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HDFC Bank posts 16% rise in Q4 net profit at ₹8,434 crore

PTI The private sector lender had registered a net profit of ₹7,280 crore in the corresponding quarter a year ago.

PLI scheme for ACs, LED lights to exclude ‘mere assembly’

PTI DPIIT’s norms prioritise production of basic components

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The growth trend is expected to continue owing to the increased demand for generics and vaccines from the country. File

India’s pharma exports grew 18.7% in FY21

N. RAVI KUMAR At $24.4 billion, best performance and came even as global pharma market growth in 2020 declined

Higher rural demand to spur growth: Usha International

Yuthika Bhargava Firm to strengthen portfolio to facilitate higher rural share

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The Hindu Explains | How will the U.S. Supreme Court verdict in the Oracle vs. Google case affect the software industry?

SpiceJet eases free change norm to 5 days

PLI scheme for ACs, LED lights to exclude ‘mere assembly’

HDFC Bank posts 16% rise in Q4 net profit at ₹8,434 crore

‘Pharma exports grew 18.7% in FY21’

Coronavirus | Bharat Biotech to make 6 crore Covaxin doses by July

Mindtree net up 54%, to pay ₹17.5 dividend

Its dollar revenue grew 5.2% QoQ `Well positioned to deliver double-digit growth’

Major destinations for sugar exports are Indonesia, Afghanistan

Major destinations for sugar exports from India this season (October 2020 to September 2021) are Indonesia and Afghanistan, according to the Indian

Quess to buy ₹208-crore stake in Conneqt

Quess Corp, a business services platform, said it will acquire the residual 30% equity stake in Conneqt Business Solutions from Tata Sons for ₹208

Higher rural demand to spur growth: Usha International

Firm to strengthen portfolio to facilitate higher rural share

DoT gets ₹2,306.97 cr, from Jio, Airtel by assigning some spectrum early

The Department of Telecom (DoT) on Friday said it has completed the assignment of frequencies to successful bidders in the recently-concluded spectrum

Quess Corp to acquire remaining 30% stake in Conneqt from Tata Sons for ₹208 crore

Quess had acquired 51% of Conneqt in November 2017 and further increased its stake in Conneqt from 51% to 70% in May 2019 via infusion of primary capital.

Turkey bans use of cryptocurrencies for payments, sends Bitcoin down

Turkey's central bank bannedthe use of cryptocurrencies and crypto assets to purchase goodsand services, citing "irrepairable" possible damages and

Coronavirus | Haffkine Bio-Pharma targets 22.8 crore Covaxin vials a year

It will be at least a year before the company begins actual production.

Ashok Leyland delivers first lot of light bullet proof vehicles to Indian Air Force

Developed using ‘transfer of technology’ from Lockheed Martin, the vehicles are completely made in India.

Transporters' body terms 16 paisa cut in petrol, diesel rates 'ostentatious', seeks more reduction

Transporters' body AIMTC on Friday termed the recent 14-16 paise per litre cut in petrol and diesel prices across major cities as "ostentatious", and

Maruti Suzuki hikes model prices by up to ₹ 22,500 to offset rise in input costs

The new prices are effective from Friday, MSI said.

Citi to exit retail banking in India, China

Citigroup announced it will exit 13 international consumer banking markets, shifting its focus to wealth management and away from retail banking in

Coronavirus | Mumbai-based Haffkine gets Centre’s nod to produce Covaxin

Haffkine Biopharma Corporation, Mumbai, has received permission from the Union government to manufacture Covaxin, an anti-coronavirus vaccine of

Flipkart to acquire online travel firm Cleartrip

Post acquisition, Cleartrip would continue to operate as a separate brand and would also retain all its employees

Amazon announces $250 million fund for SMEs

The company will help build brand new businesses.

‘Hiring for blue collar jobs resurges’

With the vaccination drive in full swing in the country and high optimism on economic recovery, the hiring of blue collar workers is resurging as 70%

Bharti’s new structure to help focus on digital

Airtel Digital to fold into parent firm

Remembering FCB Ulka’s Anil Kapoor

The former chairman, who helped transform Ulka, passed away on Sunday

‘India can be hardware manufacturing hub’

Supply chains exiting China: Smith

Asus eyes 20% of India’s consumer laptop market

Taiwan firm ‘in talks’ to make in India

Infosys net profit rises 17.5% to ₹5,076 crore in March quarter

Infosys expects FY22 revenue to grow 12-14% in constant currency

Ramping production of Remdesivir to meet demand: Pharma firms

There are seven manufacturers of Remdesivir in the country.

Device after-sales management platform Servify acquires Germany's WebToGo

Servify looking at doubling its team from 410 employees to support growth and expansion.

Maruti Suzuki sells record 1.57 lakh CNG vehicles in FY20-21

This is the country’s largest car maker’s highest-ever S-CNG car sales.

Japan’s Toshiba president steps down amid acquisition talks

Nobuaki Kurumatani will be replaced as chief executive and president by his predecessor, Satoshi Tsunakawa, who remained on the board, first as COO and currently chairman.

Survey shows 59% firms are eyeing raises

As the economy moves to a recovery path after a sharp decline last year, a study has shown that 59% of companies in India intend to give salary

Sops will help raise vaccine output: FICCI

There is a need to roll out incentives for COVID-19 vaccine manufacturers to help them ramp up production in a bid to cater to the rising demand

Despite challenges, HMT stays in the black

Kalamassery unit posts net profit of ₹3.37 crore

Chevrolet India says faulty Takata airbags replaced in 12,000 Cruze units

Automaker Chevrolet India, part of the U.S. auto major General Motors, is inspecting and replacing faulty airbags in Cruze sedan units manufactured between 2009 and 2017

DCGI nod paves way for Sputnik V vaccine import: Dr. Reddy’s

Sputnik V will join Covishield and Covaxin that were approved and used since India launched what arguably is one of the largest inoculation programmes globally in January

Auto sales fell 13.6% in year, grew 77% in March

‘Virus pushed sector back many years’

Industry seeks vaccines for all age groups, expedited supply

Lockdown is not a solution in present times, says CII

TCS reports 15% jump in Q4 net profit

Robust performance seen in verticals such as life sciences & healthcare and BFSI

Retail inflation quickens to 5.52%

Industrial output shrinks 3.6%; ‘we are far from seeing sustained recovery, need government support’

At ₹410 crore, JC Flowers highest bidder for Sathavahana Ispat debt

A consortium comprising Canara Bank, State Bank of India, Union Bank and IFCI had called for bids for sale of the debt.

Moment of truth in a policy contract

Premium paid for a policy is not an investment, and the quantum of claim is not an RoI

Ask us: on investments

Mutual funds are not meant to provide regular dividend options.

How to duck small savings rate cut

Senior citizens will still have a plethora of fixed-return choices

Cargo handling at 12 major ports in country falls 4.59% to 673 MT in FY21

These ports had handled 705 MT, 699 MT and 679 MT cargo in 2019-20, 2018-19 and 2017-18, respectively.

M&M to invest ₹ 3,000 crore on electric vehicle business in next 3 years

While it has already opened its electric technologies plant in Bengaluru that produces battery packs, power electronics and motors, it has also invested in a new manufacturing unit at its chakan plant to produce EVs.

Balrampur Chini board okays higher investment of ₹425 crore for new distillery plant

Sugar firm Balrampur Chini Mills on Saturday said its board has approved a higher investment of ₹425 crore for a new distillery plant of 320

China slaps $2.8 bn fine on Ma’s Alibaba

Regulator cites e-commerce giant’s ‘abuse of dominant market position’ as reason for record penalty

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