UltraTech, led by Kumar Mangalam Birla, intensifies efforts to acquire Orient Cement from CK Birla, aiming to enhance its market presence in southern and western India.
Experts say the focus on launching new products, coupled with good deals and enhanced distribution, should help brands during the festive season.
The brokerage firm suggest that categories such as fans, lighting, refrigeration and air conditioning, and kitchen appliances are set to benefit in the latter half of FY24 and FY25.
The ceiling fans market across the globe grew from $9.48 billion in 2022 to $10.09 billion in 2023 at a compound annual growth rate of 6.4%.
European markets were lower on Monday after US Fed Chair Jerome Powell signalled higher interest rates would likely persist in a bid to tame soaring inflation. All sectors and major bourses slipped into negative territory. Tech stocks led the losses, down over 2%. Stocks in the spotlight today – Thyrocare, Orient Cement and BLS International. On the show today we try to decode whether the current market mood is a minor hiccup in the bull run or a deeper correction awaits?
Raymond Bickson is trying to change the Taj hotels' operating model, but first the chain will have to learn to get out of its comfort zone.
In an interview to CNBC-TV18, ML Pachisia, managing director, Orient Papers & Industries gives his views on the company's Q3 performance. The company's Q3 net profit was down at Rs 14.6 crore versus Rs 42.4 crore, year-on-year, YoY.