Calcutta [Kolkata]
On the pricing front, sector analysts expect the sharp reduction in Indian production in 2019/20 to start the recovery in prices. A very poor crop in Maharashtra, triggered by a poor monsoon in 2018 that reduced replanting, will start the process of firming domestic prices in India. Higher domestic prices will reduce the volume of exports onto the world market, experts felt.
Unchanged sugarcane FRP for 2019-20 season makes mills happy
29 Jul 2019 2:33 AM

A total capital outlay of Rs 1,674 crore has been made for this stock which would help mills clear their unpaid dues to the farmers.

The company had reported a net profit of Rs. 1,528 crore in the corresponding period a year ago. Its revenue from sale of products came in at Rs. 9,984 crore, as against Rs. 9,356 crore in the year-ago period. The net sales of the company stood at Rs 10,197 crore, up 6.04 per cent, as against Rs 9,616 crore in the corresponding period a year ago.
Slowdown limits HUL’s Q1 volume
24 Jul 2019 2:39 AM

Net profit rises nearly 15 per cent, volume up 5 per cent.

Significantly, nearly 50 per cent of the total tea produced in India is sold in auctions and the rest in private sales and the bottom-most price would assure a minimum price recovery for the sellers at the auctions.
South Indian tea prices plunge as demand flags
19 Jul 2019 1:23 AM

Besides, it would also help in flushing out bad quality tea from the market.

Earlier this month, the state government had formed a negotiation committee to renegotiate wind and solar PPAs in the state, citing the high tariffs that state distribution firms pay under the contracts.
Renegotiation of PPAs to hit cash flows
18 Jul 2019 1:52 AM

We believe that the state government will need to appeal to state regulators and then seek consent from the courts to overturn the existing PPAs.

The company is also making investments in start-ups with the intention of developing new cutting edge products, ITC Chairman Sanjiv Puri
ITC to get into new FMCG goods
13 Jul 2019 1:18 AM

At present, nearly 25 per cent of ITC’s segment revenue comes from newer FMCG businesses under the non-cigarette portfolio.

Indigo and SpiceJet, which together accounted for nearly 62 per cent of the domestic airline industry capacity during April 2019, have added 15 and 25 aircraft, respectively, during April and May 2019.
Indian market for low cost carriers to double
13 Jul 2019 1:02 AM

LCCs has been the only successful airline industry model in India over the long term.

In the last two to three years, ITC has expanded its FMCG portfolio by foraying into new segments. Over 50 products were launched last year to strengthen existing categories and enter newer segments, said ITC chairman Sanjiv Puri.
Looking for acquisitions, to foray into new FMCG categories: ITC's Sanjiv Puri
12 Jul 2019 1:10 PM

The company is seeking to be an engine of growth for Indian economy through a vibrant portfolio of future-ready businesses.

OPEC's latest monthly report, the maiden crude forecast of 2020, suggested that the world would need 29.27 million barrels per day (bpd) of crude from its 14 members next year, down 1.34 million bpd from this year.
Crude demand projected to drop next year
12 Jul 2019 1:25 AM

The alliance, called OPEC+, last week renewed the pact until March 2020 to avoid a build-up of inventories that could hit prices.

The organised sector has a market share of 15-20 per cent, while unorganized sector still has close to 80 per cent market share.
Godrej Interio eyes interior services
11 Jul 2019 1:01 AM

The home furniture segment in India is estimated to be nearly Rs 50,000 crore.

The tea body said that the imposition of two per cent TDS would compromise with the liquidity position of the tea estates.
Tea industry seeks exemption of TDS on cash withdrawal
06 Jul 2019 2:56 PM

The tea body said that the wages paid to the tea garden workers were both in cash and in kind.


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