AUTOMOTIVE CONSULTANCY JATO DYNAMICS
FirstCry Q2 revenue rises 14% to Rs 2,396 crore, net loss narrows 75%
In Q2 FY27, Brainbees Solutions, the parent company of FirstCry, demonstrated robust growth with a 14% revenue increase, reaching Rs 2,396 crore. The net loss significantly shrank by 75% to Rs 12.6 crore compared to last year's figures. Income also rose to Rs 2,438 crore, while expenses climbed by 13% to Rs 2,303 crore.
ET Prime Special Series: Multibagger or IBC – Part 84: Can rising demand for decorative features drive this auto ancillary's growth?
A car can change its engine and still look almost the same. It can also keep the same engine and look so different that buyers happily pay more for it. That is the peculiar corner of the automobile industry this story explores. For one listed supplier, the shift to EVs may be less threatening than it sounds. The bigger question is whether changing consumer preferences can help it build a more valuable business.
China, US discuss tariffs, farm trade at first trade council meeting
China and the United States held their first trade council meeting via video link on Friday. The discussions involved tariffs, agricultural trade, and a reciprocal tariff-reduction arrangement of $30 billion per side. Both sides aimed to implement outcomes from previous consultations while addressing trade concerns and expanding cooperation.
JioBlackRock Flexi Cap Fund exits ITC, BSE, MCX, TCS and 17 more, trim exposure in HDFC Bank, Adani Energy and 16 others
JioBlackRock Flexi Cap Fund made notable exits from various stocks including ITC and Tata Consultancy Services. The fund also reduced its exposure in HDFC Bank and other stocks during October. Additionally, it added around 13 new stocks to its portfolio, enhancing diversity. Notably, the fund increased its holdings in Punjab National Bank and Bank of India significantly.
In SUV race, CNG raring to close gap with diesel
CNG is becoming a popular choice among cost-conscious small SUV buyers, surpassing diesel and BEVs in registrations. The demand for CNG vehicles has increased significantly, with manufacturers seeing remarkable sales growth. Maruti Suzuki and Hyundai Motor India are leading the way in CNG SUV offerings and sales. New models are being introduced to meet the rising consumer demand for CNG options.
Stakeholder inputs sought on proposed GST return changes
The Central Board of Indirect Taxes and Customs is seeking suggestions from various stakeholders on proposed tax changes. This consultation aims to enhance the efficiency of amending tax liabilities and input tax credit. Stakeholders can submit their feedback through the MyGov portal until November 30. The initiative follows recommendations made at the 57th meeting of the GST Council, held on October 8.
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Accenture rolls out bonuses of up to 27% for employees; India payouts range 8-26%
The payouts range from 8% to 26% in India, which accounts for around 3.5 lakh or roughly half of its 8.14 lakh employee base of the Ireland-headquartered IT and consulting firm. Non-performers have received zero percentage or no bonuses of the eligible payout, the persons said.
Kennametal India's July-Sep quarter PBT jumps to Rs 143 cr on strong hard metal volumes
Kennametal India reports over threefold growth in Q1 FY27 profit before tax to Rs 142.7 crore, while revenue surges 86.4% year-on-year. Strong hard metal volumes and favourable raw material pricing drive performance.
Fallout from the Nvidia scandal may dampen the exuberance around the AI boom
Nvidia CEO Jensen Huang resigned following reports of personal scandals, including extramarital affairs. His departure raised uncertainty in the AI sector and prompted rivals to consider increased competition. Competitors like Advanced Micro Devices and Broadcom saw share price gains on the news.
Ola Electric says demand outstrips supply, targets 25,000 vehicles in December
Ola Electric Mobility is experiencing high demand for its electric two-wheelers, causing supply constraints. The company plans to ramp up production to approximately 25,000 vehicles by December. Despite these plans, recent losses were reported along with a decline in consolidated revenue from operations. Ola Electric has significantly reduced its borrowings and expects to generate free cash flow soon.
Ola Electric Q2 Results: Loss narrows YoY to Rs 362 crore, revenue falls 39%
Ola Electric Q2 Results: The electric two-wheeler maker's revenue from operations fell 39% year-on-year (YoY) to Rs 421 crore from Rs 690 crore in the year-ago quarter.
Kia to invest $2 billion in second Andhra plant, add 12,000 jobs
Kia India plans to invest $2 billion in a new manufacturing facility located in Andhra Pradesh. This facility will increase Kia's annual production capacity significantly to over 600,000 units. It aims to generate approximately 12,000 direct and indirect job opportunities in the region. The company is focused on enhancing its presence in both domestic and international markets. This strategic investment underlines Kia’s commitment to India’s automotive industry and growth potential.
ICICI Bank credit card rule changes in November and December 2026: Higher replacement fees; insurance benefits discontinued; what cardholders should know
ICICI Bank is set to implement revisions to certain credit card fees and will eliminate some complimentary benefits for its cardholders. Beginning in December 2026, eligible credit cards will see increased replacement costs, along with the termination of specific associated insurance covers.
BJP demands transparency from Industries Minister on Rs 1,370 cr expansion plans in Tamil Nadu
The Tamil Nadu BJP spokesperson Narayanan Thirupathy challenged TN Industries minister S Keerthana's claims of Rs 1,370 crore expansion plans of South Korean companies. Thirupathy said the investments were not the government's achievement but routine expansion of existing South Korean companies in the state. He claimed that most of the new manufacturing capacity expansion and jobs went to Andhra Pradesh.
