Page 225 - Industry News

Rise in helicopter crashes may spur 15-30% hike in insurance premiums

A string of helicopter accidents in India and global reinsurance losses may raise premiums by up to 30 per cent, with smaller operators already facing steep hikes

Japanese team to visit India to aid battery industry with technology

Both nations already have partnerships related to lithium battery technology

FMCG companies in wait-and-watch mode as global crude oil prices climb

While packaging and freight costs may rise, FMCG companies are holding off on price increases, citing hedging cover and watching for sustained crude price trends

93% of richest Indians' wealth linked to listed firms: 360 ONE report

A new report shows India's 2,000 richest individuals control ₹100 trillion in wealth, 93 per cent of which is tied to listed company stakes, led by top business houses

Cement demand may be impacted in June due to early onset of monsoon: Ind-Ra

The cement volumes witnessed a "notable recovery of 10-11 per cent y-o-y" in the March 2025 quarter after recording a subdued 2 per cent growth in the first half of the last fiscal

CTV adds 35 mn viewers, sees equal urban-rural reach: Kantar report

CTV gains 35 million viewers in Q1 2025, sees even spread across rural and urban India, while digital-only users rise and linear TV still leads with 58 per cent reach

Gems, jewellery exports down 15.81% to $2,263 million in May: GJEPC

The industry exports stood at $ 2,688.38 million (Rs 22,414.02 crore) during the same period of 2024, according to Gems and Jewellery Export Promotion Council (GJEPC) data

New home supply in top 15 tier-II cities falls 35% in Jan-Mar: PropEquity

As per the data, new housing supply in Ahmedabad fell 35 per cent to 11,096 units during January-March 2025 from 17,108 units in the year-ago period

Indian toy standards better than global norms, boosting exports: BIS

According to GTRI report, India's toy exports declined marginally to $152.34 million in 2023-24 from $153.89 million in the year before

Govt allocates 200 coal blocks, reaffirms push for sectoral reforms

"The Ministry of Coal has achieved a historic milestone with the allocation of its 200th coal mine, underscoring its relentless drive to transform India's coal sector," an official statement said

Maruti Suzuki sees vehicle dispatches via railways to rise to 35% by FY31

In March 2024, the automaker became the first automobile company to establish an in-plant railway siding in its Gujarat manufacturing plant

Actor Jaideep Ahlawat buys second Rs 10-crore flat in Mumbai's Andheri

The actor and his wife Jyoti Hooda bought a second apartment in Poorna Apartments in Andheri West, Mumbai, for Rs 10 crore, show documents accessed via Square Yards

FMCG firms brace for input cost surge as Israel-Iran conflict escalates

The conflict between Iran and Israel threatens a rise in prices of essential goods, with companies concerned about the impact of oil price volatility on packaging and raw material costs

Hack-proof communication? DRDO, IIT Delhi test quantum entanglement tech

The defence ministry said that this form of communication can support applications such as long-distance quantum key distribution, secure data transmission, and the development of quantum networks

Data centre boom: Realty cos eye revenue upside, portfolio diversification

The industry experts believe that the developers are leveraging their expertise in land acquisition, construction, dealing with government approvals, and maintaining tenant relationships

IT companies, BPOs set target of 100% electric vehicle cab fleet by 2030

The target is rather ambitious. It means converting 95 per cent of the existing fleet of over 900,000 cabs, which transports corporate employees from home to office and back

Wind sector's biggest hurdle? Domestic equipment procuring mandate

The move to press the pedal on domestic sourcing of all wind turbine components comes amid heated opposition from developers

Myntra's End of Reason Sale sees 2X order spike, led by non-metros

Myntra sees order volumes double in EORS 22, with Gen Z, beauty, wearables and shoppers from Tier 2 and 3 cities driving record demand and high regional traction

FMCG distributors seek clause for collecting expired, damaged stock

In another letter to the government, the body alleged that damaged and expired FMCG goods are being sold via quick commerce platforms and stored in poor conditions

Trai caps Wi-Fi tariffs to boost PM-WANI and align with FTTH rates

Says high tariffs charged by telcos and ISPs have hindered the spread of the PM-WANI scheme; new rules cap prices for public Wi-Fi providers to enable affordability