ACC Ltd Completes Acquisition of Asian Concretes and Cements, Bolsters Cement Production Capacity
Soham Chakraborty
ACC Ltd, a subsidiary of Ambuja Cement Ltd under the Adani conglomerate, has successfully finalised the acquisition of Asian Concretes and Cements Pvt Ltd (ACCPL), thereby converting it into a wholly-owned subsidiary. The acquisition, valued...
UltraTech Cement Surpasses ₹3 Lakh Crore Market Capitalisation, Hits Record High as Shares Surge by 16%
Soham Chakraborty
UltraTech Cement, a flagship entity of the Aditya Birla Group, has achieved a significant milestone by crossing ₹3 lakh crore in market capitalization. The company’s shares have been performing exceptionally well, with the stock surging...
Ashish Anupam, Vice President of Long Products at Tata Steel Ltd, foresees a substantial surge in the demand for TMT rebars across India in the forthcoming months. This upsurge is chiefly propelled by burgeoning activity...
India’s Building Material Market Poised for 8-12% Growth in Tiles, Plastic Pipes, and Wood Panels
Soham Chakraborty
According to a report by HDFC Securities, the building material market is expected to experience significant growth in the next 4-5 years. The demand for building materials such as tiles, plastic pipes, and wood panels...
Heidelberg Materials Unveils evoZero: Game-Changing Carbon-Neutral Cement with CCS Tech
Soham Chakraborty
Heidelberg Materials (HEIG.DE) has taken a momentous step within the construction realm with the introduction of its new brand, evoZero. Promoted as carbon-neutral cement, this launch signifies a strategic embrace of carbon capture and storage...
Paint Stocks Soar 2-5% Amidst Crude Oil Price Drop; Berger Paints Downgraded While Kansai Nerolac, Akzo Nobel Shine in Q2 FY24
Soham Chakraborty
Today, significant paint stocks surged between 2% to 5% in response to a notable drop in crude oil prices. Brent crude futures fell by 4.63% to $77.42 per barrel, while WTI crude futures experienced a...
Berger Paints Takes a Colourful Detour with ‘Chiku ki Painting’ Diwali Campaign, Shining a Spotlight on the World of Colour-Blindness
Soham Chakraborty
Berger Paints is diverging from the traditional Diwali advertising approach through its recent campaign, 'Chiku ki Painting,' which seeks to bring attention to the distinctive perspective of colour-blind individuals. In contrast to the usual festive...
Paint to Pixels: Combining Physical and Digital RTM in the Building Materials Industry
Nikhil Chaudhary
In the building materials industry, traditional face-to-face engagements between sales representatives and dealers have long been the cornerstone of business relationships. However, as the world becomes increasingly digital, it's imperative to examine how this traditional...
Grasim Industries Announces ‘Birla Opus’ – A Thrilling Entry into India’s Decorative Paint Market with a ₹10,000 Crore Investment
Soham Chakraborty
Grasim Industries, a key player in the Aditya Birla Group, is poised to undertake a substantial venture into the highly competitive paint industry under the brand name 'Birla Opus.' This strategic initiative is geared towards...
Asian Paints Launches ‘Mera Wala Mood’ Campaign, Celebrating Emotions, Colours, and Homes This Diwali
Soham Chakraborty
Asian Paints, renowned for its 'Har Ghar Kuch Kehta Hai' ethos, has unveiled an innovative campaign, 'Mera Wala Mood,' just in time for the upcoming Festival of Lights. The campaign is set to capture the...