Prime Minister Narendra Modi was seen off at the Malaysian airport by former PM Anwar Ibrahim and his wife Wan Azizah, who is the current Deputy PM, before departing to Singapore,
Modi is the first foreign leader Anwar has met after being released from prison. He was jailed for sodomy three years ago.
Anwars release was the first big success of the newly elected governing coalition, Pakatan Harapan, led by 92-year-old Mahathir Mohamad, which was swept into power after a shock election victory.
Few in Malaysia have been persecuted for their political views and popularity like Anwar, a man with three prison sentences and 11 years in jail to his name. The pardon was filed on the basis of a miscarriage of justice, thus clearing his name entirely.
It was his first taste of freedom since 2015, following a prison sentence widely perceived as politically motivated; a manoeuvre by former prime minister Najib Razak to get rid of a feared political rival who had run against him and won the popular vote in the 2013 general election.
Janata Dal-Secular-Congress coalition in Karnataka has solved the cabinet tussle.
The JD-S will get the finance ministry, while the Congress will get to keep the home ministry.
Apart from the home ministry, the Congress would get heavy industries, energy, IT/BT, travel and education portfolios. While JD-S will hold revenue and co-operative affairs ministries.
The Congress and JD-S formed a post-poll alliance on May 15 after the BJP had staked claim of forming the government. But the move turned out to be a major embarrassment for BS Yeddyurappa, who had to quit as chief minister within days of staking claim.
HD Kumaraswamy was then sworn in as the Karnataka chief minister and G Paramewshara took over as his deputy.
SAIL declares Rs. 816 Crore Net Profit for Q4 FY18
Posted On: 31 MAY 2018 10:33AM by PIB Delhi
Steel Authority of India Ltd. (SAIL) announced its financial results for the fourth quarter of the Financial Year 2017-18 (Q4 FY18) and for FY18. After returning to profits in Q3 FY18, the Company in Q4 FY18 recorded a Net Profit of Rs.816 Crore reaffirming SAIL’s positive performance. This comes after making a provision of Rs.582 Crore towards enhanced gratuity recently approved by Government of India.
All the five integrated steel plants of the Company have also recorded individual profits in Q4 FY18. SAIL management’s sustained efforts for process integration starting from production till reaching the customers, the intensive marketing efforts along with ramping up of production and stabilization of new mills are all yielding results and a novel end-to-end approach with its new product offerings is helping the Company achieve a stronger position.
Company’s Net Turnover in Q4 FY18 of Rs. 16,811 Crore saw an increase of 34% over CPLY. The Q4 FY18 EBITDA at Rs. 2,624 Crore, a humongous growth over Q4 FY17, is highest in the last twenty-seven quarters. The EBITDA per tonne of sales for Q4 FY 18 is Rs.7020. The total sales volume in Q4 FY18 was 3.738 Million Tonnes (MT) which increased by 8.4% over CPLY.
Slimming the losses by around 83% in FY18, the Profit After Tax on standalone basis improved to Rs. (-) 482 Crore from Rs. (-) 2,833 Crore in FY17. The consolidated profit after tax of the Company stood at Rs. (-) 281 Crore for FY18 as against Rs. (-) 2,756 in CPLY. The strategic and persistent approach to improve operational profitability assisted SAIL to stay EBIDTA positive in FY 18; recorded at Rs.5,184 Crore. The Company registered highest sales volume for the year in FY18 at 14.08 MT which is higher by 7.4% over CPLY.
SAIL’s performance on the production front recorded highest ever quarterly crude steel production of around 4.0 MT in Q4 FY18 with a growth of 6% over CPLY. In Q4 FY18, highest quarterly Concast production of 3.406 MT with growth of 8% over CPLY was also recorded. In the same quarter, the best ever quarterly Coke Rate recorded a reduction of 3% over CPLY, BF productivity was higher by 4% over CPLY and Specific Energy Consumption improved to 6.38 Gcal/tcs, lower by 2% as compared to CPLY.
On this occasion, Chairman, SAIL, P.K. Singh said that, the effect of synergised team work across SAIL, integration of every process and continual focus to service the customers with world class products is finally beginning to show. The Chairman further said that SAIL, is ready with an array of value added products which are tailored for today’s requirements. The domestic market is showing very good growth signs, which is backed up strongly by the Government’s initiative to enhance domestic steel consumption.
Mr Singh also stated that, new mills in SAIL are offering products for every segment and the new marketing initiatives of the Company are not only exploring new markets but also reaching out to people in far flung areas of the Country to raise awareness about steel usage. This will also help SAIL to actively contribute towards the targets envisaged in National Steel Policy. He further said that SAIL’s new products will meet the demands of retail, rural as well as large projects.
INVITATION FOR WORLD ENVIRONMENT DAY 2018
INDIA : THE GLOBAL HOST
JUNE 01 – 05, 2018, VIGYAN BHAWAN, NEW DELHI, INDIA
Greetings from FICCI (Federation of Indian Chamber of Commerce & Industries)..!
