Apple could double its iPhone production in India to over $30 billion annually if the US imposes tariffs on Chinese imports. This shift could create 200,000 jobs and increase India's share in iPhone production to over 26%. However, the move depends on US policy and India's ability to address cost and policy challenges.

DAEWOO India has brought on C.M. Singh as its new Joint Managing Director. Singh brings over 30 years of experience to the role, having previously held leadership positions at LG, Videocon, TCL India, and Sukam. DAEWOO aims to leverage Singh's expertise to expand its presence in the consumer durables sector and reach new markets across India.

​​The Umbergaon, Valsad-based company said the issue comprises Rs 850 crore of offer for sale and Rs 350 crore of fresh issue, and will close on December 15. Its chief financial officer Rahul Shah told reporters here that the floor price is 75 times and the cap price is 79 times the face value of the equity shares.

“We have been able to grow a little from 15.4% to 16.7% in H1. But this is coming more from the operational efficiencies point of view. And also a very little from probably I can say, there is an advantage currently where the raw material prices are at most low. This is the advantage we have been able to get in H1. ”

Manos Nikolakis, GM, BIC Cello, said, "While e-commerce is growing significantly across the country, the landscape of the Indian market is still heavily reliant on traditional trade. Accordingly, this remains our main sales driver. The lack of digital penetration in semi-urban and rural areas can sometimes create a challenge in the e-commerce space, which means that e-commerce is mostly relevant in bigger cities with a more mature infrastructure."

Bharat Puri, MD of Pidilite Industries, discusses the company's revenue growth driven by volume growth and reduction in prices due to normalized raw material prices. Puri expects double-digit volume growth going forward and highlights the company's focus on investing in rural markets, which have shown no decline or softness. Pidilite Industries has added 30,000 new retail points to its rural network and sees rural markets as a driver of growth. Puri also mentions the improvement in international business and sustainable EBITDA margins at the higher range of 20-24%.

The board of Pidilite -- maker of Fevicol, Dr Fixit, Fevikwik and M-Seal -- at its meeting held on Thursday approved the appointment of Vats as Managing Director Designate, who is currently Deputy Managing Director of Pidilite Industries.

Stationery retailer DOMS Industries has acquired 51 per cent of stake in Skido Industries with an initial investment of Rs 51 lakh, marking its entrance into school bag manufacturing, it said in a press release on Thursday. The remaining stake of Skido remains with Sehgals.

“With this expansion, we are excited to connect with even more individuals and families, offering them a curated selection of products that inspire creativity and enrich everyday life," said Divyanshu Solanki, founder and CEO of the company.

​​Santosh Raveshia, Managing Director, DOMS Industries Limited said, "As we conclude FY24, we are pleased to report on a period marked by significant achievements and strategic initiatives that have reinforced our strong position in the stationery and art materials market. We continued seeing positive business traction resulting in robust sales growth coupled with further elevation of margins, reflecting upon the strength of the ‘DOMS’ Brand to connect with its consumers."

Mumbai-based Pidilite Industries, the maker of Fevicol and M-Seal adhesive brands, has approached the court to restrain Dubond Products from allegedly infringing its registered trademarks, copyright and passing off for its waterproofing brand Dr Fixit LW.

Pidilite Industries Ltd. managing director Bharat Puri expects volume and value growth to align in the second half of Q2 2024, with value growth potentially surpassing volume due to improved product mix. The company reported a 9.6% increase in volume and a 21% rise in net profit to Rs. 571 crores. Export sales were affected by geopolitical tensions and shipping delays.

Pidilite Industries has invested Rs 5 crore in Wify, a home improvement and maintenance services platform. This pre-series A funding round was led by Capria and Mount Judi Ventures, with participation from Blume Ventures. The investment aims to boost Wify's growth by enhancing its tech stack, expanding services, and strengthening its market position.

Titan Company's consolidated profit after tax declined by 23.1 per cent in the second quarter of this fiscal. However, the company's consolidated income increased by 26 per cent during the same period. Its international jewellery business experienced a significant income growth of 62 per cent. Caratlane, a subsidiary of Titan, also reported a 28 per cent increase in total income.

