CHENNAI PLUS

In a significant advancement supporting India's ambitious target of achieving 500 GW of renewable energy capacity by 2030, Energy Solutions, business of the Godrej Enterprises Group, has successfully secured a comprehensive project of 2 MWp solar power plant for a leading FMCG company’s facility in Guwahati, Assam. This landmark project aligns with the nation's vision for energy independence and sustainable industrial growth, showcasing Godrej's commitment to accelerating India's clean energy transition through innovative, customized renewable solutions. Being one of the most responsiblebrandsin India, this project marks Godrej's first major solar EPC project in the FMCG sector, reducing carbon emissions by approximately 98.4 tons annually showcasing Godrej’s expanding capabilities in delivering customized renewable energy solutions across diverse industries. The state-of-the-art solar plant will generate approximately 2.4 million kilowatt-hours of green energy an...

  Schaeffler India Limited (BSE: 505790, NSE: SCHAEFFLER), the Motion Technology Company,  announced that the Board of Directors approved the results for the first quarter, ended March 31, 2025 January – March 2025(1stQuarter) ·          Revenue from operations (net) for the quarter (Q1 ’ 25) was INR 21,100 million, 14.1% higher than the corresponding quarter of 2024 and 1.3% higher than preceding quarter (Q4 ’ 24) ·          PBT (before exceptional items) for the quarter (Q1 ’ 25) was INR 3,557 million, 16.4% higher than the corresponding quarter of 2024. PBT margin for the quarter stood at 16.9%, compared to 16.5% during the corresponding quarter of 2024 and 16.3% during the preceeding quarter ·          Net Profit for the quarter was INR 2,654  million and net profit margin stood at 12.6%   Commenting on the results, Mr. Harsha Kadam...

Considering the harsh summer temperatures and prioritizing the consumer’ surgent need for multiple cooling solutions at home, the Appliances Business of Godrej & Boyce, part of Godrej Enterprises Group has introduced its latest offering in the air cooler segment – Edge Minicool, a compact personal cooler. The product is designed to meet the growing demand for portable, elegant-looking and effective cooling solutions.   Godrej’s Edge Minicool is a slim, compact and convenient personal air-cooler that can be moved anywhere in your home for enhanced cooling. It has a 37-litre water tank with water level indicator,and a built-in ice chamber to provide an extra cooling boost on particularly hot days. Its5-bladed aerodynamic 12” fan ensures powerful air throw and is supported by 3-side air suction for superior cooling. For added convenience and hygiene, it features fully collapsible louvres and anti-bacterial odourless honeycomb cooling pads that helps deliver cleaner, healthier an...

Ather Energy Limited  proposes to open an initial public offering (“Offer”) of its equity shares of face value of ₹ 1 each (“Equity Shares”) on Monday, April 28, 2025.The Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, being Friday, April 25, 2025. The Bid/ Offer Closing Date is Wednesday, April 30, 2025. The Price Band of the Offer has been fixed from ₹ 304per Equity Share to ₹ 321per Equity Share. Bids can be made for a minimum of 46 Equity Shares and multiples of 46Equity Shares thereafter. All potential Bidders (except Anchor Investors) are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective bank accounts (including UPI ID for UPI Bidders using UPI Mechanism) in which the Bid Amount will be blocked by the SCSBs or the Sponsor Banks, as applicable, to participate in the Offer. Anchor Investors are not permitted to participate in the Anchor Investor Portion of ...

Castrol India Limited (BSE: 500870; NSE: CASTROLIND) announces its results for the first quarter (1Q) ended 31 March 2025 (FY25). The Company follows the calendar year (January to December) for its financial reporting.   Key financial highlightsas compared to 1Q 2024: ·          Revenue at ₹ 1,422 Crore, increase of 7% ·          Profit before tax (PBT): ₹ 313 Crore, increase of 7% ·          Profit after tax (PAT): ₹ 233 Crore, increase of 8%   In the first quarter (1Q), from January to March 2025, Castrol India reported Revenue from Operations of ₹ 1,422Crore, marking a growth of 7% over ₹ 1,325 Crore in 1Q 2024. Compared to the previous quarter (4Q 2024), revenue grew by 5% from ₹ 1,354 Crore.   Profitbefore tax stood at ₹ 313 Crore, up 7% from ₹ 292 Crore in 1Q 2024. Profitsafter tax grew 8% year-on-year to ₹ 233 Crore.   Commentin...

