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Mint
19 minutes ago
- Mint
Here's all you should know about the new Mercedes-AMG CLE 53 4Matic+ Coupe, priced at ₹1.35 lakh
Mercedes-Benz has expanded its AMG line-up in India with the introduction of the CLE 53 4Matic+ Coupe. Priced at ₹ 1.35 crore (ex-showroom), the two-door performance car is now available for bookings, with deliveries set to begin immediately. Although the engine in this coupe is not a V8, it still lets out throaty growls from the exhaust. It propels the AMG CLE 53 Coupe from 0 to 100 kmph in 4.2 seconds (claimed) and has a top speed electronically limited to 250 kmph, which can be raised to 270 kmph with an optional package. The coupe will directly rival the BMW M2 on Indian soil, although the latter can be acquired at a discount when compared to the former. Underneath, the AMG Ride Control suspension combines steel springs with adaptive damping, adjustable in Comfort, Sport, and Sport+ settings. Damping rates for rebound and compression are controlled independently, reacting quickly to road and driving conditions. Standard rear-axle steering allows the rear wheels to turn up to 2.5 degrees opposite to the front wheels at speeds under 100 kmph for tighter manoeuvres, or up to 0.7 degrees in the same direction above that speed to aid stability. Power comes from a 3.0-litre M 256M inline six-cylinder petrol engine equipped with twin turbocharging and an electric additional compressor. Modifications such as revised inlet and outlet channels, new piston rings, optimised injection, and a larger exhaust gas turbocharger have increased boost pressure to 1.5 bar. Output stands at 449 bhp with 560 Nm of torque, rising to 600 Nm for short bursts using overboost. A second-generation Integrated Starter Generator (ISG) is integrated into the gearbox bell housing. Operating as part of a 48-volt mild-hybrid system, it provides 23 bhp and 205 Nm while enabling functions such as regenerative braking, engine-off sailing, and near-instant restarts. The AMG Speedshift TCT 9G automatic transmission supports fast upshifts and multiple downshifts, with rev-matching on gear changes. It works with the fully variable AMG Performance 4Matic+ all-wheel-drive system, which can continuously adjust torque distribution between the front and rear axles. Official WLTP fuel consumption is between 9.3 and 9.7 litres per 100 km, which translates to 10.3 to 10.7 kmpl. Five AMG Dynamic Select drive modes are available: Slippery, Comfort, Sport, Sport+, and Individual. These change throttle response, shift patterns, steering weight, and suspension settings. Manual gear control is possible through steering-mounted paddles using the dedicated M button. The cabin features Artico leather and Microcut microfibre upholstery with AMG-specific graphics and contrast stitching. A 12.3-inch driver display offers multiple layouts, including the AMG Supersport mode, which highlights performance data such as lap times and G-forces. A portrait-style 11.9-inch central touchscreen runs the latest MBUX infotainment interface, controlled via touch, voice commands, or steering wheel buttons. Dynamic ambient lighting with 64 colour choices is standard.
