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

Work has restarted in a limited way as per Tamil Nadu Government mandated restrictions in a leather footwear MSME export unit in Guindy Industrial Estate, Chennai.Photo : Bijoy Ghosh

PMI shows manufacturing losing steam

Special Correspondent Survey-based index pegs sector’s expansion at 3-month low; job shedding apace, confidence fades

India’s November power consumption growth slows to 4.7%

PTI Onset of early winter cited for decline

India's November diesel sales declined 7%

PRESS TRUST OF INDIA Slump hints at fragile recovery, following growth in October

Railways hauls highest ever load for 2020 in Nov.

Special Correspondent The Railways on Tuesday said it registered the highest freight loading for 2020 in November at 109.68 MT (million tonne), even as loading during the last month was affected due to the festival holidays and cyclone Nivar.Last month, freight loading was higher by 9% from 100.96 MT in November 2019, resulting in an increase of about ₹450 crore in revenues over the year-earlier period. “In this period, Indian Railways earned ₹10,657.66 crore from freight loading, which is about 4% higher compared to

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Elgi sees faster recovery in firm’s markets

Railways hauls highest ever load for 2020 in Nov.

Auto dispatches saw year-on-year growth in Nov.

PMI shows manufacturing losing steam

India's November diesel sales declined 7%

India’s November power consumption growth slows to 4.7%

Paytm waives off charges on merchant transaction

Paytm on Tuesday said it has waived off all charges on merchant transactions, enabling them to accept payments from Paytm wallet, UPI apps and RuPay

HC pulls up RBI for letting PMC Bank decide on depositors requests for money

“The RBI was to apply its mind and not act as a post office. If you (RBI) have imposed the restrictions, then you have to apply your mind,” the Court said.

S&P Global to acquire IHS Markit in $44 bn mega deal

Transaction expected to close in the second half of 2021

‘Passenger vehicle, bike wholesales to decline’

Dealers have huge inventories: Ind-Ra

October queries on card users grows on year: Transunion Cibil

Banks’ requests for information on credit card borrowers or ‘credit card inquiries’ in October surpassed the year-earlier level, a credit information

‘Bank credit growth to stay slow in near term’

‘Asset quality unease curbs disbursals’

Amalgamation ensures stability, says DBS Bank India

‘All erstwhile LVB employees are now on DBIL’s rolls’

DBS Bank allows LVB customers to access all services, doesn’t change interest rates

All LVB employees will continue to be in service and are now employees of DBIL on the same terms and conditions of service as under LVB.

AirAsia India plans expansion; to induct 3 more A320 neos by June 2021

Budget carrier AirAsia India plans to add three more Airbus A320 neo planes by June next year as part of its fleet and network expansion. The

Flipkart readies for wedding furniture sales

The company saw an increase by 1.5-2 times in search of furniture items across verticals during the past few months compared to the same period last year, it said

BLoC Boardroom Challenge semi-finals begin on Dec 1

Semis across 9 cities will be webcast

Coronavirus | Serum Institute of India rejects charges by ‘Covishield’ volunteer, threatens to seek damages

Firm says volunteer is falsely blaming vaccine trial for his medical problems

‘Make-it-Yours’ keeps Royal Enfield on the go

‘80%-90% of demand for our products comes via MiY software platform: Dasari

‘India key to IBM’s pursuit of a $1 trillion hybrid cloud opportunity’

Tech firm sees local partnerships growing as country accelerates its digital push.

Almost 65% of domestic air travel back to pre COVID-19 level: Civil Aviation Secretary

Pradeep Singh Kharola said that as more business activities and colleges open up, this may go up to 80-90% in the next 2-3 months or almost to the level of normalcy

Baba Ramdev on board of Ruchi Soya; brother Ram Bharat to be MD

Last year, Ramdev’s Patanjali Ayurved paid ₹ 4,350 crore to take over Ruchi Soya.

NDTV shares: SEBI bars two promoters, other individuals, entities for insider trading activities

Some of them have also been asked to disgorge illegal gains made from trading in the shares when they were in possession of Unpublished Price Sensitive Information

‘E-tailers clock $8.3 bn in Oct.-Nov.’

Flipkart dominated festive season sale at 66%: Redseer

Adani tops DHFL bid with ₹33,000 crore offer

Rivals want firm out for deadline miss

Vodafone Idea partners with firms to add non-core revenues

Telco allies with edtech, wellness start-ups to lift engagement

Hetero to produce Russia’s COVID-19 vaccine in India

More than 100 mn doses of Sputnik V to be made in a year

Core sector contraction widens to 2.5%

Oct. output at 8 key industries dragged down as steel production shrinks again; cement posts growth

Lakshmi Vilas Bank becomes DBS India; 94-year old bank part of history now

All the branches of LVB will function as branches of DBIL with effect from November 27, the RBI had said in a statement

Passengers can carry double check-in baggage in economy class of India-U.K. flights: British Airways

Passengers will now be able to take two pieces of check-in baggage, with each weighing a maximum of 23kg, British Airways said in a release.

