Page 339 - Industry News

DMRC, NCRTC get record ridership, give driving training to women in 2024

Metro achieved a major construction milestone in Phase 4 with the completion of an 865-metre underground tunnel between Chhatarpur and Chhatarpur Mandir Station

India has clean energy capacity over 200 GW; investments to double in 2025

According to the International Energy Agency, India's annual renewable capacity additions through 2030 are expected to increase more quickly than any other major economy, including China

Appliances industry expects 15% growth in 2025 on back of premiumisation

Year 2024 was transformative for the industry, in which it bounced back despite challenges such as rising raw material costs, price hikes, and supply chain disruptions

CRISIL analysis: IT services sector eyes 7-9% growth on BFSI, AI funding

A CRISIL Ratings study of the top 25 firms, accounting for 55 per cent of the Rs 14 trillion IT sector's revenue in fiscal 2024

India targeting Russia to boost banana exports to $1 bn: APEDA chairman

India has set a target of $1 billion banana exports in the coming years. At present, exports of most of the fruits, including banana, from India are happening by air route

Airlines to mandatorily share int'l passenger data with customs from Apr 1

All air transport service providers operating flights to/from India will have to register with the National Customs Targeting Centre-Passenger (NCTC-Pax) by January 10, 2025

Retailers see modest 7% growth during 2024 festive season sales: RAI

West India recorded the highest regional growth at 8 per cent, while North, South, and East India saw a 7 per cent rise each

Cos invested Rs 17,581 cr under PLI for specialty steel till Oct: Govt

To encourage domestic production of 'specialty steel' and lower imports by drawing in capital investments, the government introduced the PLI scheme for specialty steel

Health insurers disallowed claims worth Rs 15,100 cr during FY24: Irdai

Of the total Rs 1.17 trillion claims under health insurance of general as well as standalone health insurers, only Rs 83,493.17 crore or 71.29 per cent were paid during the year ending March 2024

Govt initiates countervailing duty probe on import of Vietnamese chemical

The move is aimed at guarding domestic manufacturers from the increase in imports that are subsidised by Vietnam

India's housing market in de-growth phase, pins hopes on upcoming Budget

The de-growth in the Indian housing market came after three straight years of stellar growth

Centre approves laptop and tablet imports for 2025 with mid-year review

The union government has approved the import of laptops and tablets for the year 2025, with a mid-year review to address supply-demand gaps and promote a gradual shift to local manufacturing

Key tourism events of 2024: 'Chalo India' and Kaziranga international mart

With upcoming Maha Kumbh in Prayagraj next year and a number of pilgrims expected to gather in the holy city for the religious congregation, the tourism ministry is also eyeing to show diversity

Tea industry witnesses overall production fall, rise in exports in 2024

The production is down by around 66 million kg during the January-October period in 2024

Transforming retail industry in 2025: AI & automation to play crucial role

Indian consumers, influenced by global exposure and digital technologies, are prioritising higher quality and value for money

Indian IT sector 'bytes' into 2025 with cautious optimism amid big AI bets

Experts also expect tech M&A counters to buzz right through 2025, with big data, cloud and Gen AI (Generative AI) acting as major draws for companies with takeover appetites

ICAI cannot issue standards on quality management: SG Tushar Mehta to NFRA

In October, the ICAI moved to introduce SQM1 and SQM2, along with 16 related changes to auditing norms

Antarctica, North Pole: India's senior citizens take to extreme travels

For KareVoyage, a travel platform that caters to the needs of travellers over 50, senior citizen travel is growing 17 per cent year-on-year

Auction of 11 critical mineral blocks called off over poor response

According to the Ministry of Mines, no bids were received for four blocks, while the remaining seven blocks attracted fewer than three technically qualified bidders

Navi Mumbai airport set to begin commercial ops in May 2025: AAHL

The airport, which is currently under construction, will start international operations by July next year, said Arun Bansal, chief executive officer (CEO), AAHL