Page 345 - Industry News

CII proposes reforms in India's priority sector lending framework

The framework ensures equitable credit distribution, contributing to the socio-economic growth of underserved areas

Delhi-NCR housing market remains buoyant; sales up 25%: PropEquity

Real estate data analytic firm PropEquity data shows that housing sales in Delhi-NCR are likely to rise to 12,915 units during the October-December period of this calendar year from 10,354 units

India has potential to be sustainable aviation fuel producer: IATA official

The International Air Transport Association (IATA) represents around 340 airlines, including Indian carriers, that account for more than 80 per cent of the global air traffic

Bihar receives record Rs 1.81 trillion investment proposals, says minister

Sun Petrochemicals will invest Rs 36,700 crore in renewable energy projects, including pump hydro and solar plants. Adani Group, which is the largest private investor in the state, committed to invest

Leather exports likely to grow by over 12% to $5.3 bn this fiscal: CLE

CLE Chairman Rajendra Kumar Jalan said several global companies, including from the US, are showing keen interest in setting up manufacturing bases in India

55th GST Council takes key decisions, defers rate cuts on insurance premium

GST Council addresses disaster levy, clarifies tax exemptions, and revises ITC norms, while deferring insurance premium GST cut and key rate rationalisation decisions

Q3 housing sales fall 21% in top 9 cities, demand up 25% in NCR: PropEquity

As per the data, the total sales of residential properties across the nine cities are likely to decline to 1,08,261 units in the current quarter as against 1,37,225 units in the same period last year

Govt exploring the possibility of setting up dedicated space parks

Move may be key to achieving Centre's goal of $11 billion space-related export by 2033

Productivity of IT employees on rise even as firms apply brakes on hiring

The country's ten biggest listed IT companies that are part of the Nifty IT Index earned net sales of Rs 42.3 lakh per employee on average in FY24

Silver lining: FMCG firms roll out tailored offerings for golden years

Affluent and health conscious, mature consumers are becoming selective about what they buy. Businesses are stepping up to meet their needs

UP raises land acquisition rate for Jewar International Airport by 39%

Against the rate of Rs 3,100 per sq meter, the CM announced that the rate would be Rs 4,300 per sq meter

DoT asks telcos to play cybercrime awareness caller tune 8-10 times daily

The telecom department has ordered operators to play cyber crime awareness caller tune 8-10 times per day to telephone subscribers for three months.

Trai recommends additional 5 Mhz spectrum to Railways in 700 Mhz band

Trai recommended taking back spectrum assigned to Indian Railways in other frequency bands viz. 146-174 MHz, 400 MHz band, and 900 MHz band in a time-bound manner after it completes implementation

DGTR initiates probe into 'steel flat product' imports amid concerns

As part of the investigation, the directorate would determine whether unforeseen developments have resulted in a sudden, sharp and significant increase in imports in recent periods

Integration of industry, govt platforms can improve logistics: Piyush Goyal

He also urged the logistics industry to work on following sustainable and green practices to cut carbon footprint in the sector

Bihar attracts investment proposals of Rs 1.8 trn at global investors' meet

As many as 57 MoUs were signed in general manufacturing for Rs 55,888 crore, followed by food processing sector Rs 13,663 crore in 70 units. Sun Petrochemicals , Adani Group were among top bidders

SOGI urges 28% GST on platform fees and not deposits, for gaming firms

Blocking and banning are completely ineffective in the digital space due to 'domain farming', he said. Domain farming refers to the practice of acquiring and managing multiple domain names

AI, upskilling, and sectoral growth lead India's evolving 2024 job market

While the IT/ software services sector faced challenges earlier in the year, including a 17 per cent decline in the first quarter, the sector rebounded with a 12 per cent growth by the third quarter

Concerts, live events, movie re-releases rule entertainment in 2024: Report

18% growth in India's live entertainment consumption in 2024, says BookMyShow

India's grand weddings face tax raids over Rs 7,500 crore unaccounted cash

The I-T department probes Rs 7,500 crore spent on lavish weddings, targeting Jaipur planners and fake billing networks linked to foreign destination events and cash transactions