WebinarsNew
Deep DiveNew
Explore Business Standard
The home and personal care sector requires about Rs 1 lakh crore investment initially for a sustainable future using more eco-friendly methods like clean energy and processes for production, as per the industry estimates. The Indian Home and Personal Care (HPC) industry, currently valued at approximately Rs 65,000 crore for home care and nearly Rs 2,00,000 crore for personal care, is poised for a major shift towards sustainability, a statement by Indian Home and Personal Care Industry Association (IHPCIA) said. The sector stands at a critical juncture where strategic investments in renewable resources, eco-friendly manufacturing, and advanced packaging solutions can drive beyond GDP-linked growth and propel double-digit expansion. To enable this transformation, the industry requires substantial capital infusion. A transition from fossil-based inputs to renewable alternatives demands the construction of ethylene cracker complexes, each costing around Rs 20,000 crore, with at least f
Pharma major Cipla Ltd will acquire the cosmetics and personal care distribution and marketing business of Ivia Beaute Pvt Ltd, including the latter's brands Astaberry, Ikin and Bhimsaini, on a worldwide basis for Rs 130 crore, according to a regulatory filing by the company. Cipla Health Ltd (CHL), a wholly owned subsidiary and consumer healthcare arm, has signed a Business Transfer Agreement (BTA) for purchase of the distribution and marketing business undertaking of the cosmetics and personal care business of Ivia Beaute Pvt Ltd, Cipla said. This strategic move is aligned with Cipla's focus on enhancing its consumer healthcare and wellness portfolio, it added. The acquisition will include Ivia Beaute's brands namely Astaberry, Ikin and Bhimsaini on a worldwide basis, the company said. On the cost of acquisition, Cipla said it will be "Rs 130 crore on the closing date and Rs 110 crore contingent upon achievement of certain financial parameters (milestones) for next 3 years as ...