Page 5 - Shine Jacob

Ashok Leyland Q1 net profit rises 0.8% to ₹616 crore, revenue up 12%

Ashok Leyland posted its highest-ever first-quarter revenue and net profit, driven by record volumes, even as rising material costs weighed on operating margins

35 years of liberalisation: From Detroit of Asia to Chennai for the World

Three decades after liberalisation transformed its auto industry, Chennai has built a deep manufacturing and talent ecosystem and is emerging as a global hub for vehicles, components and EVs

Microplastics warning row intensifies ahead of key Madras HC hearing Friday

Industry players question the evidence of harm from PET packaging, while environmentalists seek wider regulation of microplastic sources ahead of the Madras HC hearing

Tamil Nadu secures ₹67,542 crore investment commitments through 97 MoUs

Tamil Nadu secured fresh investment commitments of ₹67,542 crore through 97 projects, with more than one lakh jobs expected, taking the first 100-day tally above ₹1 trillion

Murugappa's Montra Electric goes global, enters Nepal, Tanzania, W-Africa

The Murugappa Group's green mobility brand has begun exports of its Super Auto to Nepal and Tanzania and secured orders across West Africa as it targets high-growth EV markets.

Global majors bet on Tamil Nadu as Daimler, Saint-Gobain line up projects

Daimler, Saint-Gobain and YKK announced fresh investments in Tamil Nadu, while 25 companies signed deals to establish their first India facilities at the Vetri conclave.

Tamil Nadu Investment Conclave: Space firms line up ₹650 cr investments

Agnikul Cosmos and Skyroot Aerospace will set up integration and testing facilities in Thoothukudi, while semiconductor projects add to Tamil Nadu's investment pipeline

Manappuram ends family-led era, appoints Ashish Singh as new CEO

Manappuram Finance is moving from promoter-led management to a professional leadership model as Bain Capital deepens its stake in the gold loan-focused NBFC

We may apply for universal banking licence within a year: Equitas SFB CEO

Equitas Small Finance Bank aims to nearly triple advances to ₹1.2 trillion in five years, while preparing for a possible universal banking licence application within a year

TVS SCS bets big on India growth, eyes around ₹17K cr revenue by FY30

The company expects India's share of its business to rise from the current 30 per cent to 40 per cent over four years, supporting double-digit revenue growth

FMCG to automobiles: India Inc counting the cost of West Asia conflict

While several firms have responded with calibrated price increases to protect margins, many signalled that further price escalations could follow

Milky Mist Dairy Food raises ₹465 cr from 19 anchor investors ahead of IPO

Anchor book draws Temasek subsidiary Zulia Investments, IFC and domestic mutual funds as the dairy company prepares to tap the public market

GalaxEye acquires Bengaluru-based spacecraft engineering firm StarOps

The acquisition brings StarOps' satellite platforms, indigenous spacecraft technologies and engineering expertise into GalaxEye, strengthening its capabilities across the satellite value chain

Textile exports could take a hit despite gains in UK and European markets

Buying agents said India has already captured 5-10 per cent of UK apparel orders that earlier went to Bangladesh, driven by the recent free trade agreement

Kerala's flood woes continue as frequency rises five-fold over a decade

Kerala's floods are becoming more frequent, with the state suffering nearly ₹20,000 crore in losses since 2021 as climate risks intensify across vulnerable districts

Isro eyes 300 satellites in six years, space station by 2035: Chairman

Isro plans at least 300 satellite launches over the next six years, an Indian space station by 2035 and the first uncrewed Gaganyaan mission by the end of 2026

Montra Electric, TVS VMS deploy 57 e-trucks, target 300-plus in FY27

TVS VMS will deploy the first batch of Rhino electric heavy commercial vehicles on a 190-km freight route in Chhattisgarh, supported by dedicated charging stations

E20 effect: Petrol car market share dips, CNG leads alternative fuel charge

Petrol car penetration fell to a record low of 41.68% in July as E20 concerns pushed buyers towards CNG, hybrids and EVs, according to FADA

TVK's first Budget mixes poll promises with fiscal prudence in Tamil Nadu

The Vijay-led Tamilaga Vettri Kazhagam government unveiled a welfare-focused maiden Budget with allocations for poll promises, an AI city and farm loan waivers, while retaining fiscal discipline.

Sundram Fasteners posts 14% Q1 profit growth; earmarks ₹400 crore capex

Auto components maker reports 20 per cent revenue growth in Q1FY27 and plans fresh investments to expand capacity across automotive, aerospace, wind energy and defence