Latest news with #BharatForge
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Business Standard
12 hours ago
- Business
- Business Standard
Reliance tops Hurun list of India's most valuable family businesses
Mukesh Ambani-led Reliance Industries, valued at ₹28.23 trillion — about a twelfth of India's GDP — is India's most valuable family business. The Adani family, worth ₹14 trillion, leads among first-generation family firms, according to the 2025 Barclays Private Clients Hurun India Most Valuable Family Businesses List. The 300 families on the list paid ₹1.8 trillion in taxes in FY25, accounting for 15 per cent of India's corporate tax collections. Together, they are worth ₹134 trillion — more than the combined GDP of Turkey and Finland — and generated ₹7,100 crore in value daily. Around 120 families, spanning Arvind's denim, Bharat Forge's truck axles, and Meril's medical devices, risk billions in export revenue over the next year amid US tariffs.
Time of India
2 days ago
- Business
- Time of India
'Europe has lot of opportunities'
Bharat Forge has a large US exposure and is in talks with American buyers after import duties were slapped on Indian exports. While it is hopeful of the issue getting resolved, it will eye opportunities in Europe if there is no resolution, the company's vice-chairman and joint MD Amit Kalyani tells TOI. Excerpts: How will the tariffs impact your business? The US auto sector accounts for about 35-40% of our sales. Over the years, because of our defence businesses and other businesses in the EU, we have reduced our share of the US and reduced the risk, but it still remains a very important market. We have very strong and entrenched relations with our customers in the US as we have been supplying them for 30 years. We need to work with the customers on how we navigate this challenge. Everyone understands the push & pull and we will work jointly with customers. In the near term, there will be some demand issues due to the overhang of tariffs but we don't know if it will exacerbate or get resolved; no one knows the impact on profit and demand. When it comes to Indian exports to the US, the larger sectors in the non-IT and non-pharma space, such as textiles and garments, shoes, gems & jewellery-which are extremely fragmented-and large employers will have bigger and faster impact. These are also sectors which are very price sensitive. How do you address this challenge? The challenge can also be a growth opportunity. After all, India has the ambition to grow and create opportunities for the 1.4 billion citizens of the country. We need to accelerate the pace of employment in the long run. There is a risk in the short to medium term. But India and the US are not enemies and issues should get resolved, otherwise India has to look at other opportunities, which may take time. The greatest opportunity would be to look at building infrastructure at a faster pace and speed up large capital expenditure, which will also create jobs and make India more competitive. As a business, we always deal with issues that are within our control and as a country too we need to do that. What is the demand outlook? The first quarter has been weak and the second quarter will be similar. It will also depend on the impact (of tariffs) and how things play out over the next 10-15 days. We expect the second half to be better. What happens if the trade talks with the US don't yield results? There are a lot of opportunities in Europe... FTAs are a good starting point for engagement. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
India.com
3 days ago
- Automotive
- India.com
Masterstroke by DRDO, develops world's most lethal artillery gun, India can now target Lahore from Amritsar, it can travel..., Indian Army says...
ATAGS New Delhi: The Bofors gun proved to be a game-changer for the Indian Army during the Kargil War. The Indian Army thrashed Pakistan's nefarious activities with the FH-77 howitzer, a 155 mm artillery gun from Bofors. However, over the years, the Bofors gun has become a thing of the past with the Indian Army adopting the Advanced Towed Artillery Gun System (ATAGS) as its new weapon. Many global military powers, including the United States and China, also possess advanced artillery systems, but ATAGS is considered among the most advanced towed artillery guns in the world thanks to its range of up to 48 kilometers. All you need to know about ATAGS: ATAGS is a modern 155 mm/52-caliber howitzer The ATAGS is jointly developed by Bharat Forge and Tata Advanced Systems Limited. Its biggest strength lies in its long-range firing capability and pinpoint accuracy. It follows the 'fire and shift' tactic—firing and then quickly changing position to avoid enemy counterattacks. The ATAGS (Advanced Towed Artillery Gun System) is so powerful that it can strike Lahore from Amritsar ATAGS can travel a distance between the two cities is roughly 50 kilometers. This modern Indian artillery has proven effective in all types of terrain, from the scorching deserts of Rajasthan to the icy heights of Siachen. Here are some of the key features of ATAGS: The most notable feature of the ATAGS (Advanced Towed Artillery Gun System) is its rapid deployment capability. ATAGS gun can be ready for firing in just 80 seconds In case of a threat, it can relocate within 85 seconds. It is mounted on an 8×8 high-mobility truck, which can travel at a speed of 90 km/h. It can launch 10 high-explosive shells in 2.5 minutes, or 5 shells in just 60 seconds. 85 percent of ATAGS' spare parts are made in India, making it almost entirely indigenous. While similar foreign artillery guns cost around ₹35–40 crore, the ATAGS costs only ₹15 crore. The DRDO began developing this gun in 2012, and now it is ready to be inducted into the Indian Army. In March 2025, the government approved a deal worth Rs 6,900 crore to procure 307 units of ATAGS. The first regiment (18 artillery guns) is expected to be delivered to the Army by February 2027.
