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Time of India
15 hours ago
- Health
- Time of India
Mussoorie stinks as waste recycling unit stays shut
Mussoorie: Residents of Mussoorie have raised serious concerns about heaps of garbage piling up at the Materials Recycling Facility (MRF), which is not functioning. They say the stench emanating from the plant has made life unbearable for residents, who fear that it would cause serious health issues. The issue has cropped up even after the town was ranked highest among small cities in Swachh Survekshan 2024 in Uttarakhand. "There has been heaps of garbage at the MRF centre located down below for months. The stench is unbearable, and we fear that it might make us ill," said a resident near the IDH building, requesting anonymity. Sudhir Langrasu from Laxman Puri, about a km away, said, "We cannot even open our windows because of the stench." The MRF on Tehri bypass road collects all waste from the town. Wet waste is to be processed at a biomethane plant to generate electricity, while dry waste is segregated and sold. However, the plant is currently non-functional, and waste segregation has stopped. Mussoorie Municipal Council's executive officer, Tanveer Marwah, confirmed the issues, citing the plant operator's failure to run the facility. "We canceled their contract and will float a fresh tender. Another agency managing the MRF also failed to perform, and we've issued a notice," he said.
Indian Express
20 hours ago
- General
- Indian Express
Gujarat HC asks 8 municipal corps to install cloth bag vending machines, plastic bottle collecting machines
To ensure that 'effective steps' are taken to implement the Swachh Bharat Mission, the Gujarat High Court has recommended that eight Municipal Corporations in the state take 'proactive measures' by emulating the Gujarat Pollution Control Board (GPCB)'s initiative of installing cloth bag vending machines and reverse vending machines for collecting plastic bottles. The HC has also directed the State Monitoring Committee of GPCB and the Commissioner of Municipalities to file a joint response regarding the installation of Material Recovery Facilities (MRF) and the engagement of plastic waste processing units in municipalities across the state. On July 18, the Division Bench of Chief Justice Sunita Agarwal and Justice D N Ray was hearing a PIL filed by Advocate Amit Panchal in February 2023, seeking directions to ensure 'proper sanitation and disposal of waste on Girnar hilltop.' The PIL had contended that the area had become a 'dumping ground' with trash scattered all over. The court recommended that Municipal Corporations conduct workshops in schools run by civic bodies to create awareness and ensure effective implementation of the Swachh Bharat Mission. In its oral order, uploaded on Monday, the Gujarat High Court said, 'Eight Municipal Corporations in the State shall make an endeavour to emulate the initiative taken by the GPCB in installation of cloth bag vending machines and reverse vending machines (for collecting plastic bottles) in all key areas to be identified by them, specifically where there is a large footfall of the general public. The Municipalities which are managing tourist places like Dwarka and Somnath in the State shall also draw an example to set up such machines in the areas of major tourist footfall.' The Unit Head of the Plastic Waste Cell of the GPCB, in an affidavit before the HC, stated that as part of the 'strict implementation of Plastic Waste Management Rules, 2016, to promote eco-friendly practices,' the GPCB had installed Cloth Bag Vending Machines in key areas of Ahmedabad and Surat, and 24 Reverse Vending Machines for collecting plastic bottles across the state to encourage proper disposal and recycling. The affidavit further stated that, in compliance with the HC's April 25 order, the GPCB had inspected 91 municipalities, out of which 65 have installed MRFs and 32 have signed Memorandums of Understanding (MoUs) with registered plastic waste processors. The GPCB informed the court that of the 65 MRFs, three are still non-operational, 39 are manually operated, 21 are mechanized, and five operate through both manual and mechanical means. It also informed the court that 88 show-cause notices have been issued to municipalities 'either for non-installation of MRF Facility and/or non-signing of MoU with a registered Plastic Waste Processor.' In its oral order, the court directed the State Monitoring Committee and the Commissioner of Municipalities to hold meetings with Chief Officers of the municipalities for further implementation. The order stated: '…hold a meeting with the Chief Officers, Nagarpalika (Municipality) giving them a timeline to ensure installation of MRF facility and engage plastic waste processing units registered with the GPCB. The Chief Officer of Nagarpalika shall be personally made liable with penal consequences, in case of defiance of the timeline, which shall be duly worked out by the State Monitoring Committee. The joint response of the State Monitoring Committee and the Commissioner of Municipality shall be brought before this Court in a personal affidavit of the Commissioner of Municipalities (Administration) to be filed on the next date fixed.' The matter will be next heard on September 12.
