The profit after tax (PAT) was lower than the Street’s estimates of INR 657 crore. Two-wheeler major TVS Motor Company on Tuesday reported a 4.2% year-on-year (Y-o-Y) growth in its December quarter standalone net profit at INR 618 crore versus INR 593 crore posted in the year-ago period. The profit after tax (PAT) was lower… Continue reading TVS Motor Q3 Results: PAT rises 4% Y-o-Y to INR 618 crore, misses estimates
Author: Economic Times of India Online News
China’s fossil-fuelled power output may fall in 2025 for first time in decade
Power demand will almost certainly continue expanding faster than China’s economy, forecast to grow 4.5% this year. China’s mostly coal-based thermal power generation is set to fall in 2025 for the first time in a decade, some analysts estimate, though they caution that extreme weather or stronger than expected industrial growth could upend that forecast.… Continue reading China’s fossil-fuelled power output may fall in 2025 for first time in decade
After Adani, Jindal enters copper biz
JSW will face competition from Adani Group, which entered the copper business in 2022, along with established players like Aditya Birla Group’s Hindalco Industries and Anil Agarwal’s Vedanta. Billionaire Sajjan Jindal‘s JSW Group is venturing into the non-ferrous metals business, with an investment of INR 2,600 crore, following its entry into the automobile sector last… Continue reading After Adani, Jindal enters copper biz
India’s Mahindra Logistics reports eighth straight quarterly loss, albeit narrower in Q3
The analysts said that while Rivigo would remain loss-making, these would narrow in the coming quarters as volumes pick up. India’s Mahindra Logistics reported a smaller quarterly loss on Monday, helped by steady demand in its third-party logistics business and narrower losses in its express commerce segment. The logistics services provider reported a consolidated net… Continue reading India’s Mahindra Logistics reports eighth straight quarterly loss, albeit narrower in Q3
JSW Group forays into copper mining with two J’khand blocks
Copper has been seeing renewed interest in the last few years, given its criticality in new energy and technology developments. The JSW Group, whose flagship company JSW Steel is India’s largest producer of the primary infrastructure alloy, is foraying into copper mining with an investment of INR 2,600 crore. The group has won two blocks… Continue reading JSW Group forays into copper mining with two J’khand blocks
Rupee to weaken tracking Asian peers as global risk appetite sours
Meanwhile, the Reserve Bank of India announced a host of measures post-market hours on Monday, which analysts and traders reckon could be a precursor to a rate cut next month. The Indian rupee is expected to open lower on Tuesday tracking a decline in most of its regional peers as a selloff in U.S. tech… Continue reading Rupee to weaken tracking Asian peers as global risk appetite sours
Hike allocation for upskilling initiatives in Budget to create future-ready workforce: Tata Tech
India’s focus on sustainability and green mobility can benefit from policies encouraging the adoption and manufacturing of electric vehicles (EVs) and clean energy solutions, he added. Ahead of the Union Budget, Tata Technologies on Monday called for increased allocation toward upskilling initiatives aligned with Industry 4.0 to create a future-ready workforce. In order to achieve… Continue reading Hike allocation for upskilling initiatives in Budget to create future-ready workforce: Tata Tech
Exicom and ChargeZone partner to deploy 500+ high-power EV charging stations
Exicom will develop and supply high-power charging solutions for ChargeZone’s upcoming hubs and public locations. Exicom and ChargeZone are partnering to deploy over 500 advanced EV charging stations across India, integrating renewable energy solutions to support the country’s transition to electric mobility. This collaboration aims to address the growing need for reliable and sustainable charging… Continue reading Exicom and ChargeZone partner to deploy 500+ high-power EV charging stations
Why dealership owners must prioritise DPDPA compliance
Dealerships that act now will not only ensure compliance but also position themselves as industry leaders. The Digital Personal Data Protection Act (DPDPA) introduces strict regulations on personal data collection, processing, and storage. Draft rules are open for consultation until February 2025, with implementation expected within 24 months. This regulation will significantly impact dealerships, leaving… Continue reading Why dealership owners must prioritise DPDPA compliance
India’s finished steel imports from China hit 7-year high in April-Dec
India is conducting a probe to determine the need for imposition of a safeguard duty or a temporary tax to curtail unbridled steel imports. India’s finished steel imports from China touched their highest levels in at least seven years during the first nine months of the financial year that began in April, according to provisional… Continue reading India’s finished steel imports from China hit 7-year high in April-Dec