Page 284 - Industry News
E-commerce market size to jump over 4 times to $550 bn by 2035: Report
Real estate consultant Anarock and ETRetail released their joint report at 'The Economic Times Great India Retail Summit 2025' in Mumbai on Thursday
 "E-commerce market size to jump over 4 times to $550 bn by 2035: Report")
JioStar to onboard 10 sponsors for the Women's Premier League 2025
All the matches are being broadcast on Star Sports and Sports18 television channels and streamed live on JioHotstar, its over-the-top (OTT) platform
 "JioStar to onboard 10 sponsors for the Women's Premier League 2025")
Skills over degrees: Indian employers embrace practical expertise in hiring
According to a report by hiring platform Indeed, employers are increasingly prioritising skills over degrees, reshaping the job market and opening doors for non-traditional talent
 "Skills over degrees: Indian employers embrace practical expertise in hiring")
Skills over degrees: 80% of Indian employers adopt skills-first strategy
Given that almost 42 per cent of hiring managers report difficulties in finding candidates with the necessary skills
 "Skills over degrees: 80% of Indian employers adopt skills-first strategy")
BPTP Group seeks Rs 6,500 cr revenue from Gurugram luxury housing project
Located on a 12.05-acre land parcel along the Dwarka Expressway, the developer will invest around Rs 3,000 crore in the project, which will be developed in three phases
 "BPTP Group seeks Rs 6,500 cr revenue from Gurugram luxury housing project")
EPC companies raise concern over longer payment cycles for water projects
Industry executives add payments picking pace in Q4
 "EPC companies raise concern over longer payment cycles for water projects")
Indian generic drugs have 54% more adverse outcomes than US-made: Study
The findings were largely driven by 'mature generic drugs' -- or those that had been in the market for a long time
 "Indian generic drugs have 54% more adverse outcomes than US-made: Study")
UP to develop vendors' chain to bolster India's defence manufacturing
The proposed defence MSME (micro, small, and medium enterprise) corridor comprising hubs of ancillary units will primarily feed the UP Defence Industrial Corridor
 "UP to develop vendors' chain to bolster India's defence manufacturing")
India's e-commerce to reach $550 bn by 2035 driven by Tier II-III demand
Demand for mall space has also increased, signalling growth in both e-commerce and brick-and-mortar retail industries: Report
 "India's e-commerce to reach $550 bn by 2035 driven by Tier II-III demand")
India govt considering to increase GST on cigarettes and tobacco products
This change aims to ensure that tax revenue from tobacco products remains steady after the compensation cess ends on March 31, 2026
 "India govt considering to increase GST on cigarettes and tobacco products")
Lending to MSMEs in Uttar Pradesh may surge 52% to Rs 4.5 trn in FY25
In the UP State Focus Paper prepared by Nabard, the state is projected to have a consolidated credit potential of ₹7.69 trillion in FY26 across priority sectors
 "Lending to MSMEs in Uttar Pradesh may surge 52% to Rs 4.5 trn in FY25")
Govt asks IVD kit makers to report adverse events; aims to collate info
Releases draft format for adverse events for rapid identification and rectification of potential device failures
 "Govt asks IVD kit makers to report adverse events; aims to collate info")
Amid global uncertainty, salaries in India to rise by 9.2% in 2025: Aon
Salary increments are also projected to vary across industries with engineering design services and auto/vehicle manufacturing budgeting for the highest pay increases
 "Amid global uncertainty, salaries in India to rise by 9.2% in 2025: Aon")
Additional incentives lined up for underground coal mine auctions
Coal secretary Vikram Dev Dutt said an incentivisation framework was at an advanced stage of discussion
 "Additional incentives lined up for underground coal mine auctions")
Trump admin moots 25% tariffs on auto, pharma, semiconductor imports
US risks shortages as India dominates generics space; automakers see muted pain
 "Trump admin moots 25% tariffs on auto, pharma, semiconductor imports")
Phoenix Kothari lines up Rs 5K cr investment in TN footwear industry
J Rafiq Ahmed, managing director, Kothari Industrial Corporation, said the number of employees in Phoenix Kothari is expected to cross 55,000 by 2027
 "Phoenix Kothari lines up Rs 5K cr investment in TN footwear industry")
JioStar to onboard 11 sponsors for ICC Men's Champions Trophy 2025
The matches will be broadcast on the JioStar Network and streamed live on its over-the-top (OTT) platform, JioHotstar, with the final match on March 9
 "JioStar to onboard 11 sponsors for ICC Men's Champions Trophy 2025")
E-recycling sector to reach $198.5 mn by 2032 at CAGR of 13.52%: Ind-Ra
The report also underlined the need for a strong reverse logistics network for e-waste procurement to ensure contract fulfilment and technical expertise to gain EPR revenue
 "E-recycling sector to reach $198.5 mn by 2032 at CAGR of 13.52%: Ind-Ra")
Bengaluru led city-wise box office revenue and footfalls in 2024: Report
Mumbai remained the top city across most top-performing movies, irrespective of language, the report added
 "Bengaluru led city-wise box office revenue and footfalls in 2024: Report")
Committed to 70% female workforce participation goal by 2047: Labour secy
She also stated that India's increasing participation of women in high-growth sectors like IT, R&D, and engineering was noted as a critical driver of economic growth
 "Committed to 70% female workforce participation goal by 2047: Labour secy")