INDIAN SUGAR AND BIO ENERGY MANUFACTURERS ASSOCIATION
‘Organic’ and ‘natural’? India’s $32 billion packaged food and beverage industry struggles with disclosures
The packaged food industry should be more upfront about the ingredients they use to make products. It is a question of public health, say experts.
A war of titans builds up in India's cement sector
The UltraTech-India Cements deal comes two weeks after Adani Group unit Ambuja Cement announced acquisition of Hyderabad-based Penna Cement at an enterprise value of Rs 10,422 crore, adding to its capacity and market share in southern India.
Sembcorp files suit against Siemens Gamesa over unsettled arbitration
Sembcorp's India unit has filed a lawsuit in a Bengaluru court to prevent Siemens Gamesa from selling its Indian business assets before settling an ongoing arbitration. The arbitration pertains to alleged default in executing a contract. Sembcorp has sought an injunction over the sale, which includes Siemens Gamesa's shareholding in India.
Sugar summit: India to hosts Global ISO Council meet from June 25-27, showcases biofuel leadership
India is set to host the International Sugar Organization (ISO) Council Meeting from June 25-27, bringing together delegates from over 30 countries to discuss critical issues in the sugar and biofuel sectors. India, the world's largest consumer and second-largest sugar producer, has been nominated to chair the ISO for 2024.
IOC, GPS Renewables form joint venture for sustainable energy solutions
Indian Oil Corporation (IOC) partners with GPS Renewables Pvt Ltd to establish a joint venture dedicated to advancing biofuel adoption in India.
Manufacturing mutual funds offer up to 68% in one year. Should you consider?
Manufacturing mutual funds, including ICICI Prudential Manufacturing Fund and Mirae Asset Nifty India Manufacturing ETF, have delivered impressive returns up to 68% in the last year. Modi's 'Make in India' initiative has boosted the manufacturing sector, attracting investors to thematic and sectoral funds.
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Elections still on for them? But macro structure has changed for good: 5 sugar stocks with upside potential of up to 27%
In a sector, where government policies have a major impact, the risk of any change in policy impacting the players is always present. That is the reason why the valuations of these stocks from such sectors don't cross a certain threshold. Probably the sugar sector tops the lists of such sectors and the reason is because both the central and state governments have some say in the policy making. While the general elections are over, there are many states which have exposure to the sugar sector and state elections are going to be held there over the next couple of quarters. So a narrative might get built against the sugar stocks. What needs to be done, make a distinction between the reality that the balance sheets of these companies are much stronger than what they were, their business model is not just about sugar, but about part of the clean energy which is something which is going to grow.
Are energy drinks linked to heart attack risk? This is what latest research says
Recent research has linked the consumption of energy drinks to a higher incidence of heart attacks. It is also known to cause other issues which affect the mental health of individuals.
AC sales may touch new record of 14 million units annual sales in 2024: CEAMA
The blistering heatwave has driven record demand for room air-conditioners, with expected annual sales of around 14 million units, says the Consumer Electronics and Appliances Manufacturers Association (CEAMA). May saw record-breaking AC sales, with projections of 30-40% growth in summer. Energy-efficient models and indigenous manufacturing contribute to the market's robust expansion.
Listen closely: From Google smart speakers to Paytm soundboxes, these businesses are thriving in manufacturing
Making for others can be more lucrative than building a brand for themselves — this realisation has created a brigade of small contract manufacturers who are making India’s place prominent in the global electronics manufacturing services map.
Will BJP win? This market awaits June 4 results for potential shakeups in India's trade policies & global food prices
India's agricultural markets are under scrutiny as a new government prepares to take office, potentially impacting global food prices. Prime Minister Modi's policies aimed at ensuring domestic supplies have influenced key crop exports. Changes post-election could affect rice, wheat, and sugar markets, with industry leaders seeking policy shifts to address supply and demand challenges.
Why imports from China are rising despite atmanirbhar Bharat initiatives
Imports from China is something India should monitor. But in some ways, this might be the way for the country to become a self-reliant economy.
Emcure and its subsidiary Gennova settle legal dispute with HDT Bio over mRNA technology
Emcure Pharmaceuticals and its subsidiary Gennova have resolved all legal disputes with US-based HDT Bio Corp. The parties have entered into a long-term agreement to develop mRNA vaccines against various infectious diseases in India and other countries. As part of their agreement, HDT has granted a license to Gennova to use HDT's patented mRNA vaccine technology in multiple fields
... Admits Ireda's insolvency petition against Shri Saikrupa Sugar
NCLT ordered management transfer to IRP/RP for Shri Saikrupa Sugar during CIRP. Ireda sanctioned a loan of Rs 121 crore in 2012, leading to the insolvency resolution process.
Get your portfolio ready for election results: Hedge the re-rated oil and gas sector stocks
Right from power, railways, PSU banks, sectoral lenders to oil and gas there are many sectors which have made a comeback in the last 10 years. Comeback both in the real business sense, where the operating matrix and fundamentals of the sector have improved which has led to better performance. Also a comeback on valuation front, where the stocks which were quoting at a price earning multiple of single have been now consistently quoting in high double multiples. A number of them have seen this transformation due to a stable policy environment, policy push and policy cleanup which the government has undertaken in the last ten years. The consensus estimate of the street is that policy continuity is the most critical thing for the re-rating to continue. In this new series, we take a different sector and how much they are dependent on government policy and how investors can protect their portfolio from any sudden decline.
