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Birla Cellulose, the leading cellulosic fibers division of Grasim Industries and LNJ Bhilwara Group, has partnered to pioneer innovative functional textiles infused with graphene technology.

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Birla Cellulose, the cellulosic fibers division of Grasim Industries Ltd, has signed a Joint Development Agreement (JDA) with LNJ Bhilwara Group Companies (RSWM Limited and TACC Limited) to develop graphene technology for textile applications. The agreement will see TACC supplying graphene derivatives to Birla Cellulose, which will integrate them into the production of viscose fibers. RSWM Limited will then use these graphene-enhanced fibers for textile manufacturing.

The collaboration aims to create innovative textiles that combine the exceptional properties of graphene, such as strength, conductivity, and lightweight properties, with the benefits of viscose fibers. Graphene is a single layer of carbon atoms in a hexagonal lattice that has numerous applications, including electronics, energy storage, and construction materials, as well as textiles.

TACC Limited, an innovation-driven company, will supply graphene derivatives to Birla Cellulose, while Birla Cellulose will incorporate these derivatives into its production process. RSWM Limited will use the resulting graphene-enhanced fibers to create durable, high-performance textiles that are also sustainable.

The collaboration is seen as a significant step forward in the development of sustainable textile technology, with the potential to reduce environmental impact while enhancing performance and durability. Birla Cellulose, a leading manufacturer of man-made cellulosic fibers, is committed to sustainability and has implemented environmentally efficient manufacturing processes, including recycled materials and conservation of natural resources.

The partnership brings together three strong players in the industry, with TACC Limited’s expertise in advanced materials, RSWM Limited’s experience in textile manufacturing, and Birla Cellulose’s expertise in cellulosic fibers. The agreement has the potential to create a new wave of sustainable and high-performance textiles, with far-reaching implications for the industry.

Did you miss the latest earnings report for Trent in Q3? Catch up quickly here:

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Several companies are set to announce their third-quarter (Q3) earnings this week. Varun Beverages, Grasim Industries, Eicher Motors, Patanjali Foods, Nykaa, and others are among the companies that will release their earnings on February 10.

Eicher Motors, a motorcycle manufacturer, is expected to post a 28% rise in net profit driven by sharp volume growth and higher exports. Upstox has provided a Q3 preview for Eicher Motors, highlighting these factors as contributors to the profit growth.

Q3 results have already been released by some companies, including Life Insurance Corporation of India (LIC), Mahindra & Mahindra (M&M), Mazagon Dock, and others. According to NDTV, LIC’s profit surged, while M&M and Mazagon Dock also reported healthy profits. In contrast, National Hydroelectric Power Corporation (NHPC) posted a decline in profit, while Ola Electric reported a widened loss.

Varun Beverages, a carbonated soft drinks manufacturer, and Bata India, a footwear company, are among the many companies that will release their Q3 results on February 10. Other companies set to release their earnings this week include Apollo Hospitals, CRISIL, Grasim Industries, Ramco, and more.

Moneycontrol has reported that Eicher Motors’ Q3 results are expected to show a strong profit growth, driven by the company’s focus on exports and capacity expansion. Mint has also listed the companies set to release their Q3 results this week, including Varun Beverages, Bata India, Apollo Hospitals, Eicher Motor, CRISIL, Grasim Industries, and Ramco.

Here’s a rewritten version of the title:Tax authorities conduct raid on Grasim Industries’ Tamil Nadu plant, sparking scrutiny

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Grasim Industries, a leading Indian conglomerate, has reported that its textile division in Tamil Nadu was subject to a Goods and Services Tax (GST) search and seizure operation by the tax authorities. According to the company, the operation was conducted by the GST commissionerate in Tirupur, Tamil Nadu, on January 12, 2023.

The search and seizure operation was reportedly conducted in connection with alleged irregularities in the company’s GST returns and other tax-related matters. The authorities seized documents, records, and other materials from the premises, which may be used as evidence in any subsequent investigation or legal proceedings.

Grasim Industries has assured its stakeholders that it is cooperating fully with the tax authorities and is committed to resolving the issue amicably. The company has also stated that it has been diligently complying with all tax laws and regulations and has always maintained transparency in its financial dealings.

The company’s statement added that it has been providing necessary information and documentation to the tax authorities and has been working closely with them to resolve the issue. Grasim Industries has also assured its investors and stakeholders that the issue is unlikely to have any significant impact on the company’s business operations or financial performance.

This development comes at a time when the Indian government is cracking down on tax evasion and irregularities across various industries. The GST search and seizure operation is seen as a step towards ensuring compliance with tax laws and regulations.

Grasim Industries is a leading Indian conglomerate with interests in various sectors, including textiles, chemicals, and power generation. The company has a strong presence in the Indian market and is known for its high-quality products and innovative business practices.

