Page 28 - Anjali Singh

Stellantis India appoints Shailesh Hazela as CEO & MD, effective mid-July

'I look forward to accelerating technological innovation and strengthening our position in existing and emerging mobility segments,' Hazela said after the appointment

Aurobindo arm TheraNym inks pact with MSD for biologics manufacturing

This agreement follows previous disclosures by Aurobindo Pharma about expanding its biologics manufacturing facilities and exploring contract manufacturing operations (CMO) for biologicals

Molbio Diagnostics prepares for IPO in FY25 to raise Rs 2,200-2,400 crore

Molbio Diagnostics became Goa's first startup to achieve unicorn status in September 2022 following a Rs 680 crore investment from Temasek and MOPE, plans to launch the IPO in November

Medtronic appoints Mandeep Singh Kumar as Vice President of India business

In his new role, Mandeep Singh Kumar will be responsible for overseeing sales, marketing, and commercial operations for Medtronic's business in India

Varanasi, Detroit, Venice to host Toyota's $9 mn sustainability initiative

Varanasi faces challenges managing the influx of pilgrims and tourists, particularly regarding safety and accessibility in crowded areas

Millennials, Gen Z driving demand for luxury car rentals in India

Mumbai and Delhi witness fastest growth in demand this year at 35% and 40%, respectively

European auto company Skoda-VW hits 1.5 million output mark in India

30% of the Group's India production is exported

AstraZeneca Q4 results: Net profit jumps 128%, revenue rises 34.59%

Strategic collaborations played a crucial role in AstraZeneca's achievements, particularly in enhancing diagnostic capabilities and treatment outcomes

Fischer Medical Ventures makes India's first indigenous MRI system

Eyes acquisitions to broaden medical tech reach

Aurobindo Pharma Q4 results: PAT rises 79.5% to Rs 908 cr, revenue up 14.8%

The increase in PAT is attributed to expansion into the new markets, product launches and stable pricing

Surge in demand for 'young' used cars outpaces supply, drives prices north

SUVs set to reach 45% of used car market soon

Affordable mass electric vehicles key to unlocking demand in Indian market

A compact, budget-friendly electric car from a major Indian manufacturer, could be the tipping point for widespread EV adoption

Metropolis Healthcare revenue up 17%, targets industry-leading growth

In Q4, the business-to-consumers (B2C) revenues grew by approximately 20 per cent Y-o-Y, and revenues from the Mumbai market also saw 20 per cent growth

JK Tyre & Industries Q4 results: Net profit rises 56.2% to Rs 169 cr

The tyre maker remains optimistic about the tyre demand outlook, driven by robust infrastructure spending and buoyant economic activities

Eris Lifesciences Q4 results: Net profit rises 8.41% to Rs 70.9 crore

On a sequential basis, the company exhibited a 13.2 per cent increase in revenue; however, the PAT declined by 30.96 per cent

Dermatology segment in IPM poised for 11- 12% growth amid rising demand

The increasing incidence of skin diseases and the growing awareness about these conditions among the Indian populace have been pivotal in driving the dermatology market's expansion

Tyre manufacturers Ceat and Apollo to hike prices as input costs soar

Crude prices, which hovered around $88 to 90 over the past three months, represent a 6 to 8 per cent increase from the previous quarter, adding further strain on manufacturers' margins

JB Pharma aims to grow its revenue by 12-14% in the next two years

JB Pharma plans to maintain its presence in cardiology, focusing on hypertension, heart failure, and lipid-lowering treatments

JB Pharma Q4 results: Net profit soars 43% to Rs 126 cr, revenue up 13%

For the full year of FY24, JB Pharma posted an 11 per cent Y-o-Y increase in revenue and a 35 per cent increase in PAT, reaching Rs 3,484 crore and Rs 553 crore respectively

SII to acquire 20% stake in needle-free tech company IntegriMedical

The collaboration leverages SII's manufacturing and distribution strength with IntegriMedical's innovative technology