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INDUSTRY

INDUSTRY

Manufacturing, energy, infrastructure & other sectors

Rane (Madras) closes INR 370 crore friction deal

Rane (Madras) closes INR 370 crore friction deal

The acquired business generated INR 315.04 crore of revenue and 84 percent of Hindustan Composites’ turnover in FY2026. Rane paid about 1.2 times sales and expects the deal to add to earnings immediately.

Vedanta Aluminium launches IIT Delhi-developed alloy for carmaker’s

Vedanta Aluminium launches IIT Delhi-developed alloy for carmaker’s

Automotive-grade alloys launched by Vedanta Aluminium at AutoEdge 2026 conclave.

Jubilant Ingrevia pays INR 189 crore for 40% of electronics maker Zettaone

Jubilant Ingrevia pays INR 189 crore for 40% of electronics maker Zettaone

The specialty chemicals company is buying into electronics manufacturing, valuing Zettaone at about INR 473 crore on the stake purchased. Neither side disclosed Zettaone's revenue, so the multiple paid is unknown.

Amplifon quits India

Amplifon quits India

The world's largest hearing care retailer has left India. Its own disclosure shows the business it sold to Hearzap turned over about €12 million and dragged on group profits. Neither side disclosed the price.

Keemti targets 88 lab-grown diamond stores by December

Keemti targets 88 lab-grown diamond stores by December

Keemti Jewels targets 88 stores from their current 11 by December 2026.

Mahindra University to set up India's second HackerFab for semiconductor students

Mahindra University to set up India's second HackerFab for semiconductor students

Students will build their own photolithography and sputtering equipment at India's second HackerFab, following IIT Bombay's. The university did not disclose the cost, or when its planned cleanroom will be ready.

One Line, Two Wins

One Line, Two Wins

Jai Raj Ispat made a technology bet to compete with Steel producing giants in India by being better rather than bigger, focusing on quality and cost as a strategy.