Page 70 - Company News

DGCA summons IndiGo CEO; court raps govt, airline over crisis: Top points

On Wednesday, IndiGo cancelled over 60 flights from Bengaluru airport, even as CEO Pieter Elbers claimed yesterday that the airline's operations were back on track

Uber enters B2B logistics via ONDC, expands metro ticketing to Bengaluru

Uber's tie-up with ONDC brings its B2B logistics service, Uber Direct, to Bengaluru, beginning with grocery deliveries. The platform has also added metro ticket booking in the city

Sumadhura Group inks ₹600 cr pact with T'gana to develop 100-acre project

Signed at the Telangana Rising Global Summit 2025, held at Bharat Future City, the commitment aligns with the state's vision to transform Telangana into a $3 trillion economy

Thrilled about upcoming data centre capacity in India: Microsoft CEO

Earlier on Tuesday, Satya Nadella met with Prime Minister Narendra Modi, and shortly after that, he announced $17.5 bn investment in the country

Zydus Lifesciences introduces biosimilar for cancer patients' bone health

This will provide access and treat patients with bone metastases due to breast, prostate, lung, myeloma, kidney, thyroid and other solid tumours, the drug firm said in a regulatory filing

Adani Group to invest up to ₹12 trillion in India by 2031: Gautam Adani

The sizeable investments will be made in infrastructure, mining, renewable energy and ports, among others, he said

Delhi HC allows Sun Pharma to manufacture, export its weight loss drug

The approval marks a major win for Sun Pharma in its patent dispute with Danish drugmaker Novo Nordisk, the company that manufactures weight loss drug Ozempic

Meesho debuts on NSE, BSE; Prosus to hold 11.2% stake after listing

Prosus keeps an 11.2% stake after the closely watched listing, adding to a string of Indian tech IPOs

Kalpataru Projects International bags new orders worth ₹2,003 crore

KPIL is one of the largest specialised EPC companies engaged in Power Transmission & Distribution, Buildings & Factories, Water Supply & Irrigation, Railways, Oil & Gas Pipelines Urban Mobility

Air India initiates crew rostering, aircraft readiness for fog season

The northern parts of India, including Air India's primary hub, Delhi, experience low visibility due to dense fog, with the potential to have a cascading impact on flight schedules

IndusInd Bank chairman to step down in January amid organisational overhaul

The bank reported its largest-ever quarterly loss in the three months ended March 31, following a $230 million hit to its accounts, amid governance and accounting failures

Amazon to invest over $35 billion in India by 2030, betting big on AI

Amazon says it will invest over $35 billion in India through 2030, focusing on AI-driven digitisation, ecommerce exports and job creation, soon after Microsoft's $17.5 billion cloud and AI push

Edelweiss planning to expand presence to 100 cities across India

The asset management company is looking to expand into smaller towns and cities where a growing number of investors are looking to funnel their savings into Indian stocks, Chief Executive Officer said

BlackRock fund to invest about $225 million in Aditya Birla Renewables

BlackRock's Global Infrastructure Partners will also have a 'greenshoe option' to invest a further ₹1,000 crore in the Indian company, taking the total investment to ₹3,000 crore

Microsoft bets $17.5 bn on India's AI-first future with cloud, AI infra

The new investment will be used to scale Microsoft's cloud and AI infrastructure, skilling initiatives and ongoing operations across India, Microsoft said

IndusInd Bank makes key appointments to strengthen leadership team

IndusInd Bank has made key leadership appointments, naming a new CHRO, chief data officer, head of wholesale banking and an MD and CEO for Bharat Financial Inclusion, its microfinance subsidiary

Novo Nordisk moves HC to stop Sun Pharma's weight-loss drug launch

The dispute centres on Novo Nordisk's Indian patents for semaglutide, which it markets globally as Ozempic and Wegovy for Type 2 diabetes and weight management

Adani Enterprises' ₹24,930 cr rights issue 90% subscribed ahead of close

AEL had outstanding loans of ₹1.1 trillion at the end of September 2025, up from ₹80,400 crore a year ago

Zydus and Formycon ink licensing agreement for biosimilar in US, Canada

Zydus will commercialise FYB206 in North America, while Formycon will lead development, regulatory filings and supply, with a US FDA filing expected soon

Birla Estates aims for top 3 spot in core markets with ₹45,000 cr pipeline

Aditya Birla group's realty arm eyes commercial scale-up via partnerships