Page 510 - Company News

Fog mandate: DGCA denies Akasa relief, enforces CAT-III pilot rule

The airline had informed the DGCA that without this exemption, its entire flight operations could face a "cascading" impact

Musk's Tesla restarts search for showroom space in New Delhi with DLF

It was not immediately clear whether Tesla will consider importing cars at the tax rate of as high as 100 per cent or if it will make investment commitments under India's new policy

RBI approves Burmans' 26% stake buy in Religare; AGM scheduled for Dec 31

Shareholders of the firm to vote on Rashmi Saluja reappointment as director on Dec 31

Shubham Housing raises Rs 1,000 crore in round led by Multiples PE

Existing investors Asian Development Bank (ADB) and British International Investment (BII) also participated in the round, which consists of a mix of primary and secondary transactions

Omnicom's Interpublic Group buy to make it India's second-largest ad firm

IPG has a presence in India through IPG Mediabrands India. Globally, WPP, Omnicom, Publicis Groupe, and IPG form the 'Big Four' of the advertising world

Amazon pledges to enable $80 bn exports from India by 2030; partners DPIIT

Amazon had earlier pledged to digitising 10 million micro, small, and medium enterprises (MSMEs) and creating 2 million jobs in the country by 2025

Canadian pension fund arm co-leads $180 mn investment in India's Mintifi

Canadian investors, especially pension funds, have been present in India for many years and have backed a slew of entities and projects for handsome returns

Medusa partners with Warner Bros for 'House of the Dragon' beer launch

The beer highlights smoky, burnt notes, mirroring the fiery essence of roasted malts

IndiGo to offer business class seats on select Delhi-Bengaluru flights

All 15 daily flights between Delhi and Bengaluru will be operated with aircraft configured with these business class seats by March next year

Will use multiple technologies to reduce carbon emissions: Maruti Suzuki MD

MSIL plans to launch its first electric car in India in January 2025. Not just MSIL, Hyundai and Kia will also launch their first mass-market electric cars in India next year

Reliance Power forms new arm for renewable energy biz; appoints CEO, COO

Both of them have joined the company from ReNew. Bansal was Group President of ReNew Power's India RE Business and Swaroop served as Vice President and Head of Utility Business at ReNew Power

Boeing restarts 737 MAX production a month after 7-week strike ended

Getting the 737 MAX production line moving again is essential to the heavily debt-burdened planemaker's recovery, and Boeing has about 4,200 orders for the jetliner from airlines

Nippon Life in talks to buy US' Resolution Life in deal worth $8.2 bn

Nippon Life will purchase the shares it does not already own in Resolution Life from Blackstone and others to make it a wholly owned subsidiary in the second half of 2025

Amazon to enter quick commerce race with 15-min delivery trial in Bengaluru

This initiative marks Amazon's first venture into offering a 15-minute delivery service globally; the initial rollout will include thousands of products

Cloud-based testing platform LambdaTest gets $38 mn in Avataar-led funding

"KaneAI is more than a tool-it's a transformative approach to QA, empowering teams to test smarter and faster, with less manual effort," said Asad Khan

YesMadam's 'fired for stress' stunt explodes, company faces backlash

YesMadam's controversial 'fired for stress' campaign has sparked outrage on social media, with users calling it a cheap PR stunt

StanChart names ex-JPMorgan chief PD Singh as India, South Asia CEO nominee

If approved, P D Singh will succeed Zarin Daruwala, who is set to retire on April 1, 2025, after nearly a decade in the role

Vedanta faces Rs 1.71 crore penalty in FY18 GST dispute over cenvat credit

Vedanta plans to challenge GST orders as it disputes penalties over transitional credit from FY18

Burmans get RBI nod for 26% Religare stake offer, await Sebi approval

The RBI grants conditional approval for the Burman family's 26% stake offer in Religare, with restrictions on board changes. Sebi approval is still pending amid valuation disputes

Stride Ventures rolls out $300 mn 4th fund as venture debt gains traction

Deployments exceeding Rs 100 crore include companies like BlueStone, Upstox, Moneyview, Ather, among others