Mint
6 days ago
- Business
- Mint
Big jump! This large-cap stock adds ₹50,000 to its share price in just four months
MRF share price: Retail investors often shy away from large-cap stocks, especially those with high share prices, and tend to prefer small-cap stocks, likely because they appear more affordable and promise quicker gains. However, MRF, despite being one of India's costliest stocks, has emerged as a silent outperformer, proving that in the stock market, a high price doesn't necessarily mean low returns. The company's shares, which were trading at ₹ 102,124 apiece in early March, have jumped ₹ 50,051, or 49.3%, to the recent close of ₹ 152,175 in just over four months. The stock has ended each month in the green and is on track to close the current month in positive territory as well, having already gained 7%, provided the momentum continues. Impressively, the stock maintained its winning run even as the Indian stock market remained in a consolidation range in recent months. After crossing the ₹ 1 lakh mark in June 2023 to become the first company to achieve this feat, the stock has consistently traded above this level. In the previous trading session, it even touched a fresh all-time high of ₹ 153,000. Despite being listed since 1996, the stock has never undergone a bonus issue or stock split, which partly explains its high trading price. The stock's daily average trading volume ranges between 5,000 and 10,000 shares, combining volumes from both the BSE and NSE. Over the past 17 years, the stock has closed 14 years with positive performance, with CY14 being the standout year with a remarkable rally of 96%, followed by 48% in CY17. Throughout this period, the stock has exhibited an impressive growth of 7,497%, surging from ₹ 2,003 to its current level of ₹ 152,175 per share. The company in the March quarter, delivered a stellar performance, with consolidated net profit rising 33 per cent year-on-year to ₹ 492 crore in Q4FY25, up from ₹ 370 crore. Its consolidated revenue from operations rose 11.4 percent to ₹ 7,074.8 crore, driven by stable raw material prices and price hikes. Anshul Jain, Head of Research at Lakshmishree Investments, said, "MRF is on the verge of a bullish breakout from a 78-week-long rounding bottom pattern, indicating a potential long-term trend reversal. While the stock typically trades on thin volumes due to its high-ticket size, the price structure remains firmly bullish." "A breakout from this formation could open the door for an upside move of 8–10% in the near term. Traders should focus more on price action than volume in this case, as the structure and momentum strongly favor a sustained upmove," he further added.
Mint
6 days ago
- Business
- Mint
Big jump! This large-cap stock adds ₹50,000 to its share price in just four months
MRF share price: Retail investors often shy away from large-cap stocks, especially those with high share prices, and tend to prefer small-cap stocks, likely because they appear more affordable and promise quicker gains. However, MRF, despite being one of India's costliest stocks, has emerged as a silent outperformer, proving that in the stock market, a high price doesn't necessarily mean low returns. The company's shares, which were trading at ₹ 102,124 apiece in early March, have jumped ₹ 50,051, or 49.3%, to the recent close of ₹ 152,175 in just over four months. The stock has ended each month in the green and is on track to close the current month in positive territory as well, having already gained 7%, provided the momentum continues. Impressively, the stock maintained its winning run even as the Indian stock market remained in a consolidation range in recent months. After crossing the ₹ 1 lakh mark in June 2023 to become the first company to achieve this feat, the stock has consistently traded above this level. In the previous trading session, it even touched a fresh all-time high of ₹ 153,000. Despite being listed since 1996, the stock has never undergone a bonus issue or stock split, which partly explains its high trading price. The stock's daily average trading volume ranges between 5,000 and 10,000 shares, combining volumes from both the BSE and NSE. Over the past 17 years, the stock has closed 14 years with positive performance, with CY14 being the standout year with a remarkable rally of 96%, followed by 48% in CY17. Throughout this period, the stock has exhibited an impressive growth of 7,497%, surging from ₹ 2,003 to its current level of ₹ 152,175 per share. The company in the March quarter, delivered a stellar performance, with consolidated net profit rising 33 per cent year-on-year to ₹ 492 crore