Page 340 - Industry News

CAIT writes to Piyush Goyal, seeks action against quick commerce firms

CAIT national president BC Bhartia accused quick commerce platforms like Zomato-owned Blinkit, Instamart (Swiggy), and Zepto of misusing funds received through foreign direct investment

Granules India focused on getting FDA nod for drug from Gagillapur by FY26

It had voluntarily paused production in September

Private mines, CIL drive record coal output of 988 mt in 2024: Govt

Coal production from captive and commercial mines was 162 MT between January and November 2024, the ministry said

The India story: The journey to becoming the 'pharmacy of the world'

Critical tweaks in laws, spirit of enterprise and the pandemic brought about this transition. Tech and innovation will now define the industry's future

Year-ender 2024: AI graduates from buzzword to go-to industry application

The year 2024 brought innovations in AI applications, from healthcare to fighting online fraud, and more. However, this election year also raised concerns about AI biases and deepfakes

ESC calls for incentives to promote R&D, innovation in electronics

Implicit in ESC's wish list is the demand for an additional 5 per cent Income Tax reduction for Indian corporates spending over three per cent of their turnover on R&D and filing patents/designs

DGTR for anti-dumping duty on PVC paste resin from China, 5 others

The notification of the directorate said imports from these countries have caused material injury to the domestic industry

Malayalam film industry lost at least Rs 650 crore in 2024, say producers

Asked about the turnover from OTT platforms he said not many films could make it to the OTT as most of them were bought based on theatre collection

AI has potential to aid fair competition for sustainable growth: CCI chief

CCI has commenced the study on Artificial Intelligence (AI) and competition that is expected to be completed by mid-2025

Housing supply up 44% in Delhi-NCR this year to 53,000 units: Anarock

The number of new launches of residential properties stood at 36,735 units during 2023

Digital infra investment, policies help exports touch historic high in Oct

Services traded through computer networks, such as the internet, apps, emails, and digital intermediation platforms, have grown exponentially

India's exports to Australia up 64.4% in Nov: Commerce ministry data

India and Australia implemented an interim trade pact-Economic Cooperation and Trade Agreement (ECTA)- on December 29, 2022 and are now in negotiations to widen the scope of the pact

Govt cancels auction of 11 critical mineral blocks due to poor response

While no bids were received for four blocks, the remaining seven mines got less than three technically qualified bidders, according to the annulment notice

India to boost power generation, transmission infra to attain power for all

According to government estimates, peak power demand is expected to touch 270 GW in the summer season in 2025, up from the record high of 250 GW in May 2024 and 243 GW in September 2023

2025 to see AI turn into business value as it becomes reality at scale

Full impact on jobs is little known and so is the issue of intellectual property, data ownership and its privacy implications, and liability of using AI

Subscriber loss, price war to make recovery tough for pvt telcos in 2025

Private operators have invested around Rs 70,000 crore in telecom infrastructure and radiowave assets this year to expand coverage of next-generation 5G services which is one of main highlight 2024

May boost 4G, 5G investment: VIL calls DoT's bank guarantee waiver 'relief'

Prior to this reform, bank guarantees aggregating to about Rs 24,800 crore were required to be provided by VIL against each spectrum instalment, 13 months prior to the installment falling

Telcos face twin challenges on tariffs, upcoming satellite services front

Around 20 million subscribers dropped their connections. Reliance Jio, Bharti Airtel and Vodafone Idea jointly lost 26 million customers due to a 10-26 per cent price hike

Another lottery jackpot surpasses $1 bn. Is this a new normal in US?

In October, Mega Millions said it hoped increased ticket revenue and less stratospheric odds would lead to more people winning, even as prizes grow extraordinarily high

Housing price at Noida Expressway jumps 66% in 5 yrs: Anarock data

Real estate consultant Ananrock's data showed that average housing prices in Noida Expressway stood at Rs 8,400 per sq ft in the September 2024 quarter against Rs 5,075 per square feet in 2019