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Alaya By Stage3 raises seed funding to scale AI-led expansion in India’s ethnic wear market
Alaya By Stage3, an Indian wear brand, secured seed funding. The capital will boost operations and supply chain. AI integration will enhance efficiency. The company aims for Rs 50 crore ARR in two years. This investment supports growth in the ethnic wear market. Alaya By Stage3 plans a larger institutional round later this year.
GAIL says its LNG vessel Energy Fidelity flagged off from US; to bolster India's energy supply chain
GAIL's Energy Fidelity vessel with a carrying capacity of 174,000 cubic meter (cbm) was flagged off on April 20 and is now en route to India. The ceremony was presided over by India's Consul General in Houston, Texas, D C Manjunath, GAIL said in a statement.
ICICI Bank shares rise after Q4 results; Five factors why analysts are bullish
The management of ICICI Bank affirmed no concerns in its loan portfolio, particularly in business banking, due to the ongoing supply chain disruptions from the West Asia conflict, which JPMorgan believes is "comforting."
TVS Supply settles dispute with ZTE, withdraws insolvency plea in NCLAT
TVS Supply Chain settles debt dispute with ZTE Telecom India, withdraws NCLAT appeal after NCLT had earlier rejected its insolvency plea over a disputed ₹4.27 crore claim
Allcargo Logistics strengthening supply chain frameworks for FMCG players
Allcargo Logistics is enhancing supply chains for FMCG companies. This involves optimizing networks, integrating technology, and planning transportation. The goal is to manage increasingly complex inventory flows. FMCG companies are expanding product lines and facing evolving consumer demands. This leads to smaller shipments and more frequent deliveries. Allcargo Logistics offers solutions for better visibility and efficiency.
US market outlook stable; India to gain from supply chain shift: Oppenheimer Asset Management
John Stoltzfus, MD and Chief Investment Strategist, Oppenheimer Asset Management, said that over the medium term, diversification of global supply chains and sectoral strengths in technology, healthcare, and manufacturing are expected to support growth across regions, including a potential recovery in India’s relative performance.
Industry seeks duty relief on key chemicals amid supply disruptions
Indian industry bodies are urging the government to temporarily suspend anti-dumping duties on key chemical feedstocks. This move aims to ease supply chain disruptions caused by the West Asia crisis. The proposals focus on protecting MSMEs and ensuring the availability of essential raw materials for packaging and consumer goods. Reductions in import duties are also sought to manage rising costs.
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.
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.
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.