Page 29 - Ishita Ayan Dutt

After dry spell, rains may play spoiler for tea industry in Bengal, Assam

Scanty rain in the first fortnight of June has already caused a crop loss of 15-35% in the two states

LT Foods is eyeing Rs 11.5K-crore revenue in 5 years: CEO Ritesh Arora

Ritesh Arora, chief executive officer (CEO) - India and Far East Business of LT Foods, said that post-Covid consumers were more health and hygiene conscious

Eveready will focus on growth but in a profitable manner: Mohit Burman

In a Q&A, the non-executive director who spearheaded the firm's change of hands from the Khaitan family to the Burmans, says he plans to sustain the current level of growth, if not exceed it

ITC considers 'alternative' structure for its hospitality business

Under the REIT structure, ITC can move one or more of its hotel properties into a trust structure and list it separately

Talks fail, Jalan-owned Carbon Resources sells stake in McLeod Russel

Jalans' cost of acquiring 5.03 per cent was about Rs 15 crore and they realised about Rs 11 crore from the sale

Kesoram working on a two-pronged strategy to return to black in 18 months

In FY23, Kesoram posted a net loss of Rs 115.67 crore on a standalone basis

16 people injured after steam leak at Tata Steel's power plant in Odisha

One person critical; injury victims shifted to Cuttack city: company statement

Amid India's EV buzz, Kolkata's electric trams struggle to keep rolling

The tram service has shrunk due to work on the metro, reconstruction or maintenance of bridges, traffic, and state policies

Rupee-kyat trade arrangement negotiations may conclude by Jun-end: Myanmar

Early May, Adani Ports and Special Economic Zone (APSEZ) had said that it had concluded the Myanmar Port sale for a consideration $30 million

India's GDP growth for FY23 likely to be over 7.2%, says CEA Nageswaran

Private consumption as a share of GDP was at a 16-year high, the CEA added

Ashok Leyland seeks pre-pandemic sales volume in FY24 with new launches

Company expects 'highest peak' in sales as MHCV industry grows, says a senior executive

Reading the tea leaves: Low production stirs chai industry's teapot

TROUBLE IN THE BREW: Scanty rainfall, pest attacks, low prices, and muted demand from some export markets

Foods give ITC an appetite for diversification, recipe for margin expansion

The largest chunk of the tobacco major's non-cigarettes FMCG portfolio is growing rapidly on the back of hectic brand building, acquisitions, and new ventures

Real change in value only about 6%, it's par for the course: Meesho CFO

Bansal also said the company was aiming to be profitable within the current fiscal year (FY24) on net profit basis

Himadri invests AUD 10.32 mn for stake in Australia battery tech firm

Indian speciality chemicals firm says deal will help it in technologies for battery material

TWE Group GmbH, Obeetee Textiles set up strategic JV for nonwovens

Partnership will aim to substitute imports in important sector for India, say companies

ICD provisioning drags McLeod Russel to loss of Rs 1,078.27 crore

Revenue from operations in Q4FY23stood at Rs 226.04 crore as against Rs 254.24 crore a year back

JSW Steel eyes coking coal assets to beef up raw material security

Target is to have 25% linkages in the next few yrs: Acharya

Domestic steel demand to grow 7.5% in FY24: Indian Steel Association

The ISA said that with strong momentum in infra spending and sustained growth in urban consumption, steel demand in India would expand by 8-9 mt every year in the next two financial years

Emami Q4 net profit falls 59.42% to Rs 144.43 crore, revenue up 8.8%

Revenues from operations at Rs 835.95 crore in Q4FY23 was higher by 8.8 per cent from the year-ago period