Page 332 - Industry News

Income tax rate on affordable housing projects be lower at 15%: CREDAI

CREDAI has expressed serious concern over falling share of affordable housing segment in total fresh supply in the past few years

Bollywood trade association writes letter to PM Modi, highlights grievances

It highlighted that workers are made to work '16 to 20 hours a day without holidays, proper breaks or rest', and also forced to work several days continuously

Institutional investments in real estate jump 61% in 2024: Vestian

2025 is expected to be challenging due to increasing geopolitical friction, a slowdown in the global economy, and elevated inflation levels, according to Vestian

Adani top bidder for 124-km NH stretch in Tamil Nadu, offers Rs 1,692 cr

The National Highway Authority of India further plans to monetise 86 highway stretches, covering 4,912 km, as a part of its strategy to raise funds for infrastructure development and debt reduction

Budget may levy higher import duties to stem rupee slide: EY's Srivastava

On January 13, the rupee logged its steepest single-day fall in nearly two years and ended the session 66 paise down at its historic low of 86.70 against the US dollar

Consumer goods brands rush to grab eyeballs as pilgrims come for Mahakumbh

Top brands, including Dettol, Dabur, Pepsico, Coca-Cola, and corporate houses such as ITC and Reliance have set up camp ashrams, lined up their products, and are distributing samples and refreshments

Dharavi redevelopment project to transform realty in nearby areas too

Developers banking on its strategic location and improved connectivity

Indian refiners hopeful of Moscow finding path around latest US oil curbs

Processors are hopeful that the new US government may help to blunt the impact of the far-reaching curbs announced last week

Udaan set for IPO as NCLT clears demerger plan for corporate restructuring

The approved restructuring will boost Udaan's agility and open up various financing avenues, including the ability to pursue an IPO in India by 2026, according to sources.

Top 7 capital goods, engineering companies bagged Rs 1 trn orders in Q3

Data on brokerage estimated new order wins for top-7 capital goods and engineering firms (excluding Hindustan Aeronautics) combined was upwards of Rs 1 trillion

DGCA warns Akasa Air for violating dangerous goods transport regulations

During the inspection, the regulator found that electronic devices containing lithium batteries were being accepted without proper checks or verification of battery power

FTA talks with India have been relaunched: UK govt tells Parliament

According to the UK Department for Business and Trade (DBT) statistics, the total trade in goods and services between the UK and India was GBP 42 billion in the four quarters to the end of 2024

India, Oman hold fifth round of talks for proposed free trade agreement

The negotiations for the agreement, officially dubbed as Comprehensive Economic Partnership Agreement (CEPA), formally began in November 2023

Affordable housing crisis pushes Spain to plan 100% tax on non-EU buyers

Spanish Prime Minister Pedro Sanchez announced the plan this week which will tackle housing affordability and high rents in the Southern European nation

Commerce ministry may seek 5-year extension of interest equalisation scheme

The scheme helps exporters from identified sectors and all MSME manufacturer exporters to avail of rupee export credit at competitive rates at a time when the global economy is facing headwinds

Fashion and beauty lead as tier-III cities drive e-commerce growth in 2024

Items like casual wear and western apparel emerged as the most sought-after products in 2024, followed by beauty, wellness, and personal care segment that constituted 20 per cent of the total orders

Domestic aviation sector likely to clock Rs 2k-3k cr net loss in FY25: ICRA

In the report on Tuesday, rating agency ICRA also said that domestic air passenger traffic was estimated at 153 lakh in December, 7.3% higher compared to 142.5 lakh recorded in November last y

EU continues to savour Russian LNG as US sanctions threaten India's imports

The US' latest sanctions on Russian energy supply chains could hit India's oil and gas imports, even as the EU nations and other American allies may face little impact

Govt likely to incentivise textiles in Budget as crisis hits B'desh exports

India's textile sector employs an estimated 45 million people and the government is considering increasing the textile ministry's budget allocation for 2025/26 by 10 per cent-15 per cent

Telecom spectrum in 6-Ghz band key to avoid 5G radio wave crunch: COAI

Wifi service providers have been demanding de-licensing of spectrum in 6 Ghz, which will make the wave useful for providing internet services