Borosil Group aims for doubling FY25 revenues in 4 yrs

Borosil Group has three listed entities – Borosil Renewables (BRL) – solar glass Borosil (BL) – consumer glassware Borosil Scientific (BSL) – scientific and laboratory glassware In FY 24, BRL reported Rs 1,386 cr of revenues, BL Rs 928 cr and BSL Rs 390 Cr – totalling Rs 2,700 cr revenues for the group. Promoter … Read more

Good Glamm Group acquires Sirona Hygiene for Rs 450 cr in all-cash deal

Beauty and personal care conglomerate Good Glamm Group has completed the acquisition of Sirona Hygiene for Rs 450 crore (approximately $60 million) in an all-cash deal, marking one of the largest cash exits for a direct-to-consumer (D2C) startup in India, especially in the FemTech space. Co-founders Deep Bajaj and Mohit Bajaj had stepped down from … Read more

Nestle announces new MD

Mr Suresh Narayanan, the current CMD of Nestle India will retire on July 31, 2025. The Company has informed that Manish Tiwary, the Country Manager of Amazon India will take over from Suresh w.e.f August 1, 2025. Before joining Amazon in 2016, Manish had a 20 year career at Unilever, where he held roles in … Read more

Sequoia sells out of Prataap Snacks to a Dangi promoted entity

Authum Investment & Infrastructure (AIIL) and Mahi Madhusudan Kela are together acquiring 46.85% stake of Prataap Snacks (PSL) from Sequoia. 42.31% is being acquired by AIIL and 4.54% by Mahi Madhusudan Kela @ Rs 746/ share Mahi will also get classified as part of the promoter group. Sequoia is selling out completely. In line with … Read more

Tupperware Brands files for bankruptcy as company seeks ‘strategic alternatives’

Tupperware Brands and its subsidiaries have filed for Chapter 11 bankruptcy protection in the US. The company, known for its food storage containers, announced the filing on Tuesday amid increasing financial difficulties. Tupperware president and CEO Laurie Ann Goldman said the company’s financial situation has been severely affected by challenging economic conditions.”As a result, we … Read more

‘Foxconn City’ similar to China coming up in India soon? Southern states vie for Apple’s iPhone maker’s attention

Foxconn, a major global electronics contract manufacturer, has received offers from multiple states in India to establish large-scale industrial facilities. Telangana has proposed providing 2,000 acres for a ‘Foxconn City’, similar to the company’s existing sites in Taiwan and China, according to Duddilla Sridhar Babu, the state’s IT and industries minister. Additionally, sources told ET … Read more

FSSAI withdraws advisory on removal of A1, A2 claims on milk packaging

Food safety regulator FSSAI on Monday withdrew its recent advisory wherein food businesses were directed to remove claims of ‘A1’ and ‘A2’ types of milk and milk products from packaging. The Food Safety and Standards Authority of India (FSSAI) said the advisory has been withdrawn to carry out further consultations with stakeholders. It would imply … Read more