Page 252 - Industry News

Goods exempted under notifications can be brought into bonded warehouses

RBI itself allows initial period of 9 months to realise export proceeds

Polished diamond exports hit two-decade low, says industry group

The slump dragged down overall gem and jewellery exports by 11.7% to $28.5 billion - a four-year low - from $32.28 billion the previous year

Deep tech not just for startups; govt, industry must step up: Bikhchandani

He said deep tech companies are difficult to fund because of the time it takes from idea to actually building a product, to finding customers, to monetisation, to product market fit, to growth

Centre plans new unit to boost DMF, PMKKKY efficiency in mining regions

The mines ministry said on its website that it is taking many initiatives to improve the efficiency and effectiveness of District Mineral Foundation/ Pradhan Mantri Khanij Kshetra Kalyan Yojana

Govt to give bulk of ₹10,000 cr startup fund to AI, tech sectors: Official

With an intent to build a strong ecosystem of the country for nurturing innovation and promoting startups, the government launched the Startup India initiative on January 16, 2016

India preparing to ship 40,000 tonnes of shrimp to US after tariff pause

Indian shrimp exports to the US face an effective customs duty of 17.7 per cent, including 5.7 per cent in countervailing duties and 1.8 per cent in anti-dumping duty

Unsold affordable units drop 19% in top 7 cities in Q1CY25, bucking slump

Luxury segment sees 24% surge in unsold units over robust supply, inventory pile-up

Golden Growth Fund buys land parcel in South Delhi, eyes ₹100 crore revenue

The fund plans to develop boutique luxury residences in Neeti Bagh area, targeting high-net-worth and ultra-high-net-worth individuals

Reciprocal tariffs: Customs scrutiny to get more strict everywhere

The exporters using any inputs from China should now be wary of the US Customs

Vishwakarma scheme faces challenges with loan approval rate at just 28%

While a total of 13.93 lakh loan applications were submitted to PSBs, only 3.9 lakh were approved, highlighting a significant gap in the disbursement process

Govt plans cheap gas lifeline for LNG trucks; aims to revive closed outlets

Indian Oil, the largest operator of LNG truck outlets, has shut five of its six outlets for lack of business, with only one in Sriperumbudur, an industrial area outside Chennai, still operational

Mall developers bet big on smaller cities as demand slows in metros

Lulu Shopping Malls, Nexus Select Trust, Phoenix Mall, Brigade Group, and others are scouting for malls that can be redeveloped or better run

Reduce import dependency, focus on green construction, modular infra: Goyal

Goyal said sectors, including housing, infrastructure, commercial real estate, railways, airports, highways, and energy play a key role in boosting the country's economic growth

Tariff impact: Shrimp feed prices drop by ₹4/kg to reimburse farmers

The relief has also come at a time when shrimp production season is reaching its peak

PM E-DRIVE scheme: TaMo, Maruti, two others seek to make e-ambulances

While Force Motors and Tata Motors have committed in writing, MSIL and EKA - a startup that produces electric buses and small electric commercial vehicles

HDFC Capital creates ₹1.5K cr platform with Eldeco, aims ₹11K cr revenue

HDFC Capital is the investment manager to four Securities and Exchange Board of India-registered Category II alternative investment funds

Apple's India freight on board output in FY25 surges 57% to ₹1.89 trn

The total market value (which includes distribution, sales and margins) is estimated at around $33 billion (₹2.84 trillion) making it among the largest manufacturing companies in the country

Fintech industry to grow with digital expansion: MobiKwik's Upasana Taku

MobiKwik Co-Founder Upasana Taku says India's fintech sector holds vast growth potential, with innovation, inclusion, and diversification driving the next decade

W S Habib takes over as CREDAI Tamil Nadu president for 2025-27 term

The new office-bearers of CREDAI Tamil Nadu include V Gopinath as Vice-President, S Srikumar as Secretary, V Sathasivam as Joint Secretary, and P R Jai Prakash as Treasurer

India's smartphone exports gains 20% tariff edge over China: ICEA

Apple's iPhone ecosystem in India has become the largest job creator in India and is one of the top exported items from the country