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
In a significant decision, United Breweries (UBL) has suspended supply of it’s beer to Telangana Beverages Corporation Limited (TGBCL) with immediate effect. (TBCL is a public sector company that controls the sale of alcohol in Telangana. It has a monopoly on the wholesale and retail sale of alcohol in the state, including IMFL and beer) … Read more
Nishant Pitti, one of the three promoters has decided to sell his balance 14.21% stake in the Company. He is expected to sell it @15.6/ share i.e., Rs 780 cr via block deal. The Current trading price is Rs 17/ share. Various Institutional Investors such as CRAFT Emerging Market Fund PCC – Citadel Capital Fund, … Read more