FOOTWEAR MANUFACTURING
From tyres to footwear: How Brisil is finding new uses for rice husk ash
Rice husk ash is often treated as industrial waste. Vadodara-based Brisil converts it into green silica—a material used in tyres, footwear, paints, toothpaste, and rubber products, offering industries a lower-carbon alternative to silica made from mined sand and quartz.
Ronaldo retires from international football, but his CR7 brand reaches far beyond the game: Inside his business empire of hotels, hair clinics, YouTube and more
Ronaldo retirement: As Cristiano Ronaldo prepares to end his 23-year international career with Portugal, his business interests stretch far beyond football. From six hotels and 13 hair-restoration centres to fashion, fitness and a YouTube channel that gained 10 million subscribers in 12 hours, here's a look at the ventures carrying his name.
Our operating leverage is kicking in: Peyush Bansal after Lenskart's 21% Q2 revenue rise
Bansal also spoke about the scope for Lenskart’s growth in India and overseas, the push towards premium products and the company’s long-term profitability ambitions.
After IPO, Acme Universal Safezone posts Rs 7-cr profit in H1FY27
Acme Universal Safezone 9 Ltd has announced its first half FY27 financial results showing a net profit. The company previously reported a net loss of Rs 7.55 crore in the same period last fiscal year. Revenue from operations increased to Rs 119.93 crore, reflecting a growth of 16.09 percent year-on-year. IPO proceeds will be used for expansion, working capital, and potential acquisitions.
India’s small companies need to see AI as more than an artificial promise
India MSME news: India's micro, small and medium enterprises are exploring the adoption of artificial intelligence to enhance productivity. AI is expected to generate significant economic value for these enterprises in manufacturing and services sectors. Various challenges remain regarding the integration of AI into existing workflows and overcoming cost barriers. Collaborative efforts among industry bodies, technology providers, and the government are essential for facilitating this transition.
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Tesla, Samsung oppose new US tariffs on Vietnam as probe deadline nears
Businesses are divided over whether Washington should propose new tariffs on Vietnamese goods this month, with Tesla and Samsung not in favour, while others have called for penalties, submissions to the US government show.
Tesla, Samsung oppose new US tariffs on Vietnam as probe deadline nears
A trade investigation into Vietnam's intellectual property practices is nearing a conclusion with a November 29 deadline. Various industries have conflicting views on whether new tariffs should be imposed on Vietnamese goods. Tesla and Samsung are against additional tariffs, while steel and wood sectors advocate for penalties. Vietnam has faced escalating exports to the US, surpassing its previous trade standings.
Move beyond domestic market to build global brands: Piyush Goyal tells industry
Piyush Goyal emphasized that Indian talent should be viewed as a global brand alongside established names. He called for Indian businesses to enhance their competitiveness and focus on quality. Goyal mentioned the importance of promoting domestic products without restricting consumer freedom. He also outlined challenges posed by international competitors like Vietnam and Malaysia. Additionally, he stressed that work ethic contributes significantly to success in India’s economy.
Government should support both job-creating and frontier industries: EAC-PM chairman Dev
S Mahendra Dev highlighted the importance of supporting job-creating and frontier industries for future economic growth. He mentioned that sectors like textiles and technology can significantly enhance India's industrial landscape. The need for improved competitiveness and product quality in various firms was also emphasised. Furthermore, land availability and global supply chain shifts present unique opportunities for India. Overall, addressing these challenges is crucial for the country's industrial transformation ahead.
Virat Kohli becomes Agilitas’ second-largest individual shareholder after one8 merger
Virat Kohli's stake in Agilitas Sports has increased significantly following the merger with his one8 brand. The merger was approved by the National Company Law Tribunal, enhancing Agilitas’ product development capabilities. Kohli invested Rs 40 crore in Agilitas and remains a co-founder of one8. Agilitas aims to build a leading global sportswear brand from India through this integration.
India’s running boom has Nike, Asics sprinting for the next $10 billion
Nike has introduced the Vegam Run, its first running shoe tailored for the Indian market. Priced at Rs 3,795, it aims to attract more consumers during a time of increasing running participation. As global sportswear brands recognize the expanding market, both Asics and Adidas are also enhancing their offerings in India. While Asics plans significant growth, Adidas is expanding its manufacturing footprint in the country.
India, Mexico begin talks for trade pact; aim to boost commerce, investments
India and Mexico have initiated negotiations for a preferential trade agreement to enhance bilateral trade and investment. The agreement aims to create new economic opportunities while addressing market access, customs procedures, and trade facilitation. Discussions included organising a Mexican business mission to India in early 2027 to improve commercial ties. India had a trade surplus with Mexico, largely due to exports in autos and pharmaceuticals.
India considers measures to boost local production of 100 critical inputs to cut import reliance, government official says
India is taking steps to encourage the local manufacturing of 100 key items that are currently imported. This initiative aims to decrease dependence on foreign suppliers, especially from China, to enhance domestic production capabilities. The government has identified these crucial items from a broader import list valued at $51 billion, which includes various sectors. By reducing reliance on imports, India hopes to strengthen its economy and mitigate supply chain risks.
Lenskart, Meesho among top picks as value retail leads India's consumption story: Siddhartha Khemka
Value-focused retail formats are growing, while premium categories experience challenges due to stock availability issues. Recent demand fluctuated with a dip noted in September and October, with expectations for improvement in mid-October. Beauty products significantly influence sales, contributing to the overall trends in the market. Rural incomes may pose risks to discretionary spending as festive season approaches. Companies with effective inventory management and store-level traction are better positioned for growth.
