Articles for Raw Material

India produces key drug ingredients under PLI scheme to cut China dependence
1 week, 5 days ago

India produces key drug ingredients under PLI scheme to cut China dependence

Live Mint  

New Delhi: Indian companies have started manufacturing two important bulk drugs or active pharmaceutical ingredients under the government's production linked incentive scheme. As per commerce ministry data, in April-December of FY25, India's exports of bulk drugs and intermediates totalled $3,520 million, while imports stood at $3,504 million, resulting in a slight trade surplus. “Production of products such as Penicillin-G with …

India Drugs Investment Indian Production Shah Crore
Cashew Board to procure RCN from cashew-producing States
1 month, 2 weeks ago

Cashew Board to procure RCN from cashew-producing States

The Hindu  

While unavailability of raw cashew nuts continues to affect the sector, Cashew Board has decided to procure the raw material through e-tender from cashew producing States in India. Until now, raw cashew nuts were procured only from cashew producing countries like Ivory Coast, Tanzania, Ghana and domestic framers within Kerala. “The Cashew Board has decided to procure raw cashew nut …

India Kerala States State Cultivation Raw Cashew
Restaurant Not Responsible For Raw Material Quality When Sealed Pack Bought From Registered Manufacturer With Proper Invoice: Allahabad HC
1 month, 2 weeks ago

Restaurant Not Responsible For Raw Material Quality When Sealed Pack Bought From Registered Manufacturer With Proper Invoice: Allahabad HC

Live Law  

The Allahabad High Court has held that a Food Business Operator cannot be held responsible for quality of the raw materials used by him when the same have been bought from registered manufacturers in sealed packet with proper invoice. While dealing with Turmeric Powder manufactured by Goldiee Masala contaminated with lead chromate, Justice Arun Kumar Singh Deshwal held “if any …

Business Food Court Quality Restaurant Applicant Registered
Gradual margin recovery to keep Apollo Tyres on tough terrain
1 month, 2 weeks ago

Gradual margin recovery to keep Apollo Tyres on tough terrain

Live Mint  

Apollo Tyres Ltd is grappling with acute margin pressure amid weak demand. Earlier price hikes in truck and bus radial and passenger car radial segments and an improving product mix could aid margin recovery. Note that the earnings of tyre companies are more sensitive to margin movement as they do not usually pass on the full impact of the increase/decrease …

India Europe Margin Raw Material Cost
Art special 2025: Essential art that styles living spaces
1 month, 4 weeks ago

Art special 2025: Essential art that styles living spaces

Live Mint  

Every few days, Priyanka Sharma and Dushyant Bansal, founders of design Studio Raw Material, go out seeking “white gold" in Rajasthan’s Makrana. Such experimentation using waste materials, found objects and traditional crafts are giving a push to India’s collectible design story, which lies at the intersection of art and functional design. Raw Material is bringing their latest Khokhar series of …

India Designers Delhi Jewellery Work Sharma Goyal
KSCDC to procure raw material from domestic farmers
2 months, 1 week ago

KSCDC to procure raw material from domestic farmers

The Hindu  

All thirty factories of Kerala State Cashew Development Corporation functioning in Thalassery, Thrissur, Alappuzha, Thiruvananthapuram, and Kollam districts will start procuring raw cashew nut from domestic farmers. The government has increased the price to help farmers and prevent RCN produced in Kerala from being exported to other States,” said KSCDC chairperson S. Jayamohan and managing director Sunil John K. Along …

Cashew Rcn Raw Material Kg Farmers Corporation Kscdc
Cotton is passé. Can India ever make it big in this fashionable textile market?
4 months, 1 week ago

Cotton is passé. Can India ever make it big in this fashionable textile market?

Live Mint  

Chennai: It was early June 2021. Once MMF textile exports pick up, the quality of raw material will improve," said Rajkumar Agarwal, managing director, SVG Fashions Pvt. The government has applied the Quality Control Order, a regulatory standard that ensures that products sold in India are of good quality, on select polyester filament yarn imports such as ‘fully drawn yarn’. …

India China Textiles Quality Indian Technical Taiwan
Telangana government's booster dose for MSMEs
6 months, 1 week ago

Telangana government's booster dose for MSMEs

New Indian Express  

HYDERABAD: Unveiling Telangana’s first-ever policy for Micro, Small and Medium Enterprises, the state government on Wednesday said that it would spend Rs 4,000 crore over the next five years as incentives to achieve a target of establishing 25,000 new MSMEs. As per policy, the government of Telangana will facilitate access to land via construction of dedicated industrial infrastructure for MSMEs …

Policy Telangana Msme Raw Material Msmes
India set to hold more talks over import curbs on steelmaking raw material
7 months ago

India set to hold more talks over import curbs on steelmaking raw material

Hindustan Times  

By Neha Arora and Mayank Bhardwaj India set to hold more talks over import curbs on steelmaking raw material NEW DELHI, - India will hold wider consultations with steel companies before imposing curbs on imports of low ash metallurgical coke, used in steelmaking, a source with direct knowledge of the matter told Reuters. The Directorate General of Foreign Trade, which …

