Antu Thomas News Today

Grasim Industries launched its paints business under the Birla Opus brand on Thursday, and said it expects the unit to generate 100 billion rupees in gross revenue in three years....

Voltas, a Tata-owned company known for air-conditioners and refrigerators, is aiming to become one of Indias top three consumer durable brands. The company is undergoing a transformation with increased capital allocation, faster decision making, and strengthened leadership. Voltas is also pushing for greater backward integration in its value chain and bringing more of the production process under direct control.

Voltas, a Tata-owned company known for air-conditioners and refrigerators, is aiming to become one of Indias top three consumer durable brands. The company is undergoing a transformation with increased capital allocation, faster decision making, and strengthened leadership. Voltas is also pushing for greater backward integration in its value chain and bringing more of the production process under direct control.

Voltas, the Tata-owned company probably best known for air-conditioners and refrigerators, is looking to transform itself into one of Indias top three consumer durable brands. Its being “recrafted” with increased capital allocation, faster decision making and strengthened leadership, company chairman Noel Tata told ET, in a rare media interaction.

The majority of paint stocks were in the green, and even outperformed overall markets. Experts believe that the green shoots in demand on account of the rise in real estate are adding colours to the sector.

According to analysts, India’s export price persisted at $705-708 tonne levels, helped by price increases by the Far East, Chinese and Russian suppliers.

Shares of paint companies are paying the price of rising fuel prices globally as input costs of the industry have increased off late.The paint industry uses crude oil derivatives such as monomers as well as titanium dioxide as raw materials, ...