Industry News, Company News, Manufacturing News, Service Sector - The Hindu- Page 15

Avneet Singh Puri, Bharti Airtel CEO for Andhra Pradesh and Telangana, demonstrates the country’s first Live 5G service over a commercial network.

Airtel says network 5G ready; demonstrates live 5G service over commercial network in Hyderabad

PTI The move assumes significance as telcos are gearing up to leverage 5G as the next frontier for future growth to bolster revenues and provide stronger customer experience.

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Boeing is bullish on India for both its defence and commercial aviation businesses. File

Boeing gets U.S. approval to offer F-15EX to India

Dinakar Peri Conversations expected to gather pace during the Aero India show next week

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Reliance Jio ranked fifth strongest brand globally

PTI According to these criteria, Chinese mobile app WeChat usurped Ferrari to become the world’s strongest band.

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The company's operating profit for the full year of 2020 was at 35.99 trillion won ($32.32 billion), rising by more than 29% from 2019, according to a regulatory filing.

Samsung reports profit jump driven by strong chip demand

PTI “For 2021, the company expects a recovery in overall global demand but uncertainties persist over the possibility of recurring COVID-19 waves,” Samsung said in an emailed statement.

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Manufacturing PMI rises for third straight month; output rises at quickest pace since Oct. 2007

In the April-December period this fiscal, in the domestic market Bajaj Auto sold 13,91,341 units as against 16,05,308 units in the same period last fiscal, down 13.33 per cent.

Bajaj Auto reports 11% jump in Oct sales

Former HDFC Bank MD Aditya Puri joins Carlyle

Getting it right, step by step

Ask Us: On investments

Treat yourself to healthy options

With worsening air quality, air purifier sales soar in country

With the overall air quality in various parts, particularly Delhi NCR, in the country fluctuating between ‘very poor’ and ‘severe’ categories, air

JSW Holdings Sept. quarter net drops 48%

JSW Holdings, the non-banking financial company that forms the investment arm of the JSW Group, on Saturday posted a 48.1% decline in consolidated

BoB slashes repo-linked rate by 15 bps

Bank of Baroda (BoB) on Saturday announced a 15-basis point reduction in its repo-linked lending rate to 6.85% from 7% earlier, effective November 1.

SAP raising investments in India: Bawa

Software maker to focus on SMEs, start-ups as it moves to ‘true-cloud’ mode

‘Under penetration is biggest opportunity’

HDFC Bank poised to weather the COVID-19 storm, says former MD & CEO

Amazon tells SEBI Future is ‘misleading’ shareholders

Amazon is locked in a bitter legal dispute with Future Group.

WFH spurring rural buoyancy: Cisco

Small towns see job creation: Chittilapilly

ICICI Bank net rises sixfold to ₹4,251 cr.

ICICI Bank's profit after tax jumped to ₹4,251 crore as against ₹655 crore in the year-ago period, which is the highest quarterly growth in its history

ASM Technologies acquires offshore centre of Swedish firm

ASM Technologies, an engineering and product R&D firm, acquired the offshore delivery centre of Sweden-based Semcon, a company that works on user

Reliance Industries Q2 net drops 15%

Revenues fell to ₹1.2 lakh crore from ₹1.56 lakh crore in Q2 of FY20.

7,000 tonnes onion imported, 25,000 tonnes likely to arrive before Deepavali, says Piyush Goyal

The government has relaxed fumigation norms for import of onion and export of onion seeds have been banned, the Food and Consumer Affairs Minister said.

SEBI fines ₹ 65 lakh on 13 entities for manipulative trades

The regulator found that 13 entities manipulated the price of JDL.

Eurozone growth soars record 12.7% but fears grow for winter

The rebound was the largest increase since statistics started being kept in 1995.

Protection from imports time bound, says NITI Aayog Vice-Chairman

The government is set to extend the production-linked incentive scheme announced under the AtmaNirbhar Bharat package to six more sectors.

Indian Oil profit beats estimates on inventory gains, lower expenses

The company, along with subsidiary Chennai Petroleum , controls about a third of the country's 5 million-barrels-per-day (bpd) refining capacity

ExxonMobil to lay off 1,900 U.S. employees; mostly at Houston offices

Exxon said the job cuts will come mainly from its Houston, Texas office.

Biocon ranked among top five biotech employers globally in ‘Science Careers Top 20 Employers’ list

According to the ‘Top Employers Survey’ of approximately 7,600 respondents from across the world this year, Biocon said in a statement its ranking was based on three key attributes

Apple sees record September quarter in India

In September, Apple launched its first online store in India.

Online education startup Udemy in talks to raise $100 million in funding: sources

San Francisco-based Udemy has seen a boost in subscriptions this year as more people have stayed at home and opted for online learning due to the COVID-19 pandemic.

Vodafone Idea Q2 loss narrows to ₹7,218 crore

The company had posted a loss of ₹50,897.9 crore in the same quarter of the previous fiscal on account of making provisions for statutory due payments.

