Cupid Gets Board Nod For FMCG Plant In Saudi Arabia

05 Jan 2026 CW Team

Cupid Limited has received in-principle approval from its Board of Directors to set up a new fast-moving consumer goods manufacturing facility in the Kingdom of Saudi Arabia. The proposed investment marks an important milestone in the company’s international expansion strategy and strengthens its global manufacturing footprint.

The proposed facility is aimed at supporting Cupid Limited’s FMCG growth strategy by strengthening its presence in overseas markets, beginning with the Gulf Cooperation Council region. Once operational, the plant is expected to enhance regional supply capabilities, shorten time-to-market and ensure improved product availability across Saudi Arabia and other GCC countries.

The project is proposed to be funded through the company’s internal accruals and will be taken forward after the completion of detailed evaluations and receipt of the necessary regulatory and statutory approvals.

By establishing a manufacturing base closer to key international markets, Cupid Limited aims to deepen its FMCG footprint globally while improving service efficiency and responsiveness across the region.

Real Estate

28 Feb 2026

Casagrand Launches Keystone In Tiruppur

Casagrand has launched Casagrand Keystone, a gated residential development at Rakkiyapalayam, off Avinashi Road, in Tiruppur. Spread across 2.2 acres, the B+G+5 structure comprises 142 units of 2 and 3 BHK homes, supported by 48 indoor and outdoor amenities. The project is introduced at a starting price of Rs 5,199 per sq. ft. The development allocates 1.3 acres to open space, including a central park of about 24,500 sq. ft. A 6,800 sq. ft. clubhouse includes a multipurpose hall, mini theatre and indoor recreation facilities. Other amenities include a 5,100 sq. ft. swimming pool, poolside par..

Premium homes account for half of India’s housing sales in 2025

Knight Frank India, in its latest report on India’s office and residential property market, has highlighted a significant shift in housing demand, with homes priced above Rs 10 million accounting for 50 per cent of total residential sales across the top eight cities in 2025. The findings underscore the growing dominance of premium housing in the country’s real estate landscape.Out of 348,247 residential units sold during the year, approximately 175,091 units were in the Rs 10 million-plus category, marking a 14 per cent year-on-year increase. The data reflects changing buyer preferences, w..

Xbattery launches XB-5K energy storage system for homes, offices

Xbattery, a Hyderabad-based deep-tech company specialising in next-generation energy storage and battery management technologies, has introduced its flagship XB-5K, a scalable 5kWh energy storage system designed for homes and offices in India.The XB-5K is built on the company’s indigenously developed BharatBMS platform, described as India’s first universal high-voltage battery management system architecture aimed at reducing import dependence and improving after-sales service capabilities. The launch comes as India seeks to strengthen domestic manufacturing and address reliance on imported..