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

‘India key to IBM’s pursuit of a $1 trillion hybrid cloud opportunity’

Mini Tejaswi Tech firm sees local partnerships growing as country accelerates its digital push.

Royal Enfield CEO Vinod Dasari

‘Make-it-Yours’ keeps Royal Enfield on the go

K. Bharat Kumar ‘80%-90% of demand for our products comes via MiY software platform: Dasari

People are seen queuing at the Mumbai airport. File

Almost 65% of domestic air travel back to pre COVID-19 level: Civil Aviation Secretary

PTI Pradeep Singh Kharola said that as more business activities and colleges open up, this may go up to 80-90% in the next 2-3 months or almost to the level of normalcy

The watchdog has barred seven individuals and entities for insider trading in the shares of the company for a period varying from one to two years.

NDTV shares: SEBI bars two promoters, other individuals, entities for insider trading activities

PTI Some of them have also been asked to disgorge illegal gains made from trading in the shares when they were in possession of Unpublished Price Sensitive Information

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‘Make-it-Yours’ keeps Royal Enfield on the go

Interview | Viswanath Ramaswamy Industry

‘India key to IBM’s pursuit of a $1 trillion hybrid cloud opportunity’

Almost 65% of domestic air travel back to pre COVID-19 level: Civil Aviation Secretary

Baba Ramdev on board of Ruchi Soya; brother Ram Bharat to be MD

NDTV shares: SEBI bars two promoters, other individuals, entities for insider trading activities

‘E-tailers clock $8.3 bn in Oct.-Nov.’

Adani tops DHFL bid with ₹33,000 crore offer

Rivals want firm out for deadline miss

Vodafone Idea partners with firms to add non-core revenues

Telco allies with edtech, wellness start-ups to lift engagement

Hetero to produce Russia’s COVID-19 vaccine in India

More than 100 mn doses of Sputnik V to be made in a year

Core sector contraction widens to 2.5%

Oct. output at 8 key industries dragged down as steel production shrinks again; cement posts growth

Lakshmi Vilas Bank becomes DBS India; 94-year old bank part of history now

All the branches of LVB will function as branches of DBIL with effect from November 27, the RBI had said in a statement

Passengers can carry double check-in baggage in economy class of India-U.K. flights: British Airways

Passengers will now be able to take two pieces of check-in baggage, with each weighing a maximum of 23kg, British Airways said in a release.

India to allow Uber and rivals to charge 20% commission

The final guidelines say drivers should receive 80% of the ride fare with the taxi companies receiving the remaining 20%.

E-tailers clocked $8.3 billion in sales during Oct-Nov festive period: Redseer

‘Flipkart Group dominated the sale events at 66%’

James Wolfensohn, former World Bank president, passes away

Wolfensohn was a guiding force for a couple of the most well-known cultural institutions in the U.S.

SC dismisses Skoda Volkswagen’s plea to quash FIR for alleged use of cheat device in car

A Bench of Chief Justice S.A. Bobde and Justices A.S. Bopanna and V. Ramasubtramanian pronounced the verdict and dismissed the plea

Amazon fined for not displaying mandatory information about products

The ministry has imposed a fine of ₹25,000 on Bengaluru-based Amazon Seller Services

NSE warned Future Retail of action in Amazon row

Retailer quizzed on market disclosures

Curbs hit China supplies for iPhone

BIS started delaying approvals in August for China-made imports of devices like smartphones, smartwatches and laptops, part of the fallout from deteriorating ties with China after a border clash in June that left 20 Indian soldiers dead.

JSW Cement postpones listing to December ’22

MD cites slowdown, COVID-19

IBBI moots tweaks to exit liquidation

To provide an orderly framework for withdrawal from the voluntary liquidation process, the Insolvency and Bankruptcy Board of India (IBBI) has

LVB to become DBS Bank India from Nov 27; ₹25,000 withdrawal restriction to go

All the branches of LVB will function as branches of DBIL with effect from November 27, the RBI said in a statement

Toyota officials join assembly line as plant lockout prolongs

Carmaker restarts production as talks fail to break deadlock

‘Government support needed for tooling sector’

To help reduce imports and make India an export hub for the tooling sector, government intervention is critical in helping to set up clusters and

Government orders ‘priority’ for local tenders

Ministries not allowed to seek nod for global tenders for contracts worth up to ₹200 crore

GAIL proposes Kondapalli-Tirupati natural gas pipeline

State-owned GAIL is planning a 450-km pipeline from Kondapalli, near Vijayawada, to Tirupati for supplying natural gas to industries and city gas

