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5 hours ago
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Schaeffler India net profit rises 14 pc to Rs 294 cr in Jun quarter
Agency: Mumbai, Jul 25 (PTI) Auto parts maker Schaeffler India on Friday reported a 14 per cent rise in standalone profit after tax (PAT) to Rs 294.44 crore in the June 2025 quarter. The company had posted a standalone PAT of Rs 253.96 crore in the year-ago quarter, according to a regulatory filing. Schaeffler India follows a January-December financial year. Its revenue from operations (net) for the quarter under review rose to Rs 2,282.16 crore from Rs 2,071.93 crore in the April-June period of 2024, it stated. 'We have a year-on-year higher revenue across all businesses and continue to sustain our trajectory of registering double-digit growth for the fifth consecutive quarter. Quality of earnings continued to improve given efficiency measures and concentrated efforts on our strategic priority of localisation," its Managing Director and Chief Executive Officer Harsha Kadam said. This performance, coupled with improved financial and operating metrics, resulted in a good first half of 2025, he added. PTI IAS BAL BAL Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
5 hours ago
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'It's In The Past': McLaren's Oscar Piastri Vows To Learn From Costly British GP Penalty
Last Updated: Piastri learned a lesson from his 10-second penalty at the British Grand Prix for erratic braking during a safety car restart, costing him the race victory and reducing his lead. McLaren's Oscar Piastri said he learned a valuable lesson from the 10-second penalty he received at the British Grand Prix and will change his approach during safety car restarts moving forward. The Australian was penalized for erratic braking ahead of a restart at Silverstone, a decision that ultimately cost him the race victory and reduced his championship lead to just eight points at the halfway mark of the Formula One season. The stewards deemed that Piastri had braked abruptly while leading the field behind the safety car, forcing Red Bull's Max Verstappen, running directly behind, to take evasive action and momentarily overtake. The manoeuvre led to a time penalty for Piastri, handing the win to his McLaren teammate Lando Norris. Following the incident, Piastri and his McLaren team reviewed the situation and engaged in discussions with the FIA to gain clarity on the rules surrounding restarts and braking thresholds. 'I looked through it with the team afterwards, and I think there's been a lot of learning on both sides," he explained. 'I still have my feelings about it, I guess, but it's in the past now and I've moved on." Piastri emphasized that although he was frustrated in the immediate aftermath of the race, he now understands the expectations moving forward. 'If it needs to be penalized now, then that's fine. I know that for the future," he said. 'I won't brake as hard next time. It's as simple as that. And I think also now the threshold is a bit clearer on where that stands." The Belgian Grand Prix at Spa-Francorchamps, widely regarded as one of the most iconic and challenging circuits on the calendar, is a personal favorite for the 23-year-old Australian. 'I'd like to win anywhere, but here is a track I've really enjoyed from the first time I came here," Piastri said. 'It's a track that, in my opinion, should be on the calendar every year as long as Formula One exists." Belgium's place on the calendar is currently uncertain beyond 2025, with Formula One rotating venues as part of its long-term scheduling strategy. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
8 hours ago
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MG Cyberster Launched In India, Price Starts At Rs 72.49 Lakh
Last Updated: The electric convertible also includes Level 2 ADAS, driver monitoring, ESC, and Brembo brakes. JSW MG Motor India has officially launched the Cyberster, a premium electric convertible sports car, at a starting price of Rs 72.49 lakh for pre-bookings and Rs 74.99 lakh for new buyers (All prices, ex-showroom). This vehicle was first showcased at the Bharat Mobility Expo and will be sold through exclusive MG Select dealerships. Design With scissor doors, a folding soft-top roof, and sharp LED lights all around, it screams drama and elegance. It rolls on 20-inch alloy wheels wrapped in Pirelli P-Zero tyres, and its aerodynamic design delivers a drag coefficient of just 0.269 Cd – making it as sleek as it looks. Features Inside, the Cyberster features a curved triple-screen layout, with a 10.25-inch touchscreen at the centre and two 7-inch digital driver displays. It also gets dual-zone climate control, steering-mounted paddle shifters, and interiors wrapped in eco-friendly Dinamica suede and vegan leather. Performance The Cyberster comes with a 77 kWh battery pack powering two electric motors – one on each axle – pushing out a jaw-dropping 503 BHP and 725 Nm of torque. It goes from 0 to 100 km/h in just 3.2 seconds, with a range of 580 km (MIDC certified). The Cyberster packs Level 2 ADAS, a Driver Monitoring System, six airbags, ESC, and Brembo brakes that bring it to a stop from 100 km/h in just 33 metres. Colour Options The vehicle is offered in four color options namely Nuclear Yellow with Black Roof, Flare Red with Black Roof, Andes Grey with Red Roof, and Modern Beige with Red Roof. view comments First Published: July 25, 2025, 16:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
