Sirius India Airlines Offers Charter Flight Services
The Indian aviation sector is set to witness the arrival of a new player – Sirius India Airlines. The company, co-founded by airline industry veteran Arun Kashyap, has announced its foray into chartered flight services. To cater to the burgeoning demand for private air travel in India, Sirius India Airlines has partnered with Airavat Aviation, […]
Maruti Suzuki Expands Manesar Plant by 1 Lakh Units
Maruti Suzuki, India’s undisputed leader in passenger vehicles, has announced a significant acceleration in its manufacturing capabilities. The company recently inaugurated a brand new assembly line at its Manesar facility in Haryana, resulting in a substantial production capacity increase of 1 lakh units per year. Reaching New Production Milestones This expansion propels the Manesar plant’s […]
Dixon Set to Buy Majority Stake in Transsion Unit
Dixon Technologies, India’s leading contract manufacturer, has signed a share purchase agreement to acquire a controlling stake in Ismartu India, a manufacturing unit owned by Chinese phone maker Transsion Holdings. The deal will see Dixon acquire a 50.10% stake in Ismartu India for an initial consideration of Rs 238.36 crore in cash. There’s also the […]
Godrej Project Extension Denied by Gurugram RERA
In a move that will send ripples through the Gurugram real estate market, the Gurugram Real Estate Regulatory Authority (RERA) has rejected Godrej Developers’ application for a crucial project registration extension. The decision, announced on April 9, 2024, follows a string of non-compliances by the developer with the Real Estate (Regulation and Development) Act, 2016 […]
RBI’s Industry Survey: Manufacturing Companies
The Reserve Bank of India (RBI) launched the 65th round of its Order Books, Inventories and Capacity Utilisation Survey (OBICUS) on April 9, 2024. Initiated in 2008, this critical quarterly survey serves as a vital tool for the RBI to gauge the health of the manufacturing sector and shape its monetary policy decisions. Data for […]
HDFC Credila Raises $100M via ECB Route for Loan Expansion
HDFC Credila, a leading education-focused lender in India, announced on Tuesday, April 9, 2024, that it has successfully raised USD 100 million through the External Commercial Borrowing (ECB) route. This strategic move aims to fuel the company’s loan book expansion and cater to the burgeoning education loan market in India. The Indian education loan market […]
Baba Ramdev, Balkrishna Apologize: SC on Misleading Ads
Yoga guru Baba Ramdev and Patanjali Ayurved Ltd’s managing director, Acharya Balkrishna, recently submitted affidavits to the Supreme Court expressing their unconditional apology for the company’s misleading advertisements. This action follows a lawsuit filed by the Indian Medical Association (IMA) against Patanjali. The IMA accused the company of making unsubstantiated claims about curing diseases and […]
SIDBI, KarmaLife Offer Gig Workers Micro Loans
The Small Industries Development Bank of India (SIDBI) has partnered with fintech platform KarmaLife to provide much-needed financial support to gig workers. This pilot program aims to bridge the gap in financial inclusion for this segment of the workforce, by offering microloans specifically tailored to their needs. A Growing Workforce in Need of Support The […]