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Godrej Consumer expands pet care brand across south India, targets Rs 500 crore biz in three years
Godrej Consumer Products is aggressively expanding its pet food brand, Ninja, aiming for a Rs 500 crore valuation within three years. After a successful pilot in Tamil Nadu, the brand is launching in Andhra Pradesh, Telangana, and Karnataka, with pan-India plans by FY28.
Tamil Nadu Establishes Duty-Free Retail Shop At Nagapattinam International Port Amid India-Sri Lanka Ferry Traffic Rise
The setting up and operations of these retail facilities will be outsourced to a private player.
Neolite ZKW Lightings, SS Retail, Aspri Spirits get Sebi nod to float IPOs
Neolite ZKW Lightings, SS Retail and Aspri Spirits have secured Sebi's approval to raise over Rs 1,200 crore collectively through initial public offerings (IPOs), an update with the regulator showed on Friday. The three companies, which filed their preliminary IPO papers in December, obtained Sebi's observations during May 6-14. In Sebi's parlance, obtaining observations is equivalent to securing approval to float public offering. Automotive lighting products maker Neolite is aiming to raise Rs 600 crore through its maiden public offering, comprising a fresh issue of shares aggregating up to Rs 400 crore along with an offer for sale (OFS) of shares valued Rs 200 crore by promoters and a shareholder, according to the draft red herring prospectus (DRHP). The company will use proceeds from the fresh issue for setting up a new manufacturing facility at Kancheepuram, Tamil Nadu; purchasing plant and machinery, electronic expansion at existing manufacturing facilities; payment of debt an
Sun TV slides 5.4% to Rs 572 after DMK loss
Sun TV is part of the Sun Group, controlled by Kalanithi Maran, a relative of Tamil Nadu Chief Minister MK Stalin, who also heads the DMK. The stock had dropped as much as 9.5% earlier in the session, hitting an intraday low of ₹547.55 on BSE.
Tamil Nadu election impact: Sun TV Network shares plunge 10% as Vijay’s TVK heads for big upset
Actor-turned-politician C Joseph Vijay's Tamilaga Vettri Kazhagam (TVK) is poised to disrupt Tamil Nadu's long-standing Dravidian party dominance, leading in 108 seats. This unexpected surge has sent shockwaves through the political landscape, impacting established players like the DMK and AIADMK. Sun TV Network shares saw a significant dip amid these electoral trends.
Gold loans soar in India, but it’s southern households leading the charge
Gold loans in India have surged fourfold since March 2022, becoming the second-largest retail credit segment. Southern states, led by Tamil Nadu, Andhra Pradesh, and Karnataka, continue to dominate originations, accounting for over half the market. While the south remains the core, emerging regions like Uttar Pradesh are showing significant growth from a lower base.
VinFast expands India lineup with VF MPV 7: Price, specs, availability
VinFast has launched its new seven-seater electric MPV, the VF MPV 7, in India. This marks the company's entry into a new segment. The vehicle offers a range of 517 km. VinFast is expanding its retail presence and aims for 75 showrooms by 2026. The VF MPV 7 is locally assembled in Tamil Nadu.