ITC bets on buyouts to grow food business

NEW DELHI: After the recent acquisitions of Yoga Bar and 24 Mantra Organic, ITC Foods is sharpening its focus on strategic takeovers to accelerate growth, gain rapid entry into high-potential categories, and align with consumer preferences for health, indulgence, convenience, and premium offerings. This move aligns with the ‘ITC Next’ strategy, which prioritises value-accretive acquisitions…

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Auto companies seek govt help for magnet imports

NEW DELHI: The automobile industry has sought govt support in expediting approvals from the Chinese govt for importing rare earth magnets used in various applications, including passenger cars. As per sources, various domestic suppliers have already sought approval from the Chinese govt through their local vendors in China.However, no approvals have been granted so far,…

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China tightens supply: India’s auto industry seeks govt help on rare earth magnet imports; key EV parts impacted

NEW DELHI: The Indian automobile industry has urged the government to step in and help fast-track pending approvals from Chinese authorities for importing rare earth magnets—key components used in electric motors and various car applications.According to PTI, industry sources revealed that, several Indian suppliers have applied for approvals through their local partners in China. But…

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Mohandas Pai flags lack of domestic capital for Indian startups; urges policy overhaul; calls for stronger R&D support

NEW DELHI: Indian startups are struggling to grow due to limited domestic investment and restrictive government regulations, warned industry veteran and Aarin Capital Chairman Mohandas Pai, calling for urgent policy reforms and increased R&D funding to boost the ecosystem.He cautioned that despite India’s position as the world’s third-largest startup ecosystem, the nation could lose ground…

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