niftify.in

The Economic Times

Banks may get power to auction ships in case of loan defaults

The government is considering amending the SARFAESI Act, 2002, to allow banks to hold security interest in shipping vessels, removing special exemptions for fishing vessels. This change aims to fast-track loan recovery processes and address ambiguities that delay recoveries. Other debt recovery laws are also under review for quicker resolution of non-performing loans.

Business Standard

Govt aims to boost fishery sector by taking exports to Rs 1 trn per year

Union Minister Rajiv Ranjan Singh on Wednesday said the government is focusing on increasing annual seafood exports to Rs 1 lakh crore from around Rs 60,000 crore last fiscal and will also take measures to strengthen the foundation of the fishery sector over the next five years. Singh, who is Union Minister for Fisheries, Animal Husbandry & Dairying, was addressing an event to mark the 4th Anniversary of Pradhan Mantri Matsya Sampada Yojna (PMMSY) here. He also launched Pradhan Mantri Matsya Kisan Samridhi Sah-Yojna, and released the standard operating procedure on production & processing clusters in the fisheries sector. The minister noted that the fishery sector, which provides livelihood for more than 3 crore fishers and fish farmers, did not get due attention since independence. However, Singh said the Prime Minister Narendra Modi-led government has taken various decisions since 2014 for the growth of this important sector, including the launch of the PMSSY scheme with an .

Mint

If e-commerce and Instagram had a baby, that would be LoveLocal, says Akanksha Hazaari

LoveLocal's Akanksha Hazari shares her journey from fishing imaginary sharks on ships at a young age to escaping proverbial ones in the Indian startup ecosystem after being approached for acquisitions

Mint

Krystal Integrated Services share price retraces over 20% from record high. Opportunity for bottom fishing?

Krystal Integrated Services share price has tanked over 22% from its record high of ₹1,023.75 apiece, hit on April 12, 2024. However, in the past one month, the stock has risen more than 16%.

The Economic Times

Cochin Shipyard, HAL, 8 other defence PSU stocks fall up to 30% in a month. Is it time for bottom fishing?

Defence stocks have corrected significantly in the past month. Experts advise against bottom fishing and suggest waiting for clear signs of market reversal. Cochin Shipyard, Garden Reach, and Mazagon Dock are among the top losers. Stable names like HAL and Bharat Electronics might lead if overall market conditions recover.

Mint

IRCTC, IRFC to RVNL: These railway PSU stocks give zero return in one month. Opportunity for bottom fishing?

Railway PSU stocks have remianed non-participant in the recent Indian stock market rally

Mint

Latest Market News Today Live Updates August 31, 2024: IRCTC, IRFC to RVNL: Railway PSU stocks give zero return in one month. Opportunity for bottom fishing?

Latest Market News Today Live Updates: Follow Mint's market blog for real-time updates on your favourite companies. This blog keeps you informed on all things Dalal Street and global markets.

Mint

Delhi HC seeks Centre's stand following ‘misbranding’ of non-vegetarian Patanjali Divya Dant Manjan

The Delhi High Court has asked the Centre to clarify its stance on a petition against the misbranding of Patanjali Divya Dant Manjan, which is labeled as vegetarian but contains fish extract. The matter will be heard in November.

Business Standard

HC asks for Centre's stand on plea over 'misbranding' of Patanjali product

The Delhi High Court on Friday sought the Centre's stand on a petition seeking action against the alleged misbranding of Patanjali's "Divya Dant Manjan" as a vegetarian product. The petitioner's counsel claimed that though the dental care product was being sold with a "green dot", symbolising that it was a vegetarian commodity, it contains fish extract, a non-vegetarian ingredient. Justice Sanjeev Narula issued notice to the Centre, the Food Safety and Standards Authority of India (FSSAI) as well as Patanjali, Divya Pharmacy, Yoga guru Ramdev and other related parties on the petition by lawyer Yatin Sharma. The law does not mandate declaration of a "drug" as vegetarian or non-vegetarian but the packaging of "Divya Dant Manjan" wrongly carries a "green dot", which qualifies as "misbranding" under the Drugs and Cosmetics Act, the petitioner's counsel argued. The matter would be heard next in November. Represented by advocates Swapnil Chaudhary and Prashant Gupta, the petitioner stat

Hindustan Times

India's GDP growth moderates to 6.7% in Q1 2024-25, lowest growth in five consecutive quarters

Construction was the sector with the highest growth rate at 10%, while Agriculture, Livestock, Forestry & Fishing grew the lowest by only 2%.

Mint

Wall Street's top regulator faces worsening battle in wake of Supreme Court ruling

USA-COURT/FISHING-SEC (ANALYSIS, PIX):ANALYSIS-Wall Street's top regulator faces worsening battle in wake of Supreme Court ruling

The Economic Times

A pond in warming Mali is disappearing, and Unesco-listed fishing tradition is in danger

In southern Mali's town of San, the annual Sanke mon fishing ritual faces challenges from climate change. Thousands gather for the traditional event, listed by Unesco, which marks the town's founding. Rising temperatures threaten Sanke pond, central to the ceremony, highlighting broader impacts on local traditions and livelihoods.