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Mint

Chips, fibre and EVs: What Brookfield has in mind after a successful tower acquisition

Talks to invest in fibre and smart meter segments are at a more advanced stage, while the plan for semiconductors is still a thesis. The firm is also evaluating opportunities in developing infrastructure for EVs.

Business Line

Ikea India introduces 365-day exchange and return policy

Home furniture and furnishing accessories would be covered under the policy, which would allow customers to test the products at home for fit, comfort, and functionality, the company said

CNBC TV18

SEBI dismisses case against NSE, Chitra Ramkrishna, Ravi Narain, others in co-location facility matter

The case relates to the alleged preferential access given to certain broking firms, including OPG Securities, in the form of 'dark fibre' at NSE to connect across the colocation facilities before other members.

The Economic Times

India Yamaha Motor unveils R15M with Carbon Fibre pattern at Rs 2.08 lakh

India Yamaha Motor has introduced a new variant of its R15M motorcycle featuring a Carbon Fibre Pattern graphic design, priced at Rs 2.08 lakh (ex-showroom Delhi). The bike is equipped with a 155cc liquid-cooled engine and aligns with Yamaha's 'Call of the Blue' campaign. The upgraded R15M in Metallic Grey is available for Rs 1,98,300.

Business Standard

India Yamaha Motor unveils R15M with Carbon Fibre pattern at Rs 2.08 lakh

Two-wheeler major India Yamaha Motor has unveiled a new variant of its popular 155cc motorcycle R15M equipped with a Carbon Fibre Pattern graphic design at Rs 2.08 lakh (ex-showroom Delhi). Equipped with 155cc liquid-cooled engine, the R15M variant aligns with Yamaha's 'Call of the Blue' brand campaign. "Yamaha motorcycles are well known for their exhilarating performance, exciting agility and eye-catching sporty design. Since its launch in 2008, the R15 has embodied class leading performance and has enabled numerous consumers in India to experience the joy of riding a SuperSport motorcycle with thoroughbred Yamaha Racing DNA", Yamaha Motor India Group of Companies, Chairman Eishin Chihana said in a company statement. The R15M with Carbon Fibre pattern is available at Rs 2.08 lakh (ex-showroom Delhi) at Yamaha Blue Square showrooms while the price of upgraded R15M in Metallic Grey is offered at Rs 1,98,300 (ex-showroom Delhi) at Yamaha dealerships.

Business Standard

'Use of fire-resistant upholstery fabrics must in non-domestic furniture'

The government has introduced stringent regulations mandating the use of fire-resistant upholstery fabrics in non-domestic furniture, a move expected to improve public safety with respect to fire-related tragedies. Effective from October, the Quality Control Order (QCO) now requires all upholstery components used at public spaces to comply with the Bureau of Indian Standards (BIS) norms. The QCO applies to upholstered composites and fabrics used in non-domestic furniture found in public areas such as offices, malls, airports, restaurants, underground shopping complexes, museums, hospitals, places of worship, and educational institutions. The order is also applicable on all imports of complete furniture or sub-assemblies having upholstered fabric meant for public use, however relaxation till March 31, 2025 has been provided on the request of industry. "This decisive action underscores the government's commitment to enhancing fire safety in public spaces and ensuring that all ...

The Economic Times

Govt mandates use of fire-resistant upholstery fabrics in non-domestic furniture

The government has enforced new regulations requiring fire-resistant upholstery fabrics in non-domestic furniture to enhance public safety. Effective from October, the Quality Control Order mandates compliance with Bureau of Indian Standards norms for all upholstery in public spaces. This includes offices, malls, airports, and more, with a relaxation on imports until March 31, 2025.

The Economic Times

Yamaha New R15 M launched: Here are price, engine, colours, specs details

Yamaha New R15 M: Yamaha Motor India has launched the Yamaha R15 M with new carbon fibre pattern graphics, priced at Rs 2.08 lakh. The bike features turn-by-turn navigation, music control via the Y-Connect App, and upgraded switchgear. It retains its 155cc engine, offering 18bhp power and 14.2Nm torque.

Business Standard

Corning bullish on biz growth in India, to employ 1,600 people at new units

High-tech glass company Corning is bullish on growth from mobile consumer electronics and life sciences businesses in India, a senior company official said on Thursday. The automotive and optical fibre business is the biggest revenue contributor to the company in the country, at present. Corning which started business by providing glass cover for bulb invented by Thomas Alva Edison has expanded into several verticals to provide glass technology ranging from electronics display protection cover for mobile, television displays, semiconductor manufacturing, space telescopes to glass based packaging for labs, vaccines etc. "We waited for ecosystem to be established in India where we are seeing now global players are already establishing footprints to manufacture smartphones, and we just want to be a part of the supply chain. India is now becoming a rising star. We want to just be part of the story," Corning International, division vice president and general manager Gokhan Doran told ...

