business and finance IOC Q2 net profit slumps 98% on fall in refining, fuel margin By www.thehindu.com Published On :: Mon, 28 Oct 2024 19:28:59 +0530 IOC and other state-owned fuel retailers — HPCL and BPCL — had last year made extraordinary gains from holding petrol and diesel prices despite a drop in cost. Full Article Industry
business and finance India’s IT services market grew 6.1% in 2023, reaching a size of $14.5 bn: International Data Corporation By www.thehindu.com Published On :: Mon, 28 Oct 2024 22:32:07 +0530 While IT investments showed a slower recovery compared to the previous year, digital transformation (DX) initiatives and IT environments would continue to drive market growth Full Article Business
business and finance IT Minister Nara Lokesh calls on Microsoft CEO Satya Nadella, other tech CEOs in U.S. By www.thehindu.com Published On :: Tue, 29 Oct 2024 13:19:34 +0530 IT Minister Nara Lokesh, during his interactions with tech CEOs in the U.S., projected the State Government’s vision of Andhra Pradesh becoming a technology hub Full Article Andhra Pradesh
business and finance Maruti Suzuki Q2 net profit falls 17% to ₹3,069 crore By www.thehindu.com Published On :: Tue, 29 Oct 2024 16:23:44 +0530 Maruti Suzuki India Ltd. reports 17% drop in net profit due to tax changes, plans amalgamation with subsidiary Full Article Industry
business and finance Sensex, Nifty rise on buying in bank stocks, positive global cues By www.thehindu.com Published On :: Tue, 29 Oct 2024 16:55:09 +0530 Equity indices Sensex and Nifty rise on fag-end buying, global market trends, and institutional investors’ support Full Article Industry
business and finance Oil firms hike commission paid to dealers, no rise in fuel prices By www.thehindu.com Published On :: Wed, 30 Oct 2024 03:21:00 +0530 Petrol and diesel prices will come down in States such as Odisha, Chhattisgarh, and Himachal Pradesh due to a rationalisation of intra-state freight. Oil Minister Hardeep Singh Puri welcomes move. Full Article Industry
business and finance Nara Lokesh meets Amazon Web Services MD Rachel Skaff and Indra Nooyi, among others, in Las Vegas By www.thehindu.com Published On :: Wed, 30 Oct 2024 12:14:10 +0530 Nara Lokesh seeks investments from Amazon Web Services and Salesforce for AI and technology development in Andhra Pradesh Full Article Andhra Pradesh
business and finance U.S. faces shortage of IV fluids, India alerts domestic firms to chip in By www.thehindu.com Published On :: Wed, 30 Oct 2024 14:09:03 +0530 The drug exporters body of India has asked Indian drug makers who have approvalsz, to express their willingness to supply to the U.S., where Hurricane Helene has caused damage to a manufacturing facility Full Article Health
business and finance Sugar sector demands hike in sale price and ethanol prices By www.thehindu.com Published On :: Wed, 30 Oct 2024 14:36:13 +0530 The Minimum Sale Price (MSP) of sugar should be increased to ₹39.14 a kg for the sugar season 2024-2025 from ₹31 a kg that was fixed in 2019 Full Article Industry
business and finance Castrol India names Kedar Lele as its new MD By www.thehindu.com Published On :: Wed, 30 Oct 2024 14:58:45 +0530 Castrol India appoints Kedar Lele as new Managing Director, bringing vast experience from Hindustan Unilever to drive growth Full Article Industry
business and finance Dabur Q2 profit down 17.6% to ₹417.5 cr impacted by inflation, squeeze in urban demand By www.thehindu.com Published On :: Wed, 30 Oct 2024 22:12:06 +0530 The company had posted a net profit of ₹507.04 crore in the July-September quarter a year ago, Dabur India said in a regulatory filing Full Article Industry
business and finance Sensex, Nifty decline in early trade on unabated foreign fund outflows, selling in IT stocks By www.thehindu.com Published On :: Thu, 31 Oct 2024 10:34:03 +0530 The Sensex and Nifty fall due to IT stocks and foreign fund outflows; Larsen & Toubro gains, U.S. markets close negative Full Article Industry
