Avishek Rakshit &Amp;Amp; Shreya Jai

Stories by Avishek Rakshit &Amp;Amp; Shreya Jai

Rs 2000 cr of losses brewing for tea cos this year

Rs 2000 cr of losses brewing for tea cos this year

Rediff.com   29 Mar 2020

Rough estimates from plantation companies have pegged production loss in excess of 100 million kg (mkg) across India which is valued at around Rs 2000 crore. Usually, plantation companies in Assam and West Bengal produce around 15 per cent of the total tea during March-April.

Manufacturing sector hits a virtual standstill

Manufacturing sector hits a virtual standstill

Rediff.com   26 Mar 2020

Factories are shutting down owing to a shortage of labour and raw materials, and a lack of logistical support amid the ongoing nationwide lockdown against the coronavirus pandemic.

'We are being told a server crash stalled the ATMs'

'We are being told a server crash stalled the ATMs'

Rediff.com   7 Mar 2020

Across Yes Bank branches, the busiest people were the relationship managers, trying to soothe nerves. Many were seen advising clients the situation was only temporary and that their money was safe.

How ITC, Godfrey Phillips plan to expand market share

How ITC, Godfrey Phillips plan to expand market share

Rediff.com   25 Feb 2020

ITC has introduced differentiated cigarettes like Gold Flake Indie Mint, Gold Flake Neo and Classic Rich & Smooth in the premium end. Godfrey, too, introduced flavoured variants like Four Square Clove Crush in the mid-tier segment and has seven variants of the Marlboro brand for India.

Taj Mahal gets a makeover before Trumps visit Agra

Taj Mahal gets a makeover before Trumps visit Agra

Rediff.com   23 Feb 2020

From Dwight D Eisenhower to Bill Clinton, many American presidents have made sure they're photographed against the backdrop of the Taj. And, now the monument is ready to impress Trump for that family frame. Well, almost ready, reports Shreya Jai.

ITC is first to hike cigarette prices post budget

ITC is first to hike cigarette prices post budget

Rediff.com   12 Feb 2020

While the American Club Cool Fresh Taste saw the minimum hike of 10 per cent, from Rs 200 to Rs 220 for a pack of 20 cigarettes, the price of Navy Cut Filter rose by about 16 per cent, at Rs 80 for a pack of 10 sticks. Flake Filter has become costlier by 14 per cent at Rs 80, while prices of Flake Special Filter, Flake Blue Special Filter and Wave Cool Mint rose by 20 per cent.

How FMCG majors are tackling slowdown in rural demand

How FMCG majors are tackling slowdown in rural demand

Rediff.com   9 Feb 2020

Nearly all FMCG companies like Marico, HUL, ITC and the rest have been indicating that the operating environment has been challenging, with drop in consumption, especially in rural areas, severe crunch in market liquidity conditions, and disruptions and floods in several parts of the country. To overcome this, they are boosting their direct reach in the countryside.

Adani bets big on renewable energy

Adani bets big on renewable energy

Rediff.com   23 Jan 2020

Eyeing to become India's largest player in 2020 Adani Group plans to invest 70 per cent of its capital expenditure in clean energy and energy efficient systems.

As financial crisis deepens, tea estates are up for sale

As financial crisis deepens, tea estates are up for sale

Rediff.com   22 Jan 2020

The root of the problem, according to industry officials, is the sudden stoppage of lines of credit to tea plantation companies.

Will anti-CAA protests help Mamata?

Will anti-CAA protests help Mamata?

Rediff.com   14 Jan 2020

'When violence spread, it looked as if Mamata was losing control, but soon, she was able to contain the situation.' 'Now, the TMC stands to gain the most.'

In Bengal, CAA causes fissures amid BJP leaders

In Bengal, CAA causes fissures amid BJP leaders

Rediff.com   13 Jan 2020

BJP leaders in the state are either lying low or criticising the CAA move in hushed tones. Chandra Kumar Bose, vice-president of the BJP's state unit, is most vocal with his opposition to the Act in the current form. "The country is above petty party politics. How can I keep quiet when I see that something is happening which is wrong in its current form?" Other party leaders aren't as vocal as Bose but clandestinely have been questioning the merit of the CAA and its impact on the BJP's prospects in the state. In fact, at a time when the BJP started making deep inroads in the state, the fear of the CAA and the NRC appears to be ruining its prospects.

What Modi Told the Coal Minister

What Modi Told the Coal Minister

Rediff.com   13 Jan 2020

'The day I took charge, the PM told me you do the following -- stop imports, talk to all stakeholders and involve them to make mining more industry-friendly without affecting the environment.'

Coming soon, the Lamborghini home in next six months

Coming soon, the Lamborghini home in next six months

Rediff.com   21 Dec 2019

The family that used to make the legendary sports car wants to bring the same design panache to luxury flats.

Danone to enter new product categories with Protinex

Danone to enter new product categories with Protinex

Rediff.com   9 Dec 2019

The company believes that Protinex's current powder form limits the scope of expanding the business and hence, diversification into new categories is essential for its growth.

Iran set to topple Russia as India's largest tea importer

Iran set to topple Russia as India's largest tea importer

Rediff.com   5 Dec 2019

Under the trade agreement between India and Iran, the West Asian country can pay India in rupees for its imports against oil exports to India, which New Delhi pays for in Iranian rial.

Kolkata turns pink for day-night Test

Kolkata turns pink for day-night Test

Rediff.com   23 Nov 2019

Kolkata sheds its white-blue nocturnal hue with pink ball day-night Test.

Why stubble burning will continue to choke NCR

Why stubble burning will continue to choke NCR

Rediff.com   13 Nov 2019

To prevent rise in air pollution levels, oil marketing companies and thermal power units were planning to procure stubble from farmers to make bioethanol and promote the central government's 'Agricultural Mechanization' for crop residue management. But both have seen minimal success.

UDAY, to revive govt power distribution cos, is a flop

UDAY, to revive govt power distribution cos, is a flop

Rediff.com   11 Oct 2019

The power ministry is planning to start a second version of UDAY, aimed only at reducing the losses of discoms and improving the quality of power supply.

Gandhi@150: Students offer amazing solar lamp tribute!

Gandhi@150: Students offer amazing solar lamp tribute!

Rediff.com   3 Oct 2019

One million schoolkids around the world build and light solar lamps.

Canon mulls plants in India to hedge against US-China trade war

Canon mulls plants in India to hedge against US-China trade war

Rediff.com   5 Sep 2019

Firm is conducting feasilbility studies on setting up units in 40 countries, will take final call based on global fallout of trade spat.