The fate of the debt-ridden Adhunik Metaliks continues to hang in balance with the Kolkata bench of NCLT on Monday refusing to issue any order to Liberty House, which has missed deadline to pay Rs 400 crore upfront to the lenders.
In less than a month's time of West Bengal chief minister Mamata Banerjee's visit to Milan, Italy and two days before Italian Prime Minister Prime Minister's visit to India, Bengal's homegrown frozen desert brand- Milkberry from the stable of Rainbow Dairy Food Product, joined hands with Bizdev, Italy, with the long term goal of setting up an Indo-Italian joint venture in ice cream, frozen desert and other food products segment.
Kolkata-headquartered Shree Cement Ltd is now up to cementing the knowledge gap in far-flung hamlets in the country, starting with some of the remote village of Rajasthan. Started two years ago as a corporate social responsibility initiative, Shree ki Pathshala (SKP) by Shree Cement Ltd is not only turning out to be a successful endeavour to reach out to students from the poor families, but is also paying off in positioning the brand as one that cares for the people. At the end of the day, brand reflects the philosophy of the company and the image, top officials of the company said.
Kolkata-headquartered diversified conglomerate ITC Ltd is now foraying into dairy segment, rolling out pouch milk and curd under the brand name- Aashirvaad Svasti. Moves are already afoot to expand its portfolio in dairy segment, launching paneer and milk beverages in the next couple of months, top company official said in Kolkata on Tuesday.
Malindo Airways, the Malaysian full service airline owned by Indonesian Lion Air Group, headquartered in Petaling Jaya, Malaysia, is betting big on India’s outbound tourist to Malaysia. The Malaysia airline does not see any threat from the growth of low cost, no-frills airlines and is also working on to increase frequencies of its services originating out of various Indian destinations, depending on the number of the traffic. The airlines has added Kolkata as its ninth destination in India.
Two persons were killed and 17 injured in a stampede on a foot overbridge at Santragachi railway station in West Bengal on Tuesday evening after announcements were made about simultaneous arrival of trains on platforms connected by the overbridge.
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.
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 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, 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.