According to recent data from the Thai Rice Exporters Association, the benchmark grade of Thai white rice, 5% broken, has experienced a significant surge of approximately 15% over the past four months, reaching $535 per ton, the highest level since early March 2021., Companies News, Times Now
Meanwhile, Misthann Foods has also announced a new plan for expanding product portfolio by announcing that it is now looking to introduce new products for domestic markets. The company says it expects its top line to rise with these latest positive actions., Companies News, Times Now
Mumbai (Maharashtra) [India], August 3 (ANI/PNN): BSE-listed Mishtann Foods Ltd. has bagged 'The Economic Times Business Transformation Icons 2022.' Hiteshkumar Patel, CMD, Mishtann Foods Ltd., was felicitated at a star-studded event in Mumbai recently. Mishtann Foods Ltd. (BSE: 539594) engaged in manufacturing and marketing of a large variety of rice with a focus on Basmati Rice and pulses like dal and salt. Earlier, sometime back, it announced results for Q1FY23. Net profit of Mishtann Foods rose 216.05% to Rs 11.03 crore in the quarter ended June 2022 as against Rs 3.49 crore during the quarter ended June 2021. Sales rose 118.73% to Rs 158.27 crore in the quarter ended June 2022 as against Rs 72.36 crore during the previous quarter ended June 2021. The Company has seen a good response for Mishtann Salt, which had bagged several orders from major retail stores, has successfully executed these orders and is receiving a good response for its salt, which has several health benef
Fugitive Sandesaras Claim “Religious Persecution” due to Ahmed Patel Link; Say They Are Victims of “Malfunctioning” Banking System
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At a time when the government wants to create a ‘bad bank’ to transfer non-performing loans of corporate India owed to public sector banks (PSBs), the story of the Sterling group provides an astonishing picture of how several thousand crores of rupees of outstanding dues are being wiped out in collusion with PSBs, agencies and the government.
The fugitives, Gujarat-based promoters of the Sterling Biotech group holed up in Nigeria, have managed to beat India’s extradition attempt in 2019, by claiming that they are facing ‘religious and political persecution’. They also got the Interpol to cancel a red-alert. These startling facts were revealed recently in documents submitted in the Supreme Court (matter MA-972 of 2020) through Richmond Investments Pvt Ltd. Meanwhile, the Sandesaras continue to calmly lobby to regain control
Fugitive Sandesaras of Sterling Biotech Continue To Do Business with Indian Oil PSUs
Moneylife Digital Team
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In one more shocking twist to the controversial goings-on at major corporate defaulter Sterling group, it has been revealed that the fugitive Sandesara family is not only dictating terms to Indian public sector banks (PSBs) but has also continued to do business with the State-run oil companies.
According to whistle-blower Captain Sukhpal Singh, while the Sandesaras have been declared fugitives by the Prevention of Money Laundering Act (PMLA) court in September 2020, Indian Oil Corp Ltd (IOC) is importing oil from Sterling Oil Exploration & Energy Production Company Ltd (SEEPCO) from Nigeria, a group company of the Sandesaras.