Tag: Business

Mumbai (Maharashtra) [India], June 16: Specialty chemicals company LANXESS has started the 2025 fiscal year with a significant increase in earnings: EBITDA pre exceptionals rose by 31.7 percent from EUR 101 million to EUR 133 million, despite the weak global economic environment. The Group improved its earnings in all segments, mainly due to better capacity utilization and cost savings as part of the “FORWARD!” action plan.

Sales in the first quarter remained stable at EUR 1.601 billion, on a par with the prior-year figure of EUR 1.607 billion. LANXESS increased sales volumes in most businesses, although lower sales prices had a negative impact on revenues.

“We have made a solid start to the new fiscal year – despite all the adversities in the economic and geopolitical environment. Our more efficient positioning and improved cost situation are now paying off,” said Matthias Zachert, Chairman of the Board of Management of LANXESS AG. “The situation around us has continued to escalate since the beginning of the year. The U.S. government’s new trade policy has shaken the markets and exacerbated the already high level of uncertainty. Combined with the ongoing weakness of the economy, this makes the situation even more challenging for companies.”

Net income for the first quarter of 2025 was minus EUR 57 million, compared with minus EUR 98 million in the same period last year.

LANXESS confirms its guidance for the 2025 fiscal year and continues to expect EBITDA pre exceptionals of between EUR 600 and 650 million.

For the second quarter of the fiscal year 2025, LANXESS anticipates an increase in earnings compared with the first quarter of 2025. However, compared with the same quarter of the previous year, the Group expects earnings to decline, primarily because the earnings contribution from Urethane Systems will no longer be included.

Sale of the Urethane Systems business completed

On 1 April 2025, LANXESS sold its Urethane Systems business to Japan’s UBE Corporation, thus divesting its last remaining polymer business. The transaction was the last major step in the company’s portfolio transformation towards specialty chemicals.

LANXESS will use the proceeds from the sale to redeem its EUR 500 million benchmark bond due May 2025 and further reduce its debt.

Business development in the segments

The Consumer Protection segment posted first-quarter sales of EUR 513 million, an increase of 0.8 percent compared with the prior-year figure of EUR 509 million. EBITDA pre exceptionals rose by 49 percent from EUR 49 million in the prior-year quarter to EUR 73 million. This was mainly due to higher sales volumes and the associated improvement in capacity utilization. In addition, cost savings from the “FORWARD!” action plan had a positive impact on earnings and margins. The EBITDA margin pre exceptionals was 14.2 percent, compared with 9.6 percent in the same period of the previous year.

In the first quarter of 2025, the Specialty Additives segment recorded sales of EUR 545 million, down 3.7 percent on the first quarter of 2024, when sales amounted to EUR 566 million. EBITDA pre exceptionals increased by 8.3 percent from EUR 48 million in the same quarter of the previous year to EUR 52 million. The cost savings from the “FORWARD!” action plan also had a positive impact on earnings and margins, along with a favorable product mix. The EBITDA margin pre exceptionals was 9.5 percent, up from 8.5 percent in the prior-year quarter.

The Advanced Intermediates segment generated sales of EUR 476 million in the first quarter of 2025, up 2.4 percent from EUR 465 million in the year-ago period. EBITDA pre exceptionals reached EUR 40 million, up 8.1 percent from EUR 37 million in the prior-year period. Higher sales volumes and cost savings from the “FORWARD!” action plan had a particularly positive impact on earnings and margins. The EBITDA margin pre exceptionals was 8.4 percent, slightly above the margin of 8.0 percent recorded in the same quarter of the previous year.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investing in stocks includes financial risks, and past performance is not indicative of future results. Readers should conduct their own research or consult with a qualified financial advisor before making any investment decisions.

Mumbai (Maharashtra) [India], June 16:  In a remarkable display of momentum and market trust, Prarambh—the latest residential offering by Chandiwala Group—has achieved a staggering ₹100 crore in bookings within just two days of launch. Located off Veera Desai Road in the heart of Andheri West, the project has become one of Mumbai’s fastest-selling launches of the year, reinforcing the suburb’s status as a residential powerhouse.

This resounding success is being widely credited to the unmatched execution capabilities of Palladian Partners, the exclusive sales mandate for the project. Known for its razor-sharp market strategies and an on-ground team that’s redefining real estate sales in Mumbai, Palladian once again demonstrated why it commands a reputation as the city’s most formidable and result-driven real estate sales force.

With mid-market and premium demand soaring in Andheri—a locality boasting average property prices of ₹29,000 per sq ft—Prarambh entered the market at just the right moment. But what turned demand into decisive action was the sales engine behind it.

