Vistara Anticipates Air India Merger Legal Nod by Mid-2024

Tata Motors Group Reports Global Wholesales of 2,99,664 Units in Q1 FY26

Tata Motors Group today reported global wholesales of 2,99,664 units for the first quarter of FY26 (April–June 2025), marking a 9 per cent year-on-year decline compared to Q1 FY25. The figure includes sales from Jaguar Land Rover (JLR).Commercial Vehicles: Global wholesales of Tata Motors’ commercial vehicles, including Tata Daewoo products, stood at 87,569 units, down 6 per cent from the same period last year.Passenger Vehicles (Tata): Tata Motors’ global passenger vehicle wholesales reached 1,24,809 units, reflecting a 10 per cent decline year-on-year.Jaguar Land Rover: JLR’s global ..

PROSTARM to Set Up 1.2 GWh BESS Manufacturing Facility in Haryana

Prostarm Info Systems, a key player in power electronics and critical power infrastructure, has announced plans to establish its first Battery Energy Storage System (BESS) manufacturing facility at Reliance MET City, Jhajjar, Haryana. This strategic expansion marks the company’s entry into the fast-growing BESS market, aligning with India’s renewable energy transition.The facility will be developed on a 3,912.15 sq. metre land parcel under a nine-year lease (May 2025–April 2034), and includes a 34,000 sq ft covered shed. The total capital expenditure for the project is estimated at Rs 25..

MCX Launches Electricity Futures to Broaden Commodities Portfolio

Multi Commodity Exchange of India (MCX), India’s leading commodity derivatives exchange and the world’s largest commodity options exchange (FIA, 2024), has announced the launch of its Electricity Futures Contract, effective Thursday, 10 July 2025. The launch follows SEBI’s approval granted in June 2025 and marks a key milestone in India’s energy derivatives landscape.With electricity demand rising and price volatility influenced by seasonal trends, fuel costs, and market fluctuations, the new contract is designed to offer a robust risk management tool to power producers, distribution c..