Page 42 - Companies News

17 scheduled airlines in country, DGCA issues 718 Air Operator Certificate

There are 17 scheduled airlines operating in India while the number of aircrafts endorsed by the aviation regulator DGCA on the Air Operator Certificate (AOC) is 718.

AI Express-AirAsia India merger will present big opportunities: CEO Singh

The integration of Air India Express and AirAsia India is expected to be complete by the end of next financial year and the merged entity will have "enormous growth opportunities" in the coming years

Lamborghini sees opportunity to enhance growth in Indian market: Chairman

Winkelmann was responding to a query on how Lamborghini's hybridisation and electrification programme would impact growth in the Indian market

WinZO to invest $50 mn in gaming ecosystem as part of Game Developer Fund

The games cover diverse genres from casual, action, sports to mid-core multiplayer games such as tennis, golf, more

IndiGo embarking on next level of growth, cost leadership crucial: CEO

He noted that the V-shaped recovery of the country's aviation sector has been a part of learning

PepsiCo to invest $400,000 for expansion of safe water access in UP

This initiative is aligned with the three priority campaigns of the central government: the Jal Jeevan Mission, Jal Shakti Mission and Swachh Bharat Mission, the Foundation said in a statement

SpiceJet restructuring balance sheet; to push for fleet expansion: CEO

The airline will also be having a significant number of dedicated cargo aircraft, he said, adding that the cargo business has helped the airline pay off its liabilities

Samsung to invest in smart manufacturing capability, research in India

Samsung Electronics President and Head of Mobile eXperience Business T M Roh said that the company will continue to invest in research and development facility in the country

Optiemus, Primebook join hands to manufacture Made-in-India 4G laptops

As part of the partnership, Optiemus will be manufacturing around one lakh laptop units for Primebook by the end of March 2024

Renault Nissan inks agreement with Kamarajar Port for car shipments

So far, over more than 13 years, the Alliance has exported over 1.15 million cars from Kamarajar Port to around 108 global destinations

EV charging infra platform CHARGE+ZONE raises $54 mn in Series A1 funding

The freshly raised capital, which is a combination of both debt and equity, will be utilised to support high-speed charging network expansion plans, the company said

Ganga Realty to invest Rs 750 cr to build affordable housing project

The company will develop 2,972 apartments in new project 'Tathastu', which is spread over 22 acres in Sector 5, Sohna-Gurugram. The price of the apartment starts from Rs 25 lakh

Crew crunch amid network expansion forces Air India to cut six US flights

A few flights to Bangkok and Dubai will be operated by Airbus A320 aircraft instead of the wide-body Boeing 787

Strong case to hike coal prices, could happen soon: CIL Chairman Agrawal

Agrawal also said he is confident the mining behemoth will achieve its production target of 1 billion tonnes by 2025-26

Air India to temporarily reduce frequency of flights on some US routes: CEO

Air India will reduce the frequency of flights on certain US routes due to crew shortage issues for a temporary period, its chief Campbell Wilson said on Monday

Jayanti Chauhan to head Bisleri International after Tatas walk out

Jayanti has been involved in the company's business for several years and of late, she has been working on expanding Bisleri's Vedika brand

Glenmark gets USFDA nod to market generic medication to treat schizophrenia

The company's product is the generic version of GlaxoSmithKline's Compazine tablets, it added

Indian airlines to report $1.6-1.8 bn consolidated loss in FY24: CAPA

According to CAPA India, Indian airlines are estimated to have a net induction of 132 planes next fiscal and will take the total fleet of all carriers to around 816 aircraft

UBS takes over Credit Suisse: Everything you need to know about the crisis

Credit Suisse crisis: Swiss government said it would provide $9 bn to help UBS meet the possible losses while taking over Credit Suisse, and Swiss National Bank will provide $100 bn of liquidity

FSIB to soon start selection process for new LIC chairman this month

The Financial Services Institutions Bureau (FSIB), the headhunter for directors of state-owned banks and financial institutions, may select a new chairman of insurance behemoth LIC this month