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

Citibank tells Indian retail customers it's ‘business as usual’

Special Correspondent As part of this strategy the financial services company plans to exit the credit card, retail accounts and mortgage (home loan) business in India

Union Minister of Finance and Corporate Affairs Nirmala Sitharaman during a special session of Merchants' Chamber of Commerce and Industry, in Kolkata on April 20, 2021.

Need complete trust between industry, govt to sustain growth amid COVID-19 situation: Nirmala Sitharaman

PTI “During this ongoing second wave, look at the steps which we have taken. Revival will continue to happen,” said Finance Minister Nirmala Sitharaman

Image for representation purpose only. File

Closure of economic activity will lead to permanent closure of businesses, job losses: RAI

PTI “Shutting down non-essential or non-food retail and malls is not the solution,” says RAI CEO Kumar Rajagopalan.

Over 50% of adults don’t know how to protect themselves from cybercrime: survey

Special Correspondent The findings come in the backdrop of 59% of adults in India becoming victims of cybercrime in the past 12 months.

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Customs duty waive off on Remdesivir will further augment domestic availability: Sadananda Gowda

Hero MotoCorp to temporarily shut down manufacturing operations due to rising cases

DBS, others mull bids for Citi’s business

Government withdraws customs duty on imports of Remdesivir

Citibank tells Indian retail customers it's ‘business as usual’

Need complete trust between industry, govt to sustain growth amid COVID-19 situation: Nirmala Sitharaman

Bharat Biotech ramps up Covaxin production capacity to 700 mn doses per annum

The capacity was earlier pegged at 200 million doses a year.

Serum hails financial aid from govt to ramp up Covid-19 vaccine production

Sources said the finance ministry has relaxed rules to allow advance payment without bank guarantee to help the vaccine makers ramp up production.

Twitter to expand engineering team in India

The microblogging platform said it planned to ramp up its team across engineering, product, research and design, while also announcing the appointment of Apurva Dalal as Director of Engineering.

Closure of economic activity will lead to permanent closure of businesses, job losses: RAI

“Shutting down non-essential or non-food retail and malls is not the solution,” says RAI CEO Kumar Rajagopalan.

HCL Tech wins order from UD Trucks

HCL Technologies on Monday said it had signed a multi-million dollar digital transformation and hybrid cloud contract with Japanese commercial vehicle

Sugar demand falters in peak season due to virus curbs

‘Prices fell 0.8% in 2019-20 because of lockdowns’

Auto firms fear impact of COVID-19 on sales

‘Cases, buyer sentiment hit order flow’

‘Recovery in fuel demand may be hit’

Diesel, petrol, jet fuel and LPG demand all declined in the first half of April from a month earlier and the trend is likely to worsen in the second half with more states imposing restrictions.

Over 50% of adults don’t know how to protect themselves from cybercrime: survey

The findings come in the backdrop of 59% of adults in India becoming victims of cybercrime in the past 12 months.

L&T completes 75 years of construction, mining machinery business

The business has supplied over 60,000 units of various equipment in the country

52% Indian adults don’t know how to protect themselves from cybercrime: survey

As per the research 7 in 10 Indian adults (70%) believe that remote work has made it much easier for hackers and cybercriminals to take advantage of people

Toyota to review climate stance as investors turn up the heat

The car maker came under scrutiny after siding with the Trump administration in 2019 in a bid to bar the state of California from setting its own fuel efficiency rules.

India's electric vehicles face practical, technical hurdles

EVs are a rarity in India, where more than 300 million vehicles, most of them scooters and three-wheel motorized rickshaws, jam the highways

India may build new coal plants due to low cost despite climate change

Coal's contribution to electricity generation in India fell for the second straight year in 2020.

Is compensation received for land acquired by govt. taxable?

TDS deducted by your client is different from your tax liability.

Are you an investor doing fundamental analysis?

It is generally argued that a trader has a short-term outlook whereas an investor has a long-term outlook.

