Page 871 - Company News
Vistara apologises to passengers for flight cancellations amid pilot unrest
Since Monday, Vistara has been compelled to cancel over 150 flights, allegedly due to a specific group of pilots taking sudden sick leave at the end of March
 "Vistara apologises to passengers for flight cancellations amid pilot unrest")
Marico expects uptick in growth of core categories via ongoing initiatives
"In Q4, the domestic business posted a slight uptick in volume growth on a sequential basis owing to steadying trends in the majority of the portfolios," the company said
 "Marico expects uptick in growth of core categories via ongoing initiatives")
ZEE Entertainment's Punit Goenka to lay off 15% of workforce to cut costs
In the new lateral structure, Punit Goenka, MD & CEO, has proposed the elevation of certain team members across businesses
 "ZEE Entertainment's Punit Goenka to lay off 15% of workforce to cut costs")
Wooing electric vehicle titan Tesla: Four states pull out all the stops
Gujarat likely the front runner but TN, Telangana, Maha not far behind
 "Wooing electric vehicle titan Tesla: Four states pull out all the stops")
United Breweries gets tax demand of over Rs 263.70 cr from Maha GST dept
Demand is also raised on account of non-submission of declaration forms for concessional rate of tax, it added
 "United Breweries gets tax demand of over Rs 263.70 cr from Maha GST dept")
Air India hired over 5,700 people in FY24, including over 3,800 flying crew
The annual appraisal cycle for the staff has been underway at the airline for some time
 "Air India hired over 5,700 people in FY24, including over 3,800 flying crew")
Vistara expects normal ops by May, stretched roster caused disruptions: CEO
"It might be a reduced schedule... we are back to normal as far as the flights that are operating... the need to cancel flights at short notice will not happen after this weekend," he said
 "Vistara expects normal ops by May, stretched roster caused disruptions: CEO")
Marico expects revenue growth in Q4 after three quarters of fall, shares up
Consumer goods makers have grappled with subdued sales in rural areas in recent quarters as people cut back spending on both essentials and discretionary items amid price pressures
 "Marico expects revenue growth in Q4 after three quarters of fall, shares up")
Operating conditions remain subdued, Africa sales sting: Godrej Consumer
Its Indonesia operations, which contributed nearly 13% of Godrej's revenue in the December quarter, delivered double-digit percentage sales growth, the company said
 "Operating conditions remain subdued, Africa sales sting: Godrej Consumer")
Paytm parent approves grant of 91,250 stock options for eligible employees
It said each stock option (of 91,250 stock under ESOP 2019) is convertible into one fully paid up equity share having face value of Rs 1 each. The exercise price per stock option is Rs 9
 "Paytm parent approves grant of 91,250 stock options for eligible employees")
Titan Q4 results: Revenue grows 17% on robust demand for jewelry products
The jewelery segment, which houses brands including Tanishq and CaratLane, was boosted by healthy inflow of buyers and double-digit percentage growth in its same-store sales
 "Titan Q4 results: Revenue grows 17% on robust demand for jewelry products")
HP launches AI-enhanced laptops designed for gamers, content creators
The newly launched laptops include the Omen Transcend 14 and HP Envy x360 14
 "HP launches AI-enhanced laptops designed for gamers, content creators")
How did Accenture manage to secure $1 billion worth of GenAI deals?
The company is an early adopter of the tech and has leveraged its first-mover advantage, supported by clients' increased discretionary spending on GenAI
 "How did Accenture manage to secure $1 billion worth of GenAI deals?")
Canon eyes double digit growth in Indian market, launches NorthStar
Launches NorthStar, a first-of-its kind platform for imaging workflow
 "Canon eyes double digit growth in Indian market, launches NorthStar")
Aerospike raises $109 mn to accelerate artificial intelligence innovation
According to International Data Corporation (IDC), the AI market is projected to reach $251 billion by 2027
 "Aerospike raises $109 mn to accelerate artificial intelligence innovation")
Dr Reddy's to market Bayer's second brand of heart failure drug in India
Under the agreement, Dr Reddy's will market Vericiguat under the brand name Gantra
 "Dr Reddy's to market Bayer's second brand of heart failure drug in India")
TPG Investments exits Shriram Group; Sanlam ups stake in SGIC and SLIC
Sanlam has already entered into a share purchase deal to buy 6.29 per cent in SGIC and 7.04 per cent in SLIC from TPG India Investments
 "TPG Investments exits Shriram Group; Sanlam ups stake in SGIC and SLIC")
RBI imposes penalty of Rs 1 crore on IDFC First Bank for violation of norms
The penalty on IDFC First Bank has been imposed for non-compliance with certain directions on Loans and Advances Statutory and Other Restrictions', the central bank said in a statement
 "RBI imposes penalty of Rs 1 crore on IDFC First Bank for violation of norms")
Dr Reddy's, Bayer partner to market second brand of Vericiguat in India
Vericiguat is currently approved for use in 35 countries
 "Dr Reddy's, Bayer partner to market second brand of Vericiguat in India")
TPG exits Shriram Group; Sanlam ups stake in SGIC and SLIC
Sanlam has already entered into a share purchase deal to buy 6.29 per cent in SGIC and 7.04 per cent in SLIC from TPG India Investments