The Advertising Standards Council of India (ASCI) has released an update to its Influencer Advertising Guidelines, specific to Addendum 2 for health and finance influencers. Earlier, all influencers providing advice and/or promoting and/or commenting on merits or demerits on aspects related to commercial goods and services in the fields of BFSI and Health & Nutrition were required to have the necessary qualifications and certifications in order to provide such information and advice to consumers. The updated guidelines draw a distinction between generic promotions and the promotion of technical aspects of a product and service, which consumers are likely to interpret as expert advice. Now influencers need to be qualified and declare such qualifications only where technical information and advice are provided. Where the advertisement is of a generic nature or in the form of a public service message, such qualifications are not necessary. For example, An insurance company usi...

Prestige Hotel Ventures Limited, a hospitality asset owner and developer focused on luxury, upper upscale and upper midscale hospitality assets in India for both business and leisure travellers, has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”). The IPO comprises of a fresh issue of equity shares of face value of ₹ 5 each aggregating up to ₹ 1700Crores and an offer for sale of equity shares of face value of ₹ 5 each aggregating up to ₹ 1000 Crores. The offer for sale comprises of equity shares of face value of ₹ 5 each by Prestige Estates Projects Limited (Promoter Selling Shareholder). Prestige Hotel Ventures Limited proposes to utilise from the Net Proceeds an estimated amount of ₹ 1121.276 Crores towards full or partial repayment or pre-payment of borrowings amounting to Rs 397.248 Crores availed by the Company and Material Subsidiaries, namely, Sai Chakra Hotels Private Limited and Northland Holding Co...

86% of people in Southern India believe that sleep disturbances, especially in children, are directly affecting their family's health and well-being. This finding comes from a survey report released by Goodknight, a leading household insecticide brand from Godrej Consumer Products Ltd (GCPL), ahead of World Malaria Day on April 25. The survey, titled ‘One Mosquito, Countless Threats,’ was conducted by YouGov and explores public attitudes towards the risks of mosquito-borne diseases. This concern is consistent across regions, with 87% of respondents in the North, East, and West sharing similar worries. The study shows that sleep deprivation is a major issue in Indian households. Adults are losing up to 2 hours of sleep each night, while children are missing nearly 4 hours of their needed rest. This ongoing lack of sleep is negatively impacting health by weakening immunity, increasing stress levels, and making people more prone to infections, particularly mosquito-borne diseases li...

Akshaya Tritiya is a significant festival in India that symbolizes prosperity and new beginnings, especially marked by the purchase of gold. CaratLane, a leading jewellery brand, is enhancing this celebration with the launch of two new collections named Sol and Luna, inspired by the sun and the moon. These collections combine unique designs with elegance, perfectly aligning with Akshaya Tritiya and the regional New Year festivities. Saumen Bhaumik, CEO & MD of CaratLane, emphasized that Akshaya Tritiya is a prime time for gold purchases. The Sol and Luna collections aim to meet the demand for meaningful, design-focused jewellery that can be worn year-round. CaratLane is also offering a promotional deal where customers receive a free 0. 5g gold coin with every purchase of ₹30,000, enhancing the festive experience. The Sol collection features 18KT yellow gold and special-cut gemstones, symbolizing new beginnings, while Luna includes delicate diamond-studded designs in 18KT gold, ...

Tamilnad Mercantile Bank Ltd (TMB), a well-known private sector bank based in Thoothukudi, has been in operation for 103 years and has a strong profit-making record. The bank operates 578 branches and 12 regional offices across 17 states and 4 Union Territories, serving over 5. 3 million customers.   On April 23, 2025, TMB’s Board of Directors approved the audited financial results for the year ending March 31, 2025. Managing Director and CEO, Shri Salee S Nair, announced a 10. 35% year-on-year growth in net profit, which reached ₹ 1,183 crore. The bank opened 26 new branches and formed strategic partnerships for digital transformation.   Financial highlights include improvements in operating profit, interest income, total income, and total business, alongside a decrease in gross and net NPA ratios. The bank's deposits rose to ₹ 53,689 crore, and non-interest income increased significantly.  

