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Nestlé India expands Munch production at Sanand factory
Nestlé India is expanding its Munch production. A new line at the Sanand facility in Gujarat will boost output by 8,300 tons annually. This project, costing Rs 225 crore, is set for completion by FY 2025-26. The investment supports Nestlé's plan to increase capacity and meet rising consumer demand. This strengthens their confectionery supply chain.
Motherson partners Hellmann to strengthen auto supply chain business
Samvardhana Motherson and Hellmann Worldwide Logistics form a joint venture in Dubai to boost global supply chain capabilities. Shares of Samvardhana Motherson International Ltd ended lower on Thursday, March 19, by 5.12% at ₹111.75 on the NSE.
PepsiCo India expands Green Logistics with Kosi-Pataudi EV Corridor
PepsiCo India has launched an EV Green Corridor on the Kosi-Pataudi route. This initiative aims to reduce emissions in its supply chain. The company is also converting distributor vehicles to electric and deploying CNG vehicles in NCR. This move signifies a commitment to cleaner and future-ready logistics operations.
CureBay absorbs Saveo's pharma distribution unit to expand rural reach
CureBay has acquired Saveo’s pharma distribution business to strengthen its rural supply chain and accelerate its full-stack healthcare model across underserved regions.
Renault bets big on new launches to regain lost market share, rolls out Duster at Rs 10.49 lakh
Renault is re-entering the Indian market with a renewed focus, launching the new Duster SUV and planning a lineup of fresh models. The company aims to reclaim lost market share, with a strong hybrid Duster variant slated for a festive season release. Despite global supply chain concerns, Renault's high localization ensures production remains unaffected.
Kirloskar Ferrous partially halts Solapur plant operations amid LPG disruption
The management is actively monitoring the supply chain crisis and exploring alternative sources of LPG or other resources to minimise operational impact. Shares of Kirloskar Ferrous Industries Ltd ended at ₹363, down by ₹1.70, or 0.47%, on the BSE today, March 17.
Ola Electric plans Rs 2,000 cr fundraise for battery arm
Ola Electric is raising up to Rs 2,000 crore by selling a stake in its battery unit, Ola Cell Technologies. This move aims to strengthen its finances and restructure operations. The company's battery plant in Tamil Nadu is set to expand its capacity. This development is crucial for India's domestic EV supply chain and energy storage solutions.
Market volatility is a portfolio reset opportunity: Utpal Sheth
Speaking to CNBC-TV18 on the red carpet of the 21st India Business Leader Awards, Utpal Sheth of Trust Group and Deven Choksey of DRChoksey FinServ said market volatility should be seen as an opportunity rather than a risk. Sheth advised investors to focus less on timing the market and more on identifying strong companies that can emerge as leaders during disruptions, while Choksey said Indian businesses remain resilient despite supply chain shocks and cost pressures, supported by steady consumer demand and continued government spending.
Supply chain shocks, not AI, driving markets: UBS’ Gautam Chhaochharia
Speaking to CNBC-TV18 at the 21st India Business Leader Awards, UBS’ Gautam Chhaochharia said global factors such as crude price volatility and supply chain disruptions are likely to drive Indian markets in the near term. While prolonged geopolitical tensions could weigh on corporate earnings, he noted that the recent market correction is creating pockets of value, particularly in financials and select consumer stocks.
Auto sector races to record February on double-digit sales growth
Indian automobile sales surged in February, marking the highest ever for the month. Passenger vehicles, two-wheelers, and three-wheelers recorded double-digit growth. This robust performance follows recent GST reductions. The industry anticipates continued demand in March. However, ongoing West Asia conflict poses potential supply chain and export challenges. Manufacturers are monitoring geopolitical developments closely.
Global shipping industry caught in storm of war
Global trade faces significant disruption as the war in the Middle East closes the Strait of Hormuz. This vital shipping lane's closure impacts container transport worldwide. Importers are already seeing increased costs for goods from China. Shipping companies are imposing surcharges due to rising fuel prices and longer routes. This situation revives fears of supply chain collapse.
Reliance Industries analysts do not see more downside on the stock; Check latest targets
Even if tensions ease soon, supply chain normalisation could take longer, keeping product cracks elevated and supporting refining and petrochemical margins.