SCHNEIDER ELECTRIC PRESIDENT SYSTEMS LTD Q3 RESULTS
Audi India cuts car prices by up to ₹7.8 lakh following GST 2.0 reforms; check changes for each model here
Audi India has reduced prices across its models by Rs 2.6–7.8 lakh, passing on GST 2.0 benefits. The Q3 now starts at Rs 43.07 lakh, while the Q8 begins at Rs 1.1 crore. Prices of Q5, Q7, A4, and A6 are also lower. Audi said the move makes its cars more accessible before the festive season.
Verizon’s $22 million relief fund offers Americans $800+ checks — here’s how to claim yours
Verizon has started a big debt relief fund with ForgiveCo to help veterans in need. The program is giving out checks worth more than $800 on average. Verizon is also working with sports teams to spread the message. The company says this is a way to honor veterans and support their communities.
France political crisis: Is country about to go bankrupt due to Donald Trump tariffs? Factors that have impacted Europe's 2nd largest economy
France's economy, the second largest in Europe after Germany's, appears strong at first glance. Before President Donald Trump's tariff war, growth was slow but steady and employment was picking up.
SpiceJet shares fall 5% after airline reports Rs 234 crore net loss in Q1FY26
SpiceJet Share Price: SpiceJet reported a net loss of Rupees 234 crore in the first quarter of fiscal year 2026. This is a reversal from last year's profit. Revenue also declined significantly. Geopolitical issues and aircraft delays impacted performance. Passenger revenue and load factor remained relatively stable. The airline's net worth improved due to financial restructuring.
Interstellar Object 3I/ATLAS: Four Telescopes unveil strange features and findings — all about the new scientific puzzle
Astronomers around the globe are closely tracking a rare interstellar visitor: object 3I/ATLAS. First spotted in early July as it raced toward the Sun from deep space, it marks only the third interstellar body ever recorded, after ʻOumuamua in 2017 and Comet Borisov in 2019.
US Stock market's worst performing month in past 35 years September is here. Top Stocks to pivotal factors - all you need to know
Tesla rose 3.6 per cent after proposing a payout package that could reach $1 trillion for its CEO, Elon Musk, if the electric vehicle company meets a series of extremely aggressive targets over the next 10 years.
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Inside the Hyundai raid: A monthslong probe that shook Georgia’s EV ambitions
A massive immigration raid at the Hyundai-LG battery plant in Georgia detained over 475 individuals, including South Korean nationals, halting construction and sparking economic and diplomatic repercussions. The action, targeting alleged visa violations and unlawful hiring, has raised concerns about U.S. visa restrictions and their impact on foreign investment in the EV sector.
Ola Electric auditor flags internal controls at subsidiary
Ola Electric Technologies, the operating subsidiary of Ola Electric Mobility, is seen as having the deficiency. The “material weakness” in internal controls was flagged by BSR & Co. LLP, the statutory auditor for both companies, in Ola Electric’s annual report for FY25.
Ola Electric auditor raises alarm; Urban Company's pre-IPO deal
Ola Electric's auditor draws attention to missing internal controls at a key subsidiary. This and more in today's ETtech Top 5.
Ola Electric shares decline 4% as SoftBank trims stake to 15.68% in 2 months
SoftBank reduced its stake in Ola Electric, joining other investors like Tiger Global and Hyundai in trimming holdings. Despite this, Ola Electric secured PLI scheme certification, potentially easing financial pressures. The company reported lower revenue and increased losses in Q1, attributed to heightened competition and weaker demand, with shares closing down 6.3%.
NTPC shares in focus after Tanda Thermal Power Station Stage-I shutdown
NTPC shares are set to be in focus after the state-run power producer announced the permanent closure of its Tanda Thermal Power Station, Stage I, effective September 1. The facility comprised four units of 110 MW each. The shutdown, approved by the competent authority and communicated to the CEA, aligns with NTPC’s ongoing portfolio optimisation strategy.
SoftBank pares stake in Ola Electric to 15.7%
Masayoshi Son-led SoftBank Group is the second-largest shareholder in the Bengaluru-based electric scooter maker after founder Bhavish Aggarwal. The price at which the shares were sold was not disclosed.
‘India and China are creating alternative payment systems now — that could be a powerful geoeconomic challenge to the US’
Matteo Maggiori explains geoeconomics as powerful nations leveraging trade and finance for influence, citing tools like export controls and sanctions. He highlights the financial sector and semiconductor supply chains as key arenas, noting China and India's efforts to create alternative systems to challenge US dominance. Overuse of geoeconomic power risks fragmentation and the rise of multipolar world.
Ola Electric shares plunge 8% as Govt slashes GST on two-wheelers with up to 350 cc capacity
Ola Electric shares slumped nearly 8% to Rs 63.71 after the government slashed GST on two-wheelers up to 350cc to 18% from 28%. The move, aimed at boosting ICE vehicle sales, raised concerns over electric two-wheeler demand, sparking heavy trading volumes.