Business Standard

HFCL showcases its latest innovative highdensity blown fibre solutions

At Connected Britain 2024 event

The Economic Times

IKEA Noida store: World's largest furniture retailer plans to develop office, retail, hotel space behind Sector 51 & 52 metro stations by 2028

Uttar Pradesh Chief Minister Yogi Adityanath laid the foundation stone for the IKEA store in Noida through a virtual event. The project, part of Ingka Centres' Lykli brand, involves a Rs 5,500 crore investment and aims to create a multi-functional space with retail, dining, and workspaces, generating over 9,000 jobs.

Business Line

Kamdhenu Paints to launch wood coatings, boost production capacity

The company’s strong performance in previous fiscal years, coupled with the well-received Dual Emulsions Series, has positioned it for further expansion, as evidenced by the opening of a new office in Gurugram

The Economic Times

India to soon produce carbon fibre: Giriraj Singh

India's technical textile exports are set to surpass the $10 billion target by 2030, according to textiles minister Giriraj Singh. The country will soon produce niche carbon fibre, currently imported from various countries. Efforts under the National Technical Textiles Mission and the PLI scheme are driving this growth.

Business Standard

Carbon fibre will be produced by India in 2025-26: Textile minister Giriraj

Union Textiles Minister Giriraj Singh on Friday expressed confidence that the niche carbon fibre -- which is used in aerospace, civil engineering and defence as an alternative to metal -- will be produced by India in 2025-26. Currently, India does not produce any carbon fibre and relies completely on imports from countries such as the US, France, Japan and Germany. The European Union's proposed Carbon Border Adjustment Mechanism, a tax on embedded carbon imports, is expected to kick in from 2026. "The coming days belong to Technical textiles in every sector... I am fully confident that in 2025-26 the niche carbon fibre product will also be with India," Singh told reporters here. The minister asserted that after the Narendra Modi-led government came to power, it has "balanced imports" in the hygiene sector. "Earlier we used to import diapers. Thanks to PM Modi for bringing production-linked incentive (PLI) scheme which has created excitement in the industry," Singh said. Earlier w

Business Standard

Nokia signs deal with AT&T after losing network contract to Ericsson

Nokia said the fibre deal with AT&T is "Build America, Buy America-compliant", to meet the requirements of U.S. government funding

Business Standard

Sterlite Tech to pay Rs 4 cr to Data Management Centre for settling dispute

Broadband technology firm Sterlite Technologies has agreed to pay USD 4,67,400 (about Rs 4 crore) to the Data Management Centre for dispute settlement, a regulatory filing said on Monday. Data Management Centre had claimed damages worth USD 2.7 million (about Rs 23 crore) before Singapore International Arbitration Centre against Sterlite Technologies (STL) for delay and failure by the broadband technology to meet obligations under their agreement. "Without admission of liability, a Settlement Agreement was executed between the Parties wherein Sterlite agrees to pay DMC a net sum of USD 4,67,400 towards full and final settlement of all claims between the parties," the filing said. STL is engaged in the business of manufacturing and selling optical fibre cables. Shares of the company closed at 131.15 apiece, down by 0.3 per cent at BSE on Monday.

The Economic Times

Furniture co EBCO promoter buys luxury apartment in Mumbai’s Worli for Rs 115 cr

The deal values the apartment at nearly Rs 1.62 lakh per sq ft basis the carpet area spread over 7,139 sq ft, making it one of the most expensive residential property transactions anywhere in the country.

Business Standard

Jio aims to add a mn broadband homes every month, says Mukesh Ambani

Jio will aim to add a million broadband homes every month to achieve 100 million home broadband customers in a record time, RIL Chairman Mukesh Ambani said on Thursday. While speaking at RIL's 47th AGM, Ambani said JioAirFiber clocked first million customers in six month. "By leveraging our deep-tech capabilities and continuously optimising every process, we acquired the next 1 million air fibre customers in just 100 days. We are now challenging ourselves to add a million homes every 30 days. With this momentum, we are confident of reaching our target of 100 million home broadband customers at record speed," he said. He said Jio is also targeting over 20 million small and medium businesses, 1.5 million schools and colleges, over 70,000 hospitals, and 1.2 million doctors to connect with broadband.

