T E Narasimhan

All stories by T E Narasimhan

Coffee prices up 10.1%; trend likely to continue

Coffee prices up 10.1%; trend likely to continue

Rediff.com11 Dec 2019

Global exports of coffee in October 2019 fell by 13.4 per cent, to 8.91 million bags, compared to the same month in the previous year. A mix of factors, including unfavourable weather patterns and prolonged low international prices, have contributed to a decline in shipments across all regions. The daily price of the ICO composite rose from $102.74 cents/lb at the beginning of November to a high of $111.86 cents/lb on November 25, 2019, before closing the month at $111.77 cents/lb.

Corporate, PE investments in EV start-ups grow 170%

Corporate, PE investments in EV start-ups grow 170%

Rediff.com4 Dec 2019

The $306-million investment in Ola Electric Mobility by SoftBank Corp, Arun Sarin Family, Ratan Tata and Matrix has been the biggest funding in this space in value terms this year.

CV sales drop by over 17% in Nov on slowdown woes

CV sales drop by over 17% in Nov on slowdown woes

Rediff.com3 Dec 2019

Companies expect recovery in second half of fiscal as BS VI approaches, claim banks and NBFCs showing greater interest in financing.

Natural calamities wreak havoc on spices and coffee plantations

Natural calamities wreak havoc on spices and coffee plantations

Rediff.com22 Nov 2019

Karnataka suffered a crop loss in around 97,365 hectares out of the total bearing area of 2,26,244 hectares of coffee and spices plantations.

Rural distress hits moped sales

Rural distress hits moped sales

Rediff.com19 Nov 2019

TVS Motor Company, the only company in India to manufacture mopeds, said domestic sales dropped by 25.58% in April-Oct and exports fell by nearly 40%.

Datsun, Sunny to drive exports for Renault-Nissan's Chennai plant

Datsun, Sunny to drive exports for Renault-Nissan's Chennai plant

Rediff.com11 Nov 2019

The automaker said that production at the Renault Nissan Alliance Plant, where Nissan, Renault and Datsun brands are manufactured, had gone up by 15 per cent and was expected to increase further on the back of increasing export orders.

How Sugar Free plans to win the twin battle of misinformation and competition

How Sugar Free plans to win the twin battle of misinformation and competition

Rediff.com27 Oct 2019

To become part of the consumer's monthly shopping cart, Sugar Free has launched new formats and variants and waged war against online venom.

Your Apple iPhone XR is now 'Made in Chennai'

Your Apple iPhone XR is now 'Made in Chennai'

Rediff.com23 Oct 2019

The development comes at a time when growing tension in US-China trade ties is forcing companies to explore alternative manufacturing sites in order to derisk operations.

India's automakers hit the fast lane in overseas markets

India's automakers hit the fast lane in overseas markets

Rediff.com10 Oct 2019

Even as domestic passenger car sales declined 29.4 per cent between April and August this year, exports grew 6.5 per cent, partially cushioning the blow from slowing sales.

Green firecracker norms may rob Sivakasi's sparkle

Green firecracker norms may rob Sivakasi's sparkle

Rediff.com9 Oct 2019

Some experts opine that green crackers are yet not practical and question government's move to promote them.

First mover Medimix hopes to ride ayurvedic wave now

First mover Medimix hopes to ride ayurvedic wave now

Rediff.com6 Oct 2019

The packaging is new and so is the way it talks to customers. Plus the brand has been extended into hair oil, shampoo and body wash, products that appeal to the young.

Now Laxmi Vilas Bank under RBI scanner for bad loans

Now Laxmi Vilas Bank under RBI scanner for bad loans

Rediff.com29 Sep 2019

The PCA plan covers various suggestions or measures to recover non-performing assets (NPAs), reduce costs, boost capital, downsize risk-weighted assets, and improve profitability, among others. The LVB management is in the process of implementing all of these, said sources.

