BUSINESS
HDFC Bank sets up isolation centres for Covid-affected employees
Immediate medical help from a nearby hospital will be made available, if required, it said, adding that these are part of a host of measures taken to offer holistic care to its employees and their dependents.
CAIT seeks action against Amazon, Flipkart over non-essential supplies
"They have now started taking undue advantage of the pandemic by making illegitimate financial gains by supplying non-essential items which have been strictly prohibited by many state administrations due to ongoing lockdowns to prevent the spread of Covid-19," said the letter written by CAIT Secretary General Praveen Khandelwal.
Kia Motors India is now Kia India
"This is a proud and historic moment for us as India becomes the first country to transition to the new brand identity after our headquarters in South Korea. Our decision to increase the production capacity stems from our deep customer understanding where a faster delivery of our products can enhance their buying experience tremendously," said Kookhyun Shim, Managing Director and Chief Executive Officer, Kia India.
Lenskart acquihires DailyJoy, to hire over 100 in 6 months
The Hyderabad tech-hub will provide employment in various teams across product, design and development, quality engineering, front end developers, java developers, android and IOS developers and data science engineers. The aim is to deliver world-class engineering solutions to support Lenskart in expanding its footprint both at home and abroad.
Maruti Suzuki's standalone Q4FY21 net profit down 9.7%
The automobile major cited lower non-operating income owing to mark-to-market loss on invested surplus as one of the key reasons for the decline. However, during the quarter, the company's net sales increased by 33.6 per cent to Rs 22,958.6 crore compared to the same period previous year.
Banks require prior RBI nod for appointment of statutory auditors
The RBI on Tuesday issued of guidelines for appointment of statutory central auditors (SCAs) and statutory auditors (SAs) of commercial banks, excluding regional rural banks, UCBs and NBFCs, including Housing Finance Companies.
Apple captures 48% share in India premium phone market in Q1
Apple maintained its leading position in the India premium smartphone market with nearly 48 per cent share in the first quarter of 2021, according to a new report. Apple witnessed a massive 207 per cent growth (year-on-year) in India in Q1 2021, continuing to carry forward its momentum in the January-March period this year.
Bezos' Blue Origin slams NASA for giving Musk a $2.9B contract
The US space agency was expected to pick two lunar lander prototypes (including one of Blue Origin's) but funding cut from US Congress led the agency to select SpaceX over Blue Origin. In a 175-page protest, Blue Origin has accused NASA of misjudging several parts of its proposal for its lunar lander called Blue Moon, reports The Verge.
Tesla logs $10.4B in sales in Q1 2021, makes $101M in Bitcoin
In its quarterly earnings presented late on Monday, Tesla reported it produced 180,338 vehicles in Q1 and delivered 184,777 vehicles. "In Q1, we achieved our highest ever vehicle production and deliveries. This was in spite of multiple challenges, including seasonality, supply chain instability and the transition to the new Model S and Model X," the company said in a statement.
Sensex up 300 points, metal stocks rise
Healthy buying was witnessed in metal and telecom stocks. Around 10.05 a.m., Sensex was trading at 48,703.10, higher by 316.59 points or 0.65 per cent from its previous close of 48,386.51. It opened at 48,424.08 and has so far touched an intra-day high of 48,710.89 and a low of 48,399.53 points.
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