Page 34 - Ishita Ayan Dutt

Why a non-tea player like Carbon Resources is eyeing McLeod Russel

With a crop of 44 mkg across 31 estates in Assam and two in Dooars, McLeod is a Goliath in the world of tea. It has estates in Africa and Vietnam and its total output worldwide is 73 mkg

McLeod Russel India lenders likely to discuss Carbon Resources proposal

The contours of the proposal are like this: of an outstanding bank debt of Rs 1,650 crore, the upfront payment being offered is Rs 1,245 crore

Takeover scare for McLeod Russel as Carbon Resources picks up over 5% stake

The would-be acquirer makes non-binding offer to banks to settle the bulk tea producer's dues

Peerless group poised for growth, targets Rs 1,000 crore turnover

PGFI's revenues for the year ended March 31, 2022, had stood at around Rs 498 crore while profit for the year was at 102.76 crore. But pre-Covid, turnover was in the region of Rs 535 crore

A shimmer of hope for the golden fibre as demand for shopping bags rises

A robust export market for shopping bags has emerged, but whether it can help the ailing industry reduce its dependence on heavily regulated government purchases is an open question

Speciality Restaurants to expand; plans 20-30 cloud kitchens, 6 restaurants

At present, there are about 13 independent cloud kitchens, but the numbers are set to increase

Fully committed to investing in Maharashtra: Vedanta Chairman Anil Agarwal

Agarwal said that Gujarat met expectations and the decision was made a few months ago

Srei lenders want more upfront cash from bidders; decision likely on Sep 17

Negotiations underway on increasing bid amount, shorter payment schedule

WFH to hybrid model: Women workforce gets an inclusive push from India Inc

Recently, Prime Minister Narendra Modi also said that a flexible workplace can be utilised to increase women's labour force participation

Sri Lanka's economic crisis powers 22% spike in Indian orthodox tea exports

Sri Lanka accounts for half the global trade in orthodox teas. Sources say exports from India could pick up further in second and third quarters, will help meet target of 240 mkg by year-end

JSW sets ambitious goals for e-commerce business, eyes $20-bn GMV by FY32

Of the targeted $20 billion GMV by FY32, JSW products is expected to account for 65 per cent, the balance would be non-JSW

What the UNESCO heritage tag could mean for the Durga Puja ecosystem

The crafts around the festival - from the idol-making at Kumartuli to the handicrafts that revolve around it - will get a huge boost, says the art historian

Coking coal price rise likely to delay margin recovery of steelmakers

The domestic market has also seen a sharp correction in steel prices from peak levels

Ahead of festive season, Amazon, Flipkart scale-up facilities across India

E-commerce firms such as Amazon, Flipkart, and others witnessed blockbuster festive season sales of about $9.2 billion last year

Flipkart prepares for its biggest ever BBD, ramps up infra, hiring

May get 40-50 mn new users mostly from tier-3 and 4 towns; Flipkart also has operating warehousing space of 21 mn sq ft to enable faster deliveries

AM/NS India to acquire infra assets from Essar Group for $2.4 billion

The ownership of port assets had been in courts since 2020 after AM/NS India moved the Gujarat High Court

Re-examine financial sector architecture to build MSMEs better: Pronab Sen

According to Sen, the relationship between a bank and NBFC needs to be not of a borrower and a lender as it is today, but that of a partner

E-commerce firm Meesho eyes to become profitable in 1-2 years: Exec

The target comes at a time when funding for start-ups is in the slow lane

Naveen Jindal group weighs aluminium foray, plans depend on mine

Company sees consumption rising as electric vehicles increase and light metals become more important

Nepal brews a fresh crisis for Darjeeling tea with cheaper leaves

A notification banning blends of imported tea in GI-tagged teas has almost pushed Tata Consumer Products, the biggest buyer, out of the market