Page 21 - Ishita Ayan Dutt

QSR chain Wow! Momo Foods aims to double revenues in the next 30 months

The round will provide partial exits to initial investors Indian Angel Network and Lighthouse Funds. Daryani also mentioned that about Rs 180-190 crore was for the primary funding of the business

Jai Balaji to invest Rs 1,000 crore to boost Durgapur plant capacity

The company, which was once financially stressed, is looking to fund the expansion through internal accruals

McLeod-Carbon pact period ends as debt restructuring talk with banks linger

In August 2023, McLeod reached an understanding with Carbon Resources for the sale of tea estates. The size of the deal pegged at Rs 700 crore was to enable a one-time settlement

Pricing to quality: West Bengal GoM to look into tea industry woes

The GoM would also be interacting with stakeholders of the industry to deliberate on the issues facing the industry and where the West Bengal government can help

Steel industry hopes Budget will focus on infra, fair trade measures

Companies want support for capacity addition and anti-dumping measures against substandard imports

Steel industry hopes Budget will focus on infra, fair trade measures

Companies want support for capacity addition and anti-dumping measures against substandard imports

Testing of imported teas to intensify for compliance of FSSAI norms

Union Commerce Minister Piyush Goya directed the FSSAI to step up testing

Brewing trouble: Darjeeling tea hits 8-year low in auctions, shows data

A major producer pointed out that auction prices were impacting private sale prices

West Bengal government plans dedicated tea park on Kolkata port land

The land requirement for the project is about 10-12 acres. The SMPK would hand over the lease and the infrastructure would be developed by the state government

In non-cigarettes push, how ITC built more than 25 FMCG mother brands

As we prepare to welcome 2024, ITC has metamorphosed from a tobacco giant into a conglomerate straddling multiple large-sized businesses

Jai Balaji raises Rs 559 cr from Tata Capital FinServ to refinance debt

Jai Balaji was on the RBI's second list of non-performing assets (NPAs) in 2017-18 mandated for resolution under the Insolvency and Bankruptcy Code

Calcutta High Court modifies the extent of Priyamvada Birla estate

The Harsh Lodha side claimed that the ruling was 'firmly' in its favour

Half a century on, Emami group to identify new sectors for growth

In the last 50 years, it has traversed the journey from a start-up cosmetics company with four products to more than 500 across a Rs 30,000 crore group with diverse business interests

Himadri in five years will be a totally different company: CEO Choudhary

"The existing business is growing, positioning Himadri among the top three players in specialty carbon black," he says

ITC to ramp up hotel room inventory by 50% in the next five years

The company, at its institutional investors and financial analysts day on Tuesday, said that it was targeting to reach 200 hotels

Import influx, post-festival slack in demand prompt steel price correction

According to market sources, steel companies have corrected the list price by 2-3 per cent for December to align with the levels at which the market was operating

Himadri Chemical to invest Rs 4,800 cr in Li-ion battery component facility

The company aims to produce 200,000 tonnes of lithium iron phosphate (LFP) cathode active material, catering to 100 GWh (gigawatt hour) of lithium-ion (Li-ion) battery

Steel firms to hike qtrly contract prices after downward revision earlier

Tata Steel, JSW Steel, ArcelorMittal Nippon Steel India and other producers settling contracts

UltraTech to buy Kesoram Industries' cement business in all-stock deal

UltraTech said Kesoram had decided to demerge its cement business and approached UltraTech Cement in relation to it

Hospitality company Peerless Hotels eyes doubling of rooms over five years

Peerless would also look for partners so that the properties can be reached to different feeder markets