The biggest worry for Indian tea exporters when the Israel-Hamas conflict flared up in October 2023 was that it would spill over to other West Asian countries, particularly Iran. Now, the direct involvement of Iran, one of the top buyers of Indian tea, is causing apprehension in the industry. Iran, an orthodox tea market, has traditionally been one of the top destinations for Indian tea. Compared to a normal trade year, it had picked up lower volumes last year, which reflected on orthodox prices. But the industry said that there was good demand from Iran this year.
Denne historien er fra October 04, 2024-utgaven av Business Standard.
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Denne historien er fra October 04, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Telangana CM Seeks Nadella Help in Tech, AI Infra Boost
Telangana Chief Minister A Revanth Reddy on Monday called on Microsoft CEO Satya Nadella at his residence and sought the IT major's support to develop a strong ecosystem so that Hyderabad is recognised as a leading city in the world in the technology domain.
Airlines Have to Share International Passenger Data with Customs from April
Airlines will have to mandatorily share details of foreign travelers with the Indian Customs authorities from April 1, 2025, and non-compliance can attract penalties.
H-1B visa: A policy shift under Trump and Biden
Indians constituted highest share in number of visas issued during both presidencies
H-1B System 'Broken,' Need 'Major Reform,' Says Musk
Days after pledging to \"go to war\" in defense of the H-1B visa program, tech billionaire Elon Musk has turned his sights on the system itself, labeling it \"broken\" and in need of \"major reform.\"
ROOT OF THE MATTER
Nano urea sales fell sharply in FY24 while production capacity rose. Is it an aberration or sign of a deeper problem?
Carlos Slim invested $1bn in 2024 to supercharge oil bets
Carlos Slim (pictured), Latin America's richest man, plowed $1 billion this year into growing his crude-oil producing and refining portfolio in a bet that demand for fossil fuels isn't going away anytime soon.
Fire, engg insurance premiums may rise by 60% in 2025
In 2025, Indian firms may face higher premiums for fire and engineering insurance covers as reinsurers are likely to revise rates due to rising claims from catastrophic events and higher loss ratios, according to people in the know.
ICAR, governing body member spar over appointments
Venugopal Badaravada, who is a governing-body member of the Indian Council of Agriculture Research (ICAR) and has pitted himself against the organisation on various matters, has now picked a dispute with the outfit on high-level appointments.
Financial sector to see many new faces in 2025
The financial sector could see new faces at the helm of banks and insurance companies with over half a dozen chief executive officers (CEOs) set to hang up their boots in 2025.
Health experts pitch for duty waiver on cancer equipment
Health and education experts in a pre-Budget meeting on Monday urged Union Finance Minister Nirmala Sitharaman to address issues related to cancer care equipment, health and education spending, and increase focus on teachers' training under the National Education Policy (NEP), 2020.
