Nandan Mandayam

Bangalore

Correspondent at Reuters

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Articles

Tata Motors reassessing JLR's forecast as US tariffs fan uncertainty

1 day ago | sg.finance.yahoo.com | Nandan Mandayam

Nandan Mandayam Tue, 13 May 2025 at 3:43 am GMT-7 2 min read In this article: By Nandan Mandayam (Reuters) -India's Tata Motors said on Tuesday it was reevaluating its annual profitability target for luxury car brand Jaguar Land Rover (JLR), joining automakers worldwide that have flagged forecast uncertainty due to U.S. tariff changes. Imported cars have been a main focus of U.S. President Donald Trump's global trade war.
Indian e-scooter maker Ather Energy's fourth-quarter loss narrows

2 days ago | dealstreetasia.com | Nandan Mandayam

Indian electric two-wheeler maker Ather Energy reported a narrower fourth-quarter loss on Monday, helped by strong demand for its top-selling ‘Rizta’ family scooters. The company, which made its stock market debut last week, reported a loss of 2.34 billion rupees (about $28 million), compared to a loss of 2.83 billion rupees a year before.
Indian e-scooter maker Ather posts first drop in annual loss on improving demand, margins

2 days ago | marketscreener.com | Nandan Mandayam

(Reuters) -Indian e-scooter maker Ather Energy, founded in 2013, reported a smaller full-year loss for the first time ever on Monday, as strong demand for its 'Rizta' scooter and lower unit costs boosted margins. Ather started selling e-scooters in 2018, becoming a pioneer in the Indian market, but has since fallen behind Ola Electric and legacy rivals, who are better funded and have a wider distribution network.
India agrees on conditional nod for Starlink operations in country: report

5 days ago | timeslive.co.za | Mrinmay Dey |Nandan Mandayam

09 May 2025 - 16:40 Just R20 for the first month. Support independent journalism by subscribing to our digital news package. The SpaceX Falcon 9 rocket carrying Starlink satellites is seen over Sebastian Inlet after launching from Cape Canaveral, Florida, US, on February 26 2025. Starlink has been waiting since 2022 for licenses to operate commercially in India. New Delhi had long-delayed clearances for reasons including national security concerns. File photo.
India's top airline IndiGo cancels 165 flights due to India-Pakistan fighting

1 week ago | zawya.com | Nandan Mandayam

India's top airline IndiGo said on Wednesday it had cancelled 165 flights from 11 locations, including Srinagar in Kashmir, near the country's north-western border with Pakistan. IndiGo, which operates over 2,200 flights daily, is among the worst impacted airlines due to fighting between India and Pakistan. Its shares had fallen as much as 3.1% and were trading 1% lower, as of 1:52 p.m. IST.
Adani aides meet Trump team to push for end to US bribery case, Bloomberg News reports

1 week ago | zawya.com | Bipasha Dey |Nandan Mandayam |Kashish Tandon

Representatives for Indian billionaire Gautam Adani met officials from U.S. President Donald Trump's administration to seek dismissal of criminal charges in an overseas bribery probe, with a resolution possible in a month, Bloomberg News reported. In November, U.S. authorities indicted Adani and his nephew, Sagar Adani, alleging they paid bribes to secure power supply contracts, and misled U.S. investors during fund raises there.
India's Mahindra sees its SUV sales rising up to 19% in financial year 2026

1 week ago | marketscreener.com | Nandan Mandayam |Meenakshi Maidas

(Reuters) -Indian automaker Mahindra & Mahindra expects its sport utility vehicle (SUV) sales to grow by up to 19% in the current financial year, an executive said on Monday, citing strong interest in its combustion engine and new electric models. "We continue to stay positive, given our portfolio and we will look at mid-to-high teens (percentage growth) for SUVs," Rajesh Jejurikar, CEO of Mahindra's automotive and farm businesses, said in a post-earnings press conference.
Ather's $352 million IPO subscribed fully on final day of bidding

2 weeks ago | business-standard.com | Nandan Mandayam

(Reuters) -Indian electric scooter maker Ather Energy's $352 million IPO reached full subscription on the final day of bidding on Wednesday after a slow start in a week where market volatility capped investor interest. The company, which counts top motorcycle maker Hero MotoCorp as its largest shareholder, is seeking a valuation of $1.4 billion through the share sale, India's third-largest this year.
IndusInd Bank CEO quits as accounting lapse triggers management shakeup

2 weeks ago | marketscreener.com | Siddhi Nayak |Nandan Mandayam |Nishit Navin

(Reuters) -Indian private lender IndusInd Bank said on Tuesday CEO Sumant Kathpalia has resigned with immediate effect, marking a management shakeup following a derivatives accounting lapse that has hit the bank's net worth. Kathpalia is the second top executive to resign in two days after his deputy Arun Khurana exited on Monday. A management transition and a wider reshuffle is expected in the bank over the next few days and weeks, according to four sources aware of the development.
印マルチ・スズキ、新型ＥＶ発売と輸出拡大目指し最大10億ドル投資へ | ロイター

2 weeks ago | jp.reuters.com | Meenakshi Maidas |Nandan Mandayam

４月２５日、スズキ子会社でインド自動車最大手のマルチ・スズキは、今年度中に最大９００億ルピー（１０億ドル）を投じて同国北部の既存工場を拡張する方針を発表した。ハリヤナ州の同社工場で２０２３年９月撮影（２０２５年ロｲﾀｰ/Anushree Fadnavis） [２５日ロイター] - スズキ(7269.T), opens new tab子会社でインド自動車最大手のマルチ・スズキ(MRTI.NS), opens new tabは２５日、今年度中に最大９００億ルピー（１０億ドル）を投じて同国北部の既存工場を拡張する方針を発表した。同社初の量産電気自動車（ＥＶ）となるＳＵＶ（スポーツタイプ多目的車）「ｅビターラ」の投入と輸出拡大に備える。同社のバルガバ会長は、決算発表後の電話会議で、９月末までにｅビターラの生産を開始すると明らかにし、「年間生産台数は７万台近くになり、その大半を輸出すると思う」と述べた。今年中に国内のＥＶ生産で首位に立ちたいと考えており、日本と欧州への輸出も予定しているという。ｅビターラで現在、インド同業タタ・モーターズ(TAMO.NS), opens new...