ASIAN TEA COMPANY
Coca-Cola offers a $1-billion swig to India Inc families
Coca-Cola India is seeking to sell a minority stake in its subsidiary, Hindustan Coca-Cola Beverages, following PepsiCo's model of outsourcing bottling operations to Varun Beverages Ltd.
Why it's a good time for the producers and exporters of premium, flavoured orthodox teas
Orthodox tea exports are thriving, with Iran's controlled payments and Indian ambassador Rudra Gaurav Shresth's support aiding trade. Mohit Agarwal of Asian Tea anticipates a 10% increase in overall exports, citing a rise in exports to Russia.
Tea and basmati traders halt West Asia exports
Basmati rice is another agri-commodity which Iran imports from India. In FY24, India exported one million kg of basmati rice to Iran, out of its total exports of 4.9 million kg.
Iran-Israel conflict: Exporters of basmati rice, tea worried
Indian basmati rice and tea exporters are anxious about the impact of Iran's attack on Israel. Concerns over outward shipment and rising sunflower oil prices persist amidst the conflict, posing challenges for the industry.
Q3 earnings, global cues, FII flows among 8 factors to set trajectory for D-Street this week
In the coming week, the trajectory of domestic equities will be influenced by Q3FY24 earnings, including those of HDFC Bank and Reliance Industries. Global markets, corporate actions, and fund flows will also play a significant role. Investors will closely monitor the movement of global equities, particularly in China and Taiwan. Key macro-economic data to watch includes consumer price inflation in the UK and the US Fed's Beige Book.
All India Institute of Ayurveda to research health benefits of tea
The MoU is aimed at undertaking research in the tea estates of AYCL and discover its various health benefits of tea including exploring possibilities for possible applications in the Ayurvedic line of medication and treatments.
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How to make a luxury brand from scratch? Lessons from a coffee shop
Bacha Coffee, a brand fewer than five years old has thrived in post-pandemic Singapore thanks to the grandeur of its stores and its positioning in posh locations like ION. It’s a spare-no-expense model that co-founders Taha Bouqdib and Maranda Barnes replicated after building Bacha’s sister brand, TWG Tea, into a status symbol across Asia.
Media companies eye cricket-loving diaspora in the US
Cricket is gaining popularity in the United States, particularly among the South Asian diaspora. Media companies like ESPN and Willow TV have invested heavily in cricket coverage, recognizing the growing clout of South Asian Americans. Investors have also poured over $1 billion into expanding the sport in the US, and cricket stadiums have been built for a new league.
Stock market update: Stocks that hit 52-week highs on NSE in today's trade
Anmol India, We Win, Ganesh Housing, Dreamfolks Services and SMS Pharma, hit their fresh 52-week highs during the day.
India's tea industry getting drowsy, needs some 'kadak' measures
If strong measures are not taken, the industry could be struggling for survival. It is beset by problems on several fronts: Price, demand, production and labour. If global demand going tepid wasn't enough, it now faces challenges from climate change,
SGX Nifty down 40 points; here's what changed for market while you were sleeping
Foreign portfolio investors (FPIs) have net bought shares worth Rs 1458 crore on Friday, provisional data showed. DIIs on the other hand, net sold shares to the tune of Rs 291 crore.
View: The squeeze on India’s spenders is yet to lift
Consumer demand in India has been moderating since August 2021. Village households, many of which had to liquidate their gold holdings and other assets to treat Covid-19 patients during that summer’s lethal delta outbreak, were not in a mood to spend even after the surge in deaths and hospitalization ebbed.
Stock market update: Stocks that hit 52-week highs on NSE
Va Tech Wabag, Gravita India, Themis Medicare, Salasar Techno Engg and Ramky Infra, hit their fresh 52-week highs at 10:24AM.
Iran stops buying Indian tea, basmati rice
The development will have an impact on exports of these commodities, particularly tea, as Iran imports around 30-35 million kg of orthodox tea and about 1.5 million kg basmati rice from India in a year, exporters said.
