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Company Updates

PSU Oil Giants Fuel EV Revolution with Charging Network Growth in FY24

In Short:In FY24, India's major oil companies added over 7,800 electric vehicle (EV) charging stations, boosting the total to nearly 17,000 nationwide. Indian Oil...

Xiaomi India Appoints Sudhin Mathur as New Chief Operating Officer

In Short:Xiaomi India has appointed Sudhin Mathur as its new COO. With a strong background from Sony Ericsson and LG Mobiles, Mathur aims to...

ITI and SEPC Secure Development Contracts in Bihar

In Short:Bihar has awarded two major development projects worth over ₹480 crore. ITI Limited will supply 100,000 solar street lights for ₹300 crore, enhancing...

Govt Unveils Draft Guidelines for Payment Security and Financial Aid in PM Surya Ghar

In Short:The Ministry of New & Renewable Energy (MNRE) has proposed guidelines for financial assistance related to rooftop solar installations under the PM Surya...

GMR Group Acquires 10% Stake in Delhi Airport, Fraport Exits India

In Short:GMR Group is buying a 10% stake in Delhi International Airport Ltd from Fraport AG for about ₹1,058 crore ($126 million), raising its...

Carrefour Launches Strategic Return to India Through Exclusive Franchise Deal

In Short:Carrefour is returning to India through a franchise deal with Apparel Group. They plan to launch Carrefour's exclusive brands, starting in North India...

Tata Sons Allocates ₹10,000 Crore for Arms Investment in FY24

In Short:In FY24, Tata Sons invested nearly ₹10,000 crore in various subsidiaries, including Tata Projects and Tata Electronics, focusing on growth and capital needs....

Elon Musk Announces SpaceX’s Plan to Launch First Starships to Mars in 2 Years

In Short:SpaceX plans to launch its first uncrewed Starships to Mars in two years to test landing reliability, as announced by Elon Musk. If...

ED Seizes ₹5,115 Crore in Properties Linked to Amtek Group Loan Fraud

In Short:The Enforcement Directorate (ED) has attached assets worth over ₹5,000 crore as part of an investigation into a bank loan fraud by the...

Godfrey Phillips Shareholders Support Bina Modi’s Reappointment as MD

In Short:At Godfrey Phillips India's Annual General Meeting, nearly 87% of shareholders voted to reappoint Bina Modi as Managing Director, despite ongoing family inheritance...

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