business and finance HDFC Bank unit HDB Financial Services files with SEBI for ₹12,500 crore IPO By www.thehindu.com Published On :: Thu, 31 Oct 2024 18:18:43 +0530 The Public Offer Includes a reservation of Equity Shares for subscription by Eligible Employees and a reservation Equity Shares of Face Value of ₹10 each for subscription by eligible HDFC Bank shareholders Full Article Industry
business and finance Mahindra October auto sales up 20% YoY to 96,648 units; SUV sales up 25% By www.thehindu.com Published On :: Fri, 01 Nov 2024 10:42:07 +0530 Including exports, the total SUV sales were 55,571 units. The domestic sales for Commercial Vehicles stood at 28812 units Full Article Industry
business and finance Royal Enfield October sales up 31% to 1,10,574 units By www.thehindu.com Published On :: Fri, 01 Nov 2024 11:32:36 +0530 The company exported 8,688 motorcycles during the month Full Article Industry
business and finance High-value debt listed entities: SEBI proposes doubling threshold to ₹1,000 crore By www.thehindu.com Published On :: Fri, 01 Nov 2024 11:35:04 +0530 Further, SEBI has proposed tweaking framework for ESG Rating Providers, particularly for those using a subscriber-pays model Full Article Business
business and finance Lower sales realisation hit margins of cement makers in Q2 By www.thehindu.com Published On :: Sun, 03 Nov 2024 12:49:41 +0530 Industry observers said the increase in sales volume of UltraTech and Ambuja Cements is mainly due to the several acquisitions by both companies that consolidated their position further in the industry Full Article Industry
business and finance Government infuses ₹1,650 crore in Rashtriya Ispat Nigam Limited By www.thehindu.com Published On :: Sun, 03 Nov 2024 13:27:44 +0530 “SBICAPS, a wholly-owned subsidiary of the State Bank of India, is preparing a report on the sustainability of RINL,” a press note said Full Article Industry
business and finance NTPC, ONGC green arms form 50:50 JV for renewable energy play By www.thehindu.com Published On :: Mon, 04 Nov 2024 13:17:59 +0530 “The JVC will also seek opportunities to acquire renewable energy assets and will also consider participation in upcoming offshore wind tenders in Tamil Nadu and Gujrat,” a statement said Full Article Industry
business and finance Maruti opens bookings for fourth generation Dzire By www.thehindu.com Published On :: Mon, 04 Nov 2024 14:56:07 +0530 “By combining advanced powertrain options with thoughtfully curated features, the All-New Dzire is poised to deliver an exceptional experience,” an official said Full Article Industry
business and finance India becoming part of global drug development operation of BMS: Samit Hirawat By www.thehindu.com Published On :: Mon, 04 Nov 2024 18:53:28 +0530 Samit Hirawat discussed India’s growing significance as a site for clinical trials, innovations in drug development, and how technology is poised to help bring new products to market faster Full Article Industry
business and finance SEBI directs Embassy Office Parks to suspend CEO By www.thehindu.com Published On :: Tue, 05 Nov 2024 11:34:17 +0530 Embassy REIT is India's first publicly listed Real Estate Investment Trust Full Article Industry
business and finance L&T, E2E Network form alliance for deployment of Gen AI solutions in India By www.thehindu.com Published On :: Tue, 05 Nov 2024 14:41:59 +0530 “The partnership is a significant step towards adoption of GenAI solutions in India to foster a fundamental shift in the way Accelerated Computing on Cloud is used by Indian organisations,” the companies said Full Article Industry
business and finance Noel Tata appointed to Tata Sons board By www.thehindu.com Published On :: Tue, 05 Nov 2024 15:24:55 +0530 The move follows Noel Tata's appointment last month as the chairman of the powerful and influential philanthropic arm of the Tata group, called Tata Trusts Full Article Industry
business and finance Boeing factory strike ends as workers vote to accept contract By www.thehindu.com Published On :: Tue, 05 Nov 2024 15:48:07 +0530 Boeing factory workers end strike with contract approval, securing wage increase and resuming production Full Article Industry
