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

ED slaps ₹10,600-cr FEMA contravention notice against Flipkart

Special Correspondent It was issued under various sections of the Foreign Exchange Management Act

At stake: If the telco goes under, the biggest loser will be the Centre, as a chunk of debt is owed to it, a banker said.

Vodafone Idea falls on Birla’s departure

Reuters Billionaire stepped down as non-executive chairman adding to investor concerns over telco’s troubles

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Indian marketers to increase dependence on consumer data: EY Study

Special Correspondent ‘Brands struggled to break down internal silos, activate data and build right skillsets to drive ROI’.

Chemplast to spend ₹620 crore on expansion

N Anand Firm to raise ₹3,850 cr. via IPO, OFS

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Apple to scan U.S. iPhones for images of child abuse

Vodafone Idea falls on Birla’s departure

No e-way bills from Aug. 1 for GST return non-filers

‘BSNL, MTNL losses, liabilities shrank in FY21’

Chemplast to spend ₹620 crore on expansion

SF Holdings Q1 profit surges 80% to ₹5.13 cr.

Supreme Court to rule on Amazon-FRL spat today

The Supreme Court will deliver on Friday its judgment in a petition filed by e-commerce major Amazon, against the proposed ₹24,713-crore merger deal

Indian marketers to increase dependence on consumer data: EY Study

‘Brands struggled to break down internal silos, activate data and build right skillsets to drive ROI’.

Centre moves to redact retrospective tax law

Finance Minister Nirmala Sitharaman introduces Taxation Laws (Amendment) Bill in the Lok Sabha

Ixigo acquires bus ticketing platform AbhiBus

AbhiBus is the second acquisition of the year for Le Travenues Technology, parent company of ixigo

ED slaps ₹10,600-cr FEMA contravention notice against Flipkart

Violation of FDI regulations alleged

Dr. Reddy’s to sell U.S, Canada territory rights of anti-migraine drug

Signs definitive agreement with BioDelivery Sciences International Inc

Chola Financial Q1 profit slides 39% to ₹357 cr.

Cholamandalam Financial Holdings’ (CFHL) consolidated net profit for Q1 FY22 contracted by 39% to ₹357 crore. The Murugappa Group firm’s revenue from

KVB Q1 profit rises a tad to ₹109 crore

Karur Vysya Bank (KVB) on Wednesday reported frst-quarter net profit rose marginally by ₹3 crore to ₹109 crore.Total income from operations contracted

SBI Q1 net jumps 55% to record ₹6,504 cr. on lower provisions

Stress seen in home, gold and SME loan segments, observes chairman Khara

‘CV segment may recover in second half of FY22’

‘Agri tractor market to sustain growth’

More than 6.07 lakh cyber security incidents observed till June 2021: Government

There have been attempts from time to time to launch cyber-attacks on Indian cyberspace: IT Minister

Indian MSMEs have shown more resilience during second wave: Study

`Business declined only 11% in 2021, compared to almost half in 2020'

SBI net profit in Q1 surges 55 % to ₹ 6,504 crore

SBI standalone total income increased to ₹ 77,347.17 crore in the first quarter of 2021-22.

Tata Motors launches new Tiago NRG

The prices of this SUV-inspired version starts from ₹6.57 lakh onwards

BharatPe raises $370 million funding led by Tiger Global

Ashneer Grover has been elevated to Co-founder and Managing Director, while Suhail Sameer has been appointed as the CEO.

City firm bags ₹350-cr. order from Maldives

Chennai-based Indira Group of Companies has drawn up plans to enter the Maldives, Mauritius and African markets as part of its expansion programme.“We

‘Roll out flexible fuel vehicles in a year’s time’

Union Minister of Road Transport and Highways Nitin Gadkari urged automakers to roll out flex-fuel vehicles capable of running on 100% ethanol in the

‘Asset quality pressure to persist for NBFCs’

‘Collection efficiency hit, rising now’

BoI PAT down 15% on higher provisioning

Bank of India (BoI) on Tuesday reported its first-quarter net profit declined 14.7% to ₹720 crore from ₹844 crore in the year-earlier period due to

Insolvency code has strayed from intent: Parliament panel

Committee seeks IBC review; flags low recovery rates, delays, vacancies in NCLTs

Floor prices for data are critical: COAI

The association said floor prices needed to be fixed for data only for an interim period, say two years, and that voice calls could be excluded.

Bharti Q1 revenue climbs 15% as data, subscriber additions buoy

Telco adds 46.1 million 4G customers, ARPU rises to ₹146.

PepsiCo to sell juice brands in NA for $3.3bn

PepsiCo Inc unveiled a $3.3 billion sale of its Tropicana and other juice brands in North America to French private equity firm PAI Partners on

No error of judgment in HFC deal: PNB MD

‘SAT order to set future course of action’

IndiGo to launch IATA Travel Pass for international travel

IATA Travel Pass is a mobile app that helps travelers to store and manage their verified certifications for COVID-19 tests or vaccines and securely share the results with airlines

Nykaa files IPO papers with SEBI

The E-commerce beauty company plans to use the investment in its subsidiaries — FSN Brands or Nykaa Fashion

UST to hire over 10,000 techies in 2021

2,000 freshers to be recruited, majority will be from India.

‘No formal proposal from Cairn to settle dispute’

Centre faces $1.2-bn payout to the firm

Fincare SFB’s ₹1,330-cr. IPO gets SEBI nod

Fincare Small Finance Bank (SFB) has received capital markets regulator SEBI’s go-ahead to raise ₹1,330 crore through an initial share sale. The

Work on six lakh homes facing delay: Anarock

‘Projects are worth over ₹5 lakh crore’

Policybazaar files papers for ₹6,017.5 -cr. IPO

PB Fintech, that operates online insurance platform Policybazaar and credit- comparison portal Paisabazaar, has filed preliminary papers with market

CUMI profit leaps to ₹63 cr. as sales rise

Carborundum Universal Ltd.’s (CUMI) standalone net profit for Q1 FY22 jumped sixfold to ₹63 crore on better volumes. Income from operations almost

CG Power turns ₹44.5-cr. net, costs impact margin

TII arm’s sales surge to ₹954 crore

‘Each Paytm Money user invested ₹70,000 in FY21’

MFs attracted 64% of the users: study

HDFC net dips a tad; ‘second wave impacts NPAs, collections’

Demand strong, buyers prefer ready-to-occupy units: Mistry

NMDC logs higher sales, production

India’s largest iron ore producer NMDC has reported a nearly 40% jump in production and 28% higher sales for July. Iron ore production stood at 3.06

‘Govts. must help cut car buying cost to lift sales’

Maruti flags high tax rates, input costs

Va Tech Wabag bags ₹1,230-cr. Russian order

Va Tech Wabag, a leading pure-play water technology firm, has bagged a ₹1,230-crore order from Russia-based Amur Gas Chemical Complex LLC. This order

‘Willing to hand over VIL stake’

Birla tells Centre ‘overseas investors need clarity’ on norms

At $35 bn, July exports 34% higher than pre-COVID level

Trade deficit hits three-month high as gold imports jump 145.4% from 2019 levels

High GST, acquisition cost slowing down car demand, says MSI chairman

Production and sales again dropped and the recovery that had started in the previous quarter suffered a set-back.

Government assures safeguarding interests of Ordnance Factory employees

“The government has ensured safeguarding the interests of the employees of Ordnance Factory Board post corporatisation of the OFB,” Minister of State for Defence Ajay Bhatt said in Rajya Sabha.

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