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Sensex Today | Stock Market LIVE Updates: GIFT Nifty trades flat; Tata Motors PV in focus
Sensex Today | Stock Market LIVE Updates: Reclaiming that 23,800 level will be the first target of the bulls before seeking a move back to the 24,000 mark. After ending at the day's low, the Nifty Bank is back at the lower end of the 57,000 - 58,000 range, one that the bulls would want to defend before the truncated week ends.
Stocks in news: Vedanta, Honasa Consumer, IRCTC, Bajaj Auto, Tata Motors
Indian markets experienced profit booking, falling over a percent amidst a weak global trend. Key stocks like Vedanta, Honasa Consumer, IRCTC, Bajaj Auto, and Infosys are in focus due to significant developments. Vedanta saw a major promoter stake sale, while Honasa Consumer plans an acquisition. Bajaj Auto reported a ransomware attack, and IRCTC's CMD resigned.
Tata Power's Mundra thermal plant to continue operations till Sept 30 under Centre's directions
Tata Power's Mundra thermal plant will continue supplying electricity for three more months until September 30, following an extension of special operating directives from the Centre. This move aims to prevent power shortages during the summer's peak demand. The plant, which had previously suspended operations due to losses, resumed full capacity in April and is crucial for supplying power to several northern and western states.
Tata Motors to invest up to Rs 40,000 crore by FY31
Tata Motors is set to invest up to Rs 40,000 crore over five years, aiming to nearly double its passenger vehicle capacity and introduce new models. The company targets a 20% domestic market share by FY31, with electric and CNG vehicles driving significant growth. This ambitious plan includes expanding its EV lineup and enhancing battery technology to address adoption barriers, positioning Tata Motors for a multi-powertrain future.
Tata Power's Mundra plant mandated to run at full capacity till September
The power ministry has directed Tata Power's 4,150 MW Mundra plant to operate at full capacity until September 30, 2026. This extension aims to prevent electricity shortages during the anticipated peak summer demand of 270 GW. The plant, which resumed operations in April after a nine-month hiatus, supplies power to Gujarat, Maharashtra, Punjab, Haryana, and Rajasthan.
Trent chair Noel Tata set to retire, leaving behind retail powerhouse
Tata has been associated with Trent since 1998. He took over as managing director in 1999 and led the company for over 11 years, helping expand Westside from a single store into a national retail chain built around private labels and an own-brand retail model.
Tata Motors targets bigger slice of PV and CV markets
With the passenger vehicle business aims for a 20% share by FY31, the commercial vehicle unit is targeting 40% by FY28.
Nifty June futures trade at discount
HDFC Bank (India) Infosys and Tata Consultancy Services were the top traded contract.
Tata Electronics hit by cyberattack: Apple investigates alleged leak of sensitive files linked to iPhone maker, Tesla
Tata Electronics reported a cybersecurity incident after a ransomware group leaked data online, including documents linked to Apple and Tesla. Here's what we know so far.
Tata Motors PV sees revenue doubling by FY29; EV, CNG to drive India business growth
Tata Motors PV is looking at volume growth of 15% on compound annual growth rate (CAGR) basis till FY31, with a volumes target of over 12 lakh units.
Tata Motors PV eyes over Rs 6 lakh crore revenue by FY31
Tata Motors Passenger Vehicles is projecting a significant revenue surge, aiming to surpass Rs 6 lakh crore by fiscal year 2031 with a 10% EBIT margin. The company plans to boost annual production capacity to 1.3 million units within the next 2-3 years. This expansion will involve investments in new facilities and optimizing existing ones, alongside scaling up supplier capabilities to meet ambitious volume targets.
Tata Motors CV aims to be fourth largest global player after Iveco deal; Check FY28 targets
By financial year 2028, Tata Motors CV is aiming for free cash flow to be between 7% to 9% of revenue, while its Return on Capital Employed could jump to 30% to 35% after the Iveco deal.