Industry News, Company News, Manufacturing News, Service Sector

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Industry

Wheels India net rises 26%

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.

WagonR, Santro score poorly in crash tests

Global NCAP gives models 2-stars only

Facebook won’t ban political advertisement

Stating that ads are an important “voice” — especially for candidates and advocacy groups — founder Mark Zuckerberg asserted the company’s stance was not aimed at driving revenues

Boeing says up to 50 planes grounded globally over cracks

Boeing had previously reported a problem with the model’s “pickle fork” — a part which helps bind the wing to the fuselage — prompting U.S. regulators to order immediate inspections

Vodafone Idea plummets over 9% to hit 52-week low

Shares of Vodafone Idea on Thursday fell over 9% in early trade after Care downgraded its rating citing the recent Supreme Court ruling on adjusted

UBI net at ₹124 cr. as bad loans drop

Net non-performing assets fall to 7.88% in Q2 from 14.36%

Reliance Jio, COAI lock horns over ‘telecom crisis’

Telco against any bailout package for rivals

Fiat Chrysler and Peugeot confirm talks over potential $50 billion tie-up

Fiat Chrysler and Peugeot owner PSA are in talks over a potential tie-up that could create a $50 billion giant better placed to tackle a host of

Petronet LNG shares surge 7% after September quarter results

Net profit in July-September at ₹1,089 crore was 90% higher than ₹572.89 crore net profit in the same period.

Amazon pumps in more than 45 billion rupees into India units

Amazon.com Inc has invested around ₹45 billion into its Indian subsidiaries as the Seattle-based e-commerce giant ramps up operations in one of its

Petronet profit nearly doubles on lower tax

Petronet LNG Ltd. on Tuesday reported a near doubling of net profit in September quarter as it derived benefit of lower corporate tax rate. Net

LMW to make machinery for Japan’s DMG Mori

Company to produce about 10 units a month initially

Automobile sales witness Diwali boom

Up to 50% jump in PV retail sales in festival season was driven by discounts

Bharti Airtel defers Q2 results on AGR issue

In a communique to the stock exchanges, the company said that it was approaching the Department of Telecom to seek “clarity on the total amounts involved”

IndiGo places order for 300 A320neo Family aircraft worth $33 billion

This marks one of Airbus’ largest aircraft orders ever with a single airline operator

Replace PW engines of 13 A320Neo aircraft within 15 days: DGCA to GoAir

On October 28, the DGCA asked IndiGo to replace 16 A320Neo aircraft’s PW engines, which have been used for more than 3,000 hours.

U.S. regulator to bar China’s Huawei and ZTE from government subsidy program

The Federal Communications Commission also plans to propose requiring those carriers to remove and replace equipment from such designated companies

IndiGo close to mammoth 300-plane Airbus deal - sources

The budget airline is putting the finishing touches on an order that would include Airbus's newest jet, a long-range version of the single-aisle A320 type called the A321XLR

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