Energy and environment solutions provider, Thermax Group on Friday reported a 4% year-on-year drop in consolidated net profit to Rs 103 crore for the March quarter. The company’s consolidated revenues were up 26% y-o-y to Rs 1,992 crore. The company attributed lower profitability to increased commodity and freight costs during the quarter. Thermax reported a […]
Finolex Industries expects PVC prices to soften with China dumping surplus PVC (Polyvinyl Chloride) in the Indian market. Finolex Industries is India’s largest and only backward integrated PVC pipes and fittings manufacturer. Sanjay S Math, MD, Finolex Industries, said at an investor call that PVC prices had after touching an all-time high of $1,900 per […]
Gross foreign direct investment (FDI) inflows in FY22 hit a record $83.6 billion, but the year-on-year rise slowed down to just 2% from 10% in the previous year, mainly due to an unfavourable base. Gross FDI includes FDI equity, reinvested earnings, equity capital of unincorporated bodies and other capital. Importantly, FDI (equity) inflows into manufacturing […]
A rare Mercedes-Benz racing car known as the Mona Lisa of cars has been sold by the company for a record £115 million. The 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupé, one of only two of its kind, is a sister car to racing legend Sir Stirling Moss’s record-breaking open cockpit 300 SLR, which covered 992 […]
New research has revealed that only one in four civil servants believe their department is following the Government’s National Data Strategy, with skills and technology infrastructure likely to be significant barriers to the strategy’s effectiveness. Eighty-six civil servants from major Government departments including HMRC and the Home Office were surveyed as part of research by […]