Industry News, Company News, Manufacturing News, Service Sector - The Hindu- Page 2

Reliance Jio pays ₹195 crore to DoT to clear all AGR dues in advance

PTI Bharti Airtel and Vodafone Idea have a cumulative liability of ₹88,624 crore and have sought more time from the Department.

2hrs

Tech change: Ten models, such as the S-presso, Baleno, Alto 800 and Dzire come with BS-VI compliant engines.

Maruti crosses five lakh in sales of BS-VI compliant units

Special Correspondent Only BS-VI engines can enter the market from April 1, 2020

New and shiny: Guenter Butschek, MD & CEO, with Mayank Pareek, president, in Mumbai on Wednesday.

Tata Motors unveils premium hatchback Altroz

Special Correspondent Fully-refreshed BS-VI versions of Tiago, Tigor and Nexon too launched

L&T net rises 15.4% amid slowing orders

Special Correspondent Revenue climbs 5.4% to ₹36,718 crore; order book grows 2% in third quarter; infra revenue drops 5%

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Walmart India ‘lets go’of 56 employees

‘Kochhar violated ICICI Bank’s code’

DGCA provides IndiGo relief

OYO may lay off more than 1,000 people in India

Blackstone to invest up to ₹380 cr in Allcargo Logistics’ arms

Aviation regulator extends deadline for IndiGo to replace all unmodified PW engines on A320neo planes

Walmart sacks 50 executives in India

Walmart has around 600 staff members in the head office in India, out of a total of around 5,300 nationally.

What 2020 holds for banking

Five important developments that will likely shape the sector this year

Automakers in south tap exports

Move helps offset domestic slowdown; Hyundai growth highest in sector at 13%

Mercedes-Benz India’s 2019 sales decline 11.27%

‘At segment top spot 5th year in a row’

Tata Steel refinances debt in Europe, raises €1.75 billion

Loans come with better terms, say firm

Former Boeing CEO gets $62.2 million but loses some benefits

Mr. Muilenburg, who spent more than 30 years at Boeing, also has unexercised stock options that he has held since 2013 and that are worth more than $18.5 million at Friday’s closing price.

Gem and jewellery exports dip 2% in Dec.

Industry seeks budgetary sops

Broadcasters protest new tariff regime

Warn of channel closure, job losses

IIP growth turns positive, expands by 1.8% in November

The growth in the manufacturing sector was 2.7% as against a contraction of 0.7% in the same month last year.

Infosys Q3 proﬁt surges 23%, raises guidance

Reports large deal wins worth $1.8 bn

Infosys CEO Salil Parekh gets clean chit

No evidence of ﬁnancial impropriety or executive misconduct, says the ﬁrm’s audit committee report

Yes Bank board member quit

Nod for ₹10,000 cr. fund-raising; bank rejects Braich’s oﬀer

Worst auto sales decline in 2 decades

Prior to 2019, annual sales fell only twice in 22 years — in 2007 and 2008

Ashok Leyland, ABB arm ink pact on electric buses

Quick-charging TOSA to power vehicles

Allow exit for Sterling and Wilson investors: InGovern

The proxy advisory firm has said that the capital market regulator should force Sterling and Wilson Solar to give an exit option to its investors for allegedly using the public issue proceeds in a manner that was not stated in the prospectus.

IRDAI slaps ₹1 cr. penalty on Cholamandalam MS

Insurer violated governance norms

Tata Motors sees demand recovery in FY21

Automaker geared up for BS-VI roll-out with new product offerings

Mahindra to unveil e-KUV in Q1 2020

Working with States, operators to make e-mobility viable: MD

60 listed firms disclose ₹75,000 cr. default

SEBI had asked companies to disclose loan defaults at the end of every quarter

Reliance Infra gets nod to sell Delhi-Agra road project

Deal with CUBE III valued at ₹3,600 cr.

Banks plan to sell DHFL’s assets in three lots

Loans to homebuyers, firms and those for slum rehabilitation projects to be split

NCLT to consider only govt. probe on CG Power

Tribunal posts hearing to January 23

Amazon founder Jeff Bezos to visit India next week

Amazon CEO Jeff Bezos is likely to meet Prime Minister Narendra Modi and officials, besides industry leaders

After Airtel, Reliance Jio launches voice and video calling over Wi-Fi

The service allows customers to switch from LTE- to WiFi-based calling.

India palm import curbs to start Malaysia, Indonesia price war

The Indian Ministry of Commerce and Industry issued a notification on Wednesday declaring that the import of refined palm oil “is amended from 'Free' to 'Restricted.'

U.S.-Iran spat to impact IT sector: HFS

Onshore talent shortage could offer advantage to Indian IT firms

Telcos seek open court hearing on AGR

Urge rethink on SC verdict upholding recovery of ₹1.47 lakh crore in past dues

Cabinet nod for ordinance enabling FDI in coal mining

‘Historic’ decision would increase growth avenues, says Minister

Cabinet gives in-principle nod for strategic sale of Neelachal Ispat

The government on January 8 in-principle approved strategic sale of Neelachal Ispat Nigam Ltd (NINL) by allowing six PSU shareholders to sell their

Govt to provide ₹5,559 crore funding to northeast gas grid

The 1,656-km North-East Natural Gas Pipeline Grid will connect Guwahati in Assam to major cities in the region such as Itanagar, Dimapur, Kohima, Imphal, Aizwal, Agartala, Shillong, Silchar, Gangtok, and Numaligarh.

Telecom majors seek open court hearing in SC of their pleas for review of certain directions on AGR

Bharti Airtel, in its plea, had sought review of the directions on aspects of levy of interest, penalty and interest on penalty relating to AGR.

India's new mining rules to enhance foreign participation in coal sector: Minister

To attract foreign players to the domestic coal sector and cut imports of fuel, India has eased mining law.

Chennai-based Chai Kings gets $1 million funding

The firm plans to use the funds for its expansion in newer markets which include Coimbatore, Bengaluru and Hyderabad

Amid slowdown, Rolls-Royce delivers 25% more cars in 2019

The company sold a record 5,152 cars in over 50 countries

₹104.34 crore refund to RCom upheld

In a relief to Reliance Communications (RCom), the Supreme Court on Tuesday upheld an order by the Telecom Disputes Settlement and Appellate Tribunal

‘Reaction to Operation Twist as expected’

Reserve bank has carried out three rounds via open market operations so far

RBI eyes market for specialised supervision, regulation cadre

Internal supply to still account for 65%

SC to hear on January 10 Tata Sons’ plea challenging NCLAT decision restoring Mistry as chairman

The apex court website showed the plea is to be listed before a three-judge Bench comprising Chief Justice S.A. Bobde and Justices B.R. Gavai and Surya Kant

EoI, share purchase agreement for Air India’s sale approved by Group of Ministers

The EoI and the share purchase agreement would be issued in January itself.

SC rejects Centre’s plea challenging refund of ₹104 crore ordered by TDSAT to RCom

The tribunal had on Dec. 31, 2018 directed the Centre to return the amount after encashing bank guarantee of ₹908 crore against spectrum charges of ₹774 crore

5G technology to get faster adoption than 4G: Qualcomm

“The electric growth of the new technology would ensure that by 2022, the number of shipped 5G smartphones will be over 750 million, and 5G connections should beat 1 billion by 2023, two years faster than 4G hit that number,” Qualcomm President Cristiano Amon said.

Facebook rolls out 4 new privacy features

The new features in Privacy Checkup tool will help users enhance account security and control how their information is used. Facebook will rollout the update globally this week.

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