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United News of India
01-07-2025
- Business
- United News of India
Shell acquires 100 percent equity interest in Raj Petro Specialities from Brenntag Group
Hyderabad, July 1 (UNI) Shell Lubricants today announced it has successfully completed the acquisition of a 100 percent equity interest in Raj Petro Specialities Pvt Ltd from the Brenntag Group. The acquisition of Raj Petro Specialities supports Shell Lubricants as it strives to grow its portfolio and customer base in India, which is one of its key growth markets, the company said in a release. The transaction strengthens Shell Lubricants' presence in the market by supplying customers in the power transmission, personal care and pharmaceutical sectors, as well as helping to realise new synergies and economies of scale across the lubricants value chain. 'The addition of Raj Petro Specialities will help maximise value for Shell through a complementary product portfolio and increased scale of business, positioning Shell Lubricants for further growth in line with our unwavering focus on performance, discipline, and simplification,' said Jason Wong, Shell's Executive Vice President for Global Lubricants. UNI KNR SS 01 Jul 2025 | 8:32 PM Mumbai, July 1 (UNI) Tata Motors has reported domestic passenger vehicle (PV) sales of 37,083 units in June 2025, which is a 14.8 per cent decline over June 2024, when the company had sold 43,524 passenger vehicles. see more.. Bank of Baroda adds a new feather in its cap winning National MSME Impact Awards 2025 01 Jul 2025 | 5:30 PM Kolkata, July 1 (UNI) Bank of Baroda has bagged the Gold Award under Public Sector Banks category at the 'National MSME Impact Awards 2025' organised by the India SME Forum, which is India's largest not-for-profit organisation for Micro, Small and Medium Enterprises (MSMEs), representing over 98,200 members (including 9,400+women entrepreneurs) . see more.. Visakhapatnam: Adani Gangavaram Port sets a new record in handling of coastal cargo 01 Jul 2025 | 5:20 PM Visakhapatnam (Andhra Pradesh), July 1 (UNI) Adani Gangavaram Port on Tuesday said it has set a new record in handling of coastal cargo by loading 61,317 MTs within 24 hours in MV Star Nasia for TANGEDCO. see more.. Kottayam-Kochi Rubber Market Rates 01 Jul 2025 | 4:19 PM Kottayam, July 1 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal KOTTAYAM RSS FOUR: 20100 RSS FIVE : 19800 ISNR TWENTY: 18000 SIXTY PERCENT LATEX: 14265 KOCHI RSS FOUR : 20100 RSS FIVE : 19800 INTERNATIONAL RATES (BANGKOK) RSS One : 19788 RSS Two : 19631 RSS Three: 19486 RSS Four : 19407 RSS Five : 19289 KUALALUMPUR SMR TWENTY : 14598 ($170.65) SIXTY PERCENT LATEX : 12096($141.40) UNI PA BM. see more.. Rs 580 cr tax evasion detected in Kerala in year 2024-25 01 Jul 2025 | 1:36 PM Thiruvananthapuram, July 1 (UNI) The Thiruvananthapuram GST Zone has achieved significant milestones in revenue growth and detection in tax evasion. The enforcement and audit wings detected tax evasion worth Rs 580 crore in 2024-25, showcasing the zone's efforts in ensuring compliance. see more..
