Wednesday, October 14
Mumbai: Tata Motors’ electric vehicle business posted a positive operating margin before depreciation and amortisation (Ebitda margin) last fiscal year, ranking among a handful of EV makers globally to achieve this, the Mumbai-based auto maker claimed in its latest annual report.The improved performance was supported by increased localisation, aggressive cost cuts, and productivity linked incentive (PLI) benefits, with the latter totalling Rs 527 crore. It Includes PLI incentives of Rs 385 crore for the financial year 2025 and payment of Rs 142 crore as incentives for the financial year 2024. This was even as Tata Motors’ EV sales declined while its market share slipped amid heightened competition from companies such as MG Motor and Mahindra & Mahindra.121398898 India’s EV market
"It Was Just an Accident" by dissident Iranian director Jafar Panahi won the Palme d'Or for best film at the Cannes Festival on Saturday.The highly political but wry film tells the tale of five ordinary Iranians confronted with a man they believed tortured them in jail. Panahi, who has been imprisoned twice in his home country and banned from making films, used his acceptance speech to urge Iranians to work towards freedom."I believe this is the moment to call on all people, all Iranians, with all their differing opinions, wherever they are in the world -- in Iran or abroad -- to allow me to ask for one thing," Panahi said, according to a translation. "Let's set aside all problems, all differences. What matters most right now is our country and the freedom of our country."Brazil's Wagner
