Page 327 - Industry News

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

Govt preps Rs 82,000 cr relief for non-telcos: Decoding the AGR dispute

Adjusted Gross Revenue is a crucial financial metric in India's telecom sector which represents the revenue telecom operators must share with the government under their licensing agreements

Competition watchdog seeks official documents in Pernod Ricard probe

In the Delhi antitrust case, Pernod has been accused of asking retailers in 2021 to ensure 35 per cent of their stock consisted of the French company's brands

Blackstone to invest $11 bn in Maharashtra to develop infra, data centers

Blackstone signed three agreements with the Maharashtra govt at the World Economic Forum in Davos. It plans to develop office complexes, hotels, malls, and warehouses in the Mumbai 3.0 region

HPZ Token scam: Fintechs deny reports of ED probe, freezing of accounts

Crypto scam probe: Media reports claimed that ED had frozen Rs 500 cr of PayU, Razorpay & other virtual accounts of payment gateways

E-commerce just got bigger: FMCG brands like ITC, Amul, Nestle lead the way

FMCG giants like ITC, Nestle, Amul, and Dabur are expanding their e-commerce platforms across cities, offering up to 30 per cent discounts, aiming to boost customer base and direct sales

Winter sales keep R-Day offers under weather; online rebates galore

Lower stocks limit offline discounts

Bharti Airtel and Reliance Jio comply with Trai's voice-only mandate

Jio has launched an 84-day plan costing Rs 458 with unlimited voice calling, free national roaming, 1,000 free SMSes, and access to Jio Cinema, and its TV apps, but no mobile data benefits

Pockets and packets shrink as urban consumers face budget squeeze

Companies say that the urban consumer is stressed majorly due to taking on loans and credit in various forms like personal loans and credit card debts

India poised for global leadership in AI, balance necessary: Vaishnaw

Vaishnaw said people across the world now understand how India could stay on a sustained growth path when many other countries went deep under debt

Telecom operators introduce new voice and SMS only plans for prepaid users

The move assumes significance as telecom regulator TRAI, last month, had amended tariff rules to mandate mobile service providers to issue a separate plan for voice calls and SMS

CCPA issues notices to Ola and Uber over differential pricing practices

CCPA seeks response from Apple regarding iPhone's alleged performance issues

Union Budget 2025-26: Ships likely to be granted infrastructure status

Inclusion in the harmonised master list of infrastructure sectors will allow developers in the sector access to infrastructure lending at easier terms

No major impact of US sanctions on Russia, oil to remain stable: IOC chief

On Donald Trump's second US presidency and its impact on India, he said it should be positive for the energy sector because "he has emphasised that we have to produce more energy"

Crisil SME tracker: Govt move on exports to boost revenue for sugar SMEs

Last financial year, the industry witnessed a sharp 10 per cent growth in revenue, driven by an 8 per cent year-on-year (Y-o-Y) increase in sugar prices and a steady 2 per cent rise in consumption

Cosmetic surgery sector eyes $11.5 bn facelift on rising disposable income

Experts attribute this growth to several factors, including US FDA- approved imports from international markets

L&T Semiconductor plans $10 bn investment in silicon fabrication plant

Move only after it has visibility of hitting $1 bn annual sales of fabless semicon products designed by the firm

Cloud, GCCs key growth drivers of India's digital economy: Govt report

Country's cloud market, which accounted for 1.1-1.2 per cent of the global market in 2020-23, and GCCs (global capability centres) were named some of the fastest-growing segments of digital economy

Machine tools to generate $3.8 bn revenue by 2030: Karnataka minister Patil

Speaking at the inaugural event of IMTEX 2025, organised by the Indian Machine Tool Manufacturers' Association (IMTMA), he noted that India ranks 9th globally in machine tool production