Industry News, Company News, Manufacturing News, Service Sector - The Hindu- Page 18

A restored Lambretta. File

Cabinet approves closure of Scooters India: Sources

PTI 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

T.T. Srinivasaraghavan. File

Sundaram Finance names Rajiv Lochan as MD

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

CCI plans to export ten lakh bales of cotton

M Soundariya Preetha India, Bangladesh may ink MoU.

Photo credit: Mercedes-Benz

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

PTI 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 (ex-showroom).The 2021 GLC is available in GLC 200 petrol and GLC 220d diesel variants, priced at ₹ 57.40 lakh and ₹ 63.15 lakh (ex-showroom, India), Mercedes-Benz India said in a statement.The newly launched vehicle features the latest connected car technology - 2021 'Mercedes me connect', integrating Alexa Home, Google Home and parking locations on

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Future’s asset sale to RIL breaches pact: Amazon

‘Google holding app developers to ransom’, says Paytm’s Vijay Shekhar Sharma

No foreign flights at cost of Indian carriers: Puri

Congress flags ₹12,000 cr loss from illegal iron ore exports

Jio designed to help India lead fourth industrial revolution, says Mukesh Ambani

Banks sanction ₹1.87 lakh crore to 50.7 lakh MSMEs under credit guarantee scheme

Infosys to acquire U.S.-based Blue Acorn iCi for $125 mn

The acquisition is expected to close during the third quarter of fiscal 2021, subject to customary closing conditions. .

Puri sounds positive on domestic air travel

It could see traffic reaching pre-COVID 19 levels as soon as the end of 2020

Paytm aims to support 1 million apps on Mini App Store

Paytm founder added that the company is committed to developing India’s technology ecosystem.

Passenger vehicle retail sales grow for the first time since March

Total vehicle retail sales continue to be on the decline.

Valli Arunachalam serves legal notice to Ambadi Investments, Murugappa family members

Her nomination to a board seat was rejected by a majority of AIL’s shareholders last month

ZEEL independent director pays fine for violation of insider trading norms

The company has paid ₹8.20 lakh to the Investor Protection and Education Fund.

Uday Shankar resigns to start entrepreneurial journey

Uday Shankar, the long standing top media and entertainment executive helming Star, 20th Century Fox in this region for around one and half decades,

‘Check facial recognition misuse’

Protect democratic freedom, says Microsoft’s Smith

Cabinet nod for reforms in natural gas marketing

‘Changes will help price discovery’

TCS Q2 net profit up 4.9% at ₹8,433 crore

Announces ₹16,000-crore buyback plan.

Govt. allows Reliance, others to sell gas to affiliates; marketing freedom to benefit Cairn, Focus

The government between 2016 and 2019 gave pricing freedom for all fields except those given to State-owned Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) on a nomination basis.

New H-1B rules to restrict US’s access to skilled talent: Nasscom

Reacting to the new restrictions on the H-1B visa programme by the US, the National Association of Software and Service Companies (Nasscom) on

‘Tough time for banks as stressed loans set to rise’

Quick recovery key to limit losses: Fitch

Axis Bank to raise salaries by 4-12%

The country’s third-largest private sector lender Axis Bank has offered a salary increase of up to 12% for its more than 75,000 employees, sources

Torrent Gas to invest ₹8,000 cr. in distribution

Eyes 500 CNG pumps by March 2023

Government appoints Dinesh Kumar Khara as SBI chairman

The new SBI chairman will have a tough task ahead as the banking sector is going through a major crisis due to the COVID-19 pandemic.

CIL capex utilisation at ₹5,023 cr in first half of FY21

The capex utilisation in April-September was at an all-time high of 118% in the first half of any fiscal, the PSU said in a statement

Your jobs, increments, bonuses are secure: CEO Aditya Puri to HDFC Bank employees

Mr. Puri said the bank is doing well, has sufficient capital and does not have any strain in the loans that it has made

Uber launches employee commute services

Organisations can create dedicated transport programmes for employees and clients, it said in a statement

McDonald’s to resume dine-in operations in Maharashtra after six months

Last week, the Maharashtra government issued coronavirus-related Standard Operating Procedures (SOPs) for restaurants that are set to re-open from October 5 with 50% occupancy.

‘Road transport revenue may shrink 18-20% in FY21’

ICRA keeps negative outlook on sector

PNB to add 4,000 jobs, open 500 branches in FY21, says Rao

Managing Director says lender to focus on the South, West for expansion

Office space absorption rises 64% QoQ, says JLL

Delhi, Mumbai, Pune markets contract

Google defers Play Store billing move to March ’22

Firm ‘mindful of local needs, concerns’

Shouldn’t let AI become weapon of non-state actors, says Modi

‘Collective responsibility to ensure trust in how it is used’

Vodafone lenders approve merger of Indus Towers with Bharti Infratel

Vodafone Idea holds 11.15% stake in Indus Towers, which is estimated to be valued at around ₹4,000 crore.

SpiceJet to start non-stop flights to London from December 4

Low-cost carrier SpiceJet on Monday announced non-stop flights to London from Mumbai and Delhi with effect from December 4, making it the first

TCS m-cap surpasses ₹10 lakh crore mark

It is the second Indian firm after Reliance Industries to do so.

Adjuvant Alhydroxiquim-II to boost immune response of Covaxin

Vaccine maker Bharat Biotech, ViroVax sign licensing agreement.

Paytm to open ‘mini app’ store for Indian developers

‘More than 300 service providers have joined programme’

Ask us: On investments

Try investing the remaining 15% or so in a Nifty-based equity index mutual fund.

Returns tango with risk

Every investment carries an element of risk and an investor must be fully aware of the same

Personal Data Protection Bill likely to be tabled in Parliament in Budget session

The draft of the Bill, approved by the Cabinet in December 2019, proposes a penalty of up to ₹15 crore and up to three-year jail term for company executives for violating privacy norms.

India Inc expects over 50% capacity utilisation in H2FY20: CII

On exports, 40% expect better prospects and 24% expect no change, it added.

Govt weighs legal options in Vodafone tax arbitration case

Finance Ministry sources said the government will decide on challenging the award before a court in Singapore.

Quality, scale will help lift exports; not subsidies: Piyush Goyal

The Minister says $1 tn goal requires focus

Back to 85% of pre-COVID-19 transaction levels at CUB: N. Kamakodi

‘Virtual banking during lockdown aided recovery’

Exports rise 5.3% in September, imports fall narrowing deficit

For April-September, exports decline 21% while imports contract 40%

Finance Ministry to work on Budget from October 16

These meetings will continue till the first week of November.

GIC, TPG to invest a total ₹7,350 cr. in RIL retail biz

Singapore fund, PE firm to buy stakes

Mazagon Dock IPO subscribed more than 157 times

The ₹444-crore ínitial public offering (IPO) of defence public sector shipyard Mazagon Dock Shipbuilders Ltd. (MDL), that closed on Thursday, was

‘Sanitaryware sector seeing online surge’

Pandemic spurs omnichannel approach

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