Page 324 - Industry News

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

R-Day Sale: Marketplaces, D2C brands log 16 mn transactions via Unicommerce

On the back of deal offerings and campaigns, marketplaces observed a notable 16 per cent year-on-year (Y-o-Y) growth in order items

New gaming titles to dominate growth for India's gaming sector: Survey

Seven out of 10 industry stakeholders and company leaders believe that local themes, languages, and culturally resonant content may determine the success of Indian games in 2025

Asian healthcare market to touch $5 trillion by 2030, says BCG report

The pharmaceutical and MedTech sectors are also expected to see significant growth of 9 per cent and 8 per cent, respectively, over the next five years

Telecom firms request 2-year extension for compliance with DPDP Act rules

MeitY released the draft rules for the DPDP Act for public consultation on January 3 and invited feedback until February 18. However, the deadline is likely to be extended

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