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

Riding change: Unprecedented technology transformation is shaping the next normal, says Nilekani.

‘Infosys set for another year of market-leading performance’

Special Correspondent Nilekani tells shareholders firm well positioned to leverage cloud-first, digital era

AWS to leverage cloud to expand in India: Dhawan

Yuthika Bhargava Eyes ‘huge’ opportunities in financial services, media

Kanishka Arumugam. Special Arrangement.

Ekki to begin production of Homa products in 6 months

Special Correspondent Water technologies provider Ekki Group said it plans to commence assembly of German joint venture partner Homa’s products at its Coimbatore facility in the next six months.The company, which had been selling imported Homa products in India since the JV was set up in 2018, had set up an assembly-test-and-paint unit in Coimbatore. “We had tested the products at more than 100 locations in the last year and have had overwhelming results. We hope to start assembling Homa products in the facility in

Digital activity surge may not boost emissions: Schneider

Special Correspondent Report ‘puts to rest’ speculation of tech use guzzling power

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Digital activity surge may not boost emissions: Schneider

Grocery an opp to connect with another 200-300 mn people in India: Flipkart

Ekki to begin production of Homa products in 6 months

UCO Bank may raise up to ₹500 crore

AWS to leverage cloud to expand in India: Dhawan

‘Infosys set for another year of market-leading performance’

OWO is our largest redevelopment, it is the group’s commitment to Britain

‘London’s Old War Office complex will have residences, a hotel, restaurants, a spa’

Jio added 79 lakh users in March: TRAI

Telecom operator Reliance Jio gained more than 79 lakh mobile users in March, surpassing the combined net adds by rivals Bharti Airtel and Vodafone

Paytm seeks shareholder approval for $1.6 bln sale of new stock

Aims to raise $3 bn in ‘biggest-ever’ IPO

Hyundai Motor unveils Alcazar SUV

South Korean carmaker Hyundai Motor India Ltd. (HMIL) forayed into the premium 6/7 seater sport utility vehicle (SUV) segment with the introduction of

Wipro to raise junior staff pay from September 1

IT services major Wipro said it will give wage hikes to junior employees with effect from September 1. “Wipro Limited will initiate merit salary

S&P revises ICICI Bank outlook to stable

Cites stake sale in arms, better earnings

‘Q2 manufacturing expectations drop’

RBI’s June Industrial Outlook Survey points to adverse economic conditions: Bhide in MPC’s minutes

₹17,777 crore returned in 6 shut schemes

Franklin Templeton Mutual Fund (MF) on Thursday said it had returned ₹17,777 crore to unit holders of six shuttered debt schemes till June 15.This

Wipro IT to issue $750-mn dollar notes

Wipro said its step-down subsidiary, Wipro IT Services, will issue U.S. dollar-denominated notes worth $750 million on June 23.The net proceeds of the

CII urges ₹3-lakh crore stimulus

Industry group pushes for cash transfers, fuel tax cut to help revive demand

Tube Investments Q4 profit surges 74% as sales improve

Board declares final dividend of ₹1.50 per share

Sugar season likely to end with lesser stocks

Exports may touch 70 lakh tonnes: ISMA

Indian IT is on track to hit $300-350 billion revenues by 2025, says Nasscom

Sector continues to be a net creator of jobs.

Centre proposes changes in law to include hydrogen in mineral oil

Petroleum Ministry invites comments from stakeholders

T-Hub rolls out next batch of accelerator for startups

Under T-Angel, qualified startups stand to get upto Rs.50 lakh from angel investors.

Govt extends validity of motor vehicle documents till Sept 30

The government on Thursday extended the validity of motor vehicle documents like driving licence (DL), registration certificate (RC) and permits till

Google announces ₹ 113-crore grant to set up 80 oxygen plants, upskill rural health workers in India

The company is broadening its COVID-19 support efforts to help strengthen India's healthcare infrastructure and workforce.

NCLT doubts Videocon plan confidentiality

NCLT has raised doubts over ‘confidentiality’ of the liquidation valuation of assets of Videocon Industries and 12 group firms during the insolvency

Power use grows 9.3% in June first half

Power consumption in India grew by 9.3% in the first half of June to 55.86 billion units (BU), indicating a slow recovery in commercial and industrial

‘Youngest, oldest lost jobs in 2nd wave’

When it comes to losing a job permanently, the youngest and the oldest segments in the workforce have reported an increase in setbacks in the second

Deal pricing in line with practice, law: PNB HF

‘Price higher than valuers’ floor price’

Automation to cull 3-mn IT jobs by 2022: report

‘Firms set to reap $100 bn in savings’

Adani stocks extend losses for a third session

Group had rejected report on funds

Fuel demand revives in June over May

India’s fuel demand rebounded in the first half of June as easing of lockdowns helped sales but the consumption was still lower compared to last

‘India to have 330 mn 5G connections by 2026’

4G count to touch 830 mn: Ericsson

India may have 330 mn 5G subscribers by 2026, data usage to reach 40 GB per smartphone: Report

Ericsson mobility report said the number of smartphone subscriptions was 810 million in 2020.

India's exports up 46% to $14 billion during June 1-14

Imports too rose by 98.33% to $19.59 billion during the period

200 IBC pleas filed since Mar. 24: IBBI

About 200 applications for resolution of stressed assets have been filed under the insolvency law since the suspension of fresh proceedings ended on

Canara Bank to buy 12% stake in bad bank

Canara Bank said it will be the lead sponsor of National Asset Reconstruction Company Ltd. (NARCL), or bad bank, with a 12% stake in the entity. Bad

Govt., Infosys to sort out I-T portal glitches

Top Finance Ministry officials, while acknowledging that the new income tax filing portal has been ‘fraught with several technical glitches/issues

Max Life FY21 death claims surge 33%

Max Life Insurance has paid 19,922 death claims worth ₹885.57 crore during the financial year 2020-21

RBI restrains DHFL from taking deposits

Move precedes nod for Piramal buyout

U.S. arbitrator tells DRL unit to pay $46.25 mn

Ruling backs Australia’s Hatchtech Pty

PNB Housing Fin deal under RBI, SEBI lens

The Reserve Bank of India (RBI) as well as SEBI will look into various regulatory issues related to the proposed ₹4,000 crore-investment by U.S.-based

Cement offtake drops 25% in April-June: ICRA

‘Pent-up demand to drive sales in Q2’

Coal India Q4 profit drops 1% on lower sales

State-owned Coal India on Monday reported a marginal 1.1% decline in its consolidated profit to ₹4,586.78 crore for the quarter ended March 2021 on

SEBI penalises officials of FTAMC

A fine of ₹3 crore has been levied on Franklin Templeton Trustee Services Pvt. Ltd.

IOB net surges twofold to ₹350 cr. as income rises

Bank to focus on recovery, says MD

Adani group calls reports of freezing of investors’ accounts erroneous

Shares of Adani group companies plunged on Monday after reports that the National Securities Depository Ltd (NSDL) froze the accounts of the three foreign funds that are among the top stakeholders in the firms.

Uber Connect expands reach to 26 cities in India

Doubles number of two-wheelers for delivery of essentials.

USFDA nod for Natco Pharma’s anti-cancer generic drug

While the 10mg and 60mg strengths, of the product, have received final approval from the regulator, the 30mg strength has got a tentative approval.

SEBI tweaks delisting rules to make process transparent, efficient

This comes after the board of SEBI approved several amendments to delisting norms in March to make the process more transparent and efficient.

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