Thursday, September 10
UltraTech Cement will cross the 200 MTPA capacity mark by the end of this fiscal, a year ahead of the targeted FY27, its Chairman Kumar Mangalam Birla said on Tuesday. With this, the flagship Aditya Birla Group firm is now well poised to become the largest cement-selling company in the world, outside China, said Birla while addressing the shareholders in the AGM. Birla said with 6.5 per cent GDP growth in FY25, India is the fastest-growing major economy in the world, and the March quarter growth of 7.4 per cent was led by construction and manufacturing. "Despite risks from global market volatility, geopolitical developments, and fragmented trade relations, India's strong fundamentals, resilient financial system, and policy focus on long-term stability, position it well to sustain growth. T
Global furniture retail IKEA is gearing up for its 'second wave' of growth in India, with an accelerated expansion plan backed by stronger local sourcing, robust logistics, and a deeper omnichannel strategy after investing over Rs 10,500 crore in the first phase, said Patrik Antoni, CEO, IKEA India.The Swedish company will now add four to six new customer touchpoints in India every year, a sharp step-up from its earlier pace of opening one store every year or two."India is not only a retail country, not only a sourcing country, but really a part of the global ecosystem for IKEA," Antoni said. "We have been focusing the expansion in six states where we already have a good supply chain set up. It’s not just about pressing the button, but almost."Meanwhile, Jesper Brodin, CEO of INGKA Group
