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

Securing the future: Banks need to invest more in IT systems to maintain public confidence, Mr. Das said. Paul Noronha

RBI tightens oversight of NBFCs, UCBs

Special Correspondent Regulator strengthens audit norms for urban cooperative banks, non-bank lenders in moves to bolster financial stability

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DBS signages are seen in Singapore. File

DBS Bank India gets ₹2,500 cr. capital support from parent for LVB merger

PTI DBIL said its CAR remains above regulatory requirements after the amalgamation.

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Image for representative purposes only

Fuel supply by Coal India to power sector drops 7% in Apr-Oct

PTI The State-owned company had supplied 253.76 meric tonnes of coal to the power sector in the corresponding period of the previous fiscal, according to government data

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As per Brightcove, the study titled ‘The Future of OTT in South Asia’ is the first such survey of the market that investigates the streaming habits and preferences of consumers.

OTT streaming wars will further intensify in 2021: Study

Special Correspondent Over 3,000 people, of 16 years of age and above, from seven countries including India, Bangladesh, and Pakistan were part of the study

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LIC’s online policy sales rise 128%, says MD Kumar

RBI tightens oversight of NBFCs, UCBs

DBS Bank India gets ₹2,500 cr. capital support from parent for LVB merger

Fuel supply by Coal India to power sector drops 7% in Apr-Oct

India COVID Response Fund raises ₹220 crore

Letting corporates into banking is internal panel’s idea, not RBI view, says Governor

OTT streaming wars will further intensify in 2021: Study

Over 3,000 people, of 16 years of age and above, from seven countries including India, Bangladesh, and Pakistan were part of the study

IKEA to open second Indian store in Navi Mumbai on Dec 18

“We have been present online in Mumbai since early 2019.”

COVID-19: Zydus Cadila gets DGCI nod for phase 3 clinical trials with biological therapy

The trials, which will commence in December.

Aviation loss to widen to ₹21,000 cr. in FY21: ICRA

‘Sector needs up to ₹37,000 cr. more’

RBI halts HDFC Bank from issuing new credit cards

Curbs covering fresh digital initiatives follow tech outages

HCL’s Roshni tops list of India’s richest women

Shaw leads list of self-made women

‘India can be a $100-bn PCBA hub by 2026’

India has the potential to become a $100 billion global manufacturing and export hub for printed circuit board assembly (PCBA) by 2026 — a key to

Webinar on exchange traded funds

ICICI Prudential Mutual Fund and The Hindu BusinessLine will conduct a webinar on the topic ‘Exchange Traded Funds (ETFs) – Simplified’, on December 5

IL&FS gets nod to sell CNTL to CUBE

IL&FS Group said it had received Justice (retd.) D.K. Jain’s approval for sale of Chenani Nashri Tunnelway Ltd. (CNTL) to Cube Highways and

DGGI arrests company director for fraudulently availing ₹49.2-crore input tax credit

Officials of the Directorate General of GST Intelligence’s (DGGI) Nagpur zonal unit have arrested a company’s director for fraudulent availment of

NCLT gives nod for Reliance Infratel resolution plan, lenders may get around ₹4,400 cr

Reliance Jio may pick up the assets of the debt-ridden telecom infrastructure company.

AlphaVector launches KTM’s premium bicycle range in India

Priced between ₹30,000-10 lakh, the premium segment will expand AlphaVector’s portfolio beyond the recently launched e-bicycle (Meraki).

Bank of India to acquire 49% stake each in BOI AXA Investment Managers, BOI AXA Trustee Services

Bank of India holds 51% equity shares each in BAIM and BATS.

Coronavirus | Committed to engage with Indian govt. on making vaccine available in country: Pfizer

Pfizer is committed to ensuring everyone has the opportunity to have access to the vaccine, and is working closely with governments, it added

FreshToHome expands its fresh delivery services in Bengaluru, Hyderabad, Pune

FTH Daily offers grocery and staples among other food products

Flipkart to hive off PhonePe

Flipkart to remain PhonePe’s majority shareholder, and the two businesses will retain their close collaboration

RBI asks HDFC Bank to stop issuing new credit cards

Private sector lender HDFC Bank on Thursday said the Reserve Bank of India (RBI) has asked it temporarily stop all launches of its upcoming digital

RIL tops Fortune 500 list of Indian companies, IOC at second spot

Oil-to-telecom conglomerate Reliance Industries Ltd. (RIL) topped the Fortune 500 list of Indian companies, Fortune India announced on December

MDH Masala owner Mahashay Dharampal Gulati passes away

Popularly called ‘King of Spices,’ he suffered a cardiac arrest early on December 3

Sugar output doubles to 42.9 lakh tonne

Sugar output doubles to 43 lakh tonne: ISMA Sugar output increased by over twofold with 408 mills producing 42.9 lakh tonne in October and November,

Nissan unveils Magnite SUV at ₹4.99 lakh

Nissan Motor India (NMI) stepped into the B-Sport Utility Vehicle (SUV) segment with the introduction of Nissan Magnite at an introductory price of

Government’s payback scheme on interest is arbitrary, Industry tells Supreme Court

Business sectors classified as ‘big’ borrowers urge loan relief in plea to apex court.

