Page 74 - Company News

IndiGo cancels over 220 flights in Mumbai, Delhi as disruptions continue

The disruptions have resulted in hundreds of flight cancellations and delays in the last few days, causing hardships to thousands of passengers

Deloitte to launch AI platform 'Tax Pragya' for faster client insights

Deloitte India Partner Sumit Singhania said Tax Pragya, which is set to be launched on December 9, has been built with direct and indirect tax-related data on over a million court cases

Wakefit raises ₹186 cr from Steadview, WhiteOak, Capital 2B ahead of IPO

With the anchor allocation completed, Wakefit is now set to launch its ₹1,289-crore initial public offering (IPO), which will open for subscription on December 8

Nalco plans to start Pottangi bauxite mines in Odisha by mid-2026

Dilip Buildcon Ltd had emerged as L-1 bidder for the development and operation of Pottangi bauxite mines

Ceat aims to boost global presence, developing tyres for different markets

The RPG Group firm garners around 20 per cent of its revenues from exports and expects the contribution to grow over the next few years

AceVector files updated IPO papers, targets ₹300 crore fresh issue

AceVector has filed an updated DRHP with Sebi to raise Rs 300 crore via a fresh issue and an OFS of up to 63.87 million shares. Founders won't sell; SoftBank, Nexus and Foxconn may

Cancelled 800 flights today; addressing refund issues on priority: IndiGo

Domestic carrier IndiGo has said it cancelled over 800 flights on Saturday, much lower than Friday's number of more than 1,000, and it is addressing all customer refund issues on "priority".

Patanjali Ayurved signs MoU with Russian govt to promote health & wellness

One of the primary objectives of the MoU is to expand Patanjali's wellness services in Russia

Advent's $1 bn deal talks for Whirlpool India collapse due to disagreements

Advent had emerged as the frontrunner to acquire a 31 per cent stake in Whirlpool of India from Whirlpool Corp, which would have triggered a mandatory open offer to acquire a majority stake

Biocon to integrate Biocon Biologics in $5.5-bn tranx, pivots away from IPO

Proposed transaction will result in Biocon Biologics becoming a wholly-owned subsidiary of Biocon, simplifying the group structure, and strengthening the consolidated balance sheet

Biocon to make Biocon Biologics a wholly owned subsidiary in $5.5 bn deal

Biocon Biologics Chief Executive Shreehas Tambe will become CEO and managing director of the combined entity post-integration

SKF India Industrial expects top line to nearly double in 5 years

SKF India Industrial expects revenue to scale to about ₹4,500 crore in five years, with margins improving post-2028 as a Pune plant-led capex cycle is completed and efficiency rises

Fino becomes first payments bank to get RBI's nod to convert into SFB

A payments bank is eligible to apply to transition into an SFB after completing five years of operations, subject to meeting compliance and regulatory requirements

Some related-party transactions not disclosed inadvertently: Kaynes Tech

The company, however, said that these transactions were not required to be disclosed under the consolidated accounting standards as per the Indian Accounting Standards

Lumax group expects to more than double its revenue in 4-5 years

Unlike many other auto component makers in India, the Lumax Group is not focused on exports

Gorilla Glass maker Corning's ₹1,000 crore Chennai unit on track

Corning, through its Optiemus JV Bharat Innovative Glass Technologies, has inaugurated a Rs 1,000-crore mobile cover-glass unit in Chennai, targeting 30 million pieces capacity in the first phase

Blackstone-backed Nexus Select Trust eyes three malls in eastern India

Blackstone-backed mall operator eyes expansion in Kolkata, Patna, Ranchi and Guwahati as it moves to double its portfolio to 30 malls by 2030

Netflix in exclusive talks to buy Warner Bros Discovery assets at $28/share

Netflix is aggressively diversifying beyond its core subscription model to drive new revenue streams

British American Tobacco sells 9% stake in ITC Hotels for ₹3,820 crore

The ITC Hotels stock on Friday closed at ₹206 a share on the BSE, down by 0.84%

Healthify seeks more weight-loss drug partnerships after Novo Nordisk deal

The deal marks Healthify's first such partnership with a drugmaker, and it hopes similar agreements will boost its paid subscriber base