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HDFC Bank, Dr. Reddy's Labs, Wipro in spotlight


HDFC Bank reported 18.1% rise in net profit to Rs 8,758.29 crore on 4.1% increase in total income to Rs 37,522.92 crore in Q3 FY21 over Q3 FY20. Net interest income for the quarter ended 31 December 2020 grew by 15.1% to 16,317.6 crore from 14,172.9 crore for the quarter ended 31 December 2019, driven by advances growth of 15.6%, and a core net interest margin for the quarter of 4.2%.
HDFC Bank said that the impact of COVID-19, including changes in customer behaviour and pandemic fears, as well as restrictions on business and individual activities, has led to significant volatility in global and Indian financial markets and a significant decrease in global and local economic activity, which may persist. While there has been a gradual pickup in economic activity since the easing of lockdown measures, the continued slowdown led to a decrease in loan originations, the sale of third-party products, the use of credit and debit cards by customers and the efficiency in collection ef ....

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BEML unveils driverless metro car for MMRDA - The Hindu BusinessLine


BEML unveils driverless metro car for MMRDA
January 15, 2021
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BEML, a defence public sector equipment manufacturer under the Ministry of Defence (MoD), on Friday unveiled ‘Driverless Metro Car’ for Mumbai Metropolitan Region Development Authority (MMRDA).
Defence Minister Rajnath Singh unveiled ‘Driverless Metro Car’ at a function held at BEML’s Bangalore Complex. Singh also virtually launched the Aerospace Assembly Hangar, situated within BEML’s Bangalore Complex, and unveiled the first indigenously manufactured Tatra Cabin by BEML.
He also inspected the Rail Hangers, the array of BEML equipment on display (Defence & Aerospace, Mining & Construction, and Rail & Metro Divisions), and the newly launched Industrial Design Centre. ....

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Rajnath Singh unveils India's first indigenously developed Driverless metro car


Rajnath Singh unveils India s first indigenously developed Driverless metro car
India
Updated: Friday, January 15, 2021, 23:37 [IST]
Bengaluru, Jan 15: Defence Minister Rajnath Singh on Friday unveiled the country s first indigenously designed and developed Driverless Metro Car at the BEML manufacturing facility in Bengaluru.
Rajnath Singh
The minister, who visited the facility, said he was proud of the good work the team of engineers and technicians are doing at Bengaluru-headquartered BEML.
They are the real warriors of Atmanirbhar Bharat, taking India ahead , he said.
According to BEML, state-of-the-art driverless metro cars, being manufactured at the company s Bangalore Complex, are made up of stainless-steel body with a capacity of carrying 2280 passengers in six-cars Metro train-set. ....

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