
Maruti commences high voltage training program at 130 ITIs to accelerate EV adoption
Synopsis
Maruti Suzuki India has initiated a training program. It focuses on high voltage systems for electric and hybrid vehicles. This program spans 130 Industrial Training Institutes across India. The initiative aims to prepare technicians for the growing EV market. Maruti Suzuki has invested Rs 3.9 crore in this effort. The company plans to train over 4,100 students annually.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
25 minutes ago
- Time of India
25 rare M F Husain paintings to go under hammer after Bombay High Court nod
Twenty five rare paintings of late Indian modernist painter M F Husain, secured by NAFED as part of the proceeds of an alleged loan default case, will be auctioned on June 12 pursuant to a nod from the Bombay High Court . The auction titled, 'M F Husain: An Artist's Vision of the XX Century', includes 25 canvases painted as part of Husain's OPCE - Our Planet Called Earth - series. In its February 17 order, a single bench of Justice R I Chagla permitted the Sheriff of Mumbai to auction the 25 paintings, secured by the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) in connection with the Rs 236 crore loan dispute with industrialist Guru Swarup Srivastava's Swarup Group of Industries. Srivastava came into limelight in 2007 when he commissioned 100 paintings of M F Husain at Rs 1 crore each. In May last year, art specialist Dadiba Pundole submitted to the HC the valuation report of the paintings, as per which they were valued at Rs 25 crore. Live Events Pursuant to the HC order, the Sheriff of Mumbai in February issued an auction notice for the paintings through Pundole art gallery. The auction is scheduled on June 12 at the Hamilton House in south Mumbai. After the auction is complete, the Sheriff of Mumbai has been directed to file a report to the high court by July 3 and obtain final directions for handover of the works. In 2006, the CBI initiated a probe into the Swarup Group and against Srivastava for alleged misappropriation of Rs 150 crore from the Rs 236 crore loans from NAFED. A tribunal in December 2008 permitted NAFED to secure assets of Rs 100 crore, including the Husain paintings.


Economic Times
26 minutes ago
- Economic Times
Nifty's PAT grew 3% in Q4FY25, beat Motilal Oswal's estimates; Bharti Airtel, HDFC Bank among top 5 contributors
Nifty posted 3% net profit growth in Q4FY25, marking its fourth straight single-digit gain. Bharti Airtel, ICICI Bank, and others drove 137% of incremental earnings, while MOFSL stays bullish on large-caps and domestic sectors. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Q4FY25 earnings based on Mcap Tired of too many ads? Remove Ads Nifty delivered a fourth successive quarter of single-digit net profit growth since the pandemic of 2020 at 3%, with heavyweights Bharti Airtel Tata Motors and HDFC Bank contributing 137% of the incremental year-on-year accretion in earnings according to estimates by Motilal Oswal which remains biased towards large-caps and domestic plays amid a volatile backdrop."Our model portfolio stance remains unchanged, with a distinct bias towards large-caps and domestic plays, given the current volatile backdrop. We are OW (overweight) on BFSI, consumer discretionary, industrials, healthcare, IT and telecom while we are underweight on Oil & Gas, cement, automobiles, real estate and metals," MOFSL uptick in Profit After Tax (PAT) was higher than MOFSL's estimates of 2% and IndusInd Bank State Bank of India (SBI), Kotak Mahindra Bank , and Grasim Industries contributed adversely to the broad-based analysis reveals 13 sectors exceeding expectations in the 4QFY25 corporate earnings, showcasing widespread outperformance across and OMCs propelled earnings growth and were followed by PSU banks, automobiles, healthcare, technology, and capital goods, fuelling this healthy performance. Conversely, Oil & Gas (excluding OMCs) and private banks dragged overall aggregate earnings of the MOFSL universe companies grew 10% YoY versus the estimates of 2% YoY in metals profit surged 45% YoY on a low 4QFY24 base while for OMC's PAT jumped 14% YoY versus estimates of a 59% decline. Earnings of PSU banks (+9% YoY), automobiles (+8% YoY), technology (+7% YoY), healthcare (+17% YoY), capital goods (+14% YoY) and consumer durables (+37% YoY) stood at 9%, 8%, 7%, 17% and 37%, respectively. As for the telecom sector, profit of Rs 500 crore was reported versus loss of Rs 2,500 contrast, aggregate earnings growth was hit by Oil & Gas (ex OMCs), which posted a profit decline of 12% YoY. Further, earnings were dragged down by private banks (-6% YoY), cement (-3% YoY) and consumers (-1%).The MOFSL review reveals that largecaps and midcaps delivered a beat while smallcaps reported a coverage universe comprising 86 largecap companies posted an earnings growth of 10% YoY while midcaps (89 companies) delivered 19% earnings growth versus estimates of 10%. The earnings were led by financials (PSU banks and NBFCs), metals, healthcare and contrast, smallcaps (122 companies) experienced a broad-based miss adversely impacted by the financials sector. The smallcap earnings dipped 16% YoY versus estimates of 11% fall. In this, 39% of the coverage universe missed MOFSL's the other hand, within the largecap and midcap universe, 21% and 25% of the companies missed their estimates.


Economic Times
26 minutes ago
- Economic Times
CDSL shares witness strong bullish momentum, up 60% from March lows
Live Events CDSL Q4 results CDSL share price history (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Central Depository Services (India) Ltd (CDSL) have now rebounded significantly by 60.4% to Monday's high of Rs 1,680, recovering from its March low of Rs 1, surge in CDSL shows a strong bullish momentum and investor confidence in the stock. In today's session alone, by 2:40 pm, the stock had climbed 9.8%.On Monday, by 2:30 pm, 152.99 lakh shares of CDSL were traded on the NSE with a total traded value of Rs 2,496.21 crore. The total market capitalisation of the company stood at Rs 34,903 Ltd, a player in the financial services sector, has now reclaimed all its key moving averages on the daily charts, a sign that bullish momentum remains stock, listed exclusively on the NSE, touched a high of Rs 1,989 on December 17, 2024. However, it was unable to sustain the upward momentum and faced a sharp selloff, dragging it below key moving averages on the daily reported a 22% year-on-year (YoY) drop in net profit for Q4FY25 to Rs 100.39 crore. Revenue from operations declined 6.7% YoY to Rs 224.45 crore, compared to Rs 240.49 crore a year income declined to Rs 267.37 crore from Rs 255.77 crore in the corresponding period last year, while total expenses increased to Rs 129.40 crore from Rs 100.90 to Trendlyne data, over the past year, CDSL shares have risen by 60.86%. The stock has gained 2.03% in the last six months and surged 50.98% over the three-month period. On a one-month basis, it is up by 26.72%.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)