Avishek Rakshit

All stories by Avishek Rakshit

Eveready hopes to ride the anti-China wave

Eveready hopes to ride the anti-China wave

Rediff.com23 Jun 2020

50 per cent of the flashlights market in the country is dominated by Chinese imports, which have been increasing.

Tension at China border leaves tea companies in a stir

Tension at China border leaves tea companies in a stir

Rediff.com31 May 2020

Planters from Assam said despite the Covid-19 pandemic, trade enquiries from China had been rising. However, owing to the growing conflict, enquiries may dry up. 'We have seen how the trade dried up in case of the Pakistan conflict and fear the same,' a planter from Assam said.

Harsh Lodha is back as director in 2 MP Birla group firms following court nod

Harsh Lodha is back as director in 2 MP Birla group firms following court nod

Rediff.com6 May 2020

The order, which set aside the August 9 ruling of a single-judge bench, prevented the group entities from publishing the voting results of the last AGM. However, the firms will now be able to execute decisions taken at the AGM last year. People in the know said the Birlas would appeal against the order in a higher court.

COVID-19: Ayurvedic products become increasingly popular

COVID-19: Ayurvedic products become increasingly popular

Rediff.com30 Apr 2020

The pandemic has resulted in a change in consumer lifestyles, with an increased focus on preventive healthcare remedies leading to a surge in demand for immunity-positioned supplements, including Ayurvedic medicines and products, as consumers pursue different ways to combat the virus.

Here's some good news for India's tea lovers

Here's some good news for India's tea lovers

Rediff.com29 Apr 2020

Tea estates across Assam and West Bengal, which were hitherto closed owing to the lockdown, opened in April.

Imported raw material scarcity hits FMCG firms

Imported raw material scarcity hits FMCG firms

Rediff.com25 Apr 2020

Industry officials say the crunch has not only affected manufacturing of edibles but even of items like nozzle pumps and other goods used in packaging.

Tea planters' cup of woes is spilling over

Tea planters' cup of woes is spilling over

Rediff.com22 Apr 2020

The tea industry, hit by rising costs, falling prices and political unrest in the North Bengal plantations, is especially vulnerable to the COVID-19 lockdown.

Domino's boys to deliver ITC atta, spices apart from hot pizzas

Domino's boys to deliver ITC atta, spices apart from hot pizzas

Rediff.com3 Apr 2020

A combo pack of ITC-owned Aashirvaad atta and spices including chili, coriander and turmeric powders will be available on Domino's app. The service will be available in Bengaluru first and will then be expanded to Noida, Mumbai, Kolkata, Chennai and Hyderabad.

Rs 2000 cr of losses brewing for tea cos this year

Rs 2000 cr of losses brewing for tea cos this year

Rediff.com29 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.

How ITC, Godfrey Phillips plan to expand market share

How ITC, Godfrey Phillips plan to expand market share

Rediff.com25 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.

ITC is first to hike cigarette prices post budget

ITC is first to hike cigarette prices post budget

Rediff.com12 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.com9 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.

As financial crisis deepens, tea estates are up for sale

As financial crisis deepens, tea estates are up for sale

Rediff.com22 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.com14 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.com13 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.

Coming soon, the Lamborghini home in next six months

Coming soon, the Lamborghini home in next six months

Rediff.com21 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.com9 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.com5 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.com23 Nov 2019

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

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.com5 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.

Burger King eyes highway pitstops as path to growth

Burger King eyes highway pitstops as path to growth

Rediff.com1 Sep 2019

The company plans to collaborate with stopover management consolidators, who will participate in the bids to develop food courts and rest areas along the highways. Such stopovers will house multiple restaurant brands, reports Avishek Rakshit.

HUL's Indulekha enters Rs 2,000-cr club

HUL's Indulekha enters Rs 2,000-cr club

Rediff.com26 Aug 2019

The haircare brand, acquired for Rs 330 crore, fetches HUL around Rs 400 cr of revenue annually.

A mega tea seller to invade India's kitchens soon

A mega tea seller to invade India's kitchens soon

Rediff.com2 Jul 2019

Madhu Jayanti's Rs 55-crore packet tea business so far is only in Maharashtra and Karnataka. After Eveready's tea business buyout, MJIL's tea production in India will increase from 2.4 million kg to 6.2 mkg and its income from branded tea sales will rise 53 per cent to Rs 198 crore this fiscal year itself. It will also be available in 14 states.

