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Will Grasim’s entry disrupt the paint industry?

Money Control

Money Control · 1y ago

Will Grasim’s entry disrupt the paint industry?

Grasim Industries, an Aditya Birla Group company, has ventured into the paint business with the launch of their brand 'Birla Opus'. They aim to add 1.3 billion liters of capacity in the domestic paint market through an investment of Rs 10,000 crore. This move puts their production capacity on par with Berger Paints. However, the paint sector is facing overcapacity issues which could impact realizations and margins. Despite healthy volume growth, stocks in this sector have been underperforming and Asian and Berger Paints are experiencing a de-rating in valuation.

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Reliance’s formal entry into finserv gets fintechs jittery

Economic Times

Economic Times · 2y ago

Reliance’s formal entry into finserv gets fintechs jittery

Reliance's formal entry into the fintech sector is causing unease among existing fintech players. The Indian conglomerate's strong presence and resources could disrupt the market, potentially leading to increased competition. Fintech companies are closely monitoring the situation and strategizing to withstand the potential challenges posed by Reliance's foray into the financial services industry.

JSW Paints seeks CCI nod to acquire majority stake in Akzo Nobel India for Rs 12,915 cr

Economic Times

Economic Times · 19d ago

JSW Paints seeks CCI nod to acquire majority stake in Akzo Nobel India for Rs 12,915 cr

JSW Paints, led by Sajjan Jindal, seeks the Competition Commission of India's approval to acquire a majority stake in Akzo Nobel India in a Rs 12,915-crore deal. The acquisition includes 74.76% from Akzo Nobel NV and a public open offer for the remaining 25.24%, making JSW the fourth-largest player in India's paint industry. The deal aims to expand JSW's presence in the fast-growing paint sector. Akzo Nobel retains its India Powder Coatings business.

Jeff Bezos-Backed Slate Auto Closes Series A and B Funding, Raises $700 Million, Secures 100,000 Reservations for $25,000 "Anti-Cybertruck" SUV | DeepNewz VC

deepnewz

deepnewz · 2m ago

Jeff Bezos-Backed Slate Auto Closes Series A and B Funding, Raises $700 Million, Secures 100,000 Reservations for $25,000 "Anti-Cybertruck" SUV | DeepNewz VC

Slate Auto, a new car brand backed by Amazon owner Jeff Bezos, has closed its Series B funding round, raising $700 million. The start-up focuses on creating an affordable SUV with minimalist features, such as no paint as standard. This approach aims to offer cost-effective transportation options, aligning with growing consumer demand for economical vehicles. The investment reflects confidence in Slate Auto’s potential to disrupt the automotive market with its unique, stripped-down offerings.

Paint industry’s first dip in 20 years—is a rebound next?

Livemint

Livemint · 1m ago

Paint industry’s first dip in 20 years—is a rebound next?

The Indian paint industry's revenues fell by 2% in FY25, marking the first decline in two decades, influenced by a general consumption slowdown and competition from Birla Opus. Despite the setback, there is anticipation of a potential recovery in the second half of FY26. The industry previously maintained growth even during the COVID-19 pandemic, so the future pace of recovery will be closely observed.

Grasim raises ₹1,250 crore from IFC through sustainability-linked NCDs

Livemint

Livemint · 1y ago

Grasim raises ₹1,250 crore from IFC through sustainability-linked NCDs

Grasim Industries, the flagship company of the Aditya Birla Group, has raised ₹1,250 crore from the International Finance Corporation (IFC) by issuing sustainability-linked non-convertible debentures (NCD). The funds will be used to support decarbonisation efforts in its new paint-manufacturing business. Grasim aims to achieve sustainability by implementing renewable energy and water recycling measures in all its manufacturing plants. The investment from IFC will help accelerate the adoption of energy-efficient and water-saving technologies and practices in the manufacturing industry.

Nvidia to take Intel's spot on Dow Jones Industrial Average

Economic Times

Economic Times · 9m ago

Nvidia to take Intel's spot on Dow Jones Industrial Average

Nvidia will replace Intel on the Dow Jones Industrial Average index, highlighting the shifting landscape of the chipmaking market and adding to Intel's struggles. Nvidia and paint-maker Sherwin-Williams will join the index next week. Intel, once a dominant force in chipmaking, has fallen behind rival TSMC and missed opportunities in artificial intelligence. Its shares have declined 54% this year. Losing its Dow Jones status could further impact Intel's reputation and share price. Meanwhile, Nvidia has become a key player in the semiconductor industry due to the essential role its chips play in powering AI technologies.

Nexstem Pockets $3.5 Mn To Disrupt Neurotech Space

Inc42 · 9m ago

Nexstem Pockets $3.5 Mn To Disrupt Neurotech Space

Nexstem, a Bengaluru-based company, has raised funds to enhance its product ecosystem and expand its intellectual property portfolio. The startup, founded in 2020 by Siddhanth Dangi and Deepansh Goyal, specializes in developing advanced non-invasive brain computer interface (BCI) solutions. The capital infusion will help Nexstem disrupt the neurotech industry.

Inside the Series A mindset at Disrupt 2025 | TechCrunch

TechCrunch · 7d ago

Inside the Series A mindset at Disrupt 2025 | TechCrunch

TechCrunch Disrupt 2025, held from October 27–29 in San Francisco, will focus on navigating the Series A funding landscape. Participants will hear from industry leaders like Katie Stanton, Thomas Krane, and Sangeen Zeb, who will share insights on securing investment and achieving scalable growth. This event marks TechCrunch Disrupt's 20th anniversary and will feature sessions from major tech firms such as Netflix and Sequoia Capital, offering valuable strategies for startup success.

JSW, Akzo Nobel, Wadhwa Group, Zomato, Gensol, and Dailyhunt in news

VCCircle

VCCircle · 3m ago

JSW, Akzo Nobel, Wadhwa Group, Zomato, Gensol, and Dailyhunt in news

JSW Paints, alongside a consortium of Advent International and Indigo Paints, has submitted bids to acquire Akzo Nobel India, as Akzo Nobel NV plans a global restructuring. Pidilite Industries is also involved in the acquisition race. This development follows the broader trend of company acquisitions and restructuring efforts in the global market. The outcome of these bids could significantly impact the competitive landscape in the paint industry in India.

Paintmakers are already battling to protect turf. JSW has fired a fresh salvo

Livemint

Livemint · 1m ago

Paintmakers are already battling to protect turf. JSW has fired a fresh salvo

JSW's ₹9,000-crore acquisition of AkzoNobel India and the ongoing pricing war led by Birla Opus, owned by Kumar Mangalam Birla, have intensified the competitive landscape in India's paint sector. With brands like Dulux under AkzoNobel, this strategic move by JSW signals tougher competition, potentially squeezing profit margins for established players like Asian Paints and Indigo Paints as they strive to protect their market turf amidst evolving industry dynamics.

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