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

IT offshoring rises as large, multi-year deals spur trend

Mini Tejaswi ‘Higher offshoring helps raise margins’

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In lockstep: There are areas where other regulators also have to take a more proactive role, says a SEBI member.

SEBI urges peers to rethink bond market curbs

Vikas Dhoot Markets watchdog calls on RBI, IRDAI, PFRDA to relax investment restrictions to help ease financing for infrastructure

2hrs

File photo shows people wearing face masks sit outside a Walmart store in Washington.

Walmart, Disney announce new COVID-19 steps amid Delta surge

AFP The moves come as U.S. officials redouble efforts to encourage more vaccinations in response to the highly contagious Delta variant of COVID-19.

File photo of Rakesh Jhunjhunwala.

Rakesh Jhunjhunwala’s new airline may give Boeing a chance to regain lost ground

Reuters Mr. Jhunjhunwala’s Akasa Air comes at a time when aviation industry is reeling from the impact of the pandemic

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SEBI urges peers to rethink bond market curbs

IT offshoring rises as large, multi-year deals spur trend

Housing unit sales plunge 58% Q-o-Q due to 2nd wave impact says PropEquity

Walmart, Disney announce new COVID-19 steps amid Delta surge

Rakesh Jhunjhunwala’s new airline may give Boeing a chance to regain lost ground

Wheels India turns profit of ₹10.13-crore

Tata Motors to invest ₹28,900 crore in FY22, says Chandrasekaran

‘In time, EVs to contribute 25% of sales’

MSMEs most in need of policy attention: Kumar

‘Sector’s earnings impacted by 50%’

IndiGo signs pact to explore potential of using sustainable aviation fuel in aircraft

The carrier is yet to reveal the details of the fue provider.

Toyota to increase price of Innova by 2% from August

This increase was necessitated to partially offset the substantial increase in input costs

‘Upturn V-shaped but small firms, urban poor hit harder’

Inflation to dip below 6% soon, but stay in 5-6% range: CEA

U.S. FDA approves Biocon’s insulin Semglee

Biocon Biologics and Viatris Inc said the U.S. Food and Drug Administration (FDA) had approved Semglee®, a long-acting insulin injection, as the first

‘Kia tops poll for dealer satisfaction with OEMs’

Business viability, a key aspect: FADA

TVS Motor earmarks ₹1,000 crore for EVs

‘Manufacturing under separate vertical’

Significant data on nasal vaccine likely in 2.5 months: Bharat Biotech founder Krishna Ella

Clinical trial to pair Covaxin, nasal vaccine doses on cards, Mr. Ella says.

ArcelorMittal posts $4,005 million net income in Apr-Jun qtr

Global steel giant ArcelorMittal on Thursday posted a net income of $4,005 million for the second quarter ended June 30, 2021.“The world's largest

India's gold demand up 19 % in Apr-Jun qtr at 76 tonne: WGC

India's gold demand increased by 19.2% to 76.1 tonne during the April-June quarter this year, largely due to low base effect, owing to the nationwide

Tata Sons subsidiary to acquire 43.3% stake in Tejas Networks for ₹ 1,850 crore

Tejas Networks on Thursday said an arm of Tata Sons will acquire controlling stake in it for nearly ₹1,890 crore in a multi-step deal.

Cognizant Q2 net income up 41.8% to $512 million; to hire 1 lakh people this year

Cognizant has reported 41.8% increase in June quarter net income at $512 million (around ₹3,801.7 crore), and said it expects to hire about one lakh

Facebook doubles profit, but sees cooling growth

The number of people using the social network monthly climbed to 2.9 billion.

Sundaram Home Fin plans to raise ₹2,500 cr.

Firm’s Q1 net rises 18% to ₹40 crore

Maruti Suzuki posts Q1 net profit of ₹440.8 crore

Lower sales volume impacts carmaker

Tyagi laments lack of disclosures by listed firms

‘IPOs more an exit option for investors’

‘Deposits up to ₹5 lakh in ailing banks to be repaid in 90 days’

Cabinet approves deposit insurance law amendments on lenders in moratorium

AI firm Blaize raises $71 million

Artificial Intelligence computing firm Blaize has raised $71 million from new and existing investors. The firm intends to utilise the Series D

Google parent Alphabet reaches record quarterly revenue, profit in ad boom

Shares of Alphabet rose 5% in extended trading as it reported results that were a beat in financial metrics

Tech firm Clover Infotech to hire 2000 freshers in FY22

Clover Infotech, an IT services and digital transformation provider, said it would hire 2000 freshers this year.The company would hire some 1000

Ola expands ESOP pool to ₹3,000 crore; adds stocks worth ₹400 crore

Ola, a mobility platform, on Wednesday, expanded its ESOP (employee stock option plan) pool to ₹3,000 crore, by allocating additional stocks worth

Strong growth in India, Latin America helps Apple log record $ 81.4 billion revenue in June quarter

In the past too, Apple has highlighted that it sees growth opportunities in the Indian market.

Rolex Rings IPO fully subscribed within hours of opening

Auto components maker Rolex Rings initial public offer was fully subscribed within hours of opening on Wednesday. The IPO received bids for 63,47,712

Canara Bank Q1 net profit triples to ₹1,177 cr.

‘Fall in bad loans helped boost profit’

IndiGo net loss widens on fuel, COVID impact

‘May, June revenues lower than April’s’

Flipkart goes to SC in CCI probe matter

The firms had denied the allegations and wanted the probe quashed.

Dr. Reddy’s Q1 net slides 36% on impairment charge

Drugmaker sets aside ₹193 crore after losing U. S. arbitration case.

L&T Q1 profit zooms to ₹1,531 crore on higher income

‘New orders grow 13%; external demand strengthening’

Indian airports report loss of ₹70 billion in FY2020: aviation consultancy

Of the total losses, the Airports Authority of India (AAI) accounted for 69% losses and the remainder belonged to airports under public- private partnership

Reliance Digital’s electronics sale to go live on July 26

Reliance Digital said, all stores and delivery partners are strictly following Covid-safety measures in the interest of the safety of customers and employees

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

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

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

Retail loan book drags, NPA ratio rises

IndusInd Bank to raise up to ₹30,000 crore

The funds would be raised on a private placement basis.

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

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.

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

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

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

Incremental output from KG D6 block helps double Oil & Gas business revenue

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

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