Page 873 - Company News

Luxury car maker Audi India reports 33% rise in retail sales in FY24

The luxury car market in India is expected to maintain its growth trajectory, aiming to sell more than 50,000 units in 2024

Crypto exchange platform CoinSwitch's parent launches app for stock broking

The launch marks PeepalCo's expansion into stock broking. It will be operated as a separate business division with its own managing and operations teams

BMW Group, Tata Technologies partner for automotive software hub in India

The JV will deliver automotive software solutions for BMW's premium vehicles and digital transformation solutions for its business IT

South Indian Bank, Karur Vysya Bank post double digit growth in deposits

The deposits of South Indian Bank grew by 11.21% year-on-year (Y-o-Y) to Rs 1,01,929 crore from Rs 91,651 cr. Meanwhile, the deposits of Karur Vysya Bank rose by 16.28% Y-o-Y to Rs 89,113 cr

NCLAT dismisses Sundaram Brake's plea against CCI cease and desist order

The CCI has passed an order without any application of mind, contrary to fundamental principles of competition law and the law of evidence, it said

Elastic appoints Karthik Rajaram as its VP and GM for India operations

Rajaram will lead Elastic's business strategy and growth in India, drive customer satisfaction, and focus on building strong regional partnerships, said the company in an announcement

'SBI refuses to disclose SOP for sale, redemption of electoral bonds'

The court said its order required disclosure, specifically of all details of the bonds, including the names of the purchaser, the amounts and the dates of purchase

MakeMyTrip, STB partner to promote Singapore to Indian travellers

The two partners have signed a Memorandum of Understanding (MoU) for a year-long strategic partnership to boost travel to Singapore, MakeMyTrip said in a statement

As Vistara officials continue to protest for pay revision, 15 pilots quit

The airline operates a little over 300 flights daily and has a fleet of 70 planes comprising A320-family aircraft and Boeing 787s

ABCL gains over 10% as Macquarie initiates coverage with 'outperform' call

In its note, Macquarie said ABCL's lending non-banking finance (NBFC), housing finance company (HFC), and life insurance portfolio makes it an attractive proposition

JSW Energy to raise $600 million via share sale to institutional investors

The share placement could be done in one or more tranches, the energy arm of JSW Group said in an exchange filing

Aditya Birla Fashion and Retail shares zoom 17% on demerger announcement

Post the demerger, ABRFL's portfolio will consist of value retail (Pantaloons), ethnic wear, luxury and digital brands

SpiceJet to soon receive Q400 plane as part of settlement with lessor NAC

The airline has settled all past liabilities for the Q400 planes leased from NAC, and under the settlement agreement it already has five Q400 aircraft

HMSI reports 81% surge in domestic sales at 358,151 units in March

Exports increased 95 per cent to 28,304 units last month from 14,460 units in March 2023, Honda Motorcycle & Scooter India (HMSI) said in a statement

Vistara may see 70 more flight cancellations today amid crew shortage

Vistara airline, which is set to merge with Air India, is witnessing protests from pilots over revised salary contracts

Byju's laying off employees via phone calls, dropping notice period: Report

The latest round of layoffs at edtech firm is estimated to affect between 100 to 500 employees

Maruti Suzuki's total sales increase by 10% to 187,196 units in March

In the year 2023-24, the company crossed an annual total sales milestone of 20 lakh units with highest-ever yearly domestic sales of 1,793,644 units and record exports of 2,83,067 units

Bharat Biotech, Bilthoven Biologicals collaborate for oral polio vaccines

This collaboration will support the effort to create a polio-free world as the global polio eradication initiative approaches the critical phase

Zomato gets service tax demand and penalty order of Rs 184 cr

The company said it will be filing an appeal against the order before an appropriate authority as it believes it has a "strong case on merits"

PepsiCo India to invest Rs 1,266 crore to set up flavour facility in MP

PepsiCo's first flavour manufacturing facility in India is in Channo, Punjab