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Milky Mist Dairy Food reported a nearly ninefold jump in Q1FY27 profit to Rs 65 crore, while revenue rose 43.6% year-on-year to Rs 973.45 crore. Strong demand for ice cream, curd and yogurt, higher volumes, improved product mix and operational efficiencies helped drive gross and EBITDA margin expansion.
NCDEX launched RAINCHNNAI, a futures contract allowing market participants to hedge Chennai’s Northeast Monsoon risks. Utilizing a Cumulative Deviation Rainfall model, it complements the RAINMUMBAI contract, providing a complete monsoon risk management cycle from June through December.
The Delhi High Court declined to issue an interim order regarding SpiceJet’s delayed payment. SpiceJet sought more time to deposit the first installment due to delayed funds. The airline expects a second tranche of credit to be released soon. The court will consider SpiceJet’s bona fides on September 21. KAL Airways and Maran can take…
Fly-Hi Maritime Travels is preparing to debut its much-anticipated Rs 52.6-crore SME IPO on September 1. With shares priced at Rs 102 each, the funds raised will be directed towards enhancing operational capabilities, repaying debts, and bolstering marketing efforts. The initiative aims to reinforce the company’s foothold in the specialized marine travel market, propelling its…
Indian airline Fly91 is close to ordering at least twenty ATR turboprop aircraft. This significant deal signals a strong bet on India’s expanding regional aviation market. The government actively promotes regional connectivity through a subsidized scheme. Several regional carriers have faced challenges building sustainable businesses. Fly91’s expansion aims to leverage this growing demand for air…
Sunshine Biopharma receives Canadian approval for atenolol tablets
rhode expands to Sephora stores across 19 European countries
Mahindra Aerostructures will manufacture and supply fuselage skins for Airbus A320 aircraft. These components will cover the rear fuselage and tail sections of specific aircraft models. Manufacturing will occur at Mahindra’s Bengaluru facility for delivery to Germany. This contract strengthens India’s role in the global aerospace supply chain. Advanced manufacturing capabilities will be expanded for…
Cyabra secures Fortune Global 500 food and beverage client
Lannett Company, part of Aurobindo Pharma, has launched generic Advair Diskus in the US, making it the first complex inhalation product from Aurobindo to be marketed there. This market is worth approximately $908 million. Moreover, Cipla’s US branch has also obtained FDA approval for the same product, setting the stage for an exciting competition in…