Sunday, September 3, 2017

Modi Cabinet-final list of all Union ministers

Modi Cabinet reshuffle: Full and final list of all Union ministers and their updated portfolios

Cabinet reshuffle: Prime Minister Narendra Modi has inducted nine new members in the Union Cabinet.

By:  | New Delhi | Updated: September 3, 2017 2:24 PM
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Prime Minister Narendra Modi addresses the inaugural function of the Rajasva Gyan Sangam – Annual Conference of Tax Administrators, in New Delhi on Friday. (PTI Photo)
TOP NEWS
Narendra Modi – Prime Minister and also in-charge of Ministry of Personnel, Public Grievances and Pensions; Department of Atomic Energy; Department of Space; and All important policy issues; and All other portfolios not allocated to any Minister.
CABINET MINISTERS
1.Raj Nath Singh – Minister of Home Affairs
2. Sushma Swaraj – Minister of External Affairs
3. Arun Jaitley – Minister of Finance; and Minister of Corporate Affairs.
4. Nitin Jairam Gadkari – Minister of Road Transport and Highways; Minister of Shipping; and Minister of Water Resources, River Development and Ganga Rejuvenation.
5. Suresh Prabhu – Minister of Commerce and Industry.
6. D.V. Sadananda Gowda – Minister of Statistics and Programme Implementation.
7. Uma Bharati – Minister of Drinking Water and Sanitation.
8. Ramvilas Paswan – Minister of Consumer Affairs, Food and Public Distribution.
9. Maneka Sanjay Gandhi – Minister of Women and Child Development.
10. Ananth Kumar – Minister of Chemicals and Fertilizers; and Minister of Parliamentary Affairs.
11. Ravi Shankar Prasad – Minister of Law and Justice; and Minister of Electronics and Information Technology.
12. Jagat Prakash Nadda – Minister of Health and Family Welfare.
13. Ashok Gajapathi Raju Pusapati – Minister of Civil Aviation.
14. Anant Geete – Minister of Heavy Industries and Public Enterprises.
15. Harsimrat Kaur Badal – Minister of Food Processing Industries.
16. Narendra Singh Tomar – Minister of Rural Development; Minister of Panchayati Raj; and Minister of Mines.
17. Chaudhary Birender Singh – Minister of Steel.
18. Jual Oram – Minister of Tribal Affairs.
19. Radha Mohan Singh – Minister of Agriculture and Farmers Welfare.
20. Thaawar Chand Gehlot – Minister of Social Justice and Empowerment.
21. Smriti Zubin Irani – Minister of Textiles; and Minister of Information and Broadcasting.
22. Dr. Harsh Vardhan – Minister of Science and Technology; Minister of Earth Sciences; and Minister of Environment, Forest and Climate Change.
23. Prakash Javadekar – Minister of Human Resource Development.
24. Dharmendra Pradhan – Minister of Petroleum and Natural Gas; and Minister of Skill Development and Entrepreneurship.
25. Piyush Goyal – Minister of Railways; and Minister of Coal.
26. Nirmala Sitharaman – Minister of Defence.
27. Mukhtar Abbas Naqvi – Minister of Minority Affairs.
MINISTER OF STATE (Independent Charge)
1. Rao Inderjit Singh – Minister of State (Independent Charge) of the Ministry of Planning; and Minister of State in the Ministry of Chemicals and Fertilizers.
2. Santosh Kumar Gangwar – Minister of State (Independent Charge) of the Ministry of Labour and Employment.
3. Shripad Yesso Naik – Minister of State (Independent Charge) of the Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH).
4. Dr. Jitendra Singh – Minister of State (Independent Charge) of the Ministry of Development of North Eastern Region; Minister of State in the Prime Minister’s Office; Minister of State in the Ministry of Personnel, Public Grievances and Pensions; Minister of State in the Department of Atomic Energy; and Minister of State in the Department of Space.
5. Dr. Mahesh Sharma – Minister of State (Independent Charge) of the Ministry of Culture; and Minister of State in the Ministry of Environment, Forest and Climate Change.
6. Giriraj Singh – Minister of State (Independent Charge) of the Ministry of Micro, Small and Medium Enterprises.
7. Manoj Sinha – Minister of State (Independent Charge) of the Ministry of Communications; and Minister of State in the Ministry of Railways.
8. Col. Rajyavardhan Singh Rathore – Minister of State (Independent Charge) of the Ministry of Youth Affairs and Sports; and Minister of State in the Ministry of Information and Broadcasting.
