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Wow! Momo plans 40 Wow! China outlets
Ritwik Mukherjee
26 Sep 2019 1:48 AM

The Kolkata-headquartered food start-up, which notched up a revenue of Rs 120 crore in FY19.

Interestingly, Gadkari, had, last week, said that he had cleared a Cabinet note on the proposed vehicle scrappage policy, which had been approved by the finance ministry as well.
Govt mulls reviving closed sugar mills
Ritwik Mukherjee
24 Sep 2019 12:52 AM

Land may be used for ethanol production.

The Modi 2.0 government has approved incentives worth Rs 6,268 crore last month to subsidise exports of as much as 6 million tonne of sugar in 2019-20.
Sugar industry set to start exports to China, Iran
Ritwik Mukherjee
23 Sep 2019 1:26 AM

This will also pave the way for fully utilizing the period between October and April 2020 in the global market.

Their device design inherently exploits a large transpiration surface for achieving a sustainable motion of salt ions, through natural evaporation phenomenon.
Hang some clothes and light a bulb!
Ritwik Mukherjee
19 Sep 2019 12:56 AM

This, IIT KGP researchers believe, can turn into a source of low-cost power in extreme rural settings.

Rechristened as The Eco Adventure Resorts, Temi Bungalow, the throwing up of the Bada Bungalow, marks the first such PPP initiative between the Sikkim government in the tourism sector.
Sikkim invites tourists to tea garden
Ritwik Mukherjee
18 Sep 2019 1:50 AM

Sikkim is the world’s first 100 per cent organic tea estate and has recently received the Green Oscar.

The overall sentiment in the market remains bearish due to a rise in imports coupled with sluggish demand from tyre makers, traders said.
Rubber futures hit six-month low
Ritwik Mukherjee
16 Sep 2019 1:21 AM

The October contract ended at Rs 13,355 per 100 kg, up 0.2 per cent from that of Monday, last week.

The trend of recycling and reuse is likely to accelerate going forward. That would dent the demand for virgin polymer and impact the margins of producers. Notwithstanding the backlash, improving living standards, population growth, increasing urbanisation and lack of cost effective alternatives would continue to support the growth of many plastics over the next decade.
Good days behind for petchem industry: Icra
Ritwik Mukherjee
10 Sep 2019 1:37 AM

Going forward, the olefins cycle is likely to decline further and that in turn would lead to subdued returns, they added.

Going by a recent report from the US Department of Agriculture’s Foreign Agricultural Service (FAS), India’s soybean production for 2019-20 has been revised lower based on preliminary crop observations.
Rains take a toll on soybean output
Ritwik Mukherjee
09 Sep 2019 1:26 AM

On the exports front, during the first 10 months of 2018-19, total oilmeal exports increased 8 per cent to 2.3 mt.

Union Finance Minister Nirmala Sitharaman
Government to aid wealth, job creators
Ritwik Mukherjee
07 Sep 2019 1:07 AM

The Centre is stepping up its efforts to make the tax assessment process less tedious and more transparent.

In the last seven years, that is between 2013 and 2019, prices of tea moved up by an average of Rs 11 per kilogram with average realisation ranging between Rs 136 and Rs 147 a kilogram, tea prices in real terms have dropped in the last five years with the rupee allowed for a free fall.
Tea profit likely to contract 140-150 bps: Crisil
Ritwik Mukherjee
02 Sep 2019 2:16 AM

The major problems, according to sector analysts, are low price realization and escalating cost of production.

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