Setback for China! Government slaps duty on Nylon Tyre cord; Anil Singhvi reveals it is good news for SRF, Century Enka!
Zee Business had previously done an exclusive story about extension of anti-dumping duty on Nylon Tyre from China for our viewers a while ago.
Zee Business Managing Editor Anil Singhvi revealed very big news for SRF and Century Enka today! Central government has extended anti-dumping duty on Nylon Tyre cord from China for a period five years. Zee Business had previously done an exclusive story about extension of anti-dumping duty on Nylon Tyre from China for our viewers a while ago, which has now been confirmed by the Government, informs Reporter Chetan Bhutani. Once again, your favorite channel was first to get news from sources and inform you about the same.
See Zee Business Live TV Streaming Below:
Nylon Tyre cord is an important chemical used in many industries. Formal notification from the Government is indeed good for Domestic companies as they have demanded about the same from Government previously. In case if the Government would not have given extension, then it would have had a negative impact on Domestic companies. Government has once again shown interest to protecting Domestic companies over Chinese companies, which clearly shows government intention to protect domestic companies. So, Domestic Companies like SRF and Century Enka would certainly welcome the Government move and so will their shareholders.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
Top 7 Large and Mid Cap Mutual Funds with Best SIP Returns in 5 Years: No. 1 fund has turned Rs 15,000 monthly SIP investment into Rs 20,54,384; know about others
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
12:41 PM IST