Surya Roshni Invests Rs 1,800 Cr For Growth, Sustainability
Surya Roshni invests Rs 1,800 crore to drive expansion, sustainability, and innovation across India
Companies
FMCG
National
News
Indian Steel Exporters Face Profit Squeeze As EU’s Carbon Border Tax Looms
- by BW Retail World Bureau
- March 22, 2024
Indian steel companies exporting to the European Union (EU) are facing significant challenges as the implementation of the carbon border adjustment mechanism (CBAM) in 2026 threatens to dent their profitability by up to 30 per cent. The CBAM, scheduled to come into effect in 2026, aims to shield domestic manufacturers in six sectors, including iron […]
Brands
Companies
Electronics
News
Apple Expands Presence In India With New Bengaluru Office
- by BW Retail World Bureau
- January 18, 2024
Apple on Wednesday unveiled its newest office in Bengaluru, Karnataka. Nestled at the heart of the city in Minsk Square, the 15-storey facility is Apple’s latest effort at expansion in India. The Minsk Square office is equipped to house up to 1,200 employees, featuring dedicated lab spaces, collaborative areas and the renowned Caffe Macs. Its […]
Brands
Companies
Finance
News
UltraTech Cement Acquires 26% Stake In Amplus Ages
- by BW Retail World Bureau
- January 12, 2024
UltraTech Cement has disclosed its decision to acquire a 26 per cent stake in Amplus Ages by investing Rs 49 crore. Amplus Ages is actively involved in the generation and transmission of renewable energy. The Aditya Birla Group firm formalised the agreement through a share subscription and shareholders’ agreement, according to the regulatory filing. The […]
Brands
Companies
News
Jindal Stainless Seeks Customs Duty Exemption For Ferro Nickel, Ferro Molybdenum Access
- by BW Retail World Bureau
- January 6, 2024
Ahead of the Budget 2024-25, Jindal Stainless stated that it is seeking the continuation of zero customs duty on stainless steel scrap, steel scrap, and pure nickel. In his Budget recommendation, Jindal Stainless’ Managing Director, Abhyuday Jindal, said, “As we approach the Union Budget for 2024-25, we request continued support from the Ministry of Steel. […]
National
News
India Eyes Increased Soybean Oil Supply Amid Global Shifts
- by BW Retail World Bureau
- January 2, 2024
In a pivotal year for Latin American soy production, Argentina and Brazil are set to drive significant growth in soybean crushing volumes in 2024. This surge, propelled by Argentina’s crop recovery and Brazil’s higher biodiesel mandate, is poised to reshape global soybean dynamics, as per S&P Global. India, a major consumer of vegetable oils, is […]
Brands
Companies
Finance
News
Ambuja Cements To Invest Rs 6,000 Cr In 1,000 MW Green Power
- by BW Retail World Bureau
- December 18, 2023
Ambuja Cements, a key player within the Adani Group specialising in cement and building materials, has announced a substantial investment of Rs 6,000 crore dedicated to renewable energy projects. Their ambitious goal is to establish a robust capacity of 1,000 MW by leveraging solar and wind power initiatives. This investment plan spans across strategic locations […]
Economy
Government
Manufacturing
National
News
Manufacturing Sector Significantly Contributing To Economy: FM
- by BW Retail World Bureau
- December 8, 2023
Finance Minister Niramala Sitharaman on Thursday said that the manufacturing sector is contributing significantly to the economy following government initiatives and noted that India’s second-quarter growth this year was the highest in the world. Replying to a short-duration discussion on the “economic situation in the country” in the Rajya Sabha, Sitharaman said there was sustained […]
Brands
Companies
Finance
News
UltraTech Cement To Invest Rs 13,000 Cr To Increase Capacity
- by BW Retail World Bureau
- October 30, 2023
UltraTech Cement is all set to invest Rs 13,000 crore to increase the capacity by another 21.9 mtpa with a mix of brownfield and greenfield projects, taking its total capacity to 182 MTPA after completion. Kumar Mangalam Birla, Chairman, Aditya Birla Group, said, “Over the past seven years, UltraTech has strategically invested over INR 50,000 […]
Brands
Companies
Electronics
Manufacturing
News
Lisa Jackson Shares Apple’s Road Map To Green Apple
- by BW Retail World Bureau
- September 21, 2023
Apple shared its ambitious vision to become carbon neutral across its entire business, including its manufacturing and supply chain, by 2030. The company’s Vice President of Environment, Policy and Social Initiatives, Lisa Jackson, discussed the challenges and strategies behind this commitment in an interview with TechCrunch. He said that to achieve carbon neutrality, Apple will […]