Companies

PharmEasy clocks Rs 2,533 crore in losses in FY24, revenue dips nearly 15 pc

Health-tech company PharmEasy has clocked Rs 2,533 crore in losses last fiscal (FY24), as it revenue declined almost 15 per cent at Rs 5,664 crore.

Nov 21, 2024

Adani Defends Integrity Amid US Charges, Pledges Legal Action to Protect Reputation

Adani Group challenges DoJ, SEC against US bribery claims; assures legal recourse

has strongly denied allegations made by the US Department of Justice (DoJ) and the Securities and Exchange Commission (SEC). Calling these claims baseless, the group reiterated its commitment to governance, transparency, and compliance across jurisdictions.

Nov 21, 2024

Optiemus begins telecom equipment manufacturing with Tejas Networks

Industry hails SC granting telcos right to claim tax credits on infra duties

Industry players on Wednesday welcomed the Supreme Court's ruling in favour of telecom companies, which affirmed their entitlement to claim credit for duties paid on parts such as tower components and green shelters.

Nov 20, 2024

Third Wave Coffee's net losses grow over 2 times to Rs 110 crore in FY24

Specialty coffee chain Third Wave Coffee saw its net losses grow more than two times (year-on-year) to Rs 110 crore last fiscal (FY24).

Nov 19, 2024

Adani Enterprises to launch maiden Rs 800 crore retail bond issue on September 4

Adani Airport Holdings likely to list in next 2-3 years: Report

The initial public offering (IPO) of Adani Airport Holdings Limited (AAHL), the airport unit of the diversified Adani Group, is likely to go for its public debut in the next two to three years.

Nov 19, 2024

Investors lose Rs 38,000 crore as Ola Electric's stock continues to slide

Investors lose Rs 38,000 crore as Ola Electric's stock dovetails unabated

As the shares of Bhavish Aggarwal-led Ola Electric continue to slide, a massive Rs 38,000 crore worth of investors' money has been eroded in the company's stock in just a couple of months.

Nov 19, 2024

Swiggy losing lead in market: MOFSL Report; Assigns 'Neutral' rating

Despite being an innovator and a category inventor across both food delivery and quick commerce, Swiggy has let its leadership slip away, Motilal Oswal Financial Services Ltd (MOFSL) said on Tuesday, as it initiated coverage with a 'Neutral' rating on the stock.

Nov 19, 2024

Ola Electric users continue to cry amid poor service, software glitches nationwide

Ola Electric users's woes continue unabated as software glitches grip vehicles

As the government ordered a detailed probe into Bhavish Aggarwal-led Ola Electric over its consumer complaint redressal practices, there is no respite for several of its customers, who on Monday detailed their ordeal with its electric two-wheelers.

Nov 18, 2024

LIC's entry into health insurance to significantly boost its market share

The Life Insurance Corporation of India (LIC) is expected to enter the health insurance industry in 2025 by acquiring a stake in a standalone health insurance entity, that could significantly boost the market share of country's largest insurer

Nov 15, 2024

Swiggy's share turns stale, back at public listing price in just 1 day

Online food delivery and quick commerce company Swiggy shares slipped 7.54 per cent to close at Rs 421.60 on Thursday -- just 24 hours after its strong public debut in a bearish market -- due to profit booking on higher level.

Nov 14, 2024

Black Box to leverage India's digital & AI boom to drive high-growth tech opportunities

Black Box to strive for India's digital & AI boom

Black Box Ltd, Essar's technology arm, has unveiled an ambitious growth strategy focused on India, aiming to position itself as a strategic partner for global technology companies expanding into the region.

Nov 14, 2024

Mercedes-Benz India cruises to double-digit growth as demand for luxury cars rises

Mercedes-Benz India is on course to close the current year with a double-digit jump in sales, as demand for luxury cars increased.

Nov 13, 2024

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Vistara merger with Air India takes off; Group to now operate 300 aircraft

The Air India Group on Tuesday completed the operational integration and legal merger between Air India and Vistara, creating a full-service carrier of scale and marking a significant milestone in the post-privatisation transformation journey.

Nov 12, 2024

Vistara operating last flights as merger with Air India takes off on Tuesday

Full-service airline Vistara will operate its last flights today as it will be merged with the Air India Group on Tuesday.

Nov 11, 2024

LIC's new premiums surge by 22.5 pc to Rs 1.33 lakh crore in current fiscal year

Life Insurance Corporation of India (LIC), the country's largest insurer, has achieved a 22.52 per cent increase in new business premiums at Rs 1,32,680.98 crore during the first seven months of FY25, compared to the corresponding figure of Rs 1,08,289.78 crore in the same period of the previous fiscal year, data showed on Monday.

Nov 11, 2024