India to allow Uber and rivals to charge 20% commission

The final guidelines say drivers should receive 80% of the ride fare with the taxi companies receiving the remaining 20%.

E-tailers clocked $8.3 billion in sales during Oct-Nov festive period: Redseer

‘Flipkart Group dominated the sale events at 66%’

James Wolfensohn, former World Bank president, passes away

Wolfensohn was a guiding force for a couple of the most well-known cultural institutions in the U.S.

SC dismisses Skoda Volkswagen’s plea to quash FIR for alleged use of cheat device in car

A Bench of Chief Justice S.A. Bobde and Justices A.S. Bopanna and V. Ramasubtramanian pronounced the verdict and dismissed the plea

Amazon fined for not displaying mandatory information about products

The ministry has imposed a fine of ₹25,000 on Bengaluru-based Amazon Seller Services

NSE warned Future Retail of action in Amazon row

Retailer quizzed on market disclosures

Curbs hit China supplies for iPhone

BIS started delaying approvals in August for China-made imports of devices like smartphones, smartwatches and laptops, part of the fallout from deteriorating ties with China after a border clash in June that left 20 Indian soldiers dead.

JSW Cement postpones listing to December ’22

MD cites slowdown, COVID-19

IBBI moots tweaks to exit liquidation

To provide an orderly framework for withdrawal from the voluntary liquidation process, the Insolvency and Bankruptcy Board of India (IBBI) has

LVB to become DBS Bank India from Nov 27; ₹25,000 withdrawal restriction to go

All the branches of LVB will function as branches of DBIL with effect from November 27, the RBI said in a statement

Toyota officials join assembly line as plant lockout prolongs

Carmaker restarts production as talks fail to break deadlock

‘Government support needed for tooling sector’

To help reduce imports and make India an export hub for the tooling sector, government intervention is critical in helping to set up clusters and

Government orders ‘priority’ for local tenders

Ministries not allowed to seek nod for global tenders for contracts worth up to ₹200 crore

GAIL proposes Kondapalli-Tirupati natural gas pipeline

State-owned GAIL is planning a 450-km pipeline from Kondapalli, near Vijayawada, to Tirupati for supplying natural gas to industries and city gas

‘Prime global residential prices may rise 2% in 2021’

No change for Mumbai: Knight Frank

Left slams RBI proposal to give banking licences to corporates

A retrograde move and it permits loot of people’s savings demolishing the system, they say

Congress opposes move to allow corporate houses set up banks

The Congress on Tuesday strongly opposed a proposed move of Reserve Bank of India (RBI) to allow corporate houses to enter the banking sector and set

Kerala moves Supreme Court against move to hand over Thiruvananthapuram airport to Adani group

State seeks interim stay on decision of Kerala HC on Oct. 19, allowing AAI to let Adani take over “operation, management and development” of the airport.

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Kiran Maheshwari

47K | BJP MLA Kiran Maheshwari dies after testing positive for COVID-19

China's Defence Minister Wei Fenghe. File.

21K | China and Pakistan sign military deal amid tensions with India

Ensuring compliance: After paying the fine, the offenders often walk away without wearing a mask.

19K | Coronavirus India live updates | November 30, 2020

13K | Coronavirus | ‘Covishield’ vaccine volunteer sues Serum Institute of India, Oxford Group over ‘adverse reaction’

Twitter photo of Dr. Sheetal Amte-Karajgi.

11K | Renowned social worker Dr. Sheetal Amte-Karajgi found dead

President-elect Joe Biden will have an all-female senior communications team at his White House, led by campaign communications director Kate Bedingfield. Neera Tanden (photographed here) will be director of the Office of Management and Budget.

10K | Joe Biden to nominate Indian-American Neera Tanden as chief of budget team

Rainwater stagnated at Marina Beach, Chennai.

9K | South Tamil Nadu, Kerala coasts on pre-cyclone watch

In this file courtroom artist's drawing, Chicago businessman Tahawwur Rana (centre) appears before Judge Matthew Kennelly in Chicago's federal court.

9K | 26/11 Mumbai terror attacks | Key accused Tahawwur Rana wanted a ‘medal’ for ‘top class’ contribution

8K | Reaping the whirlwind: On farmer protests