India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
Rebranding move: JSW integrates Dulux into its paints portfolio. (Editorial image) Akzo Nobel India has officially been renamed JSW Dulux after receiving regulatory clearance, marking the final step in its transition following JSW Paints' acquisition of a controlling stake. NEW DELHI, March 12, 2026 -- Paints and coatings maker Akzo Nobel India has received approval from the Ministry of Corporate Affairs to change its corporate name to JSW Dulux Ltd. The MCA issued a fresh certificate of incorporation on March 11 formalising the change, completing a rebranding process that began after JSW Paints acquired a majority stake in the company in late 2025. Leadership and structural changes The company's board approved the renaming at a January 28 meeting that also reshaped senior management. Parth Sajjan Jindal was appointed non-executive chairman, while Rajiv Rajgopal assumed the role of joint managing director and chief executive officer. The company has amended its memorandum and articles of association and will use the label "Formerly Akzo Nobel India Limited" alongside its new name for the next two years as required under law. Ownership consolidation JSW Paints acquired a 60.76% stake in December 2025 through agreements with Imperial Chemical Industries and Akzo Nobel Coatings International. Following an open offer, its total holding rose to about 61.2%. The company will retain the Dulux brand, which has operated in India for decades, while aligning the business with JSW Group's broader expansion strategy in construction and infrastructure-linked sectors. Why this matters * Market consolidation: Strengthens JSW's position in India's competitive paints sector. * Brand continuity: Retaining Dulux helps preserve consumer recognition. * Strategic expansion: Signals JSW's broader ambitions in housing and infrastructure markets. FAQs Q1. Is the Dulux brand being discontinued? No. The Dulux brand will continue under the new corporate identity. Q2. Who leads the company now? Parth Sajjan Jindal is non-executive chairman and Rajiv Rajgopal is joint MD and CEO. Q3. When was the stake acquired? JSW Paints acquired its majority stake on December 10, 2025. Q4. How much does JSW Paints now own? Its shareholding stands at roughly 61.2% following the open offer. Q5. Will the stock ticker change? The ticker is expected to be updated by exchanges to reflect the new corporate name.
Mumbai, Jul 19 (PTI) India remains a key destination for overseas investments and is likely to attract USD 100 billion in foreign direct investments (FDIs) from the four-nation European bloc EFTA, Union Commerce and Industry Minister Piyush Goyal said on Saturday. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. Also Read | Bodoland Lottery Result Today, July 19, 2025: Assam State Lottery Sambad Saturday Lucky Draw Results Declared, Check Winners List With Ticket Numbers. Speaking at an Assocham Managing Committee meeting here, Goyal al ...Read More >
VMPLNew Delhi [India], November 14: The 9th Indian Cement Review Awards 2025 and the Multilogistix Awards 2025 concluded with a high-profile awards presentation at Yashobhoomi Convention Centre, New Delhi, recognising excellence across the cement and logistics sectors. The ceremony brought together industry leaders, policy makers, jury members and senior executives to honour outstanding performance, innovation, sustainability efforts and value creation over the assessment period.The Indian Cement Review Awards -- widely regarded as the sector's benchmark recognitions -- celebrated achievements ...Read More >
Kolkata, Mar 31 (PTI) Engineering major Texmaco Rail & Engineering Limited on Tuesday said it received a Letter of Intent (LOI) from JSW Group for manufacturing and supplying 20 rakes of freight wagons valued at approximately Rs 421.38 crore, inclusive of GST. The order comprises BLCS wagons, BLSS wagons, BFNV wagons, and BVCM brake vans, designed to support high-capacity container transport and efficient rail logistics operations, a statement said. Sudipta Mukherjee, Managing Director, Texmaco Rail & Engineering, said the order "further strengthens Texmaco's long-standing role in supporting ...Read More >
New Delhi [India], April 8 (ANI): Jayant Chaudhary, the Minister of State (Independent Charge) for Skill Development and Entrepreneurship and Minister of State for Education, on Wednesday initiated the campaign to build a Skills Outcomes Fund, a first-of-its-kind initiative aimed at unlocking aspirational livelihoods for youth from low-income backgrounds. The fund envisages mobilising public and private capital to scale outcomes-based financing (OBF) in India's skilling ecosystem, linking investments directly to verified employment outcomes. Also Read | IMT Manesar Strike: Authorities Impose ...Read More >
