SCHNEIDER ELECTRIC PRESIDENT SYSTEMS LTD Q4 RESULTS
China's BYD to produce all EVs for Europe locally by 2028, executive says
BYD, China's leading automaker, plans to manufacture EVs locally in Europe within three years to circumvent EU tariffs, with plug-in hybrids expected to lead European sales in the near term. The company is establishing factories in Hungary and Turkey.
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.
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.
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.
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.
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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.
UPSC ESE 2025 mains result declared: Steps to download and what next for students
The UPSC announced the Engineering Services Examination (ESE) 2025 mains results on September 4, accessible on upsc.gov.in. Qualified candidates must update educational details within 15 days via the OTR module. The mains exam was held on August 10, following the preliminary exam on June 8. Those who cleared the mains will appear for the interview.
Lucid shares jump as it secures $300 million investment from Uber for next-gen robotaxi fleet
Lucid Group and Uber have finalized a deal. Uber invests $300 million in Lucid. They will develop autonomous robotaxis. Lucid will manufacture the vehicles. These vehicles will use Nuro’s self-driving system. Uber will deploy them on its network. Service is scheduled to launch in 2026. Uber plans to deploy 20,000 vehicles.
Is the US losing manufacturing jobs? Why Trump’s tariff gamble failed to deliver the promised factory boom
U.S. labor market stumbled in August, adding just 22,000 jobs — far below economists’ expectations of 75,000. The unemployment rate climbed to 4.3%, its highest level in nearly four years. Among the hardest-hit sectors: manufacturing, which shed 12,000 jobs in a single month.
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.
SpiceJet Q1 Results: Airline slips into red with Rs 234 crore YoY loss, revenue falls 36%
SpiceJet faced a setback in the first quarter of fiscal year 2025. The budget carrier announced a consolidated net loss of Rupees 234 crore. This contrasts with a net profit of Rupees 158 crore in the same period last year. Revenue from operations also declined significantly. It fell by 36 percent year-on-year, reaching Rupees 1,060 crore.
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.
‘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.
GST overhaul lifts new-age stocks PB Fintech, Nykaa, FirstCry
The new regime has abolished tax on individual life and health insurance products sold by companies such as LIC, SBI Life Insurance and ICICI Prudential Life Insurance. This move is likely to boost premiums and customer adoption of such products.
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.
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.
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.
ADIA exits One MobiKwik Systems; sells entire 2.1% stake for Rs 39 crore
Abu Dhabi Investment Authority (ADIA) on Monday exited One MobiKwik Systems by divesting its entire 2.10 per cent stake in the fintech firm for Rs 39 crore through an open market transaction.
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.
Donald Trump's United States vs Russia, China, India, North Korea -- five points that show new Global Order is rising
President Xi Jinping was hosting more than 20 leaders of non-Western countries at a summit in the Chinese port city of Tianjin for the Shanghai Cooperation Organisation.
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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