During the third quarter of FY 2012-2013 – Ruchi Soya records 105% jump in Profit

Ruchi Soya Industries Limited (Ruchi Soya) has announced its un-audited financial results for the quarter ended December 31, 2012 (Q3). As compared to the corresponding period of the previous year, net profit for the quarter rose by 105.45% from Rs. 24.05 crore to Rs. 49.41 crore whereas net sales rose by 17.56% from Rs. 6,954.29 crore to  Rs. 8,175.16 crore.

During the quarter, branded sales registered a healthy 22.95% growth from Rs. 1,374.23 crore to  Rs. 1,689.59 crore. Refining capacity utilization improved by 8.85% from 4,78,589 MT to 5,20,960 MT. Export of Soya Meal in value improved by 47.29% from Rs. 883.16 crore to Rs. 1,300.83 crore. Sale of Textured soya protein (TSP) stood at Rs. 28.16 crore registering an impressive rise of 43.53% from Rs. 19.62 crore during Q3 in the last fiscal.

Commenting on the performance, Managing Director, Mr. Dinesh Shahra said, “I am happy to  share the healthy growth recorded by the Company during the third quarter ended December 31, 2012. Improved branded sales, better sales realization of oilseed extraction, effective control on the costs and favourable business sentiments helped us to get profit on the track. We are making our efforts to have good performance on a sustained basis in the times to come.”

Ruchi Soya Industries Limited

Featuring among the top five FMCG players in India, Ruchi Soya is India’s number one cooking oil maker and marketer. An Integrated player from farm to fork, Ruchi Soya has secured access to oil palm plantations in India and other important parts of the world. Besides being a leading manufacturer of high quality edible oils, soya foods, vanaspati, and bakery fats, Ruchi Soya is also the highest exporter of soya meal, lecithin and other food ingredients from India. Ruchi Soya features amongst top three players based on market share in the overall Refined Oil in Consumer Packs (ROCP) in India with leadership position in important segments like palm oil. Ruchi Soya is committed to renewable energy and exploring suitable opportunities in the sector.

Source: http://planetcorporatenews.wordpress.com/

Delhi bags 27% more this Budget, infrastructure gets biggest share

Infrastructure and development in Delhi got a boost on Thursday with the Union Budget including a Rs 200 crore increase in funds from last year’s Budget for Jawaharlal Nehru National Urban Renewal Mission (JnNURM). In all, the Delhi government received a 27 per cent increase from the previous year — Rs 1,143 crore for the 2013-2014 compared to Rs 900.

“The increase in JnNURM funds from Rs 500 crore to Rs 700 crore will let us implement more infrastructure projects in the city,” Chief Minister Sheila Dikshit said.She said of the Rs 243 crore increase in allocation, Rs 200 crore was for JnNURM.

“Taxes on big companies and very wealthy people and no pressure on the common man is an excellent step. This is a women-oriented budget with the FM announcing a Nirbhaya fund and a bank exclusively for women,” she said.

Under JnNURM head, allocation for Rajiv Awas Yojana increased to Rs 80 crore this year, compared to the Rs 5 crore in the revised 2012-2013 budget. “The submission on Urban Infrastructure Governance has been increased from Rs 350 crore to Rs 470 crore. Rs 5 crore has been increased under Housing for Urban Poor,” she said.

In recent times, Dikshit has repeatedly requested an increase in the share of Central taxes, which since 2001 has remained stagnant at Rs 325 crore in the form of a grant from the Finance Ministry. “I believe our demand has now been sent to the Finance Commission for recommendations,” she said.

The allocation under normal central assistance has also increased from Rs 281.75 crore to Rs 309.92 crore. The Union Budget also included Rs 10 crore, for the first time, under the Rashtriya Krishi Vikas Yojana. Also, assistance under National Social Assistance Program was increased from Rs 48.60 crore to Rs 54.60 crore.

Delhi received an allocation of Rs 68.39 crore from Ministry of Road Transport and Highways. Urban Development Ministry announced Rs 1 crore for equity towards National Capital Region Transport Corporation and Rs 1 lakh as aid towards the corporation.

Source: http://www.indianexpress.com/news/delhi-bags-27–more-this-budget-infrastructure-gets-biggest-share/1081441/0

Juvenile to be charged with rape, murder

Gangrape Juvenile Justice Board to begin witness examination next week.The Juvenile Justice Board on Thursday ordered framing of charges against a 17-year-old boy, one of the six accused in the December 16 gangrape of a 23-year-old woman who later died in a Singapore hospital.

He will be tried for the offences of gangrape, murder, kidnapping, unnatural offences, attempt to murder, dacoity, destruction of evidence and conspiracy. Since he is a juvenile, separate proceedings are being carried out before the board. But he faces the same charges as the other adult accused in the case.

The board, presided by Principal Magistrate Geetanjali Goel, ordered ‘framing of notice’ — the form in which charges are framed against a juvenile in conflict with law. Examination of witnesses in the case will begin on March 6.

The male friend of the gangrape victim and all witnesses who have been named in the chargesheet will be examined by the board. The trial of the adult accused is currently underway in a Saket fast-track court but the media has been restrained from reporting the proceedings.

Framing of notice has also been ordered in a case of robbery against the juvenile. According to police, the six gangrape accused had robbed a carpenter before assaulting the woman on a moving bus. She died thirteen days after the assault.

Last month, the board accepted the plea of the accused that he was a minor. Citing the date of birth as mentioned in his school records, the board ruled that he was 17 years, six months and 11 days old at the time of the offence.

The records taken from his school in an Uttar Pradesh village mentioned his date of birth as June 4, 1995. Police had earlier pressed for an ossification test to establish his age. But age documents submitted by school officials were accepted by the board, thereby ruling out any age-determination test.The angry family of the victim said if the police didn’t appeal against the ruling, they would approach a lawyer.

Source: http://www.indianexpress.com/news/juvenile-to-be-charged-with-rape-murder/1081435/0

List of case-based operating procedures in all PCR vans

Every PCR van will now have a set standard operating procedure (SOP) to attend to calls related to women in distress. The decision will help reduce room for error and PCR reaction time, police said.

The new system will ensure that each PCR van has notices that explain, in bullet points, the operating procedure to attend to a distress call. There is a separate SOP for every distress call, particularly those of molestation, rape, domestic violence and threat calls.

“For instance, if the call is about a rape incident, then the operator need not waste time (waiting) for a briefing from his supervisor to react. The SOP would guide the operator as to what he should do,” T N Mohan, Special Commissioner of Police (Operations) told Newsline.

Meanwhile, Delhi High Court on Thursday asked government and police to ensure that there is proper publicity to its orders that all hospitals, including private ones, cannot deny treatment to victims of criminal offences.

Source: http://www.indianexpress.com/news/list-of-casebased-operating-procedures-in-all-pcr-vans/1081445/