Eveready Delays New Category Entry

07 May 2024 CW Team

Eveready Industries India Limited has decided to defer its entry into a new product category due to prevailing market uncertainties. The company had been contemplating diversification as part of its strategic growth plans, but recent economic conditions have prompted a reevaluation of its timeline.

The decision to postpone the entry into the new product category reflects Eveready's cautious approach in response to the evolving market landscape. Economic volatility and changing consumer behaviours have raised concerns about the feasibility and timing of such a move.

While Eveready remains committed to exploring new avenues for growth, the company is prioritising prudence and stability amidst uncertain market conditions. This delay allows Eveready to reassess market dynamics and ensure a more informed and strategic approach to diversification.

Industry analysts view Eveready's decision as a prudent move given the current economic climate. Uncertainties stemming from global events and domestic factors have increased risk factors for businesses, prompting companies to exercise caution in their expansion plans.

Despite the delay in entering the new product category, Eveready continues to focus on strengthening its existing portfolio and optimising its operations. The company remains vigilant in monitoring market trends and consumer preferences to capitalise on opportunities as they arise.

As Eveready navigates the challenges posed by the current economic environment, its decision to defer new category entry reflects a strategic approach aimed at safeguarding its long-term sustainability and growth prospects.

Infrastructure Urban

07 Oct 2025

RITES Bags Rs 362 Million Order From DVC

RITES Limited, a Schedule 'A' enterprise under the Government of India, has announced that it has received a major domestic work order from the Damodar Valley Corporation (DVC). The company disclosed the development in a filing to the BSE and NSE dated 2 October 2025. The total contract value stands at Rs 362 million (excluding GST).Under the agreement, RITES will provide comprehensive services for the DVC Mejia Thermal Power Station. The scope of work includes the Annual Maintenance Contract (AMC) for Railway Sidings tracks, Operation and Maintenance (O&M) of Signalling and Telecommunicat..

Greta Minerals Doubles WA Exploration Land, Targets Lithium Supply for India

Greta Minerals Pte, part of Singapore-based Greta Group, has expanded its exploration footprint in Western Australia to 1,550 sq km, up from 700 sq km acquired in 2024.Nitesh Chaudhari, Chairman of Greta Group, said, “We are very happy to expand our landholding, encouraged by initial results from Ultrafine+ soil sampling at Gecko North. The geological corridor appears promising for lithium, gold, and other critical minerals.”The Gecko North Project, 25 km northwest of Coolgardie, is one of seven critical mineral and gold projects under Greta Minerals (Australia) Pty, which now holds 37 gra..

Vedanta Extends Demerger Deadline to March 2026 Amid Pending Approvals

Vedanta, led by Anil Agarwal, has extended the deadline for its corporate demerger to March 31, 2026, as approvals from the National Company Law Tribunal (NCLT) and relevant government authorities are still pending, the company said in a regulatory filing. The deadline had earlier been extended from March 31, 2025, to September 30, 2025.The board stated, “Given that the conditions precedent in the Scheme, including NCLT approval and approvals from certain government authorities, are still in process, the timeline for fulfilment of these conditions has been extended to March 31, 2026.” The ..