Sona Comstar puts proposed joint venture with China’s Jinnaite Machinery on hold. Sona BLW Precision Forgings (Sona Comstar), among the leading automotive technology and components manufacturers, on Monday said that the board has decided to put its proposed joint venture with China’s Jinnaite Machinery Co. Ltd. (JNT) in abeyance. Both companies have agreed to suspend...

Genuine Parts incurred $49 million in after-tax expenses or 36 cents per share, tied to restructuring efforts aimed at streamlining operations. Genuine Parts Co on Tuesday cut its full-year profit forecast on higher restructuring costs and weak demand for auto parts. The company, which missed its third-quarter profit estimate, also disclosed a relationship with First...

Its consolidated net profit, however, declined over 17 per cent year-on-year to ₹705 crore in September quarter compared to ₹853 crore in the second quarter of 2024-25. JSW Energy looks to operationalise its battery assembly plant in Pune, Maharashtra, in the third quarter of this financial year, a company official said. In an investor call,...