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News about SEZs

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  • Services to push Maharashtra to $1-trillion economy: Fadnavis - Hindu: Cities    (2018-05-15T18:30:00Z)
    Mumbai: The services sector will have a large role to play in making Maharashtra a trillion-dollar economy by 2025, according to Chief Minister Deven
  • India seeking foothold in ASEAN through Myanmar-Experts - Sify News    (1969-12-31T18:30:00Z)
    [Myanmar], May 15 (ANI): India's change in approach from a 'Look East' policy to an 'Act East' policy is aimed at gaining a foothold in the Association of South East Asian Nations (ASEAN), experts
  • India seeking foothold in ASEAN through Myanmar-Experts - General News    (2018-05-14T18:30:00Z)
    India's change in approach from a 'Look East' policy to an 'Act East' policy is aimed at gaining a foothold in the Association of South East Asian Nations (ASEAN), experts familiar with these moves have said in the wake of the recent visit to Myanmar by External Affairs Minister Sushma Swaraj.In an interaction with the Myanmar Times, Professor Prabir De of the ASEAN-India Centre, which is a part of the Research and Information System for Developing Countries, said the completion or near completion of the Sittwe and Dawei projects in Myanmar is very important for India's efforts to establish a link with ASEAN countries through Myanmar."Digital connectivity and infrastructure are important for boosting links with Myanmar," Professor De was quoted as saying.He, however, pointed out that both India and Myanmar are guilty of missing out on several deadlines for projects, despite having access to a USD 1.75 billion special fund it has extended to ASEAN.It may be recalled that both India ...
  • Diamond biz in India will continue to grow this year: De Beers - General News    (2018-05-12T18:30:00Z)
    De Beers, the world's largest diamond producer, has said the business in the country will continue to grow this year despite dampened sentiments following Nirav Modi-led PNB fraud. "There has been this banking scandal, that is clearly a fraud, and had certainly dampened sentiments little bit.... But having said that, I think consumer demand in India, as we have Forevermark brand, is doing very well. "It's been an unfortunate incident but the demand in India this year would be reversed, would be good and the business in India will continue to grow in 2018," De Beers Group CEO Bruce Cleaver told PTI here. Diamond merchants Nirav Modi and his uncle Mehul Choksi are alleged to have perpetrated the country's biggest banking sector scam of Rs 13,000 crore at Punjab National Bank, mainly by way of issuance of fraudulent Letters of Undertaking (LoUs). The Centre has also intervened in the bankruptcy proceedings of Nirav Modi firms in the US to protect the interests of PNB. Meanwhile, Cleaver .
  • Three development zones mooted for district - Hindu: Home    (2018-05-11T18:30:00Z)
    Spatial plan proposes special economic zone for Kozhikode
  • Rajgurunagar-Khed SEZ cancelled due to injustice to farmers: - General News    (2018-05-10T18:30:00Z)
    Maharashtra Chief Minister Devendra Fadnavis today said that his government cancelled the Rajgurunagar-Khed Special Economic Zone (SEZ) as injustice was done to the farmers of the area. Fadnavis had recently cancelled the SEZ and had also waived off the stamp duty on the transfer of land to project-affected people of four villages, Nimgaon, Kanersar, Dawadi and Kendur. Fadanvis was speaking to a farmers' delegation, led by Hatkanangle Lok Sabha MP Raju Shetti, which met him to thank him for this decision. "The government has always given priority to the interests of farmers. When acquiring land, maximum compensation should be given. Efforts have been made to see that the rehabilitation of projected affected people is done well," Fadnavis said. Shetti hailed the Maharashtra CM's decision as positive and pro-farmer. In 2007, 1,250 hectares of land was acquired for the SEZ from the four villages in 2007. According to the contract, 15 per cent of this land was to be ...
  • Hotel, restaurant services provided to SEZ units taxable under GST: AAR - DNA: Bangalore    (2018-05-09T18:30:00Z)
    Hotel, restaurant services provided to SEZ units taxable under GST: AAR
  • Hotel, restaurant services provided to SEZ units taxable under GST: AAR - General News    (2018-05-09T18:30:00Z)
    Hotel or restaurant services provided to SEZ developers or units will not be treated as 'zero-rated' supplies and hence will be taxable under the Goods and Services Tax (GST) regime, the Authority for Advance Ruling (AAR) has said. In an application filed before the Karnataka bench of the AAR, the applicant had sought to clarify whether hotel accommodation and restaurant services provided by them, within the premises of the hotel, to the employees and guests of SEZ units be treated as supply of goods and services. "The hotel accommodation and restaurant services being provided by the applicant, within the premises of the hotel, to the employees and guests of SEZ units, cannot be treated as supply of goods and services to SEZ units in Karnataka and hence they are the intra-state supply and are taxable accordingly," the AAR order said. In the earlier service tax regime, the law provided that only services which are labelled as "authorised operation" will be treated as zero-rated supply .
