Reseñas

MGL plans to acquire Unison for a cash consideration of Rs 531 crore. With 8,800 domestic gas customers, Unison has a city gas distribution network in Ratnagiri, Latur & Osmanabad in Maharashtra, and Chitradurga and Davanagere in Karnataka. It also operates 41 CNG stations.

In the February budget, the central government marked down the disinvestment target to ₹50,000 crore from ₹65,000 crore budgeted initially. It has managed to raise ₹31,107 crore so far.

The big pandemic stimulus and the contraction in the economy worsened the combined Centre and state debt-to-GDP ratio to 89.2% in FY21 from 75.1% in FY20. The International Monetary Fund (IMF) has forecast the ratio will improve to 83.5% of GDP in FY23 and gradually ease from FY26 onwards.

The benchmark 10-year government bond ended at 7.40% Monday, just two basis points higher than the five-year bond at 7.38%. Yield on the longer tenure 20-year bond was not far away, ending at 7.49% on Monday. Mumbai bond markets were shut for the Holi festival Tuesday.

Certification schemes like IndG.A.P are designed to help farmers and exporters meet global food safety standards, essential to access overseas markets.”Adoption of G.A.P verified by a robust certification will enhance value realisation by farmers and make India globally competitive in agri exports,” said Samunnati founder Anil Kumar SG.

It also said in a report that anticipating the impact of the upcoming FTAs on the supply chains can help businesses review sourcing strategies to design resilient supply chains. India has inked trade pacts with the UAE, Australia and Mauritius recently, and is in talks with the UK, EU, Canada Continue Reading

“Prices remained stable due to consistency in demand and supplies as well as export potential. However, the month of February saw a decline in prices of red onion, particularly in the State of Maharashtra where the modal rate dropped to Rs 500 -700/quintal,” the agriculture ministry said in a statement.

Prices of the crop have fallen to as low as 200 rupees ($2.44) per 100 kilograms prompting some farmers to dump the crop in fields in the western state of Maharashtra, the largest producer of red onion in the country, where rates have fallen sharply.

Bernstein said that the operating environment for Indian banks remains the best in a decade, maintaining its bullish view on the sector. The brokerage sees HDFC Bank, Axis Bank and SBI to outperform, while it expects Kotak Mahindra Bank and ICICI Bank to perform in line with the market.

NSDL data shows that the worst sell-off was in the oil and gas sector, with a net outflow of Rs 4,973 crore, followed by power (Rs 2,848 crore) and metals (Rs 2,642 crore).​