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Company Updates

Battery materials supply chain: divergent perspectives from two key players

In Short:In India's growing battery materials industry, Epsilon Advanced Materials and Himadri Speciality Chemical have opposite views on the evolving supply chain. Epsilon is...

Q4 Net Profit for Global Health Jumps 25% to ₹127 Crore

In Short:Global Health, under the Medanta brand, reported a 25% increase in profit after tax to ₹127 crore for the March 2024 quarter. Total...

MHI denies clean chit to Hero Electric, Okinawa, Benling for violating FAME-II guidelines

In Short:The enquiry found that Hero Electric, Okinawa Autotech, and Benling India were not following the government guidelines for electric vehicles. They were fined...

Reliance aims for access to ATF pipelines and storages from PSU oil firms

In Short:Reliance Industries Ltd wants access to pipelines and storage facilities owned by public sector oil companies to increase its share in supplying jet...

Hershey faces lawsuit over missing designs on Reese’s candies

In Short:Hershey is facing a lawsuit in southern Florida, where consumers claim they were misled about the artistic detail on Reese's peanut butter candies....

Patel Engineering reports 78% growth in Q4 PAT to ₹140 crore

In Short:Patel Engineering Ltd reported a 78% increase in its net profit to ₹140.35 crore for the March 2024 quarter due to increased revenues....

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...

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