Page 197 - Company News

Amazon boosts festive delivery with 12 fulfilment, 6 new sort centres

The expansion adds a combined 8.6 million cubic feet of incremental storage capacity, it said citing an analogy of it being equivalent of 100 Olympic-sized swimming pools

Airbus picks Mahindra Aerostructures to make H125 helicopter main fuselage

Jrgen Westermeier, President and MD of Airbus in India and South Asia, said the new contract with Mahindra Aerostructures is a testament to the strong capabilities of its partners in India

Power Mech Projects bags ₹371 cr civil works order from Mahan Energen

The order will be executed in 30 months from the date of issuance of notice to proceed

Schneider Electric Infrastructure appoints Omkar Prasad as new CFO

In a regulatory filing, the company said its board, in a meeting on Thursday, approved the resignation of Suparna Banerjee Bhattacharyya from the position of CFO

Aiming to consolidate leadership in electric 2W segment: TVS Motor

In the Indian electric two-two-wheeler market TVS Motor competes with the likes of Bajaj Auto, Hero MotoCorp, and Ola Electric among others

A23 parent Head Digital Works moves K'taka HC against new online gaming law

The company's move comes as most of its competitors, including Zupee, Dream11 parent Dream Sports, Pokerbaazi parent firm Moonshine Technology, and Gameskraft, have decided against opposing the law

Nykaa's owner FSN E-Commerce eyes expansion in Britain, global markets

FSN's UK push for Kay, which will be across 13 stores and Space NK's online platform, faces the challenge of increasing brand awareness in a very competitive cosmetics and skin care market

Sunsure Energy, NVVN sign 500 MWh BESS pact for power supply to UPPCL

Backed by a 15-year agreement, Sunsure will supply power to NVVN with Uttar Pradesh Power Corporation Ltd (UPPCL) being the end procurer

Hindalco to build aluminium unit in Andhra as state expands iPhone ecosystem

The Hindalco plant, which will be in Andhra Pradesh's Kuppam, will supply aluminium for the production of Apple's iPhone chassis

Wilmar seeks CCI nod for 20% stake buy in AWL Agri Business for ₹7,150 cr

In the notice filed with CCI, Lence Pte has proposed to acquire a maximum of 20 per cent and a minimum of 11 per cent of the paid-up equity share capital of AWL Agri Business

Nvidia warns Trump's chip fee on China could trigger lawsuits, hit sales

Nvidia cautions that Trump's proposed 15% tariff on AI chip sales to China may lead to litigation, weaken US firms' competitiveness, and benefit foreign rivals

Indian firms delay expansion plans amid demand, trade uncertainty: BofA

Firms are focusing on paying down debt, opting for refinancing rather than expanding capacity, Shankar Subramaniam, the bank's head of India corporate banking said

Apple, Samsung send separate legal notices to Xiaomi over 'ambush' ads

Apple and Samsung have issued cease-and-desist notices to Xiaomi, alleging its comparative ads mocking rival smartphones hurt their premium brand image in India

Air India Express becomes fourth Indian airline to join global body IATA

The International Airport Transport Association (IATA) represents around 350 airlines that account for about 80 per cent of the global air traffic

Acme Solar to raise ₹3,000 cr via equity, securities in tranches

At its meeting, the company's board also approved the re-appointment of Shashi Shekhar as Vice-Chairman and Whole-Time Director on the recommendation of its Nomination and Remuneration Committee

Sam Altman's OpenAI looks to go beyond data sets with 'back-to-school' move

Experts say free AI access will build trust and shape long-term use

Texmaco, RVNL form joint venture to boost rail modernisation, exports

Texmaco, part of the Adventz Group, will hold a 49 per cent stake, while Navratna PSU RVNL will remain the majority shareholder

Accor Hotels appoints Ranju Alex as new CEO for South Asia operations

French hospitality group Accor Hotels appoints former Marriott executive Ranju Alex as CEO for South Asia with plans to expand operations and open 300 hotels in India by 2030

J&K Bank names veteran banker S Krishnan as non-executive chairman

Krishnan, currently an independent director on the board of Srinagar-headquartered bank, served as MD & CEO of state-owned Punjab & Sind Bank

Jet Airways to transfer Mumbai office lease to Parthos for ₹370 crore

At the peak of its operations, Jet Airways had a little over 120 planes. When the operations came to a halt due to mounting debt woes and unpaid salaries, the airline had around 16 own planes