Page 216 - Industry News
West Asia conflict sends India tourists to safer Southeast destinations
Online travel portals, tour operators, agents have reported a sharp rise in rescheduling over the past few days, with 25-30% of Indian travellers postponing or altering plans to Western destinations
 "West Asia conflict sends India tourists to safer Southeast destinations")
DPIIT asks ministries to compile list of business approvals to improve NSWS
The DPIIT is working with ministries to compile a comprehensive list of approvals, aiming to streamline the National Single Window System and ease investor compliance
 "DPIIT asks ministries to compile list of business approvals to improve NSWS")
Mobile exports grow 74% in May to record second-highest figures ever
The peak was $3.1 billion in March, when Apple exported more phones to the United States
 "Mobile exports grow 74% in May to record second-highest figures ever")
Hindalco to acquire AluChem for $125 mn to grow speciality alumina reach
The acquisition will boost Hindalco's North American presence and global alumina capacity as it eyes 1 million tonnes by FY30 through innovation and sustainability
 "Hindalco to acquire AluChem for $125 mn to grow speciality alumina reach")
Fast and now under fire: Quick-commerce firms face heat from regulators
According to a report by Blume Ventures, an early-stage venture fund, India's qcom market surged from $300 million in FY22 to an expected $7.1 billion in FY25
 "Fast and now under fire: Quick-commerce firms face heat from regulators")
Bike taxi ban challenged in K'taka HC citing fundamental rights violation
The petitioners argued that the state cannot infringe upon the fundamental right to carry on a business or choose a bike taxi over the metro or a bus
 "Bike taxi ban challenged in K'taka HC citing fundamental rights violation")
Agnikul, GalaxEye, ePlane Co among 10 Indian startups on WEF list
Indian startups in AI, space tech, energy and data analytics make it to WEF's 2025 top 100 list, affirming India's rising presence in deep-tech innovation
 "Agnikul, GalaxEye, ePlane Co among 10 Indian startups on WEF list")
No sign of panic among Indian exporters; shift to Cape of Good Hope route
Despite Iran-Israel instability, exporters report no disruption in trade as 96 per cent of India's container traffic shifts to the Cape of Good Hope route
 "No sign of panic among Indian exporters; shift to Cape of Good Hope route")
Arbour Investments commits ₹105 cr to ELV for Whitefield projects
Arbour will fund ELV Projects' mid-premium residential developments in Whitefield, with Rs 105 crore to be disbursed in phases over eight to nine months
 "Arbour Investments commits ₹105 cr to ELV for Whitefield projects")
Taxi aggregators shift revenue model, but vehicle numbers a cause of worry
A zero-commission model relies on increasing numbers of taxis entering the market, but states' data shows that new taxis are growing at a slower rate than is required
 "Taxi aggregators shift revenue model, but vehicle numbers a cause of worry")
Housing affordability in H1 CY25 improves as RBI cuts interest rate: Report
Ahmedabad is the most affordable housing market and Mumbai the least: Knight Frank
 "Housing affordability in H1 CY25 improves as RBI cuts interest rate: Report")
Wi-Fi segment to be worth $22 bn by 2035 in India: Jyotiraditya Scindia
Highlighting the recent de-licensing of the 6 GHz spectrum, the Minister said this move will enable multi-gigabit speeds and low-cost digital highways across India
 "Wi-Fi segment to be worth $22 bn by 2035 in India: Jyotiraditya Scindia")
Novo Nordisk launches blockbuster weight-loss drug Wegovy in India
The 1.75 mg and 2.4 mg doses will be priced at ₹24,280, and 2.4 mg will be priced at ₹26,050 for a month
 "Novo Nordisk launches blockbuster weight-loss drug Wegovy in India")
Traders, business associations hail scrapping of police licensing approvals
Delhi Lieutenant Governor Vinai Kumar Saxena on Sunday issued an order, withdrawing the requirement of a police license for certain commercial establishments
 "Traders, business associations hail scrapping of police licensing approvals")
Indian game studios level up with local IPs and cultural narratives
As players warm to culturally resonant content, Indian game studios shift focus from outsourcing to homegrown IPs rooted in local themes and traditions
 "Indian game studios level up with local IPs and cultural narratives")
Govt mulls tweaking duty norms for sale of SEZ products to domestic market
At present, SEZs pay full customs duty, in case a finished product is sold outside these zones, known as domestic tariff area (DTA). Based on the industry's long-standing request
 "Govt mulls tweaking duty norms for sale of SEZ products to domestic market")
Prosus bets on India as its creates number 1 lifestyle ecom company
PayU India reorganises payments business, tightens credit underwriting
 "Prosus bets on India as its creates number 1 lifestyle ecom company")
Govt holds wide FTA talks to protect domestic industry: Piyush Goyal
He said that India is keeping in mind both the offensive and defensive interests of industry while negotiating these agreements
 "Govt holds wide FTA talks to protect domestic industry: Piyush Goyal")
50% of Indians pay online convenience fees; 78% prefer free platforms
A LocalCircles survey finds 50% of Indian consumers pay convenience fees on most purchases, with 78% preferring platforms that don't charge extra for products or services
 "50% of Indians pay online convenience fees; 78% prefer free platforms")
50% of Indians pay online convenience fees; 78% prefer free platforms
A LocalCircles survey finds 50% of Indian consumers pay convenience fees on most purchases, with 78% preferring platforms that don't charge extra for products or services
 "50% of Indians pay online convenience fees; 78% prefer free platforms")