The 28-year-old Lohiya Group has inaugurated a biscuit manufacturing facility at Medchal near here. The facility combines cutting-edge technology with sustainable operations, driven by an innovation-first mindset. Spanning seven acres, Lohiya Confectionery has a production capacity of 1,000 tonnes per month, with modular capabilities that enable further scaling to 5,000 tonnes per month. The company … Read more
Venkat Rajaraman, Founder and CEO, Cygni Energy | Photo Credit: N RAMAKRISHNAN The Hyderabad-headquartered Cygni Energy, an independent energy storage solutions company, on Wednesday said that Phase-I of its Battery Energy Storage System (BESS) Gigafactory has commenced operations. The Phase-I facility has been set up with an investment of over ₹100 crore and is located on … Read more
The OMCs average gross refining margin (GRM) during 9M FY25 was $3.69 per barrel compared to $13.26 in 9M FY24. | Photo Credit: ANUSHREE FADNAVIS State-run Indian Oil Corporation’s (IOCL) performance is expected to be muted during Q4 FY25 largely on account of rising LPG under recoveries and weak refining margins. However, the country’s largest … Read more
IndusInd Bank MD and CEO Sumant Kathpalia on Tuesday resigned with immediate effect in the wake of accounting lapses costing Rs 1,960 crore to the lender in the 2024-25 fiscal year. Kathpalia, Managing Director & CEO, has by his letter dated April 29, 2025, resigned from services of the bank with effect from the close … Read more
P. Hemalatha, Secretary, Spices Board inaugurated one-day sensitisation programme on the 8th edition of the National Programme for Organic Production (NPOP) on spices. B. N. Jha, Director (Marketing), Spices Board; Saswati Bose, General Manager, APEDA, Dharmendra Das, Director (Development), Spices Board and . Joji Mathew, NPOP Lead Auditor were present. The Spices Board, in collaboration with … Read more
UTI Asset Management Company has reported that its consolidated net profit in the March quarter was down 43.6 per cent to ₹102 crore against ₹181 crore logged in the same period last year due to fall in earnings. Income was dipped 10 per cent to ₹376 crore (₹416 crore). The fund house will pay a … Read more
Despite the global volatility, India’s infra growth has held steady with steel demand rising, and other segments like automobile contributing towards it, said Arun Misra, MD and CEO, Hindustan Zinc Ltd. For the quarter ending March 31, 2025, revenue was ₹9,000 crore (up 20 per cent y-o-y), while earnings were at ₹3,000 crore (up 47 … Read more
InCred Financial Services in discussions for IPO, aiming for 150 billion rupees valuation, despite market volatility. | Photo Credit: invincible_bulldog Indian lending firm InCred Financial Services is in talks with potential advisers for an initial public offering to raise about 40 billion rupees ($470 million), people familiar with the matter said. The Mumbai-headquartered company, a … Read more
Coin stacks and chart graphs on a chessboard background. Horizontal composition with selective focus and copy space. | Photo Credit: MicroStockHub tock Market today | Share Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 29th April 2025 06:36 | April … Read more
IT analysts have been grilling the top CXOs of top-tier companies like TCS, Infosys and Wipro to get a visibility on the terrain in the backdrop of tariffs | Photo Credit: Bloomberg Even as reciprocal tariffs by US President Donald Trump trigger an economic chaos across the world, IT analysts and investors are trying to … Read more