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

An oil refinery of Essar Oil , which runs India's second biggest private sector refinery, is pictured in Vadinar in the western state of Gujarat, India, October 4, 2016.

OPEC's share of Indian oil imports falls to lowest in at least 15 yrs

Reuters India's crude imports rebounded 3.9% to 4.2 million barrels per day (bpd) in 2021, the data showed, but remained below pre-pandemic levels in 2019

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Natco, 9 others chosen to supply COVID-19 drug

Special Correspondent UN-backed MPP signs sublicence pacts

Challenging times: HUL urged the government to continue support measures as rural demand had lulled.

HUL Q3 net rises 17% to ₹2,243 cr.

Special Correspondent High inflation, raw material prices may pressure margins in near term, says CMD

London-headquartered Vedanta Resources has grown its annual revenue from $1 million to over $15 billion in the past decade. File

‘Vedanta mulls $10-bn fund to bid for BPCL, other assets’

Reuters Money will never be a problem, says chairman Agarwal

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Customer spending across sectors, regions remains robust: LTI’s Sanjay Jalona

Ban on regular international flights extended till Feb. 28

Air India cancels U.S. flights for second day

Mills call for lifting import duty on cotton

Chola floats 3 loan units, partners fintech firms

Tata Motors rolls out CNG-fuelled Tiago, Tigor

BharatPe MD Ashneer Grover takes voluntary leave till March-end

Grover was recently embroiled in a controversy over purportedly using abusive language against Kotak Mahindra Bank staff

Symphony Technology Group rebrands McAfee, FireEye combine as Trellix

Symphony Technology Group (STG), a California-based private equity firm, has merged two of its recent acquisitions, McAfee Enterprise and FireEye and

Reliance Jio topples BSNL as largest fixed line broadband provider

Jio started commercial roll out of fixed line broadband service, JioFibre, in September 2019

Lupin ties up with China’s Fancoo Pharma

“Lupin is committed to serving the healthcare needs of the Chinese population by providing high quality products”

Nazara to acquire majority stake in Datawrkz

It will acquire a 33% stake in the first tranche by April 2022.

Reliance Jio prepays ₹30,791 crore towards spectrum acquisition dues

RJIL had executed the first tranche of prepayment in the month of October 2021 pertaining to spectrum acquired in the auction in 2016

AT&T, Verizon to delay launch of 5G services after airlines raise alarm

Airlines want the new service to be banned within two miles of airport runways

OPEC sees well supported oil market in 2022, despite Omicron

OPEC on Tuesday stuck to its forecast for robust growth in world oil demand in 2022 despite the Omicron coronavirus variant and expected interest-rate

‘Cyberattacks surge as COVID spurs digital push’

Ransomware incidents rose 151%: WEF

Twin Star goes to SC over its Videocon bid

Vedanta Chairman Anil Agarwal-promoted Twin Star Technologies has moved the Supreme Court challenging the NCLAT’s order that set aside its

‘Chunk of workforce for shifting jobs’

Notwithstanding the pandemic, India’s workforce is optimistic about the future of work, and a significant percentage of professionals are considering

Reliance Retail buys 54% in Addverb Tech

Reliance Retail has acquired a 54% stake in domestic robotics company Addverb for $132 million (about ₹983 crore), a senior official of the robotic

Centre invites applications for IRDAI post

Insurance regulator without a Chairman for over eight months now

Third wave to dent Housing Finance Companies' asset growth by 200 bps

Crisil sees more organic consolidation

‘Two-pronged strategy to bolster CG Power’

‘Focus on legacy, risk management’

Vikram Dev Dutt to head Air India

The appointment comes at a time the government is in the final stages of handing over the airline to Tata Sons

Interview | Akasa Air: Will get first aircraft in April, flights from May or June, says founder

The country’s newest airline will acquire 18 aircraft in the first year and focus on domestic routes, before launching international flights, says Managing Director and Chief Executive Officer Vinay Dube.

