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

Facebook doubles profit, but sees cooling growth

AFP The number of people using the social network monthly climbed to 2.9 billion.

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‘Deposits up to ₹5 lakh in ailing banks to be repaid in 90 days’

Special Correspondent Cabinet approves deposit insurance law amendments on lenders in moratorium

5hrs

Tyagi laments lack of disclosures by listed firms

Special Correspondent ‘IPOs more an exit option for investors’

5hrs

Sundaram Home Fin plans to raise ₹2,500 cr.

Special Correspondent Firm’s Q1 net rises 18% to ₹40 crore

5hrs

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Facebook doubles profit, but sees cooling growth

Sundaram Home Fin plans to raise ₹2,500 cr.

Maruti Suzuki posts Q1 net profit of ₹440.8 crore

Tyagi laments lack of disclosures by listed firms

‘Deposits up to ₹5 lakh in ailing banks to be repaid in 90 days’

AI firm Blaize raises $71 million

Google parent Alphabet reaches record quarterly revenue, profit in ad boom

Shares of Alphabet rose 5% in extended trading as it reported results that were a beat in financial metrics

Tech firm Clover Infotech to hire 2000 freshers in FY22

Clover Infotech, an IT services and digital transformation provider, said it would hire 2000 freshers this year.The company would hire some 1000

Ola expands ESOP pool to ₹3,000 crore; adds stocks worth ₹400 crore

Ola, a mobility platform, on Wednesday, expanded its ESOP (employee stock option plan) pool to ₹3,000 crore, by allocating additional stocks worth

Strong growth in India, Latin America helps Apple log record $ 81.4 billion revenue in June quarter

In the past too, Apple has highlighted that it sees growth opportunities in the Indian market.

Rolex Rings IPO fully subscribed within hours of opening

Auto components maker Rolex Rings initial public offer was fully subscribed within hours of opening on Wednesday. The IPO received bids for 63,47,712

Canara Bank Q1 net profit triples to ₹1,177 cr.

‘Fall in bad loans helped boost profit’

IndiGo net loss widens on fuel, COVID impact

‘May, June revenues lower than April’s’

Flipkart goes to SC in CCI probe matter

The firms had denied the allegations and wanted the probe quashed.

Dr. Reddy’s Q1 net slides 36% on impairment charge

Drugmaker sets aside ₹193 crore after losing U. S. arbitration case.

L&T Q1 profit zooms to ₹1,531 crore on higher income

‘New orders grow 13%; external demand strengthening’

Indian airports report loss of ₹70 billion in FY2020: aviation consultancy

Of the total losses, the Airports Authority of India (AAI) accounted for 69% losses and the remainder belonged to airports under public- private partnership

Reliance Digital’s electronics sale to go live on July 26

Reliance Digital said, all stores and delivery partners are strictly following Covid-safety measures in the interest of the safety of customers and employees

‘Mindtree expects Europe to grow faster than U.S. in FY22’

Focused M&As are key to our growth strategy, says MD

ICICI Bank net rises 78% to ₹4,616 cr.; slippages up

Retail loan book drags, NPA ratio rises

IndusInd Bank to raise up to ₹30,000 crore

The funds would be raised on a private placement basis.

ITC Q1 profit rises 30.2% to ₹3,343.44 crore

The company had posted a net profit of ₹2,567.07 crore during the April-June quarter of the previous fiscal, ITC said in a filing to the stock exchanges.

Tesla CEO Musk expects at least 'temporary relief' for EVs in India in terms of import duty relaxation

Elon Musk says he is hopeful that there will be at least a temporary tariff relief for electrical vehicles in India

RIL net rises 4.2% to ₹13,806 cr. as refining lifts revenue by 57%

Incremental output from KG D6 block helps double Oil & Gas business revenue

Indian Oil Corp to fuel expansion with green power

IOC also plans to build a green hydrogen plant.

Supreme Court dismisses telecom majors’ pleas to record grievances on ‘arithmetical errors’ in calculation

Firms had sought chance to point out “arithmetical errors” in calculations.

CCI accuses Amazon of hiding facts in deal for Future unit

Watchdog issues ‘show cause’ notice on Future’s complaint

Excise duty collection from petroleum products being used in infra development: Nitin Gadkari

The Road Transport and Highways Minister said this in the Lok Sabha while replying to a question on the impact of rising fuel prices on the logistics cost of transportation in the country.

Cabinet approves ₹6,322-crore PLI scheme for specialty steel

The Union Cabinet on Thursday approved ₹6,322-crore production linked incentive scheme for specialty steel, a move aimed at boosting domestic

HUL Q1 net up 10.7 % at ₹ 2,100 cr; net sales rises 13 % to ₹ 11,966 cr

FMCG major Hindustan Unilever Ltd on Thursday reported an increase of 10.7 % in its consolidated net profit at ₹ 2,100 crore for the first quarter

Infosys reopens offices as India Inc eyes long road back to work

Health experts have appealed to State governments and citizens to not lower their guard against COVID-19, saying a third wave was inevitable.

Byju’s buys U.S.-based Epic for $500 million

Enters kids digital reading space

Order book to help HCL Tech tide over third wave, says MD

‘Firm should be fine as deals booked are under execution’

Serum Institute writes to Union Health Minister proposing reforms in drug regulatory system

Prakash Kumar Singh, Director, Government and Regulatory Affairs at Pune-based SII, in a letter, referred to a gazette notification by the Union Health Ministry on May 18, 2020

Adani to make changes in branding, logo after AAI committees find violation

Adani group starts making changes in brandings and displays in order to bring them in accordance with the concession agreements that they had signed with the Airports Authority of India

₹500 cr. COVID claims leave ICICI Prudential in the red with ₹186 cr. Q1 net loss

However, the company reported good all-round numbers, including a 71 per cent growth in the key metric of value of new business premium.

Wipro to invest $1 billion over three years in cloud

It unveils Wipro FullStride services

Nearly 12,900 companies struck off in 2020-21

As many as 12,889 companies were struck off from official records in the financial year ended March 2021 and 87 companies dissolved during the same

Swiggy closes $1.25 billion funding from Softbank, Prosus and others

'This investment would further accelerate Swiggy’s multi-year strategy of growing its core business and building new food and non-food adjacencies in 2021 and beyond.'

Unilever launches first in-store vending model at Mumbai mall

The consumer goods major’s ‘Smart Fill’ initiative is aimed at reducing plastic waste

NCLAT stays Twin Star’s Videocon takeover bid

Appellate body lists hearing on Sept. 7

‘Air traffic may hit 83% of pre-COVID level in Q3’

‘FY22 to see 9.2 crore domestic fliers’

HCL Tech net rises 9.9%, sees double-digit growth

Vijayakumar is MD as Nadar, 76, retires

IISc-incubated Mynvax to get funding to bring “warm” Covid vaccine to market

The company was developing novel recombinant vaccines for COVID-19 and human influenza and would use the proceeds to further clinical development for the same

Govt plans to complete LIC IPO this fiscal: Karad

The government plans to complete the initial public offering of Life Insurance Corporation (LIC) in the current fiscal, the Minister of State for

HDFC Bank shares tumble over 3% after Q1 earnings

HDFC Bank stock went lower by 3% to ₹1,475 on the BSE

Govts need to take steps to hold NSO Group accountable: WhatsApp CEO

WhatsApp had in 2019 sued the NSO Group, accusing it of using its messaging service to conduct cyberespionage on roughly 1,400 user accounts, including of journalists and human rights activists

Active or passive? Why investment grammar is important

Choosing the right fund for investment can be an uphill task as several factors are at play

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