From comprehensive micro-market analytics to full-stack campaign execution, Palladian’s approach was both data-led and deeply intuitive. Their thematic branding of the project as “Prarambh” (a new beginning) resonated powerfully with first-time buyers, young professionals, and investors alike.

On-site, Palladian went beyond traditional methods—integrating immersive VR/AR walkthroughs that allowed potential buyers to visualise every corner of their future homes. This innovation, combined with a high-touch customer experience, proved to be the catalyst in converting footfalls into confirmed bookings at an unprecedented rate.

Speaking on the massive success, Mr. Chandresh Vithalani, Partner at Palladian Partners Advisory Ltd, Said, “At Palladian, our strength lies in identifying the right product-market fit and backing it with a strategy that cuts through the noise. With Prarambh, we saw a clear gap in the mid-premium segment in Andheri and filled it with precision. The results speak for themselves.”

While Mr. Kamal Shah, Partner at Palladian Partners Advisory Ltd, Added, “This wasn’t just a weekend sellout. It was a masterclass in team coordination, channel mobilisation, and customer targeting. Our Mumbai sales force is built to deliver under pressure, and Prarambh is yet another testament to our edge in high-performance real estate selling.”

Mr. Piyush Rambhia, another one of the three Partners at Palladian Partners Advisory Ltd, said, “In a saturated market, narratives make the difference. We positioned Prarambh as a fresh start, and backed it with immersive buyer experiences that made people feel at home before they even bought. That emotional connect is what drove scale and speed.”

The achievement comes on the heels of Mumbai’s broader market momentum—over 53,000 property transactions and ₹4,633 crore in stamp duty collections recorded between January and April 2025 alone. With major infrastructure developments like the Lokhandwala–Vikhroli Metro line underway, Andheri’s growth trajectory is poised to accelerate further.

As developers increasingly look to differentiate in a crowded landscape, Prarambh’s blockbuster weekend proves that when a quality product meets flawless sales execution, records are not just broken—they’re shattered.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Hyderabad (Telangana) [India], June 16: Abhyaas Law Prep, one of India’s leading institutions for law entrance coaching, has once again proven its mettle with a phenomenal performance in the CLAT 2025 results. In the very first round of counselling, Abhyaas students secured over 50 seats across top National Law Universities (NLUs) – a milestone achievement that reflects the institute’s relentless commitment to quality education and mentoring.

From its headquarters in Pragathi Nagar, Hyderabad, Abhyaas has grown steadily over 15 years to establish a pan-India presence. With thriving centers in Warangal, Secunderabad, KPHB, and a powerful online platform, the institute has made premium legal education accessible to students even in the remotest parts of the country.

What began as an offline initiative has now become a hybrid force, driven by innovation and a human-centric approach to education. Post-COVID, Abhyaas rapidly adapted to online learning with live classes, mock exams, and one-on-one mentoring, redefining legal coaching for the digital age.

Stellar NLU Selections

The CLAT 2025 results bear testimony not only to the number but also the quality of selections. Abhyaas students made it to the most prestigious NLUs including:

NLSIU Bangalore – 2 selections

NALSAR Hyderabad – 8 selections

NUJS Kolkata – 3

HNLU Raipur – 4

NLU Odisha – 2

MNLU Mumbai – 1

MNLU Aurangabad – 2

DSNLU Visakhapatnam – 14

HPNLU Shimla – 5

NLU Jabalpur – 2

NLU Agartala – 2

GNLU Goa – 2

…with many more expected in the upcoming rounds of counselling.

Speaking about the achievement, Naresh Reddy Dubbudu, Founder and Managing Director of Abhyaas, said,“This year’s results are a proud reflection of our students’ hard work and our team’s relentless commitment to quality education. With more rounds to go, we are optimistic about crossing 100 NLU seats. While only 1 out of 22 CLAT takers nationally get into an NLU, Abhyaas stands proudly at 1 out of every 5 – a truly remarkable ratio.”

Telangana’s Topper: Sadhana Linga

Among the shining stars of this year’s batch is Sadhana Linga, who emerged as the Telangana State Topper in CLAT 2025. Her journey, driven by resilience, hard work, and consistent mentoring, showcases the core values of Abhyaas.In a heartfelt testimonial, she shared: “What makes Abhyaas different is the people behind it. The mentors here don’t just teach – they believe in you. Every class, every mock test, every personal session was like fuel for the next step. It never felt like a coaching center – it felt like family.”

Her success is an inspiration not just to Telangana, but to every young aspirant looking to break barriers with the power of education.

