Page 254 - Industry News
India office rentals head north even as global markets face headwinds: Rpt
Research by Vestian showed that 2024 recorded the highest-ever leasing activity of 70.7 mn sq ft, marking an annual increase of 16%
 "India office rentals head north even as global markets face headwinds: Rpt")
Govt may fast-track food, medicines, farm trade under AEO framework
The AEO programme is implemented by the Central Board of Indirect Taxes and Customs (CBIC) under the aegis of the World Customs Organization's SAFE Framework
 "Govt may fast-track food, medicines, farm trade under AEO framework")
India's natural gas consumption to rise 60% by 2030: Oil regulator PNGRB
The PNGRB has in recent years given out city gas licences for 307 geographical areas (GAs), covering almost all of the country
 "India's natural gas consumption to rise 60% by 2030: Oil regulator PNGRB")
ICRA expects 18-20% growth for airport operators in FY26 on higher traffic
According to ICRA, FY25 saw an 11 per cent expansion in international traffic and a 9 per cent rise in domestic traffic
 "ICRA expects 18-20% growth for airport operators in FY26 on higher traffic")
KFC's fried chicken toothpaste sells out after April Fool's day launch
KFC announced the unusual product on April 1, leading many people to believe it was just a joke
 "KFC's fried chicken toothpaste sells out after April Fool's day launch")
US' 90-day tariff pause 'key' window, India must act decisively: ICEA
US President Donald Trump has declared a three-month pause on reciprocal tariffs on non-retaliating countries marking a rather unexpected U-turn after record high levies
 "US' 90-day tariff pause 'key' window, India must act decisively: ICEA")
Indian job market stays strong amid global uncertainty: Michael Page India
While economic slowdowns in certain regions have led to cautious hiring, India continues to see demand for skilled professionals, particularly in technology and digital transformation
 "Indian job market stays strong amid global uncertainty: Michael Page India")
Pause on US tariffs a big relief; opens window for trade talks: Exporters
Amid a global market meltdown, US President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised the tax rate on Chinese imports to 125 per cent
 "Pause on US tariffs a big relief; opens window for trade talks: Exporters")
Why India must end its Inspector Raj to compete in global manufacturing
From factories to e-commerce warehouses, overzealous quality checks are choking trade and killing jobs-India must dismantle this outdated system to stay competitive
 "Why India must end its Inspector Raj to compete in global manufacturing")
More than 57% of gig workers experience stress during instant deliveries
Around 56.5 per cent of gig workers believe that 60-minute deliveries allow them to earn more profit while completing more orders without the pressure of constant urgency
 "More than 57% of gig workers experience stress during instant deliveries")
Reciprocal levy: Working to remove additional US tariffs, says Piyush Goyal
Goyal advised Indian industry and exporters not to route outbound shipments to the United States (US) through countries with lower reciprocal tariffs imposed by Washington
 "Reciprocal levy: Working to remove additional US tariffs, says Piyush Goyal")
Auto, realty cos expect sales rebound after RBI slashes repo rate
Sector experts and developers said the decision could draw homebuyers back into the market, particularly in the affordable housing segment
 "Auto, realty cos expect sales rebound after RBI slashes repo rate")
Private telcos publish 5G, 4G, 2G network coverage maps as per Trai order
As per the details shared by Trai, Bharti Airtel, Reliance Jio and Vodafone Idea have published the coverage, while state-run BSNL and MTNL are yet to do it
 "Private telcos publish 5G, 4G, 2G network coverage maps as per Trai order")
A string of airports in Gangetic plains aims to change the face of travel
These airports in Uttar Pradesh, Bihar, and West Bengal could also provide logistics services and help bring down notoriously high freight charges out of these states
 "A string of airports in Gangetic plains aims to change the face of travel")
JSW Energy finalises ₹12K cr acquisition of O2 Power's renewable platform
The deal, executed through its wholly owned subsidiary JSW Neo Energy, adds 4,696 megawatt (MW) of capacity spread across solar, wind, hybrid, and round-the-clock (RTC) renewable power
 "JSW Energy finalises ₹12K cr acquisition of O2 Power's renewable platform")
CDSCO brings new rules for drugs transfer from SEZ units to domestic mkt
In a circular dated April 8, the CDSCO mandated a new procedure to streamline the transfer of drugs manufactured in SEZs to DTAs for sale and distribution
 "CDSCO brings new rules for drugs transfer from SEZ units to domestic mkt")
Uttar Pradesh municipal corporations' revenue jumps 46% to ₹4,586 crore
These 17 municipal corporations had a consolidated tax and non-tax kitty of about ₹3,140 crore in FY24
 "Uttar Pradesh municipal corporations' revenue jumps 46% to ₹4,586 crore")
India exports 287K tonnes of sugar till April 8 in 2024-25: AISTA
sugar marketing year runs from October to September. Sugar exports for the 2024-25 marketing year in India were allowed on January 20, 2025
 "India exports 287K tonnes of sugar till April 8 in 2024-25: AISTA")
ISA eyes Indian private sector support for Africa's green energy growth
These projects span various sectors, including the solarisation of schools, health centres, government buildings, cold storage units, and solar water pumping systems
 "ISA eyes Indian private sector support for Africa's green energy growth")
US tops India's pharma exports with $9.8 bn share in April-Feb FY25
Despite looming tariffs, shipments to US grew 14%; EU and Africa next on the pharma export map
 "US tops India's pharma exports with $9.8 bn share in April-Feb FY25")