Industry News, Company News, Manufacturing News, Service Sector - The Hindu- Page 5

HUL's total expenses too rose 21.65% to ₹9,548 crore in Q3 FY2020-21 compared to ₹7,849 in the year-ago period.

HUL Q3 net up 18.8% at ₹1,938 crore; sales rise 20.3% to ₹11,969 crore

PTI The company had posted a net profit of ₹1,631 crore in the October-December quarter previous fiscal

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File photo shows a man and his daughter wearing masks in New Delhi.

Reliance signs $ 15 million deal with Israeli firm to distribute COVID-19 breath test kit

PTI The Israeli company is said to have developed a breath test system that identifies COVID-19 at a success rate of over 95%.

3hrs

Qualcomm has rolled out multiple tiers of chips with different features and pricing, positioning itself as GM's single provider for budget and luxury vehicles.

Qualcomm to supply General Motors with 'cockpit' chips for next generation vehicles

Reuters The companies also said GM will start integrating Qualcomm's automated driver assistance system chips for features such as adaptive cruise control and lane-change assistance.

Course of law: Cairn cited the U.K.-India bilateral treaty and the New York Convention, while urging action.

Cairn threatens Indian asset seizures abroad in tax case

Suhasini Haidar Vikas Dhoot U.K. energy major assures Centre it will move to freeze assets only if India fails to discuss payment of amount awarded by tribunal

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Hero Cycles seeks govt. help on parts shortage

Traders’ body says Commerce Ministry has flagged violations by Amazon, Flipkart

Amazon gets into the podcast business

Chief Secretary’s intervention sought in tower vandalism incidents in Punjab

Nationwide average retail price of onions down 60% since last year: Govt

Core sector output shrinks 2.6% in November

Tata-Mistry row | Tax tribunal suo moto junks negative remarks on Mistry

The tax body issues a corrigendum saying “critical remarks were due to a typo”.

Interest rate on PPF, NSC, other small savings schemes unchanged for Q4

Interest rates for small savings schemes are notified by the Finance Ministry on a quarterly basis.

Jio announces free domestic voice calls from January 1 as IUC regime ends

Over the last one year or so, Reliance Jio was charging customers 6 paise per minute.

‘Life insurance to see flat growth in FY21’

The life insurance industry’s growth in the current fiscal is likely to stay flat amid sharp traction seen in the protection business and the ₹5 lakh

‘Exports may reach $290 bn by fiscal-end’

The country’s exports may reach $290 billion by the end of this fiscal in the wake of outbound shipments being hit hard by the COVID-19 pandemic

RCom group owes around ₹26,000 crore

Telco calls ‘fraud’ tag unjustified

Housing more affordable over past decade: Knight Frank

Knight Frank's recent proprietary Affordability Index, which tracks the EMI to income ratio for an average household, has shown improvement in housing affordability over the last decade.

Air India to operate direct flights from the south to San Francisco, Chicago

The non-stop service between Bengaluru and San Francisco, and Hyderabad and Chicago will begin from January 9 and 13 respectively.

Office space absorption fell by more than half in 2020: Savills India

The year saw Bengaluru recording the maximum office absorption with 6.8 million sq.ft. space take-up.

Sebi fines NDTV ₹5 crore over disclosure lapses; company to appeal against order

The regulator said its probe began after receipt of complaints in 2017 from Quantum Securities Pvt Ltd.

AMP, Sterlite in $300 mn power transmission pact

‘Total investment may touch $500 mn’

Govt. mulls mandatory front seat airbags

Issues draft notification; FADA cagey

Tax tribunal upholds tax-exempt status of Tata Trusts

It also censured former Tata Sons Chairman Cyrus Mistry for supplying documents to the Tax Department soon after his unceremonious exit.

Tata Sons increases stake in AirAsia India to 83.67%

This follows the decision of Air Asia Group Berhad to sell 32.67% stake in the JV airline

Lenders extend ICA for Reliance Home Finance resolution till March 31

The company recently got bids from six suitors as part of the debt resolution process.

Auto parts industry revenue to grow 16-18% in FY22, says ICRA

Outlook revised from negative to stable.

U.K. flight ban likely to be extended, says Hardeep Singh Puri

"In the next day or two, we will find out if any additional steps need to be taken.”

COAI condemns damage to telecom infra in Punjab during farmers’ protest

"The disruption of telecom services was causing immense inconvenience to the common man for whom the mobile services are so essential," says COAI director general S.P. Kochhar

‘Supply chain shift from China may benefit India’

‘Confidence high on vaccine promise’

Resolve telecom issues quickly: COAI to Centre

‘Need regulatory support, AGR review’

Office space leasing drops 44% on WFH: report

Net office space leasing fell 44% year-on-year during 2020 to 25.82 million sq. ft across seven major cities as corporates deferred expansion plans

Already produced 40-50 million dosages of Covishield vaccine, says Serum Institute

The company plans to scale it up to 100 million by March next year.

