Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Airtel Postpaid Customers To Automatically Get Benefit Of 'Priority Postpaid' Service: MD
Airtel India, MD and CEO, Shashwat Sharma, in a letter to customers, said prepaid customers will need to upgrade to postpaid plans to avail similar services.
India's private sector growth fades in May as a manufacturing growth slows
Growth across India's private sector economy faded slightly halfway through the first fiscal quarter, with the latest HSBC Flash PMI figures showing weaker increases in total new orders, international sales, employment and business activity. After retreating in April, input price inflation ticked higher, but firms limited the pass-through of additional cost burdens to clients by lifting output charges to a lesser extent. Service providers outperformed manufacturers and experienced softer inflationary pressures. Registering 58.1 in May, the HSBC Flash India PMI Composite Output Index a seasonally adjusted index that measures the month-on-month change in the combined output of India's manufacturing and service sectors was down only marginally from 58.2 in April and therefore signalled another marked expansion in private sector activity. Underlying data showed that a pick-up in growth across the service economy was offset by a weaker increase in factory production, one that was the ...
Adani Ports to acquire 100% stake in Jaypee Fertilizers & Industries
JFIL is the holding company of Kanpur Fertilizers and Chemicals (KFCL) (which has certain industrial and commercial lands in Kanpur). KFCL holds ~243 acres of land in Kanpur, strategically ideal for development of a world-class logistics park and warehousing facilities aligned with the Company's logistics business. The acquisition shall further consolidate Company's inland logistics presence and service capabilities in North India. The acquisition aligns with Company's ambition to expand its MMLP network from 12 to 16 and warehousing capacity by c.4x by the year 2031.
AI use cases may lead to Rs 100 crore savings for Air India
Air India is leveraging AI extensively, developing over 30 in-house tools to save approximately Rs 100 crore annually. These AI applications range from customer service, reducing call volumes by 50%, to complex operational tasks like predictive maintenance and optimizing on-time performance across its fleet. This digital overhaul aims to enhance efficiency and address the airline's accumulated losses.
Eurobank Starts UPI-Based Remittance Service From Greece For Indian Customers
The facility is currently available only to Indian customers in Greece who hold accounts with Eurobank.
Ola Electric Claims Customers Kept Buying Despite Viral Service Complaints
Ola Electric Chairman Bhavish Aggarwal said scooter demand rebounded after months of viral complaints over delayed repairs and service issues as inventory levels dropped sharply across its network.
Ola Electric To Restart New Product Launches After Service Problems Hit Rollout Plans
Ola Electric said it slowed new product launches while dealing with service backlogs, spare-part shortages and operational issues across its repair network.
Tailift Group introduces intelligent sheet metal processing solutions to the Indian market
Tailift Group has established TLF INDIA MACHINERY SOLUTIONS PRIVATE LIMITED as its Indian sales and service center, enhancing local support for its metal sheet processing equipment. This strategic move, backed by over 50 years of experience and a global network, aims to bolster Tailift's presence and offer advanced smart manufacturing solutions to the Indian market.
BLS International shares soar 9% as Q4 PAT jumps 29% YoY to Rs 187 crore
BLS International shares rose sharply on Wednesday after the company posted a strong Q4FY26 performance, with net profit rising 29% YoY to Rs 187 crore and revenue up 17.6%. Both Visa & Consular and Digital Business segments recorded solid growth, supported by new global visa centres and expanded service partnerships.
Insurers resist as customer comfort weighs on exec pay
Indian insurers are opposing new rules for executive pay. The regulator wants to link compensation to customer service, not just profits. Insurers argue a one-size-fits-all approach won't work for all companies. They seek flexibility in setting performance goals. This comes amid increased scrutiny of claims and customer service.
Insurers resist as customer comfort weighs on exec pay
Indian insurers are opposing new rules for executive pay. The regulator wants to link compensation to customer service, not just profits. Insurers argue a one-size-fits-all approach won't work for all companies. They seek flexibility in setting performance goals. This comes amid increased scrutiny of claims and customer service.
Airtel launches priority postpaid plans with 5G slicing
Bharti Airtel is enhancing its network for post-paid customers. The telecom giant will use standalone 5G technology and network slicing. This allows for multiple virtual networks on one physical infrastructure. Each virtual network will be customized for specific needs like speed or latency. This priority service will be rolled out to existing post-paid users.