Page 266 - Industry News

Centre disbursed Rs 14,020 crore for 10 sectors so far under PLI schemes

Projects are implemented over a period of time ranging from two-three years, depending on the nature of manufacturing, and claims are usually made after 1st year of production

DGGI blocks 357 illegal online gaming sites, attaches 2,400 bank accounts

The ministry also cautioned public against engaging with offshore gaming platforms, even though many Bollywood celebrities, besides social media influencers, are found to be endorsing these

Bengaluru's Thanisandra Rd housing prices up 67% in 3 years: Anarock

In Thanisandra Main Road, the average monthly rental growth went up 62 per cent to Rs 33,200 from Rs 20,500

India's ad industry raids followed tip-offs under leniency scheme

On Tuesday and Wednesday, the Competition Commission of India raided the local offices of WPP-owned GroupM, Interpublic, Publicis and Dentsu, as well as high-profile Indian broadcasters' body IBDF

PLI scheme creates 26,351 jobs in India's telecom manufacturing industry

PLI scheme covers 33 telecom and networking products, against which companies can claim incentives, as mentioned in the release

Mumbai temperatures hit five-year high; heat-related ailments rise 10-20%

Delhi, Kolkata expect surge in heat-related emergencies

Mospi mulls ecommerce price index to monitor digital platform rates

This assumes significance as India's e-commerce market is projected to rise from Rs 12.2 trillion ($147.3 billion) in 2024 to Rs 24.1 trillion ($ 292.3 billion) by 2028

Smartphone assembly: Dixon gains ground on Foxconn, DBG Group in India

Tata Electronics, another rising domestic player, doubled its share to 4 per cent in 2024 from 2 per cent a year earlier

Upstream oil companies return to Andaman Sea, dig offshore wells

Oil India, ONGC hope to strike it big this time

A milestone: India's coal output crosses a billion tonnes in 2024-25

The Union government had earlier projected coal production to reach 1 bt by FY24, but it was later pushed to FY25

Leniency option helps CCI crack down on ad agency cartel, gather evidence

The 'leniency programme' encourages whistleblowers in cartels to provide information on outfits and lessens their penalties in extenuating circumstances

Cold drinks to ACs: Early onset turns summer products into hot picks

This year, companies have strengthened their supply chains as well to meet soaring demand

STPI failed to meet start-up funding scheme targets, says DG Arvind Kumar

During the STPI's Sangam event, Kumar said that the organisation has been able to provide seed funds to 136 start-ups in the last three years under the Next Generation Incubation Scheme

Absorption of real estate space by GCCs crosses pre-pandemic level

Trend driven by stricter policies on working remotely

Parliamentary panel wants end use of spectrum clearly defined in auction

The committee highlighted that increasing transparency in the auction process, with clear communication to stakeholders, would enhance public confidence and ensure the process is fair and effective

83% engineering graduates have no jobs, internship offers: Report

The survey is based on responses of 30K+ GenZ professionals and 700 HR leaders

Snowflake collaborates with Nasscom to equip 100,000 learners in India

Through this collaboration, Snowflake and Nasscom are addressing the critical skills gap by providing access to training and resources

Prosus-backed fintech firm PayU buys 43.5% stake in Mindgate Solutions

The deal will allow PayU to expand into the real-time payment processing market, including the Unified Payments Interface (UPI)

Nearly 37 flights from India disrupted by Heathrow Airport shutdown

Heathrow Airport, one of the busiest in the world, handles approximately 1,280 flights daily, including around 37 to and from India

India hits 1 bn tonnes coal output; PM Modi says proud moment for country

Coal, which is predominately used to produce electricity as well as fuel in several industries, is the mainstay energy source for the world's fifth largest economy