9. Shri Raj Kumar Singh – Minister of State (Independent Charge) of the Ministry of Power; and Minister of State (Independent Charge) of the Ministry of New and Renewable Energy.
10. Hardeep Singh Puri – Minister of State (Independent Charge) of the Ministry of Housing and Urban Affairs.
11. Alphons Kannanthanam – Minister of State (Independent Charge) of the Ministry of Tourism; and Minister of State in the Ministry of Electronics and Information Technology.
MINISTER OF STATE
1. Vijay Goel – Minister of State in the Ministry of Parliamentary Affairs; and Minister of State in the Ministry of Statistics and Programme Implementation.
2. Radhakrishnan P – Minister of State in the Ministry of Finance; and Minister of State in the Ministry of Shipping.
3. S.S. Ahluwalia – Minister of State in the Ministry of Drinking Water and Sanitation.
4. Ramesh Chandappa Jigajinagi – Minister of State in the Ministry of Drinking Water and Sanitation.
5. Ramdas Athawale – Minister of State in the Ministry of Social Justice and Empowerment.
6. Vishnu Deo Sai – Minister of State in the Ministry of Steel.
7. Ram Kripal Yadav – Minister of State in the Ministry of Rural Development.
8. Hansraj Gangaram Ahir – Minister of State in the Ministry of Home Affairs.
9. Haribhai Parthibhai Chaudhary – Minister of State in the Ministry of Mines; and Minister of State in the Ministry of Coal.
10. Rajen Gohain – Minister of State in the Ministry of Railways.
11. General (Retd.) V. K. Singh- Minister of State in the Ministry of External Affairs.
12. Parshottam Rupala – Minister of State in the Ministry of Agriculture and Farmers Welfare; and Minister of State in the Ministry of Panchayati Raj.
13. Krishan Pal – Minister of State in the Ministry of Social Justice and Empowerment.
14. Jaswantsinh Sumanbhai Bhabhor – Minister of State in the Ministry of Tribal Affairs.
15. Shiv Pratap Shukla – Minister of State in the Ministry of Finance.
16. Ashwini Kumar Choubey – Minister of State in the Ministry of Health and Family Welfare.
17. Sudarshan Bhagat – Minister of State in the Ministry of Tribal Affairs.
18. Upendra Kushwaha – Minister of State in the Ministry of Human Resource Development.
19. Kiren Rijiju – Minister of State in the Ministry of Home Affairs.
20. Dr. Virendra Kumar – Minister of State in the Ministry of Women and Child Development; and Minister of State in the Ministry of Minority Affairs.
21. Anantkumar Hegde – Minister of State in the Ministry of Skill Development and Entrepreneurship.
22. M. J. Akbar – Minister of State in the Ministry of External Affairs.
23. Sadhvi Niranjan Jyoti – Minister of State in the Ministry of Food Processing Industries.
24. Y. S. Chowdary – Minister of State in the Ministry of Science and Technology; and Minister of State in the Ministry of Earth Sciences.
25. Jayant Sinha – Minister of State in the Ministry of Civil Aviation.
26. Babul Supriyo – Minister of State in the Ministry of Heavy Industries and Public Enterprises.
27. Vijay Sampla – Minister of State in the Ministry of Social Justice and Empowerment.
28. Arjun Ram Meghwal – Minister of State in the Ministry of Parliamentary Affairs; and Minister of State in the Ministry of Water Resources, River Development and Ganga Rejuvenation.
29. Ajay Tamta – Minister of State in the Ministry of Textiles.
30. Krishna Raj – Minister of State in the Ministry of Agriculture and Farmers Welfare.
31. Mansukh L. Mandaviya – Minister of State in the Ministry of Road Transport and Highways; Minister of State in the Ministry of Shipping; and Minister of State in the Ministry of Chemicals and Fertilizers.
32. Anupriya Patel – Minister of State in the Ministry of Health and Family Welfare.
33. C.R. Chaudhary – Minister of State in the Ministry of Consumer Affairs, Food and Public Distribution; and Minister of State in the Ministry of Commerce and Industry.
34. P.P. Chaudhary – Minister of State in the Ministry of Law and Justice; and Minister of State in the Ministry of Corporate Affairs.
35. Subhash Ramrao Bhamre – Minister of State in the Ministry of Defence.
36. Gajendra Singh Shekhawat – Minister of State in the Ministry of Agriculture and Farmers Welfare.
37. Dr. Satya Pal Singh – Minister of State in the Ministry of Human Resource Development; and Minister of State in the Ministry of Water Resources, River Development and Ganga Rejuvenation.

