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Luxor Writing Instruments and Germany's Schneider Pen on Thursday announced a collaboration to launch co-branded products in the Indian market. Under the partnership, Schneider will provide technology and transfer it to Luxor in India for manufacturing. It will be the first instance of the German firm producing its products outside of its home country. Through the partnership, Luxor is looking to accelerate its growth and touch the revenue of Rs 1,000 crore over the next three to five years, while Schneider Pen is looking to increase its revenue by around 10 million euros. "This is the first time a German brand or any brand is going to be launched as a co-brand. Luxor Schneider will be the consumer brand in the country and German technology and precision engineering, which is the heart of Schneider's brand, is now going to be part of the technical support and know-how and transferred to India, which Luxor will take forward and build the base of India's consumer with better writing .
Manufacturers of braking equipment for automotive and non-automotive applications, Brakes India has unveiled ZAP brake pads with advanced friction technology for electric vehicles, the company said on Saturday. The ZAP brake pads with enhanced corrosion protection and quiet braking has been specifically designed and formulated to suit the requirements of the customers of battery operated vehicles. "The market for electric vehicles is growing exponentially. Tapping this opportunity and understanding the customer needs, we have launched ZAP for a few leading electric vehicles, which will soon be expanded across other EV models," company vice-president and head (aftermarket business) S Sujit Nayak said. "Leveraging our Research and Development expertise, ZAP brake pads are designed for quiet braking, consistent stopping power, low brake dust and enhanced corrosion protection", he said. The brake pads adhere to highest possible standards for environmental safety and sustainability. A
IRB Infrastructure Developers Ltd on Monday reported a 94.49 per cent jump in its consolidated net profit to Rs 141.35 crore for the quarter ended December 31, 2022. The company had clocked a net profit of Rs 72.68 crore during the year-ago quarter, IRB Infrastructure Developers said in a BSE filing. Its total income during October-December 2022 rose to Rs 1,570 crore, from Rs 1,497.78 crore in the year-ago period. The firm's expenses fell to Rs 351.72 crore from Rs 1,280.22 crore. In a statement, the company said GIC Affiliates has committed 49 per cent investment in Ganga Expressway Project, and the first tranche of about Rs 329 crore has been received.
Bakery foods company Britannia Industries expects its cheese products business to grow around five-fold in the next five years to touch around Rs 1,250 crore. The company which earlier this week announced a joint venture with the French cheese maker Bel, currently has around Rs 250 crore turnover from its cheese business, said its Vice-Chairman and Managing Director Varun Berry on Thursday. It is hoping commodity prices will come under control going forward with the softening of palm oil prices while that of sugar are stable although wheat prices are on the rise, he told PTI in an interaction. The company is foreseeing consumption growth in cheese segment coming from the domestic consumer and has plans to invest Rs 160 crore in the next three years, said Britannia Industries Executive Vice-Chairman and Managing Director Varun Berry. "We have already invested Rs 150 crore in plant and machinery. We are looking at investing around Rs 160 crore in the next three years," Berry ...