business and finance Southwest Airlines names IndiGo co-founder Rakesh Gangwal as Chairman By www.thehindu.com Published On :: Tue, 05 Nov 2024 16:31:04 +0530 On November 4, Southwest announced the appointment of Mr. Gangwal as the independent Chair of the Board of Directors and also named new Board Committee Chairs. Full Article Industry
business and finance Solar cell manufacturing to outstrip global demand by 2024: report By www.thehindu.com Published On :: Wed, 06 Nov 2024 04:03:00 +0530 The sector experienced huge growth in 2023 with solar cell, wafers and modules capacity nearly doubling in comparison with the previous year, says World Solar Market Report 2024 Full Article Industry
business and finance Automobile retail sales witness 64% growth in October: FADA By www.thehindu.com Published On :: Wed, 06 Nov 2024 10:31:24 +0530 The convergence of major festivals (Navratri & Diwali) in October significantly boosted consumer demand, FADA said. Full Article Industry
business and finance Royal Brunei Airlines begins direct flights to Chennai By www.thehindu.com Published On :: Wed, 06 Nov 2024 13:03:21 +0530 Chennai will be the carrier’s sole destination in India Full Article Chennai
business and finance Macrotech Developers to acquire Bain Capital’s stake in three digital infra platform entities for ₹307 crore By www.thehindu.com Published On :: Thu, 07 Nov 2024 11:42:32 +0530 The entities include Bellissimo Digital Infrastructure Development Management Pvt. Ltd., Palava Induslogic 4 Pvt. Ltd., and Bellissimo In City FC Mumbai 1 Pvt. Ltd., facilitated through Securities Purchase Agreements (SPAs). Full Article Business
business and finance TCS signs multi year deal with Air France-KLM to modernise the airline group’s data By www.thehindu.com Published On :: Thu, 07 Nov 2024 11:59:40 +0530 Over the next three years, TCS will modernise the airline group’s data by moving it to cloud, promoting the next generation of data-driven aviation. Full Article Business
business and finance Israel signs deal to acquire 25 F-15 fighter jets from Boeing Co By www.thehindu.com Published On :: Thu, 07 Nov 2024 13:33:25 +0530 Delivery of the F-15 aircraft will begin in 2031, with 4-6 aircraft to be supplied annually Full Article World
business and finance Mahindra & Mahindra Q2 net profit rises 35% to ₹3,171 crore By www.thehindu.com Published On :: Thu, 07 Nov 2024 13:54:23 +0530 The company, consolidated revenue for the period grew 10% to ₹37,924 crore Year on Year (YoY) Full Article Industry
business and finance Fintech Progcap to digitise supply chains of MSMEs to make them part of formal economy By www.thehindu.com Published On :: Thu, 07 Nov 2024 15:38:15 +0530 Full Article Industry
business and finance ED raids offices of sellers using Amazon, Flipkart platforms in FEMA probe By www.thehindu.com Published On :: Thu, 07 Nov 2024 15:44:36 +0530 Amazon and Flipkart have for years faced allegations from Indian brick-and-mortar retailers that they violate foreign investment rules by working with select preferred sellers Full Article Industry
business and finance Trent Ltd Q2 net profit surges 44% to ₹339 crore By www.thehindu.com Published On :: Thu, 07 Nov 2024 15:57:58 +0530 Consumer sentiment has remained relatively muted says Chairman Noel N Tata Full Article Industry
business and finance In a win for Elon Musk, Scindia says no to spectrum auction pitch from Ambani, Mittal By www.thehindu.com Published On :: Thu, 07 Nov 2024 16:01:39 +0530 Elon Musk's Starlink and global peers like Amazon's Project Kuiper back an administrative allocation of spectrum for satellite broadband Full Article Industry
business and finance SBI Q2 net profit jumps 23% to ₹19,782 cr By www.thehindu.com Published On :: Fri, 08 Nov 2024 14:53:44 +0530 The consolidated net profit for the corresponding period last year stood at ₹16,099 crore. Full Article Industry
