Page 29 - Company News

Maruti Suzuki's WagonR crosses 3.5 million production milestone

The WagonR is currently manufactured at Maruti Suzuki's plants in Gurgaon and Manesar, Haryana

Bharti Airtel appoints Soumen Ray as group chief financial officer

Ray was most recently the finance chief for Bharti Airtel India, a role he held for the last four years

Max Healthcare Institute to invest ₹1K cr in Pune super speciality hospital

Max Healthcare Institute Ltd on Thursday said it will invest over Rs 1,000 crore to set up a 450-bed super speciality hospital in Pune. The facility, situated in Yerawada, Pune, will mark the company's foray into the city and is expected to be commissioned over the next 3 years, Max Healthcare Institute Ltd said in a statement. The hospital will be the company's fourth facility in Western India. The company said its investment involves staggered acquisition of a 100 per cent equity stake in Yerawada Properties Pvt Ltd (YPPL), Pune and further development of the hospital over the course of next three years. "This proposed hospital will bring advanced medical care closer to patients in the region. Our entry into Pune is a strategic milestone for Max Healthcare and aligns with our long-term vision of expanding our presence in key healthcare markets across the country," Max Healthcare Institute Ltd Chairman and Managing Director, Abhay Soi said. Stating that Pune is one of India's ...

Japan's JAPEX buys US tight oil and gas assets in $1.3 billion deal

JAPEX will buy VRIH, which holds assets in Colorado and Wyoming, from Verdad Resources Feeder LLC using a mix of its own funds and debt. The transaction is expected to close by the end of Feb 2026

ASK Private Wealth flags AI-led earnings, FII return as 2026 themes

The report noted that the ongoing AI cycle is structurally different from previous technology booms, as it is being driven by earnings growth rather than valuation expansion

Speciale Invest plans ₹1,400 cr Growth Fund II for India's deep-tech scale

The deep-tech-focused venture firm plans to raise ₹1,400 crore for its second growth fund to back companies from Series A, betting India's ecosystem is shifting from research to execution

RBI norms potentially allow capital infusion into Axis Finance: MD & CEO

Amitabh Chaudhry discusses RBI's new norms, potential capital infusion into Axis Finance, margin pressures, deposit trends, credit growth and regulatory changes shaping Indian banking

India to offer more opportunities for next 500 mn users: Prosus' Sharma

The India head of the Dutch tech investment firm explains why Prosus is betting on India's heterogeneous market and AI-first strategy

Tata Motors' Sierra clocks 70,000 bookings on opening day of sales

Tata Motors said the new-generation Sierra logged 70,000 confirmed bookings in 24 hours, with deliveries set from January 15, 2026, and prices ranging from Rs 11.49 lakh

Apple in talks with Indian chipmakers to assemble iPhone chips in India

Apple held talks with Murugappa Group-owned CG Semi, which is building an outsourced semiconductor assembly and test (OSAT) facility in Sanand, Gujarat, the report said

Mizuho to buy majority stake in India's Avendus from KKR for $523 mn deal

Mizuho Securities, part of Japan's third-largest banking group, Mizuho Financial Group, said it will buy 61.6% to 78.3% of Avendus shares and make the bank a consolidated subsidiary

Indigo crisis: PIL filed in Delhi HC seeking direction for compensation

A PIL has been filed in the Delhi High Court seeking to direct the Centre and Indigo airline to pay four times the compensation of the full ticket price to all passengers whose tickets were cancelled during November and December after the new Flight Duty Time Limitation (FDTL) rollout. The public interest litigation, which will come up for hearing on Wednesday before a bench of Chief Justice Devendra Kumar Upadhyaya and Justice Tushar Rao Gedela, also sought an enquiry by a retired judge or Lokpal to identify the negligence and lapses of the Directorate of Civil Aviation (DGCA) in precipitating the crisis. The petition further sought to direct the Union Ministry of Civil Aviation and the Department of Consumer Affairs to initiate a "class action suit" according to the provisions of the Consumer Protection Act against Indigo for the suffering and damages caused to the passengers due to the crisis in the last couple of months. According to the petitioner, Centre for Accountability and

Apple exports record $2 billion worth of iPhones from India in November

Apple's iPhone exports in November constitute nearly 75 per cent of the total smartphone exports from the country amounting to $2.7 billion in the month

NCLT Mumbai okays demerger of Vedanta into five distinct entities

After clearance at the first motion stage, SEPCO moved an intervention application relating to disputes with Talwandi Sabo Power Limited

RBI gives nod to HDFC Bank's arms to acquire up to 9.5% in IndusInd Bank

The RBI approval to HDFC Bank to increase its stake in IndusInd Bank through its group entities is valid for a year, that is, till December 14, 2026

EV startup Evera Cabs to deploy 4,000 BluSmart cars on its platform

Earlier this year, commercial driver management platform Signodrive Technologies leased the fleet of 4,000 vehicles from Gensol Engineering under an insolvency resolution process

India's Digantara raises $50 mn to boost indigenous space surveillance

The Bengaluru-based startup, backed by Peak XV Partners and Kalaari Capital, secured funds from large investors including SBI Holdings Japan, 360 One Asset, and film producer Ronnie Screwvala

DGCA probe panel on flight disruptions visits IndiGo headquarters

The four-member panel, set up by Director General of Civil Aviation Faiz Ahmed Kidwai to investigate large-scale operational disruptions at domestic carrier IndiGo earlier this month, visited the airline's headquarters on Monday as part of the ongoing probe, sources said. During the visit, they said, the panel members checked multiple aspects of the operations that could have resulted in the disruptions. "The panel members visited IndiGo headquarters on Monday. They remained there throughout the day to take the ongoing probe ahead," a source privy to information told PTI. During the visit, said another source, the probe panel checked multiple aspects of operations, including infrastructure that could have resulted in such a large-scale disruption of services. The four-member panel, comprising Joint DG Sanjay Brahamane, Deputy Director General Amit Gupta, senior Flight Operations Inspector Kapil Manglik, and FOI Lokesh Rampal, has been tasked with identifying the root causes of ...

NCLAT: WhatsApp must seek user consent before sharing data with Meta

The earlier Nclat judgment had upheld the ₹213.14 crore penalty against Meta and WhatsApp but had left ambiguity over the extent of user-choice safeguards

Tata Power to weigh 20-50 Mw SMR plants, says MD & CEO Praveer Sinha

Tata Power on Monday said it is aiming for a capex of Rs 25,000 crore in the current fiscal year and will look to maintain the same annual spend till FY30. As per an investor presentation, 65 per cent of the capex is aimed at clean energy projects. Tata Power, which made a capital expenditure (capex) of Rs 17,273 crore in FY25, almost doubled the same to Rs 25,000 crore in FY26. The total capex estimated between FY26 and FY30 is Rs 1.25 lakh crore with Rs 25,000 crore spent annually, as per the presentation. In an interaction, Sinha said, "We are well poised to achieve our aspirations." In the power generation segment, the company had a thermal capacity of 15.7 GW in FY25, which it looks to scale up to 30 GW by FY30, he said. "From 7 GW of clean and green capacity, we aim to increase it to 20 GW almost three times by March 2031," Sinha said. The capacity of transmission lines both operational and under-construction stood at 7,047 circuit kilometres (ckm) as of FY25. The same wil