Page 240 - Industry News
ACC PLI beneficiary companies seek extension; govt may consider it
Firms cite equipment delays from China for missing ACC PLI milestones; govt mulls extension request, penalties imposed for breaching December 2024 deadline
 "ACC PLI beneficiary companies seek extension; govt may consider it")
Entry barriers for shipbuilding cluster bids likely to be lowered
Gujarat's Deendayal Port is one of the 12 ports owned by the central government
 "Entry barriers for shipbuilding cluster bids likely to be lowered")
Op Sindoor: India Inc's cyber shield holds firm against swarm of hackers
Setup by Nasscom, DSCI engages with governments and their agencies, regulators, industry sectors, industry associations, and think tanks for policy advocacy, capacity building, and outreach activities
 "Op Sindoor: India Inc's cyber shield holds firm against swarm of hackers")
Women hold just 33% of entry-level roles in private jobs in India: Report
It showed that women hold just one in three entry-level private sector roles and only 24 per cent of manager positions, signalling a wide gap between potential and actual representation
 "Women hold just 33% of entry-level roles in private jobs in India: Report")
US-China tariff truce may not hit Apple's smartphone plans in India
The government is watching the developments closely, but is not too worried that a tariff truce between the US and China could hurt the chances of India's electronics products on the global stage
 "US-China tariff truce may not hit Apple's smartphone plans in India")
QSRs eye a bigger bite of FMCG pie, firms speed up expansion plans
Packaged foods become QSRs' new flavour; retail shelves and exports open up
 "QSRs eye a bigger bite of FMCG pie, firms speed up expansion plans")
Growth of mid-tier IT firms outshone that of larger rivals last year
Most of these firms focus on niche biz that allows them to expand wallet share
 "Growth of mid-tier IT firms outshone that of larger rivals last year")
Bullish on bots: How Agentic AI is changing customer support services
Agentic AI goes beyond scripted responses to anticipate needs, personalise interactions, and solve problems with minimal human intervention
 "Bullish on bots: How Agentic AI is changing customer support services")
How India's $54-billion BPO sector is being rewired by AI and Agentic AI
Unlike traditional AI, agentic AI can assess a situation, make decisions, and take independent steps to resolve problems - capabilities that are now being baked into BPO processes
 "How India's $54-billion BPO sector is being rewired by AI and Agentic AI")
FWICE, AICWA ask film producers to boycott Turkiye for movie shooting
The Federation of Western India Cine Employees (FWICE) on Wednesday appealed to Indian artistes and producers to boycott Turkiye as a shooting destination in the wake of its pro-Pakistan stance.
 "FWICE, AICWA ask film producers to boycott Turkiye for movie shooting")
Cabinet approves HCL-Foxconn joint venture under semiconductor mission
India's sixth semiconductor plant will be set up near Jewar airport in Uttar Pradesh. The facility will produce display driver chips, with an investment of ₹3,700 crore
 "Cabinet approves HCL-Foxconn joint venture under semiconductor mission")
CCPA orders e-commerce firms to remove merchandise carrying Pakistani flag
The Central Consumer Protection Authority (CCPA) also sent notices to Ubuy India, Etsy, The Flag Company, and The Flag Corporation
 "CCPA orders e-commerce firms to remove merchandise carrying Pakistani flag")
MHA allows NGOs with expired FCRA registration to pay compounding fee
NGOs and associations whose registrations ceased after the expiry of the validity period were not able to make the payment of compounding penalty and fees from the FCRA bank account
 "MHA allows NGOs with expired FCRA registration to pay compounding fee")
Cabinet clears ₹3,706 cr HCL-Foxconn chip assembly unit at Jewar
The OSAT unit will assemble 20,000 wafers a month and generate 2,000 jobs; it is the sixth project approved under the India Semiconductor Mission
 "Cabinet clears ₹3,706 cr HCL-Foxconn chip assembly unit at Jewar")
Raid 2 crosses ₹130 crore in 13 days, drives strong cinema footfalls
Raid 2's success amid geopolitical tension and lacklustre releases brings relief to exhibitors, with consistent audience traction and over ₹174 crore worldwide
 "Raid 2 crosses ₹130 crore in 13 days, drives strong cinema footfalls")
Air Canada elevates premium economy class on flights between India & Canada
The new Premium Economy Class is available on select flights operated by Boeing 787 Dreamliner and Airbus A330 aircraft, the airline said in a statement
 "Air Canada elevates premium economy class on flights between India & Canada")
India among top six nations in global 6G patent filings: MoS Telecom
With over 111 projects funded to the tune of Rs 300 crore, MoS Chandra Sekhar Pemmasani says 6G has the potential for an economic impact worth $1 trillion
 "India among top six nations in global 6G patent filings: MoS Telecom")
India's vegetable oil imports dip 32% in April on lower palm oil demand
Vegetable oil imports, comprising edible and non-edible oils, stood at 13.18 lakh tonnes in the year-ago period
 "India's vegetable oil imports dip 32% in April on lower palm oil demand")
India to defend import curbs on copper in legal battle with trade groups
India, the world's second-largest importer of refined copper, relies on imports to address shortfalls and meet robust demand in sectors such as energy, defence, automotives and infrastructure
 "India to defend import curbs on copper in legal battle with trade groups")
Ecom companies cut Turkish brands' visibility amid Indo-Pak tension
Flipkart Travel, Cleartrip suspend all flight, hotel and holiday package bookings to Turkey and Azerbaijan
 "Ecom companies cut Turkish brands' visibility amid Indo-Pak tension")