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Surat (Gujarat) [India], September 27 (ANI): Surat is set to witness a major boost in growth and connectivity with the upcoming Bullet Train station. The station has been thoughtfully designed with a strong focus on passenger comfort and convenience. Soothing interiors, natural lighting through skylights, and well-ventilated platforms will ensure a calm and pleasant travel experience. The station is equipped with modern passenger amenities like a waiting lounge, nursery, restrooms, retail outle ...Read More >
Oil Marketing Companies (OMCs) saw a significant reduction in LPG under-recoveries during Q1 FY26, decreasing by approximately 35% due to price hikes and moderated sourcing costs. Despite this improvement, under-recoveries remained substantial, leading to a cumulative burden. The LPG under-recovery for Oil Marketing Companies (OMCs) witnessed a sharp decline in the first quarter of FY26, narrowing by nearly 35 per cent quarter-on-quarter, according to a report by Care Edge Ratings. The report ...Read More >
VISAKHAPATNAM: The depression over northwest and adjoining west-central Bay of Bengal and north Andhra Pradesh - south Odisha coasts moved north-north-westwards and crossed South Odisha coast close to Gopalpur during early morning of Tuesday and lay cantered over south coastal Odisha. Weatherman said it was likely to move north-westwards across south Odisha and south Chhattisgarh and weaken into a well-marked low-pressure area during next few hours. Under its influence, thunderstorms accompani ...Read More >
NELLORE: With urea supplies meant for agriculture facing the risk of diversion to industries, officials in Prakasam district have been asked to step up surveillance and carry out inspections across multiple sectors. According to the agriculture department, the district requires 54,468 metric tonnes of urea for the current kharif season (April-August). So far, 34,051 MT has been supplied, of which 30,565 MT has already been sold. Another 30,597 MT remains available for farmers. Departments have ...Read More >
Mysuru: Additional deputy commissioner P Shivaraju urged devotees to celebrate Ganesh Chaturthi in an eco-friendly and harmonious way.Presiding over a meeting on the Ganesha festival held at the deputy commissioner's office, he highlighted the importance of using eco-friendly clay Ganesh idols to avoid environmental harm. He warned that idols made of plaster of paris (PoP) and painted with colours release toxic chemicals into waterbodies like lakes, wells, and streams when immersed, which is har ...Read More >
Mumbai: The BMC is set to begin structural strengthening work on the Parel TT flyover in October this year. To minimise traffic inconvenience, the repairs will be carried out in phases by closing one lane at a time. The repair work was originally planned two years ago but was deferred as the Delisle Road Bridge in Lower Parel was still under reconstruction at the time. Undertaking both projects simultaneously would have worsened traffic congestion in central Mumbai. Constructed in 1980, the Pa ...Read More >
Indian stock market benchmarks -- the Sensex and the Nifty 50 -- closed lower on Thursday, 17 July, amid profit booking in select heavyweights including Infosys, HDFC Bank, and Reliance Industries. The Sensex declined 375 points, or 0.45%, to settle at 82,259.24, while the Nifty 50 fell 101 points, or 0.40%, ending the day at 25,111.45. Why it's recommended: After recent selling pressure, Tata Steel has shown a strong pullback and broken above the upper trendline of a falling wedge pattern -- ...Read More >
PRNewswire Chandigarh [India], July 15: Chandigarh University, India leading private university, in collaboration with job platform Apna and investment firm Venture Catalysts (VCats) have launched Campus Tank, India first university-led Startup launch-pad for young innovators below the age of 30 to pitch their ideas and get funding of $1 Million to launch their startups along with expert venture guidance, strategic ecosystem alliances and immersive startup incubation. APNA which is India larges ...Read More >
Mumbai, July 15 (SocialNews.XYZ) Kolkata-based Himadri Speciality Chemical Limited on Tuesday reported a year-on-year (YoY) revenue decline of 6.84 per cent, with total revenue falling to Rs 1,118.29 crore in Q1 FY26 from Rs 1,200.41 crore in Q1 FY25. On a quarter-on-quarter (QoQ) basis too, revenue slipped by around 1.44 per cent, compared to Rs 1,134.64 crore in Q4 FY25, according to its stock exchange filing. Additionally, Anurag Choudhary-led company's total income followed suit and declin ...Read More >
BENGALURU: Isro has successfully completed the development of the Service Module Propulsion System (SMPS) for the Gaganyaan human spaceflight mission, marking a milestone in the programme's progress. The qualification test programme concluded with a full-duration hot test of the SMPS that lasted 350 seconds. "The test, conducted on July 11, validated the propulsion system's integrated performance for an off-nominal mission profile involving a service module-based mission abort. The system perfor ...Read More >
Ahmedabad (Gujarat) [India], July 8 (ANI): The Adani Group on Tuesday launched the third film in its #HumKarkeDikhateHain campaign, titled 'Story of Suraj'. This film underscores the group's mission to drive sustainable progress through clean energy initiatives, transforming communities across the nation.The story of Suraj paints a picture of a town transformed by Adani's solar energy solutions. The film follows a character, Rakesh, who returns to his hometown after years and is moved by the dra ...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 ...Read More >
