Page 483 - Company News

Toyota Kirloskar Motor's December sales increase 29% to 29,529 units

The company said it recorded its best-ever calendar year sales in 2024 at 3,26,329 units. This was higher by 40 per cent as compared to 2,33,346 units sold in 2023

Hero MotoCorp gets additional tax demand of Rs 26.4 cr from I-T dept

The tax officer has made the additions to the reported income to the tune of around Rs 96.5 crore resulting in an additional tax demand of Rs 26.4 crore

Quick commerce will rival e-commerce majors Amazon, Flipkart: Zepto CEO

IPO-headed Zepto reported a 120 per cent increase in operating revenue to Rs 4,454 crore in FY24

Maruti Suzuki reports 30% rise in wholesales at 178,248 units in Dec 2024

Sales of mini cars comprising Alto and S-Presso were higher at 7,418 units last month

Viacom18 now a direct subsidiary of Reliance. CCPS conversion complete

Viacom18 is now a direct subsidiary of Reliance Industries following the conversion of 246.1 million CCPS into equity shares. The move aligns Viacom18 with Reliance's media expansion strategy

Hyundai Motor reports 2.4% decline in sales at 55,078 units in Dec 2024

Exports last month were at 12,870 units, as against 13,700 units in December 2023, down 6.1 per cent

Starting Jan 1, 2025 Air India to offer in-flight Wi-Fi on domestic flights

Starting 1 January 2025, in-flight Wi-Fi services available on all flights operated by Air India's A350, B787-9 and select A321neo aircraft.

Air India to increase global coverage in years ahead: CEO Wilson

He also said the interior refit of the single-aisle fleet, serving domestic and short-haul international destinations, is underway

Mahindra logs 18% jump in Dec car sales to dealers on strong SUV demand

Mahindra, India's second-biggest SUV maker by market share, has remained resilient amid a broader slowdown in car sales

Audi India reports 26.6% decline in retail sales at 5,816 units in 2024

The first half of 2024 brought supply-related challenges for Audi India

New leadership for India Cements, UltraTech appoints new CEO, CFO

The board of India Cements Ltd (ICL) has approved the appointment of Suresh Vasant Patil as CEO and Krishnagopal Ladsaria as CFO

Mahindra hits new highs: 77% share surge, leads NIFTY50 on CAGR front

Mahindra & Mahindra achieved a 77% share price surge, leading the NIFTY50 with the highest CAGR since 2002. The company also prioritised sustainability and launched two premium electric SUVs in 2024

Bajaj Auto reports 1% decline in total sales at 3,23,125 units in Dec 2024

Total two-wheeler sales were at 2,72,173 units last month against 2,83,001 units in the year-ago period

JSW MG Motor India reports 55% increase in sales at 7,516 units in Dec 2024

The company recorded its highest-ever EV sales in December and NEV (new energy vehicle) sales accounted for over 70 per cent

Ireda loan disbursement up 41% to Rs 17,236 crore in December quarter

The outstanding loan book surged by 36 per cent, reaching Rs 69,000 crore as of December 31, 2024, compared to Rs 50,580 crore last year

Tata's qcom enterprise Bigbasket expands offerings, boosts delivery speed

In 2024, Bigbasket Now demonstrated its ability to deliver not only staples but also a wide range of products across categories

Kirloskars' to challenge Sebi for seeking disclosure of family settlement

Sebi in a letter dated December 30, 2024 advised the companies to disclose the DFS, entered into amongst the members of the Kirloskar family in their personal capacity

Focus on next-gen therapeutics, AstraZeneca to restructure biopharma unit

Global portfolio includes over 20 novel therapies; development follows reports of layoffs affecting over 125 employees within the unit

BS CEO poll: Corporate India sees demand recovery, capex surge in 2025

Top execs plan to go on hiring spree, expect govt to offer tax incentives

Magicpin's top management delivers food on bikes on New Year's Eve

The company recently forayed into quick commerce for food delivery with the launch of its magicNow brand that will work for over 2,000 food brands and 1,000 merchants to start with