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

Revival of Jet Airways | Mumbai Bench of NCLT approves resolution plan of Kalrock Capital and Murari Lal Jalan

Special Correspondent The bid by the consortium of Kalrock Capital and Murari Lal Jalan was approved by the Committee of Creditors in October last year.

KLP divests Adani stake on Myanmar army links

Reuters Nordic fund had put $1 mn in port unit

Spot prices of ginger rhizome touched ₹2,300 a bag (60 kg) in Kerala and Karnataka markets on Tuesday against ₹800 a few weeks ago. File

Scant supply, demand surge boost ginger prices

E.M.Manoj Spot prices touch ₹2,300 a 60-kg bag

Tea garden workers pluck tea leaves inside a tea estate in Jorhat, Assam. File photo

First International Tea Day special auction fetches record prices in Assam

Special Correspondent More than 93% of the total teas on offer got sold to buyers from Assam, Delhi, Gujarat, Rajasthan and West Bengal

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KLP divests Adani stake on Myanmar army links

FM Nirmala Sitharaman asks Infosys to fix all issues on new I-T portal on priority; 5 glitches to be resolved in a week

‘New utility to aid checks for I-T compliance’

‘States’ debt costs rise as yields hit 7%‘

Scant supply, demand surge boost ginger prices

NMDC net, revenue leap on robust ore demand

‘Tying reforms, incentives helped widen adoption’

PM cites States’ extra FY21 borrowings

What's happening with Tesla's $7 billion German 'gigafactory'?

The environmental agency in Brandenburg, the state where the 5.8 billion euro ($6.9 billion) plant is being built, has still not given final approval - meaning a further delay cannot be ruled out, even into 2022.

Kalrock-Jalan cleared to restart Jet

NCLT asks govt. to allot airport slots in 90 days; consortium to repay ₹1,200 crore in dues over 5 years

First International Tea Day special auction fetches record prices in Assam

More than 93% of the total teas on offer got sold to buyers from Assam, Delhi, Gujarat, Rajasthan and West Bengal

SAT overrules SEBI, allows PNB HF’s EGM on Carlyle

Setting aside SEBI’s direction, the Securities Appellate Tribunal (SAT) on Monday allowed PNB Housing Finance to go ahead with the shareholders’

‘Retail to be next growth engine for RIL’

With a potential for a 10x growth in pre-tax profit from the business over the next decade, retail, including e-commerce, will be the next growth

SBI gets board nod to raise ₹14,000 crore

The country’s largest lender SBI said its central board has approved a proposal to raise up to ₹14,000 crore by issuing Basel-III- compliant

Windfall treasury gains added to PSB profits in FY21: ICRA

Rate cuts, liquidity aided trading profits in bond portfolios

KKR to buy $625-million stake in Vini Cosmetics

WestBridge to increase holding

Bharti, Tata partner for 5G network solutions

Telco to begin pilot in January

Vistara urges unified norm for vaccinated airline passengers

Issue raised with Civil Aviation Ministry, says carrier’s CCO

HCL hires sales heads in Korea, Vietnam, Taiwan

Firm aims to accelerate growth in Asia

Siva Industries’ promoters offer is better option: lenders

Promoters tell NCLT: ‘Will clear all dues within 180 days’

Govt. moots proposal to ban ‘flash sales’ on e-commerce sites

We’re receiving complaints against widespread cheating and unfair trade practices, says Ministry

Relax FCRA norms, expand GST sops on COVID-19 imports to prepare for future waves: CII president

T.V. Narendran said the Centre should do whatever it takes to help vaccine producers, including issuing confirmed orders and advance payments, to help inoculate India at a faster pace.

Maruti Suzuki India to hike car prices in July-September quarter amid rise in input costs

In January, the automaker had announced price hike of select models by up to ₹34,000 due to rise in input costs.

ASK US: On investments

Life insurance is an income protection for the dependents of the life assured.

Building the right emergency fund

Liquidity and easy access at all times must be the watchwords while saving money to meet a difficult situation

FIDC seeks liquidity support for NBFCs for on-lending to MSMEs

‘With the changing economic environment and the associated developments, NBFCs, especially, small and medium sized ones, are facing liquidity crunch.’

Air India has time till mid-July to challenge Cairn lawsuit

Cairn has identified $ 70 billion of Indian assets overseas for potential seizure to collect award, which now totals to $ 1.72 billion after including interest and penalty.

Digital activity surge may not boost emissions: Schneider

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

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

Flipkart aims to add 200-300 mn customers through grocery

Ekki to begin production of Homa products in 6 months

Water technologies provider Ekki Group said it plans to commence assembly of German joint venture partner Homa’s products at its Coimbatore facility

UCO Bank may raise up to ₹500 crore

State-owned UCO Bank on Saturday said its board of directors will meet next week to consider raising up to ₹500 crore as tier-II capital. The board

AWS to leverage cloud to expand in India: Dhawan

Eyes ‘huge’ opportunities in financial services, media

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

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

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

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