Page 367 - Company News

Swiggy receives Rs 7.59 cr tax demand notice for AY 2021-22 in Pune

The company believes that the order has no major adverse impact on its financials and operations

Zomato food delivery COO Rinshul Chandra resigns to pursue new passions

Chandra has resigned with effect from April 5 'to pursue new opportunities and passions', Zomato stated in the filing

EV sales to surge, penetration likely to hit 12-13% in 5 years: Hyundai COO

There is now clarity in the industry that electric vehicles are the way forward in the country, he added

HMEL crosses record 2 million tonnes polymer sales mark during FY25

HMEL has undertaken a massive $3 billion expansion of petrochemical capacity, increasing its polypropylene capacity to 1 million tonnes a year

Toyota eyes volume growth this financial year on sales infra push, SUVs

The automaker, which reported record sales in the last fiscal, expects demand for its SUVs and MPVs to remain robust in the ongoing financial year

Tesla's entry will boost India EV market, competition not a concern: BMW

The group, which sold a total of 1,249 units of electric cars in India across two brands, BMW and MINI has already sold 646 units in the first quarter of 2025

Corporate affairs ministry proposes changes to fast-track mergers

The ministry has sought public comments till May 5 on the proposed amendments in the rules to widen the scope of fast-track mergers under the Act

Dr Reddy's gets over Rs 2,395 crore show cause notice from I-T authority

The company further said it strongly believes that there is no escaping of tax pursuant to the said merger scheme

Internal restructuring strategic move for seamless solutions: YES Bank

As part of organisational streamlining process, bank is harnessing synergies across all functions to optimise efficiencies and enhance customer experience, it said

BEML announces launch of indigenously designed Motor Grader BG 1205

This the company said is a significant milestone that underscores BEML's unwavering commitment to self-reliance and aligns seamlessly with the Government of India's Atmanirbhar Bharat vision

Delhivery to acquire rival Ecom Express for Rs 1,407 crore in all-cash deal

The acquisition will enable Delhivery to service customers of both companies better through investments in infrastructure, technology, network and people, according to the company's CEO

Delhivery to acquire logistics rival firm Ecom Express for ₹1,407 crore

Upon completion of the acquisition, Ecom Express will become a subsidiary of Delhivery. The transaction is expected to be completed in six months

Air India asked me to fly in broken seat or get refund: Goa AAP leader

Goa AAP president Amit Palekar shared a post and video on X about his experience

LIC rejects USTR's claim of having unfair advantage as state-owned firm

Sovereign guarantee has never been used as a marketing tool for policies, says company

HDFC Bank gains Rs 1.5 trn in deposits, CD ratio drops to 97% in Q4

As a result, HDFC Bank's credit-deposit (CD) ratio declined to 97 per cent at the end of March 2025, a drop of 800 basis points (bps) since March 2024

IndusInd Bank's retail & small biz deposits decline by Rs 3.5k cr in Q4

Advances contract by Rs 19,000 cr in Q4 but increased 1.4% Y-o-Y

Bhushan Steel buy case: Tata Steel gets tax notice, challenges in HC

Tata Steel said that the income tax return of Bhushan Steel for FY 2018-19 was accepted by the income tax department in June 2020 without any demand pertaining to the waiver of loan

TVS Motor integrates ION Mobility to boost EV push in Southeast Asia

This strategic move comes as part of TVS Motor's broader "Reimagine 2030" vision to drive sustainable mobility and technological advancement in a growing market

Godrej Properties eyes Rs 1,350 cr revenue from Mumbai housing project

The development will offer approximately 4.4 lakh square feet of saleable area, focusing on premium residential units, with an estimated revenue potential of Rs 1,350 crore

NCLAT rejects Busy Bee Airways plea challenging Go First liquidation

Busy Bee is backed by EaseMyTrip co-founder Nishant Pitti