in a filing on BSE.

With nuke deal in sight, Iran drives hard deal with India

Iranian trade negotiators have became more assertive with Indian counterparts as hopes rise of international sanctions on Tehran easing later this year, sources said, and Indian companies fear they may lose business as more countries bid for projects.

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Gold traders put off purchases; prices at 3 week high

Gold imports into India, the world's biggest buyer of the metal, fell about 81 percent on month to 31.5 tonnes in June after the government raised import duty and stopped consignment imports.

CCEA clears disinvestment of STC, ITDC

The Cabinet Committee on Economic Affairs (CCEA) approved disinvestment of government stake in State Trading Corporation and ITDC. The deal would fetch the government, Rs 30 crore.

Stocks in news: Mangalore Chem, Karnataka Bank, L&T, STC

SP Tulsian's multibaggers: State Trading Corp & Bajaj Corp

In comparison to MMTC, financial performance of STC is much better. Looking at the valuations STC used to rule at, it may reach Rs 200 in the next few years. Bajaj Corporation has a good distribution network and their almond oil is their best selling product.