Words of Wisdom: Chief Guest Annamayya Garu’s Stirring Address

The CLAT Achievers Meet 2025 was graced by Green Leader and Youth Reformer Annamayya Garu, who delivered an electrifying keynote that left students, parents, and mentors deeply moved.He began by urging everyone to stand in silence to honor the victims of the recent Ahmedabad flight tragedy, calling for empathy, compassion, and purposeful living. Transitioning into his address, he said: “I did not come here as a guest. I came as a witness – a witness to what happens when one dream refuses to die.”

Sharing his humble beginnings from Narasaraopet, where books were borrowed not bought, and his father, a devotional singer at TTD, told him: “We may not have riches, but let our hearts be rich in justice.”

He recounted the story of Rafiq, a 14-year-old chai vendor from Mahbubnagar whose father was falsely jailed.  “Sir, I don’t want to become rich. I want to become the lawyer we never had,” Rafiq had told him.

“Not to argue… but to stand by someone scared, alone, and unheard – like my mother was.”

That story, he said, broke him and built him at once.To the new NLU entrants, he delivered a fiery message:  “Don’t mistake your NLU admission for a trophy. It’s a torch. Let it burn when you see injustice win. Let it burn until your signature can change someone’s fate.”

He left the crowd with a call to action:

“The Earth doesn’t need more slogans. It needs legal defenders. Be the lawyer who makes the Earth breathe easier.”

Looking Ahead

As the final rounds of CLAT counselling unfold, the Abhyaas community moves forward with renewed energy and belief. These achievements mark not just success in an exam — but the beginning of journeys that may one day shape the judiciary, protect the environment, and fight for the voiceless.

From test prep to transformation, Abhyaas Law Prep continues to stand not just as a coaching center – but as a launchpad for the makers of justice.

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

Mumbai (Maharashtra) [India], June 16: In a bustling metropolis like Mumbai, where connectivity defines productivity and entertainment alike, one name has steadily emerged as a beacon of trust and innovation, Net 9 Fibernet Pvt Ltd. With over two decades of experience, this Mumbai-based internet service provider has redefined what it means to offer reliable, high-speed internet, especially in a city where lag is not an option.

Holding a Category B ISP license and operating through a robust, fully passive fibre-to-the-home (FTTH) infrastructure, Net 9 Fibernet is on a mission: to make fast, secure, and stable internet available to every home, office, and institution it touches. And with coverage across over 3,300 buildings, from Worli to Santacruz West, that mission is in full swing.

The Digital Backbone of Modern Mumbai

For modern citizens, whether professionals navigating hybrid work schedules, students immersed in online learning, or families streaming their favourite shows, the internet is no longer optional. It’s foundational. And Net 9 Fibernet has built its business around this very idea. Their FTTH network spans 20% of Mumbai’s city area, offering users blazing speeds of up to 1 Gbps, seamless OTT integration, and IPTV-ready infrastructure.

With two cutting-edge Network Operation Centres (NOCs) in Prabhadevi and Bandra, Net 9 ensures not only 98–99% uptime but also a rapid response to customer needs. Whether you need high-performance connectivity for business-critical operations or want uninterrupted gaming sessions, this ISP has a plan and a solution for you.

Why Net 9 Fibernet Stands Out

With a stellar 4.8-star Google rating, Net 9 Fibernet has not just earned customers, it has earned loyalty. Here’s what makes them a preferred name:

• Technology First: The ISP boasts a 100% passive optical fibre network, ensuring uninterrupted and scalable connectivity. This means no signal boosters, fewer breakdowns, and a cleaner network.
• Human-Centric Service: Unlike faceless service providers, Net 9 Fibernet offers direct contact support lines, ensuring that you speak to real people, not bots.
• Entertainment Unleashed: From Netflix to YouTube, users can access major OTT apps along with 500+ live TV channels, making home entertainment a breeze.
• Tailored Solutions: Whether you’re a homeowner, a startup, or a multi-location corporation, the ISP offers packages that match your bandwidth and support needs.

The Services Portfolio

Net 9 Fibernet isn’t just selling internet, it’s offering digital empowerment:

1. FTTH Broadband Internet

Lightning-fast speeds, high bandwidth, and no speed drops, ideal for streaming, gaming, remote work, and smart homes. Their flexible packages ensure everyone from solo users to large households stays connected seamlessly.

2. Leased Line Internet

For businesses that demand uninterrupted connectivity, the leased line service delivers dedicated bandwidth, superior uptime, and tech-first support, making it a dependable partner for growth.

3. Wi-Fi & VOIP/Intercom

Next-gen Wi-Fi 6 technology powers wireless setups across homes and offices. VOIP and intercom services allow for smooth internal communication, adding an extra layer of functionality for residential buildings and corporate environments.