Tamil Nadu EV policy seeks to attract Rs 50,000 cr, create 150,000 jobs

Tamil Nadu EV policy seeks to attract Rs 50,000 cr, create 150,000 jobs

Rediff.com17 Sep 2019

The government will create an EV Venture Capital Fund, for financial support to start-ups in the segment. The overall aim is to make Tamil Nadu the preferred destination for EVs and component makers.

Auto slump: Used commercial vehicle sales see uptick

Auto slump: Used commercial vehicle sales see uptick

Rediff.com16 Sep 2019

Average overall sales which used to be around 8,000 units a year ago has dropped to 7,000-7,500 units in a month. A lot of government projects have been announced but these are yet to translate to boost CV sales.

'Orbiter's life to be 7 years as it has extra fuel'

'Orbiter's life to be 7 years as it has extra fuel'

Rediff.com9 Sep 2019

'Till date, 90-95 per cent of the mission objectives have been accomplished' 'Future programmes will go as planned' After the moon landing mishap, K Sivan, chairman, Indian Space Research Organisation spoke to T E Narasimhan/Business Standard of the future and the mood among his scientists. Edited excerpts:

Secret behind the success of 90-year old Brand MTR

Secret behind the success of 90-year old Brand MTR

Rediff.com8 Sep 2019

While the traditional masala portfolio continues to hold its sway, the brand is up against stiff competition from food delivery apps and the thriving community of restaurants that they support for its ready-to-cook and ready-to-eat fare.

Auto firms unsure if benefits will be seen in festive season

Auto firms unsure if benefits will be seen in festive season

Rediff.com26 Aug 2019

This year, both rural and urban markets have reported around 18 per cent fall in the first quarter. However, most auto majors expect that by January, there would be a pick up.

How 55-year old Gits plans to beat competition

How 55-year old Gits plans to beat competition

Rediff.com25 Aug 2019

Gits now has super food mixes like brown rice and flax seeds idli mix, oats idli mix and such other products. It has also launched an organic and vegan version of ready meals abroad. It also has an e-store, besides selling through Flipkart, Amazon and Big Basket.

How carmakers are planning a revival for the sector

How carmakers are planning a revival for the sector

Rediff.com23 Aug 2019

Market leaders saw good traction for new cars, including the electric ones.

Uncertainty looms over renewal of mining leases

Uncertainty looms over renewal of mining leases

Rediff.com21 Aug 2019

Iron ore deposits in the Donimali mine are estimated at 143 million tonnes and worth around Rs 40,000 crore. NMDC had leased the mine in 1968 for a period of 50 years. The lease expired on November 3, 2018.

To beat crisis, Hyundai halts production for several days at Chennai unit

To beat crisis, Hyundai halts production for several days at Chennai unit

Rediff.com19 Aug 2019

Other players who have declared no production days in the recent past, and during this month, include Mahindra & Mahindra, Maruti Suzuki, Hero MotoCorp, Bosch, Jamna Auto, Wabco and Sundaram-Clayton.

Auto sector woes hit tyre makers hard

Auto sector woes hit tyre makers hard

Rediff.com8 Aug 2019

Tyre companies are stepping up on exports to offset declining volumes from domestic OEMs.

India's auto sector staring at a bleak future

India's auto sector staring at a bleak future

Rediff.com6 Aug 2019

286 dealers closed down in 18 months, 32,000 jobs impacted. Maharashtra leads with 84 closures, followed by Tamil Nadu and Delhi. The worst-hit is the passenger car segment.

Betting on rural market, TVS to launch BSVI version of moped

Betting on rural market, TVS to launch BSVI version of moped

Rediff.com26 Jul 2019

The prices will be decided during the time of launch, as TVS hopes that given the cost increase, the government may consider bringing down GST for two-wheelers.

Hyundai plans to launch EV for the mass market

Hyundai plans to launch EV for the mass market

Rediff.com26 Jul 2019

With Kona catering for the high-end market, the South Korean automobile conglomerate wants to introduce a product in the EV segment to address the mass segment.

