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29/06/2020:COVID-19 : Industrial activity at the COVID_19 Ambattur Industrial Estate in Chennai, one of the oldest and biggest Industrial cluster in Tamil Nadu was almost negligible during the lockdown. Photo: / The Hindu

Manufacturing contracts for fourth straight month: July PMI

PTI Contraction quickens on muted demand amid prolonged closures, survey shows

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Bank of India net triples to ₹844 cr., NPAs decline

Special Correspondent Muted loan growth causes dip in NIM

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Image for representation.

Wockhardt unit to supply COVID-19 vaccines in U.K.

Special Correspondent Wales facility will ‘fill finish’ the doses

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After 2 months of gains, fuel demand slips

Reuters Refined fuel consumption in July slipped from June, according to preliminary data, indicating slower industrial activity as high retail prices, floods and renewed COVID-19 lockdowns in parts of India dented demand.Local fuel sales — a proxy for oil demand — plunged to historic lows in April when India imposed a country-wide lockdown.State-refiners’ diesel sales, which account for a fifth of overall refined fuel sales in India, fell by 13% to 4.85 million tonnes in July from June, and by about

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Moody’s upgrades Yes Bank ratings

Google to sell Pixel 4a phone in India in Oct.

Bank of India net triples to ₹844 cr., NPAs decline

interview | K.E. Ranganathan Business

Demand returns, 60% of our outlets are up and running: Roca MD

Wockhardt unit to supply COVID-19 vaccines in U.K.

After 2 months of gains, fuel demand slips

Euro zone manufacturing returns to growth in July

PMI reveals modest expansion, zone’s first since early 2019

Manufacturing contracts for fourth straight month: July PMI

Contraction quickens on muted demand amid prolonged closures, survey shows

HSBC says net profit plunged 96% in 2Q as pandemic took hold

HSBC said its lending in the last quarter fell 3% to USD 29 billion while deposits rose 6% to USD 85 billion as customers saved more and spent less.

Wockhardt strikes deal to supply COVID-19 vaccines to U.K.

Indian drugmaker Wockhardt Ltd. will supply millions of doses of multiple COVID-19 vaccines, including that being developed by AstraZeneca and Oxford

Bank of India Q1 net profit rises over three-fold to ₹844 cr

State-owned Bank of India (BoI) on Monday reported over three-fold rise in net profit to ₹843.60 crore for the quarter ended June 30, as pressure of

Insurance agents | Do buyers know what they want?

Understand your needs, do adequate research before bringing an agent into the picture

Should you time Mutual Fund investments?

Mutual funds, unlike stocks, are not buy low, sell high instruments

Discoms’ outstanding dues to power gencos rise 47% to ₹ 1.33 lakh crore in June

In June 2020, the total overdue amount, which was not cleared even after 60 days of grace period.

July sales hint at auto sector revival

Largest car maker Maruti Suzuki posted 1% growth in wholesale deals

ATF price hiked 3%; no change in LPG, petrol, diesel rates

Aviation turbine fuel (ATF) rates went up by ₹1,304.25 per kilolitre or 3% in the national capital to ₹43,932.53 per kl, according to a price notification of state-owned oil companies

IOC Q1 profit almost halves, revenue slides

Indian Oil Corporation (IOC) reported a decline of almost 47% in standalone net profit to ₹1,911 crore for the first quarter ended June 30, 2020.

Tata Motors’ Q1 loss more than doubles to ₹8,438 cr.

CV, PV sales plunge; JLR no exception

SBI net jumps 81%, NPAs shrink

Net interest income rises 16% to ₹26,642 cr. while non-interest income climbs 18%

Minister supports 100% FDI in affordable rental housing

Portal, app for homebuyers to connect with real estate developers launched.

Core sector output shrinks 15% in June, fertilizers buck trend

Barring fertilizer, all seven sectors - coal, crude oil, natural gas, refinery products, steel, cement, and electricity - had recorded negative growth in May

Facebook, Google bet on Jio pact to tap opportunities in India

Facebook CEO Mark Zuckerberg said India “should be one of the faster-growing business opportunities” for the company.

Mukesh Ambani calls for urgent policy steps to do away with 2G

India still has 300 million mobile subscribers trapped in the 2G era.

Taxes, levies in telecom sector high, need to be reviewed thoroughly: Sunil Mittal

“Telecom resources like spectrum, levies should not become a source for the exchequer, but should become a force multiplier in ensuring economic momentum becomes faster and gets accelerated,” he said.

IOC Q1 net profit falls 47% to ₹ 1,910.84 crore

Income from operations fell to ₹ 88,936.54 crore in April-June.