Indian travelers are increasingly splurging on luxury goods while abroad, with spending in this category skyrocketing by 250% in recent years. Travel companies and luxury brands are responding by incorporating premium shopping experiences into their itineraries and offering exclusive perks to attract Indian shoppers.

Titan Company experienced a 15% profit decline in Q2. The company attributes this to losses from a customs duty drop on gold. Despite this, Titan saw strong sales growth in its jewellery and watches segments. The company remains optimistic about the future, particularly the upcoming festive season. Titan is also closely watching the lab-grown diamond market and formulating its strategy.

Page Industries, the company that holds the license for Jockey and Speedo in India, saw its profit increase by 30% in the second quarter. The company's profit reached 1.95 billion rupees. This growth was driven by higher sales of premium athleisure wear. Despite a general slowdown in consumer spending, demand for these products remained strong.

Trent Limited, a Tata Group company, witnessed a 40% rise in net sales for the quarter ending in September. The retailer's revenue reached Rs 4036 crore, while net profit saw a 46% increase to Rs 423 crore. Despite the growth, consumer sentiment remained subdued. Trent opened 43 new stores during the quarter, expanding its presence to 184 cities.

Kalyan Jewellers saw a 3.3% dip in consolidated net profit, reaching Rs 130.32 crore in Q2 FY25, compared to the same period last year. Despite this, revenue from operations rose to Rs 6,065.4 crore, contrasting with Rs 4,414.53 crore in Q2 FY24. Ramesh Kalyanaraman, executive director of the company said, "We recorded SSSG in excess of 20 per cent for the Diwali minus 30 days period when compared to the base year. ​​We are upbeat about the ongoing wedding season across the country and hope to end the calendar year on a very strong note."​​​​

Mankind Pharma is spinning off its consumer brands business into a wholly-owned subsidiary, aiming to increase its revenue contribution. Similar moves by Sanofi, Cipla, and Zydus Lifesciences have yielded benefits. Mankind Pharma seeks to unlock investor value through focused marketing and potential stock market listings.

Secret Alchemist, a wellness startup focusing on aromatherapy, onboards actress Samantha Prabhu as co-founder after securing $500,000 in seed funding led by Inflection Point Ventures. The company, co-founded by Ankita Thadani and Akash Valia, plans to expand its product line and enhance brand reach with pure-grade essential oils for holistic wellness.

The beauty giant, which manufactures makeup, skincare, perfumes, and hair care products, has been in India for close to 20 years now. It had first launched MAC in the country, followed by Clinique, Estee Lauder and recently The Ordinary—its premium affordable range aimed at recruiting younger consumers.

Adwaita and Anchit Nayar, leaders at Nykaa, highlight their complementary roles in driving the company's success. They share insights on India's consumer tech and quick commerce growth, Nykaa's rapid expansion in warehouse capacity, and plans for same-day or next-day delivery, leveraging their efficient capital use and market competition to build the category.

9Skin, co-founded by actress Nayanthara, partners with Reliance Retail's Tira to expand into offline retail in India. This collaboration launches the exclusive Skinderella Hydrogel Mask. The partnership aims to offer innovative, natural skincare solutions, now available both online and offline through Tira's network.

Marico Limited finalized its acquisition of Just Herbs in September 2024, securing the remaining 40% equity in Apcos Naturals Private Limited, which owns the Just Herbs brand. With this acquisition, Just Herb's expansion momentum is poised to accelerate.

Estee Lauder plans to announce Stephane de La Faverie as the new CEO, succeeding Fabrizio Freda who is retiring next year. La Faverie, currently executive group president, will take over amid challenging market conditions in China. Jane Lauder will step down from her executive role at the end of the year.

Indian fragrance and flavour company Sacheerome aims to achieve 30-40 per cent annual growth in the Middle East market. The company plans to make Dubai its second home and establish an R&D center in the city. With significant growth potential in the MEA sector, Sacheerome also targets expansion in Asia-Pacific, focusing on Malaysia.

