Page 210 - Industry News
ITC's FMCG biz clocks in consumer spend of over ₹34,000 cr in FY25
Consumer spend on ITC's FMCG brands grew 4.6 per cent to over Rs 34,000 crore in FY25, with rural demand holding up despite muted growth across the broader sector
 "ITC's FMCG biz clocks in consumer spend of over ₹34,000 cr in FY25")
Summer holidays put pressure on wallets as costs increase by 25-30%
Hotel, flight rates climb over increased demand, geopolitical disruptions
 "Summer holidays put pressure on wallets as costs increase by 25-30%")
Over 99% new telecom subscribers join Reliance Jio, Airtel network in May
The overall growth in subscriber base was mitigated by loss of subscribers by debt-ridden Vodafone Idea (Vi) and public sector firms BSNL and MTNL
 "Over 99% new telecom subscribers join Reliance Jio, Airtel network in May")
ONGC contains gas leak at Assam's Rudrasagar well site on 15th day
ONGC, with support from US experts, successfully capped a gas leak at the Rudrasagar field in Assam's Sivasagar district, prompting evacuation of over 1,500 people
 "ONGC contains gas leak at Assam's Rudrasagar well site on 15th day")
Govt, industry hold talk on issues over marketing code for medical devices
Medical device companies raise issues with the DoP over UDMPMD norms related to disclosure of training expenses and restrictions on overseas training approvals
 "Govt, industry hold talk on issues over marketing code for medical devices")
ESIC approves one-time amnesty scheme to cut litigation, boost ESI
The one-time amnesty scheme and re-launch of SPREE aim to reduce litigation, promote compliance and expand ESI coverage among unregistered employers and workers
 "ESIC approves one-time amnesty scheme to cut litigation, boost ESI")
DoT proposes new cybersecurity rules to combat mobile number fraud
The Department of Telecommunications has proposed new cybersecurity rules to curb fraud by verifying mobile numbers through a new validation platform and empowering government agencies
 "DoT proposes new cybersecurity rules to combat mobile number fraud")
Northeast can be national model for sustainable mining: G Kishan Reddy
At a conclave in Guwahati, G Kishan Reddy said the Northeast can lead India's sustainable mining drive as Centre backs real-time enforcement and resource mapping
 "Northeast can be national model for sustainable mining: G Kishan Reddy")
Changing skill demands: Era of big bench strength at IT firms may be over
Companies such as Infosys, Wipro, Cognizant, and Tech Mahindra have maintained their IT utilisation rates at around 85 per cent over the past couple of years
 "Changing skill demands: Era of big bench strength at IT firms may be over")
Emerging cities, edge centres to boost data storage infra: NES Data
Mumbai and Chennai account for around 70 per cent of India's total data centre capacity, but the future of data infrastructure lies in the rise of edge and containerised data centres, they said
 "Emerging cities, edge centres to boost data storage infra: NES Data")
Govt, industry working to address rare earth magnet issues: Meity official
The technology exists to make rare earth magnets but to produce them at a commercially competitive rate is a challenge, said the official
 "Govt, industry working to address rare earth magnet issues: Meity official")
India's engineering exports see marginal decline of 0.82% in May: EEPC
According to EEPC, the share of engineering goods in the country's overall merchandise exports increased to 25.53 per cent during this period
 "India's engineering exports see marginal decline of 0.82% in May: EEPC")
Flipkart bets on livestreaming and videos to win over online shoppers
Flipkart sees video commerce as a key strategy, with two-thirds of Gen Z using videos to shop. Usage is also surging in tier-II and III cities, where video-led formats are gaining rapid traction
 "Flipkart bets on livestreaming and videos to win over online shoppers")
Women do better than men in education but don't get enough salaried jobs
The number of women in stable and salaried positions is shrinking; they are becoming dependent on informal work
 "Women do better than men in education but don't get enough salaried jobs")
DS Group's Pulse candy clocks ₹750 cr, eyes ₹1,000 cr in next two yrs
The Dharampal Satyapal (DS) group, which distributes the brand through 35 lakh distributors, now plans to expand the brand into new formats to increase the brand's penetration
 "DS Group's Pulse candy clocks ₹750 cr, eyes ₹1,000 cr in next two yrs")
GIA to expand Indian offerings, revise grading for lab-grown diamonds
GIA will stop using traditional clarity and colour scales for lab-grown diamonds and expand services in India to support rising consumer confidence in jewellery
 "GIA to expand Indian offerings, revise grading for lab-grown diamonds")
High input costs weighed on profit margins in FY25, says RBI study
The OPM of manufacturing firms moderated by 20 basis points (bps) from 14.4 in Fy24 to 14.2 per cent in Fy25
 "High input costs weighed on profit margins in FY25, says RBI study")
Will no longer continue with toll operate transfer model: Gadkari
Centre to halt toll-operate-transfer model in favour of InvITs to boost domestic participation in road monetisation and enable salaried class to invest, says Gadkari
 "Will no longer continue with toll operate transfer model: Gadkari")
Sluggish demand weighs on Indian steel sector, pulls down prices
The monthly average HRC price (excluding Mumbai) was Rs 52,900 a tonne on April 29, according to data provided by BigMint, a market intelligence company
 "Sluggish demand weighs on Indian steel sector, pulls down prices")
Graduates face toughest job market in more than decade as hiring slows
Zahid, 25, completed her studies in December, but so far she hasn't found a job in the industry that surrounds her
 "Graduates face toughest job market in more than decade as hiring slows")