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

Yatin Gupte, Chairman and Managing Director, WardWizard Innovations & Mobility Ltd. File

WardWizard to start work on EV ancillary unit

The Hindu Bureau The development of the EV ancillary cluster will begin from February 2022 in a phased manner.

Bharti said to mull roping in a ‘strategic investor’

PTI Board to decide on preferential issue

Cairn ‘fulfils’ retro tax repeal steps, awaits ₹7,900 crore refund

PTI Firm says it expects India to make payment in ‘early 2022’

No dearth of buyers: Maruti said it had more than 2,40,000 pending customer orders at the end of the quarter.

Maruti Q3 net almost halves to ₹1,042 cr. as chip shortage bites

Special Correspondent Company aims to boost output in Q4 as electronics supply ‘improving gradually’

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Taxation of ULIP proceeds to create 'level-playing field' with MFs: I-T dept

BVG strengths JKEMS fleet

Bharti said to mull roping in a ‘strategic investor’

Cairn ‘fulfils’ retro tax repeal steps, awaits ₹7,900 crore refund

Maruti Q3 net almost halves to ₹1,042 cr. as chip shortage bites

Rane Engine Valve records ₹3 crore Q3 loss

Hyundai unit’s exports of Creta grew 26% in 2021

‘Cumulative shipments rose 32%’

SEBI notifies stricter norms for appointment of managing director at listed companies

As per the Companies Act, 2013, the board cannot appoint a person who fails to get elected as a director at a general meeting as an additional director.

WardWizard to start work on EV ancillary unit

The development of the EV ancillary cluster will begin from February 2022 in a phased manner.

Ramco Cements Q3 net plunges 59%

The Ramco Cements Ltd. has posted a 59% drop in its standalone net profit for the third quarter ended December to ₹83 crore on account of weak demand.

CCI fines three marine lines in cartel probe

watchdog passed an order against K-Line, MOL, and Nissan Motor Car Carrier Company

MMR saw highest home registrations in 2021; sold 2.42 lakh units

Maharashtra’s stamp duty collection increased to ₹11,000 cr in 2021 from ₹3,500 cr in 2020

Swiggy raises $700 million in Invesco-led funding

Fresh capital to aid growth, it says

Swiggy raises $700 million from Invesco, other investors

Six months after raising $1.25 billion, the new fundraise also sees increased participation of institutional investors both in India and globally

Ola Electric raises $200 million in funding at a valuation of $5 billion

Over the last 12 months, Ola Electric has built its 'Futurefactory', which it claims is the world's largest two-wheeler manufacturing facility, and launched its electric scooter Ola S1

Mis-selling in health insurance

Utmost good faith is the underlying principle of any insurance product

India Inc proposes additional 1% CSR levy for booster shots

It calls for lifting of COVID-19 restrictions by State governments

HDFC Capital raises $1.22 bn for affordable housing fund

H-CARE 3, combined with potential reinvestments by the fund, would create an estimated total fund corpus of $1.88 billion.

Govt. relaxes deadline for re-export of containers used for oxygen transport

Currently, containers are allowed to be imported duty-free with the condition of re-export in the next six months.

Yes Bank Q3 profit surges 77% to ₹266 crore, total income drops

Lender’s cash recovery stood at ₹610 crore for December quarter

ICICI Bank Q3 profit rises 25% to ₹6,194 cr.

Remain optimistic about economy: ED

Vodafone Idea Q3 loss widens to ₹7,231 crore

The company had posted a loss ₹4,532.1 crore in the same period a year ago.

5G coverage inside buildings to be a challenge as signals get transmitted on high frequencies: TRAI

"Holistic approach will be required to ensure availability of digital infrastructure in building complexes”

Intel to invest up to $100 bn in Ohio chip units

Firm aims to address global shortage

Indian Missions can popularise National Single Window System: Goyal

Include Indian missions to populariseNational Single Window System: Piyush Goyal

Adani Wilmar’s ₹3,600-cr. IPO to open on Jan. 27

Firm to trim debt with issue proceeds

Importers, govt. duel in Supreme Court over GST on ocean freight

The levy was struck down by a HC

FedEx starts EV trials in India

FedEx Express, a subsidiary of FedEx Corp., has announced the start of electric vehicle (EV) trials in India as part of its global goal to achieve

RIL net rises 42%; retail, shale sale buoy

Third-quarter profit climbs to ₹18,549 crore as overall revenue surges 52% to ₹2,09,823 crore

‘Time to look at healthcare differently’

Rationalising GST rates could make sector affordable, says Apollo Hospitals MD

Start-ups raised a record $24.1 billion in 2021: study

Two-fold rise from pre-COVID levels, according to a new study by NASSCOM and Zinnov.

Wendt India posts 101% jump in Q3 net proft

The Murugappa group firm achieved sales of ₹36 crore, an increase of 19% over than the corresponding period last year.

OPEC's share of Indian oil imports falls to lowest in at least 15 yrs

India's crude imports rebounded 3.9% to 4.2 million barrels per day (bpd) in 2021, the data showed, but remained below pre-pandemic levels in 2019

‘Vedanta mulls $10-bn fund to bid for BPCL, other assets’

Money will never be a problem, says chairman Agarwal

NCLAT directs Jalan-Kalrock consortium to share resolution plan details with Jet Airways workmen

The development comes almost seven months after the Mumbai bench of the NCLT approved the Jalan-Kalrock Consortium''s resolution plan

Videocon lenders invite fresh EoIs

The consortium of lenders of Videocon Industries has invited fresh expressions of interest (EoIs) for the debt-ridden group after the insolvency

Apollo Tyres invests in solar energy firm

Leading tyre manufacturer Apollo Tyres Ltd. (ATL) has picked up a 27.2% stake in CSE Deccan Solar, a subsidiary of Cleantech Solar, to get a

Natco, 9 others chosen to supply COVID-19 drug

UN-backed MPP signs sublicence pacts

Institutional realty stake dropped 14% in 2021: JLL

‘Second wave impacted investments’

HUL Q3 net rises 17% to ₹2,243 cr.

High inflation, raw material prices may pressure margins in near term, says CMD

Toyota announces Hilux, its maiden ‘Lifestyle Utility Vehicle’ in India

‘Prices will be revealed in March; deliveries from April onwards’

Mixed reality can offer health, safety benefits to first-line workers: Microsoft

Microsoft launches HoloLens2 in India

Fluence, ReNew to form JV to boost energy storage sector in India

Fluence Energy Inc., a global market leader in energy storage products, and renewable energy company ReNew Power Private Ltd, have signed an

Walmart invites Indian sellers to join its marketplace to serve U.S customers

The company has set an ambitious goal of exporting $10 billion from the country each year by 2027.

Customer spending across sectors, regions remains robust: LTI’s Sanjay Jalona

`Momentum to continue for at least 3-5 years’

Ban on regular international flights extended till Feb. 28

The Directorate General of Civil Aviation on Wednesday extended the ban on scheduled or regular international flights till February 28. However,

Air India cancels U.S. flights for second day

Safety concerns over 5G rollout in U.S.

Mills call for lifting import duty on cotton

Textile mills have reiterated their demand to remove the import duty on cotton as prices of domestic cotton continue to increase. Chairman of Southern

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Former West Bengal Chief Minister Buddhadeb Bhattacharjee. File

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