Coronavirus | Skyways ties up with SpiceJet for vaccine transportation

In addition, Skyways will also provide custom brokering services, wherever required in India, Germany and the U.S., it said

Changing with the times

Norms on standardisation of health cover and exclusions help customers to better understand insurance policies

Ask us: On investments

Avoid small payment banks or co-operative banks with high interest given their risks in recent times.

Keeping a watch on your financial health

Providing for a health crisis and grabbing bear-market opportunities come highly recommended for the new year

India to play vital role in equitable distribution of COVID-19 vaccines around the world: Pharma industry

"India contributes 60% of the vaccine production to the world.”

Rule of 1% GST liability payable in cash may impact 45,000 units

Input tax credit may be used for up to 99% of GST due; rule meant to check fraud

DLF arm to buy out Hines in Gurugram unit for ₹780 crore

Realty major DLF’s rental arm DCCDL has agreed to acquire the entire 52% stake of U.S.-based Hines in a premium commercial project in Gurugram for

‘Pandemic revived demand for nanotech protection,’ says Luxor Group MD

We plan to introduce more product categories for home and personal hygiene, says Pooja Jain Gupta

Coal India set to diversify into non-coal mining areas in 2021

CIL may also go ahead with one billion tonnes agenda.

Centre tells Dish TV to pay ₹4,164-cr. fee

The company has been told to pay the amount towards licence fee from the date of issuance of DTH licence till the financial year 2018-19.

Nine in 10 employees in India ready for long-term ‘work from remote’: Dell study

‘Blurring of boundaries between personal, work lives is a concern’

National Textile Corporation to reopen mills in phases

‘Mills selected for operation based on cash profitability’

‘Independent directors not really independent’

Retail shareholders flag worry: survey

Russia backs increase in oil output by OPEC+ from Feb.

Price of $45-$55 optimum, allows for production boost: Novak

Commerce Ministry for extension of anti-dumping duty on carbon black used in rubber industry

The directorate has recommended two duties, USD 494 per tonne for imports coming from China and USD 36.17 per tonne from Russia. The finance ministry takes the final decision to impose this duty.

FASTag collection crosses ₹80 crore a day

Over 2.20 crore FASTag have been issued so far.

IKEA India FY20 loss widens to ₹ 720 cr; net sales up 64.7% at ₹ 566 cr

“We are in the initial years of operations in the country.”

India should now aggressively pursue FTAs with EU, U.K.: Trade experts

Although it is premature to assess the gains for India from the agreement between European Union (EU) and the U.K., Indian goods would not get much benefit from this pact, they said.

Reliance to buy out IMG Worldwide from sports management JV

The nation’s biggest company by market value, in a stock exchange filing, said it will buy IMG Worldwide’s 50 % stake in IMG-Reliance Ltd (IMG-R) for no more than ₹ 52.08 crore in cash.

IOC to buy 15 hydrogen buses for Delhi

The company is also setting up a facility at its Research and Development (R&D) centre at Faridabad to produce hydrogen to run the buses.

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Protesting farmers clash with securitymen during their tractor rally near Nagloi in New Delhi on January 26, 2021.

28K | R-Day farmers tractor rally live updates | Samyukt Kisan Morcha calls off rally with immediate effect

Reliance Industries Chairman Mukesh Ambani. File photo

24K | Indian billionaires increased their wealth by 35% during the lockdown, says Oxfam report

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

22K | List of Padma awardees — 2021

Vijay and Vijay Sethupathi in ‘Master’

14K | Vijay-starrer 'Master' to release on Amazon Prime Video on January 29

A file photo of the murdered siblings with their parents.

14K | Madanapalle double murder: Police looking into possible occult practices by the family

A Nishan Sahib flag is hoisted on the flagstaff of the Red Fort as the protesting farmers entered the complex in New Delhi on January 26, 2021.

14K | Farmers’ protests | Union leaders play blame game, vow to continue protest

The Camel Contingent of Border Security Force take part at Republic Parade.

12K | Republic Day 2021: India's heritage, diversity, military might at display at Rajpath

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.

10K | V.K. Sasikala released from prison after serving 4-year jail-term

The Income Tax department searched Paul Dhinkaran’s residence and official premises on January 20

8K | I-T raids on Paul Dhinakaran expose ₹120 crore of unaccounted income