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Anthropic approaches $1T valuation; Google ads face heatAnthropic neared a trillion-dollar valuation following fresh funding. This and more in today's ETtech Top 5.- West Asia war: Morbi-Thangadh ceramic clusters gasp for gas, units shut, losses mountSince the beginning of the war, these two clusters are struggling due to a shortage of propane, with many units closing shops.
- Ganga Bath Fittings IPO to open on June 4; aims to raise Rs 32.65 croreGanga Bath Fittings will open its Rs 32.65 crore IPO on June 4, 2025, with listing planned on NSE Emerge. Funds will support machinery purc...
- Fundamental Radar: 5 factors to drive 14% sales CAGR for Hindware Home: Sandeep RainaHindware expanded its addressable market to Rs 50,000 crore in 2022 from Rs 4,000 crore in 2012 by extending its established brand ‘Hindwar...
- Warburg Pincus buys bathroom fittings major WatertecThe US based private equity fund Warburg Pincus has signed an agreement to acquire a majority stake in Watertec India. Watertec (India) is ...
- Warburg Pincus, Kedaara in talks to acquire WatertecWatertec (India) Pvt Limited was set up in 1997 as a three-way joint venture among Coimbatore-based UMS Group, Watertec Malaysia and Sri La...
- Companies eye bathware business. Is it really a lucrative option?The bathware business has been on the radar of various real estate allied industry players for diversification prospects. Market giants suc...
- Sanitaryware stocks have seen a correction. Is it a dip before the rise?The ceramic companies’ stocks had risen significantly after the pandemic, as there was a surge in the real estate market and government spe...
- Asian Granito to fund expansion via Rs 500-crore rights issueUnder this expansion, the company plans to set up three manufacturing units at an investment of around ₹300 crore in luxury surfaces and ba...
- Vijay Kedia likely exited these two companies in December quarterKedia's name was missing from the key shareholders' list of Cera Sanitaryware and Elecon Engineering Company. Vijay Kedia held 1,35,306 equ...
- Ceiling fans are ushering in the winds of change at the heart of Indian ceramic industryHome to 225 ceramic units, Thangadh as an industrial town has seen the most flourishing business in manufacturing and exporting sanitarywar...
- Sanitaryware industry urges government to cut GST, encourage hygieneThe manufacturers hoped that the Union Budget, which is slated to be presented on Friday, would pave the way for the GST Council to take th...
- HSIL eyes doubling building product sales to Rs 2,000 cr in 5 yearsSanitaryware manufacturer HSIL is looking to double sales to Rs 2,000 crore from its building product division in the next five years.
- CCI rejects complaint against Hindustan SanitarywareCCI has rejected allegations of unfair business practices made against HSIL with regard to a dealership in Madhya Pradesh.
- H&R Johnson eyes 40% growth in bath-fittings businessH&R Johnson expects a 40% y-o-y growth in its bath-fittings and sanitary-ware biz over the next 3-yr period, a senior company official toda...
- Somany signs up to acquire 26% equity stake in VTPLThe stock rose to Rs 47.80 on Thursday from Wednesday's close of Rs 45.45 and was trading at Rs 46.90.
- Hindustan Sanitaryware eyes 2 firms in EuropeHindustan Sanitaryware & Industries (HSIL), which sells its products under Hindware brand, is eyeing acquisitions in Europe
- Hindustan Sanitaryware aims Rs 2,500 cr turnover by 2013-14The Somany Group flagship company Hindustan Sanitaryware is planning a major expansion of glass and ceramic sanitaryware divisions, besides...
- Hindustan Sanitaryware up 3% on expansion planHindustan Sanitaryware & Industries has proposed to expand its container glass division for manufacturing glass bottles and jars at a new l...
- Sparkling SuccessRecognising a market opportunity and addressing it has been the beginning of many entrepreneurial ventures.
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