Tea Markets

Crowdstrike's update on Microsoft outage: 'Issue found, fix deployed'

Microsoft outage: Crowdstrike clarified that the outage was not caused by a cyberattack but due a defect in an update, which has been identified, isolated and a fix has been deployed

MARKET LIVE: Sensex up 150pts, broader indices firm; IT, Metal stocks shine

Stock market live updates: The strength spilled to broader markets too, with Nifty Midcap 100, and Nifty Smallcap 100 indices advancing up to 0.2 per cent

Patriarch Srichand Hinduja's death puts spotlight on $14 bn family feud

At stake is the direction for one of the world's biggest conglomerates that employs more than 200,000 people worldwide

Latent View Analytics slumps 9% despite record revenue in FY23; check why

During the March quarter of FY23, Latent View's operating profit fell 3 pe cent QoQ to Rs 141.1 crore, while Ebitda margin shrank to 21.4 per cent from 29.5 per cent

Mukesh Ambani's RIL has stock analysts most bullish in seven years

The stock is down 3% so far in 2023 compared with a gain of 1.5% in the S&P BSE Sensex Index, hurt in part by a decline in crude prices

Indian markets may correct, provide better entry points: Ritu Arora

India remains the most expensive equity market in the region and amongst the most expensive globally, says Ritu Arora, Asia CEO at Allianz Investment Management

Tata Consumer, Hindustan Unilever in talks to buy tea major Girnar

Deal valuation pegged between Rs 1,000-1,500 crore

Centre seeks info from embassy on Iran's bar on rice, tea imports

'As of now, there has been no confirmation from the authorities and the response from the embassy in Tehran is also taking time'

Dhunseri Tea to acquire two estates from Apeejay Tea in Assam's Tinsukia

The acquisition would give Dhunseri a bigger pie in Assam's tea market

Warren Tea to exit plantations, plans expansion of IT and hotel businesses

Signs deal with Dhunseri group for the last four estates it currently owns

McLeod Russel Sept qtr net up 6% to Rs 131 cr despite dip in revenues

Revenues from operations at Rs 425.06 crore were lower by 13.93% from the same period last year

Tea Board may modify past order on blending, change to help tea firms, TCPL

Existing notification bars blending imported tea with GI-tagged Indian varieties; Sources said commerce ministry left it to the Board to take a reasoned call on modification

Endgame at McLeod Russel amid risk of losing control of last major asset

With two rival bids, the once powerful group that owns the world's largest tea producer is in danger of losing control of its last major asset

Amid takeover offer, McLeod Russel pins hopes on debt recast plan

CMD Khaitan says banks have been very supportive and have come to a conclusion on what debt restructuring resolution should be

Dabur makes an entry into Rs 5,600-crore premium tea market with Vedic tea

Looks to get aggressive in segment dominated by Hindustan Unilever and Tata Tea

India's campaign for rupee trade finds fans from Russia to UAE

A greater use of the rupee in tea trade is an encouraging sign, but it's unlikely to boost the currency's status in a major way

Why a non-tea player like Carbon Resources is eyeing McLeod Russel

With a crop of 44 mkg across 31 estates in Assam and two in Dooars, McLeod is a Goliath in the world of tea. It has estates in Africa and Vietnam and its total output worldwide is 73 mkg

Why are nearly half of Darjeeling's tea estates looking out for buyers?

Liquidity challenges amid high wages, falling demand and prices are brewing trouble for the "champagne of the teas"

Nepal brews a fresh crisis for Darjeeling tea with cheaper leaves

A notification banning blends of imported tea in GI-tagged teas has almost pushed Tata Consumer Products, the biggest buyer, out of the market

Tea producers reinvent business, adapt online blend for consumer connect

Data available on the Tea Board website showed that India's production in 2020-2021 had stood at 1,283.03 million kg and volumes at the auctions were around 547 mkg