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Anupam Chemicals: Good IPO for Investment      Anupam Chemicals India Ltd., which produces specialty chemicals used in agriculture, medicine and personal use in its six units located in Surat, Gujarat. On March 12, the capital is coming to the market. Anupam is aiming to raise Rs 760 crore through the sale of shares on a bid (bid) basis at a price of Rs 553-555.     Was founded in Surat in 1984 as a common firm. Anand Desai, Dr. Kiran C. Patel, Mona A. Desai are the major promoters. Two firms RIRCPL and KPILLC were made shareholders by giving a stake in Anupam. The company started small business but gradually expanded.     At present it has six production units, out of which four units are located in Sachin and two factories in Jhagadia. Their total installed capacity is 23438 tonnes annually. Anupam produces 36 types of chemicals in its units. Apart from the domestic market, these chemicals are also exported to many countries including Europe, Japan a...

Farewell to UK Libror, Roadmap being made of Indian Benchmark      These days the Reserve Bank of India has been vigorously preparing to launch a full indigenous basis of determining the foreign currency exchange rate and interest rate, that is, an independent benchmark (referral) in a few months. The Interdisciplinary Committee, constituted under the aegis of the Department of Economic Affairs, Ministry of Finance, has started the work of creating a Transition Roadmap at the behest of the Financial Stability and Development Council (FSDC) to easily place the Indian benchmark in the financial market in place of Libor.   Libor (London Inter Bank Offered Rate), which ruled the international financial market for almost five decades, will be permanently purchased by the end of 2021. There is an interesting story of personal interest behind losing faith in Libor and ending its dependence on it. Liber of the United Kingdom (UK) has been one such important benchmark. Which ...

Know, the rules of transactions will change from April 1      The Reserve Bank of India has made the international system 'Legal Entity Identifier' (LEI) code mandatory for customers sending and receiving funds of Rs 50 crore and above with effect from 1 April 2021 next month. The Reserve Bank has also issued instructions to keep a record of the transaction of the above amount from the Real Time Gross Settlement (RTGS) and National Electronic Fund Transfer (NEFT) platform.     The adoption of a twenty (20)-digit LEI code exposes the 'who, what, where' from the transaction, ie their whereabouts, identities. This transparency is becoming extremely important day by day for the overall financial market. After suffering the global side effects of the 'Lehman crisis' in the year 2007-08, the governments and regulators of the member countries of the 'G20' group united and brainstormed and felt the need to make the financial transaction process more transparent ...

 UP's jaggery will create a different identity in the world      Lucknow. The situation of sugarcane farmers was bad 4 years ago. There was no sugarcane payment for five, six, seven years. The Khandasari industry was completely shut down. Could not get license. The situation changed as soon as we came to power. Today, he also gets a license within a few hours of applying. License fee is waived. Online arrangements have been made. Any Khandasari industry can be set up within a radius of 7 kilometers instead of 15 kilometers. As a result of this, the sugarcane produced in the districts of Uttar Pradesh like Muzaffarnagar, Shamli Ho Ayodhya, Lakhimpur Kheri, Shahjahanpur are the main districts, the sugarcane produced by the farmers there is not only locally but also at the level of the country and the world. But also giving them a new identity and new beneficial value. Chief Minister Yogi Adityanath on Saturday inaugurated the two-day 'Rajya Gur Festival 2021' organized...