Page 350 - Industry News

Banks, matchmakers lend shoulder to self-funded wedding palanquin

Roll out accessible, flexible loans with revolving credit lines, overdraft facilities as wedding business gets bigger, grander

NHAI to raise Rs 1,000 crore via green bonds for Delhi-Mumbai Expressway

DME Development aims to raise about Rs 48,000 crore from banks and financial markets through loans and bonds and has successfully raised around Rs 42,000 crore

Food processing sector attracts $368.37 mn FDI till Sep FY25: Govt tells LS

Ireland invested $ 83.84 million, Singapore $ 48.45 million, Mauritius $ 41.65 million and the United States $ 38.60 million

India's steel imports from China hit record high, latest data shows

China, the world's biggest steel producer, shipped 1.7 million metric tons of finished steel to India during April-October, a 35.4 per cent increase year-on-year, the data showed

Will reduce demand, lead to job losses: Apparel body on proposed GST hike

The body has urged the government to reconsider the hike, warning that it could lead to reduced consumer demand, widespread job losses, and disruptions in the industry's value chain

Experts demand custom duty cut on artefacts being brought back to India

They argued that such measures would encourage individuals and organisations to restore India's cultural legacy

Promise of free electricity powered Andhra Pradesh-Adani Green deal

State govt to bear full cost of free power but could not arrange direct supply to rural areas

AWS commits $100 million in cloud credits for underserved students

Additionally, students will have access to technical guidance from AWS solution architects

NODWIN Gaming gets Rs 64 cr investment from parent Nazara Technologies

Company was valued at Rs 3,441 cr in Nov; has IP rights for events in esports, gaming, music

Indian pharma develops more effective drug to combat antibiotic-resistance

Wockhardt's nafithromycin is India's first FDA-approved antimicrobial that is seen as an alternative to existing antibiotics like azithromycin, which is facing increasing resistance in humans

GST hike on apparel could shut MSMEs, lead to 100,000 job losses: CMAI

The CMAI said that the proposed GST rate revisions pose a significant threat to the apparel industry, which is facing challenges like drop in consumer demand, profit erosion and working capital issues

Open to the idea of alternate financing models for MSMEs: Piyush Goyal

He also said the ministry can earmark particular areas in the proposed industrial townships for the MSMEs

SECL registers negative growth in coal production for 4th successive month

The Chhattisgarh-based firm produced 13.3 million tonne (MT) coal in November, which is 9.9 per cent less than 14.8 MT produced during the corresponding period of last year

DoT bats for expanded telecom PLI to push diversified manufacturing

An expanded PLI will be a key ask for the DoT during the upcoming pre-Budget inter-ministerial consultations, set to begin soon, officials said

DGCA to streamline norms for Indian airlines' wet-leased plane operations

With persisting supply chain woes, there is a delay in aircraft deliveries and to meet the near-term needs, carriers are opting for planes on dry and wet leases

42 and counting: Dhoni leading scorer in brand world; outpaces Big B, SRK

Dhoni's leadership has been credited for attracting top-tier sponsors and maintaining CSK's mass fan following

Israel seeks collab with India Inc, startups; aims to hire Indian workers

"We are looking at opportunities across all sectors and would like to import labour from India -both skilled and unskilled"

Arpu vs users: Telecom tariff hikes in July trigger surprising trends

The hike's biggest impact has been the customer churn: India's mobile service market has lost 16.81 million connections since July

7 major cities see 305k apartments sale worth Rs 5.10 trn in 2024: Report

JLL India said it expects sales for the Oct-Dec 2024 quarter to potentially match or exceed the trailing three-quarter average of over 75,000 units

Lilly's tirzepatide challenges semaglutide in obesity drug market

The trial enrolled 751 adults with obesity or overweight conditions and at least one weight-related medical problem