ESTEE LAUDER COMPANIES INDIA EXPANSION
Titan Q2FY27 update: Consumer businesses grow 25% YoY, jewellery up 21%
Titan Company’s consumer businesses grew 25% year-on-year in Q2 FY27, led by watches, EyeCare and jewellery. Domestic businesses rose 22%, while international operations surged 97%. Titan added 78 net stores, taking its overall consumer store network to 3,758 in September 2026.
Backward integration, captive power seen aiding profitability of secondary steel players
Secondary steelmakers in India are improving profitability by investing in captive power and backward integration, helping offset volatile raw material and energy costs, according to CRISIL. Operating margins are expected to rise to 6.6% this fiscal, with integrated players earning Rs 1,500-2,000 more EBITDA per tonne than non-integrated peers.
From Landlines to 6G: How India’s Telecom Revolution Transformed Connectivity
India's telecommunication sector has evolved from a sparse network of landlines to a robust mobile connectivity framework, embracing technologies like 2G, 3G, and 4G, culminating in the recent rollout of 5G. As the nation gears up for 6G, it aims to enhance the global digital landscape while improving the daily online experiences of its citizens.
Meesho shares jump 6% as content commerce NMV grows 152% in Q2. Buy, sell or hold the stock?
Meesho shares rose after strong growth in its Content Commerce business, with NMV increasing 152% year-on-year. Brokerages remain divided, with UBS and Jefferies positive on the stock, while Nomura has a Reduce call.
Lord’s Mark strengthens UK and UK allied market strategy with regulatory backing for IVD portfolio.
In an exciting development, Lord's Mark Industries has secured registration for its In-Vitro Diagnostic portfolio with the MHRA, significantly boosting market access. This follows the approval of their AI-enhanced Renalyx haemodialysis system in the UK. The firm aims for a December 2026 market launch for its IVD products, ahead of schedule, along with a planned January 2027 start for its pathology lab, highlighting its strong commitment to global healthcare integration.
UPI MDR spurs soundbox expansion beyond metros
The industry has scope to increase soundbox deployments from about two crore to five crore over time, a top official at the National Payments Corporation of India (NPCI) said, requesting anonymity.
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Piyush Goyal steps up US outreach, pitches India to global investors for deeper investment ties
Union Commerce and Industry Minister Piyush Goyal held meetings with top executives from prominent investment firms and consumer companies. He discussed investment opportunities and partnerships with Blackstone, Neuberger Berman, and The Estee Lauder Companies. The discussions included India's manufacturing, sourcing, and its growing beauty and personal care market. Goyal's engagement aimed to strengthen investment linkages and explore further business opportunities.
McDonald's supplier HyFun plans $208 million India IPO
HyFun Foods intends to raise up to 20 billion rupees through an IPO planned for late 2028. The company expects to initiate preparations for this IPO in mid-2027 as local demand increases. As frozen food becomes more popular, the firm anticipates significant revenue growth by expanding its capacity. The share of exports in revenue is projected to decrease from three-fourths to half within five years.
Majority of banks see credit growth outpacing deposits in Q2, RBL Bank leads the way
In the second quarter, most banks experienced higher credit growth compared to deposit growth. HDFC Bank and Bank of India were notable exceptions, demonstrating higher deposit growth rates. RBL Bank led the growth charts in both assets and liabilities, although it started from a lower base. Union Bank of India had the largest disparity between credit and deposit expansion rates among the banks.
Sauce's Manu Chandra on consumer exits; Physical AI's regulation push
Sauce's Manu Chandra said he expects larger exits for investors of India's new-age consumer brands. This and more in today’s ETtech Morning Dispatch.
From 95% imports to Rs 6.27 lakh crore in smartphone output: Jyotiraditya Scindia on India's mobile manufacturing growth
India's mobile phone manufacturing sector has grown from two companies to 300 over the last 12 years. The country now produces smartphones valued at ₹6.27 lakh crore, a remarkable increase from ₹20,000 crore. Broadband users have surged from 60 million to over 1 billion in the same period. India has developed its own 4G technology that supports over 1 lakh towers.
German Mittelstand expands engineering and technology operations in India
German mid-sized companies are increasingly expanding their engineering and technology operations in India, particularly in Bengaluru. More than 80 German companies operate over 150 global capability centre (GCC) units employing over 130,000 professionals. Access to engineering talent and skilled professionals in India drives this rapid growth, which has seen GCCs grow by 108% in five years. Many of these companies now collaborate with universities and startups to enhance capabilities further.
Tata Steel expanding NINL capacity to 5 MT per annum: CEO TV Narendran
Tata Steel is channeling Rs 40,000 crore towards boosting the capacity of Neelachal Ispat Nigam Limited (NINL) by an impressive 5 million tonnes annually. This strategic acquisition, which was finalized on July 4, 2022, cost Rs 12,100 crore. After being idle for over three years due to financial turmoil, NINL is now revived.
China’s loss could be India’s gain as Japan Inc sours on China
Japanese companies are reducing their presence in China due to rising competition and geopolitical tensions. They are now considering investment opportunities in India, which offers a large domestic market. Japanese financial institutions are also expanding their operations in India and viewing it as a promising destination. While Japan is diversifying its investments, it is still maintaining significant ties with China.