Local Yet Scalable

Operating in iconic localities such as Worli, Mahalaxmi, Lower Parel, Bandra West, Khar, and Santacruz West, Net 9 Fibernet is not just a service provider; it’s a community enabler. Their deep presence across Mumbai’s western belt offers hyper-local service with metro-level scalability.

Each connection isn’t just a cable; it’s a commitment to keep people working, learning, and living without disruptions.

A Network That Thinks Ahead

As urban life gets more connected and tech-savvy, Net 9 Fibernet is future-ready. From IPTV-readiness to integrated OTT bundles, it’s not just reacting to demand, it’s anticipating it. The company is actively building infrastructure that supports Mumbai’s digital transformation, from startups relying on cloud apps to families embracing smart TVs and automation.

Their vision? A city where connectivity is not a concern, but a given.

Conclusion: The Smart Choice for Mumbai

Choosing an internet provider is no longer about price or speed alone; it’s about dependability, service quality, and future-readiness. And in all those areas, Net 9 Fibernet Pvt Ltd delivers with a performance-driven, human-first approach.

Whether you’re moving into a new apartment in Dadar, expanding your office in Elphinstone, or simply tired of buffering videos, Net 9 Fibernet is a name you can trust. With a blend of technology, empathy, and experience, it’s easy to see why so many Mumbaikars already have. For more information or to get connected, visit www.net9online.in

Email: support@net9online.in

Mumbai (Maharashtra) [India], June 16:  The Landmark 10th Edition of Eliteplus’ Annual Global Signature Summit on Injection, Blow Moulding, PET & Recycling, marks a turning Point for India’s Rigid Plastics Sector with a Strong Focus on Growth & Circularity.

The Elite Plus 10th edition concluded successfully on 12th – 13th June at the Jio World Convention Centre, Mumbai, and is being applauded by the entire industry as a roaring success, further strengthening its position as the Largest Summit Globally in this sector. The Summit is supported by the Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, Government of India. The summit was attended by over 1,050 delegates from 450+ organisations, representing 10 countries.

As India positions itself in the evolving New Global Economic Order, the Summit served as a vital industry accelerator, driving cross-border partnerships, technology exchange, and dialogue among policymakers and industry.

Global Industry leaders, Policymakers, Brand Owners, Recyclers, Converters, Investors, Machinery Manufacturers & Raw Material Suppliers – Entire Value Chain -under one Roof –convened to map the future of sustainable and innovation-driven Growth in the Rigid Plastics Industry covering Packaging and Automotive OEMS.

1. 360 Degrees Coverage

Over two days, discussions brought out critical themes across Keynote addresses from Leaders, 8 Business Sessions and 5 Panel Discussions — ranging from Market dynamics, Sustainable moulding, New applications, Technological advancements, Brand owners’ expectations, PET innovations, and recycling technologies to pricing dynamics, EPR strategies, and circular economy enablers. Summit provided delegates with a 360-degree industry view of growth opportunities.

2. Industry Accelerators

Day 1  focused on Injection and Sustainability, and Day 2 on Blow moulding and PET.

Leaders of Global Companies from 10 countries showcased their latest technologies for our Convertors.  The Summit featured an extensive program of technical presentations, business case studies, and strategic panel discussions, providing in-depth examinations of sector-specific trends and challenges. Sessions covered cutting-edge advancements in Injection Moulding, Blow Moulding, PET Applications, Mobility, and Recycling. Technical leaders and industry experts explored innovations in sustainable materials, circular economy strategies, moulding machinery, AI and automation, and high-performance packaging.

 3. Strategic Panel Discussions: Over two days, 5 panel discussions and business sessions covered pressing industry topics such as sustainable moulding, PET innovations, recycling technologies, pricing dynamics, EPR strategies, and circular economy enablers. Key insights were shared on sustainable packaging design, AI and automation in manufacturing, and new trends in chemical recycling, rPET, and waste-to-value technologies.

4. Technological Advancements: Leading experts presented cutting-edge advancements in injection moulding, blow moulding, PET applications, and recycling technologies. Discussions also centred on breakthrough solutions for PET collection, circular supply chains, and sustainability trade-offs in global policy frameworks.

5. 47+ Exhibitors & a Dedicated Recycling Zone: It is the only place in the World where Summit and Expo coexist- participants learn from  Leaders in the Sessions & interact at the Exhibition booths, and built real partnerships. The 10th edition stood out for its representation from 47 booth exhibitors, who had the opportunity to present their latest offerings in machinery, automation, sustainable additives, moulding systems, and recycled materials.

