56m ago
Maharashtra to start sugarcane crushing on Oct. 15 as cane supply seen falling to 99 million tons
Maharashtra, India’s largest sugar-producing state, said it will begin sugarcane crushing on Oct. 15, about two weeks earlier than last year. Cane supply for the new season is expected to fall to around 99 million metric tons from 104.5 million tons in the previous season. India last month approved duty-free imports of 1 million metric tons of raw sugar to ease pressure from elevated domestic prices.
56m ago
2h ago
Samsung Electronics chair Lee Jaeyong to buy $1.4bn stake from his mother on Oct. 12
Samsung Electronics chairman Lee Jaeyong is set to buy more than 7.1 million common shares from his mother, Hong Rahee, in an off-market deal worth 1.94 trillion won (about $1.4 billion) on Oct. 12. After the transaction, Lee’s stake will rise from 1.47% to 1.58%, while Hong’s holding will fall from about 1.25% to 1.13%. The sale is intended to help Hong repay part of the tax bill linked to the inheritance of the late chairman Lee Kunhee’s estate.
2h ago