Page 159 - Company News

Bajaj Auto gets over ₹3.5 cr demand notice from Assam tax authorities

The company availed input tax credit after fulfilling all the conditions as per the provisions of the GST law, Bajaj Auto said in filling

We should help solve global carbon emissions problem: N Chandrasekaran

India, as you know, has been a thriving economy and the aspiration level of the country is growing, Chandrasekaran said

Auro Realty plans $225 mn India bond sale to fund hotel, asset acquisition

Auro Realty's bond issue is in advanced stages and could be completed as early as this month, while private credit funds are expected to be investors, the bankers added

Amazon Pay India revenue drops 7% in FY25 amid festive surge in usage

Despite ₹866-crore loss, platform sees strong consumer adoption during Great Indian Festival

IKEA acquires US logistics tech company Locus in online growth push

IKEA said acquiring Locus would simplify its logistics and reduce its delivery expenses by an estimated 100 million euros ($117.41 million) a year globally

SC issues notice to IndiGo on plea by customs department on IGST exemption

The case reached SC after customs department challenged a March ruling by the Delhi HC that struck down a portion of 2021 customs notification requiring payment of IGST on such re-imported goods

Jindal India commissions ₹1,500 cr downstream steel facility in West Bengal

The capacity expansion will increase the company's existing annual capacity of 1 million tonnes by 60 per cent

Biocon gets USFDA's tentative approval for antibacterial drug Rifaximin

The USFDA's tentative approval means Biocon Pharma's Rifaximin 550 mg meets regulatory requirements but cannot be marketed in the US yet due to patents or exclusivity on the original drug

M&M cuts Bolero prices below ₹10 lakh, ramps up production capacity

The move comes as the entry-level SUV market grows increasingly competitive, with players aggressively vying for market share

Tata Motors' JLR announces new financial scheme to pay suppliers faster

The company also shared updates as it prepares to begin a phased restart of manufacturing operations from Wednesday, following a cyber incident in early September

Dabur India flags short-term sales disruption in Q2 amid GST reforms

The company said in a statement that it expects second quarter revenue to grow in mid-single digits, with operating profit to grow at a similar pace

Govt 'probes' Adani Defence for tax evasion on missile parts imports

Adani Defence Systems and Technologies is one of the smaller businesses of the coal-to-airports conglomerate of billionaire Gautam Adani

AstraZeneca receives CDSCO's approval to market cancer drug in India

The company has received approval from the Central Drugs Standard Control Organisation (CDSCO) to import, market, and distribute Trastuzumab Deruxtecan

PhysicsWallah expands to 4.46 mn paid users in FY25, up 153% from FY23

In FY25, the platform recorded 4.13 million unique transacting users on its online channel and expanded its offerings to 13 education categories

Zoho forays into hardware; to launch PoS, QR devices and sound boxes

The firm in 2024, had introduced Zoho Payments. Additionally the firm is now also expanding its payout capabilities, virtual accounts for collections and marketplace settlement

Mercedes clocks best ever Navaratri with retail sales of 2,500 cars

After a sluggish July-August, Mercedes-Benz India posts record Navratri sales on GST cut boost; entry-level models lag but GLA under Rs 50 lakh may revive demand

LTIMindtree wins its largest-ever deal; sources peg size at $580 million

The sixth largest software services exporter in India said the deal was with a leading global media and entertainment company, but did not disclose the name of the client

Hinduja Group firm IIHL Mauritius acquires 100% stake in Sterling Bank

With the acquisition, Sterling Bank has become a wholly-owned entity of Hinduja Group firm IIHL Mauritius, which is also the promoter of IndusInd Bank

Ola Electric's ferrite motor gets nod, cuts rare-earth dependence

India's largest EV maker secures certification for a ferrite motor that removes rare-earth magnets, tackling cost and supply-chain challenges in electric mobility

CCI suggests companies to perform self-audits of AI-based systems

The study also comes at a time when there are concerns about algorithmic collusion and AI-driven pricing strategies that may lead to price discrimination