KUALA LUMPUR: HIL Industries Bhd’s indirect wholly-owned subsidiary, Amverton Prop Sdn Bhd, has entered into a conditional sale and purchase agreement with A & M Modern Homes Sdn Bhd (AMMH) to acquire a 1.21-hectare piece of land in Kuala Lumpur for RM47.0 million.
The Himachal apple market maintains stability thanks to a government practice preventing low-quality apples from reaching the main market. In contrast, Kashmir faced challenges in implementing a similar strategy. The Market Intervention Scheme (MIS) aimed to utilise lower-grade apples for other sectors but faced obstacles and was discontinued. Recently, a revived MIS could help the apple concentrate industry in Kashmir grow, improving overall apple quality and reducing market dependence on China. Additionally, local juice-making units have the potential to challenge top players in India's fresh apple juice market.
Reliance Industries shares climbed nearly 4% and topped the Rs 2,300 mark on Friday for the first time since March 14 after the Mukesh Ambani-led oil-to-telecom major said its secured creditors, unsecured creditors and equity shareholders will meet on May 2, to consider demerger, transfer and vesting of the Financial Services Business from the company into the resulting company on a going concern basis. Watch this Business Today Visual Story to know more.