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

Tube Investments Q4 profit surges 74% as sales improve

Special Correspondent Board declares final dividend of ₹1.50 per share

Sugar season likely to end with lesser stocks

Special Correspondent Exports may touch 70 lakh tonnes: ISMA

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Indian IT is on track to hit $300-350 billion revenues by 2025, says Nasscom

Special Correspondent Sector continues to be a net creator of jobs.

Petroleum and Natural Gas Minister Dharmendra Pradhan. File

Centre proposes changes in law to include hydrogen in mineral oil

PTI Petroleum Ministry invites comments from stakeholders

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₹17,777 crore returned in 6 shut schemes

Wipro IT to issue $750-mn dollar notes

CII urges ₹3-lakh crore stimulus

Tube Investments Q4 profit surges 74% as sales improve

Sugar season likely to end with lesser stocks

Indian IT is on track to hit $300-350 billion revenues by 2025, says Nasscom

Centre proposes changes in law to include hydrogen in mineral oil

Petroleum Ministry invites comments from stakeholders

T-Hub rolls out next batch of accelerator for startups

Under T-Angel, qualified startups stand to get upto Rs.50 lakh from angel investors.

Govt extends validity of motor vehicle documents till Sept 30

The government on Thursday extended the validity of motor vehicle documents like driving licence (DL), registration certificate (RC) and permits till

Google announces ₹ 113-crore grant to set up 80 oxygen plants, upskill rural health workers in India

The company is broadening its COVID-19 support efforts to help strengthen India's healthcare infrastructure and workforce.

NCLT doubts Videocon plan confidentiality

NCLT has raised doubts over ‘confidentiality’ of the liquidation valuation of assets of Videocon Industries and 12 group firms during the insolvency

Power use grows 9.3% in June first half

Power consumption in India grew by 9.3% in the first half of June to 55.86 billion units (BU), indicating a slow recovery in commercial and industrial

‘Youngest, oldest lost jobs in 2nd wave’

When it comes to losing a job permanently, the youngest and the oldest segments in the workforce have reported an increase in setbacks in the second

Deal pricing in line with practice, law: PNB HF

‘Price higher than valuers’ floor price’

Automation to cull 3-mn IT jobs by 2022: report

‘Firms set to reap $100 bn in savings’

Adani stocks extend losses for a third session

Group had rejected report on funds

Fuel demand revives in June over May

India’s fuel demand rebounded in the first half of June as easing of lockdowns helped sales but the consumption was still lower compared to last

‘India to have 330 mn 5G connections by 2026’

4G count to touch 830 mn: Ericsson

India may have 330 mn 5G subscribers by 2026, data usage to reach 40 GB per smartphone: Report

Ericsson mobility report said the number of smartphone subscriptions was 810 million in 2020.

India's exports up 46% to $14 billion during June 1-14

Imports too rose by 98.33% to $19.59 billion during the period

200 IBC pleas filed since Mar. 24: IBBI

About 200 applications for resolution of stressed assets have been filed under the insolvency law since the suspension of fresh proceedings ended on

Canara Bank to buy 12% stake in bad bank

Canara Bank said it will be the lead sponsor of National Asset Reconstruction Company Ltd. (NARCL), or bad bank, with a 12% stake in the entity. Bad

Govt., Infosys to sort out I-T portal glitches

Top Finance Ministry officials, while acknowledging that the new income tax filing portal has been ‘fraught with several technical glitches/issues

Max Life FY21 death claims surge 33%

Max Life Insurance has paid 19,922 death claims worth ₹885.57 crore during the financial year 2020-21

RBI restrains DHFL from taking deposits

Move precedes nod for Piramal buyout

U.S. arbitrator tells DRL unit to pay $46.25 mn

Ruling backs Australia’s Hatchtech Pty

PNB Housing Fin deal under RBI, SEBI lens

The Reserve Bank of India (RBI) as well as SEBI will look into various regulatory issues related to the proposed ₹4,000 crore-investment by U.S.-based

Cement offtake drops 25% in April-June: ICRA

‘Pent-up demand to drive sales in Q2’

Coal India Q4 profit drops 1% on lower sales

State-owned Coal India on Monday reported a marginal 1.1% decline in its consolidated profit to ₹4,586.78 crore for the quarter ended March 2021 on

SEBI penalises officials of FTAMC

A fine of ₹3 crore has been levied on Franklin Templeton Trustee Services Pvt. Ltd.

IOB net surges twofold to ₹350 cr. as income rises

Bank to focus on recovery, says MD

Adani group calls reports of freezing of investors’ accounts erroneous

Shares of Adani group companies plunged on Monday after reports that the National Securities Depository Ltd (NSDL) froze the accounts of the three foreign funds that are among the top stakeholders in the firms.

Uber Connect expands reach to 26 cities in India

Doubles number of two-wheelers for delivery of essentials.

USFDA nod for Natco Pharma’s anti-cancer generic drug

While the 10mg and 60mg strengths, of the product, have received final approval from the regulator, the 30mg strength has got a tentative approval.

SEBI tweaks delisting rules to make process transparent, efficient

This comes after the board of SEBI approved several amendments to delisting norms in March to make the process more transparent and efficient.

Patanjali’s Ruchi Soya files for ₹4,300 crore FPO

50% of the issue size will be on offer to Qualified Institutional Buyers, 15% to Non-Institutional investors and 35% to Retail Individual Investors.

Adani shares fall after India securities depository freezes foreign funds' accounts

Adani Enterprises tumbled 24.99% to ₹1,201.10, Adani Ports and Special Economic Zone plummeted 18.75% to ₹681.50 on the BSE

To claim or not to claim

Motor Third-Party Liability (TP) insurance is a cover under which the insured does not get to make a claim, but is covered for any claims that others

Covid-19 | Railways’ earnings from sale of platform tickets drops by 94%

In 2019-2020, the Railways netted ₹160.87 crore which was the highest earning from platform tickets for the national transporter in the last five years.

Coal India’s 114 mining projects under different stages of implementation

The coal behemoth took various measures to ensure timely completion of projects

Current fiscal may see highest number of model launches: Royal Enfield

The company, which is part of Eicher Motors, noted that it has a rich pipeline of products under development which could hit the market in the coming days

CAIT urges CCI probe against Amazon, Flipkart

Group writes to Goyal after HC ruling

‘Revised subsidies to spur EV demand’

Electric 2-wheeler makers term increased support under Centre’s FAME II scheme as ‘game changer’

‘Second wave impacts luxury home purchases’

‘Need for space had spurred demand’

‘Helicopter approach helped Roca post growth during pandemic’

A slew of measures from new product launches to loyalty programmes helped sanitaryware firm post robust revenue: MD

Speed up vehicle scrapping: Finance Minister

Nirmala Sitharaman said that enhanced capital expenditure will play a critical role in revitalising the economy post-pandemic

IIP rises 134.4% in April, but just 0.08% over pre-COVID level

The manufacturing sector, hit hardest by the national lockdown over April 2020, recorded a 197.1% uptick this April, though it was still 0.9% lower than April 2019 levels

SBI unveils Kavach Personal Loan scheme for COVID treatment

The loan covers expenses of COVID treatment of self and family members of the customer.

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