Sugar rises on heavy buying by stockists, restricted supply

The government has relaxed the norms for mills to sell entire non-levy sugar for May, on a monthly basis from the fortnightly basis earlier

Sugar prices rose at the Vashi wholesale market here today on the back of heavy buying by stockists amid restricted supplies from mills, reports PTI.

Meanwhile, the government relaxed the norms for the mills to sell entire non-levy sugar for May, on a monthly basis from the fortnightly basis earlier.

Medium sugar quality (M-30) strengthened by Rs 60/70 per quintal to Rs2,950/3,030 from last Friday's closing level of Rs2,890/2,960.

Small sugar quality (S-30) also firmed up by Rs50/65 per quintal to Rs2,895/2,950 as against Rs2,830/2,900 previously.

Following are today’s closing rates per quintal with previous rates in brackets.

Small sugar (S-30) quality Rs2,895/2,950 (Rs2,830/2,900) and medium sugar (M-30) quality Rs2,950/3,030 (Rs2,890/2,960).
 

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Financial castles in the air-V

Builders are offering ‘guaranteed’ returns—and rebates—to homebuyers in return for upfront payments even for under-construction properties. This is the fifth part of a continuing series

Emaar MGF Land Ltd, a Delhi based real-estate company—which is planning to list on the Bombay Stock Exchange (BSE)—is offering different rebates for its various residential projects, if homebuyers pay almost 95% of the basic sale price (BSP) within 30 days-45 days of booking a property. 

The company is offering 5%-12% rebate on the BSP for its various residential projects situated around Delhi −‘Palm Terraces, Palm Hills’, ‘Esplanade’ and the ‘Commonwealth Games Village’—under its down-payment scheme.

According to the company’s website, the customer has to pay minimum of Rs5 lakh (which varies from project-to-project) at the time of booking the property; 95% of the sale price plus 100% external development charges (EDCs); 100% infrastructure development charges (IDCs) and cost of parking slot within a stipulated time (30 days or 45 days)—all which differ from project-to-project. The remaining 5% of the BSP can be paid when the customer receives an intimation of the possession of the property.

The developer is also offering 12% rebate if the customer is purchasing a property in Palm Hills at Gurgaon under the down-payment scheme. The buyer is supposed to pay 95% of the sale price and all charges mentioned above plus 100% club membership charges within 45 days. The remaining charges can be paid after the buyer gets the intimation of the possession. Currently the price for a three bedroom-hall-kitchen (BHK) in this project is Rs3,499 per sq ft.

The same rebate is being offered for the developer’s ‘Palm Terraces’ project which is priced at Rs5,250 per sq ft for a 4-BHK covering 2,100 sq ft. For the ‘Commonwealth Games Village’, the developer is only offering 5% rebate on the payment of 95% of the BSP within 30 days. The booking amount for a 2-BHK starts from Rs25 lakh. 

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COMMENTS

pritam mugal

7 years ago

nice....

REPLY

Mayu

In Reply to pritam mugal 7 years ago

ok

pritam mugal

In Reply to pritam mugal 7 years ago

reply to my comment

Renault, Bajaj & Nissan agree to price low-cost car at $2,500

The partners have solved the tricky issue of pricing, which has been widely speculated as the reason for the delay in the project announced in 2008

French auto major Renault and Bajaj Auto have agreed to price the ultra low cost (ULC) car that they are jointly developing with Nissan at $2,500, (around Rs1.10 lakh) to take on the Tata Nano, reports PTI.

“In India, Renault and Nissan are developing an ultra low-cost vehicle with the Bajaj Group, benefiting from its expertise in light vehicles and the knowledge of the Indian market. We are aiming for a price of $2,500,” Renault president and CEO Carlos Ghosn said at the Annual General Meeting of the company on Friday.

When asked if this is the agreed price range, Bajaj Auto managing director Rajiv Bajaj replied in the affirmative. The partners have, thus, solved the tricky issue of pricing, which has been widely speculated as the reason for the delay in the project announced in 2008. While Renault wanted a low cost car, Bajaj was keen on a car that would have high mileage and low maintenance.

Originally, the car was scheduled to hit the market this year, but that has been postponed to 2012. It will take on the Tata Nano, which is currently available in a price range of Rs1.23 lakh-Rs1.72 lakh (ex-showroom Delhi) for three variants.

Last year, during his India visit, Mr Ghosn had announced finalisation of the project and said “as per the agreement, the design, engineering, sourcing and manufacturing will be handled by Bajaj Auto, while marketing and selling will be (done) by the Renault-Nissan alliance.”

He, however, had declined to comment on the pricing of the car.

Officials of the alliance had said that the car will be smaller than Maruti Suzuki’s Alto, which is the biggest selling model in India.

The three partners of the ULC project have been struggling to find engineering solutions to produce such a low cost product.

In March this year Nissan Motor executive vice president Collin Dodge had said, “It is over two years that Bajaj is trying to produce the car. The physics of it is very difficult. We have not yet found a solution as there are a lot of engineering solutions required.”
 

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COMMENTS

Shadi Katyal

7 years ago

How can one talk of this price of $2500 when car will be in the market in 2012. would inflation not effect the price at that time.Will TATA for 2 years sit and watch and not fine tune NANO?
Is this not misleading to public?

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