UltraTech commissions 116.55-MW wind project; 1st Indian co to hit 2 GW captive green power capacity
UltraTech has become the first Indian company to cross 2 GW of captive green power capacity with a recent commissioning of a 116.55-MW wind energy project in Barmer, Rajasthan. Additionally, the company has added 10 MW of Waste Heat Recovery System capacity at its Karnataka unit. UltraTech's current green energy capacity now meets approximately 48 percent of its power requirements across operations.
SCI to help India achieve ambition of becoming top shipping nation: Sonowal
India's Union Minister Sarbananda Sonowal emphasized the importance of domestic shipbuilding at the Shipping Corporation of India's anniversary. The company is expected to see its Profit After Tax surpass Rs 2,000 crore this fiscal year. Sonowal called on SCI to play a key role in achieving the national goal of self-reliant shipbuilding by 2047.
IT sector faces another muted quarter as pricing pressure, geopolitics weigh on growth: Report
India's IT sector is expected to see limited growth in Q2FY27 due to various pressures and headwinds. Predictions indicate large-cap firms might experience a modest revenue increase, while mid-cap companies could outperform. Although margins might improve slightly, profitability could continue facing challenges from investment needs. The Nifty IT index has dropped significantly, reaching multi-year lows due to weak demand.
Shyam Metalics signs deal to invest over $5 billion in Maharashtra state
Shyam Metalics and Energy has signed an agreement with the Maharashtra government for a significant investment. This investment will establish a greenfield steel complex in Chandrapur with a capacity of 9 million metric tonnes per year. The project is expected to create approximately 30,000 jobs, which includes both direct and indirect employment. Operations for the new steel plant are anticipated to commence in the ongoing financial year, pending necessary approvals.
India's manufacturing PMI hits 7-month high in September as domestic, export demand strengthen
India’s manufacturing activity accelerated to a seven-month high in September, with the HSBC PMI rising to 55.1 from 52.8 in August as stronger domestic and export demand lifted new orders and output. Factory production posted its sharpest expansion in four months, while hiring resumed and business sentiment improved.
India factory activity rebounds sharply in September as demand revives, PMI hits 7-month high
India's manufacturing sector rebounded in September after a three-month slowdown, driven by strong demand for various products. The HSBC India Manufacturing Purchasing Managers' Index rose to 55.1, indicating notable growth in factory activity. New orders increased significantly, with manufacturers reporting higher export demand from multiple international clients. Employment in the sector also expanded, recovering from a previous decline in August.
Canon India targets 10,000 retail printer partners across 700 cities by 2027: CEO Toshiaki Nomura
Canon India sets ambitious plans to expand its consumer printing retail network by targeting 10,000 resellers by 2027. CEO Nomura says Canon is betting on smaller cities as India bucks a global slump in printer demand
India prominent market for Canon; plans to expand retail network by 2027: India CEO Nomura
Canon India has ambitious plans to grow by reaching over 10,000 active resellers by 2027. The company anticipates growing demand in smaller Tier 2, 3, and 4 cities as key segments drive growth. Canon's current strategy includes enhancing its omni-channel retail presence, combining offline and online sales. The imaging market is evolving with a shift towards mirrorless cameras and videography.
DoorDash to create 3,000 jobs at global tech centre in India
DoorDash will create 3,000 jobs in India over the next two years through a new global technology hub in Hyderabad, its second tech office in the country after Pune. The centre will initially focus on customer support and administrative functions, adding to Hyderabad’s growing roster of global capability centres.
TVS Motor Company leases 5 lakh sq ft office in Bengaluru for 10 years
TVS Motor Company has secured a long-term lease for over 500,000 sq ft of office space in Bengaluru. The lease will span more than ten years and aims to consolidate existing operations. This transaction reflects the growing trend among companies seeking larger office spaces. Bengaluru's office market continues to thrive, with demand extending beyond traditional business districts.
Prozo launches largest 1.1 lakh sq. ft. fulfilment centre in Bhiwandi, strengthening supply chain presence
Prozo has unveiled a new fulfilment centre in Bhiwandi, bolstering its presence in Maharashtra. The facility, which covers 1.1 lakh sq. ft., is strategically located to support logistics along vital corridors.
Affordable housing lenders need new branches, catchments as mature outlets see growth stagnation: Report
Affordable housing finance companies are experiencing stagnating growth and need to enter new markets for sustainability. Their existing branches are becoming more penetrated, necessitating branch additions in new areas. Despite this, demand remains robust, with healthy expectations for disbursement improvements. Increasing competition from unlisted companies and larger NBFCs poses significant challenges in the sector. Additionally, employee attrition is affecting customer retention across many regions monitored.
SUJÁN acquires Chiawa Camp and Old Mondoro, expanding its conservation-led safari portfolio into Africa
SUJÁN has acquired Zambia’s Chiawa Camp and Old Mondoro, marking the conservation-led luxury hospitality company’s first major international expansion beyond India. The company plans to more than double its portfolio over the next four years through selective growth focused on conservation, local communities and wilderness tourism.
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