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

Rising headcount: Reliance has employed 50,000 more people since March 2020, says Mukesh Ambani.

RIL net rises 12.5%, revenue slides 21%

Special Correspondent Refining-to-telecoms firm shrinks costs by 22% helping buoy profit, adds 50,000 jobs since March

Padmaja Chunduru

Indian bank Q3 net more than doubles

Special Correspondent Board gives nod to raise ₹7,000 crore

The IL&FS (Infrastructure Leasing and Financial Services Ltd.) headquarters in Mumbai.

IL&FS addressed debt of ₹2,500 crore in Q3

Special Correspondent ‘So far repaid ₹32,000 crore of debt’

A HDFC Bank branch office in Mumbai. File

HDFC Bank submits plan of action to RBI, hopes to fix outage issue in 3 months

PTI The action plan will take 10-12 weeks for implementation.

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GM says Maharashtra’s move will hurt investments

RIL net rises 12.5%, revenue slides 21%

Biocon’s net slumps 16.7% to ₹169 crore

Indian bank Q3 net more than doubles

Grasim to foray into paints

IL&FS addressed debt of ₹2,500 crore in Q3

HDFC Bank submits plan of action to RBI, hopes to fix outage issue in 3 months

The action plan will take 10-12 weeks for implementation.

Ex-Pond’s India chief Narayanan passes away

‘Visionary, gave his team freedom’

Govt. defends decision that led to Adani bagging six airports

Ministry says cap was waived considering operational scale

Hero MotoCorp surpasses 100 mn-unit production, to launch 10 new products every year

India’s largest two-wheeler maker Hero MotoCorp, that crossed 100 million units in cumulative production, said it will introduce over 10 products,

RBI withdraws 3 circulars on excess pension recovery after discovering anomalies

The RBI asked banks to seek guidance from respective pension sanctioning authorities regarding the process to be followed for recovery of excess pension paid to the pensioners.

Competition Comm dismisses complaint against Bar Council of India

The Competition Commission of India (CCI) has dismissed a complaint which alleged that the Bar Council of India (BCI) was abusing its dominant

Cabinet approves closure of Scooters India: Sources

The company that manufactured famous scooters like Lambretta and Vijai Super will be shut down after the Cabinet gave its nod to a proposal to close

CCI plans to export ten lakh bales of cotton

India, Bangladesh may ink MoU.

Mercedes-Benz launches 2021 edition of SUV GLC at ₹ 57.40 lakh onwards

German luxury carmaker Mercedes-Benz on Wednesday launched the 2021 edition of its popular SUV GLC in India with price starting at ₹ 57.40 lakh

Sundaram Finance names Rajiv Lochan as MD

The board of Sundaram Finance met on Wednesday and named Rajiv Lochan (director Strategy) as managing director with effect from April 1

Working on addressing misinformation on user policy update, available to answer any question: WhatsApp

The spokesperson added that WhatsApp will always protect personal messages with end-to-end encryption, so that neither WhatsApp nor Facebook can see them.

Investment rule changes may hit Amazon

E-com firms could revamp ties with major sellers if govt. implements proposal

Promoters sell 1% in Wipro for ₹9,156 cr.

Wipro promoter Azim Premji and promoter companies tendered 22,89,04,785 shares worth ₹9,156 crore during a buy-back programme, said the IT firm in a

Cognizant to acquire Magenic Technologies in Minneapolis

Cognizant entered into an agreement to acquire Magenic Technologies, Inc., a privately-held custom software development services company

Amazon partners with Startup India, others to boost e-commerce exports from India

As part of the Startup Accelerator, Amazon has constituted a mentorship board consisting of Amazon leaders from India and across the world, VCs and senior leaders from Startup India.

