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Articles by K. Sajeev Kumar
Good demand lifts prices at Kochi tea auctions
Good demand lifted the prices of some tea varieties at the Kochi auctions. The market opened on an irregular note and it ruled steady to firm and dearer towards the close. However, medium and plainer grainer varieties gained better prices, following good export enquiry. In sale no 23, the quantity on offer in CTC dust was 8,66,000 kg. Leading blenders extended active support to good liquoring varieties, while upcountry buyers lent fair support, the auctioneers Forbes, Ewart & Figgis said.
Mobile game app on stock trading launched
Finding it tough to learn the basics of the stock market? Here is a solution from Hedge Equities, a leading financial services company based in Kochi. The company has launched a mobile game app TORO e ORSO, the Italian term for the ‘bull and bear’, aimed at educating the younger generation on the fundamentals of stock trading, It was earlier launched as a board game and has received a good response from the youth.
Tea prices drop lower on subdued demand
Subdued demand from blenders, upcountry buyers and exporters seems to have affected prices of several tea varieties at the Kochi auctions this week. In CTC dust, the market for high-priced teas witnessed resistance with prices declining to the tune of ₹3 to ₹5 and sometimes more following quality. However, the price drop was less for medium and plainer teas, especially for grainier varieties. The quantity on offer in the CTC grades was 8,96,000 kg in sale no 22.
Volvo Auto issues clarification on compliance with emission norms
With Euro 6 or BS VI compliant vehicles, Volvo Auto India has clarified that its vehicles have the lowest CO2 emissions among all luxury car brands in the country. All the models available in India have sub-2L engines and comply with the most stringent emission norms. Volvo Cars made Diesel Particulate Filters (DPF) standard in 2007, a statement issued here said. The company’s clarification comes in the wake of the recent registration ban on 2,000 CC diesel vehicles in Kerala.
Apollo Tyres, Wildlife Trust join hands to restore mangroves in Kannur
Apollo Tyres and Wildlife Trust of India has announced its partnership on a mangrove restoration project in Kannur to coincide with the international day for biological diversity. The Kannur Kandal Project aims to ensure the survival of existing mangroves and increase the acreage of such habitats across Kannur, potentially making it a prototype for other coastal districts of Kerala and a model for the rest of the country.
CTC dust grades edge up at Kochi auctions
Despite low arrivals, good liquoring and popular mark teas in the CTC dust grades were dearer at the Kochi auctions this week. Of the 8,74,000 kg on offer, leading blenders extended good support to this particular variety in sale no 20. However, prices of other categories were irregular and lower by ₹3 to ₹5 and the decline was more for medium and plainer teas. Though demand from exporters and regional blenders was subdued, upcountry buyers lent fair support.
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