Label claims on packaged food could be incorrect & incomplete: ICMR
The Indian Council of Medical Research (ICMR) has cautioned that food labels on packaged items can often mislead consumers, urging them to carefully read information to make informed choices, as stated in the recently issued dietary guidelines. The report highlights that health claims on packaged foods may not always accurately reflect their nutritional content, with some products making incomplete or incorrect claims. For instance, products labeled as 'natural' or 'real fruit' may contain additives or minimal fruit content. Additionally, terms like 'organic' and 'sugar-free' can be misunderstood, leading to misconceptions about their health benefits.
Government's stance on sugar exports amidst industry demands
ISMA seeks sugar export despite surplus, impacting closing stock projections. Central government prioritizes ethanol over export, aiming to build reserves. Sugar prices rise despite production surprises, with 2024-25 forecast dependent on monsoon.
Indian wheat was poised to feed the world. It now grapples to replenish reserves
India's wheat policy requires a comprehensive review to ensure the production and procurement balance is maintained.
Indian Biogas Association joins hands with HAI to promote hydrogen
IBA and HAI join forces to advance green and blue hydrogen production, targeting significant market growth. The partnership aims to drive sustainable energy solutions and policy advocacy, supporting India's green energy goals and overall sustainable development.
India may devote more sugar to ethanol in blow to export hopes
The government is considering a proposal to permit factories to use an additional 800,000 tons of sugar for biofuel this year.
Net sugar output dips marginally at 280.79 lakh tonnes so far in 2023-24 mkt yr ending Sep: ISMA
India's sugar production declined to 280.79 lakh tonnes by March 15. Maharashtra, Karnataka, and Uttar Pradesh experienced varying levels of decrease. ISMA reported 371 active factories. Ethanol manufacturing and FRP hike were notable developments.
ISMA appoints Deepak Ballani as the new Director General
"With over 25 years of extensive experience in public policy, government affairs, and organizational management, Ballani assumes this pivotal role with a wealth of expertise," said ISMA, in a media release.
TEPA: Norway to eliminate customs duties for almost 98 pc of imports from India
The ambitious trade pact, signed between India and the European Free Trade Association (EFTA) comprising Norway, Switzerland, Iceland and Liechtenstein, aims to expand trade across a range of areas including pharmaceuticals, manufacturing, new technologies and machinery. After the EEA (European Economic Area) agreement, this could become one of the most important trade agreements Norway has ever entered, said Norwegian Prime Minister Jonas Gahr Stoere.
Uttar Pradesh soon to have 100 CBG plants: Union minister Puri
Union Petroleum Minister Hardeep Singh Puri announced Uttar Pradesh's plans to have 100 compressed bio-gas (CBG) plants soon, highlighting their role in environmental conservation and farmers' income. Indian Oil's newly inaugurated CBG plant in the state, with an investment of Rs 165 crore, will use agricultural residue, press mud, and cow dung to produce bio-gas and organic fertilizer. Puri also mentioned plans for green hydrogen plants in Sonbhadra district and praised the Ujjwala scheme for providing free gas connections to 10 crore women.
NCLT approves Indian Sugar Manufacturing’s acquisition by Sri Dutt Biofuels Pvt Ltd
Tina Jain Mehta, director of Pineapple Consulting, suggests that the new owners can focus on building products in the branded communities segment. This can help the company withstand commodity price fluctuations and gain market recognition.
Assam’s bamboo-based refinery generates interest among private investors from varied sectors
The Assam Bio Refinery, a joint venture between Numaligarh Refinery Ltd, Fortum, and Chempolis, plans to manufacture ethanol from bamboo starting in March. The refinery has generated interest from energy sector investors, and the company expects returns on investment to increase from value-added products. India is promoting the production of ethanol from non-food biomass to address shortages of food sources like sugar, maize, and rice.
Power sector has seen transformational changes in last 9 years: R K Singh
"In the past nine years, we have brought great transformational changes in our industry, transforming the power sector from being power-deficient to power-sufficient. In the last nine years, with the addition of 1,90,700 ckm (which is about 65 per cent increase), the transmission network of 4,79,185 ckm (circuit kilometre) has evolved as the largest national synchronous grid in the world," Singh said.
Mandava Prabhakar Rao takes over as the new president of ISMA
Mandava Prabhakar Rao has been appointed as the President of the Indian Sugar & Bio-energy Manufacturers Association (ISMA) from Aditya Jhunjhunwala. The association has announced its rebranding to ISMA, aiming to address the growing importance of bio-energy in India's energy transition. The move aims to enhance sugarcane yield and area sustainably, meeting the growing demand for sugar, ethanol, and by-products.
India’s ambitious plan to cut oil import bill by $4 billion confronts vagaries of climate change
Low sugar cane yield, because of inadequate monsoon and shifts in weather patterns, is coming in the way of an effort to reduce dependence on fossil fuels — a step aimed at tackling climate change.
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