Company News

How Vodafone Idea's 5G launch in March could shake up telecom pricing

Vodafone Idea is set to launch 5G services with competitive pricing to challenge Jio and Airtel. It has finalised $3.6 billion worth of contract to enhance 4G network and deploy 5G infrastructure

Karur Vysya Bank's Q3 FY25 business rises 15% to Rs 1.82 trillion

The lender's advances increased by 13.96 per cent Y-o-Y to Rs 82,842 crore, while deposits grew by 15.75 per cent Y-o-Y to Rs 99,155 crore as of the end of December 2024

VFS Capital seeks small finance bank licence from RBI under 'on-tap' scheme

VFS provides loans to individual female members mainly from rural areas in a joint liability group (JLG) with each group consisting of five members

Air India becomes first Indian airline to offer Wi-Fi on domestic flights

In July last year, Vistara became the first Indian airline to provide Wi-Fi services on international flights. Vistara was merged into Air India in November

Global headwinds, tech trends highlighted in CEOs' messages to teams

N Chandrasekaran, chairman, Tata Sons, started his letter describing 2024 as 'another unpredictable year'

Sun Pharma sells entire stake in Japanese arm to Zaza Industrial Holdings

According to a regulatory filing with BSE, the agreement was signed on December 31, 2024, with the transaction expected to be completed by January 31, 2025

Sasan Power makes $150 million bullet payment on debt with IIFCL

"This repayment will bolster Sasan Power's debt coverage metrics, improve liquidity, and enhance its credit rating," the company stated in its press release

Reliance Power's arm Sasan Power pays $150 million debt to UK's IIFCL

According to the company this repayment will bolster Sasan Power's debt coverage metrics, improve liquidity, and enhance its credit rating

CIL arms BCCL, SECL report decline in coal production in Apr-Dec period

While coal production of BCCL dropped by 2.6 per cent, in case of SECL the fossil fuel output declined by 9.4 per cent, Coal India Ltd (CIL) said in a regulatory filing

Small towns' growing desires drove D2C and e-commerce growth in 2024

In 2024, India's Tier-II and -III towns and the hinterland emerged as key growth drivers for e-commerce companies and direct-to-consumer brands, with strong demand for their products and services

China's BYD chalks up new record in EV sales, narrows gap with Tesla

The Shenzhen-based carmaker, which stopped making vehicles entirely powered by fossil fuels in 2022, hit a new monthly sales record in December, spurred on by subsidies

Toyota Kirloskar Motor's December sales increase 29% to 29,529 units

The company said it recorded its best-ever calendar year sales in 2024 at 3,26,329 units. This was higher by 40 per cent as compared to 2,33,346 units sold in 2023

Hero MotoCorp gets additional tax demand of Rs 26.4 cr from I-T dept

The tax officer has made the additions to the reported income to the tune of around Rs 96.5 crore resulting in an additional tax demand of Rs 26.4 crore

Quick commerce will rival e-commerce majors Amazon, Flipkart: Zepto CEO

IPO-headed Zepto reported a 120 per cent increase in operating revenue to Rs 4,454 crore in FY24

Maruti Suzuki reports 30% rise in wholesales at 178,248 units in Dec 2024

Sales of mini cars comprising Alto and S-Presso were higher at 7,418 units last month

Viacom18 now a direct subsidiary of Reliance. CCPS conversion complete

Viacom18 is now a direct subsidiary of Reliance Industries following the conversion of 246.1 million CCPS into equity shares. The move aligns Viacom18 with Reliance's media expansion strategy

Hyundai Motor reports 2.4% decline in sales at 55,078 units in Dec 2024

Exports last month were at 12,870 units, as against 13,700 units in December 2023, down 6.1 per cent

Starting Jan 1, 2025 Air India to offer in-flight Wi-Fi on domestic flights

Starting 1 January 2025, in-flight Wi-Fi services available on all flights operated by Air India's A350, B787-9 and select A321neo aircraft.

Air India to increase global coverage in years ahead: CEO Wilson

He also said the interior refit of the single-aisle fleet, serving domestic and short-haul international destinations, is underway

Mahindra logs 18% jump in Dec car sales to dealers on strong SUV demand

Mahindra, India's second-biggest SUV maker by market share, has remained resilient amid a broader slowdown in car sales