What changes we can expect at Tirupati

What changes we can expect at Tirupati

Rediff.com24 Jul 2019

'Our priority is how to reduce the waiting time for people for darshan.'

Why Maruti, Hyundai are still betting on Bharat

Why Maruti, Hyundai are still betting on Bharat

Rediff.com23 Jul 2019

With car penetration of around 22 per 1,000 population, India continues to be a big opportunity to sell cars, especially in rural areas.

Rise and fall of the Dosa King

Rise and fall of the Dosa King

Rediff.com22 Jul 2019

His blind faith in astrology took him down a tragic path that has now come to define his life.

As auto sales skid, new vehicle registrations down 5.4%

As auto sales skid, new vehicle registrations down 5.4%

Rediff.com17 Jul 2019

Liquidity continues to be a worry for both, customers and dealers, with the latter facing working capital issues.

The man who presides over the world's richest shrine

The man who presides over the world's richest shrine

Rediff.com8 Jul 2019

The new TTD chairman's Venkateswara pendant seems like a simple yet effective tool to silence his critics and to unburden the baggage of his family's religion.

Budget misses scrappage policy which is key for CV revival

Budget misses scrappage policy which is key for CV revival

Rediff.com8 Jul 2019

The industry said if the policy was announced, it would have taken 28 million vehicles bought before March 2005 off the road.

Commercial vehicle sales seen growing 7-9% this year

Commercial vehicle sales seen growing 7-9% this year

Rediff.com3 Jul 2019

The demand environment is expected to improve over the next three quarters, aided by a recovery in demand from the construction sector, following release of payments to contractors after elections.

Why India plans to build a space station

Why India plans to build a space station

Rediff.com2 Jul 2019

Once ISRO masters the technology to send humans into space, the next step will be experimenting with technologies allowing humans to live in space.

A smart move by TN govt to tackle frequent labour unrest

A smart move by TN govt to tackle frequent labour unrest

Rediff.com27 Jun 2019

Exasperated by frequent labour strikes, the Tamil Nadu government has decided to give public utility status to Auto components makers. A move that has left labour unions fuming since, now, they won't be able to go on strike without issuing a notice of six weeks in advance.

How ISRO's 'eyes in the sky' are helping defence forces

How ISRO's 'eyes in the sky' are helping defence forces

Rediff.com26 Jun 2019

Out of its 47 operational satellites, India currently has six to eight satellites which are used entirely for military purposes.

Ready-made garment exports revives

Ready-made garment exports revives

Rediff.com25 Jun 2019

The exporters are optimistic that the industry will grow by 8-10 per cent and it can improve further if the government helps the industry.

From Rs 7 lakh to Rs 6.5 cr, dozen SUVs to hit Indian roads

From Rs 7 lakh to Rs 6.5 cr, dozen SUVs to hit Indian roads

Rediff.com11 Jun 2019

While the overall passenger car industry is expected to grow at around seven per cent a year in the next five years, SUV growth is expected to be over 10 per cent.

The Bengaluru connection to NASA's moon lander

The Bengaluru connection to NASA's moon lander

Rediff.com10 Jun 2019

While New Jersey, US-based OrbitBeyond leads a consortium of subcontractors who have designed and developed hardware for deep space missions, Bengaluru-based Team Indus is leading OrbitBeyond's lander engineering, reports T E Narasimhan.

Chennai witnessing one of the worst droughts in over 70 years

Chennai witnessing one of the worst droughts in over 70 years

Rediff.com7 Jun 2019

Lush agricultural lands have turned parch as groundwater levels deplete to new lows, and wells and water reservoirs go dry. While the administration points to deficient rainfall as a reason, experts and activists say the drought is mostly man-made.

After 2 years, commercial vehicle sales growth to slow

After 2 years, commercial vehicle sales growth to slow

Rediff.com6 Jun 2019

New regulatory rules, softer freight rates and a liquidity crunch at non-bank lenders are among the reasons.

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