In 1923, SKF began operations in India. Today, through its five technology-focused platforms: bearings and units, seals, lubrication, condition monitoring, and maintenance services, it offers market-leading automotive and industrial-engineered solutions. The company has changed over time from being a pioneer in the ball-bearing industry to a knowledge-driven engineering firm that assists clients in achieving competitive [...]
One of the few major FMCG food firms in India, Adani Wilmar provides the majority of the staples for Indian households, including edible oil, wheat flour, rice, legumes, and sugar. The company's products are available under a wide range of names at various price points and cater to various customer demographics. Edible oil major Adani [...]
Equity benchmark indices Sensex and Nifty fell by 1 per cent on Wednesday on weak global market trends and continuous foreign fund outflows. Fitch Ratings has downgraded the United States government's credit rating, citing rising debt at the federal, state, and local levels and a "steady deterioration in standards of governance" over the past two [...]
State-owned Chennai based lender, Indian Overseas Bank (IOB) on Wednesday posted a 28 per cent increase in net profit at Rs 500 crore in the June quarter, mainly due to a decline in bad loans. IOB posted a net profit of Rs 392 crore in the year-ago period. The total income in the first quarter [...]
Logistics operator Gateway Distriparks Ltd (GDL) on Wednesday reported a 9 per cent growth in Profit After Tax (PAT) at Rs 63.72 crore in the June quarter. The company had posted a PAT of Rs 58.45 crore in the April-June period a year ago. Total revenue during the quarter under review rose 8 per cent [...]
One of the top agri-input businesses in India, Dhanuka Agritech Limited, is included in Forbes Magazine's list of the "200 Best Under A Billion Companies in the Asia Pacific." Through its marketing offices located in all of India's main states, Dhanuka has a presence across the entire country. Nearly 75,000 dealers and 6,500 distributors are served [...]
The CK Birla group firm, Orient Electric Ltd on Wednesday reported a 3.9 per cent increase in its net profit at Rs 19.69 crore in Q1 FY24, on the back of double-digit growth from durables business and improvement in gross margins. Orient Electric had posted a net profit of Rs 18.95 crore in the corresponding [...]
The Indian drone sector is expanding significantly as a result of new opportunities offered by the Indian government's. By 2030, India aims to be a global drone centre. The Indian drone industry is expected to grow from Rs. 2,900 Cr in 2020 to Rs. 2,95,000 Cr by 2030.The indigenization development is accelerating the drone industry [...]
The Aditya Birla Group's financial services activities are held by Aditya Birla Capital Limited (ABCL). In the marketplaces for Protecting, Investing, and Financing solutions, ABCL's businesses have a strong presence. ABCL is a company that offers universal financial solutions to meet the various needs of its clients at different phases of life. The subsidiaries of [...]
The Bengaluru-based Vistaar, founded by Brahmanand Hegde and Ramakrishna Nishtala in 2010, has so far funded over 2 lakh small businesses across 12 states since inception and has a loan book of Rs 3,100 crore. Vistaar has more than 40,000 customers. Its average ticket size is about Rs 10 lakh and it covers business and [...]
