DSIJ Mindshare

Government increased the price of ethanol by 25 per cent in order to incentivise sugar mills to utilise sugar cane juice for the production of ethanol. This will help reduce the formation of an expected sugar surplus this year.

The stocks most likely to experience significant movement on the bourses on September 14, 2018, are A2Z Infra Engineering, ITC and Godrej Consumer Products. The market will remain closed on September 13, 2018 on the occasion of Ganesh Chaturthi. 

Share price of KIOCL marked an 11 per cent intraday gain on Wednesday in anticipation of a potential buyback of shares on September 18, 2018. The decision will be taken on the same day after a meeting of the Board of Directors.

GIC Re has emerged as the 10th largest amongst the top 40 Global Reinsurers, as reported by Standard and Poor’s. The ranking is based on the net premium booked by the reinsurer in 2018. GIC Re demonstrated 24.5 per cent growth in its top line during FY 2018, while amassing a staggering premium of Rs. 41,799 crore.

The state-owned company's Initial Public Offering (IPO) of approx Rs. 1,350 crore will be issued at a price band of Rs. 115.00-118.00 per share.