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ITC to conclude Rs 3,498-crore Century Pulp buy next week
The transaction will be concluded next week after certain leases are transferred from Aditya Birla Real Estate, which houses Century Pulp and Paper, to ITC, the people said. ITC and Aditya Birla Group did not respond to ET's queries till press time.

Indian plastic maker Alternicq says Iran war has pushed up costs
The Iran conflict has sent plastic prices soaring by 40 percent, impacting the cost of routine commodities such as bottled water. This increase is no small matter, as manufacturers are compelled to pass these costs onto consumers. The silver lining? Analysts believe that, should peace return, costs may return to normal in four to six months.

Finolex Cables looking to increase its North East presence driven by govt's infra, electrification push
Finolex Cables is expanding its reach in Northeast India, focusing on Assam. Government investments in infrastructure and electrification are driving this growth. The company expects the Northeast to become a significant contributor to its business in the coming years.

Govt imposes export curbs on wood briquettes
India has restricted the export of wood briquettes. This eco-friendly fuel alternative now requires government permission. However, curbs have been eased on sawdust and wood waste exports. These changes come amid the West Asia crisis, which has impacted energy supplies.

West Asia war to dent India’s ceramic tile revenue by 1–2%
India's ceramic tiles industry faces a revenue drop this fiscal. The West Asia conflict disrupts production and exports. Supply constraints for key raw materials like gas are impacting operations. Exports to the Middle East are hit by logistical issues. Domestic consumption growth is also slowing. Companies anticipate lower profitability due to increased costs and reduced output.

West Asia Crisis: Indian paper industry faces rising energy cost, export disruption
India's paper sector confronts rising energy expenses and potential export market disruptions. West Asia is a significant buyer of Indian paper and paperboard. Geopolitical tensions in the region are impacting energy supplies and chemical imports. Export-oriented nations like China and Indonesia may divert surplus paper to India, creating price pressure on domestic manufacturers.

India's ceramics and tiles industry faces shutdown as Middle East conflict disrupts fuel
Morbi's massive ceramics industry is in crisis. Fuel shortages are forcing factories to halt production. Exports to the Middle East have stopped completely. Industry leaders warn of a widespread shutdown after March 15 if the situation does not improve. This threatens hundreds of thousands of jobs in Gujarat's vital tile sector.

NCLAT upholds admission of class action lawsuit against Jindal Poly Films
The National Company Law Appellate Tribunal has upheld a class action lawsuit against Jindal Poly Films. Minority shareholders had filed the suit claiming Rs 2,500 crore in damages. This ruling could significantly impact minority shareholder rights in India. Other shareholders can now join the lawsuit. The Securities and Exchange Board of India is also investigating Jindal Poly Films.

Govt aims Rs 2,000 crore turnover for Tripura agarwood sector
Union Minister Jyotiraditya Scindia announced plans to boost Tripura's agarwood industry turnover from Rs 100 crore to Rs 2,000 crore by establishing common processing centers and pursuing a Geographical Indication (GI) tag. The government has also increased the export quota for agarwood oil sixfold, aiming to strengthen the state's agar-based economy and generate significant employment.

The return of ye olde furniture: Planter’s antique pieces are here to add character & a sense of time to contemporary interiors
Meenu Khanolkar, a Bangalore-based furniture restorer, has been reviving vintage teak pieces for nearly 30 years, attracting a new generation of buyers through social media. Across India, designers and young homeowners are increasingly valuing furniture with history, patina, and character, repurposing old items into functional modern interiors.

Cabinet approves ?1,788 cr unit to boost high-security paper output
In a significant move to enhance national security, India has given the green light to a ₹1,788 crore initiative aimed at establishing a new banknote paper production line in Narmadapuram. This strategic venture promises to bolster domestic manufacturing capabilities for high-security materials used in currency and passports.

CCI clears ITC’s Rs 3,498-crore acquisition of Aditya Birla Real Estate’s paper and pulp business
The Competition Commission of India has approved ITC Limited's acquisition of Aditya Birla Real Estate Limited's paper and pulp business. This Rs 3,498 crore deal involves the transfer of ABREL's pulp and paper unit in Lalkuan, Uttarakhand to ITC. The acquisition now moves to the execution phase after receiving the antitrust watchdog's clearance.

Paper and paperboard imports from ASEAN surge 14 pc in Apr-Sept period: IPMA
Paper and paperboard imports from ASEAN countries surged 14% in the first half of FY2025-26, continuing a four-year trend of over 30% CAGR growth. This alarming rise, with ASEAN now comprising over 20% of India's total imports, threatens domestic industry investments. Predatory imports, facilitated by duty concessions under trade agreements, are being dumped into India, particularly from Indonesia and China.

Cosmo First enters into JV in South Korea with Filmax Corporation
Cosmo First Ltd, a plastic film maker, is forming a joint venture in South Korea with Filmax Corporation. This partnership aims to introduce Cosmo First's products into the South Korean market. It will also take Filmax's offerings to the global stage. The venture combines Cosmo First's technology and global reach with Filmax's local brand strength.

CCI raids paper mills in antitrust probe over supplies to schools body, sources say
India’s antitrust regulator, the Competition Commission of India (CCI), has carried out nationwide raids at six paper mills over alleged price collusion in supplying paper to the National Council of Educational Research and Training (NCERT), two people familiar with the matter said.


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