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Tata Elxsi announced the signing of a Memorandum of Understanding (MoU) with Synopsys, a leader in silicon to systems design solutions, to collaborate to deliver advanced automotive virtualization solutions. The MoU was signed at the SNUG India 2025 event in Bengaluru by senior leaders from both companies. The collaboration will provide customers pre-verified, integrated solutions and services that make it easy to design and deploy virtual electronic control units (vECUs), a cornerstone technology critical for efficient software development and testing in today's software-defined vehicles. The collaboration brings together Tata Elxsi's engineering capabilities in embedded systems and integration with Synopsys' industry-leading virtualization solutions that are used by more than 50 global automotive OEMs and Tier 1 suppliers to help reduce development complexity and cost, improve quality of software systems, and de-risk vehicle production timelines. Together, the companies are already collaborating on programs with several global customers to enable vECUs, as well as software bring-up, board support package (BSP) integration, and early-stage software validation. These solutions are being deployed across vehicle domains such as powertrain, chassis, body control, gateway, and central compute, helping customers simulate real-world scenarios, validate software early, and reduce reliance on physical prototypes. Through the collaboration, Synopsys and Tata Elxsi will further explore opportunities to scale and accelerate the deployment of electronics digital twins for multi-ECU and application specific systems. Powered by Capital Market - Live

Kotak Mahindra Bank has allotted 69,617 equity shares under ESOS on 11 July 2025. Powered by Capital Market - Live

The facilities will be spread across two locations in Chennai. One will feature an Experience Centre, while the other will host a Service Centre and warehouse. The service center will initially operate with five bays, capable of servicing approximately 450 vehicles per month. Operations are expected to commence in the first week of September 2025. The total investment for the project is estimated at Rs 75 lakh. Naveen Philip, promoter and managing director of Popular Vehicles and Services, stated, 'Through this strategic collaboration, we aim to reinforce Ather's growing presence by establishing a robust service network and delivering an exceptional ownership experience to EV customers. Tamil Nadu is an important market in our efforts to gradually broaden our revenue beyond Kerala, and this initiative supports that direction.' Popular Vehicles and Services is one of the largest authorized dealerships for Maruti Suzuki India (MSIL) vehicles in India. Its subsidiaries and step-down subsidiaries are in the dealership business of Honda Cars India, Jaguar Land Rover India, Tata Motors (Commercial Vehicles) and Daimler India Commercial Vehicles (Bharat Benz), among others. The company reported a consolidated net loss of Rs 13.72 crore in Q4 FY25, compared to a net loss of Rs 20.11 crore in Q4 FY24. Revenue from operations rose marginally to Rs 1,372.36 crore in Q4 FY25, up from Rs 1,363.71 crore in the corresponding quarter of the previous fiscal year. Shares of Popular Vehicles and Services shed 0.44% to Rs 135.10 on the BSE.Powered by Capital Market - Live