INDUSTRY

Gradiant to double Coimbatore engineering headcount to over 200

The water treatment company is expanding its Coimbatore engineering centre to more than 200 staff, taking on design work for international projects. Investment was not disclosed.

Korea Industry Expo opens in Delhi

second edition of Korea Industry Expo, the business-to-business exhibition is hosted by the Government of Gyeonggi Province and supported by South Korea’s Ministry of Trade, Industry and Resources and Ministry of SMEs and Startups, with FICCI as industry partner

What US drug tariffs mean for Indian pharma

America is using tariffs to pull drug manufacturing back home, a direct threat to the cheap generics India supplies to the world. Seen through Natco Pharma, what the 2028 tariff clock means for Indian drugmakers, and why it could end up leaving patients paying more.

Crompton launches super-premium brand Rhion in premiumisation push

The listed consumer electricals company has added a super-premium brand alongside a corporate rebrand. It did not disclose price points or revenue targets for the new range.

Domestic demand cushions travel trade

Travel industry representatives at TTF Mumbai said domestic and Far East demand is offsetting pressure on outbound travel from higher aviation fuel costs and West Asia route disruption.

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

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

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

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

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

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.

Pharma leaders flag API import dependence and thin R&D spend at CPHI build-up

The Hyderabad briefing ahead of CPHI & PMEC India 2026 talked about the industry's dependence on external inputs, the need for deeper investment in R&D and the growing pressure to meet evolving compliance standards, besides logistics of the events.

QA and Level-1 support roles most at risk from AI based on FICCI–KPMG skills report

A FICCI–KPMG report at the FICCI Global Skills Summit cites NITI Aayog in flagging displacement risk for QA engineers and Level-1 support agents by 2031, against up to 40 lakh AI-augmented jobs — if large-scale reskilling begins now.

Page Industries' revenue grows 7.9% in a steady first quarter

Jockey licensee Page Industries reported Q1 revenue up 7.9% to INR 1,420 crore on 5.7% volume growth, holding a 20.3% EBITDA margin, a steady but unspectacular quarter.

CP PLUS owner Aditya Infotech nearly doubles revenue

Aditya Infotech, which owns the CP PLUS surveillance brand, reported an 89.5% jump in June-quarter revenue to INR 1,402 crore and more than tripled adjusted profit, riding a shift to higher-margin IP cameras and post-IPO deleveraging.

Ester-Loop recycled-PET venture lands a second global sports brand, after Nike

ELITe, the Ester Industries-Loop Industries joint venture, said partner Loop signed a non-binding LOI to supply up to 15,000 tonnes a year of recycled PET resin to a second global sports brand, after Nike, from its planned India plant.