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Business Standard
6 days ago
- Business
- Business Standard
Stock Market LIVE: Sensex down 450 pts, Nifty below 24,450; Metal index slips 1%; TaMo 2%
Sensex Today | Stock market LIVE, August 7: In the broader markets, the Nifty Midcap100, and Nifty Smallcap100 indices were trading lower by 0.44 per cent and 0.71 per cent, respectively 10:54 AM Stock Market LIVE Updates: Despite muted Q1 results, Hero MotoCorp share gains ground; what's next? Stock Market LIVE Updates: Hero MotoCorp shares were in focus on Wednesday, defying broader market weakness despite a lacklustre Q1 performance. The stock rose as much as 2.29 per cent to hit an intraday high of ₹4,577.40. The company reported a muted performance for the first quarter, with its standalone net profit rising marginally by 0.3 per cent year-on-year (Y-o-Y) to ₹1,126 crore from ₹1,123 crore. Jefferies reportedly retained its 'Underperform' rating on the stock with a target price of ₹3,330. READ MORE 10:30 AM Stock Market LIVE Updates: Bharat Forge slips 3% on cautious US export outlook; Buy, sell or hold? Stock Market LIVE Updates: Bharat Forge shares slipped 3.1 per cent on Thursday, August 7, 2025, and logged an intra-day low at ₹1,103 per share on BSE. The selling pressure came a day after management expressed caution regarding its US export prospects. In Q1, Bharat Forge's consolidated net profit increased 62 per cent to ₹283.87 crore, as compared to ₹174.57 crore a year ago. Nuvama Institutional Equities has raised its target price to ₹1,280 per share from ₹1,230 with a 'Hold' rating. READ MORE 9:51 AM Stock Market LIVE Updates: JSW Cement IPO opens: Analyst bet on growth potential; should you apply? Stock Market LIVE Updates: The initial public offering (IPO) of JSW Group's cement manufacturing company, JSW Cement, opens for public subscription today, Thursday, August 7. Analysts at Canara Bank Securities recommend investors subscribe to the public issue, citing its growth potential, sustainability focus, and strategic alignment within the JSW Group. Analysts at AUM Capital also recommend that investors subscribe to the public issue, citing the strong branding of the JSW Group as an added advantage. READ MORE 9:22 AM Stock Market LIVE Updates: Sectoral indices show mixed trends Stock Market LIVE Updates: On the sectoral front, Nifty Metal, Realty, Auto, Energy, Bank, Consumer Durables and Oil & Gas were trading lower. On the other hand, Nifty FMCG, Pharma, and Media opened in green. 9:20 AM Stock Market LIVE Updates: A glance at broader market Stock Market LIVE Updates: In the broader markets, the BSE Midcap index was trading 0.41 per cent down, while BSE Smallcap indes was down by 0.2 per cent. 9:19 AM Stock Market LIVE Updates: Sensex down 250 pts, below 80,300 9:17 AM Stock Market LIVE Updates: Nifty down after market opens, below 24,500 First Published: Aug 07 2025 | 8:04 AM IST
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Business Standard
6 days ago
- Business
- Business Standard
Bharat Forge slips 3% on cautious US export outlook; Buy, sell or hold?
Bharat Forge shares slipped 3.1 per cent on Thursday, August 7, 2025, and logged an intra-day low at ₹1,103 per share on BSE. The selling pressure came a day after management expressed caution regarding its US export prospects At 9:25 AM, Bharat Forge's share price was down 1.95 per cent at ₹1,116.6 per share. In comparison, the BSE Sensex was 0.23 per cent lower at 80,356.31. Bharat Forge Q1 results recap In Q1, Bharat Forge's consolidated net profit increased 62 per cent to ₹283.87 crore, as compared to ₹174.57 crore a year ago. The revenue from operations stood at ₹3,908.7 crore, as compared to ₹4,106.1 crore, down 4.8 per cent, due to challenges arising from the tariff policy, rollback of emission norms change for heavy trucks in US, and seasonality in the Aerospace business. The company reported an Earnings before interest, tax, depreciation and amortisation (Ebitda) at ₹587.8 crore, as compared to ₹657.6 crore year-on-year (Y-o-Y). Ebitda margins stood at 27.9 per cent, according to the filing. Check List of Q1 results today Bharat Forge management commentary "Given the recent tariff announcement by the US government and changes to emission regulation in North America, we are "cautious" on the outlook for the US export business for the remainder of the fiscal," said B.N. Kalyani, chairman & managing director, Bharat Forge. He added: FY26 is likely to be a challenging period, given where we are in the overall cycle and our geographical exposure. Our focus is on capturing opportunities in businesses and geographies which are relatively unaffected and work simultaneously on cost optimisation to minimise impact of operating deleverage. What brokerages suggest on Bharat Forge post Q1? Nuvama Institutional Equities has raised its target price to ₹1,280 per share from ₹1,230 with a 'Hold' rating. The brokerage believes core segments such as commercial vehicles (CVs) and global construction equipment/tractors are likely to be weak, limiting standalone revenue/Ebitda compound annual growth rate (CAGR) at 7 per cent/6 per cent over FY25–28E. Moreover, it reckons subsidiaries shall incur losses. Conversely, global brokerage Jefferies has maintained an 'Underperform' rating on Bharat Forge with a target of ₹950 per share, according to data compiled by Bloomberg. The brokerages see Q1 as a tough quarter for Bharat Forge with weakness in the export outlook, according to reports.
