Page 267 - Industry News
Indian 5G users to grow to 770 mn by 2028, avg data use at 40 GB: Nokia
According to the report, there was a remarkable three-fold year-on-year surge in 5G data traffic across India in 2024
 "Indian 5G users to grow to 770 mn by 2028, avg data use at 40 GB: Nokia")
India's 'AI for All' mantra backed by concrete action: MoS Jitin Prasada
Stressing that India is open for business and ready to lead, Prasada urged industry leaders to make research a top priority in their future strategies
 "India's 'AI for All' mantra backed by concrete action: MoS Jitin Prasada")
India's energy security hampered by years of coal backlash, misses targets
India has seen a dramatic boom in renewable energy installations - but that's not been enough to supply increasing power needs, prompting the government to also double down on coal power
 "India's energy security hampered by years of coal backlash, misses targets")
Govt recommends 12% provisional safeguard duty on select steel items
But MSMEs fear escalation in domestic prices, call for import quota
 "Govt recommends 12% provisional safeguard duty on select steel items")
Mumbai's iconic Laxmi Nivas bungalow gets new owner; sold for Rs 276 cr
Built by a Parsi family from Old Bombay in 1904, the colonial bungalow was sold to the Upendra Trikamdas Kapadia family in 1917 and has been their home for over three generations
 "Mumbai's iconic Laxmi Nivas bungalow gets new owner; sold for Rs 276 cr")
Need safeguards before raising FDI limit to 100% in insurance: Parl Panel
The Standing Committee on Finance, in its report, said the downside of the FDI in India's insurance sector should be dealt with adequately and scrupulously
 "Need safeguards before raising FDI limit to 100% in insurance: Parl Panel")
CCI's forensic team to analyse data seized in raids on advertising agencies
It is suspected that there are alleged anti-competitive practices related to the arrangements with respect to pricing and other aspects
 "CCI's forensic team to analyse data seized in raids on advertising agencies")
FMCG sector can hope for revenue revival as urban demand returns: Crisil
The report says the FMCG sector should see revenue rebound by 100 to 200 basis points (bps) to 6-8 per cent in FY26 up from an expected 5-6 per cent in FY25 as volume rises 4-6 per cent
 "FMCG sector can hope for revenue revival as urban demand returns: Crisil")
In a short period, India could well be signing multiple FTAs: Sanjiv Puri
He said that with the developments in the world, it was more likely that in a very short period of time, India could sign multiple FTAs
 "In a short period, India could well be signing multiple FTAs: Sanjiv Puri")
Union Cabinet approves Rs 1,500 cr scheme to boost low-value BHIM-UPI txns
This is the first time the Centre has defined small and large merchants in the context of outlining BHIM-UPI incentives
 "Union Cabinet approves Rs 1,500 cr scheme to boost low-value BHIM-UPI txns")
India AI Mission, Gates Foundation to sign MoU soon: Ashwini Vaishnaw
The minister made these announcements on social media platform X after a meeting with Microsoft co-founder and philanthropist Bill Gates
 "India AI Mission, Gates Foundation to sign MoU soon: Ashwini Vaishnaw")
India AI Mission, Gates Foundation to sign MoU soon: Ashwini Vaishnaw
The minister made these announcements on social media platform X after a meeting with Microsoft co-founder and philanthropist Bill Gates
IT-ITes revenue over $250 bn, exports account for $200 bn: STPI DG
He said that the Electronics and Computer Software Export Promotion Council has always been very instrumental over the promotion of export from this country
 "IT-ITes revenue over $250 bn, exports account for $200 bn: STPI DG")
Set up Indian Council for Fisheries to tap sector's full potential: Panel
The Council on Fisheries as per the Panel would not only facilitate focussed and in-depth research, but also address the challenges faced by the fishery sector
 "Set up Indian Council for Fisheries to tap sector's full potential: Panel")
MICL launches Avaan Tower 2, pegs success on tallest tower in country
Manan Shah, MD at MICL, said that the project will offer 3, 4, and 5 BHK ultra-luxury residences, ranging from 1,300 to 3,282 sq ft carpet area, priced between Rs 24 crore and Rs 35 crore
 "MICL launches Avaan Tower 2, pegs success on tallest tower in country")
Gaming SRBs must block harmful, addictive content: Ashwini Vaishnaw
Although betting and gambling fall under the purview of state governments, the central government will work to ensure that users are protected from the ills of online gaming, Vaishnaw said
CCI seeks comments on proposed Bharat Forge-AAM India Manufacturing deal
In October last year, Bharat Forge sought the Competition Commission of India's (CCI) approval for the buyout of AAM India Manufacturing Corporation
Medical device body asks Centre to revisit import duty reduction talks
This comes just days after economic think tank GTRI had asked government officials to seek reciprocity and improve market access for the Indian medical devices sector
 "Medical device body asks Centre to revisit import duty reduction talks")
EU proposes cutting steel imports by 15% from April as Trump tariffs bite
European steel producers already battling high energy prices and competition from Asia and elsewhere warn that the EU risks becoming a dumping ground for cheap steel diverted from the US
 "EU proposes cutting steel imports by 15% from April as Trump tariffs bite")
India's online gaming sector may cross $9 billion by 2029: Report
The report, released at the Game Developers Conference (GDC) in San Francisco, said India's online gaming market revenue was $3.7 billion in 2024
 "India's online gaming sector may cross $9 billion by 2029: Report")