Tata Trusts approved another five-year extension for N Chandrasekaran as chairman of Tata Sons in a unanimous decision, reinforcing leadership continuity at the group. The resolution, passed by all trustees of the key holding entities – Sir Ratan Tata Trust and Sir Dorabji Tata Trust – comes amid strategic deliberations to retain Tata Sons’ status… Continue reading Tata Trusts put faith in Chandra for another term to sustain growth
Author: Economic Times of India Online News
MoRTH proposes franchise-based model for wayside amenities on private land
The ministry has invited stakeholder comments before finalising the proposal. The Ministry of Road Transport and Highways has proposed a policy shift to allow the development of wayside amenities (WSAs) on private land along national highways and expressways through the franchise model of the National Highways Logistics Management Ltd (NHLML), citing the need to scale… Continue reading MoRTH proposes franchise-based model for wayside amenities on private land
Tata Steel to continue cost reduction drive amid transition in Europe: CFO Koushik Chatterjee
“The strong improvement in our Q1 performance on QoQ as well as YoY basis was driven by an increase in our net steel realisations and the planned cost takeouts,” said CEO and Managing Director T V Narendran. Tata Steel will continue its cost takeout programme through the remainder of the ongoing financial year to support… Continue reading Tata Steel to continue cost reduction drive amid transition in Europe: CFO Koushik Chatterjee
Eicher Motors net profit rises 9.4% to ₹1,205 crore in Q1
B Govindarajan, Managing Director, Eicher Motors, and Chief Executive Officer, Royal Enfield . Eicher Motors Limited (EML) on Monday announced that it has clocked a 9.4 per cent year-on-year (YoY) growth in its profit after tax for the April-June (Q1) period of the current financial year (FY26). The company’s net profit stood at ₹1,205 crore… Continue reading Eicher Motors net profit rises 9.4% to ₹1,205 crore in Q1
ArcelorMittal posts $1.86 billion quarterly earnings, trims steel demand outlook
The company noted that European steel demand was holding up more steadily, supported in part by lower interest rates. ArcelorMittal, the world’s second largest steelmaker, reported quarterly earnings that narrowly exceeded market expectations but revised down its forecast for global steel demand, citing weaker US consumption and ongoing trade disruptions. As per Reuters, the company… Continue reading ArcelorMittal posts $1.86 billion quarterly earnings, trims steel demand outlook
Chandigarh administration plans to power EV charging stations with solar energy
The meeting, to be chaired by the UT chief secretary, will review the category-wise uptake of EV incentives and explore reallocation or enhancement of support where demand is higher. The UT administration is planning to charge electric vehicle (EV) charging stations with power generated from solar power plants. In a pilot project, four public EV… Continue reading Chandigarh administration plans to power EV charging stations with solar energy
TVS Motor Q1 net profit jumps 35% to ₹779 crore
Total two-wheeler and three-wheeler sales stood at 12.77 lakh units in the April–June 2025 quarter, registering a 17 per cent YoY increase from 10.87 lakh units in Q1 FY25. TVS Motor Company posted its highest-ever quarterly sales and revenue performance in the first quarter of FY26, driven by robust demand across its motorcycle, scooter and… Continue reading TVS Motor Q1 net profit jumps 35% to ₹779 crore
Greaves Cotton Q1 revenue rises 22% to ₹541 cr; engineering arm, EV division fuel momentum
The engineering business saw a 30 per cent YoY growth, with automotive engines rising 46 per cent and genset sales climbing 30 per cent. Greaves Cotton Limited (GCL) has reported a 22 per cent year-on-year (YoY) jump in standalone revenue at ₹541 crore for the quarter ended June 30, 2025, on the back of strong… Continue reading Greaves Cotton Q1 revenue rises 22% to ₹541 cr; engineering arm, EV division fuel momentum
Tata Steel Q1 net profit more than doubles to ₹2,007 crore
Revenues from Tata Steel’s UK operations declined to ₹6,096 crore from ₹6,810 crore in the same quarter last year. Tata Steel reported a consolidated net profit of ₹2,007.3 crore for the quarter ended June 2025, more than double the ₹1,014.6 crore reported in the same period last year. The increase was driven by reduced losses… Continue reading Tata Steel Q1 net profit more than doubles to ₹2,007 crore
Steel price surge could strain costs, warns Mahindra
Rajesh Jejurikar, Executive Director & CEO- Auto and Farm Sector, Mahindra & Mahindra New Delhi: Mahindra & Mahindra (M&M) has flagged rising commodity costs, particularly steel, which it says has seen a 6 per cent price increase over the last quarter. “We are concerned about steel going up,” said Rajesh Jejurikar, Executive Director & CEO-… Continue reading Steel price surge could strain costs, warns Mahindra