Paying tribute to the legendary leader Late Mr. Osamu Suzuki, Suzuki Motor Corporation and Maruti Suzuki India Limited, announced a proposal to establish Osamu Suzuki Centre of Excellence (OSCOE) in India. The announcement was made as part of the remembrance event held today at Yashobhoomi, Delhi, in the memory of Late Mr. Osamu Suzuki, Former Chairman, Suzuki Motor Corporation, who passed away on 25 th Dec ember 2024, in Japan.   Mr. Osamu Suzuki brought to India the Japanese concepts of manufacturing that not only led to high competitiveness but also resulted in creating more equitable, inclusive and cohesive society. These concepts are of deep relevance for the future growth of competitive manufacturing in India. Hence, to recognise Mr. Osamu Suzuki’s contribution towards nation-building and for wide propagation of his manufacturing philosophy that led to Maruti Suzuki’s success, this Centre of Excellence is being set up.   OSCOE is proposed to be located in Gujarat a...

Swiggy India’s pioneering on-demand convenience platform, has launched Swiggy Sixes—a real-time, match-linked offer designed to elevate the excitement of the ongoing cricket season and unlock higher offers on your favourite restaurants. With cricket fever gripping the nation, Swiggy Sixes turns every towering six into a chance for fans to celebrate with irresistible food deals, adding flavour to every moment of the game. With Swiggy Sixes, users can unlock exciting discounts 66% off, ₹266 off, ₹166 off or ₹66 off—on orders from over 50,000 restaurants across the country. These limited time offers get activated the moment a six is hit during a live cricket match and remain valid for only ten minutes. A real-time “ball floaty” timer appears on the Swiggy app with alerts like “A Six was Hit! Offer Unlocked”, allowing users to track live unlocks with ease. To avail the offer, users need to place their order within the 10-minute window after a six is hit. The entire order journey, inclu...

The Storage Solutions Business of Godrej Enterprises Group is strengthening its capabilities to support the exponential rise in demand from India’s fast-paced quick commerce sector, in addition to its strong presence across e-commerce, retail, and third-party logistics (3PL). As India's warehousing landscape evolves, Godrej Enterprises Group is empowering businesses with intelligent, tech-integrated solutions that are faster, more adaptive, and built for the future. Vikas Choudaha, Business Head, Storage Solutions Business of Godrej Enterprises Group, said “With over 10 million sq. ft. of mother hubs projected to be added by new age startups and existing e-commerce players in next 2-3 years and more than 3,000 dark stores expected to power the quick commerce boom by next year, there is a growing demand for agile, high-efficiency storage solutions. As India races toward faster delivery timelines, it becomes critical to transform the entire storage and distribution ecosystem. A...

Sintex by Welspun, India's leading and trusted manufacturer of quality water storage solutions, is redefining the norms related to water storage solutions in Tamil Nadu. Sintex aims to raise awareness towards the importance of storing of cleaner and safer water thereby safeguarding family’s health. With temperatures soaring across Tamil Nadu, it is essential to protect stored water from the hazards brought on by harsh climatic conditions – formation of algae due to UV, accelerated microbial growth especially in poorly sealed or unclean tanks and foul smell discharge from tanks in high temperatures. Based on Sintex’s commitment towards high quality products, Titus is built using only 100% virgin food-grade plastic and is equipped with anti-algae & anti-bacterial properties. Unlike 100% virgin food-grade plastic, recycled plastic has the potential to release toxic chemicals such as -- bisphenol-A (BPA), phthalates, benzene, formaldehyde and others that have negative impact on ...

Swiggy Ltd, India’s pioneering on-demand convenience platform announced the launch of a new consumer app, Pyng—an AI-driven platform designed to simplify access to thousands of verified professionals across 100+ specializations. Pyng marks Swiggy’s entry into the growing professional services market. Pyng is an online marketplace designed to address the increasing yet unmet demands of urban consumers who are often overwhelmed by endless online searches for reliable, skilled professionals. By leveraging advanced AI, a curated network of experts, and a customer-centric approach, Pyng aims to make access to verified professionals more efficient, and dependable. Speaking about Swiggy’s latest offering, Nandan Reddy, Co-founder and Head of Innovation at Swiggy, said, “As our lives become increasingly fast-paced, the demand for professional assistance—from tax planners and counsellors to yoga trainers—is growing across both personal and professional spheres. With Pyng, we’re offering a r...