Business Bureau

Wockhardt Ltd, a global pharmaceutical and biotechnology company, is aiming to turnaround its business operations by restructuring its US business, partnering with Serum for UK vaccine manufacturing, and conducting research in novel antibiotics. Q4FY23 saw 7% Yo-Y revenue growth and a three-fold jump in EBITDA to Rs. 47 crore. Wockhardt is restructuring its US operations, shutting down its Morton Grove manufacturing facility and transferring it to contract manufacturing organizations. The company aims to maintain a 40% gross margin and manufacture few higher-margin products through third-party manufacturing. Wockhardt is a leading R&D company with comprehensive antibiotic drug discovery programs, including Emrok,…

India's Prime Minister Narendra Modi attended the Environment and Climate Sustainability Working Group (ECSWG) Ministers' Meeting in Chennai, emphasizing the need to increase action on commitments under the UN Climate Convention and Paris Agreement.The ECSWG held a ministerial meeting with 300 representatives from countries and G20 members to discuss water resource management and climate change. The meeting aimed to build consensus on three thematic areas identified by the Indian Presidency: stopping land degradation, promoting a blue economy, and resource efficiency and circular economy. The main focus was to finalize a draft ministerial communiqué. Addressing the meeting, PM Modi said, “Today,…

Honda Motorcycle and Scooter India (HMSI) launched a National Road Safety Awareness Campaign in Umden, Meghalaya, aiming to promote safe riding habits. The two-day camp at St. Joseph H.S. School in Umden spread awareness to over 1800 students and staff, using age-appropriate learning programs to enhance road safety awareness. HMSI's National Road Safety Awareness program offers a scientifically designed learning module, with skilled instructors providing theory sessions on road signs, driver duties, riding gear, posture, and safe riding etiquette. A virtual riding simulator is used for practical learning, with over 100 possible dangers experienced before actual riding. KikenYosoku Training (KYT)…

The GST council is set to meet on August 2 to decide on the implementation of GST on online gaming. The council will decide whether the 28% GST will be levied on deposits or on every game. The revenue secretary acknowledged that levying a 28% tax on every game would lead to repeated taxation of the same rupee, resulting in an effective tax rate of up to 50%-70%. Over 30 global and Indian investors have expressed concerns about the debilitating effect of taxing every game on the industry. Levying 28% GST on every game would result in a more than…

Coca-Cola reported strong second-quarter 2023 results, showcasing momentum in a dynamic operating environment. The company focuses on strengthening its presence in emerging markets, building strategic partnerships, and investing in sustainable initiatives to support growth globally. The company aims to focus on innovation, revenue growth, and brand building through a sustainable, circular economy, benefiting stakeholders.The company's performance in the India market is outlined below;  Steady Unit Case Volume-Coca-Cola's Unit Case Volume remained steady in the second quarter, with growth in Mexico balanced by declines in the US and Spain. Developed and emerging markets remained even, with growth in India and Brazil…

Parenthood is a journey filled with immense love, dedication, and unwavering promises. From the moment a parent discovers they are expecting, they form a deep connect with their baby to always protect its skin and ensure its well-being from day 1. Johnson's® Baby, a pioneer in baby skincare, recognizes and celebrates every parent’s powerful commitment with its latest campaign, 'Promise, pehle pal se'. The brand's latest marketing campaign, 'Promise, Pehle Pal Se,' emphasizes their commitment to using baby-safe ingredients for protection from day one. Campaign launches July 24 across TV, digital, social media. Johnson's® Baby, a brand with a long-standing…

ITC Limited, a leading multi-business enterprise in India, has released a special postal stamp in New Delhi to commemorate the International Year of Millets. The stamp celebrates the Shree Anna and nationwide efforts to raise awareness on millets. The exclusive stamp was released by Shri Kailash Choudhary, Minister of State for Agriculture and Farmers' Welfare, in the presence of Sushri Manju Kumar, Chief Post Master General, Department of Post, Ministry of Communication, and Shri S. Sivakumar, Group Head – Agri Business, ITC Limited. ITC remains committed to helping India Eat Better and raising awareness on millets, a movement spearheaded by…

Glance, a Bengaluru-based technology company, has released a video on social media channels to reveal the mystery surrounding the discovery of giant buttons labeled as 'unlock,' 'search,' and 'download' in garbage bins across India. The video shows photographs and videos of people dumping these symbolic buttons for their smart lock screen, which doesn't require users to unlock their phones, download, and search to access different content on the internet. The company claims that users don't need these buttons if they have the Glance smart lock screen. The discovery of the buttons has sparked widespread curiosity and led to discussions on…

Monsoon is a spellbinding season known for its vibrant atmosphere, characterized by chai, dancing, pakoras, and music. During this season, it is crucial for diabetes patients to maintain regular monitoring and monitor their blood sugar levels. Continuous glucose monitoring (CGM) devices provide glucose insights without finger pricking, with metrics like Time in Range. Regular readings help maintain optimal glucose control, allowing for better glucose control. Dr. Bikas Rai Das, Sr. Consultant Cardiothoracic & Vascular Surgeon, Apollo Hospital, Guwahati,, emphasizes the importance of monitoring diabetes during the rainy season to prevent health issues and glucose fluctuations. Dr. Das said, “Therefore, monitoring…

Tata Motors Ltd. (TML) shares its results for quarter ending June 30, 2023.  Tata Motors continued its strong performance in Q1 FY24, with revenues at 102.2K Cr, EBITDA at 14.7K Cr, and EBIT of 8.3KCr. The company's JLR business experienced a 57% increase in revenues to £6.9b, with EBIT margins of 8.6%. CV volumes were lower by 15% due to BS6 Phase 2, but EBIT margins improved to 6.5%. The PV business experienced 11.1% revenue growth and EBIT of 1.0%. Overall, PBT (bei) improved by 10.3KCr to 5.3KCr, and net profit was 3.3KCr. Despite near-term uncertainties, the company remains optimistic…