Ashok Leyland turned profit of ₹5.76 crore in Q3
The Hindu
CV sector on recovery path: Hinduja
Ashok Leyland Ltd. (ALL) posted standalone net profit of ₹5.76 crore for the third quarter ended December compared with net loss of ₹19 crore a year earlier. Revenue from operations grew 15% to ₹5,504 crore.
The results included profits from exceptional items of ₹42 crore (impairment in the value of equity investment in subsidiaries ₹4 crore, obligations relating to discontinued products of LCV divisions ₹91 lakh, VRS ₹25.22 crore and profit related to EV, ₹72.15 crore).
“The [commercial vehicle] industry is on a recovery owing to the improvement in the macroeconomic environment and healthy demand from the end-user industries,” said Dheeraj Hinduja, executive chairman. “The MHCV segment is expected to lead the recovery in the coming months riding on the back of growth in core sectors.”
India's manufacturing PMI hit a two-year low in December 2025, reflecting declines in new orders, output, and employment.
Stock markets surge as Sensex rises 158 points to 85,346.79, buoyed by domestic buying and strong performances from key firms.
The rupee rises 6 paise to 89.92 against the dollar, trading in a narrow range amid mixed market conditions.
Shares of Chinese AI chip designer Shanghai Biren Technology more than doubled on their Hong Kong debut on Friday, kicking off the financial hub’s first listing of 2026 with a bang.
Samsung Electronics customers have praised the differentiated competitiveness of its next-generation high-bandwidth memory (HBM) chips, or HBM4
Assam CM warns tea planters of losing incentives if they resist land rights legislation for tea plantation workers.
India's PFRDA permits banks to sponsor pension funds under NPS, enhancing competition and broadening investment options.
Export of technical textiles from India saw a dip in October 2025 because of the high US tariffs on Indian goods
Vodafone Idea faces ₹638 crore GST penalty, plans legal action after recent relief on AGR dues.
December 2025 saw a surge in auto sales in India, with Maruti Suzuki leading 22% YoY growth amidst strong demand.
GST collections rose 6.1% to ₹1.74 lakh crore in December 2025.
The rupee fell 10 paise to close at 89.98 against the U.S. dollar amid foreign fund outflows and weak equities.
ATF prices drop 7.3% while commercial LPG rates rise by ₹111 per cylinder in monthly fuel price revisions.