Author: Bureau
Mercedes-Benz India has expanded its presence in Chhattisgarh with the opening of a new luxury sales showroom in Raipur, operated by City Star. The facility marks a key step in the brand’s strategy to deepen its reach in emerging luxury markets and move closer to customers through an enhanced retail network. A key highlight of the showroom is Raipur’s first exclusive ‘Maybach Corner’, reflecting rising demand for top-end and ultra-luxury vehicles in the region. Designed to offer a refined and personalised buying journey, the showroom integrates dedicated spaces for premium models, private and semi-private consultation zones, lifestyle display elements, and…
Auto components manufacturer Dhoot Transmission has filed draft papers with the Securities and Exchange Board of India (Sebi) under the confidential pre-filing route, according to a public filing advertisement issued by the company, signalling a key step towards a potential initial public offering. Founded over two decades ago by promoter Rahul Dhoot, the company is a key supplier to original equipment manufacturers (OEMs) across the automotive and consumer durables sectors. The company manufactures wiring harnesses, automotive switches, electronic sensors and controllers, connectors and terminals, automotive cables, power cords and battery packs. Its products cater to a wide range of applications,…
Bengaluru: London-based consumer technology brand, Nothing, today announced its partnership with the T20 season 2025 champions, Royal Challengers Bengaluru (RCB) as the Title Sponsor for Season 2026, marking a significant step in the brand’s expanding presence and strategic investment in India. The collaboration comes on the back of RCB’s historic victory as Champions of 2025, and builds on Nothing’s association with Royal Challengers Bengaluru in the previous season, reflecting a shared long-term vision and growing collaboration between the two brands. Commenting on the partnership, Akis Evangelidis, Co-founder & India President, Nothing, said, “RCB’s journey last season was unreal. It captured the emotion,…
By Rajasekhar Papolu, Chairman and Managing Director, Brihaspathi Technologies Limited A tiny vibration on a factory conveyor belt is barely registered by the human eye. But an AI-enabled camera caught it instantly, flagging a slight misalignment that could have stopped production for hours. The incident never made it to a report because the intervention occurred before anything went wrong. That is the difference between systems that merely watch and systems that truly understand. Video, once treated as passive footage stored for future review, has entered a new era. Organisations across industries are now treating it as a real-time data layer. Grand…
Ather Energy delivered its strongest quarterly performance in Q3 FY26, reporting record revenue, higher volumes, and a sharp improvement in profitability metrics. Total income for the quarter ended December 2025 stood at ₹995.7 crore, marking a 53% year-on-year increase. The growth was supported by higher vehicle sales and a rising share of non-vehicle income from software subscriptions, charging services, accessories, spares, and servicing, which together contributed 14% of revenue. Adjusted Gross Margin rose sharply to ₹251.3 crore, more than doubling compared with the same quarter last year. Even after excluding incentives, margins improved to 23%, reflecting better product pricing, value…
Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, announced its financial performance for the quarter and nine months ended December 31, 2025. The company follows the completion-of-contract method for revenue recognition under Ind AS 115. During Q3 FY26, consolidated sales from residential and industrial clusters and cities (IC&IC) stood at ₹707 crore. Residential pre-sales rose sharply to ₹572 crore, compared with ₹334 crore in the same quarter last year, supported by sales of 0.60 million sq. ft. of saleable area. The company also added gross development value (GDV) of ₹1,010 crore during…
JS Auto Cast Foundry India Private Limited (JS Auto Cast), a wholly owned step-down subsidiary of Bharat Forge Limited, has secured an equity investment of ₹300 crore from Premji Invest. The funding has been made through a primary capital infusion into the company, following which Premji Invest will hold a 23 percent stake on a fully diluted basis. JS Auto Cast is a prominent supplier of critical ferrous castings serving both industrial and automotive segments. The fresh capital will be deployed to accelerate the company’s expansion strategy. Key focus areas include increasing overall casting capacity, adding medium-sized casting capabilities, and…
Q3FY26 Operational PAT at ₹1,282m and EPS at ₹13.9, Grew ~39% YoY Tepid Revenue Growth at 3.6%, Impacted by Low Offtake in Institutional Business and Flattish US Operations Compensated by Strong Ex-US Business, which Grew 20%YoY Q3FY2026 Performance Highlights § Absolute gross margin at ₹7,317m, grew 8.6% YoY § Revenue at ₹11,946m, grew 3.6% YoY § Gross margin improved to 61.2%, up 280bps YoY § EBITDA grew 12.2% YoY to ₹2,359m, EBITDA margin at 19.8%, grew 160bps YoY § Ex-US Market Revenue at $64m, reported a strong growth of 20% YoY § Operational PAT at ₹1,282m, Grew 38.6% YoY § Operational EPS at ₹13.9 § Reported PAT at…
Bengaluru: Teradyne Robotics has announced the launch of ElevateX 2026, its flagship industry forum, scheduled for February 10, 2026, in Bengaluru. The event will be hosted by Universal Robots and Mobile Industrial Robots, both part of the Teradyne Robotics group. ElevateX 2026 is being positioned as a strategic engagement platform to bring together the wider automation ecosystem, including industry leaders, technology experts, startups, system integrators, and media. The forum aims to encourage meaningful dialogue on the evolving role of collaborative and intelligent automation across manufacturing, logistics, and emerging sectors. As organizations increasingly seek solutions that are flexible, scalable, and safe…
Union Budget 2026 positions aviation and defence as strategic growth engines—combining infrastructure expansion, technological self-reliance, and national capability building. Increased focus on airport modernisation, regional air connectivity, and aviation infrastructure strengthens passenger mobility while supporting cargo, logistics, and tourism growth. Industry leaders have shared their reactions below. Sahil Mahajan, Partner – Aviation, Airports and Hospitality- PwC India: The growth of India’s aircraft fleet from 800 to 2500 supported by custom duty exemptions for civilian and Maintenance Repair Overhaul ( MRO )parts, considerably boosts domestic MRO capabilities—unlocking investment and strengthening self-reliance. Aloke Singh, Managing Director, Air India Express: Budget 2026’s emphasis on Viable Gap Funding (VGF)-backed seaplane operations and indigenous manufacturing can strengthen regional and coastal connectivity, catalyse tourism-led…