Anjali Singh

Ceat Q1 profit plunges 96% on forex losses, higher raw material costs

RPG Group-owned tyre maker reports a sharp fall in Q1 profit due to forex losses and rising input costs, though revenue rose 22.4 per cent on healthy demand across segments

Mahindra's Chakan plant crosses 3 million vehicle production milestone

The BE 6 electric SUV marked the milestone as Mahindra's Chakan plant produced its latest one million vehicles in 27 months, compared with 107 months for the first million

Auto industry posts record Q1 sales; festive demand seen lifting growth

India's automobile industry recorded its strongest-ever first quarter, with record sales across key segments, while SIAM expects festive demand and easier financing to sustain momentum

Cadila Pharma says no curbs on Aciloc products, affirms compliance

Cadila Pharmaceuticals said Aciloc 150+ and Aciloc 300+ remain available without any restrictions on manufacture or sale, while reaffirming compliance with regulatory requirements

Sun Pharma gets South Africa approval for generic semaglutide, launch soon

Sun Pharma has secured South Africa's approval for its generic semaglutide injection and plans to launch the once-weekly diabetes treatment in the coming days

Biocon shares gain 6.5% after Viatris sells its stake in a block deal

Biocon shares climbed 6.5 per cent after reports of Viatris unit Mylan's planned stake sale, with analysts saying the move is a financial decision that removes a long-standing overhang

Auto deal activity falls to 3-year low; capital flows to EV, mobility firms

India's automotive sector recorded $717 million worth of deals in the April-June quarter, with investors favouring fewer but larger transactions in EVs, mobility and automotive technology

PE pivots to MedTech as hospital valuations soar; diagnostics gains

Private equity investors are diversifying into MedTech and diagnostics as rising hospital valuations temper deal appetite, even as India's healthcare sector continues to attract strong capital inflows

FADA says not a single E20-related complaint reported by dealers

FADA says its nationwide dealer network has not reported a single documented E20-related complaint and has launched an awareness drive to address customer concerns

Nissan bets on exports, targets fourfold growth in India sales by FY28

The Japanese automaker aims to sell 100,000 vehicles in India and export another 100,000 annually by FY28, with the new Tekton SUV expected to drive growth

Centre's IVF supply curbs to tighten oversight, formalise fertility sector

Executives say move unlikely to affect prices of IVF procedures

Weak rupee weighs on BMW India margins; further price hikes on the cards

BMW Group India said every Re 1 depreciation in the rupee against the euro trims its profit margin by about 1 per cent, prompting the company to consider further price increases

Tata Motors PV charts 10-fold growth plan by FY31, targets 20% market share

Tata Motors Passenger Vehicles aims to sell more than 1.2 million vehicles annually by FY31, with EVs contributing over 30 per cent of volumes and EBITDA margins in double digits

Mercedes-Benz eyes best-ever India sales in 2026 despite likely price hikes

Mercedes-Benz India expects record sales in 2026, banking on robust demand and a healthy order pipeline despite further price hikes driven by the appreciation of the euro

India's EV penetration tops 12% for first time in June, led by e2Ws

India's EV market crossed 12 per cent of overall vehicle retail sales for the first time in June, driven by record electric two-wheeler sales and broad-based growth across segments

India can emerge as a 'connector economy', says Anand Mahindra

Anand Mahindra says India is well placed to bridge geopolitical blocs, while Group CEO Anish Shah says artificial intelligence will power the conglomerate's next phase of growth

Mumbai hospitals weather heavy rains, but see rise in ambulance delays

Hospitals across Mumbai have maintained routine medical services despite heavy rains, but doctors report rising seasonal illnesses and slower ambulance movement due to waterlogging

Suzuki Motor Corp to double Kharkhoda plant capacity to 1 million units

Suzuki Motor Corporation will expand the capacity of its newly inaugurated Kharkhoda manufacturing facility in phases, reinforcing its long-term commitment to India

TaMo races to expand EV capacity; Sierra launch adds to supply pressure

Harrier EV demand is nearly double current production capacity as Tata Motors targets monthly output of 70,000 vehicles with expanded manufacturing and supplier ramp-up

Tata Motors eyes global top-four CV spot as Iveco acquisition advances

Chairman N Chandrasekaran says the combined Tata Motors-Iveco business could lift annual revenue to $35-40 billion in five years, boosting global scale and technology