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NMDC Ltd on Tuesday posted around 8 per cent fall year-on-year in consolidated net profit to Rs 1,747.01 crore in the December quarter, impacted by higher expenses. It had reported a net profit of Rs 1,896.66 crore in the October-December period of preceding 2024-25 financial year, the company said in an exchange filing. The company's total income, however, rose to Rs 7,983.38 crore from Rs 6,942.92 crore in the same quarter a year ago, posting a rise of about 15 per cent. NMDC saw expenses rising to Rs 5 608.54 crore from Rs 4 359.07 Q3FY25. The board also approved an interim dividend of Rs 2.50 per equity share of face value of Re 1 each for the financial year 2025-26. NMDC, under the Ministry of Steel, is India's largest iron ore producing entity.
EV major Tesla India on Tuesday said it has launched various initiatives, including an EMI scheme, to lift weak sales in the country. To encourage customers switching from the petrol and diesel cars to electric, Tesla said it is offering Rs 3 lakh exchange incentive. Besides, customers can now purchase the Model Y at a monthly installment starting from Rs 49,000, with a down payment of just Rs 6 lakh significantly lowering the barrier to entry for premium electric vehicles, it added. Tesla India commenced deliveries of Model Y in September last year. As per the EV sales data shared by FADA, Tesla India has managed to sell 225 units last year. Overall electric passenger vehicle retail sales rose to 1,76,817 units last year, up 77 per cent as compared with 99,875 units in 2024 calendar year. By switching to Tesla Model Y the customers can achieve savings of up to Rs 20,000 per month through reduced fuel and maintenance costs, underscoring the long-term cost benefits and lower total
Century Plyboards India Ltd is set to aggressively expand its export footprint in the United States, riding on Indo-US trade developments and a favourable tariff environment, Managing Director Sanjay Agarwal said on Tuesday. The company, which has so far been exporting limited volumes of laminates, cubicles and exterior laminates to the US, has decided to significantly scale up its overseas push after remaining cautious in the past. "We have been exporting laminates, cubicles and exterior laminates to the US, though in limited volumes, and we had been going slow. However, within the last few hours, we have decided to give a huge push to exports to the US as well as related markets in North and South America," Agarwal said. He added that the change in tariff structure has improved viability for Indian exporters. "With this kind of tariff, now it's possible for us to go ahead and do a great job as far as exports to the US is concerned," Agarwal said. Agarwal said the broader business