Company News

Indian fashion retailer Pantaloons has appointed Suraj Bahirwani as its new Chief Executive Officer, signaling a strategic leadership transition aimed at strengthening the brand’s growth trajectory in India’s competitive apparel market. The appointment comes at a time when organized fashion retail is undergoing rapid transformation driven by changing consumer preferences, digital integration and evolving store formats.

Indian tyre manufacturer TVS Srichakra Limited has received a demand notice from the Income Tax Department of India concerning certain tax assessments related to previous financial periods. The company disclosed that it is evaluating the notice and may pursue appropriate legal or regulatory remedies if required. While the financial impact remains under review, analysts say such notices are relatively common in corporate tax administration and often subject to appeal.

An Akasa Air flight experienced a lightning strike mid-air but successfully landed without incident, ensuring the safety of all passengers and crew on board. The aircraft, en route between major Indian cities, triggered immediate safety protocols, and the crew executed emergency procedures with precision. Aviation experts note that while lightning strikes are statistically rare, modern aircraft are engineered to withstand such events, minimizing operational risk. The incident underscores the airline’s preparedness, adherence to safety standards, and robust pilot training.

Indian pharmaceutical company Mankind Pharma has acquired the rights to the well-known neurological medication brand Rivotril from Roche India, marking a significant strategic move in the country’s pharmaceutical landscape. The transaction is expected to strengthen Mankind Pharma’s presence in the central nervous system (CNS) therapy segment, one of the fastest-growing areas in healthcare.

Indian natural resources giant Vedanta Limited reported recycling nearly 15 million tonnes of industrial waste during the financial year 2024–25, marking a significant milestone in its sustainability strategy. The initiative reflects the company’s broader commitment to resource efficiency, environmental responsibility, and circular economy practices across its mining and metals operations. By converting industrial byproducts into reusable materials, the company aims to reduce landfill dependence while improving operational efficiency.