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

MMR saw highest home registrations in 2021; sold 2.42 lakh units

Special Correspondent Maharashtra’s stamp duty collection increased to ₹11,000 cr in 2021 from ₹3,500 cr in 2020

Swiggy raises $700 million in Invesco-led funding

Special Correspondent Fresh capital to aid growth, it says

File photo of Deepak Parekh, Chairman, HDFC Ltd.

HDFC Capital raises $1.22 bn for affordable housing fund

The Hindu Bureau H-CARE 3, combined with potential reinvestments by the fund, would create an estimated total fund corpus of $1.88 billion.

Photo used for representational purpose only.

Yes Bank Q3 profit surges 77% to ₹266 crore, total income drops

PTI Lender’s cash recovery stood at ₹610 crore for December quarter

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Ramco Cements Q3 net plunges 59%

CCI fines three marine lines in cartel probe

MMR saw highest home registrations in 2021; sold 2.42 lakh units

Swiggy raises $700 million in Invesco-led funding

Swiggy raises $700 million from Invesco, other investors

Ola Electric raises $200 million in funding at a valuation of $5 billion

Mis-selling in health insurance

Utmost good faith is the underlying principle of any insurance product

India Inc proposes additional 1% CSR levy for booster shots

It calls for lifting of COVID-19 restrictions by State governments

HDFC Capital raises $1.22 bn for affordable housing fund

H-CARE 3, combined with potential reinvestments by the fund, would create an estimated total fund corpus of $1.88 billion.

Govt. relaxes deadline for re-export of containers used for oxygen transport

Currently, containers are allowed to be imported duty-free with the condition of re-export in the next six months.

Yes Bank Q3 profit surges 77% to ₹266 crore, total income drops

Lender’s cash recovery stood at ₹610 crore for December quarter

ICICI Bank Q3 profit rises 25% to ₹6,194 cr.

Remain optimistic about economy: ED

Vodafone Idea Q3 loss widens to ₹7,231 crore

The company had posted a loss ₹4,532.1 crore in the same period a year ago.

5G coverage inside buildings to be a challenge as signals get transmitted on high frequencies: TRAI

"Holistic approach will be required to ensure availability of digital infrastructure in building complexes”

Intel to invest up to $100 bn in Ohio chip units

Firm aims to address global shortage

Indian Missions can popularise National Single Window System: Goyal

Include Indian missions to populariseNational Single Window System: Piyush Goyal

Adani Wilmar’s ₹3,600-cr. IPO to open on Jan. 27

Firm to trim debt with issue proceeds

Importers, govt. duel in Supreme Court over GST on ocean freight

The levy was struck down by a HC

FedEx starts EV trials in India

FedEx Express, a subsidiary of FedEx Corp., has announced the start of electric vehicle (EV) trials in India as part of its global goal to achieve

RIL net rises 42%; retail, shale sale buoy

Third-quarter profit climbs to ₹18,549 crore as overall revenue surges 52% to ₹2,09,823 crore

‘Time to look at healthcare differently’

Rationalising GST rates could make sector affordable, says Apollo Hospitals MD

Start-ups raised a record $24.1 billion in 2021: study

Two-fold rise from pre-COVID levels, according to a new study by NASSCOM and Zinnov.

Wendt India posts 101% jump in Q3 net proft

The Murugappa group firm achieved sales of ₹36 crore, an increase of 19% over than the corresponding period last year.

OPEC's share of Indian oil imports falls to lowest in at least 15 yrs

India's crude imports rebounded 3.9% to 4.2 million barrels per day (bpd) in 2021, the data showed, but remained below pre-pandemic levels in 2019

‘Vedanta mulls $10-bn fund to bid for BPCL, other assets’

Money will never be a problem, says chairman Agarwal

NCLAT directs Jalan-Kalrock consortium to share resolution plan details with Jet Airways workmen

The development comes almost seven months after the Mumbai bench of the NCLT approved the Jalan-Kalrock Consortium''s resolution plan

Videocon lenders invite fresh EoIs

The consortium of lenders of Videocon Industries has invited fresh expressions of interest (EoIs) for the debt-ridden group after the insolvency

Apollo Tyres invests in solar energy firm

Leading tyre manufacturer Apollo Tyres Ltd. (ATL) has picked up a 27.2% stake in CSE Deccan Solar, a subsidiary of Cleantech Solar, to get a

Natco, 9 others chosen to supply COVID-19 drug

UN-backed MPP signs sublicence pacts

Institutional realty stake dropped 14% in 2021: JLL

‘Second wave impacted investments’

HUL Q3 net rises 17% to ₹2,243 cr.