Time of India
01-07-2025
- Business
- Time of India
Shell completes acquisition of Raj Petro Specialities to strengthen its lubricant portfolio
Shell Lubricants completed the acquisition of Raj Petro Specialities , strengthening its lubricants portfolio and customer base, the company said on Tuesday. Without disclosing financial details of the transaction, Shell said it has acquired 100 per cent equity interest in Raj Petro Specialities Pvt Ltd from the Brenntag Group . "The acquisition of Raj Petro Specialities supports Shell Lubricants as it strives to grow its portfolio and customer base in India, which is one of its key growth markets," it said in a statement. Raj Petro, which has manufacturing facilities at Chennai and Silvassa, offers a wide range of products - from transformer oil to petroleum jellies, white oils, waxes and lubricants. The more than 80-year-old Mumbai-headquartered firm was in 2017-18 acquired by Germany's Brenntag. "The transaction strengthens Shell Lubricants' presence in the market by supplying customers in the power transmission, personal care and pharmaceutical sectors, as well as helping to realise new synergies and economies of scale across the lubricants value chain," the statement said. The addition of Raj Petro Specialities will help maximise value for Shell through a complementary product portfolio and increased scale of business, "positioning Shell Lubricants for further growth in line with our unwavering focus on performance, discipline, and simplification," Jason Wong, Shell's Executive Vice President for Global Lubricants, said. Raj Petro Specialities is a multi-faceted petrochemical manufacturing and marketing company with business partners in about 100 countries across the globe. The company offers a complete range of products catering to power and energy, personal care, tyre and rubber, food and pharma, construction and mining, chemicals and petrochemicals, engineering, petroleum and offshore, textiles, steel and metal, transport, including railways, automotive retail, agriculture, metalworking and general engineering industries.
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Business Standard
01-07-2025
- Business
- Business Standard
Shell acquires Raj Petro Specialities to strengthen lubricant portfolio
Shell Lubricants completed the acquisition of Raj Petro Specialities, strengthening its lubricants portfolio and customer base, the company said on Tuesday. Without disclosing financial details of the transaction, Shell said it has acquired 100 per cent equity interest in Raj Petro Specialities Pvt Ltd from the Brenntag Group. "The acquisition of Raj Petro Specialities supports Shell Lubricants as it strives to grow its portfolio and customer base in India, which is one of its key growth markets," it said in a statement. Raj Petro, which has manufacturing facilities at Chennai and Silvassa, offers a wide range of products ranging from transformer oil to petroleum jellies, white oils, waxes and lubricants. The more than 80-year-old Mumbai-headquartered firm was in 2017-18 acquired by Germany's Brenntag. "The transaction strengthens Shell Lubricants' presence in the market by supplying customers in the power transmission, personal care and pharmaceutical sectors, as well as helping to realise new synergies and economies of scale across the lubricants value chain," the statement said. The addition of Raj Petro Specialities will help maximise value for Shell through a complementary product portfolio and increased scale of business, "positioning Shell Lubricants for further growth in line with our unwavering focus on performance, discipline, and simplification," Jason Wong, Shell's Executive Vice President for Global Lubricants, said. Raj Petro Specialities is a multi-faceted petrochemical manufacturing and marketing company with business partners in about 100 countries across the globe. The company offers a complete range of products catering to power and energy, personal care, tyre and rubber, food and pharma, construction and mining, chemicals and petrochemicals, engineering, petroleum and offshore, textiles, steel and metal, transport, including railways, automotive retail, agriculture, metalworking and general engineering industries. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
01-07-2025
- Business
- Time of India
Shell completes acquisition of Raj Petro Specialities to strengthen its lubricant portfolio
Shell Lubricants completed the acquisition of Raj Petro Specialities , strengthening its lubricants portfolio and customer base, the company said on Tuesday. Without disclosing financial details of the transaction, Shell said it has acquired 100 per cent equity interest in Raj Petro Specialities Pvt Ltd from the Brenntag Group . "The acquisition of Raj Petro Specialities supports Shell Lubricants as it strives to grow its portfolio and customer base in India, which is one of its key growth markets," it said in a statement. Raj Petro, which has manufacturing facilities at Chennai and Silvassa, offers a wide range of products - from transformer oil to petroleum jellies, white oils, waxes and lubricants. The more than 80-year-old Mumbai-headquartered firm was in 2017-18 acquired by Germany's Brenntag. "The transaction strengthens Shell Lubricants' presence in the market by supplying customers in the power transmission, personal care and pharmaceutical sectors, as well as helping to realise new synergies and economies of scale across the lubricants value chain," the statement said. The addition of Raj Petro Specialities will help maximise value for Shell through a complementary product portfolio and increased scale of business, "positioning Shell Lubricants for further growth in line with our unwavering focus on performance, discipline, and simplification," Jason Wong, Shell's Executive Vice President for Global Lubricants, said. Raj Petro Specialities is a multi-faceted petrochemical manufacturing and marketing company with business partners in about 100 countries across the globe. The company offers a complete range of products catering to power and energy, personal care, tyre and rubber, food and pharma, construction and mining, chemicals and petrochemicals, engineering, petroleum and offshore, textiles, steel and metal, transport, including railways, automotive retail, agriculture, metalworking and general engineering industries.
