Page 317 - Industry News

Premium products drive Republic Day sales growth amid urban slowdown

Retailers and durable goods companies report that sales during the Republic Day weekend grew by approximately 10-15 per cent compared to the same period last year

Indian aircraft MRO sector to grow 50% in topline by FY26, says Crisil

This along with players' improving profitability will have MRO players savouring improved credit profile over the medium term, it stated

Flexible workspace operators bullish on growth, raise equity: Report

The overall gross leasing of office spaces across major seven cities hit an all-time high in 2024

Govt expedites hiring to tackle 86% vacant director posts in central PSUs

Official data reveals that 648 of approximately 750 independent or non-official director roles on CPSE boards were unfilled by the end of December

Andhra Pradesh govt to develop Data City near Vizag, create 2 mn jobs

In line with the Telugu Desam Party's election promise to create 2 million jobs within five years, the state government has unveiled plans to develop the Data City in Madhurawada

Global majors to power Tamil Nadu's Rs 42K crore green hydrogen hub

Firms may soon get formal letter of award for South India's only hydrogen hub at VOC Port; Pilot project to be operational by mid-February

PLI scheme in the works to boost localisation of key telecom gear

In its discussions with stakeholders, according to the sources, the government has proposed two alternative models for linking incentives to a localisation roadmap

Govt may hike cess levied on coal production to boost pension corpus

Move to raise cess from Rs 10/tonne to Rs 25 aims to address pension fund shortfall

Energy transition fund in crude oil sector unlikely to make return

Petroleum ministry had requested to reinstate the fund in Union Budget

Gaekwad's Religare counter offer beyond Sebi's 15-day window: Burmans

In a statement, a spokesperson for the Burman family said Gaekwad has not made any competing open offer

Re 1 crop insurance scheme won't be discontinued: Maharashtra minister

The crop insurance scheme was introduced in the 2023 budget by the then-finance minister and deputy chief minister Devendra Fadnavis

Power producers face loss as CERC bars payment till plants begin ops

An association of power producers on January 23 wrote to CERC on the new provision for so-called infirm power, seeking a review of the norm

PLI scheme expansion for handicrafts, leather to create more job: Deloitte

It also suggested that the existing PLI schemes must continue in sectors that have seen success, such as electronics, auto and semiconductors

Astrology industry sees future where AI enhances traditional practices

Industry experts foresee a future in which AI complements rather than replaces human knowledge and expertise

Govt approves Rs 500 cr infusion in IFCI via issue of preferential shares

Domestic financial institution IFCI on Friday said the government has approved Rs 500 crore capital infusion in the company through the preferential issue of shares.

Supreme Court stays ruling favouring Tiger Global in Flipkart deal

India-Mauritius DTAA conundrum: The HC's decision in August '24 had affirmed Tiger Global's eligibility for capital gains tax exemptions under the DTAA

Ola and Uber respond to CCPA notice, deny claims of fare disparity

On Thursday, the CCPA issued notices to Ola and Uber for allegedly charging different prices for identical routes based on the mobile phone operating systems (Android or iOS) of users

As technology advances, fear of future shock for India's workforce

A large chunk of it is unprepared for new skills as AI and machine learning become common

Telcos block 20 global carriers allowing spoofed calls to reach India

DoT has asked telcos to flash 'international calls' on all calls originating abroad

How Darjeeling's iconic tea brand Makaibari blends lifestyle and heritage

Makaibari houses the world's first tea factory going back to 1859. It was the first to go organic and is among the most premium Darjeeling teas