Company News

A SpiceJet passenger aircraft operating a domestic service was forced to return to Delhi shortly after takeoff following an engine-related alert, underscoring ongoing concerns around operational resilience in India’s aviation sector. The aircraft landed safely, and all passengers disembarked without injury. Airline officials said the precautionary return was executed in line with standard safety protocols, with engineers initiating post-landing inspections. The incident caused temporary disruption to schedules but highlighted the industry’s emphasis on safety-first decision-making.

Mahindra Manulife Investment Management has announced a leadership transition with the appointment of a new managing director and chief executive officer, signaling a renewed strategic focus on scale, governance, and long-term value creation. The move comes at a time when India’s asset management industry is becoming more competitive, regulated, and investor-driven. The joint venture expects the new leadership to strengthen investment processes, expand distribution reach, and deepen digital capabilities.

Colgate-Palmolive India has entered into a partnership with the Haryana government to strengthen oral health awareness and preventive care across the state. The collaboration aims to improve access to dental hygiene education, promote early prevention, and integrate oral health into broader public health programs. By combining public-sector outreach with private-sector expertise, the initiative reflects a growing emphasis on preventive healthcare.

Hindustan Zinc Limited has entered into a strategic partnership with Tripura Group to develop a dedicated Zinc Park, signaling a push toward downstream value creation and industrial clustering. The collaboration aims to strengthen India’s zinc ecosystem by attracting ancillary manufacturers, improving supply-chain efficiency, and fostering innovation. By anchoring processing, fabrication, and allied services in one location, the initiative is expected to generate employment, enhance domestic capabilities, and reduce import dependence.

Asha Sharma has been appointed as the new CEO of Xbox, marking a significant leadership transition within Microsoft’s gaming division. The appointment comes as the company seeks to accelerate growth in cloud gaming, subscription services, and content creation, while navigating an increasingly competitive global market. Analysts view Sharma’s track record in digital strategy and operations as critical for driving innovation, expanding Xbox’s ecosystem, and strengthening engagement with both console and PC gamers.

Tata Sons has deferred a decision regarding the continuation of Natarajan Chandrasekaran’s tenure as chairman, signaling a period of internal strategic review and stakeholder consultation. While the postponement has drawn market attention, the group emphasizes continuity and governance stability. Analysts suggest the delay allows the board to align on succession planning, long-term strategic priorities, and leadership continuity across India’s largest conglomerate.

Consumers planning to buy air conditioners may face higher prices in the coming months as Voltas prepares to raise rates by an estimated 5% to 15%. The expected hike reflects mounting pressure from increased input costs, currency volatility, and supply-chain expenses affecting the consumer durables industry. With demand remaining resilient ahead of the peak summer season, manufacturers are seeking to protect margins while balancing affordability.

In a move that signals growing interest among Indian entrepreneurs in strategic technologies, Zomato founder and CEO Deepinder Goyal has acquired a stake in a defence-focused robotics startup. The acquisition marks Goyal’s entry into a sector far removed from consumer internet platforms, reflecting broader investor appetite for deep-tech and national security-linked innovation. While financial details were not publicly disclosed, the transaction underscores rising confidence in India’s defence manufacturing and robotics ecosystem.

IDFC First Bank has disclosed a fraud linked to a Haryana government account, stating that while the incident is serious, its financial impact on profitability is expected to be contained. The bank said it has identified the irregularities, initiated corrective measures, and reported the matter to relevant authorities. Management emphasized that internal controls helped detect the issue early, limiting potential losses.

Microsoft has appointed Asha Sharma as the new chief executive officer of its gaming division, marking a pivotal leadership transition at a time of rapid consolidation and technological change in the global gaming industry. The move underscores Microsoft’s intent to sharpen its competitive edge across consoles, cloud gaming, and content ecosystems. Sharma’s elevation reflects confidence in her strategic acumen and operational depth, particularly as gaming becomes a central pillar of Microsoft’s long-term growth agenda.