Company News

IndiGo appoints William Walsh CEO to steer growth, stabilise operations

Former IATA chief to take charge from August as airline looks to stabilise operations and drive global expansion following recent disruption and leadership change

Signature Global, RMZ complete ₹1,293 cr deal to fund Gurugram project

RMZ acquires 50 per cent stake in subsidiary GCL; partners form joint venture to develop large mixed-use commercial project on Gurugram's Southern Peripheral Road corridor

UpGrad targets 50 offline centres in 1 year, 3 to open this month

Edtech firm plans to scale its offline footprint to 50 centres in 12 months, focusing on Tier-II and Tier-III cities amid rising demand for job-ready skills

Essar Group's Mesabi Metallics bags $520 mn from Breakwall Capital

Essar-backed Mesabi Metallics raises $520 million through a secured credit facility as it nears commercial operations at its iron ore project in Minnesota

Retail portfolio quality improves in Jan; war impact under watch: Cibil CEO

Lenders must engage with customers on credit usage, as they did during the pandemic: Bhavesh Jain

Oracle lays off 12,000 employees in India; another round likely in a month

Globally, the company has fired around 30,000 employees

Microsoft faces second major UK investigation over cloud licensing

Antitrust authorities in the European Union and the United States are also investigating the cloud computing market

Unilever and McCormick agree deal to create $65 billion food giant

The UEWC said it would turn to the trade unions it works with to discuss what action might be taken if Unilever does not "find good solutions for affected employees"

Paisabazaar gets adverse order under Benami Property Transactions Act

PB Fintech subsidiary receives adverse order under Benami law; company says it will appeal and sees no immediate financial impact

Unilever imposes global hiring freeze citing West Asia conflict impact

The London-based company said in a statement that it had introduced a temporary pause on recruitment due to an 'uncertain external environment,' adding that it would adjust plans as needed

Mindspace REIT to acquire Chennai office assets for ₹2,541 crore

Acquisition of two Chennai office assets from sponsor portfolio to strengthen Mindspace REIT's presence and expand leasable portfolio and asset base

Edtech firm PhysicsWallah rakes in ₹205 crore during Vishwas Diwas event

Edtech firm reports 36 per cent rise in collections and strong enrolment growth during its flagship 20-day Vishwas Diwas period

Magnum Ice Cream Company completes 61.9% stake buy in Kwality Wall's

TMICC completes acquisition of majority stake in Kwality Wall's India from Unilever, with mandatory tender offer underway and listing to continue on Indian bourses

Vedanta tells SC its revised bid for bankrupt JAL tops Adani Group's offer

In a petition contesting the lenders' choice to approve Adani's bid, Vedanta argued that its updated proposal offered nearly ₹3,400 crore more in overall value

Kerten Hospitality forays into India, eyes 1,000 keys in expansion push

Takes a partnership approach to establish presence, actively working with asset owners

Razorpay rolls out biometric authentication to boost payment success rates

Company partners Mastercard, with Visa integration underway, to replace OTPs with biometrics, aiming to improve security and boost transaction success rates

Flight disruptions, CEO exit, new boss: IndiGo's turbulent few months

IndiGo's December flight disruption triggered regulatory action, fare caps and leadership changes; the airline has now brought in aviation veteran Willie Walsh as CEO to steer recovery

Brookfield India REIT names Shashank Jain as CEO, Alok Aggarwal to retire

Jain, joining from PwC India, will take charge from July 2026 as current chief Alok Aggarwal retires after leading the REIT since its inception in 2021

IndiGo appoints former British Airways chief William Walsh as CEO

IndiGo has appointed aviation veteran William Walsh as CEO. He will join the airline by August 3

Samman Capital to diversify, targets top 3 NBFC rank by FY29

IHC to become promoter via Avenir Investment with 63.3 per cent stake post open offer; lender plans expansion beyond mortgages, scaling products, branches and customer base