Gujarat NRE Coke on Monday said it has completed the acquisition of the Australia-based Elouera mine from BHP Billiton a part of the Australia-based Illawarra Coal Business for an undisclosed amount.
Coke's latest commercial for the summer opens in a desert with children enjoying a game of cricket despite the blistering heat.
Tata Tea, which sold its stake in US-based Glaceau last year, plans to begin selling a low-priced bottled water in the country through its unit Mount Everest Mineral Water, to take on global rivals such as Coca-Cola and PepsiCo in the Rs 1,500-crore packaged drinking water market."We want to do it quickly,'' Pradeep Poddar, managing director and CEO, Mount Everest, said. "The market is still very young and we can evolve it further through marketing new offerings."
The multinational soft drink producers will soon have a rival from India -- "a bio cola" derived from ayurvedic herb Brahmi.
A legal notice was served to Pepsi and Coca-Cola asking them to immediately stop their sales in India or else face $10 billion in damages on the grounds of causing health hazards.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Kerala State Pollution Control Board on Wednesday said its sample analysis showed presence of cadmium in much higher concentration than permissible levels.
A fire at SAIL's IISCO Steel Plant at Burnpur, West Bengal, injured 21 people, with 2 of them in ICU, the state-owned steel maker said on Thursday. All the affected are being provided with immediate medical care, it said.
He also alleged that for the Bharatiya Janata Party dispensation and its allies being a Hindu is no different from the team identity loyalty of the 'British football hooligan'.
Heralding the cut-throat summer competition in soft drinks, Pepsi said on Tuesday that it has slashed prices of its 300 ml returnable glass bottles to Rs 6 in the capital and this price cut may be extended to other markets.
Amid the low stock position at the electricity generating plants, state-owned CIL has asked its subsidiaries to refrain from conducting any further e-auction of coal, except special forward e-auction for the power sector, till the situation stabilises. The development assumes significance as the supply of coal is being prioritised to the power sector to replenish the dwindling stock in the wake of reports of an electricity crisis looming large. "In view of the current low stock position at the powerhouse end, supply of coal is being prioritised to the power sector to replenish the dwindling stock...coal companies are advised to refrain from conducting of any further e-auctions of coal with the exception of special forward e-auction for the power sector, till the situation stabilises," Coal India said in a recent letter to its arms, including Eastern Coalfields Ltd (ECL), Bharat Coking Coal Ltd (BCCL), Central Coalfields Ltd (CCL).
UN economists announced a likely USD 50 billion drop in the worldwide manufacturing exports in February alone as the extent of the damage to the global economy caused by the novel coronavirus (COVID-19) moved further into focus. Citing the China Manufacturing Purchasing Manager's Index (PMI), Pamela Coke-Hamilton, who heads UNCTAD's Division on International Trade and Commodities, said that it had fallen to 37.5 -- a drop of about 20 points -- the lowest reading since 2004. "This also correlates directly to exports and also implies a two per cent drop in overall exports," she said, with a resulting "ripple effect" worldwide "to the tune of a USD 50 billion fall in exports."
During the quarter, Coke rolled out its fruit juice brand Minute Maid in select locations such as Mumbai. It also introduced variants of Schweppes tonic in the city. The brands will be rolled out in other metros shortly.
RINL, whose two coking coal blocks in Jharkhand -- Mahal allocated in 2005 and Tenughat-Jhirki allocated in 2008 -- were de-allocated by the Coal Ministry at the beginning of this month, had earlier requested permission to surrender these blocks in lieu of two alternative blocks in the region.
One person was killed and three were feared dead after a mishap at an underground mine at BCCL's Basantimata colliery in Dhanbad district.
'If you can do new things everyday, your mind will be challenged.'
Entire outlay would be funded through internal and extra budgetary resources, it added.
Sevilla conjured up a dazzling comeback to clinch a record third successive Europa League title on Wednesday, flooring Liverpool with a 3-1 victory that showed why the Spanish side have become masters of Europe's second-tier competition.
The cola wars will no longer be restricted to Coke and Pepsi, with their Latin American competitor Ajegroup setting up shop in India.
Alan Baptist reveals how he went from 95 kg to 65 kg.
Country's largest iron ore producer NMDC on Wednesday said it is in talks to buy coking coal mines from Kolmar in Russia to feed its proposed steel plants in Chhattisgarh and Karnataka.
The proposed units comprise seven coking coal washeries and 13 non-coking coal washeries.
'Rakhi is a bindaas girl, but Devoleena is manipulative.'
The govt has hiked customs duty for metallurgical coke.
With the increased death rate in the ongoing second wave of Covid-19, domestic cement companies are in no better condition than they were in the April-June quarter of FY21 when the country faced nationwide lockdown. "This wave has had high death rate which has impacted the business. "We are in no better situation than last (year) April. "Deaths of drivers, dealers, contractors and also employees have hit the industry really very hard since April (FY22)," M Ravinder Reddy, director of Bharathi Cements said.
The trade impact of the coronavirus epidemic for India is estimated to be about 348 million dollars (approximately Rs 25 billion) and the country figures among the top 15 economies most affected as slowdown of manufacturing in China disrupts world trade, according to a UN report. Estimates published by United Nations Conference on Trade and Development on Wednesday said that the slowdown of manufacturing in China due to the coronavirus (COVID-19) outbreak is disrupting world trade and could result in a 50 billion dollar decrease in exports across global value chains.
The domestic steel prices may fall by up to Rs 3,000 a tonne after June, if the rates if coking coal decline in the global market, Steel Secretary P K Rastogi said.
The Indian steelmaker, which bought the Mozambique project with Australia-listed Riversdale Mining, sees the mine as essential in ensuring it has a sustainable supply of coking coal.