India asks WhatsApp to withdraw changes in privacy policy

They raise ‘grave concerns’ over implications of the choice and autonomy of Indian citizens, it says

Centre issues Letter of Comfort to Bharat Biotech for 45 lakh doses of Covaxin

Bharat Biotech said it has also donated 16.5 lakh doses to the Government of India

Mindtree net jumps 65.7% to ₹326.5 crore

Mindtree on Monday reported third-quarter net profit jumped 65.7% to ₹326.5 crore on strong demand for cloud and digital services. Profit a

Total inks pact for 20% in Adani Green

Total on Monday said it had agreed to acquire 20% stake in Adani Green Energy Ltd (AGEL). This follows an earlier commitment by the French company to

Sugar output rises 31% to 142.7 lakh tonnes: ISMA

Higher sugarcane supply to aid growth

Avian flu outbreak to hit Jan. poultry sales: Crisil

‘Unlikely to dent profitability this fiscal’

India, China may take lead in Asia’s Covid vaccination plans, says Moody’s Analytics

Second most-hit nation’s role will soften severity: Moody’s

Govt. may raise import duties by 5-10%

Budget likely to raise levy on more than 50 items including smartphones, electronic components

Lexus unveils LS 500h Nishijin sedan at ₹2.2 crore

The LS 500h Nishijin at ex-showroom New Delhi price of ₹2.22 crore.

India, China set to lead vaccine distribution in APAC region: Moody’s Analytics

Moody’s Analytics said the Indian government plans to inoculate nearly 300 million high-priority people, including health workers, the elderly, and those with higher co-morbidities by August.

Trump's China tech war backfires on automakers as chips run short

The problems stem from a confluence of factors as auto manufacturers compete against the sprawling consumer electronics industry for chip supplies.

RBI likely to propose stricter rules for shadow banks: sources

The RBI is expected to set out proposals in a discussion paper next week, recommending that bigger shadow banks maintain a statutory liquidity ratio, the sources said.

Is ‘sum assured’ the same as ‘sum insured’?

‘Sum insured’ and ‘sum assured’ are among the fundamental terms an individual essentially needs to understand before choosing a life insurance plan.

Planning for the preventable

Vaccination, inoculation procedures are usually not covered by health insurers

Ask us: On investments

An amount spent towards preventive health check-ups can be claimed up to ₹5,000 subject to the overall limits as provided under Section 80D.

Centre extends bidding deadlines for Pawan Hans disinvestment

The government had invited expressions of interest from bidders for its 51% stake in mini-Ratna PSU Pawan Hans, with January 19 as the deadline.

Amazon Prime Video to continue investing in local content

A new partnership with Airtel will allow prepaid users of the telecom major to avail the video streaming service as a standalone offering.

Excise duty collection jump 48 % this fiscal on record hike in taxes on petrol, diesel

With this, the total incidence of excise duty on petrol rose to ₹ 32.98 per litre and that on diesel to ₹ 31.83 a litre.

Demand to rationalise GST on food delivery biz to 5 %

Customers taking food delivery at their home or office are paying 13% higher price on the same food and beverages compared to customers who are walking down to restaurants as the dine-in tax rate is 5%, they claimed.

EPFO settles 56.79 lakh COVID-19 advance claims, releases over ₹14,000 cr till December

The amount of disbursals under COVID-19 claims to subscribers is a sizable amount of over one fifth of the total disbursement during the period by the EPFO.

‘Retail inventory has piled up’

Incentivise creation of jobs, MD of Clarks India urges govt.

ATF prices raised for fourth time in 2 months

Petrol, diesel remain unchanged

Apple payout on VirnetX patent may exceed $1.1 bn

Apple’s request for a new trial and several other claims were rejected.

Lenders back Piramal’s bid for DHFL

Piramal Enterprises’ bid received 94% votes as compared to 45% for the U.S.-based Oaktree Capital.

Narendra Modi announces ₹1,000-crore 'Startup India Seed Fund'

Addressing the 'Prarambh: Startup India International Summit', Mr. Modi exuded confidence that the growth of startups will help in generating jobs and improving lives of people in the region.

Travel agents’ body seeks guidelines for travellers who have taken Covid-19 jab

It asks govt. to do away with quarantine requirement for inoculated travellers.

HDFC Bank Q3 net rises 14.36% to ₹8,760 crore

Its total income increased to ₹37,522 crore on a standalone basis compared to ₹36,039 crore in the year-ago period

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