S&P Rating Upgrade Brings Much-Needed Relief to Indian Bonds
The agency said that India's economic growth prospects won't be derailed by President Donald Trump's 50% tariff shock, providing reassurance to investors concerned about the fallout from the punitive levies.
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Since its inception, Alt Mobility has experienced rapid growth, deploying over 13,000 EVs and operating in more than 30 cities. Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. When Dev Arora co-founded Alt Mobility in 2022, he had a clear goal in mind: to make electric mobility more accessible and practical for India's expanding transportation landscape. With his experience in startup innovation and a keen sense for market opportunities, Arora recognised that one of the biggest hurdles to EV adoption wasn't the technology—it was financing. "Traditional lenders weren't built for the EV revolution," Arora, Co-founder and CEO of Alt Mobility, explained. "We needed to develop a new model, one that caters to both businesses and everyday drivers." This new approach led to the creation of Alt Mobility—an EV leasing and asset management platform that goes beyond just providing vehicles. The startup has built a comprehensive ecosystem that includes maintenance, servicing, roadside assistance, and access to an extensive charging and service network. Since its inception, Alt Mobility has experienced rapid growth, deploying over 13,000 EVs and operating in more than 30 cities. With an asset under management (AUM) exceeding INR 250 crore, it now caters to both commercial fleets and individual drivers, offering flexible and cost-effective leasing solutions. "For many people, purchasing an EV feels risky," Arora noted. "We eliminate that uncertainty by providing all-inclusive plans that cover service, warranty, insurance, and even 24/7 support." At the core of Alt's offerings is its proprietary FleetOS platform, which utilises AI, IoT, and telematics to monitor vehicle health, track usage, and ensure proactive maintenance. This not only prolongs the life of the vehicles but also maximises uptime—essential for businesses that depend on having vehicles ready for revenue generation. What sets Alt Mobility apart is its Drive-to-Own model, which enables drivers to gradually shift from leasing to ownership. This approach has been particularly beneficial for individuals who lack access to traditional financing, fostering economic empowerment and long-term asset creation. "Ownership is a powerful thing, especially for those working to build their livelihoods," Arora emphasised. "We aimed to create a pathway that makes that possible." Scaling the business definitely came with its challenges. Getting customers on board with a new approach to owning and managing vehicles meant we had to focus on education and building trust. "Alt tackled this by blending innovation with robust support systems and forming partnerships throughout the EV value chain—from manufacturers to charging networks," he explained. Looking to the future, Dev sees opportunities to branch out into four-wheeled cargo vehicles and electric buses, strengthening their foothold in key markets across India and playing a crucial role in the nation's shift towards clean mobility. "The future of transportation in India is electric. We're committed to fostering a cleaner, smarter, and more sustainable future for India's mobility landscape," he added. Facts:
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U.S. President Donald Trump said on Friday he did not immediately need to consider retaliatory tariffs on countries such as China for buying Russian oil but might have to "in two or three weeks." Trump has threatened sanctions on Moscow and secondary sanctions on countries that buy its oil if no moves are made to end the war in Ukraine. China and India are the top two buyers of Russian oil. The president last week imposed an additional 25% tariff on Indian goods, citing its continued imports of Russian oil. However, Trump has not taken similar action against China. He was asked by Fox News' Sean Hannity if he was now considering such action against Beijing after he and Russian President Vladimir Putin failed to produce an agreement to resolve or pause Moscow's war in Ukraine. "Well, because of what happened today, I think I don't have to think about that," Trump said after his summit with Putin in Alaska. "Now, I may have to think about it in two weeks or three weeks or something, but we don't have to think about that right now. I think, you know, the meeting went very well." Chinese President Xi Jinping's slowing economy will suffer if Trump follows through on a promise to ramp up Russia-related sanctions and tariffs. Xi and Trump are working on a trade deal that could lower tensions - and import taxes - between the world's two biggest economies. But China could be the biggest remaining target, outside of Russia, if Trump ramps up punitive measures.
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Why Coherent Stock Tanked by Nearly 20% on Thursday
Key Points The company's top- and bottom-line growth was robust in its fiscal fourth quarter of 2025. The two metrics also topped the consensus analyst estimate; however, investors found certain developments worrying. 10 stocks we like better than Coherent › Photonics company Coherent (NYSE: COHR) wasn't a bright light on the stock exchange Thursday. Despite delivering a second quarter that (slightly) beat analyst estimates, factors such as growth deceleration in a key business segment raised some concern. With that, more than a few market players assertively sold out of the stock to leave it with a loss of almost 20% on the day. That compared quite unfavorably to the more or less flat trajectory of the S&P 500 index. A double beat wasn't good enough For its fiscal Q4 of 2025, Coherent's revenue was $1.53 billion, notching a new record for the company. That figure was also 16% higher year over year. The company's non-GAAP (adjusted) net income grew more modestly, advancing by nearly 9% to $192 million or an even $1.00 per share. Both headline figures came in slightly higher than the consensus analyst estimates of $1.51 billion for revenue and $0.92 for adjusted earnings per share (EPS). Coherent attributed the improvements to the liveliness of certain revenue drivers, such as artificial intelligence (AI) data centers. However, in a new research note on the company, analyst Vivek Arya from Bank of America Securities pointed out that the company's revenue growth in the data center space was slowing. According to reports he wrote, this was 24% in Q4, but 39%, 46%, and 58% in the three preceding frames. This was one of the factors that inspired Arya to downgrade his recommendation on the stock to neutral from his previous buy. Modeling a better first quarter Coherent management proffered guidance for its current (first) quarter. It believes revenue will fall between $1.46 billion and $1.6 billion, and adjusted EPS will come in at $0.93 to $1.13. Both ranges start well above Q4 of fiscal 2024's $1.31 billion on the top line and adjusted EPS of $0.61. The average analyst estimates of, respectively, $1.55 billion and $1.03 per share for the present quarter are within the two guidance ranges. Should you buy stock in Coherent right now? Before you buy stock in Coherent, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Coherent wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $649,544!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,113,059!* Now, it's worth noting Stock Advisor's total average return is 1,062% — a market-crushing outperformance compared to 185% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Bank of America is an advertising partner of Motley Fool Money. Eric Volkman has no position in any of the stocks mentioned. The Motley Fool recommends Coherent. The Motley Fool has a disclosure policy. Why Coherent Stock Tanked by Nearly 20% on Thursday was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
