Company News

Months after IndiGo meltdown, CEO resigns; Bhatia to take interim role

IndiGo CEO Pieter Elbers resigns citing personal reasons three months after the airline's operational meltdown, with promoter and MD Rahul Bhatia set to lead as interim chief

SAT upholds Sebi order against Sahara group firm in ₹14,106 crore OFCD case

In an order dated March 9, a three-member SAT bench ruled that the OFCDs issued by SICCL between 1998 and 2008 constituted a public offer, bringing them within Sebi's regulatory jurisdiction

Tata Consultancy Services wealth erosion tops $100 billion from peak

TCS loses over $100 billion in market value from its 2022 peak as AI uncertainty and IT sector correction trigger a sharp valuation reset

TVS Supply Chain strengthens Caterpillar's global network from India

TVS Supply Chain Solutions sets up a 40,000 sq ft warehouse near Chennai to support Caterpillar's global supply chain, enabling multi-country sourcing and faster logistics operations

Reliance boosts LPG production at Jamnagar to stabilise domestic supply

Reliance Industries is taking proactive steps and in line with the government guidelines, the company said in a statement

RIL to maximise LPG output, divert KG-D6 gas to priority sectors

Reliance Industries says it will maximise LPG output at its Jamnagar refinery complex and divert KG-D6 basin gas to priority sectors to support stable domestic fuel supplies

VinFast launches 'Trade Gas for Electric' programme amid fuel volatility

Vingroup's VinFast offers extra discounts on electric cars and scooters for customers switching from gasoline vehicles, while cutting fares on its Xanh SM mobility platform

IBBI pushes transparency as CoC decisions in bankruptcy cases draw scrutiny

Recent proposals by the insolvency regulator aim to increase transparency and accountability in the Committee of Creditors' decisions after the Supreme Court flagged gaps in the IBC process

Renault puts India at centre of futuREady plan; four models by 2030

Renault names India a key global production and growth hub in its futuREady strategy, with plans to launch four new models in the country by 2030 as part of a global rollout of 36 vehicles

VECV names B Srinivas MD; Vinod Aggarwal to take over as chairman

VE Commercial Vehicles appoints B Srinivas as managing director and CEO from April 1, while Vinod Aggarwal transitions to chairman after leading the company for nearly two decades

Emami Agrotech eyes ₹2,000 crore from HoReCa, food services segment

The company also plans to expand its 'FOR CHEF' portfolio by introducing sauces, condiments, ready-to-cook and ready-to-eat products in the next few months

Happiest Minds Technologies revises FY27 revenue growth guidance to 12.5%

Happiest Minds raises FY27 revenue growth guidance to 12.5 per cent from 10 per cent, citing strong momentum from its AI-First strategy and growing demand across key sectors

Hindustan Zinc signs MoU with CMR Green to set up zinc alloy unit

The manufacturing facility will be set up at Zinc Park in Rajasthan and will produce zinc alloys used in sectors such as automotive, infrastructure, die-casting and consumer goods

CreditAccess Grameen to scale overseas borrowings to $400 mn a year

Microfinance lender CreditAccess Grameen plans to increase overseas borrowings to $400 million annually over the next two to three years to diversify funding and support asset growth

Allana Group plans to ship 40,000 tonnes of food products to West Asia

Allana Group operates in over 70 countries across the globe, with West Asia being one of its major markets

Abbott launches drug-eluting stent in India for complex heart blockages

The new device, XIENCE Skypoint, is designed to be more flexible, easier to guide through the heart's arteries, including large vessels

JSW Steel crude steel output down 2% to 2.37 mt in Feb amid plant upgrade

JSW Steel said that the production decline was due to the shutdown of Blast Furnace 3 at the Vijayanagar plant for a capacity upgrade, while output growth excluding the unit rose about 8 per cent

IDFC First Bank pays ₹645 crore to settle fraud claims with Haryana govt

IDFC First Bank said it paid ₹645 crore to clients after claims linked to a suspected fraud at its Chandigarh branch, ₹55 crore higher than the initial estimate of ₹590 crore

Reliance Retail acquires Pahadi Local to scale beauty and wellness brand

Reliance Retail has acquired beauty and wellness brand Pahadi Local, with the founding team continuing in key roles as the company expands the label across retail and digital platforms

Tech Mahindra denies buzz around plan to lay off 30,000 employees

Tech Mahindra has denied social media claims that it plans large-scale layoffs, clarifying in an exchange filing that no such proposal is under consideration amid speculation of a 30,000 cut