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Lucid layoffs: 1,500 jobs cut, COO Marc Winterhoff out — EV maker has now shed nearly 30% of its workforce in 4 months
Lucid Group is cutting roughly 1,500 jobs — its second major round of layoffs in four months — as COO Marc Winterhoff exits and the US EV market continues to cool. Here is what it means for the company's future
Can hydrogen power mining? Hindustan Zinc begins feasibility studies
The company said that the the collaboration aims to evaluate innovative technologies that can support the transition towards low-carbon and future-ready mining.
Paras Defence shares fall over 2% after 30% rally in 3 sessions. What are charts suggesting?
Paras Defence shares saw a dip after a significant rally, yet technicals suggest a bullish trend supported by strong momentum. Foreign investors are increasing their stake, reflecting optimism in India's booming defence manufacturing sector. Indigenous production has surged, driven by the 'Aatmanirbhar Bharat' initiative, with private players contributing substantially. Experts foresee a promising future for the Indian defence industry, bolstered by global geopolitical shifts and increased domestic spending.
SBI's improving performance warrants better valuation, chairman Setty says: Report
State Bank of India's chairman believes the bank is undervalued, citing improvements in financial strength, customer base, and earnings. He highlighted the success of the Yono digital platform, strengthened capital position, and the significant growth in value from its subsidiaries. SBI is also focusing on technology adoption, including AI, and sees opportunities in power, MSME, and retail lending, positioning itself for future growth despite evolving funding landscapes.
BHAVINI hosts industry partnership conclave to drive country's fast breeder reactor expansion
BHAVINI, a Department of Atomic Energy firm, hosted a crucial partnership conclave for fast breeder reactor expansion. Senior industry leaders, technology partners, and engineering organizations convened to chart a collaborative roadmap for India's nuclear energy future. This initiative underscores a commitment to clean, sustainable nuclear power, aligning with national climate goals and the objective of achieving net-zero emissions by 2070.
Reliance to turn crude into carbon fibre, green chemicals, other materials in major O2C overhaul
Reliance Industries is set to reinvent its oil-to-chemicals business. The company will convert crude oil into advanced materials and green chemicals. This strategy aims to create new revenue streams and reduce exposure to global energy market volatility. Reliance is committed to ensuring India's energy security by future-proofing its legacy business and building new growth engines.
Reliance AGM: Reliance Retail bets on AI and consumer intelligence to power next phase of growth
Reliance Retail reported strong growth in FY26, driven by quick commerce, grocery network expansion, and rising consumer demand in fashion and electronics. The company plans to leverage AI and consumer insights for future growth, aiming for ₹1 lakh crore revenue by FY30.
Sports remains biggest audience aggregator in an era of infinite content: JioStar's Ishan Chatterjee
Live sports remains a powerful audience magnet, reaching over a billion viewers during the IPL. JioStar is using this scale to expand across sports, commerce, and AI-driven fan experiences. The company sees significant growth in regional languages and non-cricket sports like Kabaddi. Future plans include AI-powered, voice-led fan interactions.
Natural gas prices rebound as inventories tighten, LNG exports rise: Motilal Oswal
Natural gas prices are climbing back up. This recovery is driven by lower stored gas, increased power sector use, and more US liquefied natural gas exports. Future growth is expected as new export facilities come online. Data centers are also becoming a new source of demand. The market is seeing a significant shift.
Tata Motors PV shares plunge 10% after weaker than expected JLR FY27 guidance
Tata Motors Passenger Vehicles shares dropped significantly. This followed Jaguar Land Rover's investor day where its financial outlook for fiscal year 2027 was revealed. Profitability guidance fell short of analyst expectations. JLR projects revenue growth and improved EBIT margins. North America remains a key focus for future growth. The company plans to invest in new segments and high-potential markets.
Explained - Why Tata Motors PV shares fell 9% on Wednesday
JLR's aspiration is to grow the US business to the size of the entire JLR business today, as highlighted by its management during the investor day, where it also said that it will continue to invest and grow in future high potential markets including India and West Asia.
Madhya Pradesh set to emerge as a major nuclear power hub in country: Official
Madhya Pradesh is becoming a significant nuclear power center. Projects totaling 7,000 MW are underway, with more private sector proposals being considered. This development aligns with national goals for clean energy. The state's proactive approach is attracting new nuclear power projects, positioning it as a key hub for future energy generation in India.