Page 280 - Industry News
Indian IT sector may see low single-digit growth in FY25: Nasscom
Revenue likely to cross $300 bn in FY26, says Nasscom; 126,000 jobs added in FY25
 "Indian IT sector may see low single-digit growth in FY25: Nasscom")
Pvt corporate sector posts 8% on-year sales growth in Q3, margins rise: RBI
Manufacturing companies' expenses on raw materials rose by 6.3 per cent (y-o-y) in line with their sales growth, whereas their staff costs increased by a higher 9.5 per cent
 "Pvt corporate sector posts 8% on-year sales growth in Q3, margins rise: RBI")
Indian ITeS Industry and GenAI Conundrum as adoption remains under 40%
According to the latest BCG report 'The GenAI Adoption Conundrum', over 80 per cent of developers acknowledge its advantages, citing increased productivity and efficiency
 "Indian ITeS Industry and GenAI Conundrum as adoption remains under 40%")
Retail's next wave: Brands chase growth in India's emerging cities
Beyond technology leaders, retailers in apparel, beauty, fashion, and entertainment are targeting Tier-II and -III cities, extending their reach beyond metro hubs
 "Retail's next wave: Brands chase growth in India's emerging cities")
Electronic, electrical industry should aim for $100 bn exports: Goyal
The minister also said India's electronic goods industry must work together towards more resilient supply chains, upgrade quality standards and provide high-quality goods and services
 "Electronic, electrical industry should aim for $100 bn exports: Goyal")
NCLT Bengaluru approves appointment of new RP for debt-laden Byju's
Ajmera will replace former RP Pankaj Srivastava
 "NCLT Bengaluru approves appointment of new RP for debt-laden Byju's")
India annual palm oil imports likely to fall behind soft oils for 1st time
Palm oil accounted for 56 per cent of India's total edible oil imports in the last marketing year, but in the first three months of the current year its share fell to 43 per cent
 "India annual palm oil imports likely to fall behind soft oils for 1st time")
Govt seeks merchant bankers for stake sale in PSBs, financial institutions
The merchant bankers can apply for empanelment with DIPAM under two categories, depending upon the capacity of the bidders in handling the capital market transactions
 "Govt seeks merchant bankers for stake sale in PSBs, financial institutions")
India PC shipments up 3.8% at 14.4 mn in 2024, HP leads with 30% share: IDC
HP led the market with 30.1 per cent market share in 2024 and 30 per cent share in the December quarter despite a decline of about 1 per cent in annual and 1.8 per cent in quarterly supplies
 "India PC shipments up 3.8% at 14.4 mn in 2024, HP leads with 30% share: IDC")
Airtel's Wi-Fi, postpaid subscribers to get exclusive access to Apple TV+
With this partnership, customers can enjoy ad-free access to all Apple TV+ original series and movies
 "Airtel's Wi-Fi, postpaid subscribers to get exclusive access to Apple TV+")
US market a 'wild card' for Indian IT: Nasscom president Rajesh Nambiar
He was quick to add that one should not forget that the US contributes 60-62 per cent of the revenues for the sector
 "US market a 'wild card' for Indian IT: Nasscom president Rajesh Nambiar")
Insolvency proceedings against Coffee Day resume after NCLAT delay
The Chennai bench of NCLAT completed its hearing on an appeal filed by a director of CDEL's suspended board and reserved its order
 "Insolvency proceedings against Coffee Day resume after NCLAT delay")
India, UK resume negotiations for FTA, aims to triple trade in 10 years
The India-UK FTA negotiations were launched on January 13, 2022
 "India, UK resume negotiations for FTA, aims to triple trade in 10 years")
Madhya Pradesh has potential to become $2.1 trn economy by 2047-48: Report
Madhya Pradesh can potentially increase the size of its economy by 18 times to USD 2.1 trillion (Rs 248.6 lakh crore) by 2047-48, according to a report by the industry body CII.
 "Madhya Pradesh has potential to become $2.1 trn economy by 2047-48: Report")
India's tech sector FY25 revenue to grow 5.1% to $282.6 billion: Nasscom
The industry is likely to cross $300 billion in revenues in FY26, which is about 6 per cent higher than the FY25 level, its President Rajesh Nambiar said at the Nasscom Technology Leadership Forum
 "India's tech sector FY25 revenue to grow 5.1% to $282.6 billion: Nasscom")
Inside India's quick commerce boom: Earnings, growth & gig workforce trends
While the industry promises rapid employment growth, questions remain about the sustainability of gig jobs, benefits, and long-term viability
 "Inside India's quick commerce boom: Earnings, growth & gig workforce trends")
Centre plans digital push to tackle non-response in sample surveys
Government data shows that the share of people averse to the surveys conducted by the NSO more than doubled in five years between the 75th National Sample Survey
 "Centre plans digital push to tackle non-response in sample surveys")
Surat rings loud in ultra-premium smartphone surge beyond metros
This Gujarat city accounted for 2.4 per cent share of the ultra-premium smartphones market in October 2024
 "Surat rings loud in ultra-premium smartphone surge beyond metros")
KKR picks up 54% stake in cancer hospital chain HCG for Rs 3,465 crore
PE firm to make open offer to buy additional 26% for Rs 1,600 cr
 "KKR picks up 54% stake in cancer hospital chain HCG for Rs 3,465 crore")
Coffee prices soar to 50-year high as climate change drives costs up
Sixty per cent of the world's coffee is produced by an estimated 12.5 million people working on farms no larger than 50 acres - and most far smaller than that - according to World Coffee Research
 "Coffee prices soar to 50-year high as climate change drives costs up")