Page 335 - Industry News

Working on replicating trusted source product rules for power sector: NCSC

Speaking at a cyber security conference of industry chamber FICCI, Nair said the implementation of NSDTS in 2021 has made telecom networks safe

Walmart-owned Flipkart hires Dunzo co-founder Kabeer Biswas to lead Minutes

Biswas' appointment is seen as a strategic move by Flipkart to help it compete with quick commerce players such as Zomato-owned Blinkit, Swiggy Instamart, and Zepto

India adds record 24 GW solar power capacity in 2024: JMK Research

In a recent report, JMK said: "In 2024 (January to December), India added about 24.5 GW of solar and 3.4 GW of wind capacity

Little change in oil prices as markets weigh demand against US inventories

Global oil demand is expected to remain strong throughout January, fuelled by colder than normal winter conditions

Small, mid-cap funds boost overall flows into equity MFs in December

Inflows into equity mutual funds rose to Rs 41,156 crore ($4.8 billion) last month compared to Rs 35,943 crore in November 2024

Weak demand leaves half of India's mobile manufacturing facilities idle

While mobile phone production capacity reached over 500 million units by the end of 2024, India only produced around 250 million, primarily iPhones for export

Q-commerce drives surge in demand for blue-collar jobs in India: Survey

The quick commerce industry hired about 40,000 workers last quarter to handle increased festive shopping and e-commerce demand

London-based BP wins ONGC contract to boost Mumbai High production

Part of the 116,000 sq km Mumbai Offshore Basin in the Arabian Sea, Mumbai High is India's largest oilfield that has been operational since 1976

India Inc may see modest revenue, earnings growth recovery in Q3FY25

According to estimates by various brokerages, the combined net profit of the Nifty 50 companies could grow 7.9 per cent year-on-year

Rent taking up larger share of urban income, travel expenses rising

The numbers also reflect a growing divide between rural and urban India when it comes to rents

Softening base metal prices cushion rupee fall for consumer durables makers

In the last three months, the rupee has depreciated 2.2 per cent against the dollar, which typically hurts consumer durable companies.

Foxconn, Dixon ask govt to pay pending production-linked subsidies

The government pledged a total of Rs 41,000 crore ($4.8 billion) in subsidies to manufacturers, and part of that remains unallocated because some companies didn't meet estimated production targets

Proposed steel import duty may drive prices higher in 2025: CRISIL

In 2024, domestic steel prices fell, influenced by higher net imports

Capex should be ramped up by 25% over BE: CII President Sanjiv Puri

CII President Sanjiv Puri said that exports are facing headwinds while suggesting measures such as minimum import and anti-dumping duty

Q3 results preview: Cement firms' earnings, profitability likely to decline

Pricing weakness to chip away at earnings: Single-digit demand growth, realisations to dip

India's AI push gains force amid PM's power talks with tech leaders

While numerous AI startups are emerging, other companies are integrating AI into their existing operations

Indian employers plan to outpace global peers in future tech adoption: WEF

The report also identifies increased digital access, geopolitical tensions, and climate-mitigation efforts as key trends expected to shape the future of jobs in India by 2030

Lupin gets clearance from USFDA for its Pithampur manufacturing facility

Lupin, headquartered in Mumbai, India, is a global pharmaceutical player with products distributed in over 100 markets

Budget 2025: NRAI seeks industry status, subsidies for food services sector

National Restaurant Association of India (NRAI) said restaurants should be allowed to operate for longer hours, and also sought targeted subsidy schemes and access to debt financing for SMEs

Actor Varun Dhawan acquires two apartments in Mumbai's Juhu for Rs 86.92 cr

The apartments are in Twenty by D'DECOR, a premium residential and group housing development located in Juhu