Press Release – Page 129 – THE ECONOMIC INDIA

12 Aug

Kennametal India sales higher by 8.3 Percent for Q4 FY24, PBT up 48.7 Percent

Bangalore (Karnataka) [India], August 12: Kennametal India Limited concluded Q4 FY24, ended June 30, 2024, registering sales of ₹ 3,024 Mn, 8.3% higher as compared to ₹ 2,793 Mn in the same quarter last fiscal, driven by volume growth by the Hard Metal segment and a strong performance by the Machining Solutions Group. Profit Before Tax (PBT) was ₹ 400 Mn against ₹269 Mn, up 48.7% over the same quarter last fiscal. Commenting on the results, Vijaykrishnan Venkatesan, Managing Director, Kennametal India said, “Our financial performance was largely driven by domestic market growth and operational excellence leading to higher profitability. We saw robust orders by the Machining Solutions Group, delivering…

12 Aug

Cressanda Railway Solutions Ltd Partners with Shaurrya Teleservices Pvt Ltd to Enhance Digital Connectivity on Eastern Railway trains

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Mumbai (Maharashtra) [India], August 12: Cressanda Railway Solutions (BSE: CRESSAN) Formerly Known as Cressanda Solutions Ltd a leading private Railway auxiliary concierge service and digital media company has announce a strategic partnership with Shaurrya Teleservices Pvt Ltd to provide Wi-Fi and Content on Demand (COD) across the Eastern Railway trains. This groundbreaking initiative will commence with a pilot project on a long-distance train originating from the Howrah division and traveling to Barmer, Rajasthan. This partnership is poised to revolutionize digital connectivity in trains across India, marking a significant step towards realizing the vision of a truly Digital India. By offering…

12 Aug

The Robotex India Championship 2024 a platform for young sparks showcasing future skills

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‘Participation of 2000 students from various states’ Pune (Maharashtra) [India], August 12: Robotex India Championship 2024 took place in an environment filled with future technology such as a Waste Segregator for Landfills, an Earthquake Detection Robot, a firefighter robot that is ready to put out a fire, a robot that solves puzzles with its ingenuity. Technologically skilled school and college students from various states including Maharashtra showed glimpses of their robotics, and AI prototypes in this competition. The annual Robotex India Championship 2024 was organized this year at the World Peace Dome, MIT-ADT University, Loni Kalbhor, Pune. Around two thousand…

10 Aug

Lincoln Pharmaceuticals Ltd reports Standalone Net Profit of Rs. 23.67 crore in Q1 FY25, growth of 24.51 Percent Y-o-Y

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Ahmedabad (Gujarat) [India], August 10: Lincoln Pharmaceuticals Limited, one of India’s leading healthcare companies has continued to report excellent operational and financial performance for Q1 FY 2024-25 ended 30th June 2024. Company has reported a standalone net profit of Rs. 23.67 crore for the Q1 FY 2024-25 as compared to the net profit of Rs. 19.01 crore reported in Q1 FY2023-24, growth of 24.51% Y-o-Y. Total income for the quarter ended June 2024 was reported at Rs. 157.69 crore, higher by 10.03 % Y-o-Y over total income of Rs. 143.31 crore ssin Q1 FY2023-24. EBITDA for Q1FY25 was reported at…

10 Aug

Asian Granito India Ltd reports Consolidated Net Sales increased by 3 Percent YoY to Rs. 343 Cr in Q1FY25

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Ahmedabad (Gujarat) [India], August 10: Asian Granito India Limited (AGL), one of the largest Luxury Surfaces and Bathware Solutions brands has reported significant improvement in the operational and financial performance during Q1 of FY 2024-25 ended 30th June 2024. Business Highlights:- Exports for Q1 FY25 was reported at Rs. 50 crore; comprising of 15% of Revenue Company signed Bollywood star Ranbir Kapoor as brand ambassador and launched campaign “Premium ka Pappa” Company has received “No Objection” from stock exchanges, BSE and NSE for the proposed Demerger Scheme of Arrangement amongst Asian Granito India Ltd and other entities. Approved proposal to…

10 Aug

India’s renowned luxury furniture brand, Durian, opens its first store in Thiruvananthapuram, Kerala

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New Delhi (India), August 10: India’s leading furniture brand, Durian, has arrived in God’s Own Country, bringing its renowned style and quality to Thiruvananthapuram. This marks the brand’s first venture into Kerala, making luxurious furniture more accessible than ever for residents. The new store boasts a convenient location at Kesavadasapuram-Ulloor Road, inviting customers to explore Durian’s exquisite furniture collections. Owned by Mr. Biju Thomas, Director, Thomson Group, the store officially opened its doors on July 24th, 2024. Spanning an area of 4500 sq. ft., this new store offers a wide range of home and office furniture, including sofas, recliners, beds, dining sets, storage…

09 Aug

Grippon Embraces JSW steel Innovations with launch of Magsure for Future Steel Structures

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Ahmedabad (Gujarat) [India], August 9: Grippon Infrastructures, a prominent player in the infrastructure sector founded in 2014 by Abhishek Kothari, Rishabh Kankariya, Sagar Chopra, Abhinandan Kothari, and Raj Chopra, is thrilled to announce its expansion into Surat. This growth is marked by a strategic partnership with Mayank Jain, further strengthening its foothold in the industry. As a leading Original Equipment Manufacturer (OEM) for JSW, Grippon Infrastructures has consistently been at the forefront of infrastructure development, working across private, public, and government projects. The company exclusively utilizes JSW products in its projects, specializing in roofing and replacing outdated industrial shades. In…

09 Aug

Discover Next-Gen Oral Care with Edinora’s Edible Grade Toothpaste, Loved by Over 1 Lakh People

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Trivandrum (Kerala) [India], August 9: Edinora, a novel toothpaste formulated with edible-grade ingredients, is redefining the oral care industry. Developed by JP & GP MARKETERS AND CONSULTANTS Pvt Ltd, it was born from the personal health journey of founder Prabhakaran Gopinathan. Edinora is a safe and effective oral care product that is free of harsh chemicals. It contains over 20 natural ingredients, including Miswak, liquorice, amla, and coconut oil. This toothpaste brand puts both safety and effectiveness first, abstaining from synthesised chemicals like SLS, parabens, triclosan, artificial and artificial flavours. Rigorous testing has shown that accidental ingestion of up to…

09 Aug

Bartronics to leverage its distribution channels to enhance gold, silver accessibility

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Mumbai (Maharashtra) [India], August 9: In a significant move to boost the Indian precious metals market, Bartronics India Limited, a leading IT services and business solutions provider, has announced a strategic partnership with Augmont Goldtech. This five-year collaboration aims to enhance the accessibility and distribution of gold and silver across the country, leveraging Bartronics’ extensive financial inclusion networks and broad distribution channels across India. This partnership will allow Bartronics to market Augmont’s gold and silver bullion and jewellery through its vast network, including the use of the Bartronics Portal, which will provide consumers with direct access to Augmont’s premium products.…

09 Aug

Uno Minda introduces its technologically advanced range of D-90 horns in the Indian Aftermarket

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New Delhi (India), August 9: India has seen a rise in car ownership in the past decade, and more cars mean more traffic on the road and more honking. As a result, horn failures have become more common, sparking an increased demand for high-quality OEM-spec horns. Customers often face a choice between expensive replacement horns from the manufacturer’s service center or opting for aftermarket alternatives. However, aftermarket options may compromise quality, durability, and safety standards compared to the original part. Addressing the need, Uno Minda, a leading Tier 1 supplier of proprietary automotive solutions to Original Equipment Manufacturers (OEMs) in…