Page 342 - Industry News

India's coal-power plant growth holds near five-year high at 4 GW in 2024

India's dependence on the dirtiest fossil fuel will likely continue for years, despite plans for the rapid deployment of clean power capacity

Weddings regain glitz as budgets rise, yet to peak, say industry experts

Metropolitan cities drove 34 per cent growth in demand for wedding services with the national capital dominating with a 44 per cent rise in wedding searches

AI, machine learning to help Indian pharma industry to pivot on innovation

The industry, which is expected to grow nearly two-fold to around $130 billion in size by 2030, is looking to take advantage of conducive policies, demographic and digital talent

Chinese firms Xiaomi, Haier tap reserves, loans for expansion in India

Faced with delays in equity funding approvals, Chinese companies such as Xiaomi, SAIC, and Haier are turning to cash reserves and loans to fund their expansion plans in India

Steel ministry urges FinMin to hike Customs duty to counter Chinese threat

The steel ministry believes that a higher import duty, if implemented, could mitigate the adverse effects of a rise in cheaper imports of finished steel, particularly from China

Regular employees in CPSEs dropped 3.1% to 0.81 million in FY24: Survey

CPSEs across categories employed a total of 1.5 million people in FY24, reflecting a growth of 2.05 per cent

Steel sector grapples with weak demand, Chinese import, K'taka tax proposal

In November 2024, the per tonne prices of flat steel products, both HRC (hot rolled) and CRC (cold rolled), stayed flat month-on-month (M-o-M) at Rs 48,000 and Rs 55,500

The India story: Progress in manufacturing sector but key challenges remain

The fourth part of the series assesses what it will take to encourage domestic manufacturing, while also being an alternative to China

Customers likely to gain as high-end hotels get GST options on dining

The GST Council decided to suitably amend the CGST Act to link GST on restaurant services with actual room tariff provided by the hotel

FinMin rejects the plan to establish body for procuring green steel

Says most steel for projects is purchased indirectly through contractors rather than the govt

Residential and commercial sectors to stand as pillars of resilience

Growth is expected to be stable on the supply side as well. With a stable outlook for both demand and supply, the year-to-sales indicator for inventory will continue to remain favourable

Improved efficiency, demand help hospital chains make gains in 2024

Average revenue per occupied bed of major health care companies grows

Cement industry eyes 8% growth in 2025 on infra boost, higher margins

The industry faced challenges on numerous fronts in 2024, right from moderate capacity utilisation to lower sales realisation

Office market buoyant, premium workspaces under-construction: Anarock

Anarock entered into office leasing segment in April this year, expanding its business from housing brokerage, capital market transactions, and leasing of retail

Flights not compliant with CAT III might get affected: Delhi airport

CAT III, or Category III, is an approach system that allows flights to land safely during poor visibility conditions

Retail's balancing act: Customer's fickle loyalty in the phygital age

In the last quarter of the calendar year 2024, women's sentiment on the economy dropped by 8 per cent, while that of men increased by 6 per cent, a trend observed across all income levels

Impact of July's tariff hike by telcos almost over, analysts believe

While overall subscriptions are down, active subscribers have risen since July

Sales to investments: Win some, lose some for real estate in 2024

Industry expects housing supply to increase next year

Beyond interruptions: How the year 2024 turned out for the business sector

2024 was a year of churn - and a big loss - but it was also when India made decisive strides in infrastructure and defence self-reliance

India's small businesses drive jobs growth, wage gains curbed by inflation

The number of small manufacturing businesses, mainly family- owned units such as garment makers, auto component makers and food processing enterprises, grew to 20.15 million