Highlighting the brand’s expansion trajectory in terms of physical retail presence, Sanjay Sharma, Country Head of Shiseido India said that since launching with 15 touchpoints last year, NARS has already doubled its reach to 30 points in India and plans to double again in the next two years.

Coty expects lower annual profit than previously forecasted. Demand for beauty products is slowing down in the US and Australia. Consumers are choosing essential products over beauty items. Coty's prestige fragrance segment, however, reported a 9% rise in sales. This is due to new launches such as Burberry Goddess and Marc Jacobs Daisy Wild fragrances.

Net sales rose 40% to $301.1 million for the quarter ended Sept. 30, compared with analysts' average estimates of $285.8 million, as per data compiled by LSEG.

Luxury fragrance brand Nisara has appointed Beauty Brands Global DMCC as its exclusive distributor in the UAE. The partnership aims to leverage Beauty Brands Global's market expertise to establish Nisara's presence in the region. Nisara plans to offer its products through both online and offline channels, targeting the UAE's appreciation for luxury goods.

FirstCry's CEO Maheshwari saw a 49% compensation drop. The company plans an IPO, approaching SEBI. Employee benefits decreased, with a Rs 23,000 crore valuation and an expected IPO of $3.5-3.75 billion.

Government initiatives, such as mandatory quality control orders and increased customs duties, have significantly boosted India's toy exports, but further efforts are needed, according to DPIIT Secretary Rajesh Kumar Singh. He mentioned ongoing efforts to include the toy sector in the production-linked incentive (PLI) scheme, with a proposed budget of Rs 3,489 crore, to enhance domestic manufacturing.

Union Minister calls on domestic toy industry to back artisans and foster creativity at Toy CEO Meet. Global players like Walmart and Amazon join hands for collaborations. Government measures boost local manufacturing. Stakeholders discuss investment opportunities in India's growing toy market.

Founded by Supam Maheshwari and his colleague from a previous business, Amitava Saha, FirstCry has been the darling of investors which include SoftBank, Tata Sons Chairman Emeritus Ratan Tata, Premji Invest, Mahindra & Mahindra and TPG Growth.

We'll continue to invest in our brand, technology, products, and grow our offline online touchpoints. We are going to open around 350 stores over the next three years and grow our multi-channel competitive strengths. We will also enhance our in-house brands and their distribution through pharmacies and grocery stores. We also plan to invest in manufacturing, international markets and Globalbees, our brand aggregator platform,Supam Maheshwari, cofounder and CEO of FirstCry said.

According to a circular upload on BSE, Brainbees Solutions allotted 4.05 crore equity shares to 71 funds at Rs 465 apiece, which is also the upper end of the price band. This takes the transaction size to Rs 1,886 crore. The IPO, with a price band of Rs 440-465 a share, will open for public subscription on August 6 and close on August 8.

DOMS Industries Limited has acquired a 51.77 per cent equity stake in Uniclan Healthcare for Rs 54.88 crore, making it a subsidiary. This strategic move allows DOMS to diversify into the baby hygiene market, aligning with its growth strategy and enhancing its distribution network for long-term success.

Tuco Intelligent, a kids' personal care brand, has secured $2 million in seed funding led by Fireside Ventures and Whiteboard Capital. Founded by ex-Unilever executive Aishvarya Murali, Tuco offers natural and sustainable products for children. The brand emphasizes eco-friendly packaging using reclaimed ocean and landfill plastic.

Millennium Babycares Ltd announced the closure of a Rs 122 crore private placement round with Bharat Value Fund (BVF), which acquired a significant minority stake. BVF is managed by Pantomath Capital and targets a corpus of Rs 2,000 crores. The funds will be used for market expansion in India and internationally.

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The podcasting industry has grown a lot since its birth in 2004, but the core of what a podcast could be and what it could do hasn't changed much. Now, Podcasting 2.0 revolutionizes the industry with highly requested innovations that will help everyone on all sides of the RSS feeds.

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In summer 2021, iOS 14.5 introduced a major change to Apple Podcasts with implications many podcasters may still not realize. With that update, your audience on Apple Podcasts is no longer getting your podcast directly from your RSS feed, but from a proxy. And that has some potentially bad implications!

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