http://www.financialexpress.com/india-news/narendra-modi-cabinet-full-list-of-ministers-and-their-portfolios-updated/838588/
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Himadri Speciality Chemical Ltd

Saturday, February 20, 2016

BUY HIMADRI


posted on Saturday, February 20, 2016

( JUST TO REMEMBER THE SUCCESS STORY) 


BOUGHT @ 16.8 HOLDING IN SOME ACCOUNTS, TODAY THE PRICE IS 112 HIGH @115












Quarterly results in brief
(Rs crore)
Dec' 15Sep' 15Jun' 15Mar' 15Dec' 14
Sales305.51310.18275.92341.86326.95
Operating profit53.5035.9216.716.4729.01
Interest25.4230.3727.5016.2230.34
Gross profit25.961.83-14.19-10.90-0.19
EPS (Rs)0.15-0.25-0.52-0.41-0.25






Himadri Chemicals & Industries Ltd, the flagship of Himadri Group, is the largest manufacturer of coal tar pitch in India. The company was founded to develop, manufacture and market chemical products with a special emphasis on coal tar and its derivatives. They supply coal tar pitch to well-known domestic aluminium and graphite industry players like Nalco, Balco, Hindalco, HEG, Graphite India and international players like Dubal, AOG, Graftech and SGL. The company is a leader in the domestic market for the supply of coal tar pitch and other by-products with around 70 percent share of the market.

The company has five state-of-the-art coal tar distillation plants in India. The company has two plants in Howrah, West Bengal, one in Hooghly, West Bengal, one in Visakhapatnam, Andhra Pradesh and one in Korba, Chhattisgarh. Himadri Chemicals & Industries Ltd was incorporated as a private limited company in July 1987. In November 1991, the company was converted into a public limited company. In the year 1996, the company developed a technology for producing impregnating pitch and in the year 1997, they completed the expansion and modernization of their Howrah and Visakhapatnam plant. In the year 1999, the company set up third state of art coal tar distillation plant at Howrah. In the year 2001, they formed the corrosion protection division and starts manufacturing coal tar based pipe coating product at Visakhapatnam. In the year 2002, they introduced Liquid Pitch, which are supplied to the consumers in specialized and dedicated tankers. In the year 2003, the company set up their fourth modernized coal tar distillation plant at Hooghly with capacity to produce 1,20,000 MT of Coal Tar Pitch per annum. During the year 2005-06, the company commissioned a by-product plant in Hooghly for the manufacture of value added products. They   also commissioned a pilot plant for the manufacture of advanced carbon material used in lithium ion batteries with in-house technology. 

The company expanded the production capacity of the coal tar pitch at Hooghly form 28700 MTPA to 63700 MTPA. The company commenced the supply of coal tar pitch to Dubai Aluminium co, manufacturer of the highest purity aluminium in the world. They also commenced a representative office in China. During the year 2006-07, the company incorporated a wholly owned subsidiary in Hong Kong to manage their customer presence and facilitate the acquisition strategy. They set up a plant at Korba in Chhattisgarh as a precursor. They commissioned two windmills, which can generate 2.50 MW wind energy in the Dhule district of Maharashtra. In the same year, the company completed the first phase of expansion at Mahistikry, West Bengal to manufacture naphthalene. Also, they installed a granulation unit used for cooling coal tar pitch from more than 300 degrees centigrade to atmospheric for onward conversion into solid pencil form. The company expanded the coal tar distillation capacity in Hooghly from 91000 MTPA to 170000 MTPA. During the year 2007-08, the company commissioned their melting plant in Korba plants to build dedicated melting facilities near major customers' plant to accelerate just-in-time delivery. 

