Mumbai: Reliance Industries Ltd’s fiscal first quarter net profit jumped 76.5 percent to Rs 30,783 crore, led by a gain from the sale of its stake in Asian Paints and strong growth in consumer-facing businesses. Excluding the one-time gain of Rs 8,924 crore, recurring profit still rose a solid 25 percent from a year earlier. Consolidated revenue rose 6 percent to Rs 2.73 lakh crore, supported by strong growth in retail and digital services. Operating profit (EBITDA) jumped 36 percent to Rs ...Read More

Mumbai: Reliance Retail today announced the acquisition of Kelvinator, calling it "a strategic move poised to significantly amplify its leadership in India's fast-growing consumer durables sector." In an official press statement, the company said, "Kelvinator, a brand synonymous with trust and innovation for over a century, pioneered electric refrigeration for home use globally. In India, it achieved iconic status in the 1970s and 80s with its memorable tagline, "The Coolest One," and continues...Read More

Ahmedabad: Tata Electronics and Robert Bosch GmbH announced that they have signed a Memorandum of Understanding (MoU) to collaborate on several key areas within the electronics and semiconductor industries. The MoU was signed by Dr. Randhir Thakur, CEO & MD of Tata Electronics, and Dirk Kress, Executive Vice President, Semiconductor Operations, Robert Bosch GmbH. Tata Electronics and Bosch intend to collaborate on chip packaging and manufacturing at Tata Electronics’ upcoming assembly and...Read More

Ahmedabad: SK Finance, founded in 1994 by Rajendra Kumar Setia, has emerged as one of key players in addressing the lack of institutional credit for small transporters and traders across India. "We operate through 648 branches across 12 states with the support of over 12,000 employees and a referral network of more than 10,700 connectors," the company official stated in an interaction today. "Our total Assets Under Management (AUM) stood at ₹13,261 crore as of March 2025, with vehicle fi...Read More

Surat: ArcelorMittal Nippon Steel India (AM/NS India) today announced the commissioning of a new, Continuous Galvanising Line (CGL) at its flagship plant in Hazira, Gujarat. "This development establishes AM/NS India as the only company in India with a modern CGL line capable of producing Advanced High-Strength Steel (AHSS) with strength levels up to 1180 megapascals (MPa) – essential for exceptional safety, durability, and sustainability for evolving automotive application, " the company said...Read More

Gujarat: KPI Green Energy Limited has received a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Limited (GUVNL) for the development of 150 MW of grid-connected wind power projects, the company announced on Tuesday. The LOI, dated July 14, 2025, follows the company’s participation in GUVNL’s competitive bidding process. The Power Purchase Agreement (PPA) with GUVNL will be executed after obtaining the necessary approval from the Gujarat Electricity Regulatory Commission (GERC), the com...Read More

Kathmandu: Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Industries Ltd., launched the Indian legacy brand Campa in Nepal in partnership with diversified conglomerate Chaudhary Group (CG). The launch marks RCPL’s entry into Nepal and further reaffirms the company’s long-term commitment to the country, the company said today. Ketan Mody, Executive Director, Reliance Consumer Products Ltd, said: “We are thrilled to  enter the Nepal market with our brand Campa in assoc...Read More

Ahmedabad: Anthem Biosciences Limited (the “Company”) proposes to open an initial public offering (“Offer”) of its equity shares of face value of ₹2 each (“Equity Shares”) on Monday, July 14, 2025. The Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, being Friday, July 11, 2025. The Bid/ Offer Closing Date is Wednesday, July 16, 2025, the company announced Thursday. As per the company, the Price Band of the Offer has been fixed from ₹ 540 per Eq...Read More

Ahmedabad: Bajaj Finance Ltd, a Non-Banking Financial Company (NBFC) in the private sector and part of Bajaj Finserv, today held a cyber fraud awareness programme in Ahmedabad—Knockout Digital Fraud—to inform digital users about different types of threats and best practices to safeguard finances, said an official statement. According to the company, the Knockout Digital Fraud programme aligns with the Reserve Bank of India’s 2024 guidelines on fraud risk management for NBFCs, which emphas...Read More