New Delhi, Jun 27 (PTI) JSW Paints, part of USD 23 billion JSW Group, on Friday said it will acquire majority controlling stake in Akzo Nobel India Ltd (ANIL), the maker of Dulux paints, for Rs 8,986 crore. It will acquire 74.76 per cent stake from its Dutch promoters/holding entities -- namely Imperial Chemical Industries and Akzo Nobel Coatings International BV -- for a consideration of Rs 8,986 crore, according to a statement from the JSW Group firm. "JSW Paints today (Friday) entered into definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India from Akzo Nobel NV a ...Read More >
Mumbai: JSW Paints has agreed to acquire Akzo Nobel's India business, valuing the company at Rs 12,000 crore (approximately $1.1 billion). This will make the paint-maker the fourth-largest in the now highly competitive domestic paints market. Ending months of negotiations, JSW has agreed to pick up 74.76% stake in the Akzo Nobel India for Rs 8,986 crore, an over 17% discount to Thursday's price. ET in its May 26th edition was the first to report that JSW had agreed for the billion dollar acquisition - its largest so far and had entered in "exclusive negotiations." "Akzo Nobel India is home t ...Read More >
New Delhi, Jun 27 (PTI) Shares of Akzo Nobel India jumped nearly 8 per cent on Friday morning trade after JSW Paints Ltd announced the acquisition of a majority stake in the firm for about Rs 9,000 crore. The company's market valuation climbed Rs 791.49 crore to Rs 15,330.69 crore. JSW Paints Ltd on Friday announced the acquisition of a majority stake in Akzo Nobel India for about Rs 9,000 crore. "JSW Paints Limited today entered into definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India Limited from Akzo Nobel N.V. and its affiliates, for a maximum consideration u ...Read More >
MUMBAI: JSW Paints, part of the diversified JSW Group, has signed a definitive agreement to acquire up to 74.76% stake in the larger rival and the Dulux-maker Akzo Nobel India for Rs 8,986 crore, marking one of the largest deals in the around Rs 90,000 crore domestic paints sector. The deal also involves an open offer and will pay the way the Dutch company to completely exit the country. The acquisition will make JSW Paints, which has not yet been able to make a clear mark in the paints segment even after six years, a major player in the decorative and industrial coatings space, subject to re ...Read More >
Akzo Nobel has revealed that its decision to partner with JSW Paints was based on a strategic vision to combine global expertise with strong local execution. The move positions JSW Paints to challenge India's top paint industry players. "We had options. It was really about finding not only the right home for our people but the right partner for our company, and we chose JSW," ET NOW quoted Akzo Nobel CEO Greg Poux-Guillaume as saying, explaining the rationale behind the decision. "It really is a ...Read More >
Mumbai, July 9 (SocialNews.XYZ) Asian Paints Limited on Wednesday said that it has sold its entire 4.42 per cent paid-up share capital, representing 20,10,626 equity shares, in Akzo Nobel India Limited. In a stock exchange filing, it said "The Company has, today, sold its entire holding of 20,10,626 equity shares in Akzo Nobel India Limited, representing 4.42 per cent of its paid-up share capital". For Rs 3,651 per share, the transaction was carried out in bulk, with a total deal value of roughly Rs 734 crore. "The sale was executed for Rs. 3,651 per share through the bulk deal mechanism," ...Read More >
Mumbai, Jul 9 (PTI) JSW MG Motor on Wednesday said the global shortage of rare earth magnets, a key component in motors used for electric vehicles, has not impacted its production currently and is unlikely to impact it in the immediate future, but it is keeping a close watch on the developments. The company, which launched its first premium car showroom, MG Select, in Thane in the Mumbai Metropolitan region, also said that the curbs by China on the supply of magnets have been impacting not only the EV makers but ICE (internal combustion engine) powered vehicle makers as well. Also Read | Kol ...Read More >
NEW DELHI: Former head of Air India and chairman of the Railway Board Ashwani Lohani is the new Prime Ministers Museum and Library (PMML) director. The official order for his appointment was issued on Wednesday. A 1980-batch officer of the Indian Railway Service of Mechanical Engineering (IRSME), Lohani is known for turning around various organisations during his illustrious career. Following his retirement from IRSME service, he joined the GMR Group as the CEO. According to the order dated June 4, his appointment to the post of director, Prime Ministers Museum and Library in the rank and pa ...Read More >
Bhubaneswar, Aug 19 (PTI) Odisha Chief Minister Mohan Charan Majhi on Monday said that South Korean steel major POSCO is all set to establish a 6 MTPA green field project in the state's mineral-rich Keonjhar district in a joint venture with the JSW Group. Welcoming the return of POSCO to the state, Mjahi said the JSW CEO met him during the day and confirmed that their plant will be set up in Keonjhar, the CM's home district. In 2005, POSCO signed an MoU with the Odisha government to set up a steel plant in Jagatsinghpur district at an initial investment of Rs 52,000 crore. However, the proje ...Read More >