SBI’s Q1 profit surges 81% to ₹ 4,189 crore

The lender had reported a net profit of ₹ 2,312.02 crore in the April-June quarter of 2019-20

Enterprises should adopt ‘always verify and never trust’ approach to ensure safety: PwC

“In the past, securing an organisation was about establishing walls around the data centre.”

No BS-IV vehicles to be registered before deciding on their sale during lockdown, says SC

The Court has asked automobile dealers association for details of sale of vehicles through online or direct sale during the period.

Tata Capital to invest ₹225 cr. in Biocon Biologics for 0.85% stake

Deal values Biocon Biologics an equity valuation of $3.5 billion.

Taking on SpaceX, Amazon to invest $10 bln in satellite broadband plan

The project will also benefit wireless carriers deploying 5G and other wireless service to new regions

Nokia posts surprise Q2 profit rise ahead of CEO change

Nokia is lagging behind its rivals China's Huawei and Sweden's Ericsson in 5G network sales.

Facebook smashes revenue estimates amid pandemic, forecasts ad growth

Facebook said in April it was seeing signs of stability for sales in the first three weeks of the quarter after a plunge in March.

Apple delivers blowout earnings but new iPhones face delays amid COVID-19

Other major tech companies Amazon.com Inc and Facebook Inc also posted results that topped Wall Street targets, sending their shares up.

Alphabet sales drop for first time on Google ad cutbacks in pandemic

New data privacy laws, including one that went into effect this month in Google's home state of California, are also depressing ad prices.

Amazon posts biggest profit ever at height of pandemic in U.S.

Amazon had forecast it might lose money in the just-ended second quarter.

Long way to go on 5G: Bharti CEO

‘Spectrum at ₹50,000 crore for 100 MHz way over the top’

Religare’s NBFC arm eyes resolution in 6 months

‘Debt restructuring proposal with CoC’

Lakshmi Vilas Bank loss narrows

The bank will continue to share information on the developments for funds raising in public domain as and when they materialise.

No relationship of trust with SP Group, Tata Sons tells SC

Counters Mistry’s claim in rejoinder to his cross appeal

RIL profit jumps 31% even as revenue declines 42%

One-time gain from stake sale lifts net

HDFC Q1 net profit drops 5% on higher provisions

HDFC had registered a net profit of ₹3,540 crore in the same quarter a year ago

Huawei overtakes Samsung as top handset maker thanks to robust China sales

The Chinese company has felt the heat of U.S. sanctions that have disrupted its business overseas, but the latest numbers show its rising dominance in its home market.

Amazon to showcase more than 1,000 new products by SMBs, start-ups on Prime Day

Thousands of local shops on Amazon sellers will also make their debut.

ArcelorMittal reports $559 million net loss in April-June qtr

The world’s largest steelmaker had clocked a net loss of $447 million in the year-ago quarter, the company said in a statement

Govt. imposes safeguard duty on solar cells for one more year till July 2021

The move comes in the wake of a recommendation by the Directorate General of Trade Remedies which stated that there was a significant increase in imports after duties were relaxed last year.

India’s gold demand in April-June plunges 70% on COVID-19 disruptions

The global demand for the yellow metal declines by 11% during the period, according to World Gold Council report

IndiGo suffers ₹2,844 cr. loss as revenue falls 93%

To sell 15 planes to improve liquidity

Maruti posts first loss since 2003 as lockdown hits output

Carmaker’s revenue plunges 80%; large part of quarter had nil production, sales

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Former Union Minister Manish Tewari

77K | Jyotiraditya Scindia and Sachin Pilot were the ‘princelings’ of Congress, says Manish Tewari

The trio said the contempt law in question was unconstitutional, rooted in colonialism and produced a chilling effect on free speech and expression.

70K | N. Ram, Arun Shourie and Prashant Bhushan move Supreme Court against Contempt of Court Act

A pilot with IndiGo airlines was killed and the driver seriously injured when the car they were travelling in rammed a container truck on the Nehru Outer Ring Road at Himayat Sagar.

33K | IndiGo pilot killed in car crash near Hyderabad airport

Union Home Minister Amit Shah attends an event in New Delhi on August 1, 2020. Mr. Shah said on August 2, 2020 said he had tested positive for COVID-19.

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A passenger shows her ticket and identity card to a security person at the airport in Ahmedabad, Gujarat. File (representational image)

21K | Coronavirus | India eases quarantine rules for international travellers

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Police personnel fine motorists who came out without reason on the complete lock down day, at Goripalayam in Madurai on August 2, 2020

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Karnataka Chief Minister B.S. Yediyurappa. File

13K | Coronavirus| Karnataka Chief Minister B.S. Yediyurappa tests positive for COVID-19