Kansai Paint Co Ltd. the parent held a India strategy briefing. Key highlights included – Given the increasing competitive pressures in the decorative paints market, the Indian business to sharpen its focus on the industrial paints segment to drive growth. The goal: to become India’s second-largest coatings company by 2030. It aims to maintain its … Read more
The veteran Anuj Jain and the Company (KNPL) have mutually decided that Mr. Jain will take early retirement from the services of the Company at the close of business on 31st March, 2025. He is being replaced with Mr. Pravin Chaudhari, another experienced veteran. Mr. Chaudhari has over 30 years of experience building B2C and … Read more
As is typical of many new age startups, one more notice for violations. The Enforcement Directorate (ED) has issued a show-cause notice to the parent company and two subsidiary companies of Paytm for allegedly violating provisions of the Foreign Exchange Management Act (FEMA). Notice is to the parent One 97 Communication limited (OCL), it’s managing … Read more
Premiumisation in liquor is an ongoing trend in the Indian market. Encouraged by the same, Radico’s MD Abhishek Khaitan has shared the following. Target of Rs 500 cr of revenues from it’s luxury brands in FY 26 During 9 months ended December 31, 2024, it stood at Rs 250 cr and during Q3 itself it … Read more
After announcing entry into the decorative paints business (through Grasim Industries), the Aditya Birla Group is now entering into the wires and cables business through UltraTech Cements. The initiative will further extend group’s footprint in the construction value chain. UltraTech will undertake the new business through it’s Building Products Division. The plant will be set … Read more
This is further to the ongoing consolidation/ restructuring at Akzo Global. The Indian entity has been in the market to sell its decorative paints business. Now, it’s selling the power coatings business and the R&D centre to the Netherlands-based parent entity. Akzo Nobel N.V. (the parent) will be paying Rs 2,073 crore and Rs 70 … Read more
In a surprise announcement, DMart has informed that Neville will not be offering his candidature for renewal as Managing Director and CEO at the conclusion of his current term in January 2026 – a year from now. This would be surprise to most as Neville has been a key driving force behind DMart’s success. In … Read more