Latest news with #Kothari
Mint
3 days ago
- Business
- Mint
Govt extends duty-free import window for yellow peas till March 2026
The Centre on Saturday extended the duty-free import window for yellow peas until 31 March 2026, aiming to stabilise domestic pulse prices and ensure adequate supply. The extension, notified by the Directorate General of Foreign Trade (DGFT), permits importers to bring in yellow peas without the minimum import price (MIP) condition or port restrictions, provided the bill of lading is dated on or before the new deadline. The liberalised policy is expected to help manage price volatility in the pulses market, particularly as tur and other key pulses continue to face supply constraints. The earlier policy was valid until 31 May 2025. With this extension, the government maintains its calibrated approach to easing import restrictions on select pulses to bridge domestic demand-supply gaps. All imports under this provision will require registration under the online Import Monitoring System, which remains a mandatory compliance requirement. The decision has been taken under the Foreign Trade (Development & Regulation) Act, 1992, and has received the approval of the minister of commerce and industry. The move is likely to ease price pressures ahead of the festive season in major consuming states, according to traders familiar with the matter. It is also expected to benefit pulse processors and millers by ensuring continued access to overseas yellow pea supplies without regulatory hurdles. The government has previously issued a series of notifications to adjust the import policy for yellow peas, including those dated 8 December 2023, 23 February 2024, 5 April 2024, 8 May 2024, 13 September 2024, 24 December 2024, and most recently, 10 March 2025. The latest extension signals a continued intent to retain flexibility in agricultural imports in response to shifting domestic needs. Bimal Kothari, chairman of the India Pulses and Grains Association (IPGA), criticised the government's decision to extend the duty-free import period for yellow peas, saying it could have adverse effects on Indian farmers. 'Allowing imports for such a prolonged period will discourage farmers who cultivate chana from expanding their cultivation area,' Kothari said. He warned that this move could undermine the government's goal of making India self-reliant in pulses by reducing incentives for domestic production growth. The government has launched a mission for atmanirbharta (self-reliance) in pulses, with an outlay of ₹ 1,000 crore over the next six years. As of 31 May, the average retail price of chana dal stood at ₹ 86.26 per kg, compared to ₹ 86.12 per kg a year earlier.
Hindustan Times
5 days ago
- Hindustan Times
Woman bites off man's ear over dispute
The owner of a girls' hostel and his daughter-in-law physically assaulted three persons found chatting outside the facility in Deccan on suspicion of molesting the inmates on Monday. One of the trio, Milind Vasant Kothari, 40, of Shirole Road, received five stiches as the woman allegedly bit his ears, police said. Kothari lodged a complaint against the hostel owner identified as Suresh Vitthal Kamble, 60, and his daughter-in-law. The complaint states that Kothari is a driver by profession and was chatting with his friends Abhijit Jadhav and Amit Khengre when Kamble, operator of Lokmanya Girls' Hostel, and his daughter-in-law arrived at the spot and picked up a fight with them alleging that they were molesting the girls at the hostel. When the trio denied to the accusations, the duo assaulted and abused the former. In the melee, the daughter-in-law bit off Kothari's ear and attacked him twice with a weapon. The complainant was rushed to Sassoon General Hospital, and he needed five stitches to his ear and two stitches on the stomach. Sub-inspector Pravin Kulkarni said that a first information report (FIR) has been filed, and the accused have been booked under Bharati Nyaya Sanhita (BNS) Sections 115 (2),118 (1) and 3(5).
