Volkswagen seeks India partner, may give up control
German automaker Volkswagen expects to finalise a local partnership in India this year, with Skoda CEO Klaus Zellmer saying the group is open to ceding operational control to a local partner. The…
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West Asia conflict hits India Inc Q1 earnings, costs rise
The West Asia conflict has driven up costs for Indian companies across FMCG, automotive, steel, and cement sectors in the first quarter, squeezing profit margins. Rediff reports that firms like HUL, Tata…
Adani Enterprises, Axis Bank lead gainers, Infosys falls
Indian equities saw divergent moves on Thursday, with Adani Enterprises, Axis Bank and Mahindra & Mahindra posting strong gains while Infosys, Bharti Airtel and Asian Paints fell sharply, according to NDTV Profit.
Chinese carmaker push opens global doors for Mahindra
Mahindra & Mahindra is set to expand into South Africa, the UK, Australia, New Zealand and Latin America, including Brazil, using new pickup trucks and passenger vehicles. Automotive division CEO Nalinikanth Gollagunta…
GST cuts cushion carmakers against rising commodity costs
India's recent goods and services tax (GST) cuts are providing a crucial buffer for carmakers as they grapple with sharply higher commodity prices. Companies including Mahindra & Mahindra, Tata Motors, and Hyundai…
Vedanta net profit jumps 72% to Rs 5,473 crore in Q1
Mahindra & Mahindra, Hyundai Motor India, Vedanta and Exide Industries reported their June quarter earnings on Thursday. Vedanta led with a 71.8% rise in consolidated net profit to Rs 5,473 crore, driven…
Mahindra eyes 5% heavy truck share with AI, new engines
Mahindra & Mahindra has set a target to capture 5% of the heavy truck market, using onboard AI, fuel-efficiency gains and uptime guarantees, the Economic Times reports. The company, which already holds…
Expert calls on IDFC First Bank, Motilal Oswal, Tata Motors CV
Market experts shared their recommendations for five stocks in the latest Ask Profit segment on NDTV Profit. The stocks covered were IDFC First Bank, Motilal Oswal, Tata Motors CV, HCLTech, and Welspun…
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