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News
Rhetan TMT gets BIS nod for premium steel grades, commissions 1 MW captive solar project
11+ hour, 37+ min ago (304+ words) Ahmedabad-based steel bars manufacturer Rhetan TMT Ltd has secured Bureau of Indian Standards (BIS) certification to manufacture premium-grade thermo-mechanically treated (TMT) steel bars, the company said. The company said it has received the BIS licence for manufacturing Fe500D, Fe550 and Fe550D TMT bars,…...
Five-star safety is rapidly becoming the benchmark in India's biggest SUV segment
11+ hour, 18+ min ago (485+ words) Maruti Suzuki India's new Brezza becoming the latest recipient of a five-star Bharat NCAP rating is more than just another crash test result. It underlines a much bigger trend unfolding in the country's largest SUV category -- five-star safety is rapidly…...
Maruti Suzuki says GST rejig had no role in Brezza SUV turbo-petrol engine, 'product cycles are longer"
3+ day, 6+ hour ago (593+ words) Maruti Suzuki India has dismissed suggestions that the new Brezza compact SUV's 1.0-litre Turbo Boosterjet petrol engine was introduced to benefit from the revised Goods and Services Tax (GST) structure, saying the powertrain was under development much before the tax…...
Ather flags 'policy quirk' in Auto PLI, says EV startups miss out on 16% incentive despite driving investments
3+ day, 10+ hour ago (636+ words) Ather Energy Co-founder and CEO Tarun Mehta has urged the government to address what he called a "quirk" in the Automotive Production Linked Incentive (PLI) scheme, arguing that it has inadvertently shut out electric vehicle startups even as they lead…...
Canada's Enervoxa plans India rare earths project, may tie up with Vedanta, NALCO
3+ day, 16+ hour ago (344+ words) Canadian climate technology developer Enervoxa plans talks with India's Vedanta, Hindalco Industries and state-run NALCO as it looks to set up a processing plant in the country to extract rare earths from a waste byproduct of aluminium production. A commercial-scale…...
Volkswagen AG cuts sales outlook as China slump squeezes turnaround
3+ day, 17+ hour ago (321+ words) Volkswagen AG cut its revenue expectations for the year as falling sales in China intensify pressure on Chief Executive Officer Oliver Blume’s push to overhaul Europe’s largest carmaker. The German manufacturer now sees revenue declining as much as 3% this year,…...
TVS Motor Company shares fall 2.14 percent to Rs 3,835.80
3+ day, 17+ hour ago (212+ words) Shares of TVS Motor Company experienced a decline in Friday's session, trading at Rs 3,835.80 at 10:56 am, marking a 2.14 percent fall from its previous close. The stock is a constituent of the NIFTY NEXT 50 index. TVS Motor Company's financial performance on…...
Tesla plunges most in a year on investor angst over AI spending
4+ day, 8+ hour ago (1013+ words) Tesla Inc. shares tumbled the most in over a year after disappointing quarterly results raised questions about Elon Musk’s plan to refocus the electric vehicle maker on artificial intelligence and robots. Profit fell well short of Wall Street’s estimates for…...
Tesla short sellers rake in $4 billion as shares nosedive
4+ day, 3+ hour ago (327+ words) The deep plunge in Tesla Inc.’s stock on Thursday is turning into a major payday for its short sellers. Shares of Elon Musk’s electric-vehicle maker fell 14.5% Thursday, its worst drop in more than a year, after second-quarter profit missed…...
'Leadership must keep evolving': Why Maruti Suzuki reworked the Brezza despite 14 lakh customers
4+ day, 9+ hour ago (331+ words) Maruti Suzuki India believes success alone is not enough to stay ahead in India's fast-growing compact SUV segment. Despite the Brezza finding over 14 lakh customers since its market entry in 2016, the company decided to go back to the drawing board…...