Forvia shares gain as it strikes new supply deals with Xiaomi and BYD: Report

France-based car parts supplier Forvia said on Monday it had struck new deals with BYD and Xiaomi, sending its shares up 10%, Reuters reported.Forvia hopes its new contracts with Chinese manufacturers will help it meet waning auto demand from domestic manufacturers, Newswire reported. It has also struck deals with Chinese auto makers Li Auto and…

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Lopar formed over the Bay of Bengal North Andaman Sea, possibility of heavy rain

A low-pressure region emerged over the east-central Bay of Bengal and adjoining north Andaman Sea early on Monday morning (0530 hours IST) as a result of yesterday’s upper air cyclonic circulation over the North Andaman Sea and the adjacent east-central and southeast Bay of Bengal. It is quite likely to go west-northwestward, strengthening by October…

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Kotak Mahindra Bank Q2 results preview: Net profit expected to flourish 10%

Kotak Mahindra Bank is scheduled to announce its second quarter results on Saturday (October 19). Analysts expect key financial parameters to grow compared to last year.They expect the bank’s net interest income (NII) to reach ₹6,996.9 crore, representing a growth of 11.1% from ₹6,296.6 crore.Profit after tax (PAT) is estimated at ₹3,513 crore, showing a…

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World Food Day is observed by the Agriculture Department in Car and Nicobar

At the Community Hall in Perka Village, the Department of Agriculture, Car Nicobar, recently observed World Food Day with the theme, “Right to Foods for a Better Life and a Better Future!” Local authorities, farmers, and agricultural specialists convened at the event to deliberate on the significance of sustainable practices and food security. The attendees…

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Tata Chemicals reports 46% year-on-year downturn in Q2 net profit

On Thursday (October 17), Tata Chemicals Ltd announced a 46.1% year-on-year (YoY) decline in net profit to ₹267 crore for the second quarter ended September 30, 2024.According to regulatory filings, Tata Chemicals reported a net profit of ₹495 crore in the previous fiscal quarter. The company’s revenue from operations remained stable at ₹3,999 crore compared…

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