Page 311 - Industry News

Assam, Bihar households big food spenders in 2023-24, shows NSO data

Among the food items, households in these states spent the highest share on consuming 'beverages & processed food' which includes purchased food items

Infor sees 100% growth in India in 2024; to increase headcount by 15-20%

Kevin Samuelson, global CEO, Infor, said that they are also setting up their own data centre in India to resolve data residency issues for some customers

Apple tops Indian smartphone market with 23% value share: Counterpoint

According to Counterpoint's Monthly India Smartphone Tracker, Vivo led the country's smartphone market in volumes in the December quarter as well with its share increasing to 20 per cent from 17

Budget an opportunity to bolster supply chain sector: Mahindra Logistics MD

Swaminathan also said that by prioritising infra investments across highways, expressways, multi-modal transport networks, and logistics parks, the government can catalyse sectoral transformation

Delhi HC denies stay on the Religare AGM, Burman family open offer

The HC observed that there was no valid competing offer at present before the market regulator, the Securities and Exchange Board of India (Sebi)

Maha Kumbh: From insurance to FMCG firms, businesses tap into spiritual mkt

Banks, insurance firms, FMCG majors set up booths; hotel rates, airfares hit the roof

Budget 2025: Sanitaryware players seek GST rationalisation on products

The Indian sanitaryware sector is projected to reach a market valuation of approximately $948.5 million by 2025, growing at a CAGR of 7.9 per cent from 2024 to 2029

MCG scheme for MSMEs to boost investment, manufacturing, exports: Exporters

Mutual Credit Guarantee Scheme for MSMEs (MCGS- MSME) aims to provide 60 per cent guarantee coverage by NCGTC to MLIs for credit facility of up to Rs 100 crore sanctioned to eligible MSMEs

Information Utilities can use PAN card to verify users registering debt

IBBI has introduced the provision of 'deemed authentication' for debts reported as defaulted when there is no response from the debtor after three reminders

With loans to MTNL turning into NPAs, PSBs may agree to 20% haircut

They have Rs 8,144 cr exposure to troubled telco

AI takes centre stage in policies of state govts to attract investors

The Indian government has earmarked Rs 10,300 crore over the next five years to set up 10,000 GPUs

Hospitality sector awaits infrastructure status, seeks GST relief in Budget

Industry stakeholders believe that the full potential of India's travel and tourism sector remains untapped

De Beers plans to grow Forevermark revenue to $100 million by 2030

Forevermark, which went through an internal restructuring and shifted focus from supplying loose diamonds to companies to a jewellery label in the country

India aiming for 1,800 GW RE by 2047, 500 GW by 2030: Pralhad Joshi

Financial Services Secretary M Nagaraju said public sector banks can finance about Rs 10 lakh crore for RE target of 500 GW by 2030 while the remaining Rs 23 lakh crore will have to come

Bubbling with potential: John Murphy's plan to scale Coca-Cola in India

"I can tell you, we are more excited about the prospects for our business in India right now than we have ever been," John Murphy, president and CFO, Coca-Cola said

Budget 2025: Steel makers expect protectionist measures to prevent dumping

JSW Steel Joint MD & CEO Jayant Acharya said a level-playing field and measures against unfair trade will be essential for maintaining growth momentum of the Indian steel industry

RBI's digital payments index rises to 465.33 as of September 2024

"The increase in the RBI-DPI index was driven by growth in payment infrastructure and payment performance across the country over the period," the central bank said in a statement

Data Privacy Day highlights India's need for stronger digital protections

In India, the significance of this day is further elevated, with the rules around the Digital Personal Data Protection (DPDP) Act in the final phases of consultation

Govt revises quality control order to promote high-quality PV products

The revised order will come into effect 180 days from the date of publication. The order covers Solar PV modules, Inverters to be used in solar PV applications and storage batteries

Govt approves National Critical Minerals Mission with Rs 34,300 cr outlay

Minister for information and broadcasting Ashwini Vaishnaw said that the mission aims to reduce the dependence on import of critical minerals and ensure self-reliance