The company has undertaken a project at Mahistikry in West Bengal for the manufacture of Carbon Black with an annual capacity of 50000 MT and a capitive power plant of 12 MW capacity based on waste heat gas through forward integration. In September 2008, the company through their wholly owned subsidiary company, Himadri Global Investment Ltd entered into a joint venture contract, with Chinese company to takeover existing coal tar distillation plant in Xiaoyi, Shanxi.
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http://articles.economictimes.indiatimes.com/2012-02-06/news/31030975_1_capacity-expansion-himadri-chemicals-tonne-capacity
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http://articles.economictimes.indiatimes.com/2011-07-01/news/29726284_1_organic-growth-capacity-expansion-expansion-plans

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THANKS TO BS, REDIFF,ICHARTS AND ET FOR THEIR INFO SUPPORT.....
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Narendra Modi’s $87 billion river-linking project set to take off as floods hit India

After years of foot-dragging, the govt plans to begin work on an $87 billion scheme to connect nearly 60 rivers in the country as Narendra Modi bets on the project to end deadly floods, droughts

Mayank Bhardwaj

Large areas of eastern and north-eastern India are reeling under floods in which hundreds have died, while torrential rain also brought Mumbai to a standstill this week. The Tamil Nadu, in contrast, recently rationed drinking water due to drought. Photo: PTI
Large areas of eastern and north-eastern India are reeling under floods in which hundreds have died, while torrential rain also brought Mumbai to a standstill this week. The Tamil Nadu, in contrast, recently rationed drinking water due to drought. Photo: PTI
Daudhan: After years of foot-dragging India will begin work in around a month on an $87 billion scheme to connect some of the country’s biggest rivers, government sources say, as Prime Minister Narendra Modi bets on the ambitious project to end deadly floods and droughts.
The mammoth plan entails linking nearly 60 rivers, including the mighty Ganges, which the government hopes will cut farmers’ dependence on fickle monsoon rains by bringing millions of hectares of cultivatable land under irrigation.
In recent weeks, some parts of India and neighbouring Bangladesh and Nepal have been hit by the worst monsoon floods in years, following two years of poor rainfall.
Modi has personally pushed through clearances for the first phase of the project — which would also generate thousands of megawatts of electricity — the sources say, despite opposition from environmentalists, tiger lovers and a former royal family.
That will involve construction of a dam on the Ken river, also known as the Karnavati, in north-central India and a 22-km (14-mile) canal connecting it to the shallow Betwa.
Both rivers flow through vast swathes of Uttar Pradesh and Madhya Pradesh states, ruled by Modi’s Bharatiya Janata Party (BJP), and the prime minister hopes the Ken-Betwa scheme will set a template for other proposed river interlinking projects, one of the sources said.
“We have got clearances in record time, with the last round of clearances coming in only this year,” Sanjeev Balyan, the junior water resources minister, told Reuters. “The Ken-Betwa interlinking tops the priority list of the government.”
Government officials say diverting water from bounteous rivers such as the Ganges, Godavari and Mahanadi to sparse waterways by building a clutch of dams and a network of canals is the only solution to floods and droughts.
But some experts say India would be better off investing in water conservation and better farm practices. Environmentalists and wildlife enthusiasts have also warned of ecological damage.
BJP states first
The 425-km (265-mile) Ken flows through a tiger reserve nestled in a verdant valley. The government plans to clear out 6.5% of the forest reserve to build the dam, relocating nearly 2,000 families from 10 remote villages.
Around half a dozen clearances, including on environmental and forest protection, have been obtained for the scheme to link the Ken and Betwa, according to two sources and documents seen by Reuters.
