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Samsonite India sales rise 38% During the first half of 2023, Samsonite International SA, which covers the Southeast Asian markets for the luggage maker, said net sales in India jumped 38% (constant currency) in India

Uniqlo’s Mumbai push: Two new stores in October The first store in Mumbai will come up in Phoenix Marketcity, Kurla, on 6 October, while the second one will open up around the same time at Oberoi Mall

Redbird Aviation eyes overseas flight schools The company recently acquired a flying school in Sri Lanka and is looking for more opportunities abroad.

iPhone 15 local assembly begins as launch nears Foxconn, the world’s largest electronics manufacturer, is assembling these devices at its Sriperumbudur facility in Tamil Nadu

Adani family sells $1.1 bn power arm stake to GQG This is the largest ever secondary equity transaction with GQG Partners

Adani promoters raised ₹39.4K cr amid scrutiny Market veterans believe this liquidity could be used as growth spending and to repay any near-term debt obligations of group companies if needed

Indian cos’ annual legal costs hit ₹40K cr on rising M&A, IP cases Law firms have bulked up to meet rising demand, recruiting hundreds of law grads from campuses as well as from rival firms

Gangwal to sell around 4% of IndiGo for ₹3,370 cr The block sale is part of Rakesh Gangwal’s plans to cut his stake in InterGlobe Aviation, which operates IndiGo, India’s largest airline

AI, AI Express integration: Code share, route recast These steps are part of a strategy that includes the merger of AirAsia India and Air India Express, which will operate as Air India’s low-cost unit, offering budget flights on non-trunk routes

‘India a priority market for eBay’ In an interview, Vidmay Naini, eBay’s general manager for global emerging markets, which include India and Southeast Asia, spoke about the challenges faced by India’s e-commerce exporters and the role of generative artificial intelligence (AI) in e-commerce...

More an overheated summer than a funding winter in FY23: Prime Venture's Swamy In an interview, Prime Venture Partners' co-founder Sanjay Swamy spoke about the firm’s investment thesis, why it has continued a focused portfolio and how it handles founder-investor relations

Today, NCLT will hear ICICI Bank's insolvency petition against Supertech Township Project On August 16, NCLT will address ICICI Bank's insolvency petition against Supertech.

Aptech CEO Anil Pant passes way Anil Pant passed away on 15 August, according to Aptech Limited's BSE filing

ONGC to expand its renewable energy portfolio to 10 GW by 2030 ONGC is planning to set up two green-field oil-to-chemical plants in India

Mukesh Ambani's Reliance issues guarantee for RJIL, RINL. Ensures compliance and no adverse impact Reliance issues guarantee for LTE equipment to Samsung India and for crude oil to Saudi Aramco. No adverse impact on company.

GoFirst flight cancellations extended until 18 August GoFirst airline extends flight cancellations till August 18. The airline has approximately 4,200 employees, and it reported total revenue from operations at ₹4,183 crore in the financial year 2021-22

RIL issues ₹7,706 crore guarantee for Samsung's 5G equipment supply to Jio Jio has committed an investment of ₹2 trillion for providing pan-India 5G services, having started network rollouts from October 2022

NCLAT seeks RBI response on plea of former promoter of Srei Infra Finance Last week, the Kolkata bench of NCLT approved the resolution plan of NARCL for takeover of twin Srei firms under Insolvency and Bankruptcy Code. The resolution plan had received approval from the Reserve Bank of India

Coal India capex rises 8.5% to ₹4,700 crore in April-July of FY24 The capex utilization during the period was nearly 100 per cent of the progressive target of ₹4,754 crore and 28.3 per cent of annual target of ₹16,600 crore of FY24.

VIP Industries elevates CFO as MD designate after Anindya Dutta resigns Kashiramka joined VIP Industries on 7 April 2020, and was appointed executive director and CFO of the company with effect from 8 May, 2023