Apple CEO Tim Cook joined U.S. President Donald Trump at the White House on Wednesday (August 6, 2025) to announce a commitment by the tech company to increase its investment in US manufacturing by an additional $100 billion over the next four years. “This is a significant step toward the ultimate goal of ensuring that … Read more
Bosch group has acquired 74.2% stake in Johnson Controls-Hitachi Air Conditioning India (JCHAI). The acquisition is effective July 31, 2025 and is consequent to the $8 billion global deal, wherein Bosch announced a takeover of the AC solutions business for residential and light commercial buildings from Johnson Controls about a year ago. JCHAI’s acquisition positions … Read more
India has tightened rules to ensure stricter testing and labelling of cosmetics to enhance safety, check counterfeit products and clearly define spurious items, said two officials aware of the development. A failure to comply with the new rules introduced by the health and family welfare ministry will result in the suspension and cancellation of licences, … Read more
In a long awaited development, Promoters are selling out of VIP Industries. Piramals have sold 32% stake to a consortium led by Multiples, the Private Equity major. Consortium includes Caratlane founders, Mithun Sancheti and Siddhartha Sancheti. Stake has been sold at Rs 388/ share for Rs 1,763 cr. This is at a 15% discount to … Read more
In it’s Annual Report for FY 2025, the Chairman Harsh Mariwala has said that the Company aims Rs 20,000 cr of revenues by FY 2030. In FY 2025, Marico reported revenues of Rs 10,831 cr. Rs 20,000 cr in next 5 years therefore imply a CAGR of 13%. Compared with this, the Company in the … Read more
Sirca has announced acquisition of the entire business under the brand name “Wembley” from Wembley Paints & Chemicals and Indo Wembley Paints Private Limited. It’s not acquisition of an entity but only the brand, it’s clients and identified employees. No manufacturing facility acquisition is involved. Consideration for acquisition is Rs 8.15 cr. With this acquisition, … Read more