Industry News, Company News, Manufacturing News, Service Sector - The Hindu- Page 6

A labourer works at a roadside coal depot at Khliehriet in Meghalaya.

CIL gets green nod for 17 mining projects: Coal Minister

PTI CIL will further produce one billion tonnes of coal by FY2024.

5hrs

Coal India output in January rises 10.7%

PTI “Coal India Ltd (CIL) clocked double-digit growth of 10.7% in coal production.”

4hrs

Guenter Karl Butschek with Shailesh Chandra, president - Electric Mobility Business, Tata Motors. Paul Noronha

Tata Motors launches Nexon EV at starting price of ₹13.99 lakh

PTI Tata Motors plans to launch four more electric vehicle (EV) models, including two SUVs, one hatchback and one sedan in the next 24 months.

HDFC net zooms fourfold on valuation gains

Special Correspondent Loan book crosses ₹5 lakh crore for first time; board approves fund raising of ₹45,000 crore via NCDs

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LIC expects to achieve policy sale, first premium targets

Telecom body defers zero IUC by a year

Retail loans to double to ₹96 lakh cr. by 2024, shows ICICI Bank-Crisil study

Govt. aims to provide broadband access to all villages by 2022

Six paise per min charge on outgoing calls to other networks extended till Dec 2020: TRAI

Govt to go slow on FTAs to avoid RCEP-like impasse: Piyush Goyal

Apple Arcade annual plan now at ₹999 in India

At present, Indian users pay ₹99 a month for the service, which equals to ₹1,188 annually, but with the new annual plan, users will pay ₹83.25 monthly.

Apple kills Rewound app that turns iPhone into classic iPod

Rewound app lets people customize their iPhones to look like a 2000s era MP3 player.

RBI asks banks to waive NEFT charges

The Reserve Bank of India has asked all the banks to waive charges levied for National Electronic Funds Transfer (NEFT) for online transactions, with

Equitas SFB files draft papers for IPO

Equitas Small Finance Bank has filed draft red herring prospectus with markets regulator SEBI for its initial public offering (IPO).The IPO comprises

U.K. HC rejects plea against Anil Ambani

The U.K. High Court has dismissed summary judgement application of a $680 million claim raised by Chinese banks against industrialist Anil Ambani.

BYD plans to make India a hub for S. Asia business

Chinese firm plans to treble lithium-ion battery capacity, deepen presence in electric mobility in India

Legacy arms help Air India in cruising through steep financial headwinds

Airline able to meet operational expenses

RBI kept out Muslim long-term visa holders from property-buying right

2018 circular extended benefits to minorities from countries mentioned in CAA

Brookfield buys Jio tower arm for ₹25,215 cr.

Units to be issued by Tower infra trust

ArcelorMittal, Nippon Steel complete acquisition of Essar Steel

Joint Venture to be called ArcelorMittal Nippon Steel India Limited with Aditya Mittal as its chairman.

Moneywise | 4 common financial mistakes to lookout for

Avoiding common issues early in the career will help create better financial future

Ankur Garg appointed as chief commercial officer at AirAsia India

AirAsia India on Sunday announced the appointment of Ankur Garg as its chief commercial officer (CCO), a role in which he will be in-charge of areas

No SEBI relief to lenders in Karvy matter

On December 4, the Securities Appellate Tribunal denied immediate relief to lenders who had petitioned against the transfer of securities held with Karvy Stock Broking Ltd (KSBL) back to the clients.

Awaiting right time for IPO, says Hinduja Leyland Finance CEO

‘Post DHFL issue, investor confidence has fallen’

‘Banking’ on deposits not a good idea, says this fund house

With savings accounts yielding low returns, Nippon India woos salaried class to deposit their pay with the MF for investments

Coffee Day targets ‘financial health’

Nurturing Fresh & Ground an opportunity to build national brand, interim chairman tells investors

Amazon may overtake UPS and FedEx, delivers over 2.5 billion packages a year in the U.S.

Amazon has added 15 cargo aircraft to its fleet, and aims to reach 70 planes by 2021.

29,000 Facebook Employees’ Data Stolen

Banking data of nearly 29,000 Facebook staffers stored on unencrypted hard drives has been stolen from a payroll worker’s car, the media reported.The

Nokia 2.3 to launch in India soon

Nokia 2.3 made its debut earlier this week in Cairo, Egypt. Now, the budget Nokia smartphone will be making its way to India soon. The company has

SpiceJet grounds three B737 freighter planes

SpiceJet has four freighter planes that operate on domestic as well as international routes.

Kerala to churn out 20,000 blockchain experts in next 2 years

Blockchain provides a tamper-proof immutable data storage system and transparency in digital applications.

ECB’s Lagarde sees slowdown bottoming out

Bank leaves key rates unchanged

IOC, OIL in race for Bharat Petroleum’s Numaligarh unit

Oil India already holds 26% stake in the refinery

IRDAI forms group to study loss prevention

It will also mull ways to minimise loss

Vipin Sondhi named Ashok Leyland CEO

Mandate is to drive growth, strategy

Domestic air passenger traffic grows 11% in November

Void left by Jet’s closure filled by induction of aircraft by other airlines

Wabtec opens its largest design centre in India

Firm to deliver 1,000 rail locos by 2025

Class action suit in U.S. accuses Infosys of false statements

CEO Parekh avoided standard reviews of mega deals, it says

PMC Bank depositors’ worries to be taken up with RBI: Minister

Maharashtra State Minister Jayant Patil will take up concerns of depositors with the RBI.

Parliamentary panel calls for restoration of financial credit instruments with proper safeguards

A parliamentary panel has called for restoration of financial credit instruments of Letters of Undertaking (LoU) and Letters of Comfort (LoC) but

Richard Branson to meet Uddhav to seek clarity on Mumbai-Pune hyperloop

Virgin Group founder says need to see if new govt. is as keen on project as old one

Entering commuter bike space a failure, says Mahindra

The market is dominated by Hero Motocorp and Japanese major Honda which together control close to two-thirds of the over 21-million units per annum market. Of this, Mahindra sold 4,004 units in FY19, down 73% from FY18.

Insurers may invest in debt ETFs of CPSEs: IRDAI

Funds must hold CPSE debt securities

QIA to buy 25% in Adani power distribution firm

Transaction size is ₹3,200 crore

Nod to ring-fence successful IBC suitors

Amendment to code will protect them from ex-promoters’ offences; credit guarantee scheme tweaked

Infosys gets UN award for ‘climate neutral now’ category

IT services major Infosys Ltd was presented with the United Nations Global Climate Action Award in the ‘Climate Neutral Now’ category at the UN

Hindustan Aeronautics Ltd., workers settle for 12% wage benefit/revision

The revised wages will be notified after the board of directors ratifies the MoU and a tripartite settlement is signed before labour authorities at different locations of the HAL

Qatar sovereign wealth fund QIA buys 25.1% stake in Adani Electricity Mumbai for ₹3,200 crore

AEML is the licensee for integrated power distribution.

Yes Bank shares plunge 15% on capital infusion concerns

The shares on Tuesday closed with over 10% loss amid reports the bank was likely to reject the offer of the proposed capital infusion.

Yes Bank to consider Citax’s $500 million offer

Says it is also open to other investors

Alstom India to double output by April 2020

Company says not hit by slowdown

SBI under-reported ₹11,932 crore of bad loans in FY19, finds RBI report

SBI reports ₹11,932 crore NPA divergence in FY19

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