Bank of Baroda Q2 net doubles to ₹1,679 crore

Bank of Baroda (BoB) said second-quarter net profit increased 128% to ₹1,679 crore on a standalone basis compared with ₹737 crore in the year-earlier

‘Pandemic, high prices hit gold demand’

Jewellery falls; surge in bars, ETF: WGC

IndiGo Q2 net loss widens to ₹1,194 crore

IndiGo on Thursday reported a net loss of ₹1,194 crore for the quarter ended September 2020 with its passenger capacity shrinking to 47% of levels

HAL signs ₹400-cr. tech deal with TechM

Hindustan Aeronautics Ltd. (HAL) signed a ₹400-crore contract with Tech Mahindra for its ‘Project Parivartan,’ a comprehensive, business

Govt hikes ethanol price by up to ₹3.34/ltr

The Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Narendra Modi raised the price of ethanol extracted from sugarcane juice to ₹62.65 per litre from current ₹59.48 per litre

Shapoorji Pallonji Group submits plan to SC for separation from Tatas

The Mistrys have valued their holding in the Tatas at ₹1.75 lakh crore.

Lowest core sector shrinking since March

The decline in output during the month under review was lowest since March.

RBI imposes ₹22 lakh fine on DCB Bank for violating marketing norms

The Reserve Bank imposed the penalty by an order dated October 28, DCB Bank said in a BSE filing

Maruti Suzuki reports 2% rise in Q2 net profit at ₹1,419 cr

The auto major had posted a net profit of ₹1,391.1 crore in the July-September quarter of the previous fiscal.

Dr.Reddy’s to get BIRAC support for Sputnik V vaccine clinical trials

Govt. committed to fast track clinical development of COVID vaccine candidates, says DBT Secratary Renu Swarup.

L&T bags its largest ever EPC order from bullet train project

The approximately 508 km Mumbai-Ahmedabad High-Speed Rail project will cover 155.76 km in Maharashtra, 4.3 km in the Union Territory of Dadra & Nagar Haveli and 348.04 km in Gujarat with 12 stations along the route

COVID-19 hits India’s gold-buying sentiment; Q3 demand drops by 30%: WGC

The overall demand stood at 123.9 tonnes during the third quarter of 2019, according to WGC’s Q3 Gold Demand Trends report

Chennai gets another player in the coworking space

Awfis has set up its first space, spread over 65,000 sq. ft at Gemini Circle, Nungambakkam

Samsung Electronics sees profit decline on weak server chip demand after strong Q3 earnings

Samsung posts highest quarterly profit in 2 years.

REA Group to acquire controlling stake in Elara Technologies

Deal includes unspecified amount of cash and newly issued REA shares

Pidilite to acquire Huntsman unit for ₹2,100 crore

In addition to the Indian sub-continent business, the acquisition includes a trademark licence for Middle East, Africa and ASEAN countries

DRL net slides 30% even as sales rise

‘Sputnik-V trials may end by March’

Bharti won’t bid at 5G auction, reserve price too high: Vittal

‘Will examine need for 1,800 Mhz as usage is coming down’

U.K. to partner for developing GIFT City, funding infra pipeline

Fund of Funds to manage British govt.’s future development capital investments

Titan Q2 profit plunges 38%to ₹199 crore

Company saw a loss of Rs 484 cr in Q2 due to “ineffective hedging”

AI Express posts ‘record’ profit in FY20

Air India Express, the low-cost international arm of Air India, reported its highest-ever net profit of ₹412 crore for FY20.The airline’s profit is

Hero Q2 profit climbs 9% to ₹963.82 crore

Hero MotoCorp on Wednesday reported a 9% increase in consolidated net profit to ₹963.82 crore for the quarter ended September 30. The company had

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Children perform at a Uttar Pradesh Foundation Day function attended by State Minister Ajit Singh Pal at Kanpur Dehat district on January 24, 2021. Three journalists have been booked by the district police for airing news report “showing children of a government school shivering in cold” during the event. Photo: Facebook/@ajitpalofficial

36K | 3 TV journalists booked in U.P. for showing students ‘shivering in cold’ during government function

Vijay and Vijay Sethupathi in ‘Master’

21K | Vijay-starrer 'Master' to release on Amazon Prime Video on January 29

Nephew of V.K. Sasikala and AMMK founder T.T.V. Dhinakaran, speaking to reporters outside Victoria hospital in Bengaluru on Wednesday, January 27, 2021.

13K | V.K. Sasikala released from prison after serving 4-year term

Farmers gesture as they listen to a speaker at the protest site in Singhu border, New Delhi on January 27, 2021.

13K | Republic Day violence | Government conspiracy led to violence, say farmer unions

Reliance Industries Chairman Mukesh Ambani. File photo

11K | Indian billionaires increased their wealth by 35% during the lockdown, says Oxfam report

Clockwise from top - Singer KS Chithra, Ram Vilas Paswan, Shinzo Abe

9K | List of Padma awardees — 2021

The murdered siblings, Alekhya and Sai Divya.

9K | Parents arrested amid high drama for murder of two daughters

9K | Kashmir’s first-ever igloo restaurant turns selfie spot for tourists

Actor Deep Sidhu addresses farmers at Ghazipur border in New Delhi on December 14, 2020.

9K | Republic Day violence | Farmer unions condemn actor Deep Sidhu’s actions