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Aditya Birla Group to unveil Birla Opus Paints in Q4
Grasim Industries, the flagship company of the Aditya Birla Group, declared that it would be launching its paints business, which will be known as Birla Opus, in the fourth quarter of FY24. The company stated that this move marks their entry into the decorative paints segment.
Kumar Mangalam Birla, the chairman of the Aditya Birla Group, expressed that their decision to venture into decorative paints is a strategic choice within their portfolio. He mentioned that this strategic move will allow them to tap into a high-growth market and expand their presence in the dynamic Indian cons..
Kansai Nerolac Paints acquires office space in Mumbai for Rs 85 cr
According to sources, Kansai Nerolac Paints has acquired office space in Mumbai worth Rs 85 crore for the development of the Indian headquarters of the company in Lower Parel.
The company has bought an entire floor of office space on the 28th floor of the commercial tower spread across 35,000 sq ft in Marathon Group's commercial project, Marathon Futurex on Delisle Road. Sources said that the project's third phase of development had received an occupation certificate from the civic b..
Infra.Market to acquire 24% stake in Shalimar Paints
Infra.Market, a leading B2B online infra procurement platform in the country is all set to buy a 24% stake in Shalimar Paints Limited (SPL). The firm has also proposed to invest Rs 270 crore in Shalimar Paints via a combination of equity and debentures.
Established in 1902, Shalimar Paints has been in the business of industrial coatings, decorative paints and allied product types. Infra.Market’s decision will not only pit the construction solutions firm against paint biggies like Berger Paints, Asian Paints, JSW Paints, Kansai Nerolac and Indigo Paints, but it will addition..
TVS Motor Unveils Electric Two-Wheeler
TVS Motor Company, a leading two-wheeler manufacturer in India, has unveiled its latest addition to the electric vehicle segment with the launch of the TVS iQube Electric in Bengaluru. This move marks the company's foray into the burgeoning electric vehicle market, aligning with the global shift towards sustainable mobility solutions.
The TVS iQube Electric promises to redefine urban commuting with its advanced technology and eco-friendly features. Boasting a sleek design and compact structure, the electric scooter is tailored to meet the evolving needs of urban commuters, offering a s..
Chinese EV Giant Leapmotor Eyes Indian Market
Chinese electric vehicle (EV) manufacturer Leapmotor is poised to make a significant entry into the Indian market in the third quarter of the 2024-25 fiscal year. With India rapidly transitioning towards electric mobility, Leapmotor's arrival could mark a pivotal moment in the country's automotive industry.
Leapmotor's decision to venture into India underscores the growing appeal of the country as a lucrative market for EV manufacturers worldwide. As one of the world's largest automotive markets, India presents immense opportunities for companies looking to capitalise on the increasing..
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