New Delhi [India], March 31 (ANI): Texmaco Rail & Engineering Limited has secured a significant contract from the JSW Group for the manufacture and supply of freight wagons. According to Texmaco, the total value of the order stands at approximately Rs 421.38 crore, which includes Goods and Services Tax (GST). The base value of the contract, excluding taxes, is pegged at Rs 357.11 crore. The Kolkata-headquartered company received a Letter of Intent (LOI) from JSW Group Companies for the production of 20 rakes of freight wagons. The order comprises various specialized rolling stock, including B ...Read More >
Bhubaneswar, Apr 7 (PTI) Odisha Chief Minister Mohan Charan Majhi on Tuesday urged mining leaseholders and industries to increase mineral production to meet the growing demand for iron ore amidst the state's rapid industrialisation. Presiding over a high-level meeting with mining leaseholders and industrialists, Majhi assured that the government would provide full support for mining activities. He called for enhanced production and dispatch, in line with the minimum mandatory limits under the M ...Read More >
Bhubaneswar: The state govt on Tuesday received investment intent worth Rs 4.5 lakh crore on the first day of Utkarsh Odisha-Make in Odisha Conclave 2025, and given the massive response the event has generated, chief minister Mohan Charan Majhi feels they could see proposals worth four times than the target of Rs 5 lakh crore that had been set in the run-up to the business summit. "The investment proposals are likely to take a big leap as the investors are highly encouraged by the PM's assurances," Majhi said on a day his govt received over 100 investment intents and signed 54 MoUs in various ...Read More >
Akzo Nobel India acquisition: JSW Paints has agreed to acquire a majority stake in Akzo Nobel India, valuing the company at Rs 12,000 crore (approximately $1.1 billion), in a move that will make it the fourth-largest player in India's fast-growing paints market. According to a report by The Economic Times, JSW will acquire a 75% stake for Rs 9,000 crore -- a 17.4% discount to Thursday's closing price. ...Read More >
New Delhi, Jun 27 (PTI) Shares of Akzo Nobel India jumped over 7 per cent on Friday after Sajjan Jindal's JSW Paints announced the acquisition of Dutch paint maker Akzo Nobel's India unit in a Rs 12,915-crore deal. The stock surged 6.65 per cent to settle at Rs 3,405 apiece on the BSE. During the day, it jumped 10.66 per cent to Rs 3,533. On the NSE, shares of the firm zoomed 7.20 per cent to end at Rs 3,419 each. The company's market valuation climbed Rs 967.28 crore to Rs 15,506.48 crore. JSW Paints on Friday announced the acquisition of Akzo Nobel's India unit in a Rs 12,915-crore deal ...Read More >
Akzo Nobel India shares: Imperial Chemical Industries may sell up to a 9% stake via a block deal. The proposed transaction is estimated at about Rs 1,290.6 crore and is said to be priced at Rs 3,150 per share, a 13.1% discount to the current market price, which could trigger notable stock movement. Shares of Akzo Nobel India are expected to be in the spotlight on Wednesday, December 17, amid reports that Imperial Chemical Industries is likely to offload up to a 9% stake in the company through a block deal. The transaction, if executed, could lead to significant movement in the stock, given t ...Read More >
Mumbai (Maharashtra) [India], June 27 (ANI): JSW Paints Limited, on Friday, entered into definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India Limited (ANIL) from Akzo Nobel NV and its affiliates, for a maximum consideration under the Share Purchase Agreement of up to Rs 8,986 crores, subject to certain closing adjustments (Proposed Transaction). The Proposed Transaction is subject to approval from the Competition Commission of India and the completion of a mandatory tender offer (Open Offer) to the public shareholders of ANIL. Also Read | Bengaluru Shocker: Woman R ...Read More >
A young woman named Oleti Pushpa (22) was killed by her live-in partner Sheikh Shamma (22) in the Ambedkar Konaseema region of Andhra Pradesh, reported India Today. She was living with Sheikh for the past 6 months after she separated from her spouse. The incident took place in Siddhartha Nagar, B Savaram village of Rajolu mandal on 16th July. Shamma reportedly accused Pushpa of having affairs with other men. He forced her to engage in prostitution and frequently instigated fights with her when intoxicated. As per police, Shamma was addicted to ganja. On the fateful night, he against pressuri ...Read More >
