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Company Updates

Tata Motors DVR investors worried about 30% discount for conversion

In Short:Retail investors and mutual funds will lose around ₹18,568 crores in the conversion of Tata Motors DVR to ordinary shares. Promoters will gain...

Global car sales reach record highs in 2023, e-car sales to hit 17 million in 2024

In Short:The number of electric cars being sold is increasing rapidly, with a projection of reaching 17 million in 2024. This would represent over...

Air India says goodbye to Boeing 747 aircraft.

In Short:The first of the last four Boeing 747s of Air India, known as the "queen of the skies," flew out of Mumbai's airport...

Pratip Mazumder named as inDrive’s country manager for India

In Short:Pratip Mazumder has been appointed as the Country Manager for inDrive India, with a focus on business verticals, government relations, partnerships, and initiatives....

Potential shift in packaged food companies towards transparency & healthier options

In Short:Organised packaged food companies are under increasing scrutiny due to concerns raised by public health advocates, social media influencers, and users about health...

Pramerica Life Insurance targets 30% CAGR in NBP over next 5 years

In Short:Pramerica Life Insurance is aiming for a 30% growth in new business premium income over the next five years, targeting ₹1,100 crore NBP...

CNH Industrial seeks to utilize India’s tech expertise and cost benefits for global needs

In Short:CNH Industrial, a global agricultural and construction solutions company, plans to utilize Indian talent and cost advantages to develop future technologies and products...

UltraTech buys Maharashtra asset of India Cements for ₹315 crore

In Short:UltraTech Cement, part of Aditya Birla Group, is acquiring a grinding unit in Maharashtra from India Cements for ₹315 crore. This will expand...

Zomato faces tax notice, owes ₹11.82 crore

In Short:Zomato, an online food delivery platform, has been ordered to pay ₹11.82 crore for GST on export services provided to its subsidiaries outside...

Tesla recalling 4,000 Cybertrucks due to sticky accelerator pedal

In Short:Tesla is recalling almost 4,000 of its 2024 Cybertrucks due to a problem with the accelerator pedal. The pedal can get stuck, causing...

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