From its lows in December, the stock of Tata Motors is up about 15 per cent. The gains came on the back of better than expected December volumes in its UK-based subsidiary Jaguar Land Rover (JLR). This coupled with gradual recovery in the global passenger vehicle demand, improving profitability due to product mix and lower commodity costs are expected to be key positives for the company.
Satwik-Chirag suffer shock defeat in opening round of Singapore Open
The badminton player walked for footwear designer Misfit Panda.
Tata Motors surpassed Maruti Suzuki (India) (MSIL) to become the most-valuable automobile company, in terms of market capitalisation (mcap), after a gap of seven years. With this, the company's stock hit a new high on the BSE on Tuesday (January 30). The combined mcap of Tata Motors (Rs 285.51 crore) and Tata Motors DVR (Rs 29,119 crore) stood at Rs 3.146 trillion.
The country saw a massive year-on-year surge in the demand for electric vehicles, with retail sales of electric two-wheelers rising by 58 per cent, passenger vehicles by 130 per cent, three-wheelers by 82 per cent, and commercial vehicles by 171 per cent in March 2023, according to the data shared by the Federation of Automobile Dealers Associations (Fada). According to a report by JMK Research, the EV segment as a whole grew by 157 per cent during FY23, to 1,180,597 units, from 458,746 units a year ago. Overall, EV sales in March 2023 rose by 82 per cent from the March 2022 figure, the JMK report added.
Reliance Industries Ltd on Monday reported a 5 per cent fall in the net profit for the July-September quarter, as weak oil refining and petrochemical business hurt operational performance.
Two-time Olympic medallist PV Sindhu and HS Prannoy have been handed relatively easy groups for the Paris Games, which begin on July 26.
India's Neeraj Chopra explains why he lost to Pakistan's Arshad Nadeem in the Olympics men's Javelin Throw final.
'If I want to achieve something -- and my aim is to achieve the Olympic gold -- then I would do anything for it. It means everything to me.'
Passenger vehicle sales in India kicked off on a flat note in new fiscal 2024-25 with 3.38 lakh units sold in April, impacted by high base effect and muted demand due to the ongoing general elections. Dispatches of passenger vehicles from manufacturers to dealers were at 338,341 units in April 2024 as compared to 332,468 units in the same month last year, a growth of 1.77 per cent with major players Maruti Suzuki India, Hyundai and Tata Motors reporting marginal growth in their domestic wholesales.
Breaking his silence over the matter, Vijayan on Tuesday sounded tough and said a high-level probe by a top-ranking officer would be held into the charges raised by the MLA.
Automobile retail sales increased 9 per cent year-on-year in June quarter FY25 with all segments, barring tractors, reporting growth, dealers' body FADA said on Monday. Overall retail sales rose to 61,91,225 units in the April-June period from 56,59,060 units in the same quarter of FY24. Passenger vehicle retails increased 2.53 per cent to 920,047 units as against 897,361 units a year ago.
Former champion PV Sindhu progressed to the women's singles second round but Lakshya Sen went down fighting to world number one Viktor Axelsen at the Singapore Open Super 750 badminton tournament in Singapore on Wednesday.
PV Sindhu stormed into the pre-quarterfinals of the Olympic Games' women's singles competition
Shares of auto component major, Samvardhana Motherson International, has gained 11.5 per cent on the bourses after the company approved the qualified institutions placement (QIP) issue and announced the calculation methodology for its compulsorily convertible debentures, or CCDs, into equity shares. Analysts cite strong investor response to the issue that has kept the sentiment positive for the stock. Brokerages, however, have a mixed view on the outlook for the auto parts supplier.
Tata Motors on Monday announced the demerger of its commercial and passenger vehicle segments into two separate listed entities to better capitalise on growth opportunities. The commercial vehicles business and its related investments would be housed in one entity while the passenger vehicle business, including electric vehicles, Jaguar Land Rover (JLR) and its related investments, would be part of the second entity, the auto major said in a regulatory filing. Tata Motors chairman N Chandrasekaran said that Tata Motors has scripted a strong turnaround in the last few years.
Wrestler Aman Sehrawat added to India's medal tally at the Olympics, winning the bronze in the men's 57kg Freestyle in Paris on Friday. He defeated Puerto Rico's Darian Cruz 13-5.
A third straight Olympics medal eluded P V Sindhu after a shock exit from the Paris Games following a straight-games defeat to China's world No. 6 He Bingjiao in the women's singles badminton pre-quarter-finals in Paris on Thursday.
The cricket fraternity, including new T20 skipper Suryakumar Yadav and new head coach Gautam Gambhir, also joined in to congratulate the duo.
Double Olympic medallist PV Sindhu fought valiantly but was outperformed by sixth seed Han Yue of China in a gruelling pre-quarterfinal of the Badminton Asia Championships in Ningbo on Thursday.
