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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The legendary Karsanbhai became a household name, courtesy a detergent that became ‘sabki pasand’. Can his son Hiren recreate that magic?
Editor's note: Nine years after delisting from stock exchanges, the Nirma group is making a comeback to the capital markets. And leading the charge this time around is Hiren Patel, son of the legendary Karsanbhai Patel, who made history by briefly humbling the mighty Hindustan Unilever Ltd (then called Hindustan Lever Ltd) with a home-made detergent in the 1980s. The junior Patel heads the Ahmedabad-based group’s cement arm, Nuvoco Vistas Corp. Ltd, which has filed its prospectus with the Securities and Exchange Board of India to raise around Rs 5,000 crore through an initial public offer, sometime in June or July. Nuvoco Vistas is not a name that rolls off the tongue when you think of the Indian cement sector. Yet it has quietly pursued an aggressive mergers and acquisitions strategy in the past five years to emerge as the fifth largest cement player in the country. It is also the biggest player in the eastern market, which incidentally is the fastest growing in the country. In 2016, the group acquired the Indian assets of LafargeHolcim for $1.4 billion. In February 2020, …
The legendary Karsanbhai became a household name, courtesy a detergent that became ‘sabki pasand’. Can his son Hiren recreate that magic?
Editor's note: Nine years after delisting from stock exchanges, the Nirma group is making a comeback to the capital markets. And leading the charge this time around is Hiren Patel, son of the legendary Karsanbhai Patel, who made history by briefly humbling the mighty Hindustan Unilever Ltd (then called Hindustan Lever Ltd) with a home-made detergent in the 1980s. The junior Patel heads the Ahmedabad-based group’s cement arm, Nuvoco Vistas Corp. Ltd, which has filed its prospectus with the Securities and Exchange Board of India to raise around Rs 5,000 crore through an initial public offer, sometime in June or July. Nuvoco Vistas is not a name that rolls off the tongue when you think of the Indian cement sector. Yet it has quietly pursued an aggressive mergers and acquisitions strategy in the past five years to emerge as the fifth largest cement player in the country. It is also the biggest player in the eastern market, which incidentally is the fastest growing in the country. In 2016, the group acquired the Indian assets of LafargeHolcim for $1.4 billion. In February 2020, …
FY26 numbers show that Airtel is stealing a march on its larger rival on most counts and is unrelenting in its ambition, casting a cloud on Jio’s valuation.
Telecom and retail both continue with their ‘hit and miss’, while O2C delivers an unsurprisingly poor performance in Q4. This is a year RIL will be glad to see the back of.
Telecom and retail, which account for half the conglomerate’s revenue and most of its valuation, aren’t accelerating fast enough to justify their price tags.
FY26 numbers show that Airtel is stealing a march on its larger rival on most counts and is unrelenting in its ambition, casting a cloud on Jio’s valuation.
Telecom and retail both continue with their ‘hit and miss’, while O2C delivers an unsurprisingly poor performance in Q4. This is a year RIL will be glad to see the back of.
Telecom and retail, which account for half the conglomerate’s revenue and most of its valuation, aren’t accelerating fast enough to justify their price tags.