6. The 10th edition enabled meaningful collaboration among Brand Owners, Recyclers, and Plastic Waste Processors (PWPs) to accelerate circular economy goals. Brand Owners focused on PCR strategies, EPR compliance, and material traceability, while PWPs used the platform to align with market needs and expand their supply partnerships. Converters, showcasing cutting-edge moulding technologies, reinforced their role as key enablers of sustainable, design-to-delivery packaging solutions.

7. Star Address: “The Jamvant Effect – Bharat is Unstoppable” was delivered by *H.E. Honourable Dr. Deepak Vohra*, Ambassador and Policy Adviser, to a standing ovation from 1000 delegates.

Nidhi Verma, Founder & MD, ElitePlus++ Business Services, emphasised that, “This landmark 10th edition with over 1050 Global attendees brought together the World’s leading voices across the Rigid Plastics and Circular Economy value chain. The Summit strengthens its Leadership position globally and becomes the biggest facilitator Platform to enhance  India’s role in the global Rigid Plastics arena, paving the way for future industrial and policy advancements”

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

New Delhi [India], June 16: Nashik based KBC Global Ltd (BSE: 541161, NSE: KBCGLOBAL), a leading name in infrastructure and EPC services, has announced the incorporation of a new wholly owned subsidiary, Dharan Infra Solar Private Limited, as part of its expansion into the renewable energy sector. The Board of Directors approved the move at its meeting held on June 13, 2025. The new company will focus on solar and hybrid energy solutions, aligning with company’s commitment to sustainability and green technology.

Highlights:

• New subsidiary, “Dharan Infra Solar Private Limited,” to operate in solar power and renewable energy sector
• Will undertake design, development, and execution of solar modules and hybrid energy systems 100% ownership to remain with Dharan Infra-EPC Limited
• Strategic move aimed at strengthening presence in green energy and infrastructure ecosystem

Dharan Infra Solar Private Limited will engage in a wide spectrum of activities including the manufacturing, design, development, improvement of renewable energy modules, cells, and accessories. This includes conducting research, trading, buying, selling, wholesaling, retailing, distributing, importing, exporting, assembling, fabricating, repairing, maintaining, altering, and operating solar power projects and hybrid systems that combine solar photovoltaic technology with other forms of renewable energy —aiming to provide end-to-end solutions for solar power projects.

Management of the company said, “The formation of Dharan Infra Solar is a natural progression in our diversification journey. Renewable energy is no longer an option but a necessity. This initiative reinforces our long-term vision to contribute to a cleaner, greener future while opening new avenues for sustainable business growth.”

The incorporation of this new subsidiary marks a significant milestone in Dharan Infra-EPC’s strategy to become a comprehensive player in the infrastructure and clean energy domain. It also comes at a time when India is accelerating its transition toward renewable energy, creating significant market opportunities.

The company is rebranding from KBC Global Ltd to Dharan Infra-EPC Limited as part of a strategic shift to focus on infrastructure and EPC (Engineering, Procurement & Construction) projects and reposition its brand in the market. In February 2024, the board of directors approved to issue 1:1 bonus shares to shareholders with order book size of Rd 260 crores.

KBC Global Ltd is a prominent player in India’s infrastructure and construction sector with a growing portfolio in engineering, procurement, and construction (EPC) services. With a history of delivering high-quality infrastructure projects, the company is now strengthening its presence in the renewable energy segment.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Mumbai (Maharashtra) [India], June 16: The Bombay Stock Exchange (BSE) has approved the Draft Red Herring Prospectus of Integrum Energy Infrastructure Limited for IPO. The company is going public through an IPO to fund working capital requirements, invest in its subsidiary, Integrum Green Assets Private Limited, to finance the establishment of solar plant to supply energy to C&I customer under long term Power Purchase Agreement, fund expenditure for inorganic growth through acquisitions and other strategic initiatives, and for general corporate purposes. The company plans to issue up to 49,50,000 equity shares, as a fresh issue, each with a face value of ₹10, along with an offer for sale of up to 5,40,000equity shares, aggregating to a total issue size of up to 54,90,000 equity shares in the forthcoming IPO.

Beeline Capital Advisors Private Limited has been appointed as the Book Running Lead Manager to the Issue, while Integrated Registry Management Services Private Limited will serve as the Registrar to the Issue.

About Integrum Energy Infrastructure Limited:

Integrum Energy Infrastructure Limited provides innovative renewable energy solutions to industrial and commercial clients, focusing on Solar, Wind, and Hybrid installations. The company’s offerings include the design and installation of customized wind-solar hybrid systems, advanced energy sourcing analytics, and comprehensive asset management to reduce energy costs and carbon footprints.

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.