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

Debashis Chatterjee.

‘Mindtree expects Europe to grow faster than U.S. in FY22’

Mini Tejaswi Focused M&As are key to our growth strategy, says MD

Representational image only.

ICICI Bank net rises 78% to ₹4,616 cr.; slippages up

Special Correspondent Retail loan book drags, NPA ratio rises

File photo of Elon Musk

Tesla CEO Musk expects at least 'temporary relief' for EVs in India in terms of import duty relaxation

PTI Elon Musk says he is hopeful that there will be at least a temporary tariff relief for electrical vehicles in India

Representational image only.

ITC Q1 profit rises 30.2% to ₹3,343.44 crore

PTI The company had posted a net profit of ₹2,567.07 crore during the April-June quarter of the previous fiscal, ITC said in a filing to the stock exchanges.

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interview | Debashis Chatterjee Business

‘Mindtree expects Europe to grow faster than U.S. in FY22’

ICICI Bank net rises 78% to ₹4,616 cr.; slippages up

IndusInd Bank to raise up to ₹30,000 crore

ITC Q1 profit rises 30.2% to ₹3,343.44 crore

Tesla CEO Musk expects at least 'temporary relief' for EVs in India in terms of import duty relaxation

RIL net rises 4.2% to ₹13,806 cr. as refining lifts revenue by 57%

Indian Oil Corp to fuel expansion with green power

IOC also plans to build a green hydrogen plant.

Supreme Court dismisses telecom majors’ pleas to record grievances on ‘arithmetical errors’ in calculation

Firms had sought chance to point out “arithmetical errors” in calculations.

CCI accuses Amazon of hiding facts in deal for Future unit

Watchdog issues ‘show cause’ notice on Future’s complaint

Excise duty collection from petroleum products being used in infra development: Nitin Gadkari

The Road Transport and Highways Minister said this in the Lok Sabha while replying to a question on the impact of rising fuel prices on the logistics cost of transportation in the country.

Cabinet approves ₹6,322-crore PLI scheme for specialty steel

The Union Cabinet on Thursday approved ₹6,322-crore production linked incentive scheme for specialty steel, a move aimed at boosting domestic

HUL Q1 net up 10.7 % at ₹ 2,100 cr; net sales rises 13 % to ₹ 11,966 cr

FMCG major Hindustan Unilever Ltd on Thursday reported an increase of 10.7 % in its consolidated net profit at ₹ 2,100 crore for the first quarter

Infosys reopens offices as India Inc eyes long road back to work

Health experts have appealed to State governments and citizens to not lower their guard against COVID-19, saying a third wave was inevitable.

Byju’s buys U.S.-based Epic for $500 million

Enters kids digital reading space

Order book to help HCL Tech tide over third wave, says MD

‘Firm should be fine as deals booked are under execution’

Serum Institute writes to Union Health Minister proposing reforms in drug regulatory system

Prakash Kumar Singh, Director, Government and Regulatory Affairs at Pune-based SII, in a letter, referred to a gazette notification by the Union Health Ministry on May 18, 2020

Adani to make changes in branding, logo after AAI committees find violation

Adani group starts making changes in brandings and displays in order to bring them in accordance with the concession agreements that they had signed with the Airports Authority of India

₹500 cr. COVID claims leave ICICI Prudential in the red with ₹186 cr. Q1 net loss

However, the company reported good all-round numbers, including a 71 per cent growth in the key metric of value of new business premium.

Wipro to invest $1 billion over three years in cloud

It unveils Wipro FullStride services

Nearly 12,900 companies struck off in 2020-21

As many as 12,889 companies were struck off from official records in the financial year ended March 2021 and 87 companies dissolved during the same

Swiggy closes $1.25 billion funding from Softbank, Prosus and others

'This investment would further accelerate Swiggy’s multi-year strategy of growing its core business and building new food and non-food adjacencies in 2021 and beyond.'

