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The Finance Ministry has extended by one year the validity of existing anti-dumping duty on partially oriented yarn (POY) imports from China. The anti-dumping duty of $542.22 per tonne —imposed on May 2, 2012 — was valid till May 2 this year and now would be applicable till May 1 next year. The latest Revenue Department move follows the designated authority in the Commerce Ministry initiating a sunset review investigation of anti-dumping duty on POY imports from China.
The Finance Ministry has extended by one year the validity of existing anti-dumping duty on Partially Oriented Yarn (POY) imports from China.
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Key benchmark indices hit fresh intraday low in afternoon trade, tracking a negative opening in European market. At 13:18 IST, the barometer index, the S&P BSE Sensex was down 106.19 points or 0.38% at 27,944.69. The Nifty 50 index was currently down 35.10 points or 0.40% at 8,642.80. The Sensex was currently trading below the psychologically important 28,000 level after alternately swinging above and below that level in intraday trade.
Garden Silk Mills was locked at 20% upper circuit at Rs 38.55 at 12:30 IST on BSE after the company announced that a meeting of board of directors will be held on 25 October 2016, to consider the proposal for raising of funds.
The company's board meeting will be held on October 25, to consider the proposal for raising of funds aggregating to Rs 30 crore by issue of convertible share warrants / convertible securities in favour of promoter / promoter group of the company.
M&M | Havells | IDBI Bank | DLF | Endurance Technologies | RBL Bank | Quess Corp | Marathon Nextgen Realty | Sterling Tools | Sintex | JSW Steel | GMR Infrastructure | SAIL | Apollo Hospital and Piramal Enterprises are stocks, which are in the news today.