  • Zydus Cadila gets USFDA nod for Carbidopa tablets - General News    (2018-05-09T18:30:00Z)
    Drug firm Zydus Cadila today said it has received approval from the US health regulator to market Carbidopa tablets, used to treat symptoms of Parkinson-disease, in the American market. The company has received final approval from the US Food and Drug Administration (USFDA) to market the product, Zydus Cadila said in a statement. The product is used in a combination (levodopa/carbidopa) to treat symptoms of Parkinson's disease or Parkinson-like symptoms such as shakiness, stiffness, and difficulty in moving. The drug would be manufactured at the group's manufacturing facility at SEZ, Ahmedabad. Zydus group now has more than 190 approvals and has so far filed over 320 abbreviated new drug applications (ANDAs) with the USFDA.
  • Zydus Cadila gets USFDA nod for Carbidopa tablets - General News    (2018-05-09T18:30:00Z)
    Zydus Cadila has received final approval from the US health regulator to market Carbidopa tablets, used for treating symptoms of Parkinson's disease. Parkinson's symptoms include shakiness, stiffness and difficulty in moving. Zydus Cadila has received the final approval from the USFDA to market Carbidopa tablets (25 mg), the company said in a BSE filing. The approved product will be manufactured at the group's manufacturing facility at SEZ, Ahmedabad. The Zydus group has more than 190 approvals and so far filed over 320 abbreviated new drug applications (ANDAs) since it started filings in 2003-04. Shares of Cadila Healthcare, the listed entity of the group, were up 0.31 per cent at Rs 401.75 per scrip on BSE today.
  • Prabhu asks ministries to prepare action plan to boost exports - General News    (2018-05-07T18:30:00Z)
    Commerce and Industry Minister Suresh Prabhu today asked various departments and ministries, including agriculture and pharma, to submit their respective action plans for boosting exports. Addressing secretaries and senior officers of different departments at the first inter-ministerial meeting on Sectoral Export Promotion Strategy, he asked them to submit their plans within a fortnight, an official statement said. "The action plan should also have short term targets which are achievable in the next two months," the ministry said. He said that exports are strategically important for the country and sustained growth in the shipments is critical for India. "It is therefore imperative to promote exports as a combined and joint mission which requires the effort of all ministries and departments of the government," he added. The commerce ministry will take the assistance of the ministry of external affairs to implement the action plans through commercial missions abroad. Emphasising on the
  • Port of Antwerp keen on tie-ups with Vizag exporters - Hindu: National    (2018-05-06T18:30:00Z)
    The Antwerp Port Authority is keen on exploring the export cargo from Visakhapatnam to Antwerp, which is being showcased as the gateway to the Europe
  • CBI books former PEC CMD A K Mirchandani, other officials for cheating - Business Standard: Today    (2018-05-04T18:30:00Z)
    PEC had entered into 15 agreements between 2010-12 with Pisces Exim Ltd for export of iron ore to a foreign buyer for which funds were released by it, they said
  • ‘Iruttu Araiyil Murattu Kuththu’ review: A juvenile adult comedy that’s ridiculous when it’s not funny - Hindu: Medicine & Research    (2018-05-03T18:30:00Z)
    Adult comedies are to cinema what special economic zones are to a country. They work on a different set of rules. And with adult comedies, there’s ju
  • Sensex, Nifty settle at over 1-week low - General News    (2018-05-03T18:30:00Z)
    Trading for the week ended on a subdued note as the key benchmark indices logged modest losses weighed by selling pressure in index pivotals ITC, HDFC and Reliance Industries. The barometer index, the S&P BSE Sensex, lost 187.76 points or 0.53% to settle at 34,915.38. The Nifty 50 index fell 61.40 points or 0.57% to settle at 10,618.25. The Sensex and the Nifty, both, settled at over 1-week low.
  • Results of APSEZ within expectations:Moody's - General News    (2018-05-03T18:30:00Z)
    Moody's Investors Service today said financial results reported by Adani Ports and Special Economic Zone Ltd (APSEZ) for the year ending March 2018 were within its expectations. "Adani Ports and Special Economic Zone Ltd's (APSEZ) (Baa3 stable) results for full year ending March 2018 (FY2018) are within Moody's expectations," the global rating agency said in a statement. The port developer and terminal operator's consolidated revenue from operations on year-on-year basis in FY'18 was up by 34 per cent at Rs 11,323 crore. "FY2018 performance for APSEZ was driven by seven per cent year on year (YoY) growth in cargo volumes and a strong 5.4x growth in Special Economic Zone (SEZ) income compared to FY2017," Abhishek Tyagi, a Moody's vice-president and senior analyst said. APSEZ's coal cargo volumes in 2017-18 were negatively impacted by lower utilisation rate of Adani Power's 4.6 GW Mundra power project. "The strong growth in SEZ income in FY2018 was driven by recognising of revenues ...
