Page 329 - Industry News
India, US, West Asia to add 100 GW solar capacity in 2025: Wood Mac report
According to its latest research, the module prices will also increase this year, after two years of low solar panel prices due to global overcapacity
 "India, US, West Asia to add 100 GW solar capacity in 2025: Wood Mac report")
CCPA notices sent to Ola, Uber over Android-iOS fare differences: Joshi
Differential pricing has stirred widespread discussion online with netizens sharing screenshots of how companies charge different prices for the same product/service from iPhones and Android users
 "CCPA notices sent to Ola, Uber over Android-iOS fare differences: Joshi")
Insurers push for more hedging tools from regulator to boost strategies
Currently, the regulatory norms do not permit insurers to use instruments like options to manage equity-market risks
 "Insurers push for more hedging tools from regulator to boost strategies")
Reliance to invest Rs 3.05 trillion in Maharashtra, creating 300k jobs
The Maharashtra government signed over 50 MoUs with prominent companies at the ongoing World Economic Forum, including the Tata Group, Ceat, Essar Renewables, and Bharat Forge
 "Reliance to invest Rs 3.05 trillion in Maharashtra, creating 300k jobs")
Wealthy Indians tap into bathroom luxury with $18,500 smart toilets
India is emerging as a hotspot for Kohler, Toto and Hansgrohe, the German manufacturer renowned for its taps and showers
 "Wealthy Indians tap into bathroom luxury with $18,500 smart toilets")
Employers expect cautious hiring in Q4 as 80% face talent shortage: Survey
The ManpowerGroup Talent Shortage Survey collected data from more than 3,000 employers across four regions of the country
 "Employers expect cautious hiring in Q4 as 80% face talent shortage: Survey")
Small tea growers urge Centre for restrictions on sub-standard imports
Tea Board has defined STGs as planters whose area of cultivation is within 25 acres and mostly scattered across the tea-growing regions
 "Small tea growers urge Centre for restrictions on sub-standard imports")
First 'Made-in-India' chip to now roll out in 2025, says Ashwini Vaishnaw
Notably, the chip was supposed to be launched in December 2024, as announced by Ashwini Vaishnaw at the Davos summit in January last year
 "First 'Made-in-India' chip to now roll out in 2025, says Ashwini Vaishnaw")
Govt draft e-commerce norms need tweaks to suit varied biz models: Experts
The ecommerce market in India, estimated to be at $137.21 billion in 2025 is expected to reach $363.30 billion by 2030
 "Govt draft e-commerce norms need tweaks to suit varied biz models: Experts")
India Inc's investments rise 39% to Rs 32 trn in nine months: SBI Report
Government investment reached 4.1 per cent of GDP in FY23, the highest since FY12, while private sector investment as a share of GDP climbed to 11.9 per cent
 "India Inc's investments rise 39% to Rs 32 trn in nine months: SBI Report")
Smartphones emerge as second-largest export category, shows govt data
Apple Inc, through its iPhones, accounted for two-thirds of India's smartphone exports during the period under review, underscoring the impact of the production-linked incentive (PLI) scheme
 "Smartphones emerge as second-largest export category, shows govt data")
BPCL Q3 results: Net profit rises 19.6% to Rs 3,806 cr, revenue down 1.9%
Management expects crude oil prices to settle at $70-75
 "BPCL Q3 results: Net profit rises 19.6% to Rs 3,806 cr, revenue down 1.9%")
NRAI to move CCI in 10 days, push small restaurants to join ONDC platform
Speaking to Business Standard, NRAI president Sagar Daryani said the association is engaging with its legal team daily and is prepared to explore further legal options if necessary
 "NRAI to move CCI in 10 days, push small restaurants to join ONDC platform")
Target to register 10,000 GI products by 2030 from current 605: Goyal
A GI is primarily an agricultural, natural or a manufactured product (handicrafts and industrial goods) originating from a definite geographical territory
Middlemen halted Russian oil offers after US sanctions: Indian refiner
The refiner on average gets 16-17 cargoes of Russian oil in a month, which cover about 35% of its needs
 "Middlemen halted Russian oil offers after US sanctions: Indian refiner")
Engineering colleges witness strong placement season after two-year lull
The IT services sector is expected to remain strong for the next seven to eight months, suggesting a robust hiring trend for FY26 through 2026-27
Govt widens approvals for Russian insurers after US oil sanctions
As Soglasie isn't blacklisted by any western nation, the new permit provides a safe option for tanker operators that haul Russian barrels to India
 "Govt widens approvals for Russian insurers after US oil sanctions")
Domestic air passenger traffic in India jumps by 6.12% to 161.3 mn in 2024
IndiGo's share in domestic air passenger traffic increased from 60.5 per cent in 2023 to 61.9 per cent in 2024
 "Domestic air passenger traffic in India jumps by 6.12% to 161.3 mn in 2024")
'Skyrocketing' airfare, lack of tariff regulation dominate House panel meet
PAC Chairperson K C Venugopal described the meeting of the panel, which has witnessed fiery and at times acrimonious discussion along party lines in the past, as "one of the best" sittings
 "'Skyrocketing' airfare, lack of tariff regulation dominate House panel meet")
Demand for retail spaces in malls, high streets falls 10% in 2024: CBRE
Real estate consultant CBRE data pertains to leasing in investment-grade shopping malls, high streets and standalone developments
 "Demand for retail spaces in malls, high streets falls 10% in 2024: CBRE")