Page 318 - Industry News

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

Republic Day weekend rush: Coldplay and Kumbh drive travel interest

Coldplay is set to perform two back-to-back shows at the Narendra Modi stadium in Ahmedabad over the weekend

India's multiplex chains anticipate higher occupancy this R-Day weekend

This hope comes after Hindi cinema saw one of its worst performances at the box office in 2024, with multiplex chains struggling to fill their theatres

Gold breaches Rs 83K for first time amid uncertainty over Trump policies

According to the All India Sarafa Association, the precious metal of 99.9 per cent purity rose Rs 200 to hit a fresh lifetime high of Rs 83,100 per 10 grams

Budget2025: Invest in infra, startup, EdTech to create jobs, say experts

Finance Minister Nirmala Sitharaman will present the General Budget 2025 in the Lok Sabha on February 1

CDSCO flags 135 drugs for failing quality standards for December 2024

Most drugs found NSQ by central labs this month were produced in units located in cities such as Ahmedabad, Vadodara, Himachal Pradesh's Baddi, Puducherry, Roorkee and Haridwar

Mumbai, New Delhi among top 10 investment destinations in Apac: CBRE

In 2024, India saw a record-high $11.4 billion in real estate investments, marking a 54% increase from 2023