
Eight-year wait ends, Bengaluru Namma Metro's Yellow Line now aims to benefit over 8L commuters daily
Part of Metro Phase 2, the 19.15 km stretch built at a cost of Rs 7,160 crore comprises 16 stations and expands the city's operational metro network to 96 km. The new line is expected to benefit over eight lakh daily commuters in south Bengaluru and increase the overall metro ridership to an estimated 12.5 lakh passengers per day.
Commercial operations will commence on the Yellow Line from Monday (August 11).
The PM also took a ride on the new Metro train from Ragigudda to Electronics City for which he purchased a ticket through QR code-enabled ticket vending machines.
According to Bangalore Metro Rail Corporation Limited (BMRCL), the 16-station stretch will have a travel time of 35 minutes end-to-end, with halts at all stations. From Monday to Saturday, services will start at 6.30 am from both terminals. The last train from Bommasandra will leave at 10.42 pm, while the final service from RV Road will depart at 11.55 pm. Trains will operate every 25 minutes initially, with reduced frequency after 10 pm. On Sundays, services will begin at 7 am. BMRCL has stated that service frequency will increase after more train sets are inducted.

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Business Standard
5 minutes ago
- Business Standard
Minda Corporation has Delivered its Highest Ever Consolidated Revenue of Rs. 1,386 Crore and Operating Profit of Rs. 156 Crore with an Operating Margin of 11.3%
NewsVoir Delhi NCR [India], August 13: Minda Corporation Limited ('Minda Corp' or the 'Company'; NSE: MINDACORP, BSE: 538962), the flagship company of Spark Minda, announced its financial results for the first quarter ended June 30, 2025. Consolidated Q1 FY2026 Performance - Consolidated Revenue of Rs. 1,386 Crore, a growth of 16.2% YoY - EBITDA of Rs. 156 Crore, with an EBITDA Margin of 11.3%, up 23 bps YoY - PAT of Rs. 65 Crore with a PAT margin of 4.7% Minda Corp achieved quarterly revenue of Rs. 1,386 Crore, surpassing consensus estimates with a growth of 16.2% YoY. This performance is attributed to a strong product portfolio, an expanding customer base and a focus on product premiumisation. During the quarter, the Company reported quarterly EBITDA of Rs. 156 Crore, with a margin of 11.3%, marking a 23 bps YoY improvement. Profit Before Tax (PBT) stood at Rs. 71 Crore, with a margin of 5.1%, while Profit After Tax (PAT) reached Rs. 65 Crore, with a margin of 4.7%. Minda Corporation entered into a Joint Venture Agreement with Toyodenso to establish a Joint Venture Company in India for manufacturing and selling of advanced Automotive Switches. The partnership will provide end-to end solutions for automotive switches across two-wheelers, Passenger Cars and other automotive segments in the Indian market. Minda Corporation will hold the majority stake in the newly formed venture, with an investment in the agreed shareholding ratio of 60:40. The new Joint venture has already received orders from customers in India. This greenfield plant will be set up in Noida, Uttar Pradesh and is expected to commence operations by 2nd half of FY 2026-27. Minda Corporation Collaborates with Qualcomm to co-develop Smart Cockpit Solutions. As part of this collaboration, Minda Corporation is designing a next-generation cockpit platform powered by the Snapdragon® Cockpit Platform from Qualcomm Technologies. This alliance reflects commitment to technological leadership and aligns with the long-term vision of delivering intelligent, connected and user-centric experiences that create sustainable value for OEMs, end users and shareholders. Commenting on the results, Mr. Ashok Minda, Chairman and Group CEO said, "The first quarter of FY26 witnessed a strong performance, supported by resilient demand across key vehicle segments. Leveraging our focus on operational excellence, technology integration, and customer-centric initiatives, we continued to strengthen our market position. As we progress through the year, we remain focused on expanding our market reach, enhancing exports, and delivering sustainable value to our stakeholders through consistent execution and strategic initiatives." Moving forward, the Company aims to broaden its product portfolio by enhancing its competitive edge through sustained R & D investments. We will also continue to strengthen strategic partnerships to leverage technological advancements and effectively address evolving customer needs. Minda Corporation is one of the leading automotive component manufacturing companies in India with a pan-India presence and significant international footprint. The Company was incorporated in 1985. Minda Corporation is the flagship company of Spark Minda, which was part of the erstwhile Minda Group. The Company has a diversified product portfolio that encompasses Mechatronics, Information and Connected Systems and Plastic and Interior for auto OEMs. These products cater to 2/3 wheelers, passenger vehicles, commercial vehicles, off-roaders and after-market. The Company has a diversified customer base including Indian and global original equipment manufacturers and Tier-1 customers. For assimilating the latest technologies, Minda Corporation has a dedicated R & D facility and collaborations with the pioneers and leaders of the automobile industry. This has provided Minda Corporation with the cutting-edge in product design and technology to meet strict international quality standards. For further information on Minda Corporation visit This release contains statements that contain "forward looking statements" including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Minda Corporation future business developments and economic performance. While these forward-looking statements indicate our assessment and future expectations concerning the development of our business, several risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macro-economic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance. Minda Corporation undertakes no obligation to publicly revise any forward-looking statements to reflect future / likely events or circumstances.


