Eveready Delays New Category Entry

Dabur's Burman family to promote Eveready Industries

According to a regulatory filing made by the Kolkata-based flashlight and battery manufacturer Eveready Industries, the Burman family, promoter of the FMCG major Dabur India, is now the promoter of the company. Following the conclusion of an open bid in June, family-affiliated companies Puran Associates, VIC Enterprises, MB Finmart, Gyan Enterprises, and Chowdry Associates now collectively own 38.38 percent of Eveready Industries.

According to a disclosure to bourses issued by the company ..

Adani Energy Acquires Essar's Transmission Assets

Adani Energy has finalised the acquisition of Essar's Mahan and Sipat transmission assets for a sum of Rs 1900 crore. This significant move underscores Adani's strategic expansion within the energy sector and consolidates its position as a key player in India's power transmission domain.

The acquisition of Essar's transmission assets represents a strategic investment for Adani Energy, enabling the company to augment its infrastructure and bolster its transmission network. With the addition of these assets, Adani strengthens its operational footprint, enhancing its capacity to deliver r..

IEX Q4 Net Profit Grows 9.5%

The Indian Energy Exchange (IEX) has reported a significant uptick in its net profit for the fourth quarter, marking a notable growth of 9.5%. This financial performance underscores the resilience and strength of the company's business model in navigating through dynamic market conditions within the energy sector.

The impressive growth in net profit reflects IEX's robust operational performance and effective strategic initiatives aimed at enhancing efficiency and driving sustainable value creation. As a leading power trading platform in India, IEX plays a pivotal role in facilitating t..