Page 8 - Company News

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

Govt finalises affidavit in Apple case, submission to Delhi High Court soon

The CCI guidelines said that it would calculate the penalty amount up to 30 per cent of the average relevant turnover based on the nature and gravity of the contravention

Galaxy Health Insurance launches Galaxy Twin 360 with IPD and OPD cover

Galaxy Health Insurance has launched Galaxy Twin 360 for young adults, combining inpatient cover with outpatient benefits and wellness services to improve renewals and long-term adoption

Kavach expansion puts ₹50,000 crore train protection market in play

In addition, the companies are targeting export markets, including Southeast Asia, Africa, and West Asia, that may boost their business in the long run

AI influencing growth and cost, says Bharti Airtel CTO Randeep Sekhon

Bharti Airtel CTO Randeep Sekhon explains how AI is boosting network efficiency, cutting costs, improving customer experience and preventing real-time fraud across Airtel's operations

IndiGo beats Air India group in international scheduled flights, seats

IndiGo increased its seats from 7.4 million to 8.6 million

NARCL recovery tally rises to ₹4,192 crore as resolution gains pace

Government-backed bad bank sees sharp rise in resolution pace, acquires Rs 1.62 trillion in stressed debt

Swiggy raises ₹10,000 crore via QIP, cash balance touches ₹17,000 crore

Out of more than 80 investors who showed interest, allocations were made to 61 investors, of which over 15 are new shareholders, according to the company

SBI aims to double YONO app users, plans significant investment: Chairman

State Bank of India Chairman C S Setty has said that the bank is targeting to double its YONO app user base to 20 crore over the next two years with the launch of a new version on Monday. YONO 2.0 is a significant upgrade, offering a better experience for customers and a robust digital platform for the bank, and full fledged features will be rolled out over 6-8 months, he told PTI in an interview. "From a bank perspective, YONO 2.0 is a key anchor of digitalization, with a common code for internet banking and mobile banking. This allows for seamless integration across channels, enabling SBI to launch new products and processes quickly. The bank aims to leverage YONO 2.0 to enhance its digital presence and customer engagement," he said. For example, he said, YONO 2.0 developed a common core for customer journeys, which will ensure a seamless experience across internet banking, mobile banking, and branch channels for account opening or any other transaction. "Today, we have almost 10

Govt has infused over ₹3,100 crore in women-led startups in 6 years

Piyush Goyal also mentioned that while the country is home to over 2 lakh government-recognised startups, nearly 48 per cent of these startups have at least one woman director or partner