Business Standard

EKA Mobility enters into strategic pact with IKEA for EV vans supply

Commercial electric vehicle maker EKA Mobility on Tuesday said it has formed a strategic partnership with Swedish furniture retailer IKEA for supply of electric delivery vans in India. Under the partnership, Eka has already delivered 10 such vehicles to IKEA, with plans to expand the fleet across multiple regions in the country, EKA Mobility said. The collaboration is a part of IKEA's plan to electrify its last-mile delivery fleet in the country, it said. The transition to electric delivery vans is expected to significantly reduce IKEA's carbon footprint, contributing to a more sustainable and environmentally friendly logistics operation, EKA mobility said. "By supplying IKEA with our advanced electric delivery vans, we are not only contributing to a cleaner environment but also showcasing the potential of electric vehicles in transforming the logistics industry," said Rohit Srivastava, Chief Growth Officer at EKA Mobility. "As we grow in India with an EV first approach, IKEA Indi

Business Standard

Godrej Interio to open 104 new stores, add over 200k sq ft of retail space

Home and office furniture brand Godrej Interio on Monday said it plans to open 104 new stores and add over 2 lakh sq ft of retail space in the ongoing fiscal as part of its pan-India expansion. A part of Godrej & Boyce of Godrej Enterprises Group, Godrej Interio currently has 900 stores in more than 600 cities across India. Godrej Interio projects a 20 per cent growth this year and plans to add over 2 lakh sq ft of retail space in FY25. The company is poised to surpass 1,000 stores in August, it said in a statement. The brand will also add 104 new stores in fiscal year 2025, it added. "Our nationwide growth plan targets 34, 24, 19 and 27 new stores for the northern, western, southern, and eastern regions, respectively," Godrej Interio Senior Vice President and Head of Consumer Business (B2C) Dev Narayan Sarkar said. Along with the physical expansion, the brand continues to enhance its digital presence and the company's e-commerce platform serves more than 17,000 pin codes, the ...

Business Standard

Trai proposes to cut broadband charges for public wifi service providers

Telecom regulator Trai on Friday proposed to bring down broadband connection charges for public data offices, which provide public wifi services, at par with retail users, as the number of public wifi spots in the country is far below the target number envisaged by the government. In the explanatory note of draft Telecommunication Tariff (Seventh Amendment) Order, 2024, the Telecom Regulatory Authority of India (Trai) found that the annual tariff of a 100 mbps of internet leased line tariff are 40-80 times more than 100 mbps of fibre-to-the-home (FTTH) broadband connection for retail users. Trai said it is of the view that public data offices (PDOs), specifically the small-scale units like local shops, retailers, generally have low revenue potential and they neither need an ILL connection nor they can afford high backhaul rates which are applicable for large commercial entities. "The authority proposes that for the purpose of providing PM-WANI (Wi-Fi Access Network Interface) scheme

The Economic Times

Airtel may tread overseas after 2-3 yrs of India focus: Sunil Mittal

Bharti Airtel, India's second-ranked telco, will focus on building in India for the next two-three years, according to Bharti Enterprises chairman Sunil Mittal. The company plans to roll out 5G, fill 4G gaps, lay more fibre, roll out fixed wireless access, enterprise businesses, and more data centers. Mittal believes that Airtel's profile looks strong and that there could be opportunities globally for the company.

The Economic Times

Attractive buy, good long-term investment: Sunil Mittal on Bharti's stake acquisition in BT

Bharti Enterprises Chairman Sunil Mittal has deemed acquiring a 24.5% stake in BT Group as a "good, long-term investment" and an "attractive buy", citing the company's strong portfolio of home broadband, fibre, mobile and enterprise offerings. Mittal expressed confidence in BT's investment and business prospects and said that while the priority is to understand the company and the UK market in-depth, he would be open to more opportunities in Europe in the future.

