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

Angry Indian traders counter Amazon summit with own event.

Amazon announces $250 million fund for SMEs

PTI The company will help build brand new businesses.

1hr

All employees of Cleartrip will be retained and work closely with Flipkart. File

Flipkart to acquire Cleartrip

PTI Cleartrip operations will be acquired by Flipkart and Cleartrip will continue to operate as a separate brand, a statement said

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Remembering FCB Ulka’s Anil Kapoor

Rutam Vora The former chairman, who helped transform Ulka, passed away on Sunday

Bharti’s new structure to help focus on digital

Special Correspondent Airtel Digital to fold into parent firm

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Flipkart to acquire Cleartrip

Amazon announces $250 million fund for SMEs

‘Hiring for blue collar jobs resurges’

Bharti’s new structure to help focus on digital

Remembering FCB Ulka’s Anil Kapoor

‘India can be hardware manufacturing hub’

Asus eyes 20% of India’s consumer laptop market

Taiwan firm ‘in talks’ to make in India

Infosys net profit rises 17.5% to ₹5,076 crore in March quarter

Infosys expects FY22 revenue to grow 12-14% in constant currency

Ramping production of Remdesivir to meet demand: Pharma firms

There are seven manufacturers of Remdesivir in the country.

Device after-sales management platform Servify acquires Germany's WebToGo

Servify looking at doubling its team from 410 employees to support growth and expansion.

Maruti Suzuki sells record 1.57 lakh CNG vehicles in FY20-21

This is the country’s largest car maker’s highest-ever S-CNG car sales.

Japan’s Toshiba president steps down amid acquisition talks

Nobuaki Kurumatani will be replaced as chief executive and president by his predecessor, Satoshi Tsunakawa, who remained on the board, first as COO and currently chairman.

Survey shows 59% firms are eyeing raises

As the economy moves to a recovery path after a sharp decline last year, a study has shown that 59% of companies in India intend to give salary

Sops will help raise vaccine output: FICCI

There is a need to roll out incentives for COVID-19 vaccine manufacturers to help them ramp up production in a bid to cater to the rising demand

Despite challenges, HMT stays in the black

Kalamassery unit posts net profit of ₹3.37 crore

Chevrolet India says faulty Takata airbags replaced in 12,000 Cruze units

Automaker Chevrolet India, part of the U.S. auto major General Motors, is inspecting and replacing faulty airbags in Cruze sedan units manufactured between 2009 and 2017

DCGI nod paves way for Sputnik V vaccine import: Dr. Reddy’s

Sputnik V will join Covishield and Covaxin that were approved and used since India launched what arguably is one of the largest inoculation programmes globally in January

Auto sales fell 13.6% in year, grew 77% in March

‘Virus pushed sector back many years’

Industry seeks vaccines for all age groups, expedited supply

Lockdown is not a solution in present times, says CII

TCS reports 15% jump in Q4 net profit

Robust performance seen in verticals such as life sciences & healthcare and BFSI

Retail inflation quickens to 5.52%

Industrial output shrinks 3.6%; ‘we are far from seeing sustained recovery, need government support’

At ₹410 crore, JC Flowers highest bidder for Sathavahana Ispat debt

A consortium comprising Canara Bank, State Bank of India, Union Bank and IFCI had called for bids for sale of the debt.

Moment of truth in a policy contract

Premium paid for a policy is not an investment, and the quantum of claim is not an RoI

Ask us: on investments

Mutual funds are not meant to provide regular dividend options.

How to duck small savings rate cut

Senior citizens will still have a plethora of fixed-return choices

Cargo handling at 12 major ports in country falls 4.59% to 673 MT in FY21

These ports had handled 705 MT, 699 MT and 679 MT cargo in 2019-20, 2018-19 and 2017-18, respectively.

M&M to invest ₹ 3,000 crore on electric vehicle business in next 3 years

While it has already opened its electric technologies plant in Bengaluru that produces battery packs, power electronics and motors, it has also invested in a new manufacturing unit at its chakan plant to produce EVs.

Balrampur Chini board okays higher investment of ₹425 crore for new distillery plant

Sugar firm Balrampur Chini Mills on Saturday said its board has approved a higher investment of ₹425 crore for a new distillery plant of 320

China slaps $2.8 bn fine on Ma’s Alibaba

Regulator cites e-commerce giant’s ‘abuse of dominant market position’ as reason for record penalty

Manipal to sell Malaysian unit to Ramsay Sime Darby

220-bed hospital offers more than 30 speciality services

Ransomware attacks: Ansal fears data loss

Realty firm Ansal Housing on Friday said that the company had faced multiple ransomware attacks on its IT system since February 26, which may have

Vodafone Idea gets notice for licence fee due

The telecom department has issued a show-cause notice to Vodafone Idea Ltd. (VIL) over non-payment of licence fee for the fourth quarter of

Coronavirus | Transporters, MSMEs wary of a lockdown

Ferrying essentials may be hit as drivers head for hometowns; fresh orders on hold

L&T arm to set up 1.5 GW solar unit in Saudi Arabia

‘Order value between ₹5,000 crore-₹7,000 crore’

Fuel consumption falls 9.1% in FY21; first drop since 1998-99

Stringent lockdown led to the contraction in demand

Starving for more chips in a tech-hungry world

The snags threaten to leave a big dent in the auto industry, which by some estimates stands to lose $60 billion in sales during the first half of his year

Cars, SUVs buck retail auto sales drop

Tractors also retain traction in March.

RBI’s first purchase under G-SAP 1.0 set for April 15

Eyes securities worth ₹25,000 crore

MRO growth to help create jobs: skill council

‘AASSC has trained 16,000 so far’

Tesla scouts for showroom space in India, hires executive for lobbying-sources

Tesla Inc is scouting for locations to open showrooms in three Indian cities and has hired an executive to lead its lobbying and business efforts

NCLAT orders stays committee for OYO unit insolvency proceedings

‘Claimant has already drawn ₹16 lakh’

Payment Bank client’s balance limit doubled

The RBI has doubled the limit of maximum balance that an individual customer can hold with payments banks (PBs) to ₹2 lakh from ₹1 lakh earlier with

Coal in power mix hits peak in over 2 years

Coal’s share in India’s electricity generation rose to the highest level in at least 9 quarters during the first three months of 2021.The share of

IFFCO effects sharp hike in fertilizer prices

Head of cooperative says farmers will not have to pay revised prices on existing stock

MacBook, iPad production delayed as supply crunch hits Apple

According to the report, Apple's production plans for iPhones have not been affected by the supply shortage, however, the supply of some components for the devices is “quite tight”.

India to resume buying oil from Iran once U.S. sanctions ease

India stopped importing oil from Iran in mid-2019 following sanctions on the Persian Gulf nation by the Trump administration

Zydus Cadila gets USFDA nod for cancer and high blood pressure treatment drug

Drug firm Zydus Cadila on Thursday said it has received final approval from the U.S. health regulator to market Ibrutinib Capsules, used to treat

Passenger vehicle retail sales up 28%, two-wheeler registrations drop 35% in March: FADA

FADA president Vinkesh Gulati said that the global shortage of wafers, which is an input for semiconductor, kept PV waiting periods as high as seven months

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