High inflation, raw material prices may pressure margins in near term, says CMD

Toyota announces Hilux, its maiden ‘Lifestyle Utility Vehicle’ in India

‘Prices will be revealed in March; deliveries from April onwards’

Mixed reality can offer health, safety benefits to first-line workers: Microsoft

Microsoft launches HoloLens2 in India

Fluence, ReNew to form JV to boost energy storage sector in India

Fluence Energy Inc., a global market leader in energy storage products, and renewable energy company ReNew Power Private Ltd, have signed an

Walmart invites Indian sellers to join its marketplace to serve U.S customers

The company has set an ambitious goal of exporting $10 billion from the country each year by 2027.

Customer spending across sectors, regions remains robust: LTI’s Sanjay Jalona

`Momentum to continue for at least 3-5 years’

Ban on regular international flights extended till Feb. 28

The Directorate General of Civil Aviation on Wednesday extended the ban on scheduled or regular international flights till February 28. However,

Air India cancels U.S. flights for second day

Safety concerns over 5G rollout in U.S.

Mills call for lifting import duty on cotton

Textile mills have reiterated their demand to remove the import duty on cotton as prices of domestic cotton continue to increase. Chairman of Southern

Chola floats 3 loan units, partners fintech firms

Picks up 70% in Payswiff for ₹450 cr.

Tata Motors rolls out CNG-fuelled Tiago, Tigor

Offers iCNG tech in both PV models

BharatPe MD Ashneer Grover takes voluntary leave till March-end

Grover was recently embroiled in a controversy over purportedly using abusive language against Kotak Mahindra Bank staff

Symphony Technology Group rebrands McAfee, FireEye combine as Trellix

Symphony Technology Group (STG), a California-based private equity firm, has merged two of its recent acquisitions, McAfee Enterprise and FireEye and

Reliance Jio topples BSNL as largest fixed line broadband provider

Jio started commercial roll out of fixed line broadband service, JioFibre, in September 2019

Lupin ties up with China’s Fancoo Pharma

“Lupin is committed to serving the healthcare needs of the Chinese population by providing high quality products”

Nazara to acquire majority stake in Datawrkz

It will acquire a 33% stake in the first tranche by April 2022.

Reliance Jio prepays ₹30,791 crore towards spectrum acquisition dues

RJIL had executed the first tranche of prepayment in the month of October 2021 pertaining to spectrum acquired in the auction in 2016

AT&T, Verizon to delay launch of 5G services after airlines raise alarm

Airlines want the new service to be banned within two miles of airport runways

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Indian Navy Chief Admiral R. Hari Kumar with his German counterpart Vice admiral Kay-Achim Schönbach, at South Block in Delhi.

93K | German Navy Chief resigns over remarks in India on Ukraine, Russia

A drone follows a man riding a motorised surfboard in Dubai, United Arab Emirates. The UAE has banned the flying of drones in the country for recreation after Yemen’s Houthi rebels claimed a fatal drone attack on an oil facility and major airport in the country. File photo

14K | UAE shoots down 2 ballistic missiles fired by Houthis over Abu Dhabi

Prime Minister Narendra Modi unveils the hologram statue of Netaji Subhash Chandra Bose at India Gate, in New Delhi on January 23, 2022. Youtube/PMO

13K | PM Modi unveils hologram of Netaji at India Gate; NGMA to make statue to replace it

A passenger is taken for a COVID-19 test at the Bengaluru city railway station on January 23, 2022.

10K | Omicron in community transmission in India, has become dominant in multiple metros: INSACOG

Brendan Taylor: ‘The same men stormed into my hotel room and showed me a video taken of me the night before doing cocaine and told me that if I did not spot-fix at international matches for them, the video would be released to the public’

10K | Former Zimbabwe batter Brendan Taylor admits receiving money from Indian businessman for spot-fixing

8K | False dichotomy: On merit versus reservation

Chief of the German Navy Vice-Admiral Kay-Achim Schonbach speaks at the Manohar Parrikar Institute for Defence Studies and Analyses on January 21, 2022. Photo: Twitter/@IDSAIndia

6K | German Navy chief strikes a tough note on China

File photo of former Japan PM Shinzo Abe

5K | Ex-Japan PM Shinzo Abe given Netaji Award 2022

A snacks stall in Baramulla.

5K | Kashmir’s street foods are largely vegetarian and largely unknown