South Korean auto parts makers plan Rs 1,370 crore investment in Tamil Nadu
South Korean automotive component manufacturers Hwashin Automotive India and Seoyon E-Hwa Summit Automotive India have proposed investments. They plan to invest a total of ₹1,370 crore in Tamil Nadu over the next five years. Hwashin Automotive intends to invest ₹850 crore in research and development, while Seoyon E-Hwa plans ₹520 crore in technology upgrades. These investments target expansion and modernization to support Hyundai Motor India and other automakers.
IRDA's new consultation paper proposes major reforms to improve insurance distribution and reduce complaints
Irda's recent consultation paper aims to restructure insurance distributor commissions to enhance market efficiency and penetration. The report highlights India's low insurance penetration rate compared to global averages and emphasizes improving policy persistency. It suggests restructuring compensation models, linking payouts to ongoing services, and reducing initial commission incentives to curb misselling. This proposed overhaul aims to foster greater trust and improve customer service within the insurance sector.
Two auto firms commit Rs 1,370 cr investment in Tamil Nadu, govt dismisses rumours of projects shifting to AP
Two automotive manufacturers have committed to invest a total of Rs 1,370 crore in Tamil Nadu. Hwashin Automotive India will invest approximately Rs 850 crore over the next five years for various advancements. Seoyon E-Hwa Summit plans to invest around Rs 520 crore in technology upgrades and new business developments. The investments reflect the state's ongoing appeal to automotive investors.
Chinese companies providing overseas services to Indian subsidiaries may escape tax: ITAT
In a landmark decision, the Delhi Income Tax Appellate Tribunal has determined that Chinese firms offering services from overseas are not liable for Indian taxes. This ruling contrasts with a Mumbai bench decision made in 2010 regarding taxation policies on foreign services. The tribunal's finding is advantageous for Chinese companies supplying centralized services to Indian entities during the digital age.
Chipmakers warn AI demand is creating bottlenecks in automotive supply chain
Nexperia says it is heavily oversubscribed as chipmakers redirect capacity towards higher-margin AI data-centre products, creating shortages of mature semiconductors used in vehicles and industrial equipment. Industry executives warn that the AI investment boom is worsening bottlenecks across automotive and industrial supply chains.
India in a 'sweet spot' amid oil volatility and currency dynamics: Kotak Neo's Anindya Banerjee
India is in a favourable economic position due to declining crude oil prices and increasing foreign investment inflows. The Indian rupee is currently undervalued, and there is potential for appreciation if geopolitical tensions ease. Expectations suggest one more interest rate hike from both the Federal Reserve and the Reserve Bank of India. Additionally, shifting global investment sentiment is favoring markets such as India beyond artificial intelligence stocks.
Sonia Gandhi's memoir recalls the stormy years of 'Choti Bahu' Maneka
Sonia Gandhi's memoir explores the familial and political tensions within the Gandhi family. Maneka Gandhi's marriage to Sanjay ignited complex dynamics leading to significant disagreements. Indira Gandhi's concerns about Sanjay's political ambitions and Maneka's influence further strained relationships. The eventual fallout resulted in Maneka's departure, which Sonia describes in detail in her book. This historical account outlines the impact of personal conflicts on political landscapes within a prominent family.
DPIIT seeks Fillip for local mfg of 100 goods in budget
DPIIT has examined 500 heavily imported products to identify opportunities for boosting domestic manufacturing. The department plans to share its findings with the finance ministry for the FY28 budget recommendations. Commerce Minister Piyush Goyal met with Skoda Auto Volkswagen to promote electric vehicle manufacturing and increase localization. High import dependence is classified based on the percentage of domestic demand met by imports.
Piyush Goyal meets Skoda Auto Volkswagen India CEO; talks focus on EV push, exports
Commerce Minister Piyush Goyal met a delegation led by Škoda Auto Volkswagen India CEO Piyush Arora to discuss expanding automobile exports, strengthening domestic manufacturing, accelerating EV production and increasing localisation.
Tenneco India explores diversifying beyond auto sector, eyes M&A
Tenneco Clean Air India is exploring acquisitions to diversify beyond the automotive sector, with potential targets in railways, aerospace and defence. CEO Arvind Chandra said the debt-free company has the cash to fund sizeable deals and is seeking businesses with strong technology, margins and an India growth opportunity.
For long- and medium-term investors: Cycles turn, principles don’t; 5 large-cap stocks with upside potential of up to 29%
These are the stocks that fell the most, so they may bounce back the most if the fund flows return. They are the ones FPI money will target first. And they tend to be the businesses with great track records, the ones that have been through bad patches like this before and have come out unscathed. Yes, we are talking about large-cap stocks.
LG Electronics India Q2 Results: Net profit jumps 27% YoY to Rs 489 crore; stock climbs 5%
LG Electronics India reported a net profit of Rs 489 crore for the second quarter of FY27, which is an increase. The profit jumped 27% year-on-year compared to Rs 389 crore from the same period last year. Revenue from operations totaled Rs 7,380 crore, showing a rise of 19.5% from Rs 6,174 crore previously. Following the earnings release, shares of LG India surged nearly 5% on the BSE exchange.
Allcargo Logistics Q2 Results: Co posts Rs 19 crore profit; revenue rises 3.4%
Allcargo Logistics Ltd reported a positive shift in financial performance during the September quarter of FY27, achieving a consolidated profit after tax of Rs 19 crore. This demonstrates a year-on-year growth alongside a 3.4 percent increase in operational revenue. With the festive season on the horizon, the company anticipates further demand, focusing on enhancing capacity utilization and reinstating volume growth in the upcoming months.
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