Damani seals India’s largest residential portfolio deal to date

Himadri PAT Rises 48% in Q1 Amid Global Battery Push

Himadri Speciality Chemical Ltd reported its highest-ever quarterly EBITDA of Rs 234 crore and PAT of Rs 183 crore for Q1 FY26, with profitability up 48% YoY. Revenue stood at Rs 1,100 crore.CMD Anurag Choudhary attributed the gains to operational efficiencies, improved yields, and focus on high-value battery materials. Himadri also revived Birla Tyres with a new brand identity and plans a multi-platform marketing campaign.The firm signed a licensing deal with Australia’s Sicona for SiCx® anode tech, enabling localisation and commercialisation in India. Himadri also invested USD 4.43 millio..

Covestro Develops Fire-Safe Foam for EV Battery Safety

Covestro has introduced Baysafe® BEF, a new flame-retardant polyurethane foam designed to enhance battery safety in EVs and energy storage systems. The foam minimises thermal propagation between cells, reducing fire risk.The launch aligns with China’s GB 38031-2025 battery regulation, effective from July 2026, which sets stringent safety standards. "This innovation represents a significant step toward enabling sustainable mobility through enhanced safety," said Akhil Singhania, Global Head of PU Specialties at Covestro.The foam's lightweight structure and fire resistance meet the needs of g..

Indofen Uses Siemens Xcelerator to Power Smart Foundries

Indofen Furnaces LLP has implemented Siemens' Industrial Edge-based Performance Insight from the Siemens Xcelerator portfolio to digitise aluminium recycling and foundry operations. The solution enables real-time data visibility and smarter process control."Siemens Performance Insight provides our customers a comprehensive view of furnace performance including metal charging, fuel usage, and temperature," said MD Ezhil Kumar. The integration improves fuel efficiency, quality control, and predictive maintenance.Suprakash Chaudhuri, Head of Digital Industries at Siemens India, stated, "This coll..