The Nowera Nuddy tea estate of Amalgamated Plantations Pvt Ltd (APPL), a close to 50 per cent subsidiary of Tata Tea, accounts for a little more than 1 per cent of the company's tea production in North India, but is threatening its image as an 'ethical' group. The IUF, a global trade union, is running an international campaign against the lockout of the estate.
The change in the brand name can show up on the company's locations, stationary and vehicles. The rebranding process, if approved by the company, is expected to commence next summer.
Small price difference with Maruti causes customer attrition and back-outs.
Commerce and industry minister Nirupam Sen and land and land reforms minister Abdur Rezzak Mollah say the figures are yet to be collated. West Bengal Industrial Development Corporation sources said land losers would only be known once the projects are awarded.
This time over BHEL's power project proposal.
He's the hero for forging consensus on GST, popular in the Left Front and among his students, but industrialists are less than enamoured.
After land, coal is turning out to be the latest hurdle to West Bengal's industrialisation drive.
Put plans on hold after HK caps expansion, Singapore orders stricter asset norms.
In the past four years, there has been some progress in allocation of iron ore and coal mine--the two key raw materials for steelmaking. The memoranda of understanding for the mineral rich states of Jharkhand, Orissa and Chhattisgarh started pouring in from 2005. Since then, many steel companies, JSW Steel, Tata Steel, Essar Steel, Tata Metaliks, and even ArcelorMittal have bagged either coal or prospecting licence for iron ore.
A year later, land prices are less than half the peak levels of Rs 20 lakh an acre.
Industry at Haldia, a major port and commercial hub, has been caught in the middle of this power transition. Consider this: RPG's power utility, CESC, is unable to erect evacuation towers due to land issues and the third phase of its ongoing expansion of 250 Mw has already been delayed by seven-eight months.
The main reason for the move is the volatility in prices and inconsistent supplies for value-added grades.
Since September-October last year, when the real estate market was in deep recession, several developers had started offering gifts like a car or a parking space with flats. For example, Kolkata-based real estate developer RDB Group had decided to give a Nano car with flats at its residential project in Sonarpur, South 24-Parganas.
Direct land acquisition in Bengal fiat forces companies to appoint land brokers.
The company has been in discussions with vendors who are moving from Singur to Sanand to support them with mutually acceptable terms, which will be implemented.
Prices of key inputs up 44% to 74%; analysts expect earnings squeeze after a quarter or two.
Bengal govt invokes Acquisition Act to buy land for railways near Singur.
Govt's divestment plans encourage funds to bet big on state-owned firms.
Honda Siel Cars India is planning to source steel from India for its local operations and is in talks with Tata Steel. A Tata Steel spokesperson confirmed that the companies were in discussions. Currently, Honda sources steel plates from Thailand for its Greater Noida facility. Honda models, like the City and Civic, have 74 per cent localisation, while the newly launched hatchback, Jazz, has 77 per cent local content.
The minister said at a time when banks in the US and Europe needed government support for survival, banks in India were strong enough to sustain on their own.
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