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Automobile wholesales dip 30% month-on-month in April: SIAM

Special Correspondent The wholesales of passenger vehicles stood at over 2.61 lakh units in April, a month-on-month decline of 10.7% from 2.90 lakh units sold in March 2021.

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COVID-19 | India’s smartphone market to slowdown in 2Q21

Yuthika Bhargava “However, the high shipments from the first quarter should be able to suffice for the immediate demand,” Navkendar Singh, Research Director, Client Devices & IPDS, IDC India, said.

Oil refiners cut output, imports as pandemic hits fuel demand

Reuters Sales in May could be about 5% lower than April, says HPCL Chairman Surana

SEBI pitches for ‘person in control’ over ‘promoter’

PTI ‘Often, PE investors hold special rights’

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Automobile wholesales dip 30% month-on-month in April: SIAM

Nomura pares FY22 growth estimate to 10.8%

SEBI pitches for ‘person in control’ over ‘promoter’

Oil refiners cut output, imports as pandemic hits fuel demand

KFintech acquires stake in insurtech startup Artivatic

OYO to show vaccination status of hotel staff on app

COVID-19 | Microfinance sector writes to RBI; seeks emergency credit line

In a letter to the RBI, Sa-Dhan, the industry body representing the microfinance sector, has sought an emergency credit line of up to 25% of their outstanding with the lending banks.

COVID-19 | India’s smartphone market to slowdown in 2Q21

“However, the high shipments from the first quarter should be able to suffice for the immediate demand,” Navkendar Singh, Research Director, Client Devices & IPDS, IDC India, said.

IP waiver will not boost vaccine production: OPPI

‘Critical know-how key to scaling up’

‘Retail auto sales slip 28% over March; May to see muted run’

April saw lockdowns across States, recovery to take longer this time: FADA

Vistara to fly to Tokyo from June 16

The decision to launch a new international route comes despite a fall in demand for travel during the second wave of COVID-19 in the country

Snapdeal creates platform to connect patients with plasma donors

E-commerce firm Snapdeal on Monday launched a new platform which can be used to connect COVID-19 patients with potential plasma donors.The platform,

Bharat Biotech commences direct supply of COVID-19 vaccine Covaxin to 14 States

Bharat Biotech has started supplying its COVID-19 treatment vaccine to the States based on the allocations received by the Central government

April retail vehicle sales fall 28% month-on-month

For FY20-21 vehicle registrations are below FY12-13 levels, lowest in eight years, according to Federation of Automobile Dealers Associations.

Hero MotoCorp extends plant closure by a week

Amid the rising COVID-19 cases, two-wheeler market leader Hero MotoCorp on Sunday said it will extend the shutdown at its manufacturing facilities

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Ask us: On investments

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Oxygen plants: Maruti Suzuki to join hands with two firms

We decided to use our resources to help scale-up their production on no-profit basis, it says

Reliance Retail 2nd fastest growing retailer in world

The top 10 has seven US retailers and one from the UK (Tesco PLC at 10th position).

CBIC allows goods import, export sans Customs bond

Tax body eases norm till June 30 to avoid delays on COVID

Bandhan Bank net dives on microfinance loans

It writes off ₹1,929-cr. disbursements.

ICICI Lombard extends pay to COVID-hit staff

Private sector non-life insurer ICICI Lombard on Saturday said it will give up to two months’ gross salary in advance to all its COVID- positive

D-Mart sees ‘severe impact’ on revenue

Excess inventory likely for retail chain.

Coronavirus | Oxygen curbs hit container availability

Exports affected as ‘thousands of damaged containers unusable’; gas key to welding process in repairs

OTT will become as popular as TV cable connection now is, says Sriram Manoharan

The OTT industry in India has over 3 crore paid subscribers, and the number is increasing leaps and bounds on a daily basis.

NHAI exempts tankers carrying oxygen from toll fee on highways

The outbreak of COVID-19 has created huge demand for LMO across the country.

‘Indian offshore model will dominate IT scene for a decade’

Firms in India are ‘pandemic winners’; prices trend lower

Non-life insurers get health boost in April

Private life insurers post 55% growth

HDFC sounds caution on economy, Q4 net jumps

Board recommends ₹23 dividend

India’s sovereign rating to remain unchanged despite pandemic impact: S&P

Health crisis may lower growth, it says

SEBI notifies relaxed rules for listing start-ups

The changes have been made to the framework for listing on the Innovators Growth Platform (IGP), according to two separate notifications issued on Wednesday.

TRIPS waiver for COVID-19: WTO chief urges proponents to submit revised proposal soon to start talks

The proposed relaxations in the norms of the agreement are aimed at ensuring quick and affordable access to vaccines and medicines for developing countries.

WhatsApp scraps May 15 deadline for accepting privacy policy terms

WhatsApp had faced severe backlash over user concerns that data was being shared with parent company Facebook.

India holds up wireless approvals for China-made devices, delaying launches

The Communications Ministry's Wireless Planning and Coordination (WPC) Wing has withheld approval since at least November, according to the sources, who were familiar with lobbying efforts by firms seeking clearance

North American auto companies buying more robots to keep up with demand

Companies ordered 9,098 robots in the first quarter, a 19.6% increase over a year ago, according to the Association for Advancing Automation, an industry group based in Ann Arbor, Michigan. The orders were valued at over $466 million in total.

Cognizant Q1 net climbs 37.6% on digital growth

‘Revenue to grow 7-9% in 2021’

‘COVID wave may hit energy demand in first quarter’

Low-base effect may lead to y-o-y growth: Ind-Ra report

Drugmakers say Biden misguided over patent waiver

U.S. President supports waiving intellectual property rights for COVID vaccines

‘HCL Tech plans to recruit more freshers than lateral hires’

Company is looking for people with new-age skills: Apparao

Second wave of COVID-19 has hit India 'like a tsunami' says Kiran Mazumdar Shaw

“If India is not safe, I can tell you the world is not safe.”

NPA account of Saravana Stores declared as fraud: Indian Bank

Indian Bank on Wednesday said it had declared the NPA account of Saravana Stores with an outstanding balance of ₹231 crore as ‘fraud’.“We have to

CCI orders probe against Tata Motors

The Competition Commission of India (CCI) has ordered a detailed probe against Tata Motors for alleged abuse of dominant position with respect to

Tata Steel is back in black, nets ₹7,162 cr.

Tata Steel on Wednesday posted a consolidated net profit of ₹7,161.91 crore for the quarter ended March, mainly on account of higher income. The

Textile exports fell 13% in FY21 on COVID-19 impact

‘Ready-made garments declined 20.78%’

Air passenger traffic slid 29% in April: ICRA

‘Passenger numbers back at Oct. level’

Facing chips shortage, Biden may shelve blunt tool used in COVID fight

The official said the administration is pushing chips usersand producers to increase transparency by improving the capacityto forecast demand and generating better information on howchips are moving through supply chains to end users

SpiceJet's freighter arm airlifts 3,100 oxygen concentrators from Beijing

Budget carrier SpiceJet's freighter arm on Wednesday airlifted 3,100 oxygen concentrators from Beijing.The airline used its B767 and A330 wide-body

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