Wakefit Innovations Ltd, the home and furnishings brand known for its mattresses and sofas, has filed draft papers with the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO) aiming to raise ₹468.2 crore. The move is designed to more than double the company’s offline presence as it scales up from a fast-growing direct-to-consumer business into an omnichannel retail brand. According to the draft red herring prospectus, the IPO will
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JSW Paints, part of the diversified JSW Group, has signed a definitive agreement to acquire up to 74.76% stake in Akzo Nobel India—maker of the iconic Dulux brand—in a transaction valued at ₹8,986 crore. This marks one of the largest deals in India’s nearly ₹90,000 crore paints industry and paves the way for Akzo Nobel’s complete exit from the country. With this acquisition, JSW Paints, which entered the segment in 2019 and has yet to
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India’s benchmark indices remained firmly in the green on June 27, poised to end the week with robust gains. Renewed buying in oil & gas, metals, and auto stocks fueled the rally, while easing geopolitical tensions after the Israel-Iran truce and optimism over a potential US-India trade deal provided key support. For the week, both the Nifty and Sensex advanced over 2%. Broader markets continued to outperform. The Nifty Midcap 100 and Smallcap 100 indices
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Panasonic Holdings is stepping away from the refrigerator and washing machine segment in India as part of a major strategic shift toward more profitable, innovation-driven verticals. This decision aligns with the company’s global transformation agenda, which emphasizes technology, energy solutions, and B2B services over traditional white goods. According to The Economic Times, the Japanese electronics giant will be shutting down production lines at its Jhajjar, Haryana plant—primarily a contract manufacturing hub for these now-exiting product
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Walmart Inc. President and CEO Doug McMillon met with Indian Prime Minister Narendra Modi this week during a two-day visit aimed at reinforcing the global retail giant’s dedication to India’s growth. This marks McMillon’s second visit to the country in just 18 months—a strong signal of Walmart’s deepening engagement with India’s economy and entrepreneurial ecosystem. He was accompanied by Walmart International CEO Kath McLay and board member Steuart Walton, as the delegation discussed key areas
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