All stories by ISHITA AYAN DUTT
Don't see change in UK strategy: Tata Steel chairman N Chandrasekaran
Rediff.com16 Jul 2024There has been no change in Tata Steel's strategy on operations in the United Kingdom (UK), company chairman N Chandrasekaran has told shareholders. The statement comes amid growing concern about the restructuring plan in the face of change in government in the UK. Tata Steel's plan for the UK entailed a 1.25 billion investment plan agreed upon by the Conservative party-led government in September last year.
Fair trade, focus on manufacturing, infra on steel firms' Budget wish list
Rediff.com10 Jul 2024India's leading steel companies hope the Modi 3.0 Budget will continue the massive capital expenditure currently underway, focusing on infrastructure development, manufacturing, and fair trade. The infrastructure segment is the largest steel user, and the government's focus has fuelled steel consumption even as international markets have underperformed. According to provisional statistics, steel consumption grew 13.6 per cent in FY24, reaching 136 million tonnes (mt), according to a CRISIL report.
Tata Hitachi reaps rich harvest, from field to factory
Rediff.com5 Jul 2024It was the summer of 2006 (May 18). Writers' Building, then the state secretariat, was buzzing with journalists. The event marked the start of Buddhadeb Bhattacharjee's second term as chief minister. And in style, it got off with West Bengal bagging the small car plant, Nano.
'For Tata Steel, It Will Be Better Than Last Year'
Rediff.com19 Jun 2024'When you look at reviving private sector capex, I don't think there's a better story than steel.'
'Demand will come back after the elections'
Rediff.com16 Jun 2024'The Budget will be positive, continuing on the path of growth taken so far.'
Did Lakshmir Bhandar Help Mamata Win?
Rediff.com6 Jun 2024The welfare schemes of the government, particularly Lakshmir Bhandar, have had a major impact on the electoral outcome.
Why MamataDi Won Bengal
Rediff.com5 Jun 2024'Women are likely to have voted because of the numerous welfare schemes. The CAA consolidated minority votes and the BJP's booth-level organisation in Bengal is weak.'
Suvendu's Career Hinges On Tamluk
Rediff.com25 May 2024'The life of his political career is dependent on success in this constituency.'
In Mahua vs Amrita Roy battle, don't forget the CPM
Rediff.com13 May 2024The curious onlookers that greet the candidates are, however, unaware about the importance of history. They are just there to catch a glimpse of 'Rani Ma' Amrita Roy or Mahua Moitra.
Bengal's tea industry seeks a new flavour
Rediff.com1 May 2024The alpona (artwork) on the steep, winding road leading to Makaibari bears testimony to the visit of G20 delegates for the second tourism working group meeting in April last year. The lush tea bushes, the delegates joining in for the moonlight plucking of Silver Tips Imperial first flush, a favourite of late Queen Elizabeth II, cut a picture of mystical magic. But it's not the Kurseong tea garden's only shining moment - the last few years have been busy for the estate and its bungalow.
'I Don't Know What I Am Going To Do'
Rediff.com25 Apr 2024The political heat in West Bengal has been giving the rising mercury levels serious competition since the high court order.
'ITC aspires to double its business in five years'
Rediff.com21 Apr 2024'While every year presents new challenges, it also provides opportunities for better growth and performance.'
How Berger Paints plans to protect its market share
Rediff.com16 Apr 2024'Which is growing fast and where we are very strongly positioned.'
Rasna looks at overseas franchise arrangements for manufacturing abroad
Rediff.com14 Mar 2024Rasna, which became a household name in the 80s and 90s and is still ruling the pre-mix market, is now looking at overseas franchise arrangements for manufacturing abroad. As part of the arrangement, the franchisee would invest in the plant and machinery and it would also take care of day-to-day operations. Rasna would supply the pre-mix, technical know-how and some financial support.
Will BJP benefit from Trinamool leader's arrest for Sandeshkhali?
Rediff.com14 Mar 2024Whether the age-old cry of kendrer banchana will be able to drown out pangs of Sandeshkhali, the EVM will tell.
Visa applications to beat pre-Covid levels in 2024
Rediff.com21 Feb 2024VFS Global expects visa applications from India to surpass pre-pandemic levels in 2024 with the easing of appointment availability. Vishal Jairath, head-South Asia, VFS Global, said during a media interaction that based on indications from the client governments in terms of appointment availability and the resources deployed by them, visa applications would surpass the pre-Covid levels by a healthy margin. "We have geared up. We have looked at our infrastructure and increased capacity in many locations," he added.
ITC would increasingly try to go outside India: Sanjiv Puri
Rediff.com20 Feb 2024Sanjiv Puri, chairman and managing director of ITC, is looking to expand the conglomerate's play outside India by taking "strategic positions" in markets close to home in the non-cigarette fast-moving consumer goods (FMCG) and hospitality businesses. In a recent conversation with Business Standard, Puri revealed that ITC is setting sights beyond India's borders. "We already export to 100-odd countries. We want to scale that up and take some strategic positions in markets close to us," he said.
'We expect the losses to be lower from UK'
Rediff.com10 Feb 2024'The UK is more of a structural problem, and that's why we're doing the restructuring.'
Darjeeling tea hits 8-yr low in auctions
Rediff.com5 Jan 2024Geopolitical headwinds leading to lower demand from export markets, coupled with lower domestic buying, have dragged the auction average of Darjeeling tea to its lowest level since 2015. Data from Calcutta Tea Traders Association (CTTA) shows that the average price of Darjeeling tea at Kolkata auctions for January-December 2023 was Rs 319.74 per kg. The last time it dipped below this level was in 2015 at Rs 285.71 per kg.
In non-cigarettes push, how ITC built more than 25 FMCG mother brands
Rediff.com4 Jan 2024A young couple sharing a laugh - in the living room over a Polish joke book, on the beach, in the rain - with the tagline, "Made for each other", hung from billboards at prominent street corners from the 1960s to the 1990s. It was a campaign for one of the largest selling cigarette brands in India, Wills (Navy Cut) from the ITC stable, that resonated with a generation of smokers and non-smokers alike till the curtains came down on tobacco advertising in 2004. As we prepare to welcome 2024, ITC has metamorphosed from a tobacco giant into a conglomerate straddling multiple large-sized businesses. In the mind space of Gen Z or millennials, the company represents a gamut of branded products - from frozen food (ITC Master Chef), noodles (YiPPee!), and cookies (Sunfeast) to snacks (Bingo!) and notebooks (Classmate), and so on and so forth.