in Q4FY25, up from ₹ 370 crore. Its consolidated revenue from operations rose 11.4 percent to ₹ 7,074.8 crore, driven by stable raw material prices and price hikes. Anshul Jain, Head of Research at Lakshmishree Investments, said, "MRF is on the verge of a bullish breakout from a 78-week-long rounding bottom pattern, indicating a potential long-term trend reversal. While the stock typically trades on thin volumes due to its high-ticket size, the price structure remains firmly bullish." "A breakout from this formation could open the door for an upside move of 8–10% in the near term. Traders should focus more on price action than volume in this case, as the structure and momentum strongly favor a sustained upmove," he further added. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
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Business Standard
15-07-2025
- Automotive
- Business Standard
Why are two-wheeler stocks up today?Hero MotoCorp, Bajaj Auto rise up to 4%
Nifty Auto index share price today Auto stocks witnessed a healthy buying sentiment on Tuesday with the Nifty Auto index outperforming the market. The gauge of auto stocks gained over 1 per cent on the National Stock Exchange (NSE) today in the intraday trade led by a strong up move in two-wheeler stocks. Shares of Hero MotoCorp, TVS Motor Company, Bajaj Auto, and Eicher Motors gained between 1 per cent and 4 per cent on the NSE. Those of Samvardana Motherson International, Bharat Forge, Bosch, Tube Investment of India, Mahindra & Mahindra, Tata Motors, MRF, and Balkrishna Industries, meanwhile, also increased in the range of 1 per cent to 4 per cent. Among individual stocks, Ceat, Force Motors, and SML Isuzu hit their respective all-time highs, while Mahindra & Mahindra (M&M) and MRF were trading close to their record highs. At 12:31 PM, the Nifty Auto index was trading as the top gainer among sectoral indices, quoting 1.5 per cent higher, as compared to 0.51 per cent rise in the Nifty 50. That said, despite today's ris, the Nifty Auto index has underperformed the market thus far in the calendar year 2025 by gaining 2.3 per cent as 6.2 per cent rise in the Nifty 50 index. Auto sector outlook As per Society of Indian Automobile Manufacturers (SIAM) estimates, Passenger Vehicles (PV) growth is expected to be in low single digits in FY26, while Commercial Vehicles (CV) growth could be muted. Unless entry level PV sales pick up, volume growth will be difficult in this segment, the industry body has said. "On the contrary, two-wheelers should continue to grow based on demand pick up in the rural economy. Considering the good monsoon, tractor sales should also continue to grow as in the previous year. Impact on tyre Industry would also be similar as outlined above," it said. According to Hero MotoVorp, the Indian two-wheeler industry is poised to build upon the U-shaped recovery trajectory in Fy36, as observed over the preceding three fiscal years. The sector is projected to progressively approach the peak performance levels attained in FY 2018-19. "This optimistic outlook is underpinned by several factors, viz. a strengthening of rural demand, recovery of demand in the core motorcycle and scooter markets, a sustained acceleration in the adoption of electric vehicles (EVs), and an anticipated higher growth rate within the premium motorcycle segment," the company said in its FY25 annual report. Rural India continued to drive industry growth, with two-wheeler demand rising 8 per cent—outpacing urban markets. This was backed by good monsoons, higher MSPs for crops, and increased employment under government schemes. Looking ahead, the management remains confident in the industry's near-to-mid-term outlook. Tailwinds such as revised income tax slabs, easing interest rates, rural recovery, and a favorable monsoon forecast will further support demand. Tesla enters India market Meanwhile, Tesla has officially introduced the Model Y in India, with prices beginning at ₹60 lakh, according to a pricing catalogue released on its website on Tuesday. Back home, domestic player Tata Motors remains optimistic on the demand outlook for electric vehicles in FY26, driven by strong participation across OEMs, which will foster greater consumer awareness and accelerate charging infrastructure development. A steady stream of new product launches across segments is expected in FY26, which will broaden customer choice, while ongoing advancements in technology and policy direction will steadily reduce barriers to adoption. Together, these collective efforts are set to drive an increase in penetration of EVs in the Indian auto landscape.
