Page 867 - Company News
Air India plans to send narrow body A320 pilots on deputation to Vistara
For operating Vistara's wide body Boeing 787 planes, around 24 pilots are already on deputation from Air India. They include 16 commanders and eight first officers, the source said
 "Air India plans to send narrow body A320 pilots on deputation to Vistara")
Anil Ambani's Reliance Infra says SC imposed no liability on company
Setting aside the award, the top court ordered DAMEPL to refund all sums previously paid by the Delhi Metro Rail in accordance with the arbitral award. DMRC had paid Rs 3,300 crore to DAMEPL
 "Anil Ambani's Reliance Infra says SC imposed no liability on company")
HDFC Bank opens branch in Kavaratti island, 1st private lender to do so
The bank becomes the first private sector lender to have a presence in Lakshadweep, according to a statement
 "HDFC Bank opens branch in Kavaratti island, 1st private lender to do so")
DCM Shriram gets Rs 100 cr sustainable finance from Standard Chartered Bank
DCM Shriram is in the diversified business of Chlor-vinyl, power, cement, sugar, fertiliser among others
 "DCM Shriram gets Rs 100 cr sustainable finance from Standard Chartered Bank")
Maruti Suzuki raises price of select cars, Swift hiked by up to Rs 25,000
Now, Swift is available at a price range of Rs 5.99 lakh to Rs 8.89 lakh (ex-showroom Delhi). The Sigma variant of Grand Vitara is priced at Rs 10.8 lakh (ex-showroom Delhi)
 "Maruti Suzuki raises price of select cars, Swift hiked by up to Rs 25,000")
Tata Motors-owned JLR India sales rise 81% at 4,436 units in FY24
Retail sales of SUVs, Range Rover, and Defender continued to grow with year-on-year increases of 160% and 120% respectively
 "Tata Motors-owned JLR India sales rise 81% at 4,436 units in FY24")
Vodafone Idea to launch FPO next week, seeks to raise Rs 18,000-20,000 cr
Vodafone Idea has enlisted Jefferies, SBI Caps, and Axis Capital as lead managers for the FPO
 "Vodafone Idea to launch FPO next week, seeks to raise Rs 18,000-20,000 cr")
Tech Mahindra, Microsoft announce unified workbench for analytics platform
The collaboration will help organisations to adopt Microsoft Fabric and create complex data workflows with simple-to-use interface
 "Tech Mahindra, Microsoft announce unified workbench for analytics platform")
Beware of deepfake of CEO recommending stocks, says National Stock Exchange
The exchange said its officials are not authorised to recommend or deal in any stocks
 "Beware of deepfake of CEO recommending stocks, says National Stock Exchange")
Maruti Suzuki applies for Bharat-NCAP safety ratings for some vehicles
In August last year, the government launched Bharat-NCAP, India's very own and independent safety performance evaluation protocol for automobiles
 "Maruti Suzuki applies for Bharat-NCAP safety ratings for some vehicles")
Signature Global net debt up 6% in FY24 to Rs 1,160 cr on land acquisitions
On Sunday, Signature Global reported that its sales bookings more than doubled to Rs 7,270 crore in 2023-24 from Rs 3,430 crore in the previous financial year
 "Signature Global net debt up 6% in FY24 to Rs 1,160 cr on land acquisitions")
India fastest growing market, 25% growth expected in 2024-26: Bridgestone
Bridgestone India does not publicly share its revenue numbers
 "India fastest growing market, 25% growth expected in 2024-26: Bridgestone")
Summer cheer for beer firm United Breweries as margins remain stable
Cheaper raw material prices and growth in premium segment expected to help company
 "Summer cheer for beer firm United Breweries as margins remain stable")
Ola Cabs shuts down international ventures, shifts focus to Indian market
The future of mobility is electric - not just in personal mobility but also for the ride-hailing business, and there is immense opportunity for expansion in India, said the statement
 "Ola Cabs shuts down international ventures, shifts focus to Indian market")
Hinduja Group enters MF space as IIHL picks up 60% in Invesco AMC
Inks deal with US' Invesco to form JV; IndusInd to hold 60% stake
 "Hinduja Group enters MF space as IIHL picks up 60% in Invesco AMC")
Ramdev, Balkrishna file 'unconditional' apology in Patanjali ad case
The court had also slammed the Central government and asked why it chose to keep its eyes shut when Patanjali claimed that allopathy medicine offered no protection against Covid-19
 "Ramdev, Balkrishna file 'unconditional' apology in Patanjali ad case")
Battleground 2024: Next govt to pursue reforms agenda, says Citigroup
Citigroup said simple consolidation of Opposition votes is unlikely to significantly affect electoral outcomes for BJP given its dominant vote share in 2019
 "Battleground 2024: Next govt to pursue reforms agenda, says Citigroup")
Maruti Suzuki adds new line, to boost manufacturing capacity by 4.5%
India's largest carmaker operates three manufacturing plants across the country
 "Maruti Suzuki adds new line, to boost manufacturing capacity by 4.5%")
Energised by possibilities ahead of Wipro in era of tech progress: CEO
Wipro's new CEO Srinivas Pallia said he is energised by possibilities before the company and the industry, in a new era fuelled by rapid technological progress.
 "Energised by possibilities ahead of Wipro in era of tech progress: CEO")
Microsoft to invest $2.9 billon to expand AI, cloud infra in Japan
The investment - the company's largest in the 46 years of its operations in the country - will also go towards skilling three million people in AI and setting up a Microsoft Research Asia lab in Tokyo
 "Microsoft to invest $2.9 billon to expand AI, cloud infra in Japan")