Page 352 - Industry News

Most airlines not switching quickly enough to sustainable jet fuel: Study

A lack of investment by major oil players, who have the capital to build SAF processing facilities, is hampering the market's growth, the study says

Why Indian airlines can't raise fares despite soaring passenger demand

Despite soaring passenger numbers, Indian airlines can't raise fares due to fierce competition, rising costs, and price sensitivity, leaving them struggling to stay profitable

Indian insurance firms seek zero-coupon bonds to manage long-term risks

Insurance companies have made a request to the Reserve Bank of India, which has then discussed the matter with the Finance Ministry of the government

3 million getting employment from mining in Rajasthan: CM Bhajanlal Sharma

CM Sharma said the department should speed up the mining exploration work and identify new mining areas and make the auction process transparent

Top Indian cities report about 1 million unsold housing units: Study

The new housing supply during Q3 2024 declined by 19 per cent YoY

Govt introduces Coastal Shipping Bill in Lok Sabha amid noisy protests

Union minister Sarbananda Sonowal introduced the Bill amid noisy protests by opposition members over the recent violence in Uttar Pradesh's Sambhal and the Adani issue

Ultratech to Shriram Cement: Price hikes key trigger for cement majors

Ultratech Cement saw volumes up 3 per cent, while Shriram Cement was the top volume gainer at 9 per cent, with Dalmia Bharat up 8 per cent

Aviation minister Naidu bats for more women pilots into helicopter industry

Highlighting that 15 per cent of pilots in India are women compared to the global average of 5 per cent, the minister said efforts are continuing to empower women in the aviation sector

Steel ministry proposes 25% safeguard duty on import of certain steel items

The proposal came at a meeting between Union Minister of Steel H D Kumaraswamy and Commerce and Industry Minister Piyush Goyal in the national capital

Govt deploys advanced tech to enhance oversight over retail fuel outlets

The regulatory mechanism, developed under the Legal Metrology Act, 2009 and Legal Metrology (General) Rules, 2011, provides a robust oversight framework

India's power consumption rises 5% to 125.44 billion units in Nov

The highest supply in a day (peak power demand met) also rose marginally to 207.42 GW in November 2024 from 204.56 GW in the year-ago period

Big tech's bloodbath: 150,000 jobs cut as market shifts shake industry

In 2024, nearly 150,000 workers across major tech companies, including Tesla, Intel, Microsoft, and Cisco, are facing layoffs as these giants restructure and adapt to challenging economic conditions

SpiceJet secures rights to operate 100 Haj flights from 4 cities in 2025

Haj services have become a critical revenue stream for the airline with Spicejet anticipating to earn Rs 185 crore from these flight operations in 2025

Housing prices up by 11% in 8 cities; Delhi-NCR highest at 32% rise: Report

Realtors' apex body CREDAI, real estate consultant Colliers and data analytic firm Liases Foras on Monday released their joint 'Housing Price-Tracker Report Q3 2024'

Slowdown in urban demand hits FMCG growth; rural recovery offers hope

Initial data from NielsenIQ for October shows overall FMCG growth at 4-5 per cent, with volume growth at around 3 per cent and price growth at just 1-2 per cent

PM Internship Scheme: Launch delayed; applicants awaiting revised timeline

The pilot project of the PM Internship Scheme received over 650,000 applications for 127,000 opportunities offered by 280 Indian companies participating in the scheme

MoS Jitendra Singh meets with institutional leaders on sidelines of IISF

Dr Jitendra Singh called for a strategic, collaborative approach involving academia, research institutions, and industry to tap into India's potential and push forward with groundbreaking progress

Delhi discoms point to Rs 3,000 crore revenue gap, seek fair tariffs

Discoms in Delhi have filed petitions with power regulator DERC for a "cost-reflective" tariff to be announced for this fiscal, citing a combined revenue gap of more than Rs 3,000 crore in 2022-23.

Post-festive slump: UPI volume down 7%, value drops 8% in November

In October, UPI recorded 16.58 billion transactions worth Rs 23.5 trillion-the highest since the digital payment system became operational in April 2016

Flights to Kolkata from Bangladesh dwindling due to crisis, traders hit

According to officials at the Kolkata airport, the airline carried 7,391 passengers to Kolkata in July, which came down to 1,646 in November