Page 290 - Industry News

Boosted by PLI scheme, India's smartphone exports hit record Rs 1.5 trn

Smartphone exports during the 10 months leading up to January were 56 per cent higher than the Rs 991.2 billion recorded in the same period of FY24

NRAI meets Union Minister Piyush Goyal over private labelling concerns

Representatives of NRAI highlighted challenges faced by the restaurant and food industry, minister assures support

CGOs take centre stage at IT services companies amid growth challenges

Companies such as Tech Mahindra, HCLTech, LTIMindtree, US Technologies, and Persistent Systems already have growth officers who report to their chief executives

Egg and chicken prices fall nearly 7-10% in February on oversupply woes

Egg exports saw a 16 per cent year-on-year drop in volume terms from April to November, says commerce ministry

Assam cabinet approves mega industrial park, new policy for green energy

Besides, the cabinet has approved Post Graduate increments to Ayurvedic doctors, who have successfully completed the 3-year PG course

PMI Electro Mobility secures Rs 250 crore funding for strategic EV growth

Incorporated in 2017, the eCV maker has a 2,500 unit annual capacity production facility in Delhi-NCR, which produces 7, 9 and 12-metre electric buses and electric school buses

PM Modi optimistic about achieving Rs 9 trillion textile exports by 2030

Prime Minister Narendra Modi on Sunday said he is optimistic that the textile sector will achieve the Rs 9 lakh crore annual exports target ahead of the 2030 deadline.

Over 29,500 drones registered across India, Delhi leads with 4,882

There is no need for prior permission to operate drones in the green zone while the Air Traffic Control (ATC) concerned has to approve operations of drones in the yellow zone

Housing sales in Jaipur rise 5% in 2024, value up 39%: PropEquity

PropEquity has recently released the data for 15 major tier-II cities where total housing sales rose 4 per cent to 1,78,771 units in 2024 from 1,71,903 in the preceding year

Extend waiver on charges for renewable energy till 2030: Power producers

A key demand from the players was to extend the waiver on inter-state transmission system (ISTS) charges

First 'Made-in-India' chip to be launched by September-October: Vaishnaw

Tata Electronics, in partnership with Powerchip Semiconductor Manufacturing Corporation (PSMC), is making India's first semiconductor fab in Gujarat's Dholera

Experts call for building digital infra to tap IT talent in small cities

Experts have also hailed the government's move to set up five National Centres of Excellence for Skilling

Indian steel market may see dumping due to US tariffs: JSPL chairman Jindal

US President Donald Trump has announced 25 per cent tariff on all steel and aluminium imports

Will set up deregulation commission to reduce govt's interference: PM Modi

Speaking at ET Now Global Business Summit, Modi said the government has ended hundreds of compliances and now through Jan Vishwas 2.0, more archaic compliances are being reduced

PM Modi's US visit to strengthen bilateral trade, investment ties: CII

CII noted that the wide-ranging joint statement and initiatives announced during the visit under the framework of US-India COMPACT have set a clear forward-looking agenda for India-US relations

Liquor firms' body urges govt to curb dumping, grow global market

The Confederation of Indian Alcoholic Beverage Companies (CIABC) said the Indian liquor manufacturers are not against reduction in import duty, though they have sought the import duty cuts

India must expand skilling in healthcare to meet global demand: VK Paul

Talking about skilling initiatives, Paul said that the NSDC International is playing a pivotal role in this effort, ensuring care professionals trained in India are globally employable

India, Myanmar discuss possibility of resuming border trade through roads

The issue was discussed during a meeting between Myanmar's Deputy Commerce Minister U Minn Minn and Minister of State of Commerce and Industry Jitin Prasada here on February 14

$500 bn trade target with US to help boost India's exports: Exporters

The focus on technology, defence, and green energy will particularly benefit India's export sectors and enhance global competitiveness, exporters said

Do Trump's reciprocal import tariffs violate WTO rules? An explainer

Historically, according to the GTRI, when the WTO was established in 1995, developed nations agreed to let developing countries retain higher tariffs in exchange for some commitments