Showing of 1-25 result
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29-Jun-2020 | Avishek Rakshit
Coal India ups investment to Rs 15,700 cr to boost mechanised transport
Plan encompasses 14 additional projects from its earlier count of 35
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29-Jun-2020 | Avishek Rakshit
Governor Dhankhar steps in, seeks probe into IFB Agro standoff in W Bengal
Says blatant misuse of power sends wrong signal to existing industrial units and discourages investment, leading to loss of opportunities for state's youth
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27-Jun-2020 | Avishek Rakshit
Swiggy, Bigbasket plan to expand liquor delivery footprint across states
Cities like Delhi NCR and Mumbai, have introduced online tokens where the consumer needs to sign up on the online portal of the states' 'respective liquor distribution agency and place an order
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26-Jun-2020 | Avishek Rakshit
Hit by Covid-19 and lockdown, ITC Q4 pre-tax profit declines by 7.75%
Rural markets, which account for around one-third of the industry and have been the key driver of growth in recent years, witnessed a steep fall in growth rates
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26-Jun-2020 | Avishek Rakshit
Mamata opposes 100% FDI in coal sector, asks PM to reconsider decision
Coal India is of the view that as foreign companies enter India and start domestic production, it will help in reducing imports.
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26-Jun-2020 | Avishek Rakshit
Hit by Covid-19 pandemic, Emami Q4 pre-tax profit dips 81.7% to Rs 15.38 cr
This is one of the steepest declines in the firm's near-50-year history; Revenue down 16.81% to Rs 532.68 cr
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26-Jun-2020 | T E Narasimhan & Avishek Rakshit
Chinese import containers have started moving from June 23: Chennai port
According to industry estimates, more than 200 containers were held back for a day
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22-Jun-2020 | Avishek Rakshit
Eveready betting on anti-China wave to boost flashlights business
A recent survey conducted by LocalCircles showed that 58% of respondents are willing to boycott Chinese firms while 42% want heavy import duties on Chinese goods to discourage their influx
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21-Jun-2020 | Avishek Rakshit
Shortage of stock prompts HUL, Tata Consumer to boost tea procurement
A TCPL spokesperson said that the lockdown had impacted the supply of tea to some extent and it was buying from multiple channels, including directly from plantation companies
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19-Jun-2020 | Avishek Rakshit
Krishnamurthy Subramanian asks private firms to stop asking govt for aid
Subramanian said that since India had a public distribution system of food grains, the country didn't need to directly transfer cash to the people to support them in times of the pandemic
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17-Jun-2020 | Avishek Rakshit
Emami takes hit in key portfolio, to focus on health, hygiene and wellness
Despite a good summer, which ideally would have boosted the company's revenues in the summer portfolio, Emami saw a decline in demand with the consumer preferring to spend on essentials instead
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17-Jun-2020 | Avishek Rakshit
For the first time ever, tea prices surge by 40-60% due to severe scarcity
Strong demand from buyers especially for quality teas supports uptick
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16-Jun-2020 | Avishek Rakshit & Ishita Ayan Dutt
A slew of health and wellness products to be rolled out soon: ITC's Sumant
B Sumant, executive director, ITC, tells that the company has always been 'vocal for local'
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14-Jun-2020 | Avishek Rakshit
JSW Cement defers listing, expansion plans further amid Covid-19 crisis
The original plan was to evolve into a 20 mtpa company by 2020
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12-Jun-2020 | Namrata Acharya, Avishek Rakshit & Ishita Ayan Dutt
Bharat to India Inc's rescue: Green shoots in villages lead demand recharge
A major indicator of farm mood is manifest in tractor sales for the month of May
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11-Jun-2020 | Avishek Rakshit
PM Modi urges India Inc to shed conservative approach, take bold decisions
Speaking at the 95th Plenary session of Indian Chamber of Commerce, Modi stressed that the Covid-19 situation needs to be turned into an opportunity and the country needs to become self-reliant
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10-Jun-2020 | Avishek Rakshit
Priyamvada Devi Birla will case: HC notice to 3 firms of MP Birla Group
While Birlas say firms are part of dispute and will fall under orders and decisions of Probate Court, Lodhas say they are not part of proceedings regarding the estate of late Priyamvada Devi Birla
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09-Jun-2020 | Arnab Dutta, Samreen Ahmad, Vinay Umarji & Avishek Rakshit
Covid-19 crisis: Malls roll out red carpet but crowds missing on Day One
More than 250 malls were operational on Monday across the country. This is a fraction of the 650 plus large malls in India.
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08-Jun-2020 | Samreen Ahmad, Arnab Dutta, Avishek Rakshit & Ishita Ayan Dutt
Covid-19 crisis: Reopening leaves hotels, restaurants hungry for patrons
The food business in malls, however, took a beating. The food court at South Delhi's Select CityWalk wore a deserted look, with only a handful of smaller outlets operational
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07-Jun-2020 | Samreen Ahmad, Avishek Rakshit & Dasarath Reddy
Covid-19: Hotels ready with new 5-star drill as govt eases lockdown curbs
Many changes have been made for the safety of guests and staff including temporary closure of spas, bars, gyms, and swimming pools
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07-Jun-2020 | Avishek Rakshit
Essar Oil & Gas eyes new consumers for its CNG business in Unlock 1.0
Currently, the company has around 20 consumers, based in and around Durgapur in West Bengal
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05-Jun-2020 | Avishek Rakshit
Centre warns banks on delays in disbursing Rs 3 trn loans to MSMEs
Urges units facing any such delay to write to it, assured corrective action and disbursement of loan
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02-Jun-2020 | Avishek Rakshit
Lack of transport and office space makes companies stick to work from home
Lack of public transport for employees to reach office is a major hurdle for companies to resume normal office routine
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31-May-2020 | Avishek Rakshit & Ishita Ayan Dutt
As unlock looms, capacity utilisation improves for steel, cement companies
For cement companies, easing of logistical hurdles and improved workers' availability have helped move production levels in May
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29-May-2020 | Avishek Rakshit
Tea companies fear losing lucrative Chinese market over border conflict
Over the past five years, China emerged as the third largest importer of Indian tea as demand for the black variety has been soaring there
