Latest news with #OORCabs
Business Upturn
23-05-2025
- Business
- Business Upturn
Top stocks to watch today, May 23: ITC, TVS Motor, Trent, BEL, HFCL, Nestle, IndusInd Bank and more
By Aman Shukla Published on May 23, 2025, 08:24 IST The Indian stock market experienced a subdued session on May 22, with both the Sensex and Nifty declining nearly 1%. The downtrend was largely influenced by global market cues. As the trading session opens on May 23, here are the key stocks and company developments that may warrant investor attention: Stocks in Focus ITC : Cigarette volume growth aligned with estimates; revenue exceeded expectations. TVS Motor : Entered a memorandum of understanding with OOR Cabs to deploy 500 electric three-wheelers in Tamil Nadu. Trent, BEL : Scheduled to be included in the BSE Sensex Index from June 23. Nestle, IndusInd Bank : Set to be excluded from the BSE Sensex Index, effective June 23. Metro Brands : Reported a 24.3% year-on-year rise in EBITDA, with margins improving to 30.7% from 27.2%. Honasa : Posted a 13.2% year-on-year revenue increase, indicating early signs of operational improvement. GMR Airports : EBITDA grew 23.5% YoY; margin increased to 35.25% from 33.39%. Max Estates : Met FY25 pre-sales guidance; FY26 pre-sales expected in the range of ₹6,000–6,500 crore. Power Mech : EBITDA rose 44%, with revenue up 42.4% YoY. Syrma SGS : Entered into a strategic partnership to manufacture Dynabook laptops in India. Sun Pharma : Q4 earnings came in below expectations; company projects mid-to-high single-digit revenue growth for FY26. Grasim : Missed Q4 estimates; VSF and chemicals business EBITDA lagged street expectations. CONCOR : Delivered a muted Q4; board approved a bonus issue—1 share for every 4 held. Ramco Cements : Q4 results below estimates; volumes declined 4% against an expected rise. MTAR Technologies : FY25 revenue, margins, and order book fell short of guidance. GSPL : Reported weak Q4 results; volumes fell 11% QoQ and 23% YoY. HFCL : Posted a net loss versus profit YoY; revenue declined 39.6%. Veedol Corporation: Promoter Ashok Vasudevan to sell up to a 2% stake via offer-for-sale at an 8% discount to CMP. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time of India
23-05-2025
- Automotive
- Time of India
TVS Motor, OOR cabs join hands to deploy 500 EVs in TN
TVS Motor Company on Thursday entered into a pact with cab aggregator startup OOR Cabs , to supply 500 TVS King EV MAX electric three-wheelers during the financial year 2025-26. According to a company release, this partnership is aimed at promoting sustainable urban mobility across Tamil Nadu. "As part of the initiative, OOR Cabs will deploy the vehicles for eco-friendly intra-city passenger services, beginning with Trichy (Tiruchirappally), and progressively expand operations to Madurai and Coimbatore. The integration of these electric vehicles into OOR Cabs' fleet reinforces both companies' commitment to cleaner, more efficient transportation solutions," it said. TVS King EV Max's features including Bluetooth connectivity and quick charging capability have been customised in line with OOR Cabs' vision of delivering an enhanced passenger experience. Rajat Gupta, Business Head - Commercial Mobility, TVS Motor Company, said, "We are delighted to partner with OOR Cabs in accelerating the shift towards green mobility in India." Maria Issac, CEO, OOR Cabs, added, "OOR Cabs is driven by a mission to provide seamless, sustainable, and customer-centric mobility solutions. Our collaboration with TVS Motor Company, a trusted leader in electric vehicle innovation, enables us to elevate the passenger experience while reducing our carbon footprint." According to the release, this partnership marks a significant step towards a greener, more inclusive future in mobility. OOR Cabs plans to increase its EV fleet by adding 20-30 vehicles every month, empowering both men and women drivers and promoting sustainable livelihoods in Tier 2 and Tier 3 cities. This initiative is aligned with Tamil Nadu's goal of leading the nation in clean mobility transformation. As part of the event, the first batch of TVS King EV Max vehicles were delivered to customers. A total of 10 units were ceremonially handed over during the event held in Tiruchirappalli.
Business Upturn
22-05-2025
- Automotive
- Business Upturn
TVS Motor signs MoU with OOR Cabs to deploy 500 electric three-wheelers in Tamil Nadu
TVS Motor Company has signed a Memorandum of Understanding (MoU) with OOR Cabs Pvt. Ltd., a technology-driven mobility platform, to supply 500 TVS King EV MAX electric three-wheelers during the financial year 2025-26. This collaboration aims to support sustainable urban mobility in Tamil Nadu. Under the agreement, OOR Cabs will deploy the electric three-wheelers initially in Trichy for intra-city passenger services, with plans to expand operations to Madurai and Coimbatore. The integration of these vehicles into OOR Cabs' fleet aligns with efforts to promote cleaner and more efficient transportation solutions. The TVS King EV MAX features a range of 179 km on a full charge, Bluetooth connectivity via TVS SmartXonnect™, quick charging capabilities, and an ergonomic design tailored to improve passenger comfort. OOR Cabs' customized vehicles will include on-board drinking water facilities, thermal insulation on the roof for better cabin comfort, and mobile charging ports to enhance the passenger experience. OOR Cabs aims to gradually increase its electric vehicle fleet by adding 20 to 30 vehicles each month. The initiative also focuses on empowering both male and female drivers and creating sustainable livelihoods in Tier 2 and Tier 3 cities. This partnership supports Tamil Nadu's broader goals of advancing clean mobility and reducing urban emissions. The first batch of 10 TVS King EV MAX units was handed over to customers during a recent event in Trichy. An additional 10 units are expected to be delivered in June 2025, further expanding the presence of electric three-wheelers in the region. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
