Ather narrows Q1 losses; VinFast to make in India
Ather narrows Q1 losses; VinFast to make in India
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EVs and logistics: Ather, Delhivery ride market optimism
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The May-listed EV maker also grabbed more market share, touching 16.3% in July and closing in on Ola Electric's 17.9%. Its Rizta scooter lineup has broadened its appeal among urban riders.
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CEO Sahil Barua said the Rs 300-crore Ecom Express acquisition would likely start showing in Q2, likely lifting its third-party logistics market share by 25%.
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VinFast opens India plant, eyes regional expansion
Details:
The facility starts with an annual capacity of 50,000 EVs, which can be scaled to 150,000.
Production kicks off this month, with models designed for Indian roads and export markets.
The company has also opened its first showroom in Chennai, and is racing to launch 35 dealerships across 27 cities by the end of the year.
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HCLTech's Vijayakumar is top-paid IT CEO
Other CEO salaries:
Infosys' Salil Parekh: Rs 80.6 crore
Rs 80.6 crore Tech Mahindra's Mohit Joshi: Rs 53.9 crore
Rs 53.9 crore Wipro's Srinivas Pallia: Rs 53.6 crore
Rs 53.6 crore
TCS' K Krithivasan: Rs 26.5 crore
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Big picture:
SEO meets AI: Brands shift to GEO for visibility
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Brand impact:
MyMuse says its mentions on ChatGPT are rising 10% month-on-month.
Kerala Ayurveda reports a 2.5x jump in traffic from ChatGPT in just two months.
Visibility without clarity:
Kaynes looks to open Rs 4,995 crore components making unit in Tamil Nadu
Details:
But, why:
This marks Tamil Nadu's first large-scale foray into PCB manufacturing, a key step in climbing the electronics value chain.
The state is betting on Thoothukudi to emerge as a hub for component production, buoyed by the Centre's new electronics component manufacturing scheme.
Electric scooter maker Ather clocked a 79% jump in revenue for the April-June quarter. This and more in today's ETtech Top 5.■ What IT CEOs got paid in FY25■ Brands go from SEO to GEO■ Kaynes' new Rs 5K-crore facility in TNAther Energy and Delhivery rode a wave of investor optimism after upbeat Q1 results, even as the profitability question still hangs over both.Ather delivered a 79% year-on-year revenue jump to Rs 645 crore in Q1 FY26, with losses narrowing slightly to Rs 178 crore. Total expenses climbed 54%, but the company managed to cut employee costs by 37% to Rs 119 crore, signalling tighter post-IPO discipline.Logistics player Delhivery reported a 68.5% surge in net profit to Rs 91 crore, sending its stock up 5% to Rs 451.60. Revenue inched up 5.6% YoY to Rs 2,294 crore, while express parcel volumes grew 14% to 208 million shipments.Both companies operate in cash-hungry sectors where investors demand visible paths to profitability. For now, markets are rewarding growth coupled with operational restraint—a signal that disciplined expansion is buying both players time to prove their models.Vietnam's VinFast has switched gears in India, inaugurating its first EV plant in Tamil Nadu as part of a $2 billion regional push.After slow traction in the US and Europe, VinFast is betting on Asia's faster growth curve. New plants are coming up in Indonesia, while Thailand and the Philippines are next on its expansion map.Vinfast's entry follows Tesla's long-delayed arrival , with a 4,000-square-foot showroom in Mumbai's Bandra Kurla Complex. Tesla will sell China-made Model Y crossovers at over $56,000 before taxes and insurance. With Chinese brands such as BYD facing regulatory headwinds, VinFast benefits from a clearer path as one of the first new Asian entrants in the market.ETtech Top 5 and Morning Dispatch are must-reads for India's tech and business leaders, including startup founders, investors, policy makers, industry insiders and employees.Interested? Reach out to us at spotlightpartner@timesinternet.in to explore sponsorship opportunities.HCLTech's C Vijayakumar was the highest-paid Indian IT CEO in FY25, with a remuneration of $10.85 million (Rs 94.6 crore). The board has approved a 71% increase for FY26, bringing it to $18.6 million.Despite a slower pace of tech spending, IT firms are maintaining competitive executive pay. Continuity in leadership remains a priority amidst shifts in demand.As more users turn to AI assistants like ChatGPT and Gemini for answers, brands are rethinking how they get discovered. Enter