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TaMo to bid for 6K e-buses, but rules out any price war

Financial Express Chandigarh

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January 21, 2026

TATA MOTORS WILL participate in the government’s upcoming tender for around 6,000 electric buses but will avoid aggressive bidding, opting instead for a cautious and financially disciplined approach, Managing Director and Chief Executive Officer Girish Wagh told FE.

- NITIN KUMAR

The company is looking to regain lost ground in the segment but does not intend to chase volumes at the cost of long-term viability. “We will bid, but we will not get into a price war,’ Wagh said, stressing that success in the electric bus business depends on far more than simply winning tenders.

MEER VERHALEN VAN Financial Express Chandigarh

Financial Express Chandigarh

Ujjivan SFB profit up 71% to ₹186 crore

UJJIVAN SMALL FINANCE

time to read

1 min

January 23, 2026

Financial Express Chandigarh

IIFL Finance Dec qtr profit rises multifold

IIFL FINANCE, A non-banking financial institution (NBFC) providing gold loans and business loans, on Thursday said its December quarter net profit grew multifold to ₹501 crore as compared to the year-ago period.

time to read

1 min

January 23, 2026

Financial Express Chandigarh

Rupee breaks six-day losing streak, rises 7p to 91.63

THE RUPEE BROKE its six-day declining streak by staging a mild recovery on Thursday, sup- ported by an improvement in risk appetite after US President Donald Trump stepped back from tariff threats against Europe linked to Greenland. The currency gained 7 paise to close at 91.63.

time to read

1 min

January 23, 2026

Financial Express Chandigarh

IndiGo Q3 profit falls 78% on Dec trouble

INTERGLOBE AVIATION, WHICH operates IndiGo, on Thursday reported a sharp fall in its October-December profit after onetime charges linked to widespread flight disruptions in December dragged earnings well below market expectations, even as revenue grew at a modest pace.

time to read

1 min

January 23, 2026

Financial Express Chandigarh

Air India loss in FY26 may cross ₹15K cr

FROM THE FRONT PAGE

time to read

1 min

January 23, 2026

Financial Express Chandigarh

RBI conducts $2-billion-plus foreign exchange swaps to blunt intervention hit

THE RESERVE BANK of India has conducted more than $2 billion in foreign exchange (Fx) swaps over the last two days to offset the drain in liquidity caused by spot dollar sales, bankers said, suggesting a focus on containing currency pressures without exacerbating banking liquidity tightness.

time to read

1 min

January 23, 2026

Financial Express Chandigarh

Battery PLI loses charge

ONLY 2.8% OF TARGETED CAPACITY COMMISSIONED SO FAR

time to read

2 mins

January 23, 2026

Financial Express Chandigarh

Trump Vs Fed: Top court sounds alarm

US SUPREME COURT justices during arguments over President Donald Trump’s bid to fire Federal Reserve Governor Lisa Cook seemed to embrace the idea that the central bank’s independence to set monetary policy must be preserved and that eroding it would present real-world economic risks.

time to read

1 mins

January 23, 2026

Financial Express Chandigarh

Indian Bank net profit rises 7% as provisions fall

INDIAN BANK ON Thursday reported a 7.3% year-on-year rise in its net profit for the December quarter to $3,061 crore, owing to lower provisions and an improvement in the asset quality.

time to read

1 min

January 23, 2026

Financial Express Chandigarh

‘PNB Housing Finance to grow affordable business’

PNB Housing Finance has guided for 3.6%-3.7% net interest margin (NIM) and is confident of maintaining the same, Managing Director Ajai Kumar Shukla tells Kshipra Petkar in an interview.

time to read

2 mins

January 23, 2026

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