Mint
19 minutes ago
- Mint
Nifty IT is 2025's worst-performing sector, down 20%; seven index stocks plunge 20–35% from recent peaks
Domestic tech stocks have emerged as the worst performers in 2025 so far, with persistent selling across the board leading to a sharp erosion in value and pushing them to multi-month lows. Lackluster earnings, tariff concerns, and a weak demand outlook have dampened investor sentiment toward the sector, triggering a rapid exodus from these stocks. As a result, the Nifty IT index has crashed 20% year to date. If the pressure on tech stocks persists through the end of the year, it would mark the index's first annual decline since 2022. Moreover, a loss of over 26% in value would make it the steepest yearly drop since 2008. Among its constituents, seven out of ten are in bear market territory, trading more than 20% below their recent peaks. Oracle Financial Services has plunged 35% to ₹ 8,594 from its December peak of ₹ 13,220, while TCS shares have slumped 33.8% from their August highs to ₹ 3,036, erasing over ₹ 5 lakh crore from the company's market capitalization. Other tech majors such as Infosys, HCL Technologies, and Wipro have fallen 29%, 25.5%, and 25.4%, respectively. In fact, 7 out of ten constituents of the index are now down more than 20% from their recent record highs. Foreign institutional investors (FIIs) reduced their stakes in nine of the 10 Nifty IT index constituents amid weak demand concerns. In TCS, FII holdings fell to 11.5% from 12% in the March quarter, while Infosys saw a decline to 31.9% from 32.9%. HCL Technologies FIIs shareholding dropped sharply to 18.6% from 19.2%, LTIMindtree fell to 6.6%, Coforge slipped to 37.4% from 40.2%, and MphasiS declined to 19% from 20.6%. Wipro and Oracle Financial Services Software registered marginal drops of 100 basis points each, to 8.2% and 8.6%, respectively, while Persistent Systems FIIs holdings eased to 24.2% from 24.4%. Tech Mahindra was the only exception, with overseas holdings rising slightly to 23.3% from 23%. The demand outlook for India's $283-billion IT sector remains uncertain due to US tariff risks and broader geopolitical factors. Indian tech giants started the year with high hopes for pro-growth policies from the Trump administration. However, a series of tariff-related announcements soon dampened investor sentiment, raising fears that a potential US economic slowdown triggered by trade wars could lead to fewer IT deals. The slowdown in new deals has already fed into companies' performance in the June quarter, with the country's top tech firms posting muted results, reporting a single-digit top-line growth ranging from 0.8% to 8.1%. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
19 minutes ago
- Business Standard
DGCA issues warning letter to Air India, seeks stricter compliance
The Directorate General of Civil Aviation (DGCA) has issued a warning letter to Air India Ltd., cautioning the airline over violations of flight time regulations and advising its management to exercise the highest level of diligence in adhering to aviation safety requirements. The regulator, during a spot check, found that Air India operated two Bangalore-London flights (AI133) on May 16 and 17, 2025, each exceeding the stipulated 10-hour maximum flight time under Civil Aviation Requirement (CAR) Section 7, Series J, Part III. The warning letter issued by DGCA stated, "During a spot check it was observed that Air India operated flights AI133 on May 16 and 17, 2025, both of which surpassed the 10-hour maximum flight time prescribed under Para 6.1.3 of the Civil Aviation Requirement (CAR) Section 7, Series J, Part III, Issue III dated April 24, 2019." The aviation regulator further noted that the airline's Accountable Manager failed to ensure compliance with key operational provisions specified in Annexure III of the CARs. "Whereas, it has further been noted that the Accountable Manager of M/s Air India Ltd. has failed to ensure compliance with the requirements as specified under Para 1 and Para 2.4 of Annexure III of the CARs, Section 3, Series C, Part II", the letter further stated. A Show Cause Notice was issued to Air India on June 20, 2025, under the Enforcement Policy and Procedures Manual (EPPM). "In view of the above, a Show Cause Notice was issued to Air India on 20 June 2025 under the relevant provisions of the Enforcement Policy and Procedures Manual (EPPM) for the aforementioned violations," the DGCA stated in the letter. After examining the airline's response, the regulator found it "unsatisfactory in addressing the regulatory lapses and deficiencies noted." "The reply submitted by Air India in response to the Show Cause Notice has been duly examined and found to be unsatisfactory in addressing the regulatory lapses and deficiencies noted. Accordingly, the Accountable Manager of M/s Air India Ltd. is hereby warned and advised to exercise utmost diligence and responsibility in ensuring strict compliance with the applicable Civil Aviation requirements," the letter further said. In response to the DGCA warning letter issued to Air India, the airline spokesperson in a statement said, "Air India is in receipt of the DGCA letter with regard to rostering issues on two long- haul flights reported in mid-May that arose due to a different interpretation of a permission that was granted to mitigate the border related airspace closure. This was corrected immediately after the right interpretation was conveyed to us. Air India remains fully compliant with the rules. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