Economic Times
27-05-2025
- Business
- Economic Times
Venus Pipes & Tubes Q4 Results: Profit at Rs 23.7 cr, revenue rises 15% to Rs 258 cr
Stainless steel pipes and tubes manufacturer and exporter Venus Pipes & Tubes Ltd reported a profit after tax of Rs 23.7 crore for the March quarter against Rs 25 crore in the year-ago period, according to a statement. Revenue of the company surged by 15 per cent to Rs 258.1 crore in the last quarter of FY25 compared to Rs 224.1 crore in the year-ago period, Venus Pipes & Tubes Ltd said in a statement on Tuesday. ADVERTISEMENT For the full fiscal, profit after tax stood at Rs 93 crore in FY25 against Rs 86 crore in FY24, a growth of 8.1 per cent with margins at 10 per cent, it said. Total revenue in FY25 rose by 19 per cent to Rs 958.5 crore compared to Rs 802.2 crore in the year-ago period, driven by product expansion. The company made a foray into value-added products with applications across critical industries last fiscal. As a part of this, it recently commenced operations of 3,600 MTPA capacity of value-added welded tubes while addition of fittings capacity and value-added seamless tubes will be operational in the coming months, the statement said. "This year marked a significant phase of capacity ramp-up and the introduction of new value-added product lines," Arun Kothari, Managing Director, Venus Pipes & Tubes Ltd, said. "We enter FY26 with a strong order book, including a significant new contract from one of India's leading integrated power plant equipment manufacturers," Kothari added. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
27-05-2025
- Business
- Time of India
Venus Pipes & Tubes Q4 Results: Profit at Rs 23.7 cr, revenue rises 15% to Rs 258 cr
Stainless steel pipes and tubes manufacturer and exporter Venus Pipes & Tubes Ltd reported a profit after tax of Rs 23.7 crore for the March quarter against Rs 25 crore in the year-ago period, according to a statement. Revenue of the company surged by 15 per cent to Rs 258.1 crore in the last quarter of FY25 compared to Rs 224.1 crore in the year-ago period, Venus Pipes & Tubes Ltd said in a statement on Tuesday. For the full fiscal, profit after tax stood at Rs 93 crore in FY25 against Rs 86 crore in FY24, a growth of 8.1 per cent with margins at 10 per cent, it said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 21st Century Skills Start with Confident Communication Planet Spark Learn More Undo Total revenue in FY25 rose by 19 per cent to Rs 958.5 crore compared to Rs 802.2 crore in the year-ago period, driven by product expansion. The company made a foray into value-added products with applications across critical industries last fiscal. As a part of this, it recently commenced operations of 3,600 MTPA capacity of value-added welded tubes while addition of fittings capacity and value-added seamless tubes will be operational in the coming months, the statement said. "This year marked a significant phase of capacity ramp-up and the introduction of new value-added product lines," Arun Kothari, Managing Director, Venus Pipes & Tubes Ltd, said. Live Events "We enter FY26 with a strong order book , including a significant new contract from one of India's leading integrated power plant equipment manufacturers," Kothari added.
Business Insider
27-05-2025
- Business
- Business Insider
Analysts Offer Insights on Technology Companies: SentinelOne (S) and Wisetech Global (OtherWTCHF)
There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on SentinelOne (S – Research Report) and Wisetech Global (WTCHF – Research Report) with bullish sentiments. Confident Investing Starts Here: SentinelOne (S) Robert W. Baird analyst Shrenik Kothari maintained a Buy rating on SentinelOne yesterday and set a price target of $26.00. The company's shares closed last Friday at $19.76. According to Kothari is a top 100 analyst with an average return of 28.0% and a 76.9% success rate. Kothari covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and CyberArk Software. Currently, the analyst consensus on SentinelOne is a Strong Buy with an average price target of $24.52, a 25.6% upside from current levels. In a report issued on May 20, Guggenheim also maintained a Buy rating on the stock with a $28.00 price target. Wisetech Global (WTCHF) UBS analyst Lucy Huang maintained a Buy rating on Wisetech Global today and set a price target of A$145.00. The company's shares closed last Thursday at $63.30. According to Huang is ranked #2238 out of 9562 analysts. Wisetech Global has an analyst consensus of Strong Buy, with a price target consensus of $79.15, which is a 25.2% upside from current levels. In a report issued on May 13, CLSA also maintained a Buy rating on the stock with a A$124.00 price target.
