JK Cement Rise on Arm Acquires 60% Stake in Acro Paints

11 Jan 2023 CW Team

JK Cement increased 1.19% to 2.90685 million following the acquisition of a 60% stake by Acro Paints (APL), a wholly owned subsidiary of JK Paints & Coatings (JKPCL), at the first tranche of 1,530 million.

APL was formed on May 18, 1989, and began producing paints and chemicals for building, with a financial turnover of Rs 720.5 million in 2021–2022.

JKPCL is a step-down subsidiary of the corporation and an affiliate of APL. Within a year, the transaction is anticipated to be finished.

The cement company will produce and market cement and products linked to cement. Despite a 17.6% increase in net sales to 22279.5 million in the July–September quarter of FY23 compared to the July–September quarter of FY22, the net profit decreased by 25.7% to 1123.8 million on a consolidated basis.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..