Godrej Consumer Products Ltd (GCPL) has unveiled ambitious plans to streamline its global manufacturing operations, aiming to shrink its footprint by 40% by FY 2026. This initiative is part of a broader strategy to optimise costs, enhance profitability, and reinforce its commitment to manufacturing in India. Currently, GCPL operates 36 manufacturing facilities globally, with 14 …
JSW MG Motor India, a dynamic joint venture between MG Motor and the JSW Group, is poised for significant growth. It has a strategic investment plan and a commitment to electric vehicles (EVs). Investing in the Future ₹3,000 Crore Infusion: The company has committed ₹3,000 crore (approximately $448 million) by the end of 2025. These …
Bajaj Auto, a leading Indian two-wheeler manufacturer, projects a positive outlook for the industry. The company anticipates a growth of 6-8% in the current fiscal year, potentially reaching the peak sales figures achieved in 2018-19 by the fourth quarter or early next year. Market Poised for Rebound Rakesh Sharma, Executive Director at Bajaj Auto, highlights …
Zee Entertainment Enterprises Limited (Zee) has received a significant financial boost with the board’s approval to raise ₹1,997 crore (approximately $239 million) through foreign currency convertible bonds (FCCBs). This strategic move strengthens Zee’s financial position and unlocks fresh capital for potential growth initiatives. The Investment Details Investors: Resonance Opportunities Fund, St. John’s Wood Fund Limited, …
L&T Finance Limited (LTF), a leading Indian NBFC, reported strong financial results for the first quarter of FY2025 (ending June 30, 2024). This performance highlights the company’s commitment to its “Lakshya 2026” strategy, which aims to transform LTF into a top-tier, digitally-driven, and customer-centric retail financier. Extensive Network and Deep Market Penetration LTF boasts a …
Hinduja Tech Limited (HT), a subsidiary of Ashok Leyland and a major player in mobility-focused engineering R&D services, announced a strategic move today. The company signed a definitive agreement to acquire the TECOSIM Group, a prominent engineering services provider based in Germany. This acquisition marks a significant step forward for Hinduja Tech, solidifying its position …
On July 17, 2024, Maruti Suzuki India Limited, through an exchange filing, announced that Suzuki Motor Corporation is committed to achieving a carbon-neutral world while preserving the joy of transportation. Their strategy focuses on minimising energy consumption throughout a vehicle’s lifecycle, from manufacturing and use to recycling. Championing Lightweight and Safety Suzuki’s expertise in compact, …
Elecon Engineering Company Limited, one of the largest manufacturers of Industrial Gears, released its results for the quarter that ended June 30, 2024 For Q1FY25, Elecon reported consolidated revenues from operations of ₹392 crore, achieving an EBITDA margin of 23.5%. The company’s unwavering focus on profitability has been instrumental in its progress. Elecon delivered a …
Vimta Labs, a leading Contract Research and Testing Organisation (CRO) in India, announced its financial results for the quarter ended June 30, 2024, on July 17, 2024. The company delivered a positive performance, showcasing healthy revenue and profitability margins. Key Financial Highlights Total Income: ₹824 million, reflecting a stable revenue stream for the quarter. Profitability …
On Thursday, Benchmark indices closed positively with Sensex up 0.78% to a record 81,343.46 and Nifty rising 0.76% to 24,800.85. However, the broader market declined as Nifty Mid-cap fell 0.96% and Nifty Small-cap dropped 1.22%. India VIX increased by 2.02%, reflecting higher market volatility. Nifty Financial Services, FMCG, and IT sectors gained, while Media and …
