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Company Updates

GAIL and CoolCo seal agreement for new LNG carrier

In Short:GAIL has signed a 14-year contract with Cool Company for a new LNG carrier that will start in 2025. GAIL can extend it...

Apparel Group teams up with Myntra to boost Victoria’s Secret’s online presence in India

In Short:Apparel Group partners with Myntra to bring Victoria’s Secret lingerie and sleepwear to Indian consumers. The collaboration aims to enhance the online shopping...

Carlyle and KKR Compete to Acquire Bharat Serums in $2 Billion Deal

In Short:Several private equity firms and asset managers, including Carlyle, Bain Capital, KKR, Blackstone, and Permira, are competing to acquire Indian biopharmaceuticals company Bharat...

BARC’s new Chief of Measurement Science: Bikramjit Chaudhuri

In Short:BARC India has appointed Bikramjit Chaudhuri as its new Chief of Measurement Science & Analytics, succeeding Derrick Gray. With a Ph.D. from IIT...

M&M plans massive ₹26,000 crore investment in auto industry

In Short:Mahindra & Mahindra Ltd plans to invest ₹26,000 crore in its auto business over the next three years. ₹12,000 crore will go to...

HAL reports rise in Q4 FY24 profit due to increased demand for defence aircraft

In Short:Hindustan Aeronautics Ltd (HAL) reported a 52% increase in fourth quarter profit, reaching ₹4,309 crore, due to demand from the defence ministry. The...

Compass Group unveils massive Central Kitchen in Bengaluru, spanning 29,000 sq ft

In Short:Compass Group India has opened a new central kitchen in Bengaluru to increase revenue and meal production. The company plans to serve over...

Increasing demand and stable GRMs to bolster OMCs credit profile in FY25

In Short:The demand for petroleum products is growing steadily, and the credit profile of oil marketing companies (OMCs) is expected to remain stable in...

PFC achieves record net profit of ₹26,461 crore in FY24

In Short:State-run PFC reported a 25% increase in net profit at ₹26,461 crore in FY24 due to a 14% growth in their loan portfolio....

Avendus FLF-II on track for full deployment by December: Ritesh Chandra

In Short:Avendus Future Leaders Fund will invest the remaining 17% of its ₹1,500-crore second series fund by December. The fund, launched in 2021, focuses...

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