DoT amends telecom licences to enable machine-to-machine communications

The DoT has also added a clause for provisioning of audiotex or interactive voice response service (IVRS) as part of telecom licence

Uncertainty delays jobs recovery: ILO

The global job market will take longer to recover than previously thought, with unemployment levels set to remain above pre-COVID-19 levels until at

‘Axis closing in on Citi India’s consumer unit’

Axis Bank has emerged as the front runner to buy Citi’s consumer business in India, which is being valued at about $1.5 billion in a planned deal

SEBI mulls ‘alternate dispute resolution’ tool

‘Aim is to help empower investors’

M&M unveils scheme for BS 6 CVs

Mahindra’s Truck and Bus Division (MTB), part of the Mahindra Group, has announced ‘Get More Mileage or Give Truck Back’ guarantee plan for its BS 6

FADA urges GST cut for two-wheelers, used cars

‘A two-wheeler is not a luxury item’

China’s economy grows 8.1% to $18 tn

Fastest expansion since 2011 was driven by exports, consumption; slump in birth rate clouds outlook

Business is in the best shape it could ever be: HCL Tech MD

HCL Technologies CEO and MD C. Vijayakumar on Monday said business was in the best shape that it could be and the company is optimistic of a good

‘Omicron more of a flash flood than a wave, lifting prospects’

Overall economic activity strong, RBI officials say in bulletin

UltraTech Q3 profit rises 8% to ₹1,708 cr.

UltraTech Cement Ltd. reported consolidated net profit rose 8% year-on-year (YoY) to ₹1,708 crore for the third quarter ended December 2021.The profit

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

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

Oxfam report says over 16 crore more people forced into poverty in two years of pandemic

Study showed that the pandemic has set gender parity back from 99 years to now 135 years, with women collectively losing $800 billion in earnings

Blisswater plans market expansion

Blisswater Industries Private Ltd which is into Alcobev segment has chalked out plans for expanding its market in India and abroad, its CEO said. “In

Start-up Fipola to double retail presence

Fipola Retail India, an omni-channel meat Direct to Consumer (D2C)) start-up, has announced plans to expand its retail presence in the southern part

PLI: RIL unit, 9 others bid for battery storage

RIL subsidiary Reliance New Energy Solar, Hyundai Global Motors, Ola Electric, Mahindra & Mahindra and Larsen & Toubro are among the 10 firms

Explained | Has the process to measure TRPs improved?

After rigging allegations, what steps has the Broadcast Audience Research Council, which releases the ratings, taken?

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

‘Indian firms likely captured over 50%’

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

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India's Permanent Representative to the UN, T.S. Tirumurti speaking at the UNSC, in New York. File

35K | Recognise ‘Hinduphobia’ and violence against Buddhists, Sikhs too: Indian envoy to U.N.

Two IndiGo aircraft came close to colliding with each other mid-air while taking off from Kempegowda International Airport on January 7. File

27K | Mid-air collision between two aircraft averted at Kempegowda International Airport on January 7

The bank took over the possession of the store for non-payment of dues, under provisions of The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act

21K | Indian Bank takes over Saravana Stores (Gold Palace) in T. Nagar for non-payment of dues

In 2021, the DoPT directed West Bengal Chief Secretary Alapan Bandyopadhyay to report to its office hours after Bengal Chief Minister Mamata Banerjee allegedly skipped a review meeting on Cyclone Yaas with Prime Minister Narendra Modi. File

18K | States weigh options on IAS cadre rule changes

Air India operates flights to New York, Newark, Chicago, Washington DC and San Francisco.

15K | Air India to reschedule U.S. flights over 5G concerns

A view of Supreme Court in New Delhi. File photo

13K | Supreme Court upholds validity of OBC quota in NEET admissions

11K | Pakistani woman sentenced to death for 'blasphemous' WhatsApp status

A still from ‘Ranjish Hi Sahi’

9K | ‘Ranjish Hi Sahi’ review: Amala Paul shines in this recreation of Mahesh Bhatt’s universe

A COVID-19 patient is shifted to the Civil Hospital in Ahmedabad on January 19, 2022.

9K | India’s new COVID-19 cases cross 3-lakh mark on January 19, 2022