Company News

IndiGo exploring option to advance the induction of wide body planes

Airline in talks with Norse Atlantic Airways to lease 6 B787 aircraft

IndiGo expects to carry 112 million passengers in 2024: CEO Pieter Elbers

India is one of the world's fastest-growing civil aviation markets and IndiGo, which has a domestic market share of 63.6 per cent, is also expanding its international network

Ola marks 4,000-store milestone with tier-3 town EV network expansion

The electric vehicle company said it is committed to driving large-scale EV adoption enabling deeper penetration beyond tier-1 and tier-2 cities to almost every town and tehsil across India

GoMechanic eyeing threefold growth to Rs 700 cr by 2027 before IPO launch

GoMechanic Co-Founder and CEO Himanshu Arora told PTI that the company at present has around 3 per cent market share and aims to raise it to 10 per cent in the next three years

Hisense in talks with contract manufacturer Epack to pick minority stake

Greater Noida-based company further said it will file the requisite disclosure in compliance with applicable laws when required

Ola Electric adds 3,200 new outlets to improve after-sales service

Ola Electric grows its network to 4,000 showrooms and service centres following consumer complaints and social media backlash on product quality and after-sales service

Toyota global production down for 10th month despite rising sales

The world's biggest automaker manufactured 869,230 vehicles globally in November, down 6.2 per cent from the same month last year

AB Capital infuse Rs 23 crore into health insurance arm via rights issue

The standalone health insurance company is an associate of Aditya Birla Capital and with this acquisition of the shares through rights issue

IOC to invest Rs 61,000 crore for naphtha cracker project in Odisha

The decisions were taken at a meeting between Chief Minister Mohan Charan Majhi and IOCL Chairman AS Sahney in Bhubaneswar

Xerox to buy printer maker Lexmark from Asian investors in $1.5 bn deal

Lexmark, spun off in 1991 by International Business Machines Corp., is already a partner and supplier to Xerox

Action likely against AbbVie executive who signed self-declaration

Pharma cos and docs say medical conferences have declined since March after UCPMP was notified

NFRA slaps a penalty of Rs 2 crore on Deloitte Haskins for ZEEL audit

NFRA found that ZEEL had misappropriated its money and made unauthorised transactions with related parties without the approval of the audit committee, the board, and shareholders

Shift and diverge: Why mergers of carmakers like Honda-Nissan often crash

Combining two large, global manufacturing operations is an incredibly difficult feat that involves reconciling different technologies, models, and approaches to doing business

NFRA flags deficiencies in BSR & Co's audit of related party transactions

In a 13-page inspection report, NFRA found lapses related to auditing standards and compliance with the Companies Act 2013

MultiPlan Corp signs agreement with creditors to refinance $4.5 bn debt

Holders of about 78 per cent of various bonds and term loans have agreed to the deal, which targets debt due between 2026 and 2028

Samsung plans comeback in AC segment, to launch over a dozen models

The company is planning to launch over a dozen models of inverter ACs for its 2025 lineup in the next few weeks, expanding the total number of stock-keeping units (SKUs) to 15-16

Dabur sues Patanjali Ayurved over 'disparaging' Chyawanprash advertisement

The lawsuit alleges that an advertisement featuring Patanjali Ayurved founder Baba Ramdev falsely claims that only Patanjali's Chyawanprash is 'original'

V2 Retail aims for Rs 2,800 crore revenue; 250 stores in two years

The company is set to close FY24 with a revenue of Rs 1,800 crore up from Rs 1,150 crore in FY24

DGCA slaps Akasa Air with Rs 10 lakh penalty over boarding denial

This is not the airline's first run-in with the regulator. In October, the DGCA imposed a Rs 30 lakh fine on Akasa Air for lapses in pilot training

BPCL clears decks for Rs 95k cr Ramayapatnam refinery in Andhra Pradesh

The refinery was a commitment made in the Andhra Pradesh Reorganisation Act 2014