Page 2 - Shine Jacob

Swelect Energy plans ₹4,500 cr investment, eyes ingot-wafer manufacturing

Swelect Energy plans to expand its independent power producer portfolio to 1 GW over two years and enter ingot and wafer manufacturing as part of its renewable energy push

Ultraviolette Automotive bets big on new models to drive global expansion

Ultraviolette Automotive plans to invest Rs 800 crore in a new Hosur facility, launch four products over the next year and expand exports to Europe, North America and Latin America.

EV supply struggles to keep pace with surging demand during festive season

Electric vehicle sales rose 26% during Navratri as higher petrol prices boosted demand, but supply shortages, component constraints and rising bookings left dealers struggling to meet festive demand.

Beyond Diwali sales, Sivakasi eyes global fireworks market with exports

India's fireworks capital is drawing interest from overseas buyers as Tamil Nadu pushes for export-friendly policies, modernisation and improved infrastructure to boost global sales.

Retail auto sales rise on high base this Navratri, but cars see 14% drop

FADA data shows overall vehicle sales rose 2% in the first nine days of Navratri, but passenger vehicle sales fell 14% as last year's GST-led demand surge created a high base

India's auto tech funding at $1.3 bn in 2026, unlikely to match 2025 levels

Auto tech firms raised $1.3 billion across 97 rounds in 2026, with Bengaluru accounting for nearly 70% of funding; Rapido, Simple Energy and Rideriver led the biggest deals

Southern India braces for water stress and droughts amid deficient monsoon

Deficient monsoon rainfall has triggered water shortages and crop losses across southern India, putting pressure on reservoirs, rural livelihoods and inter-state water-sharing arrangements.

Biodiesel enters fuel mix as govt OMCs face growing margin squeeze

With retail diesel prices frozen, state-run oil firms are blending up to 5% biodiesel at select outlets as crude costs rise and marketing margins come under pressure

Indian Bank raises FY27 growth guidance, pegs ECL impact at ₹3,500 crore

The public sector lender expects advances to grow 13-14% and deposits 11-12% in FY27, while setting aside Rs 2,500 crore so far towards the expected credit loss framework.

Climate, floods, war: Why sweets are getting costlier this festival season

The main culprit behind this cost escalation are rising prices of sugar and milk that go into making the sweets that are devoured during Diwali and Durga Puja

Telangana woos Hyundai for car plant, seeks to fast-track ₹8,528 cr R&D

Chief Minister Revanth Reddy pitches Hyderabad as an ideal location for Hyundai's car plant and assures support to expedite its Rs 8,528 crore R&D facility in Zaheerabad

Indian Bank Q2 profit grows 14% to ₹3,540 cr as asset quality improves

Indian Bank's consolidated net profit rose 14% to ₹3,540 crore in Q2FY27, while gross NPAs declined to 1.61% and deposits grew 12.5% year-on-year to ₹8.74 trillion

Tyre makers ready for BS-VII abrasion norms, seek clarity on testing rules

Proposed tyre abrasion norms from April 2031 are expected to drive R&D investments as manufacturers seek clarity on testing protocols while grappling with rising raw material costs

Cracker prices likely to jump 30-50% this Diwali, pinching consumers

Firecracker prices are set to rise 30-50% this Diwali as higher chemical and packaging costs, expensive freight and supply constraints push up production expenses

BS-VII clock starts ticking as Centre sets 2029 target for emission norms

The government has proposed BS-VII emission norms from April 2029, introducing stricter real-world testing and brake and tyre pollution limits, while automakers seek more time to comply

Hyundai Motor group to invest $15.5 billion in India over 7 years

Hyundai Motor Group will invest $15.5 billion in India between 2026 and 2032 to expand manufacturing, R&D, local sourcing and future mobility, and create more jobs

Zoho freezes annual salary hikes as AI costs rise, software market slows

Founder Sridhar Vembu says a fourfold rise in server prices, higher AI expenses and an uncertain software market have forced Zoho to cut marketing spending and freeze annual pay hikes

No economic settlement reached in TVS family: Lakshmi Venu, Mallika

Lakshmi Venu and Mallika Srinivasan say no agreement has been reached on economic ownership within the Venu Srinivasan family, calling for a fair and transparent settlement

CIEL HR eyes ₹2,600 crore revenue this fiscal, says K Pandiarajan

CIEL HR reported 27 per cent revenue growth to Rs 1,178 crore in H1FY27 and aims to consolidate 12 businesses into three clusters ahead of its planned IPO in FY28

Stellantis, Tata Motors PV join hands for vehicle tech, product development

The expanded partnership will combine Tata Motors' vehicle technology with Stellantis' engineering capabilities to develop India-made vehicles for more than 50 global markets