BUSINESS
Adani, Birla enter wires and cables market, but cracking distribution holds the key
The share of branded players increased to around 74 percent in FY23 from 61 percent in FY14 and is expected to rise to 80 percent by FY25, according to Motilal Oswal Financial Services.
BUSINESS
Running Late: India's first hydrogen train likely to be launched by June following tech snags
Modifications to the hydrogen train, which is expected to run on the heritage Kalka-Shimla route, will take around two-three months along with testing, following which the train will be launched for commercial use.
BUSINESS
Karat and shift: Sky-high gold prices see buyers turning to affordable jewellery
Gold prices hit fresh record highs on March 20 amid safe-haven buying as investors turned positive on exchange-traded funds due to recession fears in the US.
BUSINESS
Tata steel says nine individuals injured due to accident at Kalinanagar steel plant, flags no impact to production
The incident occured at the steel smelting shop of the integrated steel plant at around 11:30 am, the company said without mentioning the specifics of the incident.
BUSINESS
Analysts mixed on steel duties; EBITDA/tonne may rise, but price hike window limited
Analysts said that as a result of the duties, which are still to be approved by the Union Ministry of Commerce, the earnings before interest, taxes, depreciation, and amortisation (EBITDA) per tonne for steel, a key competitive metric, may increase for steelmakers. However, they also noted that prices had already been increasing for various steel products in anticipation of DGTR's safeguard duty investigation wrapping up
BUSINESS
More trouble for Diageo as CAG points to lapses in liquor quality control in Delhi
In a report on Delhi Liquor policy, CAG has pointed out that Delhi's excise department issued licenses to wholesalers despite compliance lapses.
BUSINESS
Trump's Tariff War: Big steel companies bat for protectionism while smaller players want no import tariffs
Even as steeper tariffs on steel imports into the US came into effect on March 12, India is caught in a fight between the steel biggies and the smaller manufacturers over a safeguard duty.
BUSINESS
Retailers bet big on small stores to battle e-comm, q-comm surge
Smaller box stores — those under 15,000 square feet — are growing at double-digit rates, while larger outlets (over 15,000 square feet) are declining.
BUSINESS
Mahanagar Gas taps two-wheeler OEMs for supply of EV batteries
Earlier this year, Mahanagar Gas tied up with US- based International Battery Company to set up a cell manufacturing facility in Karnataka
BUSINESS
Over 90% F&O traders losing, NSE's derivative contracts still 40x the next exchange, says SEBI's Ananth Narayan
Sebi's Ananth Narayan added that options activity in the derivatives market, especially on expiry days, must be reduced and that SEBI has taken recent steps to curb 'overtrading.'
BUSINESS
JSW-backed O2 power to invest Rs 43,000 cr in renewable projects across Rajasthan, Bihar
Projects in both states are expected to create 200 direct jobs, and production is slated to begin by 2027. The capex announcement comes at a time when raw materials for solar projects, such as cells, are available at much cheaper costs.
BUSINESS
Acme Solar accelerates Rs 17,000 cr 5GW expansion amid falling material costs
The under construction portfolio will have 3.5 GW of FDRE and hybrid capacities. Acme plans to add 350 MW capacity in the January-March quarter, including solar and wind
BUSINESS
Small and mid-sized cement players struggle as market leaders tighten their grip
Although the industry anticipates an upward trend in cement prices, driven by rising rural consumption supported by improved farm cash flows, executives caution that intensifying competition could limit significant price gains.
BUSINESS
Cooling industry warms up for a scorching summer
The companies have indicated that demand in the cooling and water segment would remain strong, led by the infrastructure, industrial, and real estate sectors.
BUSINESS
Crompton Greaves hopes for gains in fan, cooler segments as early summer boosts demand
Crompton says that it is well-prepared for the summer, having stocked up on fans and air coolers to prevent a repeat of last year’s supply challenges. The company currently holds about 28 per cent of the market share in the category.
BUSINESS
HUL taps AI for its Shikhar app to help kirana stores to lure more buyers to shops
The app, launched in 2017, boasts close to 1.4 million stores and is used across the country by urban and rural retailers. The maker of Surf Excel and Clinic Plus derives 75 percent of its revenue from the Kirana store sales.
BUSINESS
Top paint cos Asian Paints, Berger Paints revamping cost structures to protect margins
The slew of measures come as most paint players reel under the slowdown which started to impact earnings since the fourth quarter of FY24, amid rising crude prices and weakness in demand for the decorative paints segment, especially in the urban market.
BUSINESS
Indian jewellers stare at reduced margins as gold leasing rates surge
Gold leasing rates refer to the interest rates charged on leased gold when jewellers or manufacturers borrow gold, often from banks or bullion traders, instead of purchasing it outright. Banks in import-dependent India source gold from overseas banks and extend it as loans to jewellers.
BUSINESS
Hindalco sees neutral-to-positive impact on its US business from Trump tariff
Novelis, its US subsidiary that supplies premium aluminium sheet and foil products to the beverage can, automotive, aerospace and speciality markets, could actually benefit, said MD Satish Pai. The effect on parent Hindalco would be minimal since the US market constitutes a minuscule part of its exports.
BUSINESS
Hindalco Q3 net profit rises 60% to Rs 3,735 crore, boosted by India business
Hindalco Q3 results: Consolidated revenue rises 11% to Rs 58,390 crore
BUSINESS
Trump tariffs won't hit steel exports, dumping a concern, says Jindal Stainless MD
Abhyuday Jindal says Trump's steel tariffs level the playing field and also dismisses concerns about the impact on the US business
BUSINESS
Dabur, Tata Consumer change strategies amid the ongoing cola wars
While new entrant Reliance Consumer Products has priced its Campa Cola at Rs 10 for a 200 ml bottle, it is yet to spark worries in the carbonated space. However, its impact has trickled down to the non-carbonated drinks category, forcing the established players in the segment to readjust their pricing strategies.
BUSINESS
Jindal Stainless awaits clarity on impact of Trump’s fresh tariffs
The stainless steel maker primarily exports to Europe and the United States, but is now expanding into Japan, Southeast Asia and the Middle East to offset declining volumes amid weak demand and geopolitical uncertainties. In Q3FY25, exports contributed only 8 per cent of the company's sales.
BUSINESS
US metal tariffs may hit Indian steel firms, but Hindalco-backed Novelis could be a key beneficiary
While India is not a major exporter of primary steel or aluminium to the US, analysts said that local manufacturers could feel the pinch if excess steel capacity in China and South Korea is directed towards India.
