Sugar Decontrol

Bet on large-cap IT, pharma, private banks: Angel Broking

After sugar decontrol, the kind of poor return on equities (ROEs) that many sugar companies are generating because of the levy sugar quota will not be there, says Phani Sekhar, fund manager, Angel Broking.

Market likely to see 15% growth in next 12 months: PN Vijay

The next big trigger for the stock market will be the fourth quarter results, says PN Vijay, portfolio manager. Talking to CNBC-TV18, he says that though the market is somewhere around its lows, he is confident that the Indian stock market would stick to the 15 percent growth figure in the next 12 months.

Triveni Eng to aim long-term orders post Sugar decontrol

Triveni Engineering & Industries hopes to gain Rs70-80 crore on account of removal of 10 percent sugar levy quota

Sugar decontrol to garner Rs 150 cr in FY14: Shree Renuka

Government‘s move to remove sugar levy burden will help Shree Renuka Sugar to get Rs 100-150 crore of additional margin in 2013-14.

Sugar sector stable; states free to buy in open mkt: Thomas

Food minister KV Thomas, in an interview to CNBC-TV18, says that the partial removal of the sugar decontrol would benefit the mills, the states and ultimately, the consumer. "Sugar production has stabilised over the past four years and sugar will continue to be disbursed through the public distribution system," he adds.

Government decontrols sugar, hike in price likely

In what could be seen as a significant concession to the powerful sugar lobby, the government on Thursday cleared the decontrol of the product. The move will likely raise the sugar prices as decontrol means that the manufacturers of the product will now get to decide on the prices without government intervention.

Sugar stocks sour after CCEA defers decision on decontrol

Sugar stocks were under pressure since early trade on Wednesday after the cabinet committee on economic affairs or CCEA has deferred a decision on sugar decontrol yesterday.

Decontrol decision likely on March 18; sugar stocks soar

Sugar stocks sweetened on Monday as media reports indicated that the government is going to consider sugar decontrol on March 18.

Sugar decontrol may be effective from March: ISMA's Verma

Abinash Verma, Director General of the Indian Sugar Mills Association (ISMA) told CNBC-TV18 that he expects partial sugar decontrol to be implemented in March.

Sugar decontrol yet to be approved by Cabinet: Thomas

The center‘s move to decontrol sugar which was likely to be implemented before the budget has got delayed as it still needs to be approved by the Cabinet.

Sugar stocks sweeten on decontrol hopes

Sugar stocks gained 1-7 percent on Wednesday on reports that food minister will seek a cabinet approval for sugar decontrol.

Centre seeks states' views on sugar decontrol report

Speeding up work to decide on decontrolling the sugar sector, the Centre has sought the views of the state governments on the Rangarajan report by the month-end.

Sugar Decontrol: Pricing may take 2-3 yrs to execute, says Balrampur Chini

Vivek Saraogi, MD of Balrampur Chini told CNBC-TV18 that he finds the recommendations for sugar decontrol exciting. According to him, the recommendations associated with the finished product which is sugar might be implemented soon, while those associated with cane pricing and raw materials will take a little more time.

Sugar decontrol: States must adopt new system, says ISMA

Gautam Goel, President of ISMA believes it is a very welcome move and hopes that the states adopting State Advisory Price (SAP) will now move on to the new recommendation of profit sharing.

Sensex falls 100 pts; ICICI, HDFC, L&T, Tata Motors down

Indian shares remained under selling pressure due to weakness in Infosys and ICICI Bank. Capital goods majors Larsen & Toubro and BHEL were down 0.6-1 percent after disappointing performance by the sector in August and less hopes of cut in policy rates by the Reserve Bank of India on October 31.