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

Photo used for representational purpose only. File

Third wave of COVID-19 has airlines industry looking at ₹20,000 crore net loss

PTI Domestic air traffic has already plummeted 25% in the first week of January

3hrs

A view of HDFC Bank in Kolkata. File

HDFC Bank net rises 18% on non-interest income

PTI Dip in provisioning for bad loans helps

In a series of tweets, Road Transport and Highways Minister Nitin Gadkari had said his ministry had already mandated the implementation of fitment of the driver airbag with effect from July 1, 2019 and front co-passenger airbag with effect from January 1, 2022. File image.

Minimum 6 airbags to be made mandatory in vehicles carrying up to 8 passengers from October: MoRTH

PTI To minimise the impact of frontal and lateral collisions on the occupants seated in both front and rear compartments, it has been decided that 4 additional airbags be mandated in the M1 vehicle category.

Last month, the company had stated that it has been forced to hike prices due to the increase in cost of essential commodities. Representational file image.

Maruti Suzuki hikes vehicle prices by up to 4.3% to offset rise in input costs

PTI The auto major has already hiked the vehicle prices three times last year.

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Third wave of COVID-19 has airlines industry looking at ₹20,000 crore net loss

Blisswater plans market expansion

Start-up Fipola to double retail presence

PLI: RIL unit, 9 others bid for battery storage

Explained | Has the process to measure TRPs improved?

Tech sector got COVID-19 ‘windfall’ of $100 billion: HFS Research

HDFC Bank net rises 18% on non-interest income

Dip in provisioning for bad loans helps

AGS Transact Tech unveils ₹ 680 crore IPO

AGS Transact Technologies Ltd, a payment solutions provider, has announced plans to open its ₹ 680 crore Initial Public Offering (IPO) on January 19,

Minimum 6 airbags to be made mandatory in vehicles carrying up to 8 passengers from October: MoRTH

To minimise the impact of frontal and lateral collisions on the occupants seated in both front and rear compartments, it has been decided that 4 additional airbags be mandated in the M1 vehicle category.

Maruti Suzuki hikes vehicle prices by up to 4.3% to offset rise in input costs

The auto major has already hiked the vehicle prices three times last year.

Probe panel finds Coal India subsidiary guilty of illegal mining in Assam

North Eastern Coalfields extracted coal worth ₹4,872 crore without obtaining mining rights, the Justice B.P. Katakey panel report said.

Hero MotoCorp expands operations in El Salvador

There has been a growing demand among customers in the country for the company’s products, says Head of Global Business

JSW Infra raises $400 million though SLB issue

The proceeds of this issue will be used to repay the existing debt of the company and its subsidiaries

Microsoft opens harassment investigation sought by investors

Nearly 78% of shareholders at the company's annual meeting voted to demand more accountability in addressing workplace sexual harassment complaints

Fast growing credit demand in Q3 indicates revival of pvt capex cycle: Report

Credit growth, which has been lagging deposits for years, turned buoyant in the third quarter of this fiscal by a wide margin at ₹3.5 lakh crore as

Truecaller acquires CallHero for $4.5 million

Sweden-headquartered Truecaller on Thursday said it has entered into an agreement to acquire the Israeli company CallHero that helps users verify and

Mindtree Q3 net rises 34% to ₹438 crore

IT major to tap tier 2, 3 cities

Tata Motors Q3 global sales rises 2%

Tata Motors Group global wholesales in Q3 FY22, including that of Jaguar Land Rover, stood at 2,85,445 units higher by 2% compared with Q3 FY21, Tata

Delivery executive’s death | Wife to be provided job, insurance and other support, says Zomato CEO

“We are deeply aggrieved by the death of our delivery partner Salil Tripathi in an unfortunate road incident. We are extending all possible support to help the family get through this,” the Zomato CEO said

Tesla working through a lot of challenges with Indian government: Elon Musk

Last year, Tesla had sought a reduction in import duties on electric vehicles in India

India, U.K. launch negotiations for ambitious FTA

Both sides will hold deliberations over an array of trade opportunities of mutual interest, benefiting India and the U.K.

Korean steel maker POSCO joins hands with Adani

The two companies forged a $5 billion partnership to explore setting up a greenfield integrated steel mill and other businesses in Gujarat’s Mundra.

Ashok Leyland Aidrivers ink MoU on autonomous vehicles

Aidrivers, a global specialist in AI-enabled autonomous solutions across industrial mobility and commercial vehicle manufacturer Ashok Leyland have

TCS to buy back shares for ₹18,000-cr.

The buyback is proposed to be made on a proportionate basis under the tender offer route, the company said in a filing.

Mercedes to unveil 10 new models in India in 2022

Unit to start local production of EQS, says MD Schwenk

‘Vodafone Idea, Tata Tele not to become PSUs’

Govt. not to become a board member

Wipro Q3 net flat at ₹2,969 cr.

