Page 338 - Industry News

CRISIL analysis: Crude oil prices may soften on lower risk premium

Amid the shifting sands of geopolitics, Russia remained India's top crude oil supplier accounting for 35 to 40 per cent of total imports

Nuclear power industry opens doors to private companies, with caveats

Experts say stringent terms could make industry apprehensive

Iron ore production rises 3% in Apr-Nov period to 182.6 mn tonnes

Mines ministry in a statement said that the country's manganese ore output rose by 9.5% to 2.3 MT in April- November period over 2.1 MT during the corresponding period of the previous fiscal year

Global steel cos struggling for profits, demand up in India: Tata Steel CEO

Narendran said 2023 and 2024 have been difficult for the sector globally because of compression in steel margin and a continued struggle to make profits due to curbs imposed in China

Tobacco exports to cross Rs 13,000 cr this year with 8% growth: Govt

India is the second largest producer of tobacco in the world after China. It is also the fourth largest producer of Flue-Cured Virginia (FCV) tobacco in the world after China, Brazil and Zimbabwe

Govt tackles fog delays: Staffed airport counters, better communication

The Ministry of Civil Aviation has implemented new measures to tackle fog season challenges for travellers

Govt's export arm EIC plans to expand food testing infra to boost exports

EIC is an advisory body to the central government. It notifies commodities which will be subjected to quality control or inspection prior to export

Housing prices may see modest growth in 2025, say property experts

Real estate developers and property consultants are expecting that the RBI will cut the repo rate this year

Centre to address high mining taxes in upcoming consultations with states

The SC last year permitted states to impose additional taxes on mining activities, indicating that royalty collected by states under Sec 9 of the Mines and Minerals (Dev & Reg) Act, 1957 is not a tax

Core sector growth beats high-base effect, at 4-month high of 4.3% in Nov

In August, the output of the core sector had contracted (-1.6 per cent) for the first time in 42 months

TCS, Infosys, Wipro on edge as H-1B changes loom with Trump's return

This may have an impact on India's $250 billion tech sector which plays an important role in the economy, employing about 5.4 million people

BS CEO poll: Corporate India sees demand recovery, capex surge in 2025

Top execs plan to go on hiring spree, expect govt to offer tax incentives

New aviation law 'Bharatiya Vayuyan Adhiniyam' to take effect from Jan 1

The new Act -- Bharatiya Vayuyan Adhiniyam, 2024 -- that replaces the 90-year old Aircraft Act, was cleared by the Parliament earlier this month

India's goods, services exports likely to cross $800 bn in 2024: GTRI

This year, the report estimated that in 2024, merchandise exports are expected to reach $ 441.5 billion, showing a modest 2.34 per cent increase over $ 431.4 billion in the previous year

Time for telcos to reap gains from tariff hike: EY's Prashant Singhal

Private operators have invested around Rs 70,000 crore in telecom infrastructure and radiowave assets this year to expand the coverage of next-generation 5G services in 2024 for the sector

CCI seeks more info on anti-competitive allegations against qcom companies

The complaint was submitted by the All India Consumer Products Distributors Federation (AICPDF) to the the commerce and industry ministry

Core sector growth slows to 4.3% annually in November, betters Oct numbers

On a monthly basis, the production growth of these sectors was higher than the 3.7 per cent expansion recorded in October 2024

India may face challenges on a few parameters in WB's B-Ready report: GTRI

The Global Trade Research Initiative (GTRI) said as India is preparing for its inclusion in the B-READY framework, its focus should be on leveraging global insights while championing local reforms

Mumbai SEZ leasing rises sharply in 2024, reverses 3-year downward trend

The decline in SEZ leasing in recent years had been largely driven by the government's sunset clauses, which phased out tax benefits, making these zones less attractive to potential tenants

After rough ride this year, Indian startups look for a promising 2025

According to data from Tracxn, Indian startups raised a total of $30.4 billion in funding throughout 2024, a 6.5 per cent decline from the $32.5 billion secured in 2023