Company News

Consumer panel orders Axis Bank to pay ₹3.19 cr in demonetisation case

The commission, comprising presiding member AVM J Rajendra and judicial member Anoop Kumar Mendiratta, was hearing an appeal filed by Procure Logistics Services Pvt Ltd against the Axis Bank

Lanka IOC assures Sri Lanka fuel supply security amid West Asia crisis

Currently, LIOC operates 200 fuel stations throughout Sri Lanka and enjoys a 20 per cent share of the market. They first came in 2003 under a 20-year contract, which has again been renewed in 2023

JSW Steel to develop coking coal mine in Mozambique for long-term supply

Located in the Moatize coal basin of the Tete Province, Minas de RevuboA has 850 million tonne (MT) of reserves, and the potential to yield 250 MT of usable coking coal

Shantanu Narayen bows out ahead of his 100th earnings call at Adobe

Narayen joined Adobe in 1998 as senior vice president and rose through the ranks. He was appointed CEO in 2007, as the then CEO, Bruce Chizen, stepped down

Tata Motors secures orders for over 5,000 buses from state transport bodies

Tata Motors has secured cumulative orders for over 5,000 buses and chassis from multiple state transport undertakings through government e-bidding, reinforcing its presence in public transport

3 million homes solarised, 70 million to go: SolarSquare CEO Shreya Mishra

2 years after the launch of PM Surya Ghar, rooftop solar adoption has accelerated but remains far short of the 10-million-home target

IDBI Bank strategic sale scrapped as financial bids below reserve price

Government's plan to sell a 60.72% stake in IDBI Bank may be shelved after financial bids from potential buyers reportedly fell below the reserve price

No disruptions due to industrial gas supply issues, says Britannia

Food major says it has adequate finished goods inventory and fuel-switching options across facilities to ensure continuity of operations amid concerns over industrial gas supply

Zoom Phone to enter three more Indian cities amid strong demand

US-based firm ready to comply with CNAP, says top executive

Accenture announces new leadership for Reinvention Services division

Accenture has announced a new leadership team for its Reinvention Services division led by Manish Sharma as the company reorganises services to deliver AI-driven solutions

IndiGo to levy fuel charge for domestic, international flights from Mar 14

The fuel charge will be Rs 1,800 for South East Asia and China, Africa and West Asia flights, and Rs 2,300 for Europe flights

Auto PLI reforms may give startups level playing field: Ather CEO

Ather Energy CEO Tarun Mehta said proposed reforms to the automobile PLI scheme may ease eligibility thresholds, enabling EV startups to compete and scale local innovation

Amazon expands its dedicated air cargo services to northeastern region

Amazon has expanded its dedicated air cargo network, Amazon Air, to the Northeast with new Delhi-Kolkata-Guwahati routes aimed at cutting transit times and improving delivery speeds

Delays in mine clearances may hinder India's steel growth targets: JSPL

Delays in mine operationalisation and statutory clearances could hamper India's ambition of reaching 400 million tonnes of steel production by 2030, a JSPL executive warned

Titan's Helios Luxe brings German watchmaker Alexander Shorokhoff to India

Titan's Helios Luxe has partnered with German watchmaker Alexander Shorokhoff to introduce limited-edition watches in India, targeting the country's fast-growing accessible luxury segment

RBI imposes ₹2.7 lakh penalty on Manappuram Finance for KMP pay breach

The Reserve Bank of India has imposed a Rs 2.7 lakh penalty on Manappuram Finance for violating guidelines on compensation of key managerial personnel following a statutory inspection

Jindal Stainless flags operations disruption due to fuel shortage

Jindal Stainless, the country's biggest stainless steel producer, had last week warned of possible shipment delays

Global investors unwilling to let go of Adani bonds despite global tensions

According to people familiar with the matter, some US-based institutional investors have also continued to add to their holdings in Adani-linked bonds in the secondary market

After Audi, Mercedes to hike prices by 2% from April amid forex volatility

The decision is largely driven by continued forex volatility, particularly the sustained depreciation of the rupee against the euro, along with rising input costs

Amazon Air expands to Northeast, adds Guwahati, Kolkata to cargo service

The expansion, expected to speed up shipments by 5x, will support deliveries across all seven sister states- Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura