ICICI Securities on Wednesday released an analytic report, Akzo, a paints & coatings company. The report highlighted the company’s successful expansion in its market share while facing challenging conditions. The report underlines Akzo’s recent initiatives, including increased investments in advertising and brand building, as well as the launch of premium products, positioning the company as […]
Tata Chemicals on Tuesday said that the company has re-appointed R Mukundan as the managing director (MD) and chief executive officer (CEO) for the period of five years with effect from 26 November 2023. The company in its stock exchange said the appointment was based on the recommendation of the nomination and remuneration committee and […]
Tamil Nadu government has extended the ban on — manufacturing, storage, transport, distribution or sale of chewable food products, such as Gutkha and Pan masala, which contain tobacco and nicotine as ingredients – for one more year. The Commissioner of Food Safety and Drug Administration, Tamil Nadu said the order will apply from 23 May […]
Indian IT and business services market was valued at USD 13.87 billion and recorded a 7.4 per cent year-on-year growth in 2022 as compared to 7.2 per cent in 2021, according to International Data Corporation (IDC). International Data Corporation (IDC), a global market intelligence and advisory services provider, attributed the rise in growth rate to […]
The transformative shift brought about by technology has positioned the retail sector in India along a new trajectory. More and more retailers are embracing innovative solutions and technology-driven approaches to stay competitive and resilient. One such trend that is witnessing increased adoption in the retail sector is hyperautomation. Combining various technologies including low-code, artificial intelligence […]
Akzo Nobel India, a paints & coatings company and maker of Dulux Paints, on Tuesday reported a 28 per cent year-on-year (YoY) increase in its net profit at Rs 95.4 crore for the quarter ended on 31 March 2023. The company’s revenue from operations also grew by 10 per cent YoY at Rs 951.4 crore […]
Line pipes maker Welspun Corp has announced its associate company, East Pipes Integrated Company for Industry (EPIC) in the Kingdom of Saudi Arabia (KSA), has signed a contract for the supply of large diameter steel pipes with Saudi Aramco for a total value exceeding Saudi Riyal (SAR) 1.8 billion (Rs 4,000 crore approximately) inclusive of […]
The government has notified new testing parameters for cough syrups to be exported from India and said these will require the production of a Certificate of Analysis (CoA) from specified laboratories. The changes in the export of syrups will be effective from June 1. “Cough Syrup shall be permitted to be exported subject to the […]
For the March quarter, Amara Raja Batteries reported a combined net profit after tax (PAT) of Rs 139 crore. According to the statement, this is a 40.61 per cent increase from Rs 98.85 crore a year earlier. The company’s consolidated income from operations increased by 11.37 per cent to Rs 2,429 crore in the March […]
The rating agency Icra estimated the organised jewellery retailers in India to continue to outpace the industry in FY2024, aided by planned store additions by a majority of large jewellery retailers and market share gains due to the accelerated formalisation of the industry. The rating agency estimated its sample set of 12 major organised jewellers […]