Reap more than you sow

Interest rates on guaranteed return products are better than those on fixed deposits

India to become No 1 EV maker in world: Nitin Gadkari

The government wants to encourage automakers to introduce flex-fuel engines in India and he is in the final discussion with manufacturers, says the Union Minister

Covid-19 | AirAsia India not to charge any fee for changes made on tickets booked till May 15

It has announced the offer to give passengers flexibility amid "increased uncertainty and travel restrictions".

Irdai imposes ₹51 lakh penalty on four insurers

Group of firms includes SBI General Insurance Company that has been fined ₹25 lakh.

COVID-19 hits passenger vehicle exports; shipments tumble 39 % in FY21

Industry tried its best to catch up in the second half of the fiscal.

The Hindu Explains | How will the U.S. Supreme Court verdict in the Oracle vs. Google case affect the software industry?

What is fair use? How did the court decide that Google’s action came under the ambit of fair use?

SpiceJet eases free change norm to 5 days

SpiceJet on Saturday said passengers will not be charged any fee for changing the date or time on their tickets at least five days prior to the date

PLI scheme for ACs, LED lights to exclude ‘mere assembly’

DPIIT’s norms prioritise production of basic components

HDFC Bank posts 16% rise in Q4 net profit at ₹8,434 crore

The private sector lender had registered a net profit of ₹7,280 crore in the corresponding quarter a year ago.

‘Pharma exports grew 18.7% in FY21’

Pharmexcil says best performance of $24.4 bn came amid global contraction

Coronavirus | Bharat Biotech to make 6 crore Covaxin doses by July

3 more facilities to produce Covaxin.

Mindtree net up 54%, to pay ₹17.5 dividend

Its dollar revenue grew 5.2% QoQ `Well positioned to deliver double-digit growth’

Major destinations for sugar exports are Indonesia, Afghanistan

Major destinations for sugar exports from India this season (October 2020 to September 2021) are Indonesia and Afghanistan, according to the Indian

Quess to buy ₹208-crore stake in Conneqt

Quess Corp, a business services platform, said it will acquire the residual 30% equity stake in Conneqt Business Solutions from Tata Sons for ₹208

Higher rural demand to spur growth: Usha International

Firm to strengthen portfolio to facilitate higher rural share

DoT gets ₹2,306.97 cr, from Jio, Airtel by assigning some spectrum early

The Department of Telecom (DoT) on Friday said it has completed the assignment of frequencies to successful bidders in the recently-concluded spectrum

Quess Corp to acquire remaining 30% stake in Conneqt from Tata Sons for ₹208 crore

Quess had acquired 51% of Conneqt in November 2017 and further increased its stake in Conneqt from 51% to 70% in May 2019 via infusion of primary capital.

Turkey bans use of cryptocurrencies for payments, sends Bitcoin down

Turkey's central bank bannedthe use of cryptocurrencies and crypto assets to purchase goodsand services, citing "irrepairable" possible damages and

Coronavirus | Haffkine Bio-Pharma targets 22.8 crore Covaxin vials a year

It will be at least a year before the company begins actual production.

Ashok Leyland delivers first lot of light bullet proof vehicles to Indian Air Force

Developed using ‘transfer of technology’ from Lockheed Martin, the vehicles are completely made in India.

Transporters' body terms 16 paisa cut in petrol, diesel rates 'ostentatious', seeks more reduction

Transporters' body AIMTC on Friday termed the recent 14-16 paise per litre cut in petrol and diesel prices across major cities as "ostentatious", and

Maruti Suzuki hikes model prices by up to ₹ 22,500 to offset rise in input costs

The new prices are effective from Friday, MSI said.

Citi to exit retail banking in India, China

Citigroup announced it will exit 13 international consumer banking markets, shifting its focus to wealth management and away from retail banking in

Coronavirus | Mumbai-based Haffkine gets Centre’s nod to produce Covaxin

Haffkine Biopharma Corporation, Mumbai, has received permission from the Union government to manufacture Covaxin, an anti-coronavirus vaccine of

Flipkart to acquire online travel firm Cleartrip

Post acquisition, Cleartrip would continue to operate as a separate brand and would also retain all its employees

Amazon announces $250 million fund for SMEs

The company will help build brand new businesses.

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