Passenger Vehicle makers are likely to see their cumulative earnings at an operating level erode by Rs 1,800-2,000 crore in the year ending March 2022 on account of the shortage of semiconductors, rating agency Icra said at a webinar on Wednesday. The industry, it pointed out, is estimated to lose production of 500,000 units at the end of FY22 due to the chronovc shortage the chip, which is critical in safety, entertainment and the various other smart features of a car. "In absence of the chip crisis, the industry volumes are likely to have exceeded the all-time peak annual volumes." Icra has pared its growth estimates for the PV market from the earlier 10-14 per cent to 8-11 per cent now in FY22.
Two-wheeler exports from India have decreased by 20 per cent year-on-year (Y-o-Y) to 1.69 million units in the first half (H1) of 2023-24 (FY24) due to a challenging geopolitical situation and foreign exchange (forex) crises in key markets such as South Asia, industry body Society of Indian Automobile Manufacturers (Siam) said on Monday. On the other hand, passenger vehicle (PV) exports in H1FY24 increased by 5 per cent to 336,754 units because the key markets are much more diversified worldwide, Vinod Aggarwal, president, Siam, told reporters during a press conference. The Russia-Ukraine war, which started in February 2022, has brought significant instability to global fuel prices.
On Friday, Supanida Katethong came out on top against Indian star PV Sindhu in an intense quarter-final battle in which the Thai shuttler emerged 24-26, 21-17, 22-20 winner in one hour and 17 minutes.
'It will take some more time because the affordability of these cars have changed drastically.'
India's PV Sindhu fought her heart out before going down narrowly to Thailand's Supanida Katethong in the women's singles quarterfinals of the Madrid Spain Masters Super 300 badminton tournament in Madrid on Friday.
The petitioner, advocate PV Jeevesh, said that while the Centre gave Hindi and Sanskrit titles to those important legislations, the majority of the legal fraternity in South India is not conversant with the two languages.
Prime Minister Narendra Modi hailed as "historical accomplishment" Indian women shuttlers winning the Badminton Asia Team Championships, and said the way our 'nari shakti' (women power) has been excelling in various sports is phenomenal.
To pursue a job, DPharm candidates must complete two years of coursework, three months of hospital training, and then pass the exit exam. However, BPharm graduates can pursue a job right after completing their four-year course, informs rediffGURU Dr Nagarajan JSK.
The company has the largest car park in EVs in India, estimated to be around 170,000 units. As a pilot, it has already started work with used online car marketplace Spinny.
Automobile retail sales in India rose to a record high in November, aided by the best ever monthly performance across passenger vehicle and two-wheeler segments, dealers' body FADA said on Wednesday. The overall retail sales stood at 28,54,242 units last month, 18 per cent higher over 24,09,535 units in November 2022. Passenger vehicle (PV) retail sales rose to 3,60,431 units as compared to 3,07,550 units in the year-ago period, registering a growth of 17 per cent.
She is just two points behind leader Veronika Major of Hungary, who shot an aggregate of 592 (294 and 298) which helped her equal the Olympic record.
Don't do any strange things in preparation ahead of Olympics, Gopichand's advise to shuttlers
The government is expediting visa-related issues to bring technicians to India from any country, not just China, as and when required, to ensure the smooth implementation of the flagship production-linked incentive (PLI) scheme aimed at boosting domestic manufacturing. "If those under the PLI scheme need to get their equipment installed, we try to expedite the ability to get technicians into India from any country, whichever it may be," Union Commerce and Industry Minister Piyush Goyal told Business Standard in an interview.
Sreejesh and Aneeshya have two children -- son Sreeansh and daughter Anusree.
India needs to recognise and address challenges posed by its dependence on China for critical minerals and examine the implications of phasing down coal on bank balance sheets as it accelerates its green transition, the government's Economic Survey 2023-24 tabled in Parliament on Monday said. As part of its national plan to contribute to meeting the global goal of limiting the average temperature rise to 1.5 degrees Celsius, India has committed to reducing emissions by 45 per cent below 2005 levels by 2030, achieving 50 per cent cumulative electric installed capacity from non-fossil fuel-based energy resources, and creating a carbon sink of 2.5 to 3 gigatons of CO2 equivalent through additional forest and tree cover.
Here's hoping that 2024 is a wonderful year for Sindhu. May she win title after title and may she add to her Olympic medal kitty.
Market leader Maruti Suzuki sold 51,274 units, down 49.61 per cent from the same month last year. Hyundai Motor sold 21,320 units, a decline of 49.25 per cent and Mahindra & Mahindra sold 8,075 units, down 54.54 per cent.
Rio Olympics silver medallist P V Sindhu will look to shrug off the disappointment of last week's second round exit at Denmark Open and eye her maiden Super Series women's singles title when she competes at the French Open this week. The sixth seeded Indian, who had lost to Japan's Sayaka Sato in second round at Odense, will open her campaign against Hong Kong's Yip Pui Yin at Stade Pierre de Coubertin.
Passenger vehicle wholesales crossed the 10-lakh mark for the first time ever in the June quarter riding on the back of robust demand for utility vehicles, industry body SIAM said on Friday. Total dispatches of passenger vehicles in the first quarter stood at 10,26,006 units, up 3 per cent as compared with 996,565 units in April-June FY24. Utility vehicle sales rose 18 per cent to 645,794 units in the first quarter as against 547,194 units in the year-ago period.
