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Sobha shares rocket 10% after Q4 profit soars 124% YoY to Rs 92 crore
Sobha Ltd's shares surged as its Q4 net profit more than doubled to Rs 92 crore, a 124% year-on-year increase. Revenue also climbed 29% to Rs 2,030 crore, driven by strong sales in Bengaluru and NCR. The company highlighted resilient demand for premium housing and a strategic land bank for future growth.
Tata Motors files record 144 patent applications in FY26
Tata Motors achieved a record with 144 patent applications in FY26. These innovations target vehicle safety, reliability, and occupant comfort. The company is also investing in sustainable mobility, including electric and hydrogen-powered vehicles. This strong intellectual property growth underscores Tata Motors' commitment to future-ready solutions for customers and the nation.
Maruti Suzuki shares jump 4% after Q4 results. What Jefferies, Goldman Sachs and HSBC recommend now
Maruti Suzuki shares saw a significant jump. The company reported strong revenue and record sales for the March quarter. Despite a profit dip, analysts are divided on the stock's future. Some see potential upside, while others highlight market share concerns. The company expects healthy volume growth ahead.
Amara Raja, Exide shares gain most in two years on strong volumes as EV push gathers steam
In an interaction with CNBC-TV18, the Federation of Automobiles Dealers Association (FADA) said that dealers and manufacturers are already preparing for a cleaner and greener future.
Amara Raja plans to begin bulk production of EV cells in 2027
India is building a lithium-ion cell manufacturing ecosystem. EV makers should anticipate a price premium on locally produced cells in the near future. Companies like Amara Raja and Tata Group's Agratas are investing heavily. Bulk production is expected to commence around 2027. This development aims to support the growing electric vehicle and energy storage sectors.
HDFC Life Q4 Results: HDFC Bank to increase stake in the company as profit rises 4% YoY
HDFC Life Insurance will issue shares worth one thousand crore rupees to promoter HDFC Bank. This move aims to strengthen the insurer's solvency and support future growth. The company reported a modest profit rise in the March quarter. Net premium income also saw an increase. The board recommended a final dividend for FY26.
Landmark step, but concerns remain: Experts on Kalpakkam nuclear reactor reaching criticality
India's first indigenous prototype fast breeder reactor at Kalpakkam has achieved criticality. This marks a major milestone in the nation's pursuit of nuclear self-reliance. The reactor's success bolsters the three-stage nuclear program. Experts highlight its role in harnessing India's vast thorium reserves for future energy security.
EV retail sales in India up 24.6% at 24.52 lakh units in FY26: FADA
India's leap into the future of transport was evident in FY26, as electric vehicle sales skyrocketed to 24.52 lakh units, a noteworthy increase of 24.6 percent. The two-wheeler segment alone accounted for over 14 lakh units, underscoring consumer enthusiasm. Meanwhile, electric passenger vehicles surged with an impressive growth rate of 83.63 percent.
Tata Motors, Ashok Leyland, Eicher post double-digit CV sales growth in March; Will oil shock decelerate growth outlook?
The auto sector experienced robust growth following GST reductions, with Tata Motors and Ashok Leyland reporting increased sales. However, rising raw material costs and geopolitical tensions may disrupt future supply and financing, according to industry analysts.
India ready to meet 270 GW peak power demand this summer, says Manohar Lal
India is ready for this summer's peak power demand of 270 GW. The nation's power infrastructure is robust. Future demand will rise with AI, data centers, and electric vehicles. Transmission lines are expanding significantly. This ensures reliable power supply for growing needs.
PepsiCo India expands Green Logistics with Kosi-Pataudi EV Corridor
PepsiCo India has launched an EV Green Corridor on the Kosi-Pataudi route. This initiative aims to reduce emissions in its supply chain. The company is also converting distributor vehicles to electric and deploying CNG vehicles in NCR. This move signifies a commitment to cleaner and future-ready logistics operations.
Vinay Rajani of HDFC Sec suggests Hero MotoCorp, Oberoi Realty shares to sell in the near-term
The Nifty 50 and Sensex rose on March 16, recovering from a challenging week. However, high crude oil prices amid geopolitical tensions are causing investor caution. Nifty 50 has seen a significant decline recently, raising concerns about future economic stability and investor confidence.