Mint
5 minutes ago
- Mint
Online retailer stock Krishival Foods rises after Q1 results 2025. Details here
Stock Market Today: Online retailer stock Krishival Foods gained during the intraday trades on Wednesday after Q1 results 2025. The April-June 2025 quarter results were declared by Krishival Foods on Tuesday, after the market hours. Krishival Foods Limited reported Q1 2025 net profits at ₹ 4.27 crore at the consolidated level. This marked almost a 28% increase in the net profit from RS 3.28 crore in the year-ago quarter. The revenue from operations for Krishival Foods at ₹ 49.52 crore during the first quarter of fiscal year 2025-2026, or Q1FY26, marked a strong 69.6% increase compared to ₹ 29.20 crore in the year-ago quarter. The reported profit before tax for online retailer stock Krishival Foods at ₹ 5.85 crore grew 29% year-on-year during the April to June 2025 quarter compared to ₹ 4.26 crore in the year-ago quarter. Online retailer Krishival Foods' share price opened at ₹ 380 on the BSE on Wednesday. At the time of opening, the Krishival Foods share price was slightly higher than the previous session's closing price of ₹ 378.50. The online retailer Krishival Foods' share price touched an intraday high of ₹ 382.20, which meant gains of around 1% during the intraday trades on Wednesday. Online retailer stock Krishival Food share price may have corrected from the 52-week high of ₹ 435.50 seen in June 2025, but with volatility in the Indian Stock Market, however, it still is up 76-77% in a year. Having risen 280% in the last 5 years, the online retailer stock Krishival Food has given multibagger returns to the investors. Krishival is known for its traditional dry fruits, such as cashews, almonds, pistachios, and walnuts. Krishival Foods Limited, formerly Empyrean Cashews Private Limited, was incorporated on March 21, 2014. Subsequently, this company transformed from a private company to a public company, and the name was changed to 'Empyrean Cashews Limited' on November 22, 2021, and then to Krishival Foods Limited on January 20, 2023. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.