India Trade Steel Met Coke Raw Material Met Coke
Additions U/s 69C On Account Of Excess Stock Can't Be Based On Third Party Statements Alone Without Any Corroboration: Delhi ITAT
7 months, 3 weeks ago

Additions U/s 69C On Account Of Excess Stock Can't Be Based On Third Party Statements Alone Without Any Corroboration: Delhi ITAT

Live Law  

The New Delhi ITAT deleted the additions made u/s 69C on account of excess stock found during survey, after finding that those additions were solely based on the statements recorded of third parties, without any corroborative evidence of unaccounted sales. On appeal, the CIT affirmed the action of AO on the grounds that the statement of the Director of the …

Stock Finished Bench Goods Itat Raw Material Finished Goods
Sun Pharma net profit up 29% in Q1 FY25 on cut in raw material cost
7 months, 4 weeks ago

Sun Pharma net profit up 29% in Q1 FY25 on cut in raw material cost

The Hindu  

Sun Pharma reported Q1 net profit grew 29% to ₹2,878.94 crore from ₹2,232.05 crore in the year-earlier period on shrinking material costs and revenue expansion The company’s revenue from operations rose 6% to ₹12,652.7 crore in Q1 FY25 from ₹11,940.8 crore in the same quarter of the previous year. Cost of materials consumed dropped 16% in the reporting quarter to …

Crore Sun Pharma Raw Material Q1 Fy25
Globus Spirits stock dropped 50% since Jan 2022 but Incred sees 86% upside ahead – here’s why
8 months, 2 weeks ago

Globus Spirits stock dropped 50% since Jan 2022 but Incred sees 86% upside ahead – here’s why

Live Mint  

Shares of Globus Spirits have been on a downward trend since January 2022, primarily due to challenges such as rising raw material and power costs over the past two years. Now, with raw material and power costs stabilising, Globus Spirits is experiencing positive momentum, especially with its expansion into key whisky segments, including single malt, which is expected to enhance …

Indian Spirits Segment Raw Material Ena Brokerage Imil
Death overs: After a century, Kashmir’s batmakers could be run out
8 months, 3 weeks ago

Death overs: After a century, Kashmir’s batmakers could be run out

Live Mint  

Anantnag: The thrilling seven-run victory over South Africa in the final of the T20 World Cup final at Barbados’ Kensington Oval last month is still fresh in the minds of cricket lovers across India. However, around 400 bat manufacturing units in Jammu & Kashmir, producing over 3 million bats annually, are staring at a bleak future because of the shortage …

India England Cricket Industry Manufacturing Kashmir Trees
Drug makers pin hopes on Budget for import duty cut in raw materials; research incentives
8 months, 3 weeks ago

Drug makers pin hopes on Budget for import duty cut in raw materials; research incentives

Live Mint  

New Delhi: Drug makers are pinning hopes on the forthcoming union budget for more tax incentives for research, import tariff reduction on raw materials and easing of procedures for tax refunds. The Pharmaceuticals Export Promotion Council of India, a trade promotion agency set up by the commerce ministry, has sought a reduction in basic customs duty on imported raw materials …

India Industry Tax Budget Indian Materials Raw Materials
Andhra Pradesh: Nellimarla Jute Mill shut down, employees in trouble
8 months, 3 weeks ago

Andhra Pradesh: Nellimarla Jute Mill shut down, employees in trouble

Deccan Chronicle  

Visakhapatnam: The decades-old Nellimarla Jute Mill in Vizianagaram has been temporarily shut down due to lack of orders and shortage of raw material. “The mill was shut down on June 12 but no intimation was given to the labour department till date,’’ said assistant labour commissioner for Vizianagaram district, Srinivasa Rao. “This is neither a lockout nor a strike by …

Workers Rao Raw Material
Textile industry demands raw materials at competitive prices
9 months, 1 week ago

Textile industry demands raw materials at competitive prices

The Hindu  

The textile and clothing industry, which employs nearly 60 lakh people in Tamil Nadu, has demanded availability of raw materials at competitive prices for the industry. The SIMA chairman, who met the new Union Textile Minister, Giriraj Singh, recently, told presspersons in Coimbatore on Tuesday that Indian cotton prices had remained almost stable this cotton season. Though the government removed …

Tamil Nadu Indian Prices Cotton Raw Material Competitive Prices Sundararaman
Policy interpretation of the NMPA Announcement on Measures to Optimize the Management of Safety Assessment of Cosmetics
9 months, 4 weeks ago

Policy interpretation of the NMPA Announcement on Measures to Optimize the Management of Safety Assessment of Cosmetics