generative engine optimisation (GEO), the next frontier after traditional search engine optimisation (SEO).Unlike keyword-led SEO, GEO is all about prompt-driven discovery. Startups such as Asva AI and Siftly now help brands craft content that AI tools are more likely to cite in responses.The results are slowly starting to show.AI platforms reveal very little about clicks or rankings, making it tricky to measure performance. Yet, early adopters insist that appearing in AI-generated answers is becoming essential, especially as Google's AI Overviews now draws over 2 billion monthly users . For brands, GEO could soon be as fundamental as SEO ever was.Kaynes Circuits India is gearing up to invest Rs 4,995 crore in a cutting-edge electronic component manufacturing facility in Toothukudi, Tamil Nadu.The plant will roll out 74-layer and high-density interconnect printed circuit boards (HDI PCBs), flexible PCBs, high-performance laminates, camera modules and wire harness assemblies, sources told us."Like Tamil Nadu brought VinFast for the auto sector to Thoothukudi , Kaynes' new unit is going to be an anchor investment that will help with the establishment of a new electronics manufacturing cluster in the deep South," one of the sources cited above said.
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Hindustan Times
20 minutes ago
- Hindustan Times
Sukoon and Shukoor: Bhendi Bazaar's revival pushes forward
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Hindustan Times
20 minutes ago
- Hindustan Times
238 AC locals, automatic closed door non-AC coaches, new terminuses
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India.com
20 minutes ago
- India.com
India launches sharp counterattack on US after tariff threat, calls Trump's criticism 'Unreasonable', slams US-EU hypocrisy over…
कनाडा में G7 समिट से इतर प्रधानमंत्री मोदी और अमेरिकी राष्ट्रपति ट्रंप की मुलाकात होनी थी. New Delhi: Hours after US President Donald Trump asserted that Washington will substantially raise tariffs on goods from India over its energy ties with Russia, India on Monday launched a sharp counterattack on the United States and the European Union for their 'unjustified and unreasonable' targeting of New Delhi. The Modi government firmly rejected the criticism and pointed out the double standards in targeting it on the issue. New Delhi also said that both the US and the EU are continuing their trade relations with Russia. 'Unlike our case, such trade is not even a vital national compulsion,' the Ministry of External Affairs (MEA) said. The Europe-Russia trade includes not just energy, but also fertilizers, mining products, chemicals, iron and steel, and machinery and transport equipment, the MEA said in a late-evening statement. 'Where the US is concerned, it continues to import from Russia uranium hexafluoride for its nuclear industry, palladium for its EV industry, fertilizers as well as chemicals,' it added. 'In this background, the targeting of India is unjustified and unreasonable. Like any major economy, India will take all necessary measures to safeguard its national interests and economic security,' the MEA said. It said India has been 'targeted' by the US and the EU for importing oil from Russia after the commencement of the Ukraine conflict. In fact, India began importing from Russia because traditional supplies were diverted to Europe after the outbreak of the conflict, it said. 'The US at that time actively encouraged such imports by India for strengthening global energy markets stability,' the MEA said, adding India's imports are meant to ensure predictable and affordable energy costs to the Indian consumers. 'They are a necessity compelled by global market situation. However, it is revealing that the very nations criticizing India are themselves indulging in trade with Russia,' it said. The MEA noted that the European Union in 2024 had a bilateral trade of Euro 67.5 billion in goods with Russia. 'In addition, it had trade in services estimated at Euro 17.2 billion in 2023. This is significantly more than India's total trade with Russia that year or subsequently. 'European imports of LNG in 2024, in fact, reached a record 16.5mn tonnes, surpassing the last record of 15.21mn tonnes in 2022,' it added. US will substantially raise tariffs on India: Donald Trump Earlier, US President Trump said his administration will substantially raise tariffs on India. 'India is not only buying massive amounts of Russian oil, they are then, for much of the oil purchased, selling it on the open market for big profits,' he said in a social media post. 'They don't care how many people in Ukraine are being killed by the Russian War Machine,' he said.
