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
Author: Economic Times of India Online News
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
Sebi confirms ban on Gensol, Jaggi brothers in fund diversion case
The brothers have been accused by Sebi of siphoning off loan funds from Gensol for personal use, raising concerns over corporate governance and financial misconduct. Markets regulator Sebi on Wednesday upheld its interim order restraining Gensol Engineering and its former top executives Anmol Singh Jaggi and Puneet Singh Jaggi from the securities markets on concerns… Continue reading Sebi confirms ban on Gensol, Jaggi brothers in fund diversion case
With Tamil Nadu’s EV plant, VinFast dreams far and wide
After transforming a swamp in Haiphong into a factory, VinFast is now building its second major plant in southern India. VinFast, the Vietnamese EV maker, has done it again. First it was in the port city of Haiphong, turning a swamp into a state-of-the-art factory. Now, the company is attempting a similar feat in southern… Continue reading With Tamil Nadu’s EV plant, VinFast dreams far and wide
4,557 EV public charging stations installed on highways and expressways: Nitin Gadkari
The minister further stated that there is no scheme for providing incentives to the Charging Point Operators (CPOs). A total of 4,557 electric vehicle (EV) public charging stations (PCSs) have been installed across a length of 146,342 km on the state, National Highways, and Expressways in the country, the Parliament was informed on Wednesday. Uttar… Continue reading 4,557 EV public charging stations installed on highways and expressways: Nitin Gadkari
Thailand adjusts EV policy to ease production requirements, target exports
Thailand tweaks EV policy to aid carmakers with flexible production targets and boost exports amid weak demand and rising Chinese competition. Thailand adjusted an electric vehicle incentive policy on Wednesday to give carmakers more flexibility to meet production requirements and boost exports, amid tepid domestic demand and intense competition as Chinese brands flood the local… Continue reading Thailand adjusts EV policy to ease production requirements, target exports