Aug 18 (Reuters) - JSW Steel (JSTL.NS), opens new tab and South Korea's POSCO (005490.KS), opens new tab have entered a deal to explore setting up an integrated steel plant in India, the country's largest steelmaker by market capitalisation said on Monday. The steelmakers are yet to finalise the location and its financial details, but flagged that Odisha state is among the key locations being considered for the 6 million tonne per annum (MTPA) capacity plant. Last year, the two companies entere ...Read More >
New Delhi, Jun 27 (PTI) JSW Paints Ltd on Friday announced the acquisition of a majority stake in Akzo Nobel India for about Rs 9,000 crore. "JSW Paints Limited today entered into definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India Limited from Akzo Nobel N.V. and its affiliates, for a maximum consideration under the share purchase agreement of up to Rs 8,986 crore, subject to certain closing adjustments," the company said in a statement. PTI ANZ SHW ...Read More >
Mumbai (Maharashtra) [India], June 27 (ANI): JSW Paints Limited, on Friday, entered into definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India Limited (ANIL) from Akzo Nobel NV and its affiliates, for a maximum consideration under the Share Purchase Agreement of up to Rs 8,986 crores, subject to certain closing adjustments (Proposed Transaction). The Proposed Transaction is subject to approval from the Competition Commission of India and the completion of a mandatory tender offer (Open Offer) to the public shareholders of ANIL. JSW Paints is India's fastest growing ...Read More >
Mumbai: India's paintmakers must gird up for a tougher battle from two upstarts. Birla Opus, owned by billionaire Kumar Mangalam Birla, has already shaken up the nation's paints sector with its pricing war. Now, JSW Paints Ltd's ₹9,300-crore acquisition of Dutch giant AkzoNobel's India unit portends a tighter squeeze on the profitability of their peers as they battle to protect turf. The deal by JSW Paints, part of billionaire Sajjan Jindal's steel-to-cement empire, will not immediately change the competitive landscape as it merely changes ownership from a multinational to a local player, ac ...Read More >
New Delhi : Somany Ceramics Ltd., one of India's most respected names in building materials, has acquired a majority stake in Durabuild, a Delhi-based manufacturer of construction chemicals, marking its strategic entry into the rapidly expanding construction chemicals market. Founded in 1998 by the late Dr. Dhananjoy Ghanti, a pioneer widely regarded as India's first construction chemical chemist and currently spearheaded by Mr Rudrabir Ghanti, Durabuild brings with it a strong legacy of R&D-driven innovation. With a product portfolio of over 200 SKUs across waterproofing systems, concrete ad ...Read More >
Mumbai, Jul 19 (PTI) India remains a key destination for overseas investments and is likely to attract USD 100 billion in foreign direct investments (FDIs) from the four-nation European bloc EFTA, Union Commerce and Industry Minister Piyush Goyal said on Saturday. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. Speaking at an Assocham Managing Committee meeting here, Goyal also emphasised the need to stay competitive. Earlier, he said the free trade agreement between India and the EFTA will be implemented from October 1. The two sides ...Read More >
The JSW Group has lined up $70 billion of capital investments over the few years in sectors steel, cement, energy and paint besides an ambitious foray into automobiles. In a wide-ranging interview with Moneycontrol, Sajjan Jindal, Chairman and Managing Director, JSW Group spoke about the group's business roadmap, his passion for sports and how the Jindal brothers compete in business while maintain family ties. Edited Excerpts: Mr. Jindal, welcome to Moneycontrol. There is a lot of talk about private sector capex in India. Your group has announced plans for $70 billion of capex. Could you brea ...Read More >
New Delhi, Nov 4 (PTI) Berger Paints India Ltd on Tuesday reported 23.53 per cent decline in consolidated net profit at Rs 206.38 crore for September quarter FY26, on account of lower sales of exterior products and increased investments in brand building. The company had posted a net profit of Rs 267 crore in the July-September period a year ago, according to a regulatory filing from Berger Paints India. However, revenue from operations was up 1.9 per cent to Rs 2,827.49 crore in September quarter FY26. It was at Rs 2,774.61 crore in the corresponding quarter a year ago. "Profitability was ...Read More >
The Appointments Committee of the Cabinet (ACC) has approved significant appointments of senior Odia officers to top positions in the Government of India. IRS officer Ansuman Pattanaik (IT:94), currently serving as Director General of the Competition Commission of India, has been appointed as Additional Secretary in the Ministry of Corporate Affairs. His elevation reflects his expertise in regulatory and corporate governance matters. IAS officer Chandra Sekhar Kumar (OR:92), serving as Secretary in the Ministry of Minority Affairs, has been appointed as Chief Executive Officer of the Nationa ...Read More >