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Sunday, June 29, 2025

Paint industry trends: Fierce competition dent sales; companies eye FY26 revival

Indian paint companies like Asian Paints and Berger Paints are facing challenges due to weak urban demand and intense price competition, impacting their profit margins in FY25. Despite these headwinds, they anticipate a modest recovery in FY26, fueled by increased disposable incomes and government initiatives.

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Structured tender model for shipbuilding: Govt aims tech transfer, local manufacturing

India is boosting its shipbuilding capabilities by adopting a "structured tender" approach for specialized vessels like gas and oi...