Market News
Stay updated with the latest market trends, earnings, and economic indicators.
TVS Motor onboards Ravindran Shanmugam as independent director
TVS Motor Company has appointed Ravindran Shanmugam as an independent director. Shanmugam brings extensive experience in technology and consumer-focused businesses. His expertise in digital transformation and AI-led platforms will support TVS Motor's future growth ambitions. The appointment is effective May 13 and requires shareholder approval. Shanmugam's insights will contribute to the company's strategic direction.
India's EV battery demand to grow 10 times to 200 GWh by 2032: IESA
India's electric vehicle battery demand will surge tenfold by 2032. This growth presents significant opportunities in component localization and supply chain development. The market is transforming with advancements in batteries, motors, and manufacturing. Electric two-wheelers lead sales, but passenger cars and light commercial fleets will drive future expansion. New battery chemistries and motor technologies are emerging.
Tata Motors shares decline over 3% after Q4 results. What are Motilal Oswal and Nuvama saying?
Tata Motors (Commercial Vehicles) reported strong quarterly earnings with a sharp rise in net profit and revenue, but its stock fell by over 3% amid cautious sentiment on the commercial vehicle sector outlook. Brokerages remain split, with neutral to bullish views on future growth driven by exports and industry recovery.
Maruti Suzuki selects 6 start-ups to co-create new-age tech-based biz solutions
Maruti Suzuki India has chosen six startups for its accelerator program. These companies will develop new technology solutions. The focus is on improving plant safety and efficiency. Product development time will be reduced. Material traceability will be strengthened. Customer engagement will also be enhanced. This collaboration aims to modernize operations and prepare for the future.
Magnus Steel and Infra listed among approved suppliers for Tata Motors projects
Magnus Steel and Infra has secured a significant role as an approved steel supplier for Tata Motors' upcoming manufacturing facilities in Gujarat and Maharashtra. The company has already begun supplying materials through RIECO Industries Ltd. Future orders are anticipated, with an estimated engagement size of Rs 32.50 crore.
Hyundai shares jump 5% despite 22% YoY fall in Q4 net profit to Rs 1,256 crore
Hyundai Motor India shares surged nearly 5% despite a 22% drop in Q4 FY26 net profit, as brokerages maintained 'Buy' ratings. The automaker's revenue grew over 5% in the quarter, and its board recommended a Rs 21 per share dividend. Analysts remain optimistic about future growth driven by new model launches and strong exports.
Why India’s EV logistics push has a missing link, and what can fix it
India's logistics sector is rapidly adopting electric vehicles to cut costs and emissions, driven by government support and environmental concerns. However, the real challenge now lies in efficient fleet operations, not just vehicle deployment. Companies must master managing uptime, charging, and route planning to succeed in the EV era, as operational discipline will define future winners.
Britannia shares fall 5% despite decent Q4 show. Do Morgan Stanley, Nomura see any upside?
Britannia Industries shares dropped significantly even as the company reported a profit increase. The FMCG major's fourth-quarter earnings missed analyst expectations for revenue and volume growth. Supply disruptions in international business due to the West Asia conflict impacted March sales. Despite this, the company sees traction in e-commerce and premium products. Analysts maintain mixed views on the stock's future performance.
RBI clears Kotak Mahindra Bank to buy up to 9.99% in Federal Bank
The Reserve Bank of India has approved Kotak Mahindra Bank to acquire up to 9.99% of Federal Bank's share capital. This move positions Kotak Mahindra Bank as a potentially significant institutional shareholder in the Kerala-based lender. Investors will now monitor future disclosures to track the progress of this strategic stake acquisition.
Hyundai reiterates commitment to India as it marks 30 years of operations in country
Hyundai Motor India celebrates 30 years, reaffirming its dedication to India's mobility future. The company has invested heavily and plans further expansion in manufacturing and electrification. HMIL has achieved significant sales milestones and exports, solidifying India's role in its global strategy. Future plans include introducing new products and enhancing service networks across the nation.
Why Google DeepMind workers in UK are trying to unionise over company's Pentagon AI deals
Google DeepMind employees in the UK have voted to unionise, demanding an end to Google's Pentagon AI deal and military contracts. Here is what the landmark bid means for the future of AI ethics in the workplace.
Hero MotoCorp posts record profit on strong sales and EV growth
Hero MotoCorp reported record Q4 and FY26 profits driven by strong sales, premiumisation and EV growth. Revenue and volumes surged, margins improved, and global expansion strengthened, reinforcing its leadership and positioning for sustained future mobility growth.