Unilever launches first in-store vending model at Mumbai mall

The consumer goods major’s ‘Smart Fill’ initiative is aimed at reducing plastic waste

NCLAT stays Twin Star’s Videocon takeover bid

Appellate body lists hearing on Sept. 7

‘Air traffic may hit 83% of pre-COVID level in Q3’

‘FY22 to see 9.2 crore domestic fliers’

HCL Tech net rises 9.9%, sees double-digit growth

Vijayakumar is MD as Nadar, 76, retires

IISc-incubated Mynvax to get funding to bring “warm” Covid vaccine to market

The company was developing novel recombinant vaccines for COVID-19 and human influenza and would use the proceeds to further clinical development for the same

Govt plans to complete LIC IPO this fiscal: Karad

The government plans to complete the initial public offering of Life Insurance Corporation (LIC) in the current fiscal, the Minister of State for

HDFC Bank shares tumble over 3% after Q1 earnings

HDFC Bank stock went lower by 3% to ₹1,475 on the BSE

Govts need to take steps to hold NSO Group accountable: WhatsApp CEO

WhatsApp had in 2019 sued the NSO Group, accusing it of using its messaging service to conduct cyberespionage on roughly 1,400 user accounts, including of journalists and human rights activists

Active or passive? Why investment grammar is important

Choosing the right fund for investment can be an uphill task as several factors are at play

Ask us: On investments

The corporate and government bond options have also tended to beat comparable options from mutual funds

Beware of new low-risk, high-return promise

Products such as perpetual bonds may carry an aura of safety but in reality there is little to cheer

Top oil producers agree on modest output boost from August

The grouping will “assess market developments” in December, it said.

Explained | Why has the RBI barred Mastercard from issuing new cards in India?

What is the RBI’s data localisation policy? What is the need for local data storage?

Market recovering, digital seeing quicker adoption: LTI

‘Pandemic brought local IT firms into the global limelight’

‘Infrastructure outlay, a boost for cement sector’

Ramco well placed to take advantage of likely buoyancy: CEO

HDFC Bank reports 14% increase in Q1 net, performance hit by second COVID-19 wave

HDFC Bank’s core net interest income grew 8.57% to ₹17,009 crore on advances growth of 14.4% and the net interest margin coming at 4.1%, while the other income grew 54.3% to ₹4,075 crore

Ola receives 1,00,000 bookings for electric scooter in 24 hours

The company started accepting reservations for the yet-to-be-launched two-wheeler on July 15

India’s June oil imports hit their lowest in nine months

Demand was muted in April, May after earlier uptick, leading to high inventories

Reliance Retail to acquire controlling stake in Just Dial for ₹3,497 crore

To make open offer for additional 26% stake as per norms

Aviation sector recovering after COVID-19 impact: Scindia

The COVID-19 pandemic hit the aviation sector in the country hard but now the things are improving, Union Civil Aviation Minister Jyotiraditya

Fresh card issuance by five private banks to be impacted due to ban on Mastercard by RBI: Report

However, the RBI’s directions will not impact existing customers of Mastercard.

OYO raises $660 million term-loan funding from global institutional investors

The offer was oversubscribed by 1.7 times and the company received commitments of close to $1 billion from leading institutional investors, OYO said.

Paytm files draft papers for ₹16,600-crore IPO with SEBI

According to the document, the company plans to raise ₹8,300 crore through fresh equity and another ₹8,300 crore through offer-for-sale.

Airtel Business, Cisco partner for connectivity solutions for enterprises

The partnership will allow enterprises to design, deploy, configure, migrate, and manage their wide area network infrastructure.

Lamborghini brings Huracán STO to India at ₹4.99 cr.

Italian super sports luxury carmaker Lamborghini on Thursday unveiled the Huracán STO model in India at a price tag of ₹4.99 crore (ex-showroom). The

Wipro Q1 net profit jumps 35%

Demand is robust, see double-digit growth this year: CEO

CBIC launches 24/7 plan for instant import, export of vaccines

Dedicated teams will oversee the evacuation of vaccines at air-cargo terminals and relaxations brought in for the export and import of vaccines through courier services.

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