Indian Express
5 minutes ago
- Indian Express
Lesson for India in the China-EU freeze: Proceed with caution
The 50 per cent tariff shock on Indian exports to the United States has rattled exporters and policymakers alike. Garment manufacturers are scouting for alternative markets, while jewellery exporters are checking if their orders still stand. Meanwhile, the government plans credit measures to support SMEs and exporters who now potentially face a loss of their largest market. India now finds itself in a strategic bind. These developments come barely weeks before Prime Minister Narendra Modi's maiden visit to China since the Galwan clashes of 2020. The outreach aims to stabilise supply chains and secure critical technologies. Yet it coincides with Washington, India's key trading partner, tightening the screws over Delhi's Russia links, leaving India little room to manoeuvre. This is not dissimilar to the position the European Union finds itself in, vis-à-vis China and the United States. A summit marking 50 years of diplomatic ties in July ended in disappointment for Brussels. EU leaders raised concerns over China subsidising its EVs, market access issues, industrial overcapacity, and Beijing's support for Russia. On the other hand, President Xi Jinping warned against EU interference and criticised its de-risking policies. The EU-China diplomatic freeze has lessons for India. Only months earlier, with Donald Trump threatening sweeping tariffs on both the EU and China, Brussels and Beijing looked poised for closer ties. But that changed quickly when Trump paused tariffs on Chinese goods and Washington and Beijing agreed to resume cooperation on AI and critical minerals. The promise of renewed access to the US market dulled Beijing's appetite for compromise with Europe. Once China secured breathing space with Washington, it turned up the pressure on Brussels. It implemented anti-dumping tariffs on European brandy and expanded procurement restrictions on European medical equipment. The Chinese Commerce Minister called for the removal of EU sanctions on two Chinese banks alleged to have assisted Russia. Chinese export controls on rare earths were strengthened, and data localisation requirements affecting EU cloud and fintech companies were enforced. The EU and the US could have coordinated their leverage against China. Instead, the EU is under pressure from both sides, following the signing of a trade deal that imposes a 15 per cent tariff on its exports to the US. After years of border tensions and curbs on Chinese investment, New Delhi appears to be testing a modest thaw in relations. External Affairs Minister S Jaishankar's visit to Beijing in July coincided with the reopening of the Kailash Mansarovar Yatra, the resumption of direct flights, and the reinstatement of tourist visas for Chinese citizens. This revival is driven less by breakthroughs on the border and more by economic reality. The bilateral trade deficit reached a record $99.2 billion in FY25. Imports of solar components, lithium-ion batteries, electronics, and critical intermediaries surged by more than 25 per cent year-on-year. China's dominance in key sectors, such as EV components, green tech, APIs, and telecom equipment, keeps it entrenched in India's efforts to develop its own ecosystem. India is also exploring ways to ease curbs on Chinese investment, particularly in high-tech sectors. But this re-engagement is happening in the context of unresolved strategic issues. Despite an agreement last October, de-escalation along the LAC remains incomplete. Confidence-building measures are still minimal. And public sentiment remains wary. In this context, China may interpret India's opening as a sign of constraint rather than strength. If Beijing could pivot so quickly against the EU once Washington reopened its doors, it could just as easily do the same with India. India's best opportunity to avoid Europe's fate lies in direct negotiations with Chinese firms, ensuring a durable channel of communication, even when geopolitics turn cold. This does not necessarily mean filling out the calendar with high-level dialogues or offering joint ventures with Indian firms, to which Chinese companies may not freely transfer the latest technologies. Instead, India should identify critical supply chains integral to achieving its goals of economic growth, such as EV batteries, displays, EMS and connectors, solar wafers, precision machinery, and tooling. Subsequently, it should engage in dialogue with Chinese brands that have a strong global presence and established connections with upstream players in these fields. With strategic plans spanning two to three decades, these organisations are likely to assess commercial opportunities in India pragmatically and navigate political considerations in both countries as needed. India needs to establish a dedicated, multi-agency team to engage directly with key Chinese firms essential to its industrial goals. This team should comprise supply chain experts, Indian OEMs, state government representatives, and embassy staff, rather than general-purpose investment promotion bodies. Their focus should be on building strong, ongoing relationships with 25-30 major companies through private discussions and practical collaboration, rather than public initiatives. Currently, there is no coordinated outreach with these firms, and policies regarding Chinese companies in India are so unclear that only intermediaries can profit. To attract long-term investment, India needs to offer transparent and predictable guidelines that specify permitted activities, sectors, compliance requirements, and incentives. This clarity will encourage companies to invest, localise, and train for the future, resulting in knowledge and technology transfer. Not because it is mandated, but because companies will need to build for the long term. The Chinese establishment is likely to continue viewing India primarily from a strategic perspective. But when its firms and their shareholders stand to lose money by pulling out, the resistance to weaponising market access or regulatory tools will come from within. In a relationship marked by asymmetry, impassive commercial engagement may be India's strongest safeguard. The writer is Director, Geopolitics and Policy, at Koan Advisory Group, New Delhi. These are his personal views