Company News

GST authorities issue demand notice of ₹6.37 crore to Britannia Industries

The order has been passed under Section 74 of the GST Act for FY 2020-21 to FY 2023-24, alleging non-payment of tax due to "incorrect classification" of goods supplied

Ola Electric launches Holi Mahotsav; Roadster range now starts at ₹79,999

This brings electric motorcycles directly at par with popular entry segment ICE motorcycles, the company said in a statement

NCW Prime Offices Fund acquires grade A+ commercial asset in Pune

NCW-managed Prime Offices Fund enters Pune with 51% stake in 1.1 msf TenSteps asset; portfolio expands to 3.8 msf across three cities

Natco Pharma launches generic blood cancer treatment medicine in US

The product is available in 1mg, 2mg, 3mg, and 4mg strengths and is distributed primarily through specialty pharmacies and clinics, Natco Pharma said

Jio Platforms appoints Dan Bailey as President, to lead global initiatives

Former Deutsche Bank executive Dan Bailey will lead Jio Platforms' international initiatives and report to Akash Ambani as company prepares for global expansion

Qcom enablement startup Inamo raises $8 million in Series A round

Quick commerce startup Inamo has raised $8 million in Series A funding led by Prime Venture Partners to expand its dark store network, accelerate brand onboarding, and scale technology and operations

Nasscom advises IT employees in West Asia to work from home amid tensions

Nasscom has asked IT employees in the Middle East to work from home and remain in touch with embassies as tensions escalate in West Asia, even as Indian IT firms say operations continue as usual

SBI DMD Nitin Chugh exits as contract term ends, digital role concludes

SBI Deputy Managing Director Nitin Chugh, who led the bank's digital banking and transformation initiatives including YONO 2.0, has exited following the conclusion of his contract

Extended Iran conflict may disrupt L&T's order inflows, regional projects

With nearly half its order book linked to the Middle East, L&T may see short-term disruptions from the Iran conflict, raising concerns over execution, exports and regional project pipelines

Mercedes-Benz turns to localisation to lower luxury vans' entry price

Mercedes-Benz has localised assembly of V-Class in India, bringing its entry price to ₹1.4 cr, reducing dependence on costly imports, as the company repositions the van within its top-end portfolio

Seiko resets its India clock, targets 2x revenue in 3 years: Kawada

Japanese watchmaker plans 30 exclusive boutiques by 2028

Vodafone Idea and Ericsson tie up for deploying additional capex

These efforts will lead to enhanced indoor coverage, improved data capacity and support Vi's ongoing efforts for expanding 5G and 4G connectivity

Dabur acquires minority stake in RAS Beauty under new ventures arm

Dabur Ventures has made its first investment by acquiring a minority stake in RAS Beauty for Rs 60 crore, strengthening Dabur's presence in the fast-growing premium skincare market

Sunil Bharti Mittal conferred Lifetime Achievement Award by GSMA

GSMA honoured Bharti Enterprises founder at Mobile World Congress in Barcelona, recognising his role in expanding global telecom connectivity and advancing digital inclusion

Sebi slaps ₹10 lakh penalty on Coffee Day for financial misstatements

Sebi has fined Coffee Day Enterprises and nine individuals for alleged financial misstatements, stating the company understated losses by not accounting for over ₹489 crore in interest expenses

QatarEnergy to stop LNG output temporarily as West Asia crisis intensifies

The state-owned firm blamed the war for the decision. It offered no timeline for restoring its production

Tata Steel to invest ₹11,000 crore in Jharkhand, says Chandrasekaran

Tata Motors to make new investment in hydrogen truck at Jharkhand's Jamshedpur facility, he added

Gaurs Group to invest ₹250 cr for precast manufacturing plant in Noida

Gaurs Group will invest Rs 250 crore to build a precast and modular construction facility in Noida after signing an MoU with Elematic India, aiming to boost efficiency and project timelines

Fintech Pine Labs to launch stablecoin payments outside India, says CEO

Pine Labs does not plan to launch the product in India or China, Rau said

Lemon Tree eyes overseas expansion in next 5 years as outbound travel booms

India is expected to become ‌the world's fourth-largest outbound tourism market by 2035, behind the U.S., China and Germany, rising from 10th place, Capital Economics said last year