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Business Standard
24-06-2025
- Business
- Business Standard
Big bets: OpenAI nabbing Microsoft customers, fuelling partners' rivalry
Last spring, drugmaker Amgen Inc. announced plans to buy Microsoft Corp's Copilot AI assistant for 20,000 employees. It was a timely endorsement of the software company's multibillion-dollar bet on generative artificial intelligence, and Microsoft touted its new Copilot customer in three separate case studies. Thirteen months later, Amgen employees are using a rival product: OpenAI's ChatGPT. Amgen expanded its use of ChatGPT earlier this year after seeing the technology improve and hearing from employees that it helped with such tasks as research and summarizing scientific documents. 'OpenAI has done a tremendous job making their product fun to use,' said Senior Vice President Sean Bruich. Copilot is still a 'pretty important tool,' he added, but more so for use with Microsoft products such as Outlook or Teams. OpenAI's nascent strength in the enterprise market is giving its partner and biggest investor indigestion. Microsoft salespeople describe being caught flatfooted at a time when they're under pressure to get Copilot into as many customers' hands as possible. The behind-the-scenes dogfight is complicating an already fraught relationship between Microsoft and OpenAI. Since investing almost $14 billion in OpenAI, Microsoft has backed rival AI startups, started building its own AI models and is balking at signing off on its partner's restructuring plan. OpenAI has inked deals with rival cloud computing partners and spent much of the past two years building out a suite of paid subscription products for businesses, schools and individuals. The startup recently agreed to acquire AI coding assistant Windsurf, which competes with Microsoft's GitHub Copilot. It's unclear whether OpenAI's momentum with corporations will continue, but the company recently said it has 3 million paying business users, a 50 per cent jump from just a few months earlier. A Microsoft spokesperson said Copilot is used by 70 per cent of the Fortune 500 and paid users have tripled compared with this time last year. Gartner analyst Jason Wong said many companies are still testing Copilot with relatively few employees, leaving room for various software vendors to win customers. But for now, he said, it's 'kind of a showdown' between OpenAI and Microsoft. This story is based on conversations with more than two dozen customers and salespeople, many of them Microsoft employees. Most of these people asked not to be named in order to speak candidly about the competition between Microsoft and OpenAI. Both companies are essentially pitching the same thing: AI assistants that can handle onerous tasks — researching and writing; analysing data — potentially letting office workers focus on thornier challenges. Since both chatbots are largely based on the same OpenAI models, Microsoft's salesforce has struggled to differentiate Copilot from the much better-known ChatGPT, according to people familiar with the situation. Asked about ChatGPT's traction, Microsoft's chief of workplace AI initiatives, Jared Spataro, said 'awareness in the consumer space doesn't necessarily translate into fit for use in the commercial space.' Microsoft's 'sweet spot,' he added, is taking the best technology available and fine-tuning it for business use. An OpenAI spokesperson said his company is benefiting from customers' desire for direct access to the latest expertise and technology. Microsoft's ubiquity should theoretically give it an advantage. The Windows operating system dominates the workplace, and the firm is baking AI into the world's most widely used suite of productivity apps.
