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The Economic Times

Stock market update: Sugar stocks down as market rises

The 30-share BSE Sensex closed up 236.57 points at 83184.8

The Economic Times

Stock market update: Sugar stocks down as market falls

The 30-share BSE Sensex closed down 131.43 points at 82948.23

The Economic Times

Stock market update: Sugar stocks down as market rises

The 30-share BSE Sensex was up 20.1 points at 83099.76

Business Standard

LIC pares its holding in DCM Shriram Industries by over 2% to 4.66%

Life Insurance Corporation (LIC) on Tuesday said it has pared its stake in DCM Shriram Industries by more than 2 per cent to 4.66 per cent over a period of about three years. In a regulatory filing, LIC said there is a net decrease of 2.016 per cent in its holding in DCM Shriram during the period October 8, 2021, and September 13, 2024. The shares were sold at an average price of Rs 110.072. "...the Life Insurance Corporation of India has decreased its shareholding in equity shares of DCM Shriram Industries Ltd from 58,06,760 to 40,52,635 i.e., 6.675 per cent to 4.659 per cent of the paid-up capital of the said company," LIC said. DCM Shriram Industries is primarily engaged in production and sale of sugar, alcohol and industrial fibres. Shares of DCM Shriram Industries settled 1.77 per cent lower at Rs 194 apiece on the BSE.

Mint

Sugar stocks Triveni Engineering, Praj Industries and others surge up to 8.7%. What’s behind the rally?

Sugar stocks surged on September 16 after the Department of Food and Public Distribution allowed sugar mills to produce Rectified Spirit and Extra Neutral Alcohol using sugarcane juice and B-heavy molasses. Triveni Engineering led the gains, followed by other key sugar stocks.

The Economic Times

Healthy Moringa dishes: From soup to khakhra – 5 tasty recipes

Moringa is a highly nutritious plant often referred to as the "drumstick tree" or "miracle tree." It’s known for its rich content of vitamins, minerals, and antioxidants. Moringa leaves, in particular, are used in various culinary and medicinal applications due to their health benefits, including anti-inflammatory properties, blood sugar regulation, and enhanced energy levels.

The Economic Times

Stock market update: Sugar stocks up as market falls

The 30-share BSE Sensex closed down 71.77 points at 82890.94

The Economic Times

Stock market update: Sugar stocks up as market falls

The 30-share BSE Sensex was down 8.06 points at 82954.65

The Economic Times

Stock market update: Sugar stocks down as market rises

The 30-share BSE Sensex was up 191.32 points at 81714.48

The Economic Times

Stock market update: Sugar stocks down as market falls

The 30-share BSE Sensex closed down 398.13 points at 81523.16

The Economic Times

Jaggery or sugar: Which sweetener is better for your health?

Jaggery is healthier due to its nutrient content, lower glycemic index, liver detox benefits, digestive aid, immune boost, and minimal processing.

Business Standard

Lulu Group aiming to up agri sourcing from India to Rs 15,000 cr in 2 yrs

UAE-headquartered retailer Lulu Group is looking to increase the quantum of Indian agri procurements to Rs 15,000 crore in the next two years as it expands its network globally, a top company official said on Tuesday. Its Chairman and Managing Director M A Yusuff Ali told reporters that the company plans to have a special focus on the organic good procurement and sees the value of such goods going up to Rs 2,000 crore in a year. "About Rs 10,000 crore imports (of agri products) we are doing every year. We are looking to increase it to Rs 15,000 crore within two years because we are also expanding our footprint in many countries," he said. The imports primarily include commodities such as fruits, vegetables, rice, tea, sugar, spice and millets, he said, pointing out that the produce goes to the Gulf Cooperation Council (GCC) countries and other far-east countries. Ali said his group has tied up with the Indian government-promoted Agricultural and Processed Food Products Export ...

The Economic Times

Stock market update: Sugar stocks up as market rises

The 30-share BSE Sensex closed up 361.75 points at 81921.29

Business Line

Vibaantta Global enters sugar business, plans exports from Brazil

Mulls importing ethanol into India, expand sugar trade to W. Africa, Middle East

The Economic Times

Stock market update: Sugar stocks down as market rises

The 30-share BSE Sensex closed up 375.61 points at 81559.54

Business Line

Tata Starbucks to explore sugar-free options

The company in 2024 plans to add up to five sugar-free customisation options in their menu in response to requests from customers and partners

The Economic Times

Stock market update: Sugar stocks down as market falls

The 30-share BSE Sensex closed down 1017.23 points at 81183.93

Business Standard

UR Sugar Industries Ltd leads losers in 'B' group

NDL Ventures Ltd, Fino Payments Bank Ltd, Ecos (India) Mobility & Hospitality Ltd and IIFL Securities Ltd are among the other losers in the BSE's 'B' group today, 06 September 2024.

The Economic Times

Stock market update: Sugar stocks up as market falls

The 30-share BSE Sensex was down 134.66 points at 82217.98

Business Standard

Govt notifies 8,606 tonnes raw cane sugar exports to US under TRQ regime

The government on Tuesday notified exports of 8,606 tonnes of raw cane sugar under the tariff-rate quota (TRQ) scheme to the US for the October 2024 - September 2025 period. Shipments under the TRQ enjoy relatively lesser customs duties. After the quota is reached, a higher tariff applies to additional imports. "The quantity of 8,606 MTRV (metric tonnes raw value) of raw cane sugar to be exported to USA under TRQ scheme from 01.10.2024 to 30.09.2025 has been notified," the Directorate General of Foreign Trade (DGFT) said in a public notice. A similar quantity was notified in January also. India, the world's second-biggest producer and the largest consumer of sugar, has a preferential quota arrangement for sugar export with the European Union as well. The DGFT said that the quota will be operated by the Agriculture and Processed Food Products Export Development Authority (APEDA).