Gross revenue rises 29.6% to ₹20,313 cr., attrition at 23%

TCS Q3 net profit rises 12.3% on clients’ long-term investments

Board approves buy-back at ₹4,500 a share, recommends ₹7 interim dividend

Infosys Q3 profit rises 12%, raises revenue guidance

Revenue increases 23% to ₹31,867 cr., attrition at 26%

Govt doesn't want to run Vodafone Idea; existing promoters to manage operations: CEO

The statement comes after Vodafone Idea’s shares crashed follwoing its decision of converting about ₹16,000 crore interest dues liability payable to the government into equity

De Beers to focus on South India as demand for diamond increases in the region

Expecting to grow in double digits in 2022 given the pent-up demand, says De Beers India managing director Sachin Jain

The Government bailout of Vodafone Idea

What changes have been approved for Vodafone Idea? How much of a role will the Government play in the functioning of the telecom operator?

Sresta Natural Bioproducts files draft papers for IPO

The company is in the business of procuring, processing, manufacturing, marketing and research and development of organic food products.

IMF names UC-Berkeley’s Pierre-Olivier Gourinchas as next chief economist

As Economic Counsellor, Pierre-Olivier Gourinchas will serve as director of the IMF’s Research Department

This decade will see India leading global economic growth: Chandrasekaran of Tata Sons

Pandemic taught us a lesson about sustainability, environment protection

Court dismisses SpiceJet’s appeal against order to wind up

The Madras High Court however, extended the interim stay granted till Jan 28, to allow the airline to prefer a further appeal in the Supreme Court

Vodafone Idea shares crack 19% after board offers 35.8% stake to governemnt

If the plan goes through, then the government will become the biggest shareholder in VIL

Vodafone Idea board approves 35.8% equity allotment to govt.

Move as per scheme offered by DoT for settlement of dues.

Adani Power, GUVNL settle dispute over power purchase agreement

Adani group decides to waive ₹12,000 crore compensation

Suit against Fortis claims $6 billion in damages

Fortis Healthcare said a U.S.-based entity has filed a suit against it and others, including IHH Healthcare Berhad, for alleged “copyright

KVB customers can pay customs duty online

Private sector lender Karur Vysya Bank Ltd.’s customers can now remit customs duty payment electronically by selecting the bank’s link in ‘ICEGATE’

L&T unit bags significant order from NHSRCL

Larsen & Toubro (L&T) on said its construction arm has bagged a ‘significant’ order from National High Speed Rail Corporation Ltd. (NHSRCL).

Ucal Fuel closes ‘unviable’ plant in Puducherry

‘Products have become obsolete’

Third wave set to delay multiplex recovery: Crisil

‘Big ticket movie releases postponed indefinitely’

Indian IT firms to log 20-30% growth in 2022: analysts

‘Digital transformation to power deals’

U.K. Secretary of State for International Trade to launch FTA talks in Delhi on January 12

The schedule for the 2-day visit to India will include bilateral talks between Anne-Marie Trevelyan and Commerce and Industry Minister Piyush Goyal, the Department for International Trade said.

Vistara fleet comprises 50 aircraft; 12 planes added in last 21 months

Vistara fleet comprises Airbus A320, A320neo, A321neo, Boeing 737 and B787 planes

Two lakh more got jobs in 9 sectors in July-Sept. last year

Report, released by Labour Minister, covers manufacturing, construction, trade, transport, education, health, accommodation and restaurants, IT/BPOs and financial services

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Dev Raturi with his family in Xian, China. Photo: Special arrangement

36K | An Indian’s tale of Xian’s lockdown makes headlines in China

Pandit Birju Maharaj

15K | Birju Maharaj, legendary Kathak dancer, dies at 83

Photo used for representational purpose only. Covid 19 vaccination drive underway for students at a government school in Jahangirpuri.

11K | No justification now for keeping schools closed in view of COVID-19: World Bank Education Director

India has stated that the WTO dispute panel’s findings are completely “unacceptable” to it. File

8K | Explained | Why is India challenging WTO verdict on sugar?

7K | Friend in need: On India-Sri Lanka ties

Xenotransplantation might be the future of organ transplants. Photo: University of Maryland School of Medicine via Reuters

7K | Explained | Will the pig-to-human heart operation lead to a new approach to organ transplantation?

Yati Narsighnanad, alias Deepak Tyagi, the head priest at Dasna temple in Ghaziabad. Photo: Special Arrangement

6K | Haridwar hate speech | Yati Narsinghanand arrested in two separate cases

Photo used for representational purpose only.

6K | Covaxin booster increases neutralising antibodies, study finds

6K | S. Somanath | At the helm of India’s space research