Page 827 - Company News

IndiGo places $5 billion order for 30 A350-900 widebody aircraft

To mark foray into long-haul routes, taking the fight to A-I

Edelweiss Alt's fund acquires Bengaluru's MMTP Projects for Rs 1,500 cr

The park houses office spaces for companies from various sectors like manufacturing, BFSI, lifestyle, consumer goods, auto, technology, flex space, and consulting

Kotak Mahindra Bank actively working to address RBI's concerns: CEO

RBI barred Kotak Mahindra Bank from onboarding any new customers through its online and mobile banking channels and also prohibited it from issuing fresh credit cards

17,000 credit cards mapped to wrong users, no misuse reported: ICICI Bank

The second largest private sector lender, however, said that no instances of any misuse have been reported because of the error, and also promised to compensate users for any financial loss

Dow sees quarterly sales below estimates over weak consumer durables demand

Retail sales in Germany, Europe's largest economy, fell unexpectedly in February, while the continent's manufacturing activity continued its decline during the first quarter

Tata Steel to invest £1.25 billion in electric arc furnace in Port Talbot

The decision follows seven months of formal and informal national-level discussions with the UK Steel Committee (the multi-union forum) and its advisers, the company said

REC gets 60.5 bn yen green loan from Italian export credit agency SACE

The arrangement between SACE and REC is a breakthrough and a first-of-its-kind collaboration between an Indian government entity and SACE

RBI directs Talkcharge to stop PPI, wallet issuance; refund balances

The fintech firm offers services such as cashbacks, coupons, and wallets to customers

Flipkart bets big on generative AI to improve customer, seller experience

Datar believes that, as the company builds scale, it will be able to improve on the returns on investment (ROI) it is witnessing from its AI bets

GlaxoSmithKline sues Pfizer, BioNTech over Covid-19 vaccine technology

GSK said in the lawsuit that Pfizer and BioNTech's Comirnaty vaccines violate the company's patent rights in mRNA-vaccine innovations developed "more than a decade before" the outbreak of COVID-19

Will continue to invest in tie-ups with Chinese firms, says Mercedes-Benz

China is 'the most dynamic new energy vehicle market', country chief Hubertus Troska said at a press conference on the opening day of the Beijing auto show

Koo halts salary payments amid financial woes, seeks strategic partners

Indian platform that was once seen as a potential rival to Twitter says that it is in discussions with potential strategic partners

Swiggy secures shareholders' approval to raise over Rs 10,400 cr via IPO

The company is looking to shore up about Rs 750 crore from anchor investors in a pre-IPO round

Fundraise of Rs 18,000 cr 'fresh lease of life' for Vi, says KM Birla

Calling it as the beginning of 'Vi 2.0', Birla said the money raised will be invested in the business, which will trigger a cycle of growth

Nestle India, Dr Reddy's to form joint venture for nutraceutical brands

This collaboration aims to expand their complementary nutraceutical portfolios in areas like metabolic care, hospital nutrition, general wellness, women's health, and child nutrition

Inox Wind board cleares bonus issue in 3:1 ratio to its shareholders

The bonus shares shall be issued to the shareholders whose names appear in the Register of Members as on the 'Record Date', a company statement said

Spices Board examining ban on few MDH, Everest products over quality issues

The CFS collected the samples from three retail outlets in Tsim Sha Tsui, respectively for testing under its routine Food Surveillance Programme

FSSAI commissions nationwide quality check on MDH, Everest products

This move comes after Hong Kong and Singapore food departments recalled some variants of spice mixes from both companies

Spice Board of India tells Everest, MDH to give details of quality checks

The companies' products are hugely popular in India and are exported to countries in Europe, Asia and North America

IndiGo places first-ever widebody aircraft order for 30 Airbus A350 jets

Such a deal would be worth more than $9 billion, as per the last catalogue rates published in 2018