ARE&M specializes in energy storage solutions, lithium-ion cell manufacturing, EV chargers, and automotive and industrial lubricants, among other products. Amara Raja Energy & Mobility (ARE&M) reported a 26% rise in consolidated net profit for the June quarter of FY25, reaching INR 249.12 crore. This marks an increase from the INR 198.31 crore net profit posted… Continue reading Amara Raja Energy profit rises 26% Y-o-Y to INR 249 cr in Q1 FY25
Author: Economic Times of India Online News
Auto retail sector grows 13.84% Y-o-Y to 20.34 lakh units in July 2024
Passenger vehicles saw robust growth, driven by factors like new model launches and attractive pricing strategies. New Delhi: India’s automobile retail sector witnessed a year-on-year growth of 13.84% in July 2024, according to data released by the Federation of Automobile Dealers Associations (FADA). Sales rose to 20,34,116 units, up from 17,86,779 in July 2023, with… Continue reading Auto retail sector grows 13.84% Y-o-Y to 20.34 lakh units in July 2024
Rupee poised for all-time low on risk aversion spurred by US growth worries
“The soft-landing narrative (is now) in question … (and) the data raises the question of whether the Federal Reserve is behind the curve in cutting rates.” The Indian rupee is expected to decline to a lifetime low at the open on Monday, weighed by the rout in U.S. and Asian equities on concerns that the… Continue reading Rupee poised for all-time low on risk aversion spurred by US growth worries
Basement EV charging sparks safety concerns in Gujarat
Despite these incidents, the state govt has approved the establishment of EV charging stations in parking areas under the EV policy. The state’s green push via the Gujarat State Electric Vehicle Policy 2021 has thrown up a new challenge for municipal corporations — the safety of basement parking areas. While the policy allows for charging… Continue reading Basement EV charging sparks safety concerns in Gujarat
Government may free up non-solar hour grid connectivity
Under the general network access norms, connectivity to solar generators is allocated for the entire day. New Delhi: The government is considering a proposal that suggests that in the non-solar hours, electrical grid capacity assigned to solar power producers without storage system should be freed up for power input mainly through storage by existing or… Continue reading Government may free up non-solar hour grid connectivity
Hindustan Zinc’s Q1 net rises 19% to a five-quarter high
The country’s largest producer of zinc and silver produced 1.08 million tonnes of mined metal in 2023-24, its best ever, and has guided for production of 1.10-1.12 million tonnes in the current fiscal. Hindustan Zinc expects incremental cash flows of at least USD 15 million (about INR 125 crore) in 2025-26, as it increases its… Continue reading Hindustan Zinc’s Q1 net rises 19% to a five-quarter high
From crossroads to carbon neutrality: ESG is the new engine of growth for the automotive industry
Establishing transparent, ethical, and eco-friendly supply chains necessitates extensive collaboration and monitoring, which can be resource intensive. In this era of heightened environmental consciousness, the automotive industry stands at a pivotal juncture. Beyond regulatory compliance, environmental stewardship, social responsibility and ethical governance drive competitive advantage and holistic long-term progress. And the question has evolved from… Continue reading From crossroads to carbon neutrality: ESG is the new engine of growth for the automotive industry
Metadome.ai co-founder and CRO Prashant Sinha quits to float new venture
Prashant Sinha Prashant Sinha, co-founder and Chief Revenue Officer of Metadome.ai, has announced his departure from the company. After investing 5.7 years for the growth of Metadome.ai, formerly known as Adloid Technologies, Prashant is now moving on amicably to launch a new venture aimed at addressing significant global challenges in the technology sector. During his… Continue reading Metadome.ai co-founder and CRO Prashant Sinha quits to float new venture
Rupee to hover near record low, cenbank counted on to support
Asian currencies were mixed on Friday, with the Korean won down nearly 0.5%, while the offshore Chinese yuan and the Thai baht gained slightly. The Indian rupee is likely to hover near its all-time low at open on Friday, unable to benefit from a drop in U.S. bond yields, with traders expecting intervention from the… Continue reading Rupee to hover near record low, cenbank counted on to support
Tata Motors’ board approves company’s demerger plan
Pursuant to the scheme, shareholders of TML will receive one share of TMLCV of face value INR 2/- fully paid up for every 1 fully paid-up share of INR 2/- held in TML of the same class. The Board of Directors of Tata Motors Ltd (TML) has approved a composite scheme of arrangement amongst TML,… Continue reading Tata Motors’ board approves company’s demerger plan