Mamata to skip NITI Aayog meet

Mamata to skip NITI Aayog meet

Rediff.com8 Jun 2019

BJP calls her a 'passive anti-national.'

Orthodox Hindu, tribal votes boost BJP's best Bengal tally

Orthodox Hindu, tribal votes boost BJP's best Bengal tally

Rediff.com24 May 2019

While the TMC was able to maintain its hold on the southern and coastal parts of the state, the BJP is doing well in the northern and western parts of the state, all predominantly tribal areas.

Bengal may cast ballot on religious lines for the first time

Bengal may cast ballot on religious lines for the first time

Rediff.com19 May 2019

The desecration of Vidyasagar's statue during Amit Anilchandra Shah's rally, which the TMC projected to be a 'Bhojpuri' and 'Dhokla' invasion on West Bengal's culture, may help her gain some favour with middle-class and erudite Bengalis in the last phase of the polls.

At 92, B M Khaitan quits as Eveready chief

At 92, B M Khaitan quits as Eveready chief

Rediff.com30 Apr 2019

The development comes at a time when Eveready is on the lookout for strategic investors, including a possible stake sale in its battery business.

'BJP will get 35% vote in Bengal'

'BJP will get 35% vote in Bengal'

Rediff.com29 Apr 2019

With a substantially weakened Left Front and the Congress, political observers say the anti-Trinamool vote will go to the BJP.

Pakistan out, tea firms eye other export markets

Pakistan out, tea firms eye other export markets

Rediff.com3 Mar 2019

Exporters are of the view that while direct exports to Pakistan will be nearly nil this month, and in the coming few months, alternative markets can be explored for exporting tea, which was originally meant for Pakistan.

As gardens stay shut tea firms suffer heavy losses

As gardens stay shut tea firms suffer heavy losses

Rediff.com31 Jan 2019

The quality of Indian tea had lately come under scrutiny in major export markets, due to the presence of pesticides and chemicals beyond permissible limits.

Tea Board blends AI, digital tech for that perfect cup of chai

Tea Board blends AI, digital tech for that perfect cup of chai

Rediff.com30 Jan 2019

Chai Sahay, an artificial intelligence-based mobile app, will be primarily used to issue advisory, disseminate information related to various schemes of the board for the sector as well as provide real-time weather updates, says Avishek Rakshit.

OYO's digitisation drive to help govt get guests' details

OYO's digitisation drive to help govt get guests' details

Rediff.com15 Jan 2019

The company has already put in place this digital register in Jaipur in Rajasthan and pilot projects are running in Haryana and Telangana

What lies ahead for Brand Horlicks?

What lies ahead for Brand Horlicks?

Rediff.com11 Dec 2018

One of the oldest living brands in the country, Horlicks has been innovative in its approach, which helped it survive intense competition

Anju Seth, IIM-C's first woman director

Anju Seth, IIM-C's first woman director

Rediff.com17 Nov 2018

'She was the unanimous choice of the search-cum-selection committee.'

Ready your taste buds for ITC's milkshakes

Ready your taste buds for ITC's milkshakes

Rediff.com31 Oct 2018

ITC will also launch paneer shortly and is also working on cheese and Tetra Pak milk

Air India plans to raise Rs 250 crore from sale of 14 properties

Air India plans to raise Rs 250 crore from sale of 14 properties

Rediff.com2 Oct 2018

Air India's debt burden is estimated to be more than Rs 50,000 crore, besides huge accumulated losses.

Will 2Bme b the brand 4 U?

Will 2Bme b the brand 4 U?

Rediff.com30 Sep 2018

Shashwat Goenka of the RP-Sanjiv Goenka group plans a high-decibel campaign around its young apparel brand 2Bme.

Specialty teas become popular with Assam's growers

Specialty teas become popular with Assam's growers

Rediff.com8 Sep 2018

Sale of India's specialty tea varieties from exclusive estates in Assam and Arunachal Pradesh are on the rise in the domestic market, and sought after in overseas markets too.

Rule Britannia, again?

Rule Britannia, again?

Rediff.com2 Sep 2018

The firm, which traces its origin back to 1862 in a humble Kolkata bakery and its subsequent listing on the bourses in 1918, says that it now wants to grow "substantially" and not just rest on its laurels.

Hilsa, as it's cooked in Bengal's royal homes!

Hilsa, as it's cooked in Bengal's royal homes!

Rediff.com28 Aug 2018

Here's your opportunity to sample ilish dishes from the royal homes of Bengal, says Avishek Rakshit.

Next