Company News

Logistics company Delhivery tests autonomous logistics drones in Deoria

The showcase, held in the presence of Shashank Mani, the Member of Parliament from Deoria, was executed by Delhivery Robotics India Private Limited, a subsidiary of Delhivery

Bajaj Finserv targets a 22% profit CAGR, double customers in 5 years

Eyes listing on insurance arms, focus NRIs through GIFT City, pension funds biz post Allianz exit

Calling card: Vodafone Idea proposal to govt seeks recalculation of AGR

Telecom firm's proposal to DoT aims to halve dues, enabling ₹25,000 cr fundraising for 5G rollout and government stake dilution

Still far from normalcy: IndiGo board steps in, forms crisis mgmt group

Board-led team includes chairman, ex-FAA chief, Amitabh Kant; ₹610 cr in refunds processed as airline eyes Dec 10 stability

HD Hyundai plans $2 bn shipyard in Thoothukudi; Tamil Nadu pitches policy

South Korea's HD Hyundai, one of the world's largest ship manufacturers, is planning to build a shipyard in Thoothukudi. The project may reportedly see an investment of around $2 billion

Ola Electric begins mass rollout of scooters powered by 4680 Bharat Cells

The model comes with a range of 320 km and gets four riding modes - Hyper, Sports, Normal and Eco

ED to file charge-sheet against Gurugram realty firm in PMAY fraud case

Swaraj Singh Yadav, the MD and 'key person' of the company named Ocean Seven Buildtech Pvt. Ltd. (OSBPL), was arrested by the federal probe agency on November 13

IL&FS to move NCLT to recover ₹187 crore excess pay from ex-directors

Moreover, IL&FS is also going to reopen the financial statements for 2018-19 and 2019-20. It has received approval from NCLT for incorporating impacts arising from the recast financial statements

IndiGo cancels over 220 flights in Mumbai, Delhi as disruptions continue

The disruptions have resulted in hundreds of flight cancellations and delays in the last few days, causing hardships to thousands of passengers

Deloitte to launch AI platform 'Tax Pragya' for faster client insights

Deloitte India Partner Sumit Singhania said Tax Pragya, which is set to be launched on December 9, has been built with direct and indirect tax-related data on over a million court cases

Wakefit raises ₹186 cr from Steadview, WhiteOak, Capital 2B ahead of IPO

With the anchor allocation completed, Wakefit is now set to launch its ₹1,289-crore initial public offering (IPO), which will open for subscription on December 8

Nalco plans to start Pottangi bauxite mines in Odisha by mid-2026

Dilip Buildcon Ltd had emerged as L-1 bidder for the development and operation of Pottangi bauxite mines

Ceat aims to boost global presence, developing tyres for different markets

The RPG Group firm garners around 20 per cent of its revenues from exports and expects the contribution to grow over the next few years

AceVector files updated IPO papers, targets ₹300 crore fresh issue

AceVector has filed an updated DRHP with Sebi to raise Rs 300 crore via a fresh issue and an OFS of up to 63.87 million shares. Founders won't sell; SoftBank, Nexus and Foxconn may

Cancelled 800 flights today; addressing refund issues on priority: IndiGo

Domestic carrier IndiGo has said it cancelled over 800 flights on Saturday, much lower than Friday's number of more than 1,000, and it is addressing all customer refund issues on "priority".

Patanjali Ayurved signs MoU with Russian govt to promote health & wellness

One of the primary objectives of the MoU is to expand Patanjali's wellness services in Russia

Advent's $1 bn deal talks for Whirlpool India collapse due to disagreements

Advent had emerged as the frontrunner to acquire a 31 per cent stake in Whirlpool of India from Whirlpool Corp, which would have triggered a mandatory open offer to acquire a majority stake

Biocon to integrate Biocon Biologics in $5.5-bn tranx, pivots away from IPO

Proposed transaction will result in Biocon Biologics becoming a wholly-owned subsidiary of Biocon, simplifying the group structure, and strengthening the consolidated balance sheet

Biocon to make Biocon Biologics a wholly owned subsidiary in $5.5 bn deal

Biocon Biologics Chief Executive Shreehas Tambe will become CEO and managing director of the combined entity post-integration

SKF India Industrial expects top line to nearly double in 5 years

SKF India Industrial expects revenue to scale to about ₹4,500 crore in five years, with margins improving post-2028 as a Pune plant-led capex cycle is completed and efficiency rises