Page 270 - Industry News

OMC-ShipMin talks for manufacturing domestic large vessels pick up pace

Shipping Ministry wants sectoral players to provide long term contracts for shipowners

Business Standard Round Table: GCCs can help TN become $1 trn economy

Jaikumar Subramanian, partner at Deloitte India, said as the state aimed to treble the size of its economy in five years, it should focus on a closer collaboration of industry, academia, and startups

Jio Platforms also announces deal with SpaceX to bring Starlink to India

It comes a day after telecom tycoon Sunil Bharti Mittal's Bharti Airtel signed a similar partnership pact with SpaceX

Extended Holi weekend paints busy travel scene, flight bookings up 50%

According to travel platform ixigo, flight bookings have seen a year-on-year surge of 45-50 per cent, driven by a mix of homebound travel, leisure getaways, and spiritual tourism

Key diabetes drug price crashes by up to 90% as generics enter market

Mankind, Alkem, Glenmark launch generic versions of empagliflozin

GenAI boom drives demand for specialist engineers in India's IT sector

Cybersecurity, a sector with approximately 10K-15K job openings in India, is witnessing growing demand for roles such as network security engineers, penetration testers, cloud security specialists

Govt launches 3 SRTMI initiatives to promote in R&D in steel making

The schemes were launched at the 'Catalysing R&D in the Indian Steel Sector' sector event, organised by the Ministry of Steel in the national capital

Parliamentary panel bats for structured timeline for coal gasification

Coal gasification involves extracting methane from coal during the mining process and utilising it for commercial purposes

60-plus LVM-3 rockets to be built with private sector's help: INSPACe chief

INSPACe has the mandate for promotion of the private space industry and also to authorise activities of non-government entities in the sector

About 19% of AI use cases deliver business value, says Infosys report

The research also showed a strong link between AI success and the changes a business makes to its operating model and data structure

IPA refutes US univ's report questioning quality of Indian-made generics

Industry insiders pointed out that since India accounts for nearly 50 per cent of the generic drugs exported to the US, the share of adverse events also would be higher on a proportionate basis

Townhouse, Sunday brands bring 50% of Oyo's business: Ritesh Agarwal

He added that the reason for adding premium offerings to the company's suite of services was to improve its bottom line and stay relevant in the market

New quality norms for steel parts may hurt small manufacturers: Think tank

Steel fasteners are critical for stability, durability, and safety across various industrial sectors

Indian IT services industry to see 4-6% revenue growth in FY26: Icra

IT sector growth is expected to remain subdued in the near term due to global economic headwinds and policy uncertainties in the US and Europe

Riyadh Air plans to expand, eyes partnership with Air India and IndiGo

Riyadh Air is set to begin operations with a fleet of 60 Airbus A321neos and 72 Boeing 787-9 Dreamliners, and aims to connect Saudi Arabia to over 100 international destinations by 2030

Manufacturing sector pushes India's industrial output growth to 5% in Jan

The country's factory output, measured in terms of the Index of Industrial Production (IIP), witnessed 4.2 per cent growth in January 2024

Russian oil supplies to India may recover in March after 3-month decline

India, the No 2 importer of crude from Russia, has said it would buy Russian oil only if it is supplied by companies and ships that have not been sanctioned by the United States

Lilavati Hospital trust alleges Rs 1,200 cr fraud, files complaint with ED

The Lilavati Kirtilal Mehta Medical Trust (LKMM) filed a complaint against its ex-trustees, accusing them of siphoning off trust funds through fraudulent means and illegal offshore transactions

Govt to auction mineral exploration licences for 13 blocks on March 13

With the enactment of the MMDR Amendment Act, 2023, exploration licences were introduced to allow private participation in reconnaissance and prospecting for 29 critical and deep-seated minerals

Govt plans to set up trading exchange for domestically produced coal

The world's fastest growing major economy opened up coal mining to private companies earlier this decade, ending the near-monopoly of state-run Coal India, the world's largest coal miner