Tata Motors share price slips over 3% on reports Iveco Group's trucking business' potential acquisition
At 2:30 AM, Tata Motors share price was trading 3.24% lower at ₹ 670.00 apiece on the BSE.
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Business Standard
a minute ago
- Business Standard
Aurobindo Pharma Q1 PAT falls 10% on drop in API sales, US market revenue
Aurobindo Pharma on Monday reported a 10.2% year-on-year (Y-o-Y) drop in consolidated profit after tax (PAT) for the June quarter (Q1 FY26), which stood at Rs 824 crore. The decline was attributed to a drop in sales in its active pharmaceutical ingredients (API) business and the United States (US) market. The Hyderabad-based drugmaker had recorded a net profit of Rs 918 crore in Q1 FY25. The company stated that its API business was affected by pricing pressures and geopolitical tensions, with revenues for the segment falling by 16% Y-o-Y to Rs 916 crore in Q1 FY26. However, the drugmaker recorded a 4% Y-o-Y rise in revenue from operations, reaching Rs 7,868 crore in the June quarter, up from Rs 7,567 crore in Q1 FY25. This increase was primarily driven by a 7.4% Y-o-Y rise in the drugmaker's formulations business revenue, which contributes around 85% of the company's overall revenue. Aurobindo Pharma saw an 18% Y-o-Y revenue growth in European markets, which stood at Rs 2,338 crore, driven by a strong performance across all key markets. Similarly, revenue from growth markets formulations increased by 8.8% Y-o-Y to Rs 772 crore in the June quarter, compared to Rs 709 crore in the same period last year. However, the company's US formulations business, which accounts for 44% of its revenue, saw a marginal 1.9% Y-o-Y dip in sales, from Rs 3,555 crore in Q1 FY25 to Rs 3,488 crore in Q1 FY26. According to the company's regulatory filing, the decline in US revenue was primarily due to a significant reduction in sales of the anti-cancer medication lenalidomide. Commenting on the company's performance, K. Nithyananda Reddy, Vice Chairman and Managing Director of Aurobindo Pharma, said that the company has started FY26 steadily, with its European business maintaining strong growth momentum and the core US business showing resilience despite temporary challenges from destocking and seasonal dynamics. The company announced its results after market hours. On Monday, Aurobindo Pharma's shares rose marginally by 1.04%, ending the day's trade at Rs 1,090.90 apiece on the exchanges.
Time of India
30 minutes ago
- Time of India
Work on abattoir in Kaloor may begin soon
Kochi: Project to construct a modern abattoir in Kaloor may begin soon as Kochi corporation has given its nod for an enhanced estimate of Rs 20 crore. The cost was Rs 16 crore as per 2023 schedule and it rose to Rs 20 crore due to various reasons, including delay in implementing the project. Corporation council held last week gave approval for the project. Earlier, state govt had given its nod for the escalated cost. Though the project was designed more than a decade ago, Impact Kerala, the agency entrusted with the project four years ago, is yet to begin the work. "Impact Kerala authorities haven't shared many of the details related to the operation of the abattoir with the corporation," said corporation health standing committee chairman T K Asharaf. As the project implementation was getting delayed, corporation authorities had planned to rope in a Kolkata-based firm to construct the abattoir. However, Impact Kerala later informed that the agency will start the project provided govt and corporation approve the revised estimate. It is learned that Impact Kerala has signed an agreement with a private firm to construct the abattoir on a build-operate-transfer model. Condition of the existing abattoir owned by corporation at Kaloor continues to be pathetic. Pollution control board (PCB) ordered closure of the slaughterhouse, citing shortcomings in treating waste and blood generated while culling animals. Then, corporation authorities were forced to close down the facility on Sept 26, 2022. Following corporation's request, PCB granted it nod for operating the slaughterhouse on a temporary basis.
Time of India
30 minutes ago
- Time of India
Maharashtra labour & industry dept goes AI: Rs4.95cr approved to build ‘super portal' by September
Nagpur: The state govt has cleared a Rs4.95 crore proposal to build a comprehensive digital platform for its Industry, Energy, Labour and Mining (IELM) Department, integrating everything from public services and internal portals to real-time dashboards and multilingual AI chatbots. A govt resolution issued recently grants administrative and financial approval for the ambitious e-governance project, which is to be implemented through the National Informatics Centre Services Inc (NICSI). The project has a strict deadline and must go live by September 30, 2025. The unified platform will consolidate multiple portals and services under one roof, including the Labour Commissionerate, Mathadi and Security Guard Boards, and internal systems such as LMS, DISH, BMMS, IWBMS, Cess, RPL, and others. New Delhi-based UNEECOPS Technologies Ltd has been empanelled for design, development, and maintenance of the proposed portal. Among the highlights is a full-fledged AI-powered chatbot, built using natural language processing (NLP), that will operate on the website as well as WhatsApp. The bot will be voice-enabled and offer services in both Marathi and English. It will be capable of answering citizen queries, assisting with applications, providing scheme information, helping with document submission, and even tracking service status. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 22 Illustrations of a Husband and Wife in Everyday Life Watch More Undo The same chatbot will also offer personalised assistance based on Aadhar number or mobile-based identification. A WhatsApp Business API chatbot will also be deployed for grievance redressal, scheme promotion, and document-based services. Users will be able to lodge complaints, track tickets, and even receive multimedia communication like scheme brochures and alerts via WhatsApp. The department will also develop an interactive GIS-based platform, where key labour facilities such as worker facilitation centres will be geo-tagged and searchable by district or location. A real-time integrated dashboard will be built to monitor scheme KPIs, data across sectors, and the status of departmental services. The dashboard will support role-based access and draw data from various internal systems via APIs. The platform will be cloud-hosted, secured with extended-validation SSL/TLS certificates, and will undergo mandatory security audits as per GoI norms. All pages will be mobile responsive and accessible to visually impaired users. In addition, a new mobile app will be developed with all the website's features, real-time content sync, interactive UI, and feedback mechanisms. The app will be freely downloadable on Android and iOS platforms at no cost to users. The GR notes that all expenses will be booked under the 2025–26 budget head for the e-governance project. A dedicated manpower resource will be stationed on-site at Mantralaya for the next three years to oversee maintenance and content operations.
