MAM
CNBC India to organise Auto Evolution 2002
MUMBAI: CNBC India, in partnership with TVS, Nippon and Shriram Piston will organise a high – powered forum for the automobile industry. The CNBC Auto Evolution 2002 will be held on 26 November at The Taj Mansingh Hotel, New Delhi.
The forum will address all automobile manufacturers from passenger cars to two-wheelers to heavy vehicles and all allied businesses from ancillaries to auto finance to distribution channels. The session will focus on Growth: India & Beyond with a special emphasis on cost competitiveness.
CNBC India believes that the automobile industry is currently witnessing fundamental changes in the competitive landscape. Both the auto companies and ancillary majors are tapping and accessing new markets around the world.
The CNBC India Auto Evolution will seek to find answers to challenges in the form of searching questions such as – whether the industry will continue to dismantle old structures and remodel itself as it gears up to make the big leap? What would be the major growth drivers in the future? How will the roles of the allied industries evolve? Will they pull in different and new directions? How will Indian auto majors become more cost competitive and defend their position in the domestic market? And finally, what will drive market growth?
CNBC India Auto Evolution will be in the form of a panel discussion led forum, which will encourage interactions among participants. The forum will be led by a panel including President, Hyundai Motor India BVR Subbu, CEO, Eicher Motors S Sandilya, Executive VP-TVS Motor PC Mathew, MD Reva Electric Car Company Chetan Maini.
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Alphabet Q1 profit jumps 81 per cent as revenue climbs to $109.9 billion
AI-led growth fuels strong gains across Search, Cloud and YouTube
CALIFORNIA: Alphabet Inc. kicked off 2026 with a strong first quarter, reporting an 81 per cent surge in net income to $62.58 billion, powered by robust growth across its core businesses and a sharp acceleration in cloud and AI-driven services.
Revenue rose 22 per cent year-on-year to $109.9 billion, or 19 per cent in constant currency, marking the company’s 11th consecutive quarter of double-digit growth. Operating income increased 30 per cent to $39.7 billion, while operating margin expanded to 36.1 per cent from 34 per cent a year earlier.
Diluted earnings per share climbed 82 per cent to $5.11, reflecting both operational strength and a significant boost from other income, which stood at $37.7 billion, largely driven by unrealised gains on equity investments.
Alphabet Inc. CEO Sundar Pichai said, “2026 is off to a terrific start. Our AI investments and full stack approach are lighting up every part of the business.”
The company’s core Google Services segment generated $89.6 billion in revenue, up 16 per cent year-on-year. Growth was led by a 19 per cent increase in Search and other revenues to $60.4 billion, a 19 per cent rise in subscriptions, platforms and devices to $12.38 billion, and an 11 per cent growth in YouTube ads to $9.88 billion.
Cloud emerged as the standout performer. Google Cloud Platform revenues jumped 63 per cent to $20.03 billion, with operating income rising sharply to $6.6 billion from $2.18 billion a year earlier. The growth was driven by enterprise demand for AI infrastructure and solutions.
Pichai highlighted strong traction in AI, noting that the company’s Gemini models are now processing more than 16 billion tokens per minute, up 60 per cent from the previous quarter. Paid subscriptions across services reached 350 million, while Gemini Enterprise saw a 40 per cent quarter-on-quarter rise in paid monthly active users.
The company also reported that Waymo has crossed 500,000 fully autonomous rides per week, signalling growing momentum in its Other Bets segment, though the unit continued to post a loss of $2.1 billion.
Total costs and expenses increased to $70.2 billion, reflecting higher investments in research, AI infrastructure and talent. Headcount rose to 194,668 employees, up from 185,719 a year earlier.
Alphabet also strengthened its capital strategy, issuing $31.1 billion in senior unsecured notes during the quarter and announcing a 5 per cent increase in its dividend to $0.22 per share, payable in June 2026.
With AI at the centre of its growth engine and cloud demand surging, Alphabet appears to be scaling both innovation and profitability. As its core businesses remain resilient and newer bets gain traction, the company is positioning itself strongly for the next phase of digital and AI-led expansion.