India's exports to Germany could cross $50 billion by 2030: ASSOCHAM
ASSOCHAM said the potential for expanding market access, investment and business partnerships between India and Germany. It said the two countries could use their respective strengths in manufacturing, technology and innovation to deepen economic ties and create new growth opportunities.
State of Joy strengthens India footprint with 4,000+ retail touchpoints and plans for exclusive brand outlets
State of Joy has launched Anatom, an innovative footwear collection that prioritizes comfort and practicality. This collection features Anatom School Shoes, specifically designed to meet the daily requirements of children. With an emphasis on meticulous engineering, these shoes are ideal for all-day wear. As part of its growth strategy, State of Joy plans to broaden its retail footprint across India, targeting both Tier 1 and Tier 2 markets.
India’s growth story needs jobs to match the numbers, says ex-RBI Governor D Subbarao
Former RBI Governor D Subbarao has said India must make economic growth more employment-intensive, warning that rapid output expansion alone cannot deliver a demographic dividend. He called for greater private investment, labour-intensive manufacturing and improved skills, while urging transparent technical scrutiny of GDP estimates and differences with other economic indicators.
India-New Zealand FTA comes into effect today
The FTA will provide Indian exporters with 100% duty-free access to the New Zealand market, opening opportunities for MSMEs, women entrepreneurs, farmers and artisans. This is expected to facilitate $20 billion in investments into India in 15 years that would create opportunities across manufacturing, infrastructure, agriculture, and innovation.
India-New Zealand FTA kicks in October 20, gives all Indian goods zero-duty access
India's free trade agreement with New Zealand will begin on October 20 and provide duty-free access for Indian goods. This agreement aims to boost bilateral trade significantly by 2030, increasing it from $2.4 billion to nearly ₹35,000 crore. New Zealand will grant 100% market access, while India will provide tariff concessions on 70% of its tariff lines. Customs clearance timelines will be expedited, enhancing trade efficiency and reducing costs.
India & Canada aim to close trade deal before Modi visit
"We are hoping to get there. We have another round of negotiation, as I mentioned, on November 9 back in New Delhi. So, I'll be bringing my chief negotiator and the full team with me," Canada's minister for international trade Maninder Sidhu said, adding that the officials of both countries are actively working on wrapping up the trade agreement, with Modi scheduled to visit Canada on December 11-12.
ETtech Deals Digest: Boldfit, GreenCell lead as weekly funding hits $232 million, down 45% on-year
Boldfit led deal activity with $41.5 million, followed by GreenCell Mobility at $34.5 million, Inner Sky Labs at $30.9 million, and Scimplify at $25 million. Accel was among the most active investors, backing Scimplify, Origin, and CosmoChute. Elevation Capital invested in Mesa School of Business and Spill Games, while Pantera Capital backed Fission Labs.
These mid-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%, according to analysts
Why should one be careful of the market at this juncture? One reason is that stocks are still not cheap. Even after all the nervousness of the past over two years, valuations have not come down to levels where you can say you are getting a bargain. When you buy something that is not cheap, you have less room for error, because the price already assumes things will go well.
Want an early signal on the economy and stocks this festive season? Watch 19 stocks, and what their managements say in the next 20 days
There is a set of companies that sees the shape of the economy before economists do. They know when a household decides to spend or hold back; to buy better things or cheaper ones. This festive season, what these companies sell, and what they say about it afterwards, will tell you more about where consumption is headed than any official number. Watch them closely. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members.
High crude vs festive demand: Can consumption stocks withstand the oil shock?
As the festive season approaches in India, high crude oil prices stir worries over profit margins for companies across sectors like FMCG and apparel. With input and logistics costs rising, analysts indicate that while consumer spending could increase, the burden of elevated crude prices might pressure profit margins. Larger, established brands may adapt more easily than smaller firms, leaving a challenging equation between cost absorption and maintaining market position.
The Wealth Company AIF invests Rs 400 crore in Boldfit
Founded in 2018 by Pallav Bihani, Boldfit offers sportswear, athletic footwear, sports equipment, and fitness essentials. It has grown at a compound annual growth rate (CAGR) of more than 80% over the past three years and serves over 2 crore customers annually, according to a company statement.
GST Council bets on faster refunds, lower penalties to ease business burden
The 57th GST Council meeting has introduced measures to simplify compliance and expedite refunds for businesses. Recommendations include increasing the prosecution threshold and reducing penalties for non-compliance. The proposed framework features faster acknowledgement timelines for claims and provisional refunds for taxpayers. Changes to the inverted-duty structure are set to unlock credits in various sectors including textiles and manufacturing.
EU and China strike interim trade deal that could cut Chinese hybrid exports
China and the European Union have agreed on a preliminary trade deal to address trade imbalances. This deal includes reduced tariffs on certain European goods and measures for reliable rare earth supply chains. The EU trade commissioner noted that this agreement could significantly decrease Chinese electric vehicle imports. Both sides aim to resolve the underlying factors contributing to China's substantial trade surplus with the EU.
These mid-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%, according to analysts
What is needed in the markets these days is realism. Not fear or gloom, but a clear-eyed acceptance of where things actually stand. Realism means not hoping for things facts do not support. It means accepting that the next few months may be difficult: That earnings may disappoint, that prices may fall further. It also means planning for such a scenario instead of just hoping that it will go away.
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