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

HDFC Bank’s tech glitch under Reserve Bank lens

Special Correspondent Team from RBI looking into issue: Jain

Representational image.

Uber says it received more than 3,000 reports of sexual assault in U.S. in 2018

Reuters Sexual assault and other threats have been a concern broadly for the fast-growing ride-services industry around the world.

2hrs

Cybersecurity: Wipro plans units in Australia

Special Correspondent Tech major Wipro is planning to open NextGen Cyber Defence Centres (CDCs) in various Australian cities to offer cyber resilience and digital protection services to large government organisations in the country. As a precursor to this, Wipro has set up a CDC in Melbourne. The company said it would make substantial investments in the centre to upskill its employees and also to increase the number of its local recruitment. The centre will employ 100 cyber security specialists. The centres would

CPPIB to invest $600 mn via NIIF

Special Correspondent NIIF Master Fund now has $2.1 billion in commitments

Other Articles

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Mahindra & Mahindra profit skids 26.5% to ₹1,213 crore

Moody’s downgrades outlook for oil PSUs, financial institutions

MRF to raise ₹102 crore via debenture route

Ashok Leyland net dips

PVR makes foray into Sri Lanka, opens 9-screen multiplex

RBI to probe IDBI breach of client privacy

Raymond to demerge lifestyle unit

Move will simplify group structure, says the company

Qatar Airways says keen on stake in IndiGo

QA enters into codeshare agreement with the budget airline, says not interested in Air India

IT firms may let go of 5-10% of mid-level workforce: ex-Infosys CFO

Former Infosys Chief Financial Officer V. Balakrishnan says that IT companies must hire employees who understand new technology

Cognizant says it will hire over 23,000 students in 2020

Announcement comes at a time when Cognizant has said that it would be cutting as many as 7,000 jobs in the next few quarters

IRDAI cracks down on Reliance Health

Regulator asks health insurer to stop selling policies over solvency worries

Mercedes-Benz rolls out V-Class Elite at ₹1.10 crore

The multi-purpose vehicle is equipped with seats with massaging function, climate control, remote-controlled door and 15-speaker surround sound system

Centre clears ₹25,000-crore fund to help housing sector

Centre, SBI and LIC to pool funds.

Tata Steel net rises 6% on tax gain

Firm’s revenue, however, drops by over 15% to ₹34,579 crore on fall in steel prices

IT employees union UNITE warns firms on workforce reduction

“This act of the IT majors Cognizant, Infosys and Capgemini is against the law of the land and it is illegal. But the government of India and Tamil Nadu are indifferent to these practices,” Union of IT and ITES Employees (UNITE) said.

Speculations of co-founders’ role in whistleblower complaints appalling: Infosys

Chairman Nandan Nilekani said the co-founders have served the company “selflessly” and remain committed to the long-term success of the company

BSNL rolls out VRS scheme; nearly one lakh employees eligible

“This is the best VRS given by the government and BSNL employees should see it in a positive frame of mind,” says BSNL CMD P K Purwar.

US telecom regulator approves T-Mobile/Sprint merger

The companies have said they would not finalise the deal until an antitrust challenge from more than a dozen US states is resolved.

Honda eyes fun bikes segment in India

To unveil phase II of premium bikes in BS-VI era, open 100 dealer networks

Exporters, industry laud India’s decision to pull out of RCEP

‘Reflects majority of stakeholders’ views’

Government, RBI working on realty reforms: FM

‘Sector being given much importance due to its spillover effect; alternative funds keen to work with it’

Kone Elevator opens ₹450-crore facility

The new unit will cater to domestic and export markets

Wheels India net rises 26%

‘Auto slowdown offset by growth in industrial components’

Sundram Fasteners profit dips 36% on lower sales

Lower production dents revenue

Ashok Leyland showcases BS VI trucks and buses

Vehicles to be rolled out from January 1, 2020

No prima facie evidence in whistle-blower plaint: Infosys

IT major’s shares surge up to 6% after it cites absence of supporting proof

LIC allows revival of lapsed policy of over 2 years

Earlier, all policies taken after January 1, 2014 could not be revived if they remained in lapsed condition for a period exceeding two years.

Infosys says no prima facie evidence against complaints made by whistleblower, stock gains

Infosys said last month that the U.S. Securities and Exchange Commission had launched a probe into whistleblower claims that the software services firm used “unethical practices” to boost revenue and profit

Aramco kick-starts initial public offering

But in its long-awaited announcement, Aramco, the world's most profitable company, offered few specifics on the number of shares to be sold, pricing or the date for a launch.

Alerted Indian govt. of spyware attack in September, says WhatsApp

IT Ministry says past information was inadequate and incomplete, according to sources

Telco bailout will be contempt of SC; will set bad precedent: Jio to Prasad

“Waiving of interest and penalty on due amounts of the past 14 years will be violative of the judgement.”

Indian ships to ban potato chips bags, bottles, other single-use plastics on board from Jan. 1

The decision has been taken by the Directorate General of Shipping following an appeal by Prime Minister Narendra Modi on August 15 to “take the first big step” towards freeing India of single-use plastics

Why is the telecom sector under stress?

Why has the Supreme Court order backing the Department of Telecom’s definition of adjusted gross revenue hit the telcos?

‘Focus on enforcing contracts, land administration’

Higher you go, more difficult it is to improve: World Bank’s Croci on India eyeing top 50 for Doing Business

‘Relaxed norms may boost tea tourism’

West Bengal allows 15% of land in a tea garden to be used for economic activities

‘Reliance digital push a bid to lure buyers’

‘Reliance Jio will be an ideal opportunity for the U.S. telecommunications majors to enter India’

China’s Fosun group to buy Thomas Cook for £11 million

The assets include trademarks, domain names, software applications and licences of the British travel firm and related hotel brands

Ola, Uber say no to peak pricing during odd-even scheme in Delhi

Wanted to support Delhi government’s initiative to curb pollution, the cab aggregators say

TRAI fixes ring timings for mobiles, landlines

Users will have 30 seconds to answer a call

Festive season brings cheer for automobile sector

Automakers see higher month-on-month sales in October aided by discounts; consumers buy more washing machines, refrigerators and TVs

Income Tax Department cancels registration of six Tata Trusts

Gave up registration voluntarily in 2015, say the Trusts; “This means a loss of thousands of crores as all Tata Sons profits were given to Tata Trusts as dividends”.

Google to buy Fitbit for $2.1 bn

Qatalyst Partners LLP acted as financial adviser to Fitbit, while Fenwick & West LLP was its legal adviser.

TVS Motor sales down 18.8% in October

The company had sold 3,98,427 units in the same month last year, TVS Motor Company said in a statement

IndiGo asked to replace both engines on 40% of its planes in the next 90 days

Aviation safety watchdog DGCA has said IndiGo will have to equip 23 planes with one modified engine by November 19

Maruti Suzuki October sales up 4.5% at 1,53,435 units

The company had sold 1,46,766 units in October last year, Maruti Suzuki India (MSI) said in a statement

India manufacturing activity growth drops to 2-year low in October: Report

Factory orders and production rose at the weakest rates for two years.

Vodafone-Idea stock surges 23% as company clears the air on exiting Indian market

The stock rose to ₹4.80 on the NSE.

Pompeo awarded Pepsico India for saving over 17 billion litres of water

Established in 1999, the ACE recognizes US companies that promote and uphold high standards as responsible members of their communities where they do business.

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Policemen at the spot where all the four accused in the vet rape and murder case was shot dead at Chatanpally, near Hyderabad, early Friday.

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File photo of Democratic presidential candidate Sen. Kamala Harris.

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