Page 323 - Industry News

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

Delhi airport's shops, restaurants, and rentals outpace aviation revenue

Traditional aeronautical revenue contributed just 20 per cent to Delhi airport's total earnings in the first nine months of FY25, while 57 per cent came from non-aero activities

India's semiconductor market to grow at 13%, reach $103 bn by 2030: IESA

The report calls for the continuation of the semiconductor incentive scheme beyond the initial $10 billion allocation to achieve India's manufacturing ambitions

Good or bad: DeepSeek's ripple effect set to impact Indian IT industry

While DeepSeek's achievement democratises AI with its open-source model, these are early days to gauge its impact on the enterprise IT ecosystem, say industry experts

Trump's tariff plans for Canada, Mexico carry higher stake than Colombia

Multiple economic analyses show that universal tariffs against Canada and Mexico risk more inflation and an economic slowdown

Housing prices to moderate at 3-4% in FY26 on high base effect: Ind-Ra

Ind-Ra expects property prices to increase 5-6 per cent year-on-year (YoY) in 2024-25 fiscal, then moderate to 3-4 per cent YoY for 2025-26, due to base effects and new launches

India's AI infrastructure falls short, needs more investments: VCs

Deep technology needs long funding cycles, they say as Chinese AI DeepSeek shakes up tech world with its AI model

Apparels' body asks govt for labour reforms, improvement in skill schemes

Apparel Export Promotion Council (AEPC) Chairman Sudhir Sekhri said that the exports target of $40 billion for ready-made garments by 2030 is an ambitious aim

Tata Projects building largest ever back-end semiconductor unit in Sanand

In June 2023, the Gujarat government signed a $2.75 billion agreement with Micron for this project. Once operational, the facility is expected to create 5,000 direct jobs and 15,000 indirect jobs

Luxury residential outlook survey 2025: 62% HNIs to buy property in 2 yrs

The survey revealed that confidence in India's economic growth remains strong, albeit slightly tempered. Optimism has declined from 79 per cent in 2024 to 71 per cent in 2025 survey

Search for Goa grows 12% in Oct-Dec, hotel bookings up 14%: MakeMyTrip

The MakeMyTrip's data assumes significance as it comes in the backdrop of rising concerns about a decline in Goa's tourism, particularly from foreign visitors

Supply of homes priced up to Rs 1 crore falls 30% in 2024: PropEquity

Real estate data analytics firm PropEquity on Tuesday pointed out that India's top nine cities, where a majority of Indians migrate for jobs, are "staring at a housing crisis"

Govt to invest nearly $2 billion to develop critical minerals sector

India identified 30 minerals, including lithium, as critical for its energy transition efforts and to meet the growing demand from industries

India's port cargo rises 3.2% in December on higher container volumes

FY25 cargo sailing slow at 2.7 per cent growth

New flights launched to keep Maha Kumbh airfares in check, says govt

With additions, Prayagraj is now directly connected to 17 cities, including new destinations like Srinagar and Visakhapatnam, with indirect connectivity to 26 cities nationwide

Rise in US LNG production expected to benefit India: Petronet CEO

European gas reserves are some 17 billion cubic metres (bcm) lower than at the same time in 2024, according to ICIS analyst Alex Froley