By fiscal year-end, Novelis expects its net leverage ratio to fall beneath four times, as they wind down their peak capital expenditure efforts. As of the June quarter, the adjusted net debt to adjusted EBITDA ratio was recorded at 4.5 times. Moreover, operations have resumed at the Oswego hot mill, with ongoing insurance recoveries. Novelis…

Teacher Aims To Make Village Cradle For Chess

In a landmark decision, the Competition Commission of India has approved a notable merger involving InterGlobe Hotels, which will see multiple hotel entities join forces. This joint venture, partnering the parent company of IndiGo with a prominent French hospitality giant, will include an array of hotel management and development companies, solidifying the alliance between the…

United Breweries is now projecting that the ongoing West Asia crisis will have a reduced effect on its earnings. Strong price adjustments in twenty-two states have significantly mitigated the challenges posed by increasing input and supply-chain costs. Despite successfully executing most of its recovery strategies, the volatility stemming from the West Asia situation remains pronounced,…

Was Shot, Knifed In Bhestan

In the June quarter, Berger Paints India experienced a remarkable increase in profits, with its decorative paints segment marking its best growth in twelve quarters. Additionally, the automotive sector demonstrated strong demand. The company achieved high single-digit volume growth, with a value growth of 12.7 percent, driven largely by recent price adjustments.

In a significant move, United Spirits and Associated Alcohol & Breweries are contesting a directive from the food regulator regarding flavor regulations. They’ve launched court cases aimed at questioning the FSSAI’s stance on allowing flavors that mimic natural profiles. This legal action highlights a broader industry dialogue with the food regulator, focusing on the clarity…

Advertisers have shifted their focus, now putting greater emphasis on a celebrity’s social media impact rather than their filmography for endorsement deals. Shah Rukh Khan exemplifies this trend, maintaining a strong brand presence without any recent cinematic releases. Digital endorsement agreements constitute a noteworthy part of total deals, with brands prioritizing favorable online opinions and…

Four held for knife attack over old rivalry

In a strategic move, Air India has welcomed Tewolde Gebremariam as its new chief executive officer. Gebremariam, who achieved remarkable success with Ethiopian Airlines, is stepping into a role that comes with hefty expectations amidst Tata Group’s efforts to revive the airline. Following substantial losses since the 2022 acquisition, Gebremariam’s proven expertise is anticipated to…