Mumbai, April 14 (IANS) Eimco Elecon (India) Limited on Tuesday reported a 57.22 per cent decline in its fourth-quarter profit (Q4) for FY26.The Gujarat-based mining and construction equipment manufacturer posted a profit of Rs 6.36 crore for the quarter ended March 31 (Q4 FY26), compared to Rs 14.87 crore in the same period previous financial year (Q4 FY25).Profit before tax also fell significantly by 54.55 per cent year-on-year to Rs 8.94 crore, according to its stock exchange filing.Despite t…
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New Delhi, April 6 (IANS) The Indian auto retail industry delivered an all-time high of 2,96,71,064 units in FY26 with a broad-based 13.30 per cent growth (year-on-year), that saw five of six vehicle categories set new annual records, data released by the Federation of Automobile Dealers Associations (FADA) said on Monday.This represents the domestic auto industry approaching the 3-crore mark in a financial year, a milestone that would have seemed distant just two years ago. “What makes this y…
New Delhi, Feb 2 (IANS) The Budget for 2026-27 is a significant step toward making India a global hub for innovation and advanced manufacturing with global competitiveness as the lynchpin, says Challa Sreenivasulu Setty, Chairman, State Bank of India.The Budget maintains policy continuity, tax predictability while attempting a fine balance between rural and urban, legacy and sunrise sectors.”This year’s Budget has both predictable and futuristic elements. The predictable part is the basic stru…
New Delhi, Jan 9 (IANS) India’s automobile industry delivered a strong performance with passenger volumes up 20 per cent YoY in the October–December 2025 quarter, driven by GST reforms, a pickup in rural demand, and sustained festive momentum, a report said on Friday.Financial services firm PL Capital said in a report that improved affordability, easier financing, and recovering consumer sentiment supported broad‑based volume growth across passenger vehicles, two‑wheelers, and commercial…