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

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Turkey bans use of cryptocurrencies for payments, sends Bitcoin down

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

22mins

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

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

1hr

A vial of COVID-19 vaccine COVAXIN. File

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

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

56mins

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

Flipkart to acquire online travel firm Cleartrip

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

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Turkey bans use of cryptocurrencies for payments, sends Bitcoin down

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

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

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

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

Citi to exit retail banking in India, China

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.

‘Hiring for blue collar jobs resurges’

With the vaccination drive in full swing in the country and high optimism on economic recovery, the hiring of blue collar workers is resurging as 70%

Bharti’s new structure to help focus on digital

Airtel Digital to fold into parent firm

Remembering FCB Ulka’s Anil Kapoor

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

‘India can be hardware manufacturing hub’

Supply chains exiting China: Smith

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.

Ask us: on investments

Mutual funds are not meant to provide regular dividend options.

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

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’

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Lack of exercise is linked to more severe symptoms and a higher risk of death among COVID-19 patients, according to a new study. (Photo for representational purposes only.)

62K | COVID-19 patients with sedentary habits more likely to die, finds study

Naga Sadhus (or holy men) participate in a procession to take a dip in the Ganges river during Shahi Snan at "Kumbh Mela" , or the Pitcher Festival, amidst the spread of the coronavirus disease (COVID-19), in Haridwar on April 14, 2021.

24K | Coronavirus | Over 1,700 test positive for COVID-19 in Kumbh Mela over 5-day period

Telangana Chief Minister K. Chandrasekhar Rao. File

18K | KCR may opt for cancellation of SSC exams

Employees pack boxes containing vials of Covishield vaccine at the Serum Institute of India in Pune on January 21, 2021.

15K | The secrecy around deaths after vaccination

13K | No annuity rider, NPS subscribers get ₹5 lakh exit option

Cars lined up in a queue for drive-through COVID-19 testing, amid a spike in coronavirus cases in Ahmedabad, Wednesday, April 14, 2021.

13K | Coronavirus | Situation in Gujarat is turning grimmer by the day

Abbas Siddique’s support base extends to at least ﬁve districts in West Bengal. File

13K | West Bengal Assembly Elections | I am addressing not only Muslim concerns but of all the poor and dispossessed: Abbas Siddique

Prime Minister Narendra Modi. File

12K | Modi calls off meeting with French FM; Boris Johnson shortens India visit

Preparatory work is underway at a site near the airport in New Delhi on April 15, 2021 to set up a 500-bed DRDO COVID-19 treatment facility.

12K | Coronavirus | India’s daily caseload crosses 2 lakh