Page 377 - Company News
BYD to build a plant in India: Can it reshape the car and EV market?
BYD's India entry will spark a new EV battle. Can it outpace local giants and repeat its China triumph over Tesla, or will the competition reshape India's electric mobility landscape?
 "BYD to build a plant in India: Can it reshape the car and EV market?")
Piramal Finance plans to foray into gold loan business for growth
Investment banking sources said the Piramal group is open to acquisitions, though it is not involved in any talks
 "Piramal Finance plans to foray into gold loan business for growth")
Plan to become all-economy airline by April 2026: Air India Express CEO
"The airline aims to carry about 30 million passengers in 2025-26, roughly 50 per cent more year-on-year, as the aircraft inducted in the latter part of 2024-25 will have their full impact in 2025-26"
 "Plan to become all-economy airline by April 2026: Air India Express CEO")
Ashok Leyland's defence unit bags orders worth Rs 700 cr from Indian Army
Contracts are for diverse range of vehicles combining 'superior reliability with exceptional off-road capability'
 "Ashok Leyland's defence unit bags orders worth Rs 700 cr from Indian Army")
IHCL launches Claridges Collections, bets big on India's luxury market
"The happening place in the world is India, so international is not our focus," said Chhatwal, who revealed that he had done his internship at The Claridges back in 1982
 "IHCL launches Claridges Collections, bets big on India's luxury market")
ICICI Pru Life Insurance gets Rs 328 cr tax demand notice for FY24
The company shall file an appeal against the said order before the Commissioner (Appeals) within the prescribed timelines, it added
 "ICICI Pru Life Insurance gets Rs 328 cr tax demand notice for FY24")
Cropin secures Walmart project to boost sourcing in US, South America
The partnership aims to mitigate risks associated with weather, market volatility, and supply chain disruptions, ensuring a steady supply of high-quality perishable goods
 "Cropin secures Walmart project to boost sourcing in US, South America")
CIEL HR Group acquires Vibrant Screen to strengthen HR solutions portfolio
CIEL HR has expanded its portfolio through strategic acquisitions, including Jombay, Aargee Staffing, Courseplay, and Thomas Assessments / People Metrics
 "CIEL HR Group acquires Vibrant Screen to strengthen HR solutions portfolio")
Nayara Energy appoints Deepesh Baxi as its Chief Financial Officer
Prior to joining Nayara Energy, he was Chief Financial Officer & Wholetime Director at Castrol India Limited
 "Nayara Energy appoints Deepesh Baxi as its Chief Financial Officer")
Federal Bank to buy additional 4% stake in Ageas Federal Life Insurance
With this, the stake of Federal Bank in Ageas Federal will rise to 30 per cent, from 26 per cent
 "Federal Bank to buy additional 4% stake in Ageas Federal Life Insurance")
Cornerstone Ventures to raise $200 million in its second fund by 2025 end
Through its second fund, the company aims to focus on companies operating in the domains including agentic AI, quantum tech, and Web3
 "Cornerstone Ventures to raise $200 million in its second fund by 2025 end")
Vedanta Group submits EoI to acquire Jaiprakash Associates via insolvency
Sources said that Vedanta Group has submitted an Expression of Interest (EOI) to acquire the bankrupt JAL. Adani Group has also submitted an EOI
 "Vedanta Group submits EoI to acquire Jaiprakash Associates via insolvency")
Ashok Leyland's defence business bags multiple orders worth Rs 700 cr
With these orders, Ashok Leyland has further strengthened its position as a leader in advanced land mobility solutions for the armed and paramilitary forces
 "Ashok Leyland's defence business bags multiple orders worth Rs 700 cr")
Fintech firm Biz2X plans to hire 200 professionals across roles in FY26
Biz2X is a turnkey global SaaS platform that enables financial institutions to provide a customised online lending experience for their small and mid-size business customers
 "Fintech firm Biz2X plans to hire 200 professionals across roles in FY26")
IHCL plans to add 4,500 rooms in FY26, introduces Claridges Collection
The company, which introduced its new 'Claridges Collection' on Friday, plans to have over 20 properties by 2030 under the new boutique luxury hotels brand starting with the Claridges New Delhi
 "IHCL plans to add 4,500 rooms in FY26, introduces Claridges Collection")
'X's allegations of censorship are groundless': Centre on Musk's lawsuit
Elon Musk-owned X filed a lawsuit seeking to quash the government's Sahyog portal, which notifies tech companies about harmful online content
 "'X's allegations of censorship are groundless': Centre on Musk's lawsuit")
Kalpataru denies ties to fraudulent group misusing name after ED statement
Kalpataru Ltd. also pointed out that it is in the process of taking further legal action against the group for misusing its trademark
 "Kalpataru denies ties to fraudulent group misusing name after ED statement")
Decathlon revenue crosses ₹4,000-cr mark in FY24, posts profit of ₹197 cr
Decathlon Sports India Pvt Ltd has reported its revenue from operations at ₹4,008.26 crore, up 2.24 per cent for the financial year that ended on March 31, 2024
 "Decathlon revenue crosses ₹4,000-cr mark in FY24, posts profit of ₹197 cr")
AI Express to expand virtual interline ties with foreign low-cost carriers
Currently, the airline has a fleet of 103 planes comprising 67 Boeing 737s and 36 A320s, and operates around 485 flights daily
 "AI Express to expand virtual interline ties with foreign low-cost carriers")
Coal India, ONGC Videsh among firms seeking stake in SQM's lithium projects
KABIL has partnered with Coal India, Oil India, and ONGC Videsh to seek the 20 per cent stake in SQM's Mount Holland and Andover lithium projects in Western Australia
 "Coal India, ONGC Videsh among firms seeking stake in SQM's lithium projects")