  • Adani Ports up 3% on post Q4 results - Business Standard: News Now    (2018-05-03T18:30:00Z)
    The stock was trading 2.6% higher at Rs 407, the top gainer among S&P BSE Sensex at 01:50 pm.
  • Adani Ports Q4 net at Rs 927 cr dips 21% on more tax outgo - All News-IANS Stories    (2018-05-02T18:30:00Z)
    Adani Ports and Special Economic Zone (APSEZ) on Thursday reported 20.5 per cent fall in consolidated net profit at Rs 926.77 crore for the fourth quarter ending March mainly on account of higher tax incidence.
  • Adani Ports & Special Economic Zone consolidated net profit declines 20.19% in the March 2018 quarter - General News    (2018-05-02T18:30:00Z)
    Sales rise 42.64% to Rs 3182.86 crore
  • Adani Ports & Special Economic Zone standalone net profit declines 16.35% in the March 2018 quarter - General News    (2018-05-02T18:30:00Z)
    Sales rise 57.46% to Rs 1944.35 crore
  • Adani Ports and Special Economic Zone Q4 profit declines 19% to 940 cr - General News    (2018-05-02T18:30:00Z)
    Port developer and operator Adani Ports and Special Economic Zone (APSEZ) today reported 19.9 per cent decline in consolidated profit at Rs 940.4 crore for the quarter ended on March 31, 2018. The company had posted a consolidated total comprehensive income of Rs 1,174.7 crore in the year-ago period, Adani Ports and Special Economic Zone said in a filing to BSE. The company's consolidated income increased to Rs 3,487.2 crore during January-March 2018 from Rs 2,554.7 crore in the year-ago period. "Consolidated PAT for Q4FY18 is Rs 938 crore," the company said in a statement. "The profit after tax would have been higher but for higher tax incidence to Rs 396 crore in Q4FY18 from Rs 12 crore in Q4FY17. This is because Mundra port has come out of tax holiday period. However, from cash flow angle there is no incremental impact as company has MAT (Minimum Alternative Tax) credit entitlement," it said. The MAT credit as on March 31, 2017 was Rs 2,685 crore. As of March 31, 2018 the balance
  • Mahindra World City, Jaipur now home to North India’s largest multi-product SEZ - Projects Monitor    (2018-05-02T18:30:00Z)
    Mahindra World City, Jaipur now home to North India’s largest multi-product SEZ The post Mahindra World City, Jaipur now home to North India’s largest multi-product SEZ appeared first on Indias first NewsPortal on Projects.
  • Tata Power in spotlight after Q4 results - General News    (2018-05-02T18:30:00Z)
    On a consolidated basis, Tata Power reported a net profit of Rs 1477.50 crore in Q4 March 2018 compared with net loss of Rs 226.93 crore in Q4 March 2017. Net sales rose 12.70% to Rs 7895.23 crore in Q4 March 2018 over Q4 March 2017. The result was announced after market hours yesterday, 2 May 2018.
  • MWC Jaipur notified as multi-product SEZ - General News    (2018-04-29T18:30:00Z)
    Mahindra World City (MWC) Jaipur today said it has received multi-product notification for its Special Economic Zones, which will make it one of India's most preferred business destinations. The existing sectoral SEZs in MWC Jaipur Engineering & Related Industries, IT/ITeS, Handicrafts, and Gems & Jewellery have been merged and will operate as one multi-product SEZ, MWC Jaipur said in a statement said. The MWC Jaipur is a joint venture between Mahindra Lifespace Developers (MLDL) and Rajasthan State Industrial Development and Investment Corporation (RIICO). Multi-product notification for its Special Economic Zone provides significant impetus to the MWC Jaipur as one of India's most preferred business destinations - which is already home to more than 80 leading global and domestic companies across its industrial zone, it added. Established in 2006, the MWC Jaipur embodies the philosophy of 'Livelihood, Living and Life', and has created employment for more than 35,000 persons
  • Market Outlook: Q4 results, macro-data to dictate equity indices trend - Sify Finance    (2018-04-28T18:30:00Z)
    Macro-economic data points, coupled with fourth quarter (Q4) earning results, are expected to influence the Indian equity markets during the upcoming truncated week.


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