Cipla, Rocket India announce Rs 300 crore expansion plans in Karnataka; Blackstone eyes data centres

Cipla and Rocket India will invest Rs 300 crore in Karnataka’s manufacturing facilities. Blackstone is exploring investments in data centers and renewable energy infrastructure. Saint-Gobain plans to expand its manufacturing footprint within the state. Horizon is encouraged to consider industrial projects in tier two cities. These announcements occurred during Karnataka’s investment roadshow in Mumbai.

Energy drink brands race to rework labels after FSSAI order

India’s food regulator has ordered energy drink brands to remove the word ‘energy’ from labels. This directive impacts major brands like Red Bull, Sting, and Campa Gold Boost. Companies face challenges in rebranding and marketing their products without the established term. Distributors are refusing stock, causing trade disruptions and potential market uncertainty. The future of…

Policybazaar parent’s Q1 profit jumps 92% driven by margin gains

The Gurugram-based company’s net profit for the quarter jumped 92% year-on-year (YoY) to Rs 163 crore as operating margins recorded significant improvement, and its Ebitda (earnings before interest, taxes, depreciation and amortisation) expanded fourfold to Rs 139 crore. PB Fintech’s post-tax profit is larger than its Ebitda because the company reports significant non-operating income —…

‘Don’t use students for politics’: BJP attacks Rahul Gandhi over Jantar Mantar protest claims

The Bharatiya Janata Party has rejected Rahul Gandhi’s allegations of police excesses. BJP spokesperson Sambit Patra stated no bullets were fired during the protest. He accused Gandhi of spreading a false narrative and using students politically. Patra also questioned Gandhi’s selective focus on certain student groups. The party maintained that ministers attend Parliament when their…