Tag Archives: Industries

BT Buzz: Jobs outlook dampens across industries as slowdown bites

Jobs are in distress. More than any secular trend – such as automation – it is the slump in credit growth and consumption that has now dampened prospects for employment across many industries. While job losses in India’s automobile industry has been the most talked about, things aren’t looking any better in real estate, in some segments of electronics, and ... Read More »

Job cuts continue in auto, ancillary sectors; IT, BPO industries hire more

Auto and ancillary sectors saw a 17% dip in jobs in July 2019 (Image: Reuters) The ongoing economic slowdown has hit employment in key industries such as automobiles and ancillaries, but it’s the IT and BPO sectors which offer some silver lining to those seeking jobs. While the IT industry has been the ruling employment provider for some months now, ... Read More »

Mandhana Industries Surges 62% in 3 Days. Salman Khan Connection Helps

Mandhana Industries shares surged as much as 20 per cent to its maximum intraday limit of Rs. 41.55 on Thursday, extending its rally to third straight day. Including today’s gains the stocks has surged 62 per cent in last three trading sessions. The gains in the shares of Mandhana Industries follow a block deal on Tuesday and listing of the ... Read More »

Reliance Industries Partners Consider Joining Arbitration In $1.55 Billion Gas Row

New Delhi: Reliance Industries’ partners are considering joining the arbitration that the Mukesh Ambani-run firm is planning to initiate against the government for slapping a $1.55 billion demand for “unfairly enriching” by producing natural gas belonging to Oil and Natural Gas Corporation (ONGC). Calgary-based Niko Resources Ltd, which holds a 10 per cent interest in Reliance Industries-operated KG-DWN-98/3 or KG-D6 ... Read More »

Penalty Of $1.55 Billion On Reliance Industries Exaggerated: Brokerages

New Delhi: A penalty of $1.55 billion slapped by the government on Reliance Industries for producing Oil and Natural Gas Corporation’s natural gas is “grossly exaggerated”, brokerage firms said on Monday. Citi Research said it had expected that Reliance Industries’ liability should be limited to the net cumulative EBIT earned by it from the disputed volumes, which it had estimated ... Read More »

Minda Industries Buys Lighting Business of Spain’s Rinder Group

New Delhi: Auto components manufacturer Minda Industries has acquired Spain-based Rinder Group’s global automotive lighting business for 20 million euros (over Rs 145 crore). The acquisition includes 100 per cent equity holding in Rinder India, Spain-based Light Systems and Technical Center, along with 50 per cent stake in Rinder Riducu, Colombia. “This acquisition will give us immense advantage technology wise ... Read More »