Page 1970 - Company News

Goodbye to petrol two-wheelers by 2025! Ola building core tech for e-car

SoftBank-backed Ola said it uses proprietary artificial intelligence for optimal performance

Will be happy if fare caps are increased: Vistara CEO Vinod Kannan

The civil aviation ministry had imposed lower and upper limits on domestic airfares based on flight duration on May 25, 2020

Sequoia India asks court to dismiss lawsuit by its former counsel

Sequoia has been locked in a legal battle with Sandeep Kapoor, after he included the company in a defamation lawsuit against media companies that reported on a leaked Sequoia email of June 2

AI reorganising itself under Tatas; won't comment on A350 order: Airbus CCO

India has decided to procure its maiden batch of wide-bodied A350 aircraft from Airbus and the first plane is likely to be delivered to the airline by March 2023

Price rationalisation, consolidation likely in Indian diagnostic space

Competitive pricing, however, is here to stay, feel analysts and some industry insiders

SpiceJet's engine catches fire mid-air, makes emergency landing in Patna

The pilots suspected a bird hit, but they continued the climb as the sensors inside the aircraft didn't give any indication of engine fire

Customers may see lower discounts, fewer end-of-season stocks on sale

Sale days are also likely to be reduced as retailers emerge from pandemic to post strong surge in business-as-usual (BAU) sales

Oil ministry proposes higher age limit, shorter tenure for ONGC chairman

The ministry has proposed that any candidate to be eligible for consideration should not be more than 60 years of age on the date of occurrence of vacancy

AI considering procuring over 200 new planes; 70% to be narrow-bodied jets

While Air India has zeroed in on Airbus's A350 wide-bodied aircraft for the procurement, the talks with Airbus and Boeing for narrow-bodied aircraft is still on, say aviation industry sources

Not easy for airline to turn profitable in India, says IATA official

Philip Goh, Regional Vice President for Asia Pacific of International Air Transport Association, made the remarks during a press conference at the 78th annual general of the global airlines meet

L&T Infotech-Mindtree merger likely by December, says LTI COO

The two subsidiaries of Larsen & Toubro had last month announced a mega-merger to create an efficient and scaled-up IT services provider, exceeding $3.5 bn in combined revenue

IndiGo starts new direct flight operations between Mangaluru and Mumbai

The daily flight leaves Mumbai at 8.50 AM and reaches Mangaluru at 10.20 AM; the flight leaves Mangaluru at 11 AM to reach Mumbai at 12.40 PM

Raw material price hike pinch India's textiles, apparel exports in 2022-23

According to Wazir Textile Index, almost all the top companies in the sector saw an increase in sales during the last financial year

Wipro Lighting merges commercial lighting, seating solutions businesses

Wipro Lighting on Sunday announced the creation of a new business unit combining Commercial Lighting and Seating solutions

Ex-AWS engineer convicted of hacking data of 100 million customers

A former AWS engineer has been found guilty of hacking into more than 100 million customers' cloud storage systems and stealing data linked to the 2019 Capital One breach

Adani Wilmar slashes edible oil prices by Rs 10 on govt's import duty move

Adani Wilmar has reduced the maximum retail price (MRP) of Fortune refined Sunflower oil's 1-litre pack to Rs 210 from Rs 220, the company said in a statement.

Indian Hume Pipe Co receives Rs 110 crore work order in Rajasthan

Indian Hume Pipe Co Ltd on Saturday said it has bagged a Rs 110-crore pipe order in Rajasthan.

Putting it on paper: Closure of plants feared over plastic straw ban

Paper straw shortages continue as demand has outstripped supply globally

Edtech platform Unacademy lays off 2.6% employees due to poor performance

Edtech platform Unacademy on Saturday said that a small fraction of its workforce (2.6 per cent) has been asked to go as part of performance improvement programme (PIP)

Triumph Motorcycles India aims to increase market share to 25% in 12 months

Triumph Motorcycles India has seen a growth of 30 per cent in the last 12 months, with sales of "a little over" 1,200 units, he said