China Daily  

What is the purpose of drafting the NMPA Announcement on Measures to Optimize the Management of Safety Assessment of Cosmetics? To guide and assist enterprises to carry out cosmetic safety assessment and effectively solve the problems and difficulties of cosmetic enterprises in carrying out safety assessment, the NMPA organized the drafting of the Announcement, and strives to improve the operability …

Safety Data Management Assessment Raw Materials System Material
Show-cause notice issued to Dera Bassi factory over discrepancies in methanol use
11 months, 1 week ago

Show-cause notice issued to Dera Bassi factory over discrepancies in methanol use

Hindustan Times  

The committee, to check the sale and use of methanol and industrial spirit, formed by Mohali deputy commissioner Aashika Jain on Tuesday issued a show cause notice to a Dera Bassi factory after finding some discrepancies in methanol use. Dera Bassi sub-divisional magistrate Himanshu Gupta paid joint visit to four industrial units where methanol was being used as raw material. …

Dera Bassi Dera Bassi Raw Material Methanol Ifp
NCLAT Delhi: Definition Of Financial Debt U/S 5(8) Does Not Provide Disbursal To Be Made To Corporate Debtor Only
1 year, 1 month ago

NCLAT Delhi: Definition Of Financial Debt U/S 5(8) Does Not Provide Disbursal To Be Made To Corporate Debtor Only

Live Law  

The National Company Law Appellate Tribunal New Delhi, comprising Justice Ashok Bhushan and Mr. Naresh Salecha held that the definition of Financial Debt under Section 5 of Insolvency and Bankruptcy Code, 2016 does not use the expression that disbursal should be made to the Corporate Debtor only. A Business Support Agreement was entered into between the Corporate Debtor and its …

Corporate Financial Corporate Debtor Debt New Delhi Respondent Nclat
Uttarakhand Police busts fake medicine manufacturing factory
1 year, 5 months ago

Uttarakhand Police busts fake medicine manufacturing factory

Hindustan Times  

The Dehradun Police arrested two men, busted a factory manufacturing fake medicines run by them and recovered large quantities of fake medicines and raw material from Dehradun, a police official said. Police recovered 21,83,600 counterfeit capsules, 3,000 wrappers, empty capsules, 50 kg raw material, 107 tape roll, 15 foil cover, 15 empty cartons, 7 invoice bills, one laptop, seven mobile …

Medicine Drugs Manufacturing Factory Fake Accused Haridwar
Petrol, Diesel Prices Hike Unlikely India General Elections To Take Place Next Year: Moody's
1 year, 5 months ago

Petrol, Diesel Prices Hike Unlikely India General Elections To Take Place Next Year: Moody's

ABP News  

Petrol and diesel prices are unlikely to be increased despite firming raw material costs because of upcoming general elections next year, Moody's Investors Service said. "High crude oil prices will weaken the profitability of the three state-owned oil marketing companies in India -- IOC, BPCL and HPCL," Moody's said in a report. "Still, the three companies' fiscal 2024 earnings will …

India Marketing Oil Indian Prices Crude Oil Prices Oil Prices
No petrol, diesel price hike likely despite crude oil price surge as elections loom: Moody's
1 year, 5 months ago

No petrol, diesel price hike likely despite crude oil price surge as elections loom: Moody's

The Hindu  

Petrol and diesel prices are unlikely to be increased despite firming raw material costs because of upcoming general elections next year, Moody's Investors Service said. "High crude oil prices will weaken the profitability of the three state-owned oil marketing companies in India — IOC, BPCL and HPCL," Moody's said in a report. "Still, the three companies' fiscal 2024 earnings will …

Marketing Oil Prices Crude Oil Prices Oil Prices 2024 Crude
Apollo Tyres vs CEAT: Which tyre maker should you pick after stellar Q4 earnings?
1 year, 10 months ago

Apollo Tyres vs CEAT: Which tyre maker should you pick after stellar Q4 earnings?

Live Mint  

Falling raw material costs and improved demand have led major tyre companies to deliver solid numbers for the March quarter. Lower RM costs boost operating profits CEAT reported a drop in raw material costs in Q4FY23 to Rs 1,721.9 crore from Rs 1,785.2 crore in Q3FY22. The company's operating profit in Q4 has grown by Rs 92.4% YoY to Rs …

Growth Profit Crore Reported Yoy Margin Tyre
Vizag Steel Plant workers protest privatisation move
1 year, 11 months ago

Vizag Steel Plant workers protest privatisation move

Hindustan Times  

Hyderabad Hundreds of employees of Visakhapatnam Steel Plant took out a foot march on Saturday, protesting against the Centre’s stubborn stand on privatisation. Hundreds of employees of Rashtriya Ispat Nigam Limited, also known as Visakhapatnam Steel Plant, on Saturday took out a padayatra protesting against the Centre’s stubborn stand on privatisation of the steel plant. Meanwhile, the RINL management on …

Trade Union Telangana Plant Raw Material Rinl Visakhapatnam Steel Plant Vizag Steel Plant