Page 3 - Company News

India emerges as one of Samsung's fastest-growing markets for AI appliances

The number of newly connected Samsung appliances in India grew from 82,000 in 2022 to 7,32,000 last year, said Samsung Electronics Vice President

Indian Oil independent director quits over son's petrol pump dealership

Alka Mundra resigned as an independent director of Indian Oil Corporation, citing a conflict with Sebi's independence criteria after noting her son operates an IOC retail outlet in Rajasthan

Supertech insolvency: NCLAT raises concern over delay in appointing IRP

The appellate tribunal also directed NCLT and IBBI to suggest names for appointing an interim resolution professional within a week

Tata Sons row: 'Separation of ownership and control may offer a solution'

Separation of ownership and control could increasingly be an option for businesses across the world, according to Cohen, who's a top global family enterprise academic

Rapido files insolvency plea against Magicpin over unpaid operational dues

Rapido has filed an insolvency petition against Magicpin at the NCLT over alleged unpaid operational dues of less than ₹10 crore.

Karnataka HC upholds ED seizure of Genpact head office in ₹7,800 cr case

Court allows Genpact to continue operations from its Gurugram office despite the seizure, while directing a fresh decision on its NOC request for a proposed $100 million GIFT City investment

Maruti Suzuki aims to sell 1 mn green vehicles in FY27, debuts S-CNG range

India's largest carmaker raised its green vehicle sales target from 800,000-900,000 units, banking on rising crude prices and new automatic CNG variants

Inside the 24 hours that laid bare Tata's fight for control and its future

Directors voted 4-1 to extend N Chandrasekaran's tenure by five years and advance listing plans, rebuffing Tata Trusts chairman Noel Tata's push to keep the group private

More two-wheeler buyers opting for top-end variants now, says TVS Motor

TVS says technology, safety and features are driving buyers towards higher-end variants, while easier finance is helping first-time buyers enter the premium segment.

Air India CEO weighs folding budget unit into group to cut costs

Tewolde Gebremariam is considering merging Air India Express with Air India to cut costs and streamline operations as the carrier battles heavy losses

Indian Bank to explore partners for insurance, mutual fund businesses

Indian Bank aims to enter the insurance and asset management spaces through joint ventures within 1.5 to 2 years, while launching wealth management services in H2

Objective a stronger Tata institution, not victory for one side: Shapoorji

RBI order on Tata Sons listing has provided 'full clarity', Mistry says a day after Noel Tata opposed any such move

Asset restructuring among Tata Sons' options to avoid a public listing

One possible route would be to reduce Tata Sons' relevant asset base below the ₹1 trillion threshold for classification as an upper-layer NBFC, according to a former regulatory official

Day 1 sales of iPhone 18 Pro 15-28% higher than 17 Pro, shows data

Preliminary market estimates show day-one demand for the iPhone 18 Pro series up 15-28% in India, with the new burgundy shade replacing last year's orange as the top choice

L&T looks to scale up modularisation to boost project execution

EPC major sees a $100-150 billion modularisation opportunity over five years as skilled labour shortages, high costs and remote locations pose execution challenges

Air India's incoming CEO Gebremariam meets Civil Aviation Minister K Naidu

Air India's incoming CEO Tewolde Gebremariam on Friday met Civil Aviation Minister K Rammohan Naidu.

FSSAI launches legal action against Nestle over infant food violations

The regulator's adjudication sanction lists promotional claims made for the products and a laboratory finding related to biotin content among the issues

Sustainability programme drives growth, India key to expansion: PepsiCo

The company is evolving its product portfolio to offer more choices while strengthening the business for the long term

FSSAI initiates legal action against Nestle India over infant products

According to FSSAI, it examined NAN Excella Pro Stage 1, Lactogen Pro 1, and a follow-up formula along with their promotional material available on e-commerce platforms

Nexperia to partner with Tata on chip production, packaging in India

Nexperia will work with Tata Electronics on semiconductor production and packaging in India