Power ministry pushes for GST cut on hydropower project components

LANXESS Q2 Sales Rise 6.5% to EUR 1.56 Billion

LANXESS reported a 6.5% year-on-year increase in sales to EUR 1.561 billion in the second quarter of 2026, compared with EUR 1.466 billion in the same period last year.EBITDA pre exceptionals rose 1.3% to EUR 152 million from EUR 150 million, while the corresponding margin stood at 9.7%, compared with 10.2% in Q2 2025. The improvement was supported by higher demand and increased sales volumes, while price increases largely offset higher raw material and energy costs.Compared with the first quarter of 2026, sales increased 13.3% and EBITDA pre exceptionals rose 61.7%. Free cash flow improved to..

Schaeffler India Appoints Amit Bhalerao as COO

Schaeffler India has appointed Amit Bhalerao as Chief Operating Officer (COO), effective August 10, 2026. He will lead the company's manufacturing operations across India and oversee operational excellence, manufacturing strategy, digital transformation and capability development.As a member of Schaeffler India's Executive Leadership Team, Bhalerao will work with business and functional leaders to strengthen the company's manufacturing footprint, improve operational performance and accelerate localisation initiatives. He will also focus on developing future-ready manufacturing capabilities acr..

RHI Magnesita India Q1 FY27 Revenue Rises 6%

RHI Magnesita India Limited reported consolidated revenue from operations of Rs 10.14 billion for the first quarter ended June 30, 2026, registering a 6% year-on-year increase.Operating EBITDA rose 42% YoY to Rs 1.47 billion, while the operating EBITDA margin improved by 3.7 percentage points to 14.5%. Profit after tax increased 83% YoY to Rs 0.65 billion.The company's shipment volumes stood at 122 KT during the quarter, while its net cash-to-EBITDA ratio was 0.27x.Parmod Sagar, Chairman, RHI Magnesita India, said the company delivered healthy growth in revenue and profitability despite pricin..