Company News

ONGC, RIL to share resources for deepwater operations on East Coast

The companies would share onshore and offshore processing facilities, drilling rigs, marine vessels, power, pipelines, logging and well services, among other resources

Amazon's global layoffs likely to impact nearly 500-700 jobs in India

Amazon has announced yet another round of layoffs. This time, the company is gearing up to lay off around 16,000 employees globally

Vi announces strategic reset, to invest ₹45,000 cr over next three years

KM Birla says AGR overhang resolution a turning point for telco's revival

ED attaches ₹1,800 crore fresh assets of Reliance Group companies

With the latest action, the total value of attachment by the federal probe agency in the case now stands at about Rs 12,000 crore.

Google announces ₹85 crore grant to bring AI into Indian classrooms

Google pledges Rs 85 crore to Wadhwani AI to boost AI in education, support 75M students, and launch India's first AI-enabled university at CCSU

Pramerica Life Insurance reaches out to multiple insurers for stake sale

Promoters of Pramerica Life Insurance are in talks with multiple insurers to sell their entire stake, amid losses and constraints on fresh capital infusion

HAL aims for 25% civil aviation revenue share in 10 years, says CMD

HAL plans to lift civil aviation's share of revenue to 25% in a decade, banking on Dhruv NG helicopters, SJ-100 regional jets and H-228 aircraft sales

GST-led rebound drives Maruti Suzuki's highest-ever quarterly revenue

PAT grows 4% YoY impacted by one-time provision of ₹593 cr on account of the New Labour Codes

Peninsula Land banks on plotted development for next phase of growth

Peninsula Land launches Peninsula Estates to tap rising demand for plotted developments, with new projects planned in Karjat and Alibaug near Mumbai

TVS Supply Chain Solutions acquires Swamy & Sons 3PL for ₹88 crore

TVS Supply Chain Solutions strengthens its FMCG logistics play with the ₹88 crore acquisition of Hyderabad-based Swamy & Sons 3PL

Strong order book, execution key triggers for CG Power stock ahead

CG Power shares surged nearly 10% as strong Q3 results, a robust ₹15,750-crore order book and EU market access boosted investor confidence

Axis Max Life, Max Financial boards give in-principle nod to amalgamation

Axis Max Life Insurance and Max Financial Services boards have given in-principle approval for their amalgamation, subject to regulatory and shareholder clearances

Amazon plans to cut 16,000 jobs globally amid AI-driven restructuring

Amazon said US-based employees affected by the job cuts would be given 90 days to seek alternative internal roles, along with severance pay and transition support

IndiGo to add one plane weekly for 10 years, target 40% intl capacity: CEO

IndiGo CEO Pieter Elbers said that the airline is targeting over 4,000 daily flights and 200 million passengers by 2030, with early wide-body induction planned to support long-haul expansion

Adani Electricity becomes 1st private distributor to get AAA credit rating

According to India Ratings, Adani Electricity Mumbai Ltd received a AAA credit rating, becoming the first privately owned power distribution company in India to achieve a rating

Reliance Industries signs pact with ONGC to share offshore resources

This the second collaboration between ONGC and Reliance in recent years

Essar's Green Mobility eyes 30k clean trucks, 100 charging hubs in India

The expansion is expected to cut around one million tonnes of CO2 annually from freight operations - a key contributor to transport emissions

ONGC seeks oil majors for Western offshore blocks; multiple deals signed

ONGC has invited global oil majors for technical support partnerships in its western offshore blocks to lift output

India-EU FTA: Large market opens up, says Maruti Chairman RC Bhargava

India-EU FTA opens a large European market for Indian-made small cars, with duty cuts boosting exports and giving carmakers like Maruti Suzuki a cost advantage

Adani, Embraer sign MoU to establish aircraft making facility

This would be the first commercial aircraft final assembly line (FAL) to be established in India