(FE) Electric two-wheeler (E2W) maker Ather Energy narrowed its net losses to Rs 234.4 crore in the fourth quarter of FY25, compared to Rs 283.3 crore in the same period last year. However, the losses widened sequentially from Rs 197.8 crore in Q3FY25. Revenue from operations of the Bengaluru-based EV firm rose 29% year-on-year to Rs 676 crore in Q4FY25, driven by strong demand for the company’s top-selling ‘Rizta’ brand of family electric scooters. For the full year, net loss stood at Rs 812.3 crore in FY25, down from Rs 1,059.7 crore in FY24. Annual revenue from operations grew 29% to Rs 2,255 crore in…
Author: Aruna Sharma
(The Pioneer) Lieutenant Governor Vinai Kumar Saxena laid the foundation stone of a 500-kW solar power plant at the Delhi Assembly on Monday, along with Chief Minister Rekha Gupta and Speaker Vijender Gupta. Power Minister Ashish Sood, Public Works Department Minister Parvesh Verma, several MLAs and senior officers were also present on the occasion. The 500-kW installation, scheduled for completion within 45 days, will significantly expand the House’s existing solar infrastructure, the Assembly Secretariat said in a statement. The old 200-kW rooftop solar system is being dismantled to make way for the new 500-kW installation, which will enable the Assembly…
(FE) Tata Steel on Monday reported a 112.7% jump in its consolidated net profit for the January-March quarter at Rs 1,301 crore, aided by lower input costs and operational efficiencies. The profit beat Bloomberg’s consensus estimate of Rs 1,160 crore. Revenues during the period came in at Rs 56,218 crore, missing estimates of Rs 57,295 crore and registering a 4.2% year-on-year decline. Managing director and CEO TV Narendran said FY25 was a pivotal transition year, highlighting major operational milestones across geographies. These included the commissioning of the largest blast furnace at Kalinganagar, the decommissioning of two UK blast furnaces, and improved…
(BS) India has told the World Trade Organisation (WTO) that it proposes to levy duties on some products made in the US and shipped to India, to counter Washington’s tariffs on steel and aluminium products produced in India. The proposal assumes significance as both countries are negotiating a bilateral trade agreement (BTA). The Indian team is also visiting the US for trade talks this week. The WTO communication indicates that these US safeguard measures could potentially impact over $7 billion worth of imports from India and the estimated duty collection may be close to $2 billion from these tariff levy.…
(ET) ReNew Power, a leading green energy company, is set to invest Rs 22,000 crore in establishing India’s largest renewable energy complex in Andhra Pradesh, marking its return to the state after five years. ReNew will set up a 1,800 megawatt solar energy plant and another 1,000 MW wind facility along with a battery energy storage system (BESS) of 2 gigawatt hour (GWh) in two phases at Anantapur in Andhra Pradesh, sources with direct knowledge of the matter said. The company will also set up a 100-kilometre extra-high voltage (EVH) line for transmission of the clean power. Groundbreaking for the…
(BS) Adani Power has received a Letter of Award (LOA) from Uttar Pradesh Power Corporation (UPPCL) for procurement of 1,500 MW from a new thermal power project of 2x800MW (1600 MW) installed capacity situated in the State of Uttar Pradesh for a period of 25 years. As part of the contract, the Company will supply power at a highly competitive tariff of Rs 5.383 per unit from a greenfield 2×800 MW (1500 MW net) Ultra-supercritical power plant to be set up under the Design, Build, Finance, Own, and Operate (DBFOO) model in the state. This is further to the Uttar…
(TOI) Increased generation of solar electricity, seen as a cheaper alternative by consumers, has led to higher forced outages at thermal power plants, said director (operations) of state govt-owned Mahagenco Sanjay Marudkar. A major jump in solar power during the daytime is taking a toll on the wear and tear of thermal plants’ boilers. He said as much as 6,000 MW solar power is pumped into the grid in the day time, forcing Mahagenco to balance the grid by reducing generation from thermal power plants. Such reductions and fluctuations leave stress on the boilers of the power plants. This results…
(BS) The tourism, hospitality and aviation industries will work together to face the challenges following the Pahalgam attack and the consequent military situation, said Puneet Chhatwal, MD and CEO of Indian Hotels Company Limited, on Sunday. Chhatwal, whose company operates the Taj Hotels brand, was speaking to reporters on the sidelines of the convocation function at the Indian Institute of Management (IIM), Nagpur. When asked about how the hospitality industry plans to tackle the challenges after the Pahalgam terror attack and the resulting military confict between India and Pakistan, Chhatwal said it is the role of management to navigate through…
(HT) The market regulator is keeping a close watch on the options market and may tighten rules for retail investors further, if required, as their participation remains high despite last year’s curbs. Alongside, the Securities and Exchange Board of India (Sebi) may drop a February proposal to monitor position limits for index options through the day, besides increasing position limits significantly in potential relief for high-frequency traders (HFTs), two people aware of the matter said. The regulator may also look to modify the market-wide position limit (MWPL) across exchanges and link it to delivery volumes of stocks to prevent manipulation…
(NDTV) Delhi airport on Monday said operations are currently smooth but some flight schedules and security checkpoint processing time might be affected. Around 100 flights to and from Delhi Airport were canceled on Sunday. Security measures were enhanced and at least 32 airports in northern and western parts of the country were temporarily shut in view of the conflict between India and Pakistan. On Saturday, India and Pakistan reached an understanding to stop all firings and military actions on land, air and sea with immediate effect. In a post on X on Monday, DIAL said the airport operations are currently smooth.…