Page 672 - Company News

Farewell Vistara! Airline to operate its final flight on November 11

Vistara-Air India merger: Vistara's final flight will take off on November 11, with all future bookings transitioning to Air India. Vistara will cease bookings for flights after that day

Mahindra Group, Sentrycs ink pact for development of anti-drone solutions

The MoU relates to the 'anti-drone systems' technology space and will focus on the Transfer of Technology (TOT) and manufacturing of radio frequency-based counter-drone solutions

Will Wipro go for campus hiring this year? Here's what the company said

The IT giant is planning to hire 10,000-12,000 freshers in this fiscal year in the areas of GenAI, cybersecurity, and cloud. However, the focus remains on off-campus hiring, the firm said

Cognizant puts up Chennai office on market, eyes up to Rs 800 crore deal

This property has been the company's India headquarters for over twenty years. It is spread over a 15-acre land parcel and comprises a four lakh sq ft office space

Adani Group invests Rs 2,000 crore in Dharavi redevelopment project

The Dharavi Redevelopment Project, the largest slum redevelopment initiative in Asia, will cover 640 acres in Mumbai. It is a joint venture between the Adani Group and the Maharashtra government

DGCA places Spicejet under surveillance after audit reveals deficiencies

A senior DGCA official said that based on reports of cancellation of flights and financial stress being experienced by Spicejet Airlines, a special audit was conducted

Nokia to set up world's largest fixed network testbed in Chennai

The centre, involving an investment of about Rs 450 crore, will be one of Nokia's largest research and development (R&D) laboratories (labs)

Singapore Airlines receives FDI approval for Air India-Vistara merger

With the clearance in place, the merger that will see Singapore Airlines acquiring a 25.1 per cent stake in Air India

Honda Shine revs past Bajaj Pulsar as second best-selling motorcycle

Unicorn's sales swelled 117.6 per cent Y-o-Y to 163,090 units in the January-July period this year, making it the ninth best-selling motorcycle model in the country

AI technology should not be a luxury reserved for a few, says Mukesh Ambani

Jio Brain unveiled to streamline AI

Jio now world's largest data company, carries 8% of global traffic: Ambani

JioAirFiber, the company's 5G-based home Wi-Fi service launched in October last year, acquired 1 million customers in the first six months, and the next 1 million in succeeding 100 days, Ambani said

Reliance Retail eyes 2x rise in biz, luxe jewellery foray: Isha Ambani

Firm's grocery business is one of the fastest-growing, says Isha Ambani

Tencent sells 2.1% stake in PB Fintech for Rs 1,668 cr; SBI MF, SocGen pick

Tencent Cloud Europe BV, an affiliate of Shenzhen-based technology multinational Tencent, offloaded 97 lakh shares in 15 tranches, amounting to a 2.13 per cent stake in PB Fintech

Cash crisis: SpiceJet puts 150 cabin crew on furlough for 3 months

The airline, which has been making losses for the last six years, has been finding it difficult to pay employee salaries, sources mentioned

Reliance Industries to consider bonus issue of shares, a first in 7 years

Aims to be among world's top 30 firms; silent on listing of retail, telecom units

RIL boosts shares to record, Nifty logs longest gaining streak in 17 yrs

The NSE Nifty 50 and the S&P BSE Sensex both rose about 0.6% to hit all-time highs, before trimming some gains to settle up 0.4% at record closing levels

IndiGo cofounder Gangwal sells $1.3 bn worth stake near record high

Gangwal has a fortune of $6.9 billion after adding $1.8 billion this year, according to the Bloomberg Billionaires Index, with one-third of that move coming in the past 10 days alone

Tata shelves plans for IPO of media unit after buying out Temasek

Tata may seek a valuation of more than $1 billion for the entertainment business in any potential share sale

GE Power India announces appointment of Puneet Bhatla as new MD from Sep

Puneet is no longer falling under the definition of "senior management" as per listing regulations.

LIC receives demand notice of Rs 605.58 cr for short payment of GST

The corporation has received a communication/demand order for interest and penalty for Maharashtra, LIC said in a regulatory filing