business and finance Tata Motors Q2 consolidated net profit declines 11% to ₹3,343 crore By www.thehindu.com Published On :: Fri, 08 Nov 2024 16:43:46 +0530 The company had posted a consolidated net profit of ₹3,832 crore in the same quarter of the last fiscal, Tata Motors said in a regulatory filing. Full Article Industry
business and finance Tea industry calls for scientific quality grading of tea By www.thehindu.com Published On :: Fri, 08 Nov 2024 22:26:42 +0530 During the 141 th AGM of Indian Tea Association, the stakeholders of tea industry highlighted the challenges faced by the industry which included the “unsustainable increase in costs” amidst “unremunerative prices” with “adverse weather conditions across Assam and Bengal” further aggravating the situation. Full Article Industry
business and finance Ratan Tata’s absence deeply felt across the world, writes PM Narendra Modi By www.thehindu.com Published On :: Sat, 09 Nov 2024 10:26:23 +0530 He wore his achievements lightly, with humility and kindness. Full Article India
business and finance Singapore Airlines to invest additional ₹3,195 crore in Air India post-Vistara merger By www.thehindu.com Published On :: Sun, 10 Nov 2024 13:59:10 +0530 Full-service carrier Vistara, which started flying on January 9, 2015, is a joint venture between Tatas and Singapore Airlines, where the latter holds a 49% shareholding Full Article Industry
business and finance On improving wind energy generation | Explained By www.thehindu.com Published On :: Mon, 11 Nov 2024 08:30:00 +0530 What is Tamil Nadu’s wind power capacity? What about national wind energy capacity? What does repowering and refurbishing of wind turbines mean? Why are wind energy generators opposing the new policy of the Tamil Nadu government? Full Article Industry
business and finance Maruti Suzuki introduces All New Dzire at ₹6.79 lakh By www.thehindu.com Published On :: Mon, 11 Nov 2024 16:08:51 +0530 So far over 27 lakh Dzire cars had been sold in India since its introduction in 2008. Full Article Industry
business and finance Vedanta plans to invest $500 million in group firm AvanStrate Inc. By www.thehindu.com Published On :: Mon, 11 Nov 2024 16:47:49 +0530 “This investment is aimed at driving innovation and expansion within ASI, strengthening its focus on R&D,” the company said Full Article Industry
business and finance Ambuja Cements seeks CCI nod to acquire majority stake in Orient Cement By www.thehindu.com Published On :: Mon, 11 Nov 2024 17:53:40 +0530 Assuming full acceptance of open offer, the stake of Ambuja Cements will stand at 72.8%, said a notice filed with the CCI on Friday Full Article Industry
business and finance LTTS to acquire California firm Intelliswift for an aggregate consideration of $110 million By www.thehindu.com Published On :: Mon, 11 Nov 2024 19:22:34 +0530 As per the filing, Intelliswift services four of the top five hyperscalers and caters to over 25 Fortune 500 companies including five of the top 10 ER&D spenders in Software and Technology Full Article Industry
business and finance Amul to enter Europe by end of this month: MD By www.thehindu.com Published On :: Tue, 12 Nov 2024 02:23:00 +0530 The company will launch the products in Spain first and then look at expanding to other countries in Europe Full Article Industry
business and finance Travel brand Cox & Kings returns under the ownership of PE firm Wilson & Hughes Pte By www.thehindu.com Published On :: Tue, 12 Nov 2024 12:13:17 +0530 Acquired through its Indian subsidiary, Wilson & Hughes PTE, has exclusively acquired the brand Cox & Kings along with over 200 plus specialised sub-brands that were part of its portfolio. Full Article Business
business and finance Air India-Vistara merger complete; integrated entity to operate over 5,600 weekly flights By www.thehindu.com Published On :: Tue, 12 Nov 2024 15:45:53 +0530 With the merger, Singapore Airlines will have a 25.1% stake in the enlarged Air India. Vistara was a joint venture between Tatas and Singapore Airlines. Full Article Industry