Overall, the GST search and seizure operation at Grasim Industries’ Tamil Nadu unit is a significant development that highlights the importance of tax compliance in the Indian business landscape. The company’s commitment to cooperating with the tax authorities and resolving the issue amicably is a positive sign for its stakeholders.

Here is a reworded version of the line:Grasim Industries halts production at Karwar plant following a minor safety incident, while an investigation into the matter is initiated.

A minor safety incident at the Grasim Industries plant in Karwar, Karnataka, has led to the suspension of operations at the facility. According to reports, a gas leak at the plant caused 19 workers to fall ill. The exact cause of the leak is not specified, but it is believed to have been a minor incident. As a precautionary measure, the plant has been temporarily shut down to ensure the safety of the employees and the surrounding community. Local residents have also staged a protest to show their concern and demand better working conditions. The authorities are investigating the incident to determine the cause of the leak and to prevent such incidents in the future. The plant is a major employer in the region, and any disruption to production can have serious economic implications. The suspension of operations is a prudent measure to ensure safety, even if it is temporary.

A total of 19 workers were hospitalized after being affected by a hazardous gas leak at the Grasim Industries plant.

Nineteen workers at a Grasim Industries unit in Karwar, Karnataka, were hospitalized on January 11 after a chemical gas leak caused them to fall ill. The majority of the workers were from Bihar and Uttar Pradesh. The gas leak, attributed to a leak of chlorine gas, caused 14 workers to be taken to the Karwar Institute of Medical Sciences due to symptoms such as burning eyes and breathing difficulties. Five others were treated on-site. Angry locals and workers’ unions staged protests, accusing the company of poor safety standards and cover-ups. Protesters alleged that the company’s siren, which should have warned of danger, was not sounded, putting nearby schools, colleges, and houses at risk. Residents are demanding that the plant be shut down until a safety audit is conducted and it is cleared for use, as well as the registration of a case against those responsible for the gas leak.

Grasim Industries slapped with ₹2.57 crore fine for delays in provident fund transfers, according to ET LegalWorld.

The Regional Provident Fund Commissioner, Ranchi has imposed a penalty of ₹ 2,56,99,858 on Grasim Industries Limited’s Chemical Division Unit at Rehla. The penalty was imposed due to a delay in transferring accumulated provident fund balances of employees from a trust to the Employee’s Provident Fund Organization (EPFO) on the amalgamation of Aditya Birla Chemicals (India) Limited with Grasim Industries Limited. An appeal has been filed against the order. Grasim Industries Limited received the order on October 14, 2024, and apologizes for the unintentional delay in reporting the issue to the stock exchange. The company had to disclose the penalty to the exchange under regulations.

Market darlings: what’s next? Staying bullish on BSE, Zomato, Grasim, Tata Motors, Axis Bank, Hyundai, ICICI Bank – can they deliver more profits?

The article “Buy, Sell Or Hold: BSE, Zomato, Grasim, Tata Motors, Axis Bank, Hyundai, ICICI Bank—Ask Profit” provides stock recommendations for seven Indian companies listed on the NSE and BSE. Here’s a summary of the article:

* Buy: BSE (Sensex), Grasim Industries, and Tata Motors are recommended for a potential upside. BSE’s stock price is expected to rise due to its growth prospects and increasing market capitalization. Grasim Industries’ stock is recommended due to its strong performance in the cement sector, while Tata Motors’ stock is expected to benefit from its efforts to revive sales and improve profitability.
* Sell: Zomato’s stock is recommended to be sold due to concerns over its high valuation and increasing competition in the food delivery space.
* Hold: Axis Bank, Hyundai, and ICICI Bank are recommended to be held due to their stable performances and lack of significant growth prospects.

The article’s author, Ask Profit, provides technical and fundamental analysis to support their recommendations, but it’s essential for investors to do their own research and consider their risk tolerance before making any investment decisions.

Grasim Industries partnered with Shakti Pumps India

Grasim Industries’ Board of Directors has approved the issuance of non-convertible debentures on a private placement basis, with a maximum amount of Rs. 2,000 crore to be issued in one or more tranches. This is to raise funds for the company’s operations and future growth.

Shakti Pumps (India) Limited has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for a large order of 25,000 stand-alone off-grid DC solar photovoltaic water pumping systems (SPWPS) pumps. The total value of the order is approximately Rs. 754.30 crores, and the company has 60 days to complete the execution of the order.

This news highlights two significant developments in the Indian business space. Grasim Industries is seeking to raise funds through the issue of non-convertible debentures, while Shakti Pumps India has secured a major order from MSEDCL for their innovative solar-powered water pumping systems.

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