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As more farmers opt for Soybean, SOPA pegs output at 114.83 lakh tonne

As per SOPA estimates, the actual area in Maharashtra is 36.390 lakh hectare, which is 10% less than the government estimates of 40.433 lakh hectare. Soyabean output in Maharashtra is estimated to rise by 32% to 38.4 lakh tonne for this year.




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Oil imports: Opportunity for India as sanctions-hit Venezuela seeks to double exports

Caracas, which buys medicines and other products from India, is looking for alternative payment methods after the United States imposed stringent sanctions on Venezuela’s state oil firm PDVSA in a bid to push out President Nicolas Maduro.




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DLF improves performance in Q3, analysts maintain ‘Buy’ with revised target price of Rs 216

Management continues to focus on liquidating Rs 12,300-crore inventory and scaling up the rental portfolio (DCCDL). We maintain earnings estimates for the erstwhile merged entity (despite demerger of DCCDL) awaiting greater clarity on adjustments/reconciliation between DLF and DCCDL numbers (post-demerger).




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Analyst Corner: Valuations of AIA Engineering will remain rich – IDFC Securities

The production is based on orders received from the customers and hence management is confident that sales despatches would pick up over the next 2-3 quarters, driving an uptick in sales and normalised inventories.




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Not so sweet! Millers’ sugar offer in lieu of FRP fails to cheer farmers

Sugarcane arrears in Maharashtra have now mounted to Rs 5,000 crore and industry sources claim the position is likely to worsen.




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Analyst corner: ‘Add’ on Thermax with a target price of Rs 1,333

Overseas subsidiary performance is expected to turn around which coupled with gradual improvement in domestic margins will enable improvement in the overall margins.




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Analyst corner: Buy Apollo Hospitals with June 2020E target of Rs 1,700

As APHS concludes its capex cycle and loss-making ventures breakeven, the stage is set for APHS to double Ebitda and reduce capex to one-third over FY19–21.




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Interview: Aim to break even in the next 18-24 months, says Fino Payments Bank EVP

Fino Payments Bank aims to break even in the next 18-24 months, executive vice president and head-products & alliances Ashish Ahuja tells Mitali Salian.




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Maharashtra targets to export 2,500 tonnes of Alphonso, Kesar mangoes

The board had been holding regular workshops with both farmers and buyers to encourage exports, he said, adding that the board had taken huge efforts to ensure that more mango growers register their orchards with MangoNet.




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HDFC Bank March advances rise 5%, deposits grow 17%

he bank said it has purchased loans aggregating Rs 19.24 billion through the direct assignment route under the home loan arrangement with Housing Development Finance Corporation, during the quarter ended March this year.




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Analyst Corner| Vedanta — Maintain ‘Buy’ with target price of Rs 175

VEDL’s H2FY19 operating numbers were mixed. Key highlights, O&G production fell 2% due to natural decline at Mangla field, though gas volumes were better; production at Zn-India was lower due to geo-technical problems at RA mine and FY19 silver volumes missed 650-700t guidance.




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SBI is geared to meet any additional demand for housing loans

The bank, which witnessed a spike in NPAs in its home loan portfolio post the merger of the associate banks, expects the NPA levels to dip with improvements in underwriting and recoveries.




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Bank of India to sell 25.05% stake in life insurance joint venture

Established in February 2009, Star Union Dai-ichi Life’s (SUD Life) premium income stood at Rs 1,211 crore, while its profit after tax stood at Rs 55 crore during April-December 2018-19.




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Big is beautiful: Lakshmi Vilas Bank, Indiabulls Housing to merge

The Indiabulls board has constituted a reorganisation committee headed by SS Mundra, independent director on the board of Indiabulls and former RBI deputy governor, to undertake necessary decisions in relation to the proposed merger.




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Branded bouquests blooming on the shelves of modern retail

The concept of modern malls in India has been slow in catching up with the trend of stocking flowers. The trade has been traditionally reserved for road-side vendors.  




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Cashew exporters concerned over surge in fraudulent imports of kernel

India produces 6-7 million tonne raw cashew per annum, and was till recently the leading supplier of kernels to the global markets.




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Cotton association reduces crop estimates for 2018-19 to 315L bales

CAI’s current estimates for the North Zone, Madhya Pradesh, Telangana and Andhra Pradesh are lower by 1 lakh bales each compared to its previous month estimate.




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Cyclone Fani impact: Surat textile industry reels from Rs 500-crore losses

To make matters worse, a sizeable number of labourers from Odisha are employed in the Surat textile industry, said Ashish Gujarati, president of Pandesara Weavers' Association.




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Promoters’ pledged shareholding falls to 2.83% in Jan-Mar: Kotak Institutional Equities report

Outstanding promoters’ pledged shares were Rs 1.95 lakh crore, which is about 1.38% of the total BSE-500 Index’s market capitalisation in March 2019.




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Steel pricing spread helps assertain strength of variables

In the next three decades the deregulation of the steel market (abolition of freight equalisation) and imports having been put under open general license led to a paradigm shift to the concepts of supply, capacity creation through differential technologies, SME’s role, demand assessments, competitiveness, pricing and export strategies.




