Page 776 - Company News

RIL registers sub-lease deed for land to develop global economic hub

Mukesh Ambani-led firm moves a step closer to develop the global economic hub, proposed in 2018

Tata Motors board okays to incorporate new wholly-owned unit for CV biz

The company has proposed the name of the new unit as TML Commercial Vehicles Ltd (TMLCVL)

Garuda Aerospace aims to sell 50,000 agri, consumer drones in coming years

In a statement on Tuesday, the company said it has received the Directorate General of Civil Aviation approval for manufacturing of small and medium drones

Air India ties up with Delhi Metro, DIAL to facilitate int'l check-ins

Service will now be extended to international flyers and will remain operational at two Delhi metro stations-- New Delhi and Shivaji Stadium-- from 7 am to 9 pm

Ambani faces pushback over 5G deal from parliamentary minority in Ghana

The Ghanaian government's plan to launch a 5G network using a company partnering with Mukesh Ambani is a bad deal for the debt-ridden nation, which needs funds for critical development projects

Baron Capital boosts food delivery firm Swiggy valuation to $15.1 billion

The food delivery firm's investors have been consecutively marking up the company's valuation over the last year as it gears up for an IPO this year

FSSAI asks food biz to remove claim of 100% fruit juice from packet labels

Upon thorough examination, FSSAI has concluded that, according to the Food Safety and Standards (Advertising and Claims) Regulations, 2018, there is no provision for making a '100%' claim

IndiGo eyes lesser-known international destinations for next growth phase

It made a successful push into central Asia last year with flights to less-frequented cities like Baku, Almaty, Tashkent and Tbilisi, opening travel destinations void of major competition

Battery Smart collaborates with Zepto for greener last-mile deliveries

The tie-up will enable Zepto's two-minute battery swaps across more than 30 cities, besides helping it deploy 10,000 new electric vehicles (EVs) to its fleet in FY25, Battery Smart said

ZEE Entertainment plans to raise funds through issue of shares, QIPs

Though the company has not specified the amount it plans to raise, Zee Entertainment Enterprise Ltd (ZEEL) in a regulatory filing said its board is meeting on June 6 to consider the proposal for this

Adani One launches two variants of co-branded credit cards with ICICI Bank

Cardholders can get up to 7 per cent Adani reward points on spends within the Adani Group ecosystem

Urge stakeholders to stand against threat to press freedom: Subhash Chandra

He also said that there have been structured attempts against it by the governing class

Power Grid Corp stock in expensive zone despite its market dominance

The nature of core business guarantees stable returns and the company pays regular dividends but valuations are high for a business with regulated tariffs and relatively low growth visibility

Around 31% employees experience age-related discrimination at work: Study

About 61 per cent respondents said job advertisements in India have age biases (qualifying age criteria or years of experience), it added

Lifestyle accessories major Titan's near-term margin headwinds on watch

Watch and jewellery maker prioritising sourcing, pricing, product innovation, and operational efficiencies

Wipro appoints Bruno Schenk as country head, MD for Switzerland

Schenk is taking over from Ren Mulder, who has decided to explore new opportunities beyond Wipro, the company said

Kalyan Jewellers to invest Rs 42 crore to complete Candere buyout

The deal, to be completed in three tranches, will make Candere a wholly owned unit as Kalyan Jewellers shifts focus from pure e-commerce to an omnichannel strategy, the company said

Some clarity on GenAI is beginning to emerge now: Nandan Nilekani

The real power of AI, Nilekani said, will come from configuring all the different models and tools to get the best solutions

GenAI will be a significant revenue source for us, says Sridhar Mantha

At present, our team is actively engaged in the development of 15 GenAI projects, each tailored to meet the unique needs of our diverse client base

SpiceJet cancels Chennai flights till June 10, cites 'operational reasons'

Sources said that the airline has cancelled a total of about 60 flights until June 10 to and from the Chennai airport due to the aforementioned suspension