There are no easy solutions to the worlds biggest problems like climate change, air pollution and providing clean drinking water for everyone. But a new state-of-the-art laboratory in Skokie is dedicated to addressing them through a new generation of materials, products and techniques. The nonprofit UL Research Institutes, a world leader in safety science, opened the doors of its newest facility in Skokie on September 12. The 19,366-square-foot Material Discoveries Research Institute (MDRI), located in the Illinois Science + Technology Park at 8045 Lamon Ave., is designed to be one of the worlds top facilities for research involving energy creation […]
Despite not being on the ballot, Joe Biden's legacy is intertwined with Kamala Harris's defeat. Critics argue his late withdrawal from the presidential race, fueled by concerns about his age and handling of key issues, hampered Harris's campaign and ultimately led to the Democrats' loss.
Aadhar Housing Finance's stock has risen 47% since its IPO, driven by strong growth and government focus on affordable housing. Despite market volatility, the stock has gained 8% in the past month, attracting investor interest.
Eureka Forbes reported an 83.2% YoY rise in Q2 net profit to Rs 46.67 crore, with revenues up 27.6% to Rs 672.87 crore. Growth was driven by product innovation, increased marketing, and early festive season demand.
NHPC Ltd reported a 41% YoY decline in net profit to Rs 909 crore for Q2 FY24, compared to Rs 1546 crore last year. Revenue rose 4% to Rs 3052 crore, while EBITDA grew 2%, with improved margins of 58.9%.
Tata-backed IHCL reported a 226% YoY profit surge to Rs 583 crore for Q2, with revenues up 27.4% to Rs 1826 crore. The company will manage The Claridges, New Delhi from April 2025. H1 revenues grew 16.4%, profit up 103%.
Lupin exceeded profit expectations in the second quarter, reporting a 74% surge in profits, reaching 8.53 billion. This growth was fueled by robust demand for their respiratory and diabetes medications. Overall revenue also saw an 11.3% increase, reaching 54.97 billion.
To address concerns about the "skin in the game" rule for designated employees of mutual funds, Sebi on Thursday proposed reducing the mandatory investment percentage, applying it based on salary brackets, and excluding non-cash components like ESOPs from the minimum investment calculation. The proposals aimed at easing compliance, particularly for employees with lower CTCs and those in operational roles.
