Sugar prices ease as mill gate rates fall after record highs
Mill gate and wholesale sugar prices have begun easing after touching record highs last week. Industry sources say mill gate prices have fallen by around ₹1,500 a quintal, while wholesale rates have softened across major cities. However, retail sugar prices continue to remain above ₹60 a kilogram.
NCLT clears Subhash Chandra’s ₹6.5 crore repayment plan against ₹22,006 crore claims
The National Company Law Tribunal has approved Zee Group founder Subhash Chandra’s revised repayment plan in a personal insolvency case. The plan allows repayment of ₹6.5 crore against admitted claims of more than ₹22,000 crore, translating to a recovery of about 0.03 per cent for creditors.
Chennai Airport’s proposed Terminal 5 may be built between two runways
Chennai Airport is exploring plans for a new Terminal 5 on an under-utilised parcel between its two runways. Officials say the proposed terminal could increase annual passenger handling capacity to around 55 million while requiring minimal land acquisition. Detailed studies and approvals are still pending.
Promoters cash in on rally with ₹13,000 crore worth of August block deals
Promoters and investors are using the recent market rally to monetise holdings through bulk and block deals. August has seen transactions worth around ₹13,000 crore, with major deals involving Groww parent Billionbrains Garage Ventures and Welspun Corp. Analysts say strong valuations are encouraging stake sales despite subdued movement in the broader market.
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