Scoreboard
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E.I.D. Parry (India) Ltd has announced the closure of its wholly owned subsidiary Parry Sugars Refinery India Pvt Ltd (PSRIPL) operations, citing unsustainable losses and structural challenges. The company will infuse equity and loans to settle liabilities, with Rs. 7.40 billion of borrowings requiring support.
Aditya Birla Lifestyle Brands Ltd has received an order seeking 3.10 billion rupees, including tax, interest, and penalty. The development highlights regulatory scrutiny in the retail and lifestyle sector, with potential implications for the company’s financials and compliance framework as it navigates this challenge.
Apollo Pipes Ltd has announced that commercial production at its upcoming Mirzapur facility will now begin towards the end of April 2026. The company had earlier planned an earlier commencement, but the revised timeline reflects operational adjustments while reinforcing its long-term expansion strategy in India’s piping solutions market.
India’s average monthly mobile data usage crossed 31 GB per user in 2025, growing at an impressive 18 percent CAGR. This surge reflects rising demand for video streaming, digital payments, and online education, positioning India as one of the world’s fastest-growing digital economies.
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