Page 13 - Company News

Infibeam Avenues to rebrand as AvenuesAI, elevates Vishwas Patel as CEO

Vishwas Patel elevated to MD & CEO as fintech major shifts strategy to integrate AI across its digital infrastructure

Naxion Energy plans ₹200 crore expansion, new plant in Hyderabad by 2026

Headquartered in Hyderabad, Naxion Energy has a manufacturing facility in Coimbatore and develops high-performance sodium-ion battery packs for mobility and energy storage applications

IndiGo announces ₹10,000 travel voucher for 'severely impacted' flyers

IndiGo said the ₹10,000 vouchers are in addition to government-mandated compensation of ₹5,000-10,000 for passengers whose flights were cancelled within 24 hours of departure

Accenture, Anthropic join hands to help firms scale AI responsibly

Both companies said the partnership would combine their technical strengths to help organisations move beyond AI pilots and embed advanced, responsible AI across daily operations

Peer-to-peer lending platform LenDenClub's parent plans IPO, says CEO

Peer-to-peer lending connects individual lenders directly with borrowers, bypassing banks and other financial institutions

Aster DM Healthcare to invest ₹120 cr in 5 cancer centres for poor patients

Aster DM Healthcare said treatment will be provided "completely free or at highly subsidised rates for patients with low income or those who fall below the poverty line

Kshema Power bags order to build substation for 350 MW hybrid project in MP

The project is set to strengthen India's renewable energy evacuation capability at a time when hybrid projects are scaling rapidly across the country

Propel unveils India's largest next-gen e-tippers range, mobility solutions

Propel Industries expanded its electric mining and construction lineup with four new e-tippers, a next-generation connectivity platform and comprehensive EV service programme for heavy-duty operations

Alembic gets USFDA nod for generic eye infection treatment suspension

Alembic was granted a Competitive Generic Therapy (CGT) designation for this application

IndiGo cancels over 75 flights, CEO to appear before DGCA: Top updates

IndiGo announced that it has reduced its capacity and passenger unit revenue forecast for Q3, after the civil aviation regulator directed it to cut 10 per cent of its domestic winter schedule

Embassy Developments sent to insolvency by NCLT; firm challenges order

The NCLT, in its order earlier this week, admitted Canara Bank's plea to initiate insolvency proceedings against Embassy Developments Ltd

SR Batliboi & Associates flags gaps in Apple GCC data backup, audit trails

The US-based technology giant did not keep a daily electronic backup of its accounting records on servers located in India between April and October last year

How hubris turned IndiGo's once-disciplined success model into chaos

IndiGo, which is operated by InterGlobe Aviation Ltd, started out as a scrappy underdog in a sector where everyone else was backed by government, billionaires, or storied corporate group

Tata Steel doubles down on India with NINL expansion, Maharashtra push

Tata Steel has announced an India expansion blueprint, including an in-principle 4.8 mtpa capacity addition at NINL and an MoU with Lloyds Metals

Revving up: Volkswagen group rolls out VRS for production site workers

Skoda Auto Volkswagen India says it has introduced a voluntary retirement scheme at its Pune and Chhatrapati Sambhaji Nagar plants after union requests

Jindal Jhajjar Power to raise up to ₹2,100 cr debt to acquire thermal plant

Jindal Jhajjar Power plans to raise up to Rs 2,100 crore via a term loan and NCDs to acquire a 1,320 MW Haryana thermal plant from Apraava Energy at an enterprise value of Rs 4,000 crore

Unilever sees major India opportunity on GST cuts and strong GDP growth

Hindustan Unilever (HUL) is consistently ranked as Unilever's second-largest market globally by revenue, after the United States, with India contributing around 12-14% of total sales

Ajanta Pharma sets aside ₹1K crore for acquisitions to plug therapy gaps

Pain management, dermatology, nephrology and gynaecology are emerging as key focus areas

Delhi HC allows Sun Pharma to export semaglutide, restricts sale in India

The Delhi High Court has allowed Sun Pharma to manufacture and export semaglutide-based drugs to countries where Novo Nordisk holds no patent, but barred sales in India until March 2026

IndiGo board to hire external specialist to trace root cause of disruption

IndiGo chairman Vikram Singh Mehta dismissed allegations that IndiGo engineered the crisis, tried to influence the government's flight duty time limitation (FDTL) rules