Indian Exporters Face Shipping Cost Surge Amid Suez Canal Bypass Disruption

Servotech Q4 and FY25 Results Show 91% Revenue and 176.5% PAT Growth

Servotech Renewable Power System, India’s largest manufacturer of Electric Vehicle (EV) chargers, and a leading provider of Solar solutions, EV Charger components and Power-Backup solutions, today announced its financial results for the Q4 and Full Year ended March 31, 2025 at its Board of Directors meeting on May 6, 2025. In addition to strong financial performance, the company continued to make significant operational improvements. The average debtor cycle improved to 86 days in FY25, reflecting tighter credit control and improved collections. Inventory turnover ratio also improved, with..

LANXESS Gets Top CDP Ratings for Climate and Water Protection

The climate protection initiative CDP has honoured LANXESS for its outstanding commitment to the fight against climate change. In its current assessment, CDP has given the specialty chemicals company the top grade of “A” in the “Climate” category. This puts LANXESS in the top 2 per cent of the more than 24,700 companies evaluated by CDP. The grade “A” is awarded to companies that report particularly transparently and comprehensively on their activities in climate protection and also implement corresponding projects. To do so, they must demonstrate their strategies and measures, su..

Fast-growing MYCRANE Wins Startup of the Year Award in Construction

MYCRANE, the first global platform for online crane rental, has been named Startup of the Year at the Construction Technology Awards, held on May 1 in Dubai. The annual awards celebrate the most impactful digital transformation in the built environment across the Middle East and Africa, with entries evaluated for innovation, traction, scalability and benefit realisation. MYCRANE received the award in recognition of its success in modernising the crane rental industry, delivering a platform that streamlines the procurement of lifting equipment and improves outcomes for both customers and eq..