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Business Standard
34 minutes ago
- Business Standard
MIPCL- Sumitomo Corporation sign strategic cooperation agreement with Osaka Govt.
To support Japanese businesses expanding into India Mahindra Industrial Park Chennai (MIPCL), the developer and operator of Origins by Mahindra, together with its 40% stakeholder and marketing arm in Japan, Sumitomo Corporation, has signed a strategic cooperation agreement with Osaka Prefecture, and the Osaka Industrial Development Bureau (a public interest incorporated foundation to support Japanese companies based in Osaka in expanding their footprint in India. This milestone partnership reinforces Mahindra's commitment to facilitating high-quality global investment into India's manufacturing sector and positions Tamil Nadu as a preferred destination for Japanese industry. Through this agreement, MIPCL and Sumitomo Corporation will work in close coordination with public institutions to serve as a local facilitator for Osaka-based companies exploring opportunities in India. As part of the collaboration, MIPCL and Sumitomo Corporation will support business visits, provide on-ground consultation, and participate in knowledge-sharing seminars hosted in Osaka. The Osaka authorities, in turn, will identify and recommend companies interested in expanding into India, with necessary permissions, ensuring a streamlined entry process for Japanese manufacturers. India, with its projected GDP growth of 6.3% in FY2025 as forecast by the World Bank, remains a powerful draw for international business. As a rising leader in the Global South, India is increasingly seen as a long-term partner for global supply chains. Chennai, particularly, has become a hub of industrial activity due to its strong port connectivity, ease of access to Southeast Asia, and growing presence of automotive, electronics, and semiconductor companies. Origins by Mahindra, Chennai already is home to six clients from Japan and offers world-class infrastructure, and stable policy environment. The collaboration in Chennai will further strengthen these efforts by enabling tailored support for businesses evaluating the Indian market. MIPCL, backed by Mahindra Lifespaces' deep knowledge of Indian industry, will play a key role in helping Japanese firms navigate regulatory frameworks, secure land and utilities, and scale up operations with confidence.


Business Standard
an hour ago
- Business Standard
Roselabs Finance reports standalone net loss of Rs 0.05 crore in the June 2025 quarter
Reported sales nilNet Loss of Roselabs Finance reported to Rs 0.05 crore in the quarter ended June 2025 as against net loss of Rs 0.04 crore during the previous quarter ended June 2024. There were no Sales reported in the quarter ended June 2025 and during the previous quarter ended June by Capital Market - Live News


Business Standard
2 hours ago
- Business Standard
Jayaswal Neco Industries reports standalone net profit of Rs 93.02 crore in the June 2025 quarter
Sales rise 14.73% to Rs 1649.35 croreNet profit of Jayaswal Neco Industries reported to Rs 93.02 crore in the quarter ended June 2025 as against net loss of Rs 31.68 crore during the previous quarter ended June 2024. Sales rose 14.73% to Rs 1649.35 crore in the quarter ended June 2025 as against Rs 1437.56 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 15 OPM %19.0711.47 -PBDT200.0626.00 669 PBT125.39-40.91 LP NP93.02-31.68 LP Powered by Capital Market - Live News