Beware the quantum computers
Today’s encryption technology will be putty in the hands of those running the post-quantum world. How equipped ...
IFB Agro Industries, one of the major India-made foreign liquor and country sprit-maker, has sought intervention of Chief Minister Mamata Banerjee, after armed goons “attacked” one of its distilleries in the South 24 Parganas districts of West Bengal, a few kilometers off the city.
The attack on the morning of June 25 forced IFB Agro to shut the facility since then, it said in a stock market filing. The company stock which touched lower circuit on Monday morning trade at ₹304.70, closed at ₹316.40, at end of day on the BSE.
Apart from spirits, IFB Agro Industries deals in marine products. The company had reported revenues of ₹1,732 crore and a net profit of ₹33.21 crore for FY19.
According to its stock market notification, the company alleged that unidentified armed hooligans entered its Noorpur facility in the South 24 Parganas district on June 25, at around 7.40 a.m. They attacked the security guard and held the employees on duty there as hostages. They damaged various facilities including the CCTVs. The distillery was shut down and the goons forced the employees to leave the premises, at gunpoint, by noon. Police complaint has been filed, it further added.
“We are awaiting for better environment for the plant to be re-opened,” it added.
IFB Agro has maintained that the company’s Dankuni unit (in Hooghly) was re-opened on June 25 following orders by the excise commissioner.
While the West Bengal government is yet to make an official statement on the incident Governor Jagdeep Dhankhar has called for a probe into the matter.
A press release issued by the Raj Bhavan on Monday evening maintained that the Governor has sought a report from the Additional Chief Secretary (Home Department) and the Additional Chief Secretary (Finance). “Both ACS Finance and ACS Home have been called upon to send an exhaustive updated Report at the earliest, but not later than a week,” it said.
The press release stated, “Such kind of actions do not promote conducive investment climate in the State.”
It added that such incidents “Send wrong signals to existing industrial units and discourage industrial investment in the State”. These adversely reflect on quality of governance.
The release from Raj Bhavan has also mentioned that reports have been sought “as to under what circumstances and legal authority, the Additional District Magistrate and Collector Excise suspended licence of IFB Agro Industries Ltd Unit at Dankuni on June 15, 2020 and under what circumstances the Excise Commissioner suspended the Order imparted by the ADM on June 25, 2020 while the proceedings were also under challenge before the High Court.”
Today’s encryption technology will be putty in the hands of those running the post-quantum world. How equipped ...
Rocketship’s Anand Rajaraman on getting pitches from places like Rameswaram and Patna
Bengaluru-based Archeron group plans to open five banks that are run entirely by AI and quantum technologies
Ably skippered by N Srinivasan, India Cements is upping its post-Covid-19 game by expanding capacity
Three-in-one: Passive debt funds come at a low cost and have high-quality portfolios. Some offer return ...
Trend in the rupee movement and Q4 earnings can give direction to the market
There is room for improvement in fund transfer options
Silver looks positive but lacks the higher volumes required to substantiate bullishness
Murder is a theme that is unlikely to darken and yellow with time, the writer Truman Capote had once said.
Expect the unexpected when musicians of different traditions come together for a duet
On Ugadi, the Telugu New Year Day, a chronicler recalls slices of an isolated year gone by and realises that ...
In her novel based on the life of Rani Jindan Kaur, author Chitra Banerjee Divakaruni crafts a hero for the ...
Marketers are padded up, sponsorship deals have been struck, and campaigns are rolling out. Now let the games ...
And what marketers can possibly do to bring it back in our lives
The agency has changed form over the years but its lustre has not dimmed
Media Factory has purchased the majority stake held by Sam and Lara Balsara of Madison World in Madison Media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor