Industry News, Company News, Manufacturing News, Service Sector - The Hindu

Imports in July 2020 stood at 11.13 million tonnes while coal and coke imports in July 2019 stood at 19.61 MT.

Coal import drops 43% in July owing to high stockpile at pitheads, plants

PTI “The market participants seem to have adopted a wait and watch approach and are currently looking for a direction. We do not expect to see any significant variation in volumes in the short-term,” a monitoring firm said.

53mins

Multiplexes occupy about one-tenth of the space in a mall and fetch a large chunk of the footfalls.

Multiplexes urge malls to review rental model

Lalatendu Mishra COVID-19 related curbs have severely impacted their revenue and profitability

Representational image.

Demand for city warehouses to rise as delivery targets quicken

PTI E-com firms eye same-day supply of food during lockdowns

Off the mark: LIC, the only public sector competitor, reported a 0.92% decline at ₹15,170.95 crore.

Life insurers post 7% rise in new business after dismal Q1

Special Correspondent Private insurers lead rebound in July after 18.6% decline in April-June period

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Coal import drops 43% in July owing to high stockpile at pitheads, plants

Abbott India Q1 net jumps to ₹180.35 cr.

Demand for city warehouses to rise as delivery targets quicken

Nitin Gadkari exhorts industry to identify sectors to boost exports, make India ‘self-reliant’

Centre releases ₹553 cr. for farm mechanisation

Coal India cuts FY21 target to 650-660 MT

Multiplexes urge malls to review rental model

COVID-19 related curbs have severely impacted their revenue and profitability

Divi’s Labs Q1 net surges 81%

Drugmaker Divi’s Laboratories reported an 81% jump in first-quarter consolidated net profit at ₹492.06 crore.In the year earlier period, it had

Life insurers post 7% rise in new business after dismal Q1

Private insurers lead rebound in July after 18.6% decline in April-June period

WarnerMedia restructures to focus on HBO Max, senior executives out

The shake-up also includes the consolidation of film and TV studios under Warner Bros Chief Executive Ann Sarnoff.

Watson Assistant ‘speaks’ for ICMR

‘The AI engine helps boost response time during COVID-19’

M&M drops U.S. capital plan after loss

Aborts $500 mn investment amid ₹98-cr. Q1 group loss; seeks investor in Mahindra Electric

Daimler arm drives into used CV segment

Firm to restart second shift at plant

TIIL in ₹700-crore pact to buy CG Power stake

To get up to 56.6% via shares, warrants

RBI sets up panel for stressed loans resolution norms

Names members including ADB’s Gupta, IBA’s Mehta

RBI sets up panel under Kamath to suggest steps to deal with coronavirus-related stressed assets

The Committee will submit its recommendations to the RBI, which will notify them along with modifications, if any, in 30 days.

Exim Bank extends $250 million line of credit to Mozambique

The agreement to this effect was signed on August 3

Indian Overseas Bank cuts base rate to 9.35%

State-owned Indian Overseas Bank (IOB) on Friday said it has slashed its base rate by 0.10% to 9.35%.“The asset liability management committee of our

Apple shines in pandemic with $2 trillion value on horizon

Apple has been at the vanguard of a group of Big Tech companies that are increasingly taking over people’s lives and the stock market

Uber lost $1.8 billion in 2Q as riders stayed home

However, itss food delivery business grew as more people ordered in

Coronavirus | Facebook employees to work from home until July 2021, get $1,000 for home offices

The company joins other big technology firms that have taken similar steps recently.

Nod for banks to invest in debt via MFs

With a view to expanding the bond market, the RBI on Thursday permitted banks to invest in debt instruments through mutual funds (MFs) or exchange

Total, Adani to apply for fuel pump licence

A newly formed joint venture of French supermajor Total and an Adani group firm will soon apply to the government for permission to open petrol pumps

Bank, realty, auto stocks see mixed trend

Interest rate-sensitive bank, realty and auto stocks closed on a mixed note on Thursday after the RBI left interest rates unchanged but maintained an

RBI revises guidelines for opening Current Accounts

The new rules will be applicable to existing current, CC/OD accounts with various banks.

