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Sugar industry to take Centre to court
The sugar industry is all set to challenge the recent amendment to the Essential Commodities Act, which seeks to introduce a fair and remunerative price (FRP) for sugarcane, besides absolving the government of a Rs 14,000-crore levy price obligation arising out of several court rulings.

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Avon Corp posts Q1 net at Rs 3.38 cr
The Mumbai-based Avon Corporation has posted first ever quarterly net profit at Rs 3.38 crore in the first quarter of the current fiscal on a turnover of Rs 25.79 crore.

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JSW Steel: A Japanese connection
Since the foreign partner isn’t buying equity in JSW Steel, there’s no reason for a re-rating.
Small Business

Ipca Labs mulls stock split; Board meet on Jan 21

A meeting of the board of directors will be held on January 21 to consider sub-dividing the equity shares and a second interim dividend for FY09-10, besides the unaudited financial results for the third quarter and nine months ended December 31, 2009, according to the company"s filing with the BSE. - Sunny re-rating of pharma companies - Jindal Saw pares gains after stock split - Allcargo Global to raise Rs 101 cr via debenture issue - Educomp up 6% - GMR Infrastructure okays stock split - GMR Infra splits stock in the ratio of 1:2 The company had declared he first interim dividend for FY09-10 last October. The shares of IPCA Labs are trading at Rs 1090, stronger by Rs 44 or 4.4%, on the BSE.


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