Modi’s cabinet is likely to give its final go-ahead for the project within a couple of weeks, sources say, after which he will flag off construction at the site about 805 km (500 miles) from New Delhi, currently marked only by rows of red concrete slabs placed on the ground.
The government is also finishing up paperwork on projects in western India linking the Par-Tapi with the Narmada and the Daman Ganga with the Pinjal. The projects involve Modi’s home state of Gujarat and neighbouring Maharashtra, which includes Mumbai, both also ruled by the BJP.
The river-linking projects was first proposed in 2002 by the last BJP-led government. Work stalled because state governments sparred over water sharing contracts and clearances got stuck in India’s notoriously ponderous bureaucracy.
This time, officials hope starting with projects that are all in BJP-ruled states will smooth negotiations.
Modi’s government is touting the linking of rivers as a panacea to the floods and droughts that plague India every year, killing hundreds of poor people and withering crops.
Large areas of eastern and north-eastern India are reeling under floods in which hundreds have died, while torrential rain also brought the commercial capital Mumbai to a standstill this week. The southern state of Tamil Nadu, in contrast, recently rationed drinking water due to drought.
Not everyone is convinced the projects should be the priority, however.
“Theoretically we can’t find fault with the plan,” said Ashok Gulati, a farm economist who has advised governments. “But spending billions of dollars in a country which wastes more water than it produces, it makes more sense to first focus on water conservation.”
India, which has 18% of the world’s population but only 4% of the usable water resources, perversely gives incentives to produce and export thirsty crops such as rice and sugar cane.
Tigers, vultures and canyons
The proposed 77-metre high (250-ft), 2-km long dam on the Ken River will submerge 9,000 hectares of mostly forest land. A big portion will come from the Panna Tiger Reserve, near the UNESCO world heritage site of Khajuraho Temple in Madhya Pradesh.
The forest reserve, a major tourist attraction, is home to 30-35 tigers and nearly 500 vultures.
“Building a dam in a reserve forest is an invitation to a grave environmental disaster,” said Shyamendra Singh, the scion of the Maharajas who ruled a princely state near Panna during the British colonial era. “It will lead to floods in the forest and drought in the downstream.”
Authorities say they have planned for the safety of tigers and vultures.
People in Daudhan village, not very far from the Gangau dam built by the British in 1915, are ambivalent. With no access to electricity and other basic services, they want more information on what they will get in return for being displaced.
“We never got to see electricity in our village,” said village elder Munna Yadav, gesticulating towards the Ken flowing a few metres from his thatched cottage. “If our children get to move out of this area and if the dam benefits everyone, we’ll not oppose it.” Reuters
First Published: Fri, Sep 01 2017. 08 43 AM IST

http://www.livemint.com/Politics/CXOomlTqJMoDYIXPrLVrNP/Narendra-Modis-87-billion-riverlinking-project-set-to-tak.html?li_source=LI&li_medium=news_rec
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INDIAN STOCK MARKETS SEPTEMBER SERIES DAILY STUDY REPORT

US MARKETS: FRIDAY DOW UP 39 POINTS @ 21987 AND NASDAQ UP BY 6.60 POINTS @ 6435
EUROPE: DAX CLOSED IN POSITIVE WITH 87 POINTS @ 12143.
POLITICAL NEWS: AS PER REPORTS 9 NEW MINISTERS TO BE INDUCTED IN THE CABINIT. THE CABINET RESHUFFLE CAN BRING SOME CHEER TO MARKETS AND MAY STAY ABOVE 9920 FOR SOME TIME.
COMPANY SPECIFIC NEWS:
INFY PLANS TO APPOINT PRAVEEN RAO AS MD.
RELIANCE TO GIVE JIO-HANDSET BY NAV RATRI.
THE MACRO ECONOMIC NEWS:
NOTE BAN AND GST DISRUPTION ADDED FUEL TO THE SLOWING ECONOMY. THE AUTO SALES HAS SHOWN SOME SIGNS OF RELIEF AS THE ECONOMY IS BACK ON TRACK. THE PSU BANK CONSOLIDATION AND BAD DEBT RECOVERY PLANS MAY HOLD THE CREDIT FLOW TO CORPORATES.

