Industry

The cement industry will look at a robust revival in 2025 with expectations of improvement in sales realisation, higher margins and acceleration in demand. Most brokerage reports indicate that pent-up demand, renewed capex pus, and sustained momentum in the housing sector are going to drive up demand. The fact that cement prices too are holding

Fireside Ventures, which has backed brands like Mamaearth, BoAt, Slurrp Farm, cult.fit, Pilgrim and The Sleep Company, believes the middle class isn’t shrinking but evolving into multiple consumer personas. Dipanjan Basu, co-founder and partner at Fireside Ventures, tells Anees Hussain that this transformation presents an opportunity for new brands that established players struggle to address.

Chennai-based Aptus Value Housing Finance plans to grow its assets under management (AUM) by 30% annually over the next three years, a senior company official said. Talking to FE, P Balaji, MD, Aptus Value Housing Finance, said: “Our goal is to reach `25,000 crore in AUM by FY28, which requires us to grow 30% annually over the

India’s rapidly growing art mart, conservatively pegged at around Rs 4,000 crore annually, is attracting marquee legal firms, making it the latest sought-after vertical on India’s legal canvas. Law firms including Cyril Amarchand Mangaldas (CAM), Khaitan & Co, DSK Legal, Dentons Link Legal, Anand and Anand are already providing niche art law services while others

In a major leadership transition, HCL Group founder Shiv Nadar has transferred 47% of his stake in HCL Corp and Vama Delhi—two key promoter entities of the group—to his daughter Roshni Nadar Malhotra. This strategic move cements Malhotra’s position as the largest shareholder in HCL Technologies and HCL Infosystems, strengthening the family’s control over the

Specialty coffee chain Third Wave Coffee, which is rapidly expanding, has achieved store-level earnings before interest, taxes, depreciation, and amortisation (Ebitda) positivity in 90% of the outlets, according to a senior company official. “We worked hard last year to get our unit economics right. Currently, 90% of our stores generate positive Ebitda at the store

E-commerce major Amazon is revamping its refurbished devices business ‘Renewed’ and discontinuing the sale of products that are externally reconditioned. Now, it will only sell the products which have been returned on its platform, and refurbished by its certified professionals. The company has sent out mails to sellers on Renewed saying that the decision has

Office space absorption across Asia Pacific’s (APAC) top 11 markets surged 15.9% annually to 94.7 million sq ft, led by India, Mainland China and Japan, according to a new report. Second half of 2024 was particularly strong, with office demand in the region touching 50.6 million sq ft, a 6.1% rise compared to H2 2023.