Gland Pharma Shares Rise: Growth Consistent, Prospects Uncertain
Gland Pharma’s December quarter performance was quite strong, with revenue growth of 22.5% and profits rising by 27% year-over-year. The company’s performance was broad-based, with growth in the US, India, and Europe. However, the company’s margins were flat at 25.7%. The stock price jumped by over 7% on Thursday. THE…
Maruti Suzuki Awards Subros a ₹1280 Cr EV Compressor Order
Subros Limited has bagged a large order worth ₹1280 Crore to supply Electric Compressors to Maruti Suzuki India Limited (MSIL) for their new EV and Hybrid models. The order is valid for seven years, starting from the respective Start of Production dates. This is a major milestone for Subros in…
BPCL’s $11.5 billion refinery plan faces execution and partner risks
Bharat Petroleum Corporation Ltd (BPCL) is moving ahead with its proposed ₹96,000 crore refinery cum petrochemical project in Andhra Pradesh, actively looking for equity partners, including Saudi Aramco. Though Oil India has already agreed to invest in a 10% stake, the success of the project depends on attracting more investment,…
HDFC Capital’s ₹1,000 Cr platform is aimed at a boom in rental housing.
HDFC Capital is also launching a ₹1,000 crore rental housing platform with Curated Living Solutions. The new business will focus on developing and managing institutional-grade rental properties, catering to the rising need for managed rentals among the youth and working population in Indian cities. This is one of the most…