New Delhi, Jul 2 (PTI) Shares of Asian Paints declined by nearly 2 per cent on Wednesday morning trade after the Competition Commission of India (CCI) ordered an investigation against the firm for allegedly abusing its dominant position in the market for manufacturing and sale of decorative paints. The direction follows a complaint filed by Grasim Industries (Birla Paints Division), which accused Asian Paints of engaging in exclusionary practices aimed at stifling its entry and growth in the In ...Read More >
Mumbai: Billionaire Sajjan Jindal plans to take JSW Paints public through a reverse merger with the listed Akzo Nobel India after completing the acquisition of the Dulux paints manufacturer. The Jindal family will retain a controlling stake in the combined entity, which will also include private equity investors and public shareholders. The private equity funds' involvement stems from their role in financing the Rs 13,336-crore Akzo Nobel India acquisition. Once listed, Jindal will have six publ ...Read More >
New Delhi: The Competition Commission of India (CCI) on Tuesday directed an investigation into Asian Paints for the latter's alleged abuse of its dominant market position. The regulator's move follows a complaint by Grasim Industries (Birla Paints Division) accusing Asian Paints of engaging in anti-competitive practices to stifle its growth in the decorative paints segment . Grasim has alleged that Asian Paints is offering extra discounts and incentives to dealers in exchange for exclusive tie ...Read More >
New Delhi, Jul 1 (PTI) The Competition Commission of India (CCI) on Tuesday ordered an investigation against Asian Paints for allegedly abusing its dominant position in the market for manufacturing and sale of decorative paints. The direction follows a complaint filed by Grasim Industries (Birla Paints Division), which allegedly accused Asian Paints of engaging in exclusionary practices aimed at stifling its entry and growth in the Indian decorative paints segment. "The Commission is of the op ...Read More >
Mumbai, Jul 1 (PTI) JSW Paints aims to significantly increase its market share in decorative and industrial coating segments, following the acquisition of Akzo Nobel India Ltd, the makers of Dulux paints, a top company official said. Last week, JSW Paints announced the acquisition of 74.76 per cent stake from the Dutch promoters of Akzo Nobel India Ltd (ANIL) for a consideration of Rs 8,986 crore and announced an open offer of up to Rs 3,929.06 crore. JSW Paints, part of Sajjan Jindal-led USD ...Read More >
Mumbai: MARS Growth Capital has infused an additional $50 million in Infra.Market and extended the term of its existing financing of $100 million by five years as the building materials platform prepares for an initial public offering later this year. MARS, a joint venture between private credit firm Liquidity and MUFG Bank, has invested about $150 million in the IPO-bound company with this transaction, Infra.Market said in a statement on Monday. The first tranche of $100 million, which had ...Read More >
Hyderabad: Thousands of devotees of Lord Jagannath enthusiastically participated in the Jagannath Rath Yatra organised by the ISKCON temple at Abids. Chanting slogans of 'Jai Jagannath', they joined the divine journey of the deities on their chariots on Friday. The city's famous ISKCON Temples took out grand processions from their respective temples, with the lanes beautifully decorated with traditional rangoli. The magnificent chariot carrying Lord Jagannath, along with Balarama and Subhadra, ...Read More >
MUMBAI: JSW Paints will acquire about 75% stake in Dulux-owner Akzo Nobel's India unit for Rs 9,407 crore ($1.1 billion) - marking the country's biggest deal in the sector amid growing competition. The acquisition will position JSW Paints, established by steel tycoon Sajjan Jindal in 2019, as the fourth largest player in the industry dominated by Asian Paints, Berger Paints, and Kansai Nerolac. The industry saw a new entrant in 2024 when Aditya Birla Group launched Birla Opus.JSW Paints plans to ...Read More >
New Delhi [India], June 28 (ANI): In a continuing crackdown under Operation Chakra-V, the Central Bureau of Investigation (CBI) conducted coordinated search operations at multiple locations in Ahmedabad and Mumbai on June 25 in connection with a transnational cyber extortion case, the probe agency said on Friday. CBI said that the searches led to the recovery of incriminating evidence. The main suspect behind a transnational cyber extortion syndicate was arrested on June 26 in Mumbai. Also Rea ...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 ...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. ...Read More >
Bhopal, June 27 (UNI) In a bizarre incident, 19 vehicles of Madhya Pradesh Chief Minister Dr Mohan Yadav's convoy broke down together after diesel allegedly mixed with water was filled in their tanks at a fuel station in the Ratlam district of the state late Thursday night. Authorities carried out an inspection of the fuel station, and subsequently it was sealed. The stalled vehicles, mostly Toyota Innovas, had to be towed away and a replacement fleet was summoned hurriedly from Indore, to be ...Read More >
New Delhi: 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 ...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 ...Read More >
New Delhi, Jun 27 (PTI) Sajjan Jindal's JSW Paints on Friday announced acquisition of Dutch paint maker Akzo Nobel's India unit in a Rs 12,915-crore deal to become the fourth-largest player in the paint industry in the country. JSW Paints will buy a 74.76 per cent stake in Dulux paint-maker Akzo Nobel India for Rs 8,986 crore and launch an open offer to buy another 25 per cent from open market for up to Rs 3,929.06 crore. "JSW Paints today (Friday) entered into definitive agreements to acquire ...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 t ...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 acquis ...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 ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.