Multibillion-dollar deals fuel pickup in India's mergers & acquisitions activity
Mergers and acquisitions in India are increasing. Cross-border deals and private equity funds are driving this growth. M&A volume has reached nearly $41 billion in 2025. Several major acquisitions have occurred recently, including Tata Motors' acquisition of Iveco Group's business. Private equity activity is at its highest. Local players are also increasingly active in M&A.
Adani Green, Waaree Energies and other renewable energy stocks in focus as GST cut to 5% from 12%
Renewable energy stocks like Adani Green, Tata Power, NTPC, and Waaree Energies in focus after the GST Council cut tax on solar, wind, biogas, and other clean energy devices and parts to 5% from 12%, lowering costs for developers and boosting green transition.
The govt wants you to fall in love with hatchbacks again
The Goods and Services Tax (GST) Council has approved a revised tax structure for the automobile sector. Tax rate for bigger cars is now 40%. Levies on smaller cars and motorcycles up to 350cc are reduced to 18%. This decision comes as Sports Utility Vehicle (SUV) sales experience their first decline in over five years.
Rooftop solar can deliver significant electricity cost savings for 3.3 lakh Indian SMEs: Study
A study by WRI India highlights the need for SME clusters to adopt rooftop solar solutions to reduce high electricity bills.
Nestle's new CEO faces full plate of problems
Nestle abruptly appointed Philipp Navratil as CEO, succeeding Laurent Freixe, who was dismissed for violating the company's code of conduct. Navratil, a Nestle veteran, faces the challenge of reversing a share price decline and boosting sales amid economic headwinds. Investors are watching to see if he can bring stability and fresh ideas to the company.
Bitcoin mining costs $1,300 in Iran, but a whopping $306,000 in Italy - here's the full list
Bitcoin mining costs are very different across countries. In some places it is very cheap, while in others it is very costly. The price of electricity decides how much it costs to make one Bitcoin. This gap shows why mining is easy in some nations and almost impossible in others.
Laurent Freixe fired: Nestle veteran exits company after nearly 40 years with millions in hand. Check his net worth
Nestlé fired CEO Laurent Freixe for not disclosing his relationship with a subordinate, an incident found to be in breach of the company’s code of business conduct. Freixe had taken over as CEO in September last year after the ouster of Mark Schneider. Laurent Freixe became Executive Vice President and Zone Director for Europe in 2008, and later took charge of Nestlé’s Americas business in 2014
26 MoUs worth Rs 7,020 crore signed during Germany visit, will generate over 15,000 jobs: TN CM Stalin
During his visit to Germany, Tamil Nadu Chief Minister MK Stalin secured 26 MoUs worth Rs 7,020 crore, expected to generate over 15,000 jobs in the state. Key agreements were signed with companies like Knorr-Bremse, Nordex Group, and ebm-papst, focusing on sectors like railway components, renewable energy, and electric motors.
Nestle CEO Laurent Freixe who has been sacked over affair with colleague denies having romantic relationship with subordinate
Nestle's sacked CEO Laurent Freixe is a company veteran and took over the CEO role exactly one year ago after Nestle ousted his predecessor Mark Schneider.
Nestle CEO Laurent Freixe sacked over romantic relationship with colleague
Nestle CEO Laurent Freixe has been sacked by Swiss food giant. The company has appointed Philipp Navratil as the new Chief Executive Officer.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian markets rebounded on Monday after three sessions of losses, driven by stronger-than-expected 7.8% GDP growth and relief from a U.S. court ruling on Trump’s tariffs. Analysts highlighted optimism in autos and consumer durables but cautioned on GST and borrowing risks.
Jessica Aber cause of death: Ex-Attorney who resigned on Donald Trump's Inauguration Day dies of epilepsy? Check symptoms, treatment
Jessica Aber made headlines for handling high-profile cases before her death at 43 earlier this year.
ADIA exits One MobiKwik Systems; sells entire 2.1% stake for Rs 39 crore
According to the bulk deal data available on the NSE, ADIA offloaded a little over 16.44 lakh equity shares, representing a 2.10% stake in Gurugram-based One MobiKwik Systems.
After plumbing lows, Ola gets a full charge on D-Street; stock jumps 31% in August
Ola Electric shares surged nearly 31% in August, marking their best monthly performance since listing, fueled by optimism surrounding government production-linked incentives and renewed institutional investor interest. The company's PLI certification for its Gen-3 scooters is expected to boost profitability, reviving investor confidence.
Canada Q2 growth shrinks for first time in 2 years as U.S. tariffs bite — is a recession ahead or can household spending bring relief?
Canada economy shrinks in Q2 2025 as U.S. tariffs hit exports harder than expected, pushing GDP down 0.4%. While auto and machinery exports tumbled, Canadians kept spending more on housing, food, and new vehicles, showing the domestic economy is still holding firm.
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