Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
UltraTech's cables, wires entry sparks market turmoil
The New Indian Express Hyderabad
|February 28, 2025
The entry of UltraTech, the flagship cement company of the Aditya Birla Group, into the cables and wires (C&W) business has triggered a sharp decline in the shares of existing players in the market.
Analysts believe that India's largest cement manufacturer will have a significant advantage in establishing itself in this sector, benefiting from its extensive distribution network and the ability to source raw materials efficiently within the group. On Thursday, shares of major C&W companies plummeted: Polycab Ltd dropped 19% to ₹4,677, KEI Industries crashed over 21% to ₹2,989, and R R Kabel fell 20% to ₹892. Finolex Cables and Havells also saw declines of 6% and 7%, respectively.
This story is from the February 28, 2025 edition of The New Indian Express Hyderabad.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Hyderabad
The New Indian Express Hyderabad
'No timelines, no deemed assent for bills'
SC says as per Constitution, President not required to seek apex court advice every time a bill is reserved by Governor
3 mins
November 21, 2025
The New Indian Express Hyderabad
No access to edu or health for 200 mn Indian kids
AROUND 206 million children in the country lack access to one of the six basic services— education, health, housing, nutrition, clean water and sanitation—which impact the quality of life and opportunities, said the UNICEF report released on Thursday.
1 mins
November 21, 2025
The New Indian Express Hyderabad
ED files chargesheet against Vadra in laundering case linked to arms dealer
THE Enforcement Directorate (ED) filed a chargesheet on Thursday against Robert Vadra, businessman and brother-in-law of Rahul Gandhi, in a money laundering case linked to UK-based arms dealer Sanjay Bhandari.
1 min
November 21, 2025
The New Indian Express Hyderabad
MINING CHAOS PERSISTS, SONBHADRA PAYS AGAIN
THE stone-quarry collapse at Sonbhadra in Uttar Pradesh, which took seven lives, is not a mishap that can be explained away by chance.
1 mins
November 21, 2025
The New Indian Express Hyderabad
Vedic ritual for Ram temple flag hoisting today
THE Vedic rituals for the Dharm Dhwajaarohan (flag-hoisting) ceremony at the Ayodhya Temple will commence on Friday.
1 min
November 21, 2025
The New Indian Express Hyderabad
Stronger regional security network key in changing global order: Doval
NATIONAL Security Adviser Ajit Doval Thursday underscored the “significance” of strengthening regional partnerships amid a “rapidly changing and challenging global security environment,” as he opened the NSA-level meeting of the Colombo Security Conclave (CSC) in New Delhi.
1 mins
November 21, 2025
The New Indian Express Hyderabad
LINKING INDIA'S 2-SPEED ECONOMY
THE parallel analysis of some key indicators reveals a sharp and persistent divergence in India’s growth story. The Index of Industrial Production for September 2025, when combined with RBI’s Industrial Outlook Survey for July-September 2025, highlights a troubling conflict. Industrial growth is being vigorously driven by investment and capital goods, but is being held back by uneven household demand, particularly in mass-market segments.
3 mins
November 21, 2025
The New Indian Express Hyderabad
Newspaper office in Jammu raided, cops say weapons seized; 4 more in NIA net
THE National Investigation Agency (NIA) on Thursday formally took custody of four accused involved in the November 10 blast outside Red Fort in Delhi, taking the total number of arrests in the case to six.
2 mins
November 21, 2025
The New Indian Express Hyderabad
MP faux pas: 3 dead teachers get 3 days to explain zero attendance
THREE government school teachers in Madhya Pradesh were recently sent show-cause notices for missing e-attendance. They’ll never respond—because the teachers are dead.
1 mins
November 21, 2025
The New Indian Express Hyderabad
DIVINE MEMORY
Artist-filmmaker Chinmoy Barma, photographer Anirban Hazarika, and writer Nilpawan Borah turn Assam’s Majuli into a canvas of grief, devotion, and creative memory for the late Zubeen Garg
3 mins
November 21, 2025
Listen
Translate
Change font size