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

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UST to hire over 10,000 techies in 2021

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

4hrs

Kumar Mangalam Birla.

‘Willing to hand over VIL stake’

Special Correspondent Birla tells Centre ‘overseas investors need clarity’ on norms

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

Special Correspondent Maruti flags high tax rates, input costs

Keki Mistry. File

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

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

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Nykaa files IPO papers with SEBI

UST to hire over 10,000 techies in 2021

‘No formal proposal from Cairn to settle dispute’

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

Work on six lakh homes facing delay: Anarock

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

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.

Glenmark inks pact with SaNOtize to produce, market anti-COVID-19 nasal spray in India, other countries

Available in the form of a nasal spray, it is designed to kill the virus in the upper airways, preventing it from incubating and spreading to the lungs

Do you want to bond with the best?

An investor must mull finer points before choosing government bonds over bank FDs

Let your life cover strategy age well

A term insurance plan needs to be reviewed and added to at different stages in life

Venugopal Dhoot moves NCLAT to set aside NCLT order on Videocon

He accuses resolution professional of eroding the value of the company by closing it down

SBI waives home loan processing fee till Aug 31

It will encourage home buyers to take decision with ease, it says

Govt. framing standards for services sector: Goyal

‘India seeing rapid rise in use of digital’

SEBI urges peers to rethink bond market curbs

Markets watchdog calls on RBI, IRDAI, PFRDA to relax investment restrictions to help ease financing for infrastructure

IT offshoring rises as large, multi-year deals spur trend

‘Higher offshoring helps raise margins’

Housing unit sales plunge 58% Q-o-Q due to 2nd wave impact says PropEquity

Real estate sales plunged 58% in the April-June quarter (Q2) as compared to the January-March quarter (Q1) as India faced the major brunt of COVID

Walmart, Disney announce new COVID-19 steps amid Delta surge

The moves come as U.S. officials redouble efforts to encourage more vaccinations in response to the highly contagious Delta variant of COVID-19.

Rakesh Jhunjhunwala’s new airline may give Boeing a chance to regain lost ground

Mr. Jhunjhunwala’s Akasa Air comes at a time when aviation industry is reeling from the impact of the pandemic

Wheels India turns profit of ₹10.13-crore

Wheels India Ltd. reported a net profit of ₹10.13 crore for the quarter ended June, driven by strong export demand in almost all its business

Tata Motors to invest ₹28,900 crore in FY22, says Chandrasekaran

‘In time, EVs to contribute 25% of sales’

MSMEs most in need of policy attention: Kumar

‘Sector’s earnings impacted by 50%’

IndiGo signs pact to explore potential of using sustainable aviation fuel in aircraft

The carrier is yet to reveal the details of the fue provider.

Toyota to increase price of Innova by 2% from August

This increase was necessitated to partially offset the substantial increase in input costs

‘Upturn V-shaped but small firms, urban poor hit harder’

Inflation to dip below 6% soon, but stay in 5-6% range: CEA

U.S. FDA approves Biocon’s insulin Semglee

Biocon Biologics and Viatris Inc said the U.S. Food and Drug Administration (FDA) had approved Semglee®, a long-acting insulin injection, as the first

‘Kia tops poll for dealer satisfaction with OEMs’

Business viability, a key aspect: FADA

TVS Motor earmarks ₹1,000 crore for EVs

‘Manufacturing under separate vertical’

Significant data on nasal vaccine likely in 2.5 months: Bharat Biotech founder Krishna Ella

Clinical trial to pair Covaxin, nasal vaccine doses on cards, Mr. Ella says.

ArcelorMittal posts $4,005 million net income in Apr-Jun qtr

Global steel giant ArcelorMittal on Thursday posted a net income of $4,005 million for the second quarter ended June 30, 2021.“The world's largest

India's gold demand up 19 % in Apr-Jun qtr at 76 tonne: WGC

India's gold demand increased by 19.2% to 76.1 tonne during the April-June quarter this year, largely due to low base effect, owing to the nationwide

Tata Sons subsidiary to acquire 43.3% stake in Tejas Networks for ₹ 1,850 crore

Tejas Networks on Thursday said an arm of Tata Sons will acquire controlling stake in it for nearly ₹1,890 crore in a multi-step deal.

Cognizant Q2 net income up 41.8% to $512 million; to hire 1 lakh people this year

Cognizant has reported 41.8% increase in June quarter net income at $512 million (around ₹3,801.7 crore), and said it expects to hire about one lakh

Facebook doubles profit, but sees cooling growth

The number of people using the social network monthly climbed to 2.9 billion.

Sundaram Home Fin plans to raise ₹2,500 cr.

Firm’s Q1 net rises 18% to ₹40 crore

Maruti Suzuki posts Q1 net profit of ₹440.8 crore

Lower sales volume impacts carmaker

Tyagi laments lack of disclosures by listed firms

‘IPOs more an exit option for investors’

‘Deposits up to ₹5 lakh in ailing banks to be repaid in 90 days’

Cabinet approves deposit insurance law amendments on lenders in moratorium

AI firm Blaize raises $71 million

Artificial Intelligence computing firm Blaize has raised $71 million from new and existing investors. The firm intends to utilise the Series D

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