NIFTY: BROAD RANGE SUPPORT AS PER THE RECENT SERIES OPENING MADE YESTERDAY WITH OPTIONS DATA @ : 9700 & 9500 WHILE RESISTANCE BETS ARE OPENED @ 10000 AND 11000

BANK NIFTY: SIMILARLY THE CALL WRITING HAPPENED AROUND 25000,25500 AND PUT WERE WRITTEN @ 23000 AND 23500

IMPORTANT DISCLAIMER:
TRADING IS HIGHLY RISKY AND TRADER ARE THE MOST TO LOOSE AND A CHALLENGING  JOB DUE TO POOR TIMING AND LIMITED CAPITAL.
SO ALWAYS CONSULT YOUR EXPERT ADVISOR AND MAKE YOUR STUDY.

POSSIBLE ACTION AS PER MY STUDY: CONSIDER FOR EDUCATION
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MOST PEOPLE BET INDIA DESPITE HIGH P/E ..

India most expensive market on forward earnings multiple

Ashley Coutinho/Mumbai 02 Sep 17 | 02:02 AM

India is now the most expensive market in the world, as measured by its price-to-earnings multiple for the next one year.

Nifty 50 companies traded at a price-to-earnings (P/E) multiple of over 20 times based on calendar year 2017 dollar estimates, making India the most expensive market in the world, data collated from Bloomberg and a brokerage report showed. Benchmark Nifty and Sensex were the top performing indices year to date, behind only Mexico, with the Nifty 50 clocking a gain of 29.3 per cent.


In terms of earnings growth in constant currency terms, however, India was placed 16th when earnings for the Nifty 50 companies were taken into consideration, in comparison with markets such as Taiwan, Singapore, France, the Netherlands, Germany, South Korea and Mexico. Even if we consider the actual earnings growth in the last three years in constant currency, India is number 12 behind markets such as the US, Indonesia and Thailand.


Analysts said earnings growth would revive in the second half of FY18 and pick up steam in the first two quarters of FY19, as the ripples of demonetisation, goods and services tax (GST) and a spike in banks’ non-performing loans (NPL) fade. An increase in earnings would bring down the P/E multiple, assuming same levels for the indices, thereby making the markets less expensive. 


“Nifty earnings growth could rise to double digits from the September 2017 quarter, after stalling around 2 per cent CAGR for the past five years," said foreign brokerage CLSA in a recent note. “The macro environment seems favourable as the disruptive forces of demonetisation, GST and NPL recognition fade, creating a low base from which to launch healthy year-on-year earnings trends."


India

Despite the prediction of a revival in earnings growth, the same in the past few years has always been lower than initial estimates. It will be interesting to see if the trend going forward will be any different. The latest gross domestic product (GDP) growth, at a three-year low for the first quarter, has not been encouraging. Analyst attributed the weak GDP data to specific factors such as GST-related destocking, rupee appreciation, weaker agriculture activity and higher subsidy payout. 


According to Crisil, GDP cannot grow at a fast clip in an environment of subdued global growth and weak investments. “For fiscal 2018, we are in the process of revising down our GDP growth forecast from 7.4 per cent stated earlier. That said, normal monsoon, softer interest rates and inflation, and pent-up demand (demand that was postponed due to demonetisation) will support consumption growth in the remaining quarters. There will also be a mild push to consumption from budgetary announcements," said CRISIL in its research note on Thursday.


The CLSA report added: “A meaningful and sustained earnings recovery will need a capex-cycle revival, which would follow a resumption of growth in the housing segment. Best-in-two-decades affordability and the Modi administration’s push will help revitalise housing market activity, which will create more than two million jobs per year. With the government turning more favourable on rural policies, we have already seen a small revival in rural wage growth, which should help consumers, autos and housing, among others." 

 http://smartinvestor.business-standard.com/market/Marketnews-481112-Marketnewsdet-India_most_expensive_market_on_forward_earnings_multiple.htm#.WasS74iGO00
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