Company News

In a strategic move to strengthen its footprint in India’s rapidly expanding men’s grooming market, Godrej Consumer Products Ltd (GCPL) has acquired Muuchstac, a rising homegrown brand, for Rs 450 crore. The acquisition marks a significant step in GCPL’s portfolio diversification strategy, enhancing its presence across high-growth personal care categories.

In a strategic expansion move, BirlaNu has acquired Clean Coats Pvt. Ltd. for Rs 120 crore, marking a significant step in strengthening its presence in the industrial coatings and materials solutions segment. The acquisition is expected to enhance BirlaNu’s technological capabilities, diversify its product offerings, and boost its market share in the fast-growing coatings industry.

Shares of FSN E-Commerce Ventures Ltd, the parent company of beauty and fashion retailer Nykaa, surged on Monday following the release of its quarterly earnings report that surpassed market expectations. The company’s strong revenue growth, improving profit margins, and steady expansion in its fashion and beauty segments boosted investor confidence. Market participants viewed the performance as evidence of a successful post-pandemic recovery strategy, underpinned by robust consumer demand and operational efficiency.

Bharat Rasayan Ltd. has declared a stock split alongside a bonus share issue, aimed at improving liquidity, broadening its shareholder base, and enhancing marketability of its shares. The stock split will increase the number of outstanding shares while reducing the nominal value per share, making them more accessible to retail investors. Concurrently, the bonus issue will reward existing shareholders with additional shares, reflecting the company’s robust financial health and consistent profitability.

Schneider Electric, the global leader in energy management and automation, has announced the appointment of new directors to its board, signaling a strategic move to bolster corporate governance and drive sustainable growth. The appointments bring a mix of industry expertise, technological insight, and international business experience, aligning with the company’s focus on innovation, digital transformation, and decarbonization initiatives.

Culver Max Entertainment, the parent company of Sony Entertainment Television and SonyLIV, reported a sharp 45.3% decline in its consolidated net profit for the financial year ending March 2025. The company’s profit dropped to Rs. 481.2 crore from Rs. 880.2 crore in the previous fiscal year, while revenue from operations fell 4.3% to Rs. 6,261.2 crore. The dip was largely attributed to reduced advertising income and higher promotional expenses.

NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC Limited, has commenced commercial operations for a 12.5 MW solar power capacity at its Bhuj project in Gujarat. This addition brings NGEL's total installed and commercial capacity to 7,419.975 MW, contributing to NTPC Group's overall capacity of 83,906 MW. The Bhuj solar project, part of a 37.5 MW initiative, is developed by Ayana Renewable Power Four Private Limited, a subsidiary of ONGC NTPC Green Private Limited.

Adani Group has reported a return on assets (ROA) of 16.5% for the fiscal year 2024–25, positioning itself among the highest-performing global infrastructure conglomerates. Chairman Gautam Adani attributes this achievement to disciplined capital allocation, operational efficiency, and strategic project selection. The robust financial performance reflects the group’s ability to generate strong returns from its asset base while maintaining prudent leverage.

The long-awaited revival of Hindustan National Glass & Industries Ltd (HNGIL) has begun as Independent Sugar Corporation Ltd (INSCO)—a subsidiary of the Uganda-based Madhvani Group—officially takes charge of the company. Following the National Company Law Tribunal’s (NCLT) approval of a ₹2,250 crore resolution plan, INSCO has assumed operational control, signaling the start of an extensive turnaround initiative.

Tata Consultancy Services (TCS) has announced the acquisition of ListEngage, a leading U.S.-based Salesforce digital marketing services firm, in a deal valued at approximately Rs. 607 crore (USD 72.8 million). The acquisition marks a strategic move by TCS to enhance its Salesforce cloud offerings, expand its presence in North America, and bolster its customer experience solutions portfolio.