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Govt, RBI done all that they could for NBFCs: SBI chief Rajnish Kumar

There is nothing further the government can do, Kumar said, adding that there is liquidity, partial credit enhancement and interest rates have moderated. Asked about the progress made in the resolution of stressed NBFC Dewan Housing Finance (DHFL), Kumar said: “That you should ask the company.”




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Plan to charge zero MDR for large merchants is faulty, says expert

Finance minister Nirmala Sitharaman in the FY20 Budget abolished MDR charges for all merchants having a turnover of over Rs 50 crore which would lead the payment companies taking a hit on their margins.




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Avanti Feeds: Maintain ‘Buy’ with a target price of Rs 400

We note the stock price correction of 30% over the past four months offers an attractive entry price and we retain our 'Buy' rating with a DCF-based target price of Rs 400.




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Texmaco Rail: Maintain ‘Buy’ with TP of Rs 69

While we like the company’s diversified segmental presence, we moderate our order inflow and execution assumptions due to the ongoing economic slowdown and slower traction in railway EPC projects.




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Why digital OOH is the new frontier of marketing

A Nielson study has highlighted that OOH enjoys significant advantages over conventional forms of offline advertising




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Relaxo’s Gaurav Dua on life beyond work

From Netflix to Apple, among others are some of his favourite brands




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How digital has revolutionised work from home

Digital allows to work from anywhere as long as there is a computer and a good internet connection -- half the battle is won




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Tupperware’s Deepak Chhabra on life beyond work

iPhone, Bose, Alexa are some of his favourite brands




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Jamming the Marketing Hall of Femme

To fill your days with music between now and the Marketing Hall of Femme Summit & Awards on June 21, here's our HoF playlist




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Marketing a Smoke-Free Future

Philip Morris International became the world's leading tobacco brand by selling...well, cigarettes. Now it's planning on a smoke-free future




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Don’t force industry to pay wages during COVID-19 lockdown

Growth was already slowing before the corona outbreak; forcing industry to pay full wages imperils MSMEs’ survival




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Safety first: Punish attacks on doctors, but also focus on dispelling Coronavirus fears

Traditionally, our response to laws failing to arrest healthcare violence has been to simply increase the quantum and severity of punishment the next time.




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Inside Track: Amid COVID-19 crisis, steps seem afoot to ensure Rahul Gandhi returns as Congress president

The impression was reinforced when Rajnath Singh, and not Shah, was appointed last month to head the 15- member high-power ministerial committee coordinating with states on ensuring movement of essential supplies during the lockdown.




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Magnanimity of the rich: Cricket needs to take a leaf out of tennis’s book to maintain equilibrium

When the game returns, the struggling cricket boards will be dependent on three superpowers—India, England, Australia—for bailouts




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Need faster labour reforms if the economy is to thrive

Parliamentary panel’s recommendations aren’t bold enough, and in some areas, they are even regressive.




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Dial-A-Doctor: eSanjeevani portal for telemedicine a welcome move by govt

As more governments integrate the service—Himachal Pradesh was latest to do so, on April 21—one can expect traffic to increase.




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Post-pandemic economics: The new normal will not be very different from the old one

Idealist notions of the State overtaking the Market as the one in charge are unfounded.




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Arbitrary arbitration: Enforcing global awards is getting more complicated

“The export without permission would have violated the law, thus, enforcement of such award would be violative of the public policy of India”, the SC said.




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Rebooting the economy: India needs a stimulus package of at least 5% of GDP

To bounce back from the pandemic quickly, India needs a stimulus package of at least 5% of GDP that focuses on broad-based development in laggard eastern states.




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The 40-70 rule of decision-making

Leaders should take a decision when they have 40-70% of the information required for taking that decision.




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Institutional challenges to migrants’ welfare

Not only has the registration of migrant workers by states been unsatisfactory, but state welfare boards’ capacities to offer assistance also varies, hampering daily wage labourers’ access to social and food security during the crisis




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Franklin Templeton AMC is to blame for poor investment choices, not Coronavirus

Can’t blame Corona for crisis, investment choice was poor




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Coronavirus crisis: Politics of a pandemic

The Centre's fiscal management of the Covid crisis vis-a-vis availability of funds to states might result in creating a coercive, rather than a cooperative federalism.




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A less direct approach: Amended FDI regulation is problematic under the WTO law

Amended FDI regulation is problematic under the WTO law. India should adopt a more facially neutral regulation




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Spirit of federalism: Centre must allow states to resume liquor sales

This trend continues even for local governments, which come to rely more on state transfers to run the administration.




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Hunting for an anti-COVID-19 drug

WHO’s Solidarity and Oxford’s RECOVERY trials can give a clearer picture on some drugs that showed early promise.




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A new White Revolution: How COVID-19 could benefit the dairy industry

Covid-19 could benefit the dairy industry as consumers could shift from meat-based to dairy-based protein. The govt may consider reducing GST on ghee and milk fat from 12% to 5% .




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Corona’s many facets complicate the treatment

It is not just the lungs, it affects the heart, kidneys, brain... this is making treatment—and a lasting cure—difficult.




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Schools are functioning despite extraordinary challenges, no ground to deny them fees

However, the High Court rejected this invocation of Rule 165, ruling that the it specified only the payability conditions of fees, and not the chargeability of it.




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Fighting Corona: Look at local data, not a national curve

An RT-PCR test takes several hours for the result to be available. We cannot make a patient who comes with a non-Covid-19 problem wait till that result is available.