Corporates

IndiGo has specialized in buying in bulk, ordering 430 jets in the A320neo family on top of an initial contract for 100 older A320 models. That's made IndiGo one of the biggest buyers of Airbus's best-selling plane. Such large-scale orders help airlines negotiate discounts and better maintenance terms.

Airtel is struggling to add subscribers in a saturated market after Jio managed to lure more than 30 crore users over the past three years -- a quarter of the world's second-largest market.

Jet Airways crisis: Struggling with a debt of more than $1.2 billion, the airline - which suspended all its flight operations last month - owes money to lessors, suppliers, pilots and oil companies. Jet Airways' group of lenders have taken a controlling stake in the airline, and are currently in the process of selling a stake to recover their dues.

Mirae Asset-Naver Asia Growth Fund and Alibaba were joined by the UK government's development finance institution, CDC Group, in the funding round, Bigbasket said.

Ola Electric is currently running several pilot projects involving charging solutions, battery swapping stations, and deploying vehicles across two, three and four-wheeler segments.

Jet Airways halted operations on April 17 after its lenders refused to provide further funds to keep it afloat

Among the 11 banks led by IDBI Bank, only Jammu and Kashmir Bank voted in favour of Suraksha's bid, the lone bid in the fray

Facing severe financial crisis, Jet Airways had on April 17 announced temporary suspension of its flight operations

Reliance Capital Ltd., his financial services business that almost doubled its profit in five years, had largely remained insulated from the distress plaguing the wider conglomerate.

Mahindra & Mahindra sales were impacted by the ongoing elections in the country, the carmaker said, however describing it as "a temporary phenomenon". Mahindra & Mahindra sales in the passenger vehicles segment - which includes Mahindra utility vehicles, cars and vans - stood at 19,966 units in April.

Tata Motors' sales of commercial and passenger vehicles declined 20 per cent in April to 42,577 units compared with 53,511 units sold in the corresponding period a year ago. Tata motors' sales in the medium and heavy commercial vehicles (M&HCV) segment dropped 33 per cent to 9,403 units last month.

The next hearing on the matter is scheduled for May 21.

At this price, Beyond Meat raised around $240 million at a $1.5 billion valuation, including underwriters' options.

Apple CEO Tim Cook said that while India is a very important market in the long-term, it is also a very challenging market in the short-term.

Maruti Suzuki India said its passenger car sales declined 22.91 per cent year-on-year to 97,701 units in April. Last week, Maruti Suzuki India lowered its sales growth forecast for the current financial year amid an industry-wide weakening of demand.