Can FMCG stocks outperform the index next year? Abneesh Roy answers
“We like Britannia, HUL, Nestle and Dabur in the staple space. In discretionary stocks, we like Asian Paints. Just look at the valuations in these four-five companies. You will miss out on earnings trajectory and EPS improvement which is going to happen over the next two years because most of the pain of rural slowdown and commodity inflation is now behind us.”
Russia buys more from India as Kenya tea turns costlier
India’s tea exports to Russia were 5% higher in the first eight months of 2022 compared with a year earlier, though the price realisation fell 13% per kg as that country is buying cheaper teas from South India.
Syria starts buying tea from India after a gap of 50 years
Countries such as Iraq and Turkey are also buying good quantities of orthodox teas from India in the absence of supplies from Sri Lanka in the market. Sri Lanka accounts for about half the global trade in orthodox teas. Sri Lanka’s absence in the market due to political turmoil in the country has helped India enter orthodox tea consuming nations.
Corporate Radar: Angel One to turn ex-dividend, Asian Paints, Bajaj Finance earnings and more
A board meeting of Rajnandini Metal is also lined up to deliberate fundraising. Embassy Office Parks REIT other than quarterly earnings will also deliberate over dividend.
From Indore a tea-focussed QSR brand goes global
The company clocked Rs 10 crore in revenues last financial year, while the franchises under its ambit clocked over Rs 150 crores last fiscal.
World's hottest chilli or 24-carat gold: Tea blends to add a desi twist to your morning cuppa
Other varieties include 'insulin' tea with Costus Igneus plant leaves & 'blue' tea with Aparajita flower.
Stock market update: Stocks that hit 52-week highs on NSE
Syrma SGS Technology Ltd., SKP Bearing Industries Ltd., Fidel Softech Ltd., Agni Green Power Ltd. and Medicamen Bio, hit their fresh 52-week highs at 10:19AM.
Rupee at 80/USD! How to tweak your equity portfolio to gain from stronger dollar
Analysts say that while the rupee depreciation benefits exporters like IT, pharma, textiles, tea, speciality chemicals, autos and auto components, the extent of gains depends on many other factors. He said a clear beneficiary would be auto and auto component exporters who gain from the twin benefits of rupee depreciation and the recent decline in metal prices.
Stock market update: Stocks that hit 52-week highs on NSE
De Nora India, Priti International, Kohinoor Foods, Globesecure Technologies Ltd. and Spacenet Enterprise, hit their fresh 52-week highs at 11:00AM.
Tea exporters buoyed by robust demand, expect 225 million kg shipments in 2022
Given the demand scenario, the industry is expecting a 40-50 per cent increase in the tea export value over the next two-three years, Kanoria said.
Russia proposes to revive old system to submit documents as it may boost India's exports
Bank of Russia and the Reserve Bank of India are examining how to make this workable and at the same time comply with international sanctions. “Officials of the two central banks have met twice and continue to be in talks, although the final decision has not been reached,” one of the persons told ET on condition of anonymity.
Amazon, Asian Paints, Tata Tea top rankers in Kantar's purposeful brands ranking
The non-FMCG ranking was dominated by telecom brands, with Samsung and Jio jointly second, followed by MRF, Tata Housing and Airtel. Tata Tea topped the FMCG category ranking, followed by Surf Excel, Taj Mahal, Parachute and Maggi (both in fourth position) and Britannia.
Under second wave, FMCG companies put employees' safety first
Durables and appliances maker Samsung has issued advisories to employees that compassion is its top priority and PepsiCo and Nestle too prioritised employee health over business goals across all functions.
Black tea prices surge 42% from a year earlier, making the brew dearer for consumers
The price increase has been mainly in the common CTC leaf and dust category, which has prompted many planters to shift from orthodox teas to CTC tea production.
Assam Company unveils new technologies to provide fillip to tea industry
The company said it has begun a seven-day workshop with a consortium of experts from around the world in a bid to study the fields and creating a tech-supported architectural plan to completely reimagine the future of tea farming.
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