China’s Ant said to mull sale of Paytm stake amid tensions with India

Indian payments provider, Chinese firm term report ‘false’

Accenture collaborates with Museum of Art & Photography in Bengaluru

Develops India’s first AI-enabled conversational digital persona to promote art

Rolls-Royce, Infosys enter partnership for sourcing engineering, R&D services

Rolls-Royce’s civil aerospace team will move to Infosys premises

Rhizen Pharma gets USFDA approval for phase one clinical trials for COVID-19 drug

Rhizen Pharmaceuticals, an associate company of Alembic Pharmaceuticals, on December 2 said it has received approval from the U.S. health regulator

SC stays NCLAT order for CCI probe against Flipkart

The NCLAT said that the All India Online Vendors Association (AIOVA) had successfully made its case.

Burger King India IPO gets oversubscribed

The chain currently operates 268 stores in India.

Supreme Court rejects Vedanta’s interim plea to inspect, operate closed Sterlite copper unit at Tuticorin

The company suggested that the plant could be run for 30 days under the supervision of an expert committee appointed by the court

Nissan forays into compact SUV segment, drives in Magnite at ₹ 4.99 lakh

The introductory pricing on the model would be applicable for bookings till December 31, 2020.

Elgi sees faster recovery in firm’s markets

Air compressor manufacturer Elgi Equipments expects domestic and international markets to have equal contribution to its business in the second half

Railways hauls highest ever load for 2020 in Nov.

The Railways on Tuesday said it registered the highest freight loading for 2020 in November at 109.68 MT (million tonne), even as loading during the

Auto dispatches saw year-on-year growth in Nov.

Personal mobility, buyer sentiment spurred demand; but Maruti saw 2.4% decline

PMI shows manufacturing losing steam

Survey-based index pegs sector’s expansion at 3-month low; job shedding apace, confidence fades

India's November diesel sales declined 7%

Slump hints at fragile recovery, following growth in October

India’s November power consumption growth slows to 4.7%

Onset of early winter cited for decline

Paytm waives off charges on merchant transaction

Paytm on Tuesday said it has waived off all charges on merchant transactions, enabling them to accept payments from Paytm wallet, UPI apps and RuPay

HC pulls up RBI for letting PMC Bank decide on depositors requests for money

“The RBI was to apply its mind and not act as a post office. If you (RBI) have imposed the restrictions, then you have to apply your mind,” the Court said.

S&P Global to acquire IHS Markit in $44 bn mega deal

Transaction expected to close in the second half of 2021

‘Passenger vehicle, bike wholesales to decline’

Dealers have huge inventories: Ind-Ra

October queries on card users grows on year: Transunion Cibil

Banks’ requests for information on credit card borrowers or ‘credit card inquiries’ in October surpassed the year-earlier level, a credit information

‘Bank credit growth to stay slow in near term’

‘Asset quality unease curbs disbursals’

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129K | 10 out of 13 honey brands fail ‘purity test’, finds CSE investigation

Ranjitsinh Disale reacts as he was announced the winner of The Global Teacher Prize 2020. Photo: Twitter/@TeacherPrize

48K | Maharashtra schoolteacher wins $1-million Global Teacher Prize for promoting girls’ education

Telangana Rashtra Samiti working president and Municipal Administration Minister K.T. Rama Rao along with party leaders addressing media conference on Greater Hyderabad Municipal Corporation (GHMC) election, results in Hyderabad on Friday, 04/12/2020

27K | Hyderabad GHMC polls results live: TRS leads, BJP edges ahead of MIM

Rajinikanth addresses a press conference outside his residence in Chennai on December 3, 2020.

24K | Rajinikanth to launch political party in January

24K | Indian-American Gitanjali Rao named first-ever TIME ‘Kid of the Year’

20K | Behind China’s wolf warrior diplomacy

External Affairs Minister S. Jaishankar at South Block in New Delhi on Wednesday, December 02, 2020.

14K | LAC standoff | India approaches China bilaterally, with the challenge of global rebalancing, says External Affairs Minister

Many houses and flats are vacant as tenants have returned to their hometowns.

11K | ‘To-let’ boards become common as WFH, job loss keep tenants away

Members of the Bharatiya Kisan Union block a highway at the Ghazipur border in New Delhi on December 3, 2020 during their protest against the new farm laws.

10K | Dilli Chalo | Government offers eight amendments to agriculture reform laws, farmers want full repeal