Shriram Group in talks to exit Orient Green Power

Plans to sell its diversified RE business for an enterprise value If you cannot view this message, please [click here]( Follow us [The Hindu Business Line]( 18 JANUARY 2022 [Companies]( [Shriram Group in talks to exit Orient Green Power]( Plans to sell its diversified RE business for an enterprise value [Read more »]( [Agri Business]( [FSSAI extends deadline to submit feedback on GM foods norms]( ‘Non-committal’ “It is non-committal on holding widespread consultations all over the country. This limited time extension is insufficient and insignificant,” the Coalition for a GM-Free India has said. “It might be useful to some extent but it does not address what we have been asking for,” it said on Monday. It felt that some people wanted to keep their food free of genetically modified organisms. It expected the government to hold discussions to seek their views, it said. The Coalition felt that the draft guidelines should be published in regional languages in order to let people in different States understand the consequences and express their views. “We urge the Health Minister Mansukh Mandaviya to intervene in this matter, and not leave this issue of great importance to only the regulatory body FSSAI,” it said. The Coalition argued that there was no provision for a long-term, comprehensive and independent testing regime in the proposed guidelines. There was no provision for an independent analysis of data or allowing public scrutiny, it pointed out. There was no provision for an independent analysis of data or allowing public scrutiny, it pointed out. !=''" id="leadtext" style="font-family: Arial, Helvetica, sans-serif; font-size: 13px; font-weight:normal; color: #353e44; text-decoration:none !important;line-height:18px;margin-top:0px;margin-right:0px;margin-bottom:2px;margin-left:0px;overflow: hidden;display: -webkit-box;-webkit-line-clamp: 4;-webkit-box-orient: vertical;"> Under pressure from non-governmental organisations, scientists and activists, the Food Safety and Standards Authority of India (FSSAI) has extended deadline for submitting feedback on draft guidelines on genetically modified foods to February 5. The earlier deadline had ended on January 15. Anti-GMO organisations, scientists and farmers appealed to the FSSAI early this month to extend the deadline in order to give more time to stakeholders to submit their views. Though it extended the deadline, the FSSAI, however, has not responded to the demand for publishing the draft guidelines in vernacular languages. ‘Non-committal’ “It is non-committal on holding widespread consultations all over the country. This limited time extension is insufficient and insignificant,” the Coalition for a GM-Free India has said. “It might be useful to some extent but it does not address what we have been asking for,” it said on Monday. It felt that some people wanted to keep their food free of genetically modified organisms. It expected the government to hold discussions to seek their views, it said. The Coalition felt that the draft guidelines should be published in regional languages in order to let people in different States understand the consequences and express their views. “We urge the Health Minister Mansukh Mandaviya to intervene in this matter, and not leave this issue of great importance to only the regulatory body FSSAI,” it said. The Coalition argued that there was no provision for a long-term, comprehensive and independent testing regime in the proposed guidelines. There was no provision for an independent analysis of data or allowing public scrutiny, it pointed out. There was no provision for an independent analysis of data or allowing public scrutiny, it pointed out. [Read more »]( [Info-tech]( [Flipkart opens applications for the second cohort of its start-up accelerator programme]( Flipkart Leap has been expanded into two new programmes - Flipkart Leap Ahead (FLA) and Flipkart Leap Innovation Network [Read more »]( [Markets]( [Jindal Pipes makes counter offer for Indian Seamless Metal Tubes]( Kirloskar Ferrous Industries has already agreed to pay ₹477 cr and make open offer for ₹240 cr [Read more »]( [Companies]( [NTPC taps foreign markets to raise ₹5,500 crore for power, renewable energy projects]( NTPC has been raising funds from the international markets in the form of term loans and Reg-S bonds under ECB guidelines of RBI [Read more »]( [Markets]( [HSIL up 15% on divestment of manufacturing business]( Brilloca of Somany Home Innovation to buy the division for ₹630 cr [Read more »]( [Markets]( [Broker’s Call: LG Balakrishnan (Buy)]( AUM Capital LG Balakrishnan (Buy) Target: ₹930 CMP: ₹687.10 LG Balakrishnan & Bros. (LGB) is a leading supplier of transmission chains, sprockets and metal formed parts for automotive applications. The company has plans to diversify its products by reentering into industrial chains with ending of a non-compete clause with an erstwhile JV partner. Further, LGB has been declared as a successful applicant of the corporate insolvency process of RSAL Steel and Private Limited and acquisition of this company would widen the company’s product portfolio. The company’s operating profit margins (OPM) paramounted to about 15.8 per cent in FY2021 from 12.2 per cent in FY2020 due to increase in revenue share from the margin-accretive replacement segment and cost saving initiatives undertaken. The company has been allotted Leasehold Land admeasuring 60,000 sq. m. in additional butibori industrial area - Nagpur for setting up of manufacturing plant/facility. LGB’s OEM business is expected to do reasonably well however replacement segment would augur impeccably well as it is a margin-accretive business; besides, US business is garnering adequate amount of traction from sport utility vehicle segment. Debt on books is negligible and also company has generated a net free cash flow of ₹46 crore in H1-FY22. We recommend a buy on the stock with a target price of ₹930 with an investment horizon of 9-12 months. [Read more »]( [News]( [Power Ministry clears Leh-Kaithal green energy transmission corridor]( The project will provide 76 per cent utilisation of transmission capacity and will help evacuate 13 GW of RE generation [Read more »]( [Economy]( [Budget 2022-23: Centre considering restoration of duty free import entitlement scheme for labour-intensive exports]( Department of Revenue in discussion with Commerce Ministry, exporters on the matter [Read more »]( You are receiving this mail because you are a user of [thehindubusinessline.com]( have commented on an article. If you do not wish to receive any such mailers, click here. To ensure that you continue to receive your emails from The Hindu in your inbox, please add newsletter.bl@newsalert.thehindu.com to your Address Book or Safe List. 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