Canara Bank slashes MCLR by up to 30 bps across various tenors

The six-month MCLR has been cut to 7.40% from 7.50%, the bank said.

Coronavirus | Coronil demand at 10 lakh packs a day, says Baba Ramdev

Earlier in June, the AYUSH Ministry had restricted Patanjali from selling the drug as a cure for the virus instead allowing it to be sold only as an immunity booster.

Byju’s acquires WhiteHat Jr for $300 million

Coding is fast emerging as a key skill for the futures, says the education technology firm

Uber to hire 140 engineers in India

Firm building ‘cutting-edge’ products

Coronavirus | Pharma firms Zenara, BDR get DCGI nod for Favipiravir versions

The two companies said the Drugs Controller General of India has given them approval to manufacture Favipiravir tablets as a treatment option for patients with mild to moderate symptoms of COVID-19

Coronavirus | India’s service sector activity still severely restricted; contracts for 5th successive month in July

The IHS Markit India Services Business Activity Index stood at 34.2 in July, slightly higher than 33.7 in June.

‘Entire B2C online sector to come within new consumer law ambit’

Legislation aims to clean up the segment, says official

Minimum ₹500 crore net worth must for licence to sell petrol, diesel to retail, bulk users

Last year, the government had relaxed norms for retailing of auto fuels, allowing non-oil companies to venture into the business — a move that could help private and foreign firms to enter the world’s fastest-growing market.

Sun Pharma unveils Covid drug FluGuard at ₹35 a tablet

Favipiravir is the only oral anti-viral treatment approved in India for the potential treatment of patients with mild to moderate Covid-19 disease.

Sony's profit increases as people stay at home playing video games

The company warned that its movies division would likely suffer for two or three years due to delays in film projects and limits to theater seating because of the pandemic.

Watch | UAE launches first nuclear power plant

A video on Barakah, Arab world's first nuclear plant

Sashidhar Jagdishan to replace Aditya Puri as HDFC Bank’s new MD & CEO

The Reserve Bank of India (RBI), which was given a list of candidates in an order of priority, conveyed its approval to Mr. Jagdishan’s name late last evening.

Moody’s upgrades Yes Bank ratings

Moody’s Investors Service has upgraded Yes Bank’s long-term foreign currency issuer rating to B3 from Caa1. It has also upgraded the bank’s long-term

Google to sell Pixel 4a phone in India in Oct.

Nanda Ramachandran, senior director, Google, said at a virtual briefing that the delay in the launch of the smartphone in India was mainly due to COVID-19

Bank of India net triples to ₹844 cr., NPAs decline

Muted loan growth causes dip in NIM

Demand returns, 60% of our outlets are up and running: Roca MD

Positive growth in Q1 despite hit in sales in March; expect pre-COVID demand levels by Sept.: Roca MD

Wockhardt unit to supply COVID-19 vaccines in U.K.

Wales facility will ‘fill finish’ the doses

After 2 months of gains, fuel demand slips

Refined fuel consumption in July slipped from June, according to preliminary data, indicating slower industrial activity as high retail prices, floods

Euro zone manufacturing returns to growth in July

PMI reveals modest expansion, zone’s first since early 2019

Manufacturing contracts for fourth straight month: July PMI

Contraction quickens on muted demand amid prolonged closures, survey shows

HSBC says net profit plunged 96% in 2Q as pandemic took hold

HSBC said its lending in the last quarter fell 3% to USD 29 billion while deposits rose 6% to USD 85 billion as customers saved more and spent less.

Wockhardt strikes deal to supply COVID-19 vaccines to U.K.

Indian drugmaker Wockhardt Ltd. will supply millions of doses of multiple COVID-19 vaccines, including that being developed by AstraZeneca and Oxford

Bank of India Q1 net profit rises over three-fold to ₹844 cr

State-owned Bank of India (BoI) on Monday reported over three-fold rise in net profit to ₹843.60 crore for the quarter ended June 30, as pressure of

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