Tea prices are expected to be higher in the new season, said Kamal Baheti, CFO of Mcleod Russel. Increased prices will benefit the overseas operations most.
The company has expanded its international business in Congo, Kenya, Ghana and Malaysia, aid Sharan Bansal, Director at Skipper.
Speaking to CNBC-TV18, Adi Godrej, Chairman of the Group said that the company is happy to increase its stake in the subsidiary and that the operations from sales in Kenya are high.
Prices in India in last couple of weeks have become very strong, so we will get back to higher prices in India said Kamal Baheti, CFO, McLeod Russel.
UK's food regulator Food Standards Agency (FSA) on Wednesday gave a clean chit to Nestle for Maggi manufactured in India saying levels of lead in the product are well within the EU permissible levels.
The drought situation in Kenya would help boost McLeod‘s exports back to 20-22 million kilograms compared to last year‘s13-14 million kilograms, says CFO Kamal Baheti.
In terms of the phosphatic business there will be pressure because the prices of raw materials ammonia and phospheric acid have gone up substantially, says PK Ghose of Tata Chemicals.
This competition is an endeavor by the magazine to promote some of the best photographers that the country has. In this episode we bring you the experiences of the seven finalists who met at the final phase of round to capture the breath taking beauty of Kenya.
Last year consolidated production was 102 million kilograms. However, for this year we would be making 114-115 million kilograms. Prices for Indian market are expected to be around Rs 180.
CNBC-TV18‘s Sunanda Jayseelan and Ronojoy Bannerjee report that rivals Hero and Honda are trying to lead the fight market-share by weaving the strands of optimism and caution to formulate new strategies for the two-wheeler market.
In an interview with CNBC-TV18, Kamal Baheti, CFO of Mcleod Russel said that trying to sustain last year's 28% margin would be a challenge since tea is a seasonal industry.
World Cup minnows Netherland’s, Canada and Kenya get a helping hand from desi brands. SAB TV laughs its way up the entertainment channel order and Hindustan Unilever is serving up coffee.
Speaking to CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, Aditya Khaitan, MD of McLeod Russel said he expects tea prices to firm up ahead. "India is running on inventory levels right now," he informs.
Manoj Kohli the CEO, International and the joint managing director of Bharti Airtel, in an interview with CNBC’s Lerato Mbele, spoke about the telecom major’s brand new look and what route they plan on following in their quest to conquer the African continent.