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

China regulators fine Alibaba $2.75 bn for anti-monopoly violations

Reuters The billionaire founder Jack Ma's business empire has been particularly put under intense scrutiny after his stinging criticism of China's regulatory system in late October.

Question of timing: Firms finalise annual rate contracts in the first quarter. New restrictions have hit players hard. VIVEK BENDRE

Coronavirus | Transporters, MSMEs wary of a lockdown

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

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

PTI Stringent lockdown led to the contraction in demand

S.N. Subrahmanyan

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

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

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China regulators fine Alibaba $2.75 bn for anti-monopoly violations

Manipal to sell Malaysian unit to Ramsay Sime Darby

Ransomware attacks: Ansal fears data loss

Vodafone Idea gets notice for licence fee due

Coronavirus | Transporters, MSMEs wary of a lockdown

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

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

IL&FS sells green arm, cuts debt by ₹1,200 crore

Transfer of staff to save ₹50 cr. a year

Bank stocks lift Sensex as investors cheer RBI’s tack

Policy stance buoys index by 0.94%

Titan’s revenue surges 60%, salaries restored

‘Consumer sentiment improving’

Airtel launches ‘Airtel IoT’

Bharti Airtel on Wednesday announced a 5G-ready internet of things (IoT) platform for enterprises with capability to connect and manage billions of

OYO denies bankruptcy reports

Ritesh Agarwal, the founder and CEO of OYO on Wednesday denied reports that the hospitality start-up has filed for bankruptcy. The reports followed a

Mercedes-Benz India Q1 sales up 34% to 3,193 units

'Our Q1 2021 performance makes us confident that this growth momentum can be continued in the coming months as well'

Cabinet approves PLI schemes for solar modules, white goods

They would get an incentive of 4% to 6% on incremental sales of goods for five years

Dixon, Bharti to form JV; eye PLI-scheme for making telecom products

Deven Khanna, Group Director, Bharti Enterprises said, “With Dixon’s excellent track record in manufacturing industry & Bharti’s deep expertise in Telecom, this venture will be well positioned to be a key player in its space.”

Max Group sells 13% stake in life insurer Max Life to Axis Bank

Lender to be insurer’s co-promoter

Sukino Healthcare plans expansion in South

Firm aims to have 1,500 beds by 2025

Avoid selective disclosures in COVID-19 era, SEBI tells firms

Securities and Exchange Board of India (SEBI) chairman Ajay Tyagi has highlighted the need for adequate level of disclosures, risk assessment, sound

Shriram Automall generates business worth ₹3,000 crore

Demand for used vehicles seeing strong recovery: Malhotra

Average spot power price at IEX jumps 65%

Average spot power price rose by 65% to ₹4.06 per unit in March compared to the year earlier month at the Indian Energy Exchange (IEX) mainly due to

Bharti Airtel sells spectrum worth ₹1,497 crore to Reliance Jio

As per the agreement, which is subject to statutory approvals, Reliance Jio will acquire right to use spectrum in the 800MHz band in Andhra Pradesh (3.75 MHz), Delhi (1.25 MHz) and Mumbai (2.50 MHz) circles through spectrum trading

Nabard balance sheet grows 24% to ₹6.57 lakh crore in FY21

In the financial year 2019-20, its balance sheet stood at ₹5.32 lakh crore

Indian Oil Corp buys its first Johan Sverdrup crude cargoes

IOC will take delivery of two million barrels of the NorthSea crude in each of May and June, one of the sources said.Further details on the trades were not yet clear

Less-industrialised States lead power-demand recovery

India’s less industrialised States have led a recovery in electricity demand that began in September, a Reuters analysis of government data

HDFC Bank’s advances, deposits rise

HDFC Bank's advances registered nearly 14% growth by end of March at ₹11.32 lakh crore, while deposits were up by over 16% at ₹13.35 lakh crore, the

Manufacturing PMI dips to 7-month low on renewed COVID-19 lockdowns

Tighter curbs amid the COVID-19 resurgence suggest factories could be in for a tough April: IHS Markit

Panacea Biotec to make 100 m doses of Sputnik V vaccine

RDIF now has production pacts with five Indian firms

Byju’s acquires Aakash Educational Services

According to sources, the deal is worth close to USD 1 billion (about ₹7,300 crore) - making it the biggest acquisition by Byju’s to date.

Govt amends insolvency law; introduces pre-packaged resolution process for MSMEs

An ordinance was promulgated to amend the Insolvency and Bankruptcy Code (IBC) on April 4, according to a notification

Are you retirement-ready?

Adjust the estimated value of your retirement portfolio at a pre-defined frequency

A family that plans together stays together

Financial planning is not just about dry numbers, it is about human emotions

‘Gas firms hurt by low prices fixed by govt.’

Natural gas production remains a loss-making proposition for most fields for the Indian upstream producers as government-dictated gas price remains at

Pandemic will hasten 5G deployment: Cisco India chief

‘We are raising investments to focus on AI, Wi-Fi 6’

Coronavirus | Boost testing, vaccinate those aged 18-45: FICCI urges government

‘Younger age group acting as super spreaders of infection’

Individual loans continued to improve last quarter: HDFC

Mortgage lender says credit worth ₹7,503 crore were assigned to its banking unit

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