Page 798 - Company News

Air India gives increments to staff, announces performance bonus for pilots

This is the first appraisal process after Tata Group took over the loss-making airline a little over two years ago

Boeing faces 'long road' on safety issues after door accident: US FAA

In late February, FAA Administrator Mike Whitaker gave Boeing 90 days to develop a comprehensive plan to address 'systemic quality-control issues' and barred it from expanding 737 MAX production

Xiaomi ups EV goal to 120,000 as Q1 tops forecasts on strong phone sales

The company's SU7 currently has four models, with prices ranging from 215,900 to 299,900 yuan. As of May 15, Xiaomi has delivered 10,000 EVs

Sterlite Power gets stakeholders' nod to demerge its biz into 2 entities

Move to unlock funding avenues for the power equipment business: MD Pratik Agarwal

Domestic travel, tourism sector ready to capitalise on upcycle: IHCL MD

This evolving landscape is marked by a heightened consumer awareness and a stronger preference for brands

IndiGo to introduce business class in flights on busiest routes this year

Details on product offering, launch date and routes will be unveiled around its 18th anniversary in August

Consultations underway at MCA for expansion of audit firms in India

These discussions have involved representatives from notable firms who have independently submitted their recommendations to the ministry

Google picks Tamil Nadu for production of smartphones, drones: Report

The Alphabet Inc. unit plans to assemble Pixel phones in the state, setting up new production lines with Taiwanese contract manufacturing partner Foxconn Technology Group

Zudio sold 90 t-shirts, 17 lipsticks each minute in FY24, entered 46 cities

Tata Group's fashion chain appeals to young Indians looking to refresh their wardrobe regularly, says annual report of parent company Trent

Page Industries Q4 earnings miss on high inventory costs, muted demand

Soaring inventory costs hit Page Industries' bottom-line even as post-COVID demand for its innerwear and athleisure collections stayed steady

Cube Highways announces Rs 3.94 per unit dividend totaling Rs 508 cr for Q4

The per unit distribution comprises Rs 1.79 as interest, 20 paise as dividend, Rs 1.94 as repayment of SPV loan and 1 paisa as treasury income, it said in a statement

Sterlite Power gets stakeholders' nod to demerge transmission business

SPTL is a leading private sector power transmission infrastructure developer and GPS provider

Goswami Infratech gets nod to delay payment due this month: Report

The company has received sufficient creditor backing for a proposal to delay a bond payment, according to the people familiar who asked not to be identified

Tesla breaks ground on Megapack energy storage battery factory in Shanghai

It said the factory was slated to start mass production in early 2025, with an initial capacity of 10,000 Megapack units a year

Delhivery partners SUGAR Cosmetics for pan-India B2B logistic operations

The logistics company has been a long-standing partner for the brand's D2C express parcel shipping, Delhivery said in an exchange filing

Emcure, Gennova settle legal dispute with US-based HDT Bio, sign agreement

Litigation before courts in the US and arbitral tribunal in London settled, two sides say

JSW Paint turns profitable; aims for Rs 5,000 crore sales in two years

JSW Paints, which is among the new entrants in the fast-growing Indian paints industry, is aiming to grow much faster than the market

MG Motor India signs pact with Vertelo to deliver 3K EVs in phased manner

The partnership will focus on providing sustainable mobility solutions to riders and will also work towards establishing a robust EV charging infrastructure in the country, MG Motor India said

Godrej Properties sells 650 flats for Rs 2K cr in Noida amid strong demand

This is Godrej Properties' most successful-ever launch in Noida in terms of the value of sales achieved, the company highlighted

Air India Express struggles with roster software, over 50 flights affected

The Tata-owned airline has been compelled to manually assign duties and organise schedules for its staff, affecting around 50 out of the 300 daily flights operated by the airline