The Economic Times

Stock market update: Sugar stocks down as market falls

The 30-share BSE Sensex closed down 4.4 points at 82555.44

The Economic Times

Stock market update: Sugar stocks down as market falls

The 30-share BSE Sensex was down 62.74 points at 82497.1

The Economic Times

Rising trend of new-age consumer brands attracting VC investors in India

India's new-age consumer brands, catering to Gen Z and millennials, are attracting substantial venture capital. Brands like Mokobara, Sugar Cosmetics, and Boat are meeting evolving consumer demands and capturing market gaps. Over $400 million has been invested in 2024 alone, with premiumisation and new category creation driving growth.

The Economic Times

How to control blood sugar naturally: 7 tips

Discover seven natural strategies to balance blood sugar levels, including increasing fiber intake, staying hydrated, exercising, and managing stress effectively.

The Economic Times

Stock market update: Sugar stocks down as market rises

The 30-share BSE Sensex closed up 194.07 points at 82559.84

The Economic Times

Can Paytm do a Zomato? Sandip Sabharwal answers

Sandip Sabharwal evaluates various sectors including technology, sugar, defence, and cement. He notes the positive impact of lifted ethanol production restrictions, discusses the high valuations in defence stocks, and explores the future potential for SBI and changes in the cement industry due to ongoing consolidation. Sabharwal also weighs considers whether Paytm can do a Zomato.

The Economic Times

Stock market update: Sugar stocks down as market rises

The 30-share BSE Sensex was up 306.92 points at 82672.69

Hindustan Times

Ethanol production to normalise soon as restrictions on molasses, sugarcane juice removed: DAM Capital

These restrictions were imposed in December 2023, due to rising sugar prices before the Lok Sabha election

The Economic Times

Sugar stocks surge on Ethanol push, analysts see more upside

The government's notification removes the limit that exists on the diversion of sugar for ethanol production. "Since ethanol is a high-yielding product, this removal of cap would help the sugar mills and distilleries to manufacture more ethanol and improve their revenue mix directly, which will improve cash flows and stabilize the sugar industry," said T Manish, research analyst, Samco Securities.

Mint

Worst Drought in 40 Years Puts Brazil’s Major Crops at Risk

First came wildfires that scorched sugar cane fields. Now, the worst drought in more than four decades is threatening coffee and soybean crops in Brazil.

Business Line

Sugar stocks surge as Govt permits grain-based distilleries in rice procurement e-auctions

This move is anticipated to decrease closing stock levels, thereby maintaining higher sweetener prices.

Mint

Sugar rush: Stocks of producers advance after government eases curbs on cane-based ethanol production

Analysts said the broader sugar pack may post sweeter returns if additional policy changes are announced in the near term.

Business Standard

Sugar stocks rally after govt lifts curbs on sugar diversion for ethanol production

Shares of sugar makers gained 2% to 8% after the government removed the cap on sugar diversion for ethanol production for ESY (Ethanol Supply Year - December to November) 2024-25.

CNBC TV18

Sweet Day — Here is why sugar stocks like Balrampur, Dalmia Bharat Sugar surged up to 13% in trade

The government removed the cap on sugar diversion for ethanol production for Ethanol Supply Year (ESY) 2024-25, which begins on November 1, 2024.

Mint

Balrampur Chini, Dhampur Sugar to Dalmia Bharat: Why are sugar stocks skyrocketing today? — explained

Stock market today: Experts believe that GoI has removed the cap on sugar diversion for ethanol production for the 2024-25 season, which is fueling sugar stocks

CNBC TV18

Marketbuzz Podcast with Kanishka Sarkar: Sensex, Nifty 50 likely to start in green, SpiceJet, Infosys in focus

Marketbuzz Podcast: Sensex and Nifty 50 are likely to start the trading session of August 30 in green with stocks like Infosys, Tata Motors, sugar stocks, SpiceJet and more. Tune in to the podcast for more

Business Standard

Govt allows sugar mills to use cane juice for ethanol production from Nov

he world's second-biggest sugar producer imposed restrictions on diverting sugar for ethanol production in December 2023 to increase sugar output after cane crop was hit by below-average monsoon rains

The Economic Times

Government lifts cap on sugar diversion for ethanol production starting in November 2024

Starting November 1, 2024, the Union government will lift the cap on sugar diversion for ethanol production, allowing the use of cane juice, syrup, and various molasses types. Additionally, distilleries can now purchase up to 2.3 million metric tons of rice from the Food Corporation of India for ethanol. This policy aims to boost renewable energy while maintaining stable sugar availability. The Department of Food and Public Distribution and the Ministry of Petroleum and Natural Gas will oversee the impact on sugar supplies.

The Economic Times

Stock market update: Sugar stocks down as market rises

The 30-share BSE Sensex closed up 349.05 points at 82134.61

Business Standard

Govt proposes domestic sale of raw sugar, ending six-decade-old ban

Raw sugar commands a higher price than refined sugar and could boost revenue in the market