Hindalco recalibrates capex to $4.5 bn from $8 bn, cites challenges

Hansgrohe Appoints Abdulkader Bengali as India Managing Director

Hansgrohe Group, the German manufacturer of premium bathroom and kitchen solutions, has appointed Abdulkader Bengali as Managing Director for its India operations, effective August 18, 2025. With over 26 years of leadership in the construction and building materials sector, Bengali has held key roles at Sintex BAPL, ALP Aeroflex, and Owens Corning. A gold medallist engineer from NIT Surat and an Executive MBA from SP Jain, he is known for driving business turnarounds and high-growth strategies. Welcoming the appointment, Thomas Stopper, Vice President Asia, Hansgrohe Group, said: “..

Kenstar Launches India’s First 5-Star Rated Air Cooler Range

Kenstar, one of India’s most trusted consumer appliance brands for nearly three decades, has introduced the country’s first BEE 5-Star Rated Energy Efficient Air Cooler range. Unveiled in Gurugram, the new portfolio is backed by a 5-year warranty, delivering both performance and peace of mind. The launch is part of Kenstar’s new ‘Power of 5’ campaign, symbolising five key benefits—Performance, Efficiency, Quality, Durability, and Reliability. Each product in the line-up features advanced BLDC Maxx Technology, Quadra Flow Technology for powerful air delivery, Hydro Dense Mesh H..

Alt Unveils India’s First PMS Focused on Listed REITs & InvITs

Alt, India’s leading alternative investments platform, has launched ARIPS – Alt REIT InvIT PMS Strategy, the country’s first and only Portfolio Management Service exclusively investing in units of listed Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). The strategy aims to give investors structured access to India’s rapidly expanding real estate and infrastructure assets, offering stable yields of c. 8–9 per cent annually (distributed quarterly) and target returns of 12–15 per cent IRR over a four-year horizon.   REITs and Inv..