MARKET STRUCTURE · INDIA Grasim’s consolidated profit up 76%; paints business CEO resigns Change Grasim Industries reported a 76% increase in net profit for the September quarter, driven by strong performance in chemicals and building materials. This growth is significant as it reflects the company's resilience and strategic investments despite leadership changes. Why it matters Grasim Industries experienced a remarkable 76% year-on-year increase in consolidated net profit, reaching Rs 533 crore for the September quarter. This growth was primarily fueled by robust performance in its chemicals and building materials sectors, with consolidated revenue rising 17% to Rs 39,900 crore. The company also announced the resignation of Rakshit Hargave, CEO of Birla Opus Paints, effective December 5. Grasim is actively investing in renewable energy projects, acquiring stakes in special vehicles for these initiatives. Economic Times · 7:30 PM More actions Like (sign in) Save (sign in) Share Facebook LinkedIn X / Twitter Copy link
MARKET STRUCTURE · INDIA We are one step away from solving climate change: Chemistry Laureate Change David MacMillan emphasized that organocatalysis could be key to addressing climate change, highlighting India's potential in this field. This matters as innovative solutions are crucial for a growing global population. Why it matters At the Nobel Prize Dialogue India 2025, David MacMillan discussed the importance of organocatalysis in combating climate change. He noted India's rapid ascent in biotechnology and chemistry, suggesting that innovative research is essential to meet the needs of a growing population. Other speakers highlighted the interconnectedness of health, infrastructure, and inequality, stressing the need for systemic changes to address these challenges. The Hindu · 5:00 PM More actions Like (sign in) Save (sign in) Share Facebook LinkedIn X / Twitter Copy link
