Page 5 - Company News

Festive demand lifts Audi India's retail sales to 4,510 units in 2025

German luxury carmaker Audi on Thursday reported retail sales of 4,510 units in India in 2025. Healthy festive-season demand and growth in Audi Approved (pre-owned cars), SUVs and the performance and lifestyle car range, further supported by GST 2.0, provided a timely boost to customer confidence and the overall luxury car market, Audi India said in a statement. "While market dynamics presented inherent challenges, our performance underscored the fundamental strength of the Audi vision and the invaluable loyalty of our customer base," Audi India Brand Director Balbir Singh Dhillon said. On the road ahead, he said, "Stepping into 2026, our mandate is one of clear focus and intensified purpose. We are prepared to translate market challenges into sustainable momentum through innovative product launches, enhanced customer experience and initiatives prioritising people-centric growth".

Vodafone Idea to get five-year lifeline on AGR dues of ₹87.7K crore

Dues frozen as of December 31, 2025 will be reassessed under DoT's deduction verification process, with repayments proposed from FY32; Vi says it has received no communication

Eight more companies to get incentives under auto PLI from FY27: MHI

Eight more firms will start claiming auto PLI incentives from FY27, taking the total to 18, while the government moves to invoke guarantees of 10 firms for zero investment

Hyundai Motor India announces 0.6% price hike across models from Jan 1

Hyundai Motor India Ltd on Wednesday said it will increase prices by around 0.6 per cent across its model range, effective from January 1, 2026, citing a rise in the cost of precious metals and commodities. The company will implement a weighted-average price increase of around 0.6 per cent across its model range due to the rise in the cost of precious metals and commodities, Hyundai Motor India Ltd (HMIL) said in a regulatory filing. "While the company continuously strives to optimize costs and minimize the impact on its customers, the company is constrained to pass on some of the increased costs to the market through this minor price increase," it added. At present, the company sells a range of vehicles, from the hatchback i10 Nios to the electric SUV IONIQ 5, priced from Rs 5.47 lakh to over Rs 47 lakh (ex-showroom).

Reliance's AI manifesto eyes 10x boost in productivity for workforce

Mukesh Ambani has outlined a draft Reliance AI Manifesto to make the group AI-native, targeting 10x productivity for over 600,000 employees and a wider 10x impact on India

Tata Power commissions SJVN's 1 GW DCR solar project in Rajasthan

Tata Power Renewable Energy commissioned SJVN's 1 GW DCR-compliant solar project in Bikaner, Rajasthan, taking its utility-scale renewable capacity to 11.6 GW, it said

Auto PLI favours large original equipment makers, Ather tells PMO

According to Ather, the current scheme also has high eligibility thresholds and rigid requirements

Hyundai India enters commercial mobility segment amid rising competition

Hyundai Motor India has launched Prime HB and Prime SD taxi models with petrol and CNG options, aiming to diversify volumes as domestic competition heats up and rankings tighten

Sandhya Venugopal Sharma appointed Titan chairperson from January 4

Titan Company has appointed IAS officer Sandhya Venugopal Sharma as chairperson and additional director from January 4, following a nomination by co-promoter TIDCO

Intas, IntegriMedical sign pact to launch needle-free IVF injectors

Intas has signed an exclusive agreement with SII-backed IntegriMedical to deploy needle-free injection systems across IVF clinics, targeting an all-India rollout by Q1FY26.

MapmyIndia adds metro, rail and bus routing to Mappls app for commuters

MapmyIndia's Mappls has added metro, rail and bus routing to the Mappls app in select cities, letting users plan multimodal public transport trips alongside navigation features

Lupin signs exclusive India pact with Gan & Lee for fortnightly GLP-1 drug

Lupin has signed an exclusive licensing, supply and distribution deal with China's Gan & Lee for Bofanglutide, a fortnightly GLP-1 injectable for diabetes and weight management in India

Gaurs Group raises ₹440 crore via NCDs to fund realty, expansion plans

Delhi NCR-based Gaurs Group raised Rs 440 crore via NCDs subscribed by three mutual funds to fund land acquisition, project execution and refinancing, with debentures to list on NSE

Vipin Kapooria quits as Blinkit CFO over a year after joining firm

Vipin Kapooria has resigned as chief financial officer of Blinkit, a little over a year after joining the quick commerce platform, as competition in the segment intensifies

JNPA eyes Vadhvan port for next phase of growth as it nears 12 mn TEUs

While trade flows have been disrupted globally due to new tariff regimes announced by the US government, the impact on JNPA's cargo volumes has been limited

NCLAT rejects insolvency plea against Jumbo Finvest, upholds NCLT order

Appellate tribunal NCLAT has rejected Equitas Small Finance Bank's appeal to initiate insolvency proceedings against Jumbo Finvest, upholding a National Company Law Tribunal order in the matter. Earlier, the Jaipur Bench of NCLT had rejected an insolvency plea against Jumbo Finvest, observing that it is a Financial Service Provider within the meaning of 3(17) of the Insolvency & Bankruptcy Code and is not a corporate person against whom a Section 7 application can be initiated. This was challenged by Equitas Small Finance Bank before the National Company Law Appellate Tribunal, contending that Jumbo Finvest was registered as a financial service provider by the RBI. The banking sector regulator on January 16, 2020, barred it from increasing the size of its balance sheet and was prohibited from accessing public funds in any form until further notice, as well as lending. It was submitted that in view of the order of the RBI, Jumbo Finvest actually is not in the business of a ...

Tata Steel's Dutch arm faces €1.4 bn lawsuit over alleged pollution claims

Tata Steel called the allegations speculative, saying it will "vehemently" defend itself as the environmental group sues the company for €1.4 billion

Ninjacart posts Rs 256-cr loss in FY25, revenue drops to Rs 1,634 cr

Agritech firm Ninjacart on Friday reported a loss of Rs 256 crore during the last fiscal year on lower income. In a statement on Friday, the company said its operating revenue declined to Rs 1,634 crore in the 2024-25 fiscal year from Rs 2,007 crore in the preceding year. "Losses remained largely stable at Rs 256 crore in FY25 versus Rs 260 crore in FY2024...," Ninjacart said. The company attributed the fall in revenue to its decision to discontinue select low-margin and non-core business segments. Ninjacart said its core businesses, which is a fulfilment platform serving retailers, traders, and other institutional customers (including quick-commerce players), are scaling strongly during the current fiscal year, growing at over 100 per cent year-on-year. All core businesses have already achieved operating profitability and the company is now focused on achieving overall profitability during 2026-27, it said. "FY25 was about disciplined execution and making thoughtful choices. We

Evaluating setting up shop in United States: Vikram Solar chairman

Vikram Solar Chairman Gyanesh Chaudhary says consolidation is under way in renewables, with capacity expansion, upstream investments and plans to explore the us market despite sector headwinds

Policy changes create room for foreign insurers to explore: Sompo MD

India's non-life insurance sector is set for faster growth as the Insurance Amendment Bill allows 100% FDI, boosts investor confidence and strengthens regulation, says Mathur, Universal Sompo CEO