GHCL consolidated net profit declines 4.33% in the June 2025 quarter
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Time of India
13 minutes ago
- Time of India
Tesla plans to expand charging network in Delhi, Mumbai, Bengaluru
Academy Empower your mind, elevate your skills American electric vehicle maker Tesla plans to expand its super charging network in Delhi-NCR, Mumbai and Bangalore as it plans to start deliveries in India by September, a senior company official said on company, which opened its second experience centre in India at Aerocity here in the national capital, plans to have supercharging stations in Gurugram and Noida, besides one more in Saket, Tesla Regional Director (South East Asia) Isabel Fan said here at the opening company had opened its first experience centre in Mumbai last month, along with the launch of its Model Y with a price starting at Rs 59.89 and Mumbai are priorities for the company, she said, adding, in the next few weeks, the company will open its supercharging station in Gurugram to be followed by others in Saket (South Delhi) and the Mumbai area, Tesla is planning to set up supercharging stations at Lower Parel, Navi Mumbai and Thane to add to the existing one at Bandra Kurla Complex, Fan added."The other new market, new states... We cannot miss Bangalore very soon," she said, adding, "we don't commit five-year plan that we cannot deliver. So whatever we share is a commitment in the upcoming (period)." Fan also said the company will soon launch its mobile service, remote diagnostics, service centre and Tesla Approved Collision Centre in India.
Business Standard
13 minutes ago
- Business Standard
Nifty climbs above 24,450; VIX jumps 2.63%
The domestic equity benchmarks traded with substantial gains in the afternoon trade. The Nifty traded above the 24,450 level. Market participants awaited key economic data releases scheduled for later in the week, including the Wholesale Price Index (WPI), Consumer Price Index (CPI), and the trade balance. Barring the Nifty consumer durables index, all the other sectoral indices on the NSE traded in green. At 13:30 IST, the barometer index, the S&P BSE Sensex advanced 386.15 points or 0.48% to 80,243.94. The Nifty 50 index added 127.50 points or 0.52% to 24,490.75. In the broader market, the S&P BSE Mid-Cap index rose 0.50% and the S&P BSE Small-Cap index added 0.09%. The market breadth was positive. On the BSE, 2,061 shares rose and 1,994 shares fell. A total of 166 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, up 2.63% to 12.35. Gainers & Losers: Adani Enterprises (up 4.96%), Tata Motors (up 3.13%), State Bank of India (up 2.21%), Trent (up 2.07%) and Grasim Industries (up 1.80%) were the major Nifty50 gainers. Hero MotoCorp (down 0.78%), ICICI Bank (down 0.78%), Bharat Electronics (down 0.34%), Bajaj Auto down 0.28%) and Bajaj Finserv (down 0.23%) were the major Nifty50 losers. Stocks in Spotlight: Tata Motors rallied 3.26%. The company reported a 62.7% decline in consolidated net profit to Rs 3,924 crore in Q1 FY26 compared with Rs 10,514 crore in Q1 FY25. Revenue from operations fell 2.5% YoY to Rs 1,03,792 crore in Q1 FY26, with performance impacted by volume decline in all businesses and a drop in profitability primarily at JLR. Bajel Projects hit a lower circuit of 5% after the company reported consolidated net profit fell 46.37% to Rs 2.96 crore in Q1 FY26 as against Rs 5.52 crore posted in Q1 FY25. However, revenue from operations rose 18.91% YoY to Rs 601.36 crore in the quarter ended 30 June 2025. Power Mech Projects advanced 2% after the company reported a 30.5% surge in consolidated net profit to Rs 80.55 crore, while revenue from operations rose 28.4% to Rs 1,293.41 crore in Q1 FY26 over Q1 FY25. Yatra Online hit upper circuit of 20% after the company reported a consolidated net profit of Rs 16 crore in Q1 FY26, which is significantly higher as compared with PAT of Rs 4.04 crore recorded in Q1 FY25. Revenue from operations surged 108.1% YoY to Rs 209.81 crore in Q1 June 2025. PG Electroplast tumbled 14.28% after the companys consolidated net profit fell 19.97% to Rs 66.98 crore in Q1 FY26 as against Rs 83.70 crore posted in Q1 FY25. Despite the fall in profit, revenue from operations rose 13.86% year-on-year (YoY) to Rs 1,503.85 crore for the quarter ended 30 June 2025. Global Markets: Most European stocks opened higher on Monday, starting the new week on a positive note as investors continued to assess the evolving global trade landscape. Markets in Asia traded higher on Monday as investors awaited official announcement on changes to the August 12 deadline for the trade truce between the U.S. and China. This week trade and geopolitics will take centre stage with the looming U.S. tariff deadline on China due to expire on Tuesday and markets are expecting that this will get extended again. Further, President Donald Trump and Russian leader Vladimir Putin are due to meet in Alaska on Friday to discuss Ukraine. On Wall Street, the Nasdaq Composite ended last week at fresh closing highs, and the S&P 500 closed on the threshold of another milestone. The Dow also finished the week on a high note. A rally in Apple which has been a significant laggard this year helped bolster the market. The Dow Jones Industrial Average rose 206.97 points, or 0.47%, to 44,175.61, the S&P 500 gained 49.45 points, or 0.78%, to 6,389.45 and the Nasdaq Composite gained 207.32 points, or 0.98%, to 21,450.02.
Economic Times
13 minutes ago
- Economic Times
Tesla plans to expand charging network in Delhi, Mumbai, Bengaluru
Agencies American electric vehicle maker Tesla plans to expand its super charging network in Delhi-NCR, Mumbai and Bangalore as it plans to start deliveries in India by September, a senior company official said on Monday. The company, which opened its second experience centre in India at Aerocity here in the national capital, plans to have supercharging stations in Gurugram and Noida, besides one more in Saket, Tesla Regional Director (South East Asia) Isabel Fan said here at the opening event. The company had opened its first experience centre in Mumbai last month, along with the launch of its Model Y with a price starting at Rs 59.89 lakh. Delhi and Mumbai are priorities for the company, she said, adding, in the next few weeks, the company will open its supercharging station in Gurugram to be followed by others in Saket (South Delhi) and Noida. In the Mumbai area, Tesla is planning to set up supercharging stations at Lower Parel, Navi Mumbai and Thane to add to the existing one at Bandra Kurla Complex, Fan added. "The other new market, new states... We cannot miss Bangalore very soon," she said, adding, "we don't commit five-year plan that we cannot deliver. So whatever we share is a commitment in the upcoming (period)." Fan also said the company will soon launch its mobile service, remote diagnostics, service centre and Tesla Approved Collision Centre in India. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. 3 years on, Akasa's next challenge: Staying in the air against IndiGo's dominance Jane Street blow pushes Indian quants to ancient Greek idea to thrive Berlin to Bharuch: The Borosil journey after the China hit in Europe FIIs are exiting while retail investors stay put. Will a costly market make them pay? Stock Radar: TVS Motor breaks out from 1-month consolidation to hit fresh high; time to buy or book profits? FMCG sector: Both a consumption & tactical play; 7 stocks that have an upside potential of up to 30% F&O Radar| Deploy Short Strangle in Nifty for Theta decay benefits within index range These large- and mid-cap stocks may give more than 25% return in 1 year, according to analysts
