kolkata

Goodwyn Tea bets big on gift packaging

Goodwyn Tea is betting big on tea as a gifting category. The packaged tea brand from the stable of a tea family that owns seven 100+ year old tea estates across 6000 hectare in Assam and Tripura, is also gearing up to grab a larger slice of the packaged tea pie, which is estimated to be nearly Rs 10,000 crore with the help of a wide range of wellness tea, gift items and retail expansion, said Rohan Sirohia, founder-CEO, Goodwyn Tea.

Domestic firms worried as non-ferrous metal imports see big jump

India is well endowed with minerals. It’s a treasure trove of 95 minerals, including fuel, atomic, metallic and non-metallic and minor minerals. The mining sector offers tremendous potential and presents a vast opportunity for investors to mine the unexplored regions. In a world governed by increasing volatility, those trading in minerals and metals require absolute clarity in the prices, information and forecasts they receive.

Usha Martin to seek shareholders’ nod for sale of steel biz to Tatas

Usha Martin Ltd (UML) will now seek its shareholders’ approval on November 10 with regard to the sale of its steel business to Tata Steel. The approval will be sought through special business in the extraordinary general meeting next month. The UML management on Wednesday took the decision. Meanwhile, the engineering labour union of Usha Martin has taken up the entire issue with the Jharkhand chief minister, demanding an inquiry by the enforcement directorate (ED) into the activities of Usha Martin Industries’ managing director Rajeev Jhawar.

Metro Dairy eyes Rs 800 cr revenue in two years

Metro Dairy, the prime revenue driver for Keventer Agro, is aggressively working on the plan of doubling revenue to Rs 800 crore from Rs 400 crore in the next two years. Apart from deciding to strengthen sales and distribution network, to give itself a fresh and younger brand makeover, Metro Dairy has contracted Tollywood superstar Dev and Tollywood-Bollywood diva Raima Sen for endorsing its entire range of products – milk, curd and ice cream.

Dassault Systemes bets on construction

While the mining sector solution remains its forte, Dassault Systemes India is now betting big on the civil and construction verticals. Dassault Systemes, known for its 3D experience platform, has tasted success in this area in the development of the ‘virtual shipyard’ industry digital training programme in South Australia and implementation of smart city projects in Singapore, Jaipur (India), and Rennes (France).

Duckback to re-enter market with diverse basket before festive season

With only two years to go to reach its centenary year, Duckback, the heritage brand, once almost synonymous with raincoats, waterproofs, rubber gumboot and luggage, is re-entering the market with a diverse basket before the festival season, under the new management. Duckback, one of the surviving strong brand originally owned by a Bengali business family (the Boses), had quitely changed hands nearly four years ago.

Business chamber to promote startup ecosystem

It had started its journey when East India Company began winding up from India and 73 years down the road, Eastern Chamber of Commerce (ECC), has set out on a new journey of branching out to other eastern and north-eastern states. That’s not all. ECC, founded in 1945, is also coming up with an innovative start-up lab to promote the startup ecosystem across the eastern and north-eastern states.

International Fair Trade Charter kicked off

Over 250 organisations from across the world on Tuesday kicked off an International Fair Trade Charter (IFTC) that promises to set down fundamental values of fair trade and define a common vision towards achieving the UN’s sustainable development goals (SDGs).

Usha Martin board says debt payment is priority

Amidst speculations over a division in the Usha Martin (UML) board and the promoters’ family over the end-use of funds received from Tata Steel, the company’s board said that it is fully committed to the objective of selling the steel business to ‘repay its debts’.

GRSE to deliver 10 warships to Navy, Coast Guard

Defence public sector undertaking Garden Reach Shipbuilders & Engineers (GRSE), which is in the process of raising nearly Rs 340 crore through the Initial Public Offering (IPO), will deliver 10 warships to the Indian Navy and Indian Coast Guard in the next 18 months.

The first of the three ‘Project 17 Alpha Frigates’ will be delivered to the Indian Navy in the middle of 2023, said GRSE chairman and managing director Rear Admiral (retd) VK Saxena.

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