New Delhi, September 19: Leading piping and plumbing manufacturer Apollo Pipes Limited’s subsidiary, Apollo Ceramics Limited, has acquired a 76% stake in Morbi-based Mazzini Tiles for ₹40.42 crore, as the company aims to move beyond its core competencies. The acquisition marks Apollo’s first step into the ceramic tile segment, as it aims to leverage Mazzini Tiles’ extensive distribution network and strong brand presence in the home improvement and construction sectors. The acquisition is within the company’s commitment to invest up to ₹300 crore in its ceramics division, with Mazzini offering an annual production capacity of 72 lakh sq metres and…
Author: Abizar Attari
Abizar Attari
Abizar has been writing before AI started to take over your lives! His expertise lies in analysing diverse perspectives and simplifying them for laymen. Beyond writing, storytelling and editing, he enjoys running, learning and enjoying the outdoors.
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Omaha, September 18: In a move marking the end of a long-standing legacy, Berkshire Hathaway’s chairman Warren Buffett has officially announced his retirement, with his son Howard taking his place. Warren will continue to sit on the board as a chairman emeritus. The Board of Directors confirmed the same on Friday, fulfilling a long standing succession plan designed to preserve the unique corporate culture of the company. Howard Buffett, who has served on the board since 1993, is expected to serve as a non executive chairman, focusing on maintaining the company’s values rather than the day to day operations. Greg Abel…
New Delhi, September 18: The Food Safety and Standards Authority of India (FSSAI) has filed three separate adjudication cases against Nestlé India, initiating legal action after its infant nutrition products were not compliant with the rules. During lab testing, a sample of Nestlé’s follow up formula was found to be substandard as its biotin content was not at an acceptable limit. A referral lab re-analyzed the sample and confirmed the same uner the 2020 regulations. Besides this, FSSAI flagged promotional materials on e-commerce platforms that misled customers. This included marketing descriptions relating to “5 HMOs” (Human Milk Oligosaccharides) and “Whey…
New Delhi, September 18: Cement manufacturer Dalmia Bharat Limited has incorporated a new step down subsidiary, AMPL Green City Solutions Private Limited, as it looks to venture into the growing waste management sector. Dalmia Bharat has been at the forefront of sustainable cement manufacturing, having a 84% share in the low carbon blended cement market. Given that Dalmia Bharat has doubled its production capacity in the past ten years, it is now working to expand on this by venturing into the waste management sector. As of now, the company has just incorporated the subsidiary, with no further announcements made, but…
New Delhi, September 17: LG Electronics India’s latest move to enter the commercial chest freezer segment has triggered a positive in the market, with shares rising as much as 3%. This expansion is expected to affect the market position of incumbents Haier, Voltas and Blue Star who have dominated the sector so far. For LG, this expansion is aiemd to capture a substantial share of the growing demand for commercial cooling solutions from the retail, hospitality and food and beverage industries. The new lineup features a range of six convertible models aimed at offering a versatile range of cooling options…
New Delhi, September 17: Specialty chemicals and ethanol manufacturer Gulshan Polyols Limited has announced a ₹250 crore Qualified Institutional Placement (QIP) as it looks to strengthen its manufacturing capacity. The capital raise is aimed at expanding its ethanol plant and overall manufacturing capacity to align with the increasing demand for Ethanol under the Ethanol blending program. By strengthening its production infrastructure, Gulshan Polyols aims to strengthen its market position and boost its operational efficiencies. The announcements came after the 26th Annual General Meeting (AGM) where the company has also announced a dividend of ₹1.50 per share, as a gesture of confidence…
New Delhi, September 16: Newly listed cable manufacturer Susan Electricals has finalized an agreement to acquire 1.96 hectares of land in Baghpat, Uttar Pradesh, for a total consideration of INR 22 crore. This acquisition is aimed at strengthening its operational footprint and meeting the evolving needs of the industrial sector. After raising ₹70.38 crore on the bourses in June 2026, this development is aimed at scaling up its industrial requirements to scale up its manufacturing capacity. By increasing its production volume, Susan Electricals aims to maintain its competitive edge and ensure a steady supply of high-quality electrical components to its…
India’s defence manufacturing sector has been quite buoyant given the emphasis on Aatmanirbharta in defence production. For Ankur Shah, the Managing Director of Krishna Defence and Allied Industries Limited (KDAIL), this represents a strong growth opportunity, though meeting stringent expectations and specifications while dealing with long procurement cycles remains a constant challenge. “The biggest adjustment has been learning to balance patience with decisiveness,” Shah explains. “In defence, a commercial discussion can involve detailed qualification, testing, and evolving specifications before it translates into an order. Short-term signals do not always reflect long-term opportunity. I have therefore focused on building capabilities that…
In today’s world, people are willing to shell out a premium for an experience of a lifetime. This could be a relaxing getaway with friends or loved ones, or just a professionally managed environment that encourages innovation and networking. For Laksh Dembla, this has meant designing environments where people can genuinely step away from screens and connect, offering a standout experience that they would cherish forever To enable him to do this Dembla aligns these requirements to his civil engineering degree, allowing him to shape his perspective across hospitality, entertainment and curated events. “I tend to look at things as…
Kolkata, September 16: India’s leading storage battery manufacturer, Exide Industries Limited, has announced an agreement with Germany-based ExCom Energy Solutions GmbH. Under this agreement, ExCom will use its strengths and customer reach in the European Economic Area (EEA) to offer Exide India’s domestically manufactured advanced industrial battery solutions in the market. This would leverage ExCom’s established network and localized expertise to drive market penetration and brand visibility. Beyond this, ExCom will manage customer development, logistics, and comprehensive after-sales services, ensuring that European clients receive seamless technical support and maintenance. For Exide, this agreement strengthens its overseas presence through a local…