We are pleased to inform you that �World Environment Day� is celebrated on June 05 and this year India has been declared as the host country for celebration of the mega event �The World Environment Day 2018 (WED – 2018)�. The Ministry of Environment, Forest & Climate Change, (MoEF&CC), Government of India jointly with Federation of Indian Chambers of Commerce and Industry (FICCI) is organising the �World Environment Day, 2018�. The major components of the celebration are the Exhibition, the Conferences and theCultural Evening. The conference will take place in Vigyan Bhavan from June 01 st – 05 th , 2018 . The exhibition will take place in the back lawns of Vigyan Bhavan from June 03 rd � 05 th , 2018.
World Environment Day (WED) is a UN Environment-led global event, which is the single largest celebration of our environment each year and is celebrated by thousands of communities worldwide. Since it began in 1972, it has grown to become a global platform for public outreach that is widely celebrated across the globe. WED is celebrated around the world to take ownership of their environment, and to actively engage in the protection of our earth.
The main aim of the event is to raise awareness for the environment, efficient and effective use of technologies for environmental protection and scope for research & development for new environmental protection technologies.
The exhibitions held will provide a platform for the National and International level technology and equipment manufacturers to explore new business opportunities worldwide. It will also provide a great opportunity to network building within the Industry.
In addition to the same, a series of cultural events along with 360 degree Panoramic Projection Screen showcasing short movies on Environment (Dome structure) will also be the part of the event. we look for your participation in a big way in this prestigious event.
Major Highlights of the World Environment Day 2018:
� Over 10000 sq. meters of space for exhibition
� Conference on Various themes related to Environment from 1 st � 4 th June
� State Participation to showcase the opportunity in the sector from 2 nd � 5 th June
� Theme Pavilions
� Cultural Programs from 3 rd � 5 th June, evening 7 pm to 9 pm
� Networking with industries
� Green Umbrella for Students (for first 400 boys and 400 girls registration)
� ENVITHON (The Green Run) on 3 rd June
For details and Free Registration please visit the website : http://www.wedindia2018.in
Also Connect us at :
Twitter : https://twitter.com/WED2018India
Snapchat : https://www.snapchat.com/add/wed2018india
Please feel free to contact us for further information and getting registered for the event.
Looking forward for your kind confirmation and a successful participation at World Environment Day 2018 (WED – 2018).
Thanks & Regards,
The Growth Net Summit 2018
A new global outlook: Broadening business prospects
18 – 19 June 2018, New Delhi
A new global outlook: Broadening business prospects
18 – 19 June 2018, New Delhi
The Growth Net Summit, the International forum for brainstorming on the challenges and opportunities of emerging world markets has grown since 2013 to be a strong global networking platform.
The 6th edition of the Growth Net Summit – convened by Ananta Centre, Confederation of Indian Industry (CII) and Smadja & Smadja is scheduled for18th – 19th June 2018 at Taj Diplomatic Enclave, New Delhi.
Supported by the Ministry of External Affairs and the Ministry of Finance, the Growth Net Summit in 2017 brought together more than 75 speakers and 200 delegates from 20 countries, including business and political leaders, economists, senior officials, media persons and thought-leaders who shared insights and brainstormed on issues critical for generating and sustaining economic momentum in most emerging economies. We were honoured to have Mr Nitin Gadkari, Minister of Road Transport & Highways and Shipping;Mr Suresh Prabhu, then Minister of Railways, India; Mr Prakash Javadekar, Minister of Human Resource Development address at the Summit. The international speakers included Mr. S Iswaran, Minister for Trade and Industry, Singapore; Lord Nicholas Stern, IG Patel Professor of Economics and Government, London School Economics and Political Science; the UK; Mr Manuel Cavazos Lerma, Senator, Chamber of Senators of Mexico; Mr Gita Wirjawan, Founder/Chairman, Ancora Group and former Minister of Trade, Indonesia etc.
Please click here to see the report of the last Summit held in 2017 with the key highlights and recommendations that emerged from the discussions.
The Growth Net Summit 2018, will bring together key stakeholders to discuss topics of mutual interest like trade and investments, growth strategies, sustainable energy, fintech, skills and job creation, infrastructure development, innovation, entrepreneurship and Start Up revolution, manufacturing and also the technologies that will define the future like automation, advanced robotics, block chain and Artificial Intelligence.
The Growth Net Summit is a unique meeting for participants from the emerging market countries to jointly shape their future and advance common objectives. We also have participation from the developed economies – USA, Japan, South Korea and EU – considering their impact and role in the global economy.
Members and representatives of Industry are invited to actively participate in Growth Net Summit 2018. For registration fees, online registration and other details, please visit http://www.thegrowthnet.com/.
For more details, please contact:
Email id: email@example.com
Phone number: +91 11 4327 9010
Email id: firstname.lastname@example.org
Phone number: +91 11 4327 9009
Please note that only registrations that have been approved by the organisers will be allowed to attend the Summit.
Dr Saugat Mukherjee
Confederation of Indian Industry
The Mantosh Sondhi Centre
23, Institutional Area, Lodi Road
Fax: +91-11- 2460 1298
Mobile No. 9748098462