Page 343 - Industry News

BPCL clears decks for Rs 95k cr Ramayapatnam refinery in Andhra Pradesh

The refinery was a commitment made in the Andhra Pradesh Reorganisation Act 2014

FRAI asks govt to provide support to 'kirana' stores facing qcom challenge

It said that such support would enable the kirana stores to remain competitive amidst the increasing encroachment into their space by quick commerce companies like Swiggy Instamart, Blinkit or Zepto

Trai to come out with recommendation for satcom spectrum 'very soon'

Trai concluded an open-house discussion on the terms and conditions for the assigning spectrum for certain satellite-based commercial communication services in the second week of November

Raise import duty on petchem to protect domestic industry: Ficci asks govt

While the domestic Indian producers are caught in the cyclical nature of the business, China is scaling up petrochemicals production capacity and fast becoming a leading exporter

Online pharmacy operating losses to reduce in FY26, predicts CRISIL

For e-pharmacies, this positive trajectory is being driven by a strategic pivot towards high-margin product segments, such as wellness items and medical equipment

CRISIL analysis: Sprint towards power sector's 500 Gw of green energy goal

As of October 2024, India's non-fossil base, including solar, wind, large-hydro and other renewables, surpassed 200 gigawatt (Gw)

CRISIL analysis: Exports, domestic demand to drive pharma sector's growth

Bulk drug exports are expected to see moderate increases, supported by volume growth from new launches, customised synthesis, and rising demand for complex drugs

Logistics, Industrial spaces demand seen at 50-53 mn sq ft in 2024: Report

Abhishek Bhutani, Managing Director, Logistics & Industrial, Cushman & Wakefield, said, "India's logistics and industrial sector continues to showcase remarkable growth potential, with leasing volumes

Indian carriers see 12% more domestic flyers at 14.2 million in Nov

Indian airlines carried 1.42 crore passengers on domestic routes in November, nearly 12 per cent more compared to the year-ago period, amid rising air traffic demand.

Puri, Varanasi, Haridwar top spiritual destinations in 2024: Oyo report

The report delves into travel patterns and trends, with its findings based on the booking data of the travel tech major for the entire year

Govt to release guidelines on pesky calls next month: Consumer Affairs secy

Trai Chairman Anil Kumar Lahoti, who was also at the event, said the consumer affairs ministry is focusing on guidelines for business entities' roles, responsibilities and conduct

BigBloc's arm Siam Cement wins order from Tata for semiconductor unit

The JV has bagged its first big order after commencing operations at the Rs 65-crore AAC wall plant in Kheda, Gujarat. The plant has an annual capacity of 2.5 lakh cubic metres for large-format AAC

Govt reviews $30 billion sulphur-cutting programme for coal plants

Instead of FGDs, government officials have proposed deploying locally made electrostatic precipitators that remove fine particles such as dust and smoke from emissions

Gucci, Louis Vuitton sales skyrocket in Tier-II, III cities as demand rises

E-commerce, travel retail, and rising consumer aspirations beyond metro markets are driving the surge in demand for luxury brands. Online sales from smaller towns have doubled compared to last year

IndiGo leads Indian aviation with record 10 million passengers in November

Indian aviation achieved record-breaking traffic in November, with IndiGo flying over 10 million passengers, Air India crossing 30 lakh, and Akasa Air recording its best month yet

State refiners may buy Middle East spot oil to replace Russian shortfall

The refiners fear continued problems in securing Russian oil in the spot market could continue in coming months

Mobile users can now opt for voice and SMS recharges without data charges

The data from telecom operators reveals that a whopping 150 million users in India still use feature phones that highlights the need for the non-data-specific recharge options

Indian IT hiring set to rebound by 2025, AI and data science to dominate

In 2024, the Indian IT sector experienced approximately a 7 per cent decline in hiring compared to the previous year

Gross leasing of office space rises 14% in top 6 cities: Colliers India

Gross leasing of Grade A office spaces stood at 58.2 million square feet in 2023 calendar year

Year in review: 5 important regulatory changes by Indian govt in 2024

Addressing diverse areas ranging from patent processes to frameworks for AI regulation, the Centre introduced several significant regulatory changes in 2024