Business Standard

PM Modi to release 109 high yielding, climate resilient varieties of crops

Prime Minister Narendra Modi will release 109 high yielding, climate resilient and biofortified varieties of crops at Indian Agricultural Research Institute here on Sunday, according to an official statement. The prime minister will also interact with farmers and scientists during the event, the statement said. The 109 varieties of 61 crops to be released include 34 field crops and 27 horticultural crops, it added. Among the field crops, seeds of various cereals, including millet, forage crops, oilseeds, pulses, sugarcane, cotton, fibre and other potential crops will be released, the statement said. Among the horticultural crops, different varieties of fruits, vegetable crops, plantation crops, tuber crops, spices, flowers and medicinal crops will be released, it added. Prime Minister Modi has always encouraged sustainable farming and adoption of climate resilient methodologies, the release said. He has also emphasised on promoting biofortified varieties of crops by linking them

Mint

Robotaxi to open door for $10 million revenue opportunity for Elon Musk's Tesla, says Ark Investment's Cathie Wood

“Autonomous taxi platforms are the biggest AI project evolving today. Ark has primarily based its Tesla valuation on its autonomous driving potential. If we are right, the stock has miles to go,” as per Wood.

Business Standard

Companies resort to 'office peacocking' to retain, lure employees: Report

To retain employees and bring them back to office, many companies are resorting to 'Office Peacocking', which involves creating a swanky or fancy work space, and spending huge amounts of their budget on attractive designs, says industry experts. The 'Office Peacocking' concept gained significant traction in India post-Covid, as companies sought to entice employees back to the office following the remote work shift induced by the pandemic in order to compete with the comfort of home offices, human resource service provider TeamLease Services CEO-Staffing Kartik Narayan told PTI. Peacocking involves redesigning office spaces with stylish decor, trendy furniture, cosy corners, natural light, and well-stocked pantries to create an inviting and vibrant work environment. The goal is to make the office more attractive and enjoyable for employees, enhancing their willingness to return to in-person work. "Companies are allocating a substantial portion of their budgets for office redesigns. .

Business Standard

Nuvama bets on pipe, cautious on wood panel stocks ahead of Q1 FY25 results

Tile manufacturers are projected to achieve 5-6 per cent year-on-year (Y-o-Y) volume growth with stable margins, analysts said

Business Standard

Luxury furniture brand Stanley Lifestyles gains 30% on trade debut

At the last close, Stanley Lifestyles was valued at nearly Rs 2,730 crore

The Economic Times

Considering PLI scheme for garments sector: Textiles Minister Giriraj Singh

In 2021, the government approved the PLI scheme for textiles with an approved outlay of Rs 10,683 crore over a five year period to promote production of MMF (man-made fibre) Apparel, MMF Fabrics and Products of Technical Textiles in the country to enable textiles industry to achieve size and scale and to become competitive.

Business Standard

Investors subscribe Stanley Lifestyles IPO 5.22 times offer size on day 2

The initial public offer of luxury furniture brand Stanley Lifestyles received 5.22 times subscription on the second day of bidding on Monday. The Rs 537 crore initial share sale got bids for 5,34,55,000 shares against 1,02,41,507 shares on offer, as per NSE data. The portion for non-institutional investors fetched 8.85 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 6.10 times. The category for Qualified Institutional Buyers (QIBs) received 74 per cent subscription. The Initial Public Offer (IPO) has a fresh issue of up to Rs 200 crore and an offer for sale of up to 91,33,454 equity shares. The initial share sale will conclude on Tuesday and has a price range of Rs 351-369 per share. The IPO of Stanley Lifestyles got subscribed 1.43 times on the first day of subscription on Friday. Stanley Lifestyles on Thursday said it has raised a little over Rs 161 crore from anchor investors. The net proceeds from the fresh issue to the tune of Rs 90

Business Line

IPO of Elite furniture makers Stanley Lifestyles enters second day with strong momentum

The IPO subscription for Stanley Lifestyles on its first day was 1.44 times, with a price band set at Rs 351-369.

Business Standard

Investors subscribe IPO of Stanley Lifestyles 1.43 times offer size

The initial public offer of luxury furniture brand Stanley Lifestyles got subscribed 1.43 times on the first day of subscription on Friday. The initial share sale received bids for 1,46,69,560 shares against 1,02,41,507 shares on offer, as per NSE data. The category for non-institutional investors fetched 2.01 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 1.80 times. The part meant for Qualified Institutional Buyers (QIBs) received 30 per cent subscription. The Initial Public Offer (IPO) has a fresh issue of up to Rs 200 crore and an offer for sale of up to 91,33,454 equity shares. Price range for the offer is fixed at Rs 351-369 per share. Stanley Lifestyles on Thursday said it has raised a little over Rs 161 crore from anchor investors. The Rs 537 crore IPO will conclude on June 25. The net proceeds from the fresh issue to the tune of Rs 90.13 crore will be used by the company towards expenditure for opening new stores, Rs 39.99 crore