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

A view of the Tata Consultancy Services. File

TCS Board to consider buyback proposal on Jan. 12

PTI Smaller peers like Infosys and Wipro have also undertaken buyback programmes to return surplus cash on their books to shareholders.

Image for representational purposes

Reliance raises $4 billion in foreign currency bonds

The Hindu Bureau ‘Largest issuance by an Indian firm’

Electronics industry urges cut in import tariffs

The Hindu Bureau ‘High rates negate benefits of PLI’

NCLAT junks Anil Agarwal-led firm’s takeover of Videocon

PTI IBC provisions not complied with, says the appellate body

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TCS retains passport project; chip-based e-passports soon

TCS Board to consider buyback proposal on Jan. 12

Reliance raises $4 billion in foreign currency bonds

Electronics industry urges cut in import tariffs

Reliance raises $4 billion in India’s largest-ever foreign currency bonds issue

Delhi

Delhi HC throws out Subramanian Swamy’s plea against Air India-Tatas deal

Jet Airways says its VP-operations Sudhir Gaur has quit

The grounded airline in a regulatory filing clarified that Sudhir Gaur was not the interim CEO of the company.

Cairn drops all lawsuits against India

Britain’s Cairn Energy has dropped all lawsuits against the Indian government and its entities in courts from the U.S. to France and to Singapore, to

Malabar Gold eyes FY25 revenue of ₹75,000 crore

Firm to spend ₹1,200 cr. on new outlets

NCLAT junks Anil Agarwal-led firm’s takeover of Videocon

IBC provisions not complied with, says the appellate body

Hughes, Bharti form JV for VSAT services

Hughes Communication India Private Limited (HCIPL) and Bharti Airtel announced the formation of a joint venture to provide satellite broadband

Future wins HC stay on arbitration

The Delhi High Court on Wednesday put on hold the Amazon-Future arbitration going on before a three-member arbitral tribunal adjudicating Amazon’s

Government slaps Xiaomi with ₹653-crore demand notice

‘Mobile firm evaded customs duty’

Passenger vehicle retail sales dip 11 % in Dec amid semiconductor woes

Two-wheeler sales also continued to remain in the slow lane last month.

Delhi High Court stays Amazon-Future arbitration over Reliance deal

Amazon and the Future Group have been locked in a bitter legal tussle ever since the latter entered into a deal for the sale of its assets to Mukesh Ambani's Reliance Retail

SpiceJet prefers appeal against order to wind up company for non-payment of $24 million to Swiss firm

The airline said it had deposited $5 million in court to get the order stayed until the filing of an appeal

The failed deal between Antrix and Devas Multimedia

Why has a Canadian court ordered the seizure of more than $30 million worth of AAI’s assets? How can a foreign power issue such an order?

‘Foxconn plant unlikely to reopen until Jan. 7’

Unit was shut after workers’ protest

Musk’s Starlink to refund pre-orders

Billionaire entrepreneur Elon Musk’s Starlink satellite Internet venture told its members on Tuesday the Indian government had asked the company to

‘India spent record $55.7 bn on gold imports in 2021’

‘Deferred weddings conducted last year spurred demand’

Airtel Payments Bank designated as scheduled bank

The Reserve Bank of India (RBI) on Tuesday said Airtel Payments Bank Ltd. has been included in the Second Schedule to the Reserve Bank of India Act,

HC junks Future’s plea on arbitration with Amazon

Firm urged priority to termination plea

Commerce Ministry to launch Brand India Campaign to boost exports

Commerce and Industry Minister Piyush Goyal has recently reviewed the status of Brand India Campaign of India Brand Equity Foundation

BlackBerry loses bid to dismiss BlackBerry 10 lawsuit in NY, fall trial possible

While the BlackBerry 10 won positive reviews from critics, the public preferred Android-based smartphones and Apple Inc's iPhone, eventually leading to BlackBerry's 2016 decision to stop making phones.

Alka Mittal is interim ONGC head for six months

Alka Mittal is the first woman to head the country's largest oil and gas producer.

Analysis | Is Apple worth $3 trillion? Bulls, bears examine the case

Apple has built an ecosystem of 1 billion iPhone owners who spend money on services and that it is well-positioned for future categories like self-driving cars and augmented reality.

December goods exports touch $37.3-billion high: Goyal

Numbers show 37% growth; Minister says services sector to see ‘good’ tidings too

India's e-health industry will have a GMV of upto $15 billion by 2025: Redseer Consulting

Households continue to stay bullish on e-health usage

Devas seizes $6.8 million worth of AAI property in Canada

The shareholders had sought the right to seize all sum or moveable property of India and/or AAI being held by the International Air Transport Association

Benchmark for life

Equity allocation can enhance your investment portfolio’s expected return

Ask Us: On investments

The quantum of such pre-construction interest is to be divided equally in five instalments.

The importance of liquidity

Being cash rich is not important enough being liquid is

Centre set to defer GST hike on textiles ahead of Vibrant Gujarat summit

CM, others lobbied against hike that would have adversely affected Surat’s textile industry

Maruti reports double-digit sales growth in 2021; remains cautiously optimistic for 2022

The company’s domestic sales slipped 13% to 1,30,869 units last month as against 1,50,288 units in December 2020, it added.

Food aggregators to collect 5% GST beginning January 1

Food vendors who are currently outside the GST threshold will become liable to GST when provided through online platforms like Swiggy and Zomato

FinMin mandates ticket booking from 3 agents for govt.-funded air travels

The decision has been taken in view of the disinvestment of Air India.

IRDAI tells Go Digit to pull out plan

Insurer ased to withdraw all advertisements

CCI orders probe against Apple for ‘unfair practices’

‘No access to potential app distributors’

Eight core sectors’ output up 3.1% in November

Barring crude oil and cement, all other sectors recorded positive growth in November.

SII applies to Indian authorities for full market authorisation of Covishield

Serum Institute of India (SII) CEO Adar Poonawala on Friday said the vaccines major has applied to Indian authorities for full market authorisation

Tech Mahindra to acquire 100% stake in Allyis India, Green Investments

Tech Mahindra would pay total consideration of up to $125 million, including employment-related and performance-related earnouts

Reining in the Direct Selling Industry

What is the recent notification by the Government to the Consumer Protection (Direct Selling) Rules, 2021? How has the industry responded?

Reliance New Energy Solar to acquire U.K.’s sodium-ion battery tech firm Faradion

It has signed definitive agreements to acquire 100% shareholding in Faradion Ltd. for an enterprise value of GBP 100 million (around ₹1,000 crore).

Unified licence to cover voice mail, audiotex: Department of Telecommunications

No new standalone licences, says DoT

‘NTPC Renewable Energy to float tender for 3 GW by February’

₹15,000-crore project includes battery storage system

‘India-Australia interim FTA talks to close soon’

Final pact by end-2022, says the Commerce Ministry

Foreign carmakers are keen on Ford plant, says Tamil Nadu Industries Minister

Early-stage conversations are going on, govt. is facilitating talks: Thennarasu

IRDAI retains LIC, GIC, New India as D-SIIs

D-SIIs are perceived as insurers ‘too big or too important to fail’

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