Page 2 - Company News

IndiGo cancels over 300 flights in 2 days: What's causing the disruption?

IndiGo cancelled over 300 flights in the last two days across India, causing widespread delays and leaving thousands of passengers stranded across major airports

IndiGo cancels 175 flights as pilot shortage crisis enters third day

The crisis is a major setback for the two-decade-old airline that built its reputation on being punctual, coining the tagline "IndiGo Standard Time" when it shut plane gates well before departure time

Modi Illva targets ₹4,000 crore sales in 5 years; to import Illva brands

Modi Illva aims to double revenues to Rs 4,000 crore in five years and is in talks to import select Illva Saronno brands, as it expands its premium portfolio and rolls out Rockford Imperial Reserve

OpenAI in talks with TCS to begin Stargate India chapter, expand footprint

The San Francisco-based company is said to be exploring a plan to lease at least 500 MW of data centre capacity from HyperVault, TCS's newly established data centre arm

Cristal Azul targets 150,000 cases and ₹150 crore India revenue by 2026

New York-born, Mexico-produced tequila Cristal Azul is targeting 1.5 lakh cases and Rs 150 crore in revenue in its first two years in India, betting on premium spirits growth

Infosys seeing surge in traction among clients for India-based GCCs

Infosys, India's second largest IT services provider, launched its AI-first GCC model last month which accelerates the set up and transformation of GCCs into AI-powered hubs for innovation and growth

JSW Steel, JFE to form 50:50 JV for BPSL steel business at ₹15,750 crore

The deal is aimed at bolstering the growth of the two steelmakers, whose partnership goes back to 2009, when they signed a comprehensive agreement

Upgrad narrows loss for FY25 to ₹273 crore, revenue rises over 5%

The revenue from operations of Upgrad increased by 5.5 per cent to Rs 1,569.3 crore during the reported fiscal from Rs 1,487.62 crore a year ago

Birla Estates partners Sikka Group to co-develop ₹1,600 cr Noida project

Birla Estates has tied up with Sikka Group to co-develop a ₹1,600-crore Greater Noida housing project, leveraging new revival policies that allow creditworthy developers to take over stalled projects

RBI approves Vikram Sahu as CEO of Bank of America in India: Internal memo

Sahu will report to Jin Su, president of Asia Pacific, Bank of America

Won't require more tech-related headcount: Pine Labs' B Amrish Rau

Fintech firm posts second consecutive PAT-positive quarter, plans to maintain tech headcount at 1,000 while boosting software revenues

Ducati brings its watch collection to India with Titan, prices from ₹16K

Ducati Watches have launched in India with Titan, priced at Rs 16,000-25,000 across 43 SKUs. Titan aims to scale distribution from 250-300 outlets in four months to 1,000 outlets in 18 months

TP Link India plant to initially focus on catering to domestic demand: COO

The company also aims to transition from a consumer-electronics company to one that offers complete end-to-end solutions, Alaylo said

Reliance Retail appoints Jeyandran Venugopal as President and CEO

In his new role, Venugopal will work closely with Isha Ambani, Executive Director of RRVL and the Leadership Team of Reliance Retail, under the overall guidance of Mukesh Ambani and Manoj Modi

Flipkart names former Meta executive Dan Neary to board ahead of IPO plans

Flipkart has appointed former Meta executive Dan Neary to its board as it readies a potential IPO filing, signalling push on governance, innovation & operational discipline ahead of a planned listing

Flipkart says order surges 40 pc YoY post-festival; user base expands

The company said it served over 200 million customers across its ecosystem during the festive season, reflecting its expanding relevance in urban and non-metro India

Cipla, Stempeutics launch stem cell therapy for knee osteoarthritis

Approved by the Drug Controller General of India (DCGI), the treatment offers to slow disease progression and promote cartilage maintenance for patients with Grade II and III knee OA

IndiGo reports flight delays, cancellations due to tech issues, congestion

Civil aviation ministry data shows that IndiGo had an on-time performance of only 35 per cent on Tuesday, placing it among the lowest performers compared to its peers

JM Financial Home Loans targets 30% annual AUM growth to FY27

JM Financial Home Loans aims to scale AUM to Rs 5,000 crore by FY27, driven by branch expansion, higher ticket sizes and tighter early-stage delinquency controls, MD & CEO Manish Sheth said

Sun Pharma unit to invest ₹3,000 cr for new plant in Madhya Pradesh

Shares of Sun Pharma on Wednesday ended 0.43 per cent higher at Rs 1,805.70 apiece on BSE