‘Prime global residential prices may rise 2% in 2021’

No change for Mumbai: Knight Frank

Left slams RBI proposal to give banking licences to corporates

A retrograde move and it permits loot of people’s savings demolishing the system, they say

Congress opposes move to allow corporate houses set up banks

The Congress on Tuesday strongly opposed a proposed move of Reserve Bank of India (RBI) to allow corporate houses to enter the banking sector and set

Kerala moves Supreme Court against move to hand over Thiruvananthapuram airport to Adani group

State seeks interim stay on decision of Kerala HC on Oct. 19, allowing AAI to let Adani take over “operation, management and development” of the airport.

NITI Aayog forms panel to study feasibility of Hyperloop technology in India

An Expert Committee has been constituted to explore the prospects of ultrahigh speed travel.

NSE declares Karvy Stock Broking as defaulter, expels from membership

The move was taken as the broker failed to comply with NSE guidelines.

Lakshmi Vilas Bank stock tanks over 53% in 6 days

The government has placed LVB under one-month moratorium.

Bengaluru-based payments company Cashfree raises $ 35 million

Cashfree said it has been profitable since its first year of operations and counts more than 50,000 businesses amongst its merchants.

General Motors will recall 7 million vehicles for air bag issue worldwide

The recall is expected to cost the Detroit automaker $1.2 billion.

Vivimed Labs gets approval for 6 products

Drugmaker Vivimed Labs has received approval from Uzbekistan for three ophthalmic products and an equal number of oral liquid suspension products that

S&P ‘sceptical’ of banks’ corporate ownership

‘RBI will face challenges in supervision’.

Rajan, Acharya caution against proposal to allow corporate houses to set up banks

Article terms proposal a ‘bombshell’ best left on the shelf

Adani Solar to add 2-GW cell and module capacity at Mundra

‘Will help achieve cost-effectiveness, price parity with China’

U.K.’s ZNZ Pharma 2 buys 74% in Celon

London-based biopharma platform ZNZ Pharma 2, backed by an impact investment consortium comprising U.K.’s CDC Group and others, has bought 74% stake

‘Helmet industry not as severely hit as auto sector’

Studds eyeing 10% revenue growth in FY21, says Khurana

IT spending in India to grow 6% in 2021 to USD 81.9 billion: Gartner

IT spending in 2020 is expected to total USD 79.3 billion, down 8.4 % from 2019.

Ask us: On investment

Q. I am 35 and married with a 3-year-old kid. I work in the private sector. I would like to retire at 60 with a corpus of ₹3 crore. My present

Arogya Sanjeevani: A premium that doesn’t burn a hole in your pocket

If Arogya Sanjeevani proves popular, insurers may well begin offering instalment options on other health policies

RBI becomes world’s first monetary authority with a million Twitter followers

“RBI Twitter account reaches 1 million followers today. A new milestone. Congratulations to all my colleagues in RBI,” Governor Shaktikanta Das tweeted.

Capgemini to hire rural women graduates

Candidates to be paid ₹3.8 lakh a year

Punjab & Sind Bank to raise up to ₹5,500 cr.

State-owned Punjab & Sind Bank on Saturday said its board has approved a proposal to raise up to ₹5,500 crore by issuing shares on a preferential

Harley-Davidson says working with partner Hero to ensure smooth transition for customers in India

American cult-bike maker Harley-Davidson on Saturday said it is working with its new partner Hero MotoCorp to ‘ensure a smooth transition’ for its

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27K | Coronavirus | ‘Covishield’ vaccine volunteer sues Serum Institute of India, Oxford Group over ‘adverse reaction’

A medic fills a syringe with an experimental COVID-19 vaccine to administer it to a health worker during its trials at the Gujarat Medical Education and Research Society in Ahmedabad on November 26, 2020.

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A view of the Pallikaranai Anai Eri now, with restoration work underway

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Illustration: R. Rajesh

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Mohsen Fakhrizadeh

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Farmers from Punjab and Haryana protesting against farm laws at GT Karnal Road Singhu Border in New Delhi on Saturday. November 28, 2020.

8K | Dilli Chalo protest | BKU breaks barriers at Delhi-Ghaziabad border, enters Delhi

Uttar Pradesh Governor Anandiben Patel and Chief Minister Yogi Adityanath at the Raj Bhawan in Lucknow. File photo

8K | First case under new ordinance against unlawful conversion lodged in U.P.

7K | Tech tact: On India’s apps blocking spree

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