Mithun Dasgupta

3 weeks ago | thehindubusinessline.com | Mithun Dasgupta

State-run Coal India has posted almost flat year-on-year production growth for the financial year 2024-25, and its total output of 781.1 million tonnes (mt) during the period missed the target by a wide margin. The world’s largest coal miner’s production in FY25 grew only 1 per cent from 773.6 mt during FY24, according to the company’s stock exchange filing on Tuesday. For FY25, the production target for CIL was 838 mt.

3 weeks ago | thehindubusinessline.com | Mithun Dasgupta

The Darjeeling tea industry, which has already been reeling under financial crisis, is now staring at a crop loss for its premium first flush tea due to vagaries of the weather. Unfavourable weather conditions prevailing in the hills have delayed plucking of the first flush, which marks the start of a new season, by around two weeks. Plucking generally starts from March 14-15. “Plucking has just started in different regions of the hills after receiving some showers.

3 weeks ago | thehindubusinessline.com | Mithun Dasgupta

ITC is keen to ramp up exports and expand production capacity of its paperboards, value-added paper and packaging segment as the diversified conglomerate is optimistic about the long-term prospects of the sector. The conglomerate is looking to increase global shipments of its value-added paper and paperboards by around 20 per cent year-on-year next fiscal. Its key overseas markets include the Middle East and Europe.

4 weeks ago | thehindubusinessline.com | Mithun Dasgupta

Housing sales in Kolkata witnessed around 31 per cent year-on-year decline during the January-March period this year at nearly 3900 units, as the city’s residential market is impacted by high prices, weak global economy and volatile stock market. During January-March last year (Q1 2024) around 5650 residential units were sold in Kolkata.

4 weeks ago | thehindubusinessline.com | Mithun Dasgupta

Zuno General Insurance is sticking to its target of breaking even in the financial year 2026-27 as the general insurance company is confident of its operating expenses trajectory going down very smoothly. Zuno GI, owned 100 per cent by the Edelweiss Group, started operations in 2018. “From this year onwards (FY25), apart from growth, we also are on a path to moving towards break-even. Loss is becoming narrow. So, we will continue that path while growth will continue.