Page 1992 - Company News

DGCA fines Vistara Rs 10 lakh for letting untrained pilot land flight

The Vistara pilot, who was the first officer on the flight, landed the aircraft at the Indore airport without first getting the requisite training in a simulator

Govt gives gencos time till Friday to begin process for coal imports

GENCOS who either don't place their indents with CIL by 3.6.2022 or haven't initiated their tender processes of coal imports, will be allocated only 70% of domestic coal, said govt

ITC Infotech pays $33 mn to PTC for partially acquiring American PLM biz

ITC Infotech on Thursday said it has paid an amount of USD 33 million (around Rs 256 crore) to PTC as part of an agreement to acquire a substantial portion of the American company's product services

Ford India workers' protest for better severance package enters Day 4

The management is reportedly considering a 'loss of pay' option for the striking staff

Rivian's Saudi backer makes Rs 1,700-crore bet on Greaves Electric

India, the world's fourth-largest automobile market, is pushing to decarbonise transport and achieve a goal of turning net carbon zero by 2070

Japanese tech investor SoftBank's investment in India may fall to a third

Among the deals that SoftBank has completed this year in India are Polygon

Edtech sector in crisis as Covid curbs ease; hybrid model offers hope

After two boom years, it is struggling with falling demand but exploring hybrid models as a way out

HAL stock at new high on strong Q4, prospect of bagging defence orders

State-owned aeronautics firm appears to have countercyclical strength, as supply of spares and lack of diversification are potential downside risks.

NCLAT directs new board of IL&FS to pay lenders on a pro-rata basis

The interim distribution will be for Rs 16,361 crore -- Rs 11,296 crore in cash and Rs 5,065 crore in InvIT units

CoinSwitch launches benchmark index for crypto market in Indian Rupee

CRE8 tracks eight assets representing over 85 per cent of the total market capitalisation of digital assets traded in Indian Rupee.

UltraTech announces Rs 12,886 cr capex plan as competition grows in cement

Bracing for stiff competition, the firm looks to boost capacity by 22.6 mtpa

BigBasket raises Rs 350 cr from holding firm as it takes on competitors

The online grocer plans to expand its footprint to 70 cities this fiscal year, from about 37 now.

Swiggy plan offers unlimited free deliveries from restaurants 10 km away

Membership programme has exclusive offers on 1,000 products in Instamart, the company's daily essentials service.

Workers at Ford's Chennai plant go on strike, seek better compensation

An employee said the negotiations with the management were going on at "snail's pace".

Kotak Investment Advisors launches 'Kotak Cherry': Check details here

Kotak Investment Advisors' one-stop investment solution provider 'Kotak Cherry' aims to be an open architecture platform

Airtel Payments Bank partners with Muthoot Finance to offer gold loans

Airtel Payments Bank on Thursday said it has partnered with Muthoot Finance to offer gold loans through Airtel Thanks app.

Coal India to issue two tenders for imported coal to address local shortage

Officials are rushing to make more coal available for utilities as shortages in July-September quarter are expected to be 15% wider than intitially estimated due to expectations of higher power demand

Motorola unveils new smartphones in India: Check design, specs and price

The smartphone comes with 6.5-inch IPS LCD display along with 90Hz refresh rate, 16MP triple rear camera setup, 5000mAh battery and much more

WardWizard sales up 30% in May as low-speed e-scooter category grows

WardWizard Innovations also announced that it will commence deliveries of its high-speed scooters this month.

Twitter enters restructuring mode, focuses on user growth, says report

As Twitter pauses hiring, the micro-blogging platform is reportedly shifting employees away from audio Spaces, Communities and newsletters verticals for areas that "will have the greatest positive impact to the public conversation".