Page 357 - Industry News
India to offer $4-$5 bn incentives to boost electronics, cut China reliance
India's electronic production has more than doubled in the last six years to $115 billion in 2024
 "India to offer $4-$5 bn incentives to boost electronics, cut China reliance")
Ashwini Vaishnaw invites German companies to trust, invest in India
Addressing the TV9 Global Summit in Stuttgart on Thursday evening, he said India was growing steadily at 6-8 percent and was poised to continue this trajectory for many years to come
 "Ashwini Vaishnaw invites German companies to trust, invest in India")
Bacardi distills new Irish whisky variant for India as demand rises
Demand for Irish whisky was six times higher in 2023 than in 2020: IWSR report
 "Bacardi distills new Irish whisky variant for India as demand rises")
Emami MD & VC Harsha Vardhan Agarwal takes over as Ficci President
At the industry chamber's 97th annual convention in the national capital, he took over from Anish Shah
 "Emami MD & VC Harsha Vardhan Agarwal takes over as Ficci President")
Refined petroleum product export rose 12% in October, shows PPAC data
Globally, supplies have continued to rise despite ongoing production cuts by the Organization of the Petroleum Exporting Countries (OPEC)
 "Refined petroleum product export rose 12% in October, shows PPAC data")
Indian carriers projected to add 600 planes in next 5 yrs: Aviation Secy
To meet the growing demand in the country's air travel market, Indian carriers have made four significant aircraft orders since last year
 "Indian carriers projected to add 600 planes in next 5 yrs: Aviation Secy")
JSW MG surges in sales: Is this the disruption electric car market needs?
JSW MG was the second largest electric car company in India in October, with its three models selling 4,878 units. Tata Motors was just a shade ahead with 5,067 units sold of its six models
 "JSW MG surges in sales: Is this the disruption electric car market needs?")
President Irfaan Ali welcomes India's commitment to Guyana's sugar industry
He further said that PM Modi's visit- the first by an Indian PM to Guyana in 56 years- represents a 'significant milestone' in enhancing cooperation between the two nations
 "President Irfaan Ali welcomes India's commitment to Guyana's sugar industry")
Govt to come out with legal framework to ensure data privacy: Piyush Goyal
Goyal pointed out that it will be important to understand how in the future the digital world and sustainability issues will intersect
 "Govt to come out with legal framework to ensure data privacy: Piyush Goyal")
Bengaluru Tech Summit: India's DPI has reached maturity level to go global
Countries showing interest in adopting India's digital public infrastructure model, which would help them deliver essential services, empower citizens, and improve lives by enabling digital inclusion
 "Bengaluru Tech Summit: India's DPI has reached maturity level to go global")
Tariff impact: Reliance Jio loses 7.96 mn users in Sep, shows Trai data
Reliance Jio lost nearly 80 lakh subscribers in September, while BSNL defied industry trends and added 8.4 lakh users
 "Tariff impact: Reliance Jio loses 7.96 mn users in Sep, shows Trai data")
Bihar Business Connect from Dec 19-20, over 80 nations likely to take part
The two-day event will be attended by Union ministers, secretaries of central ministries along with major industry associations, said a state government official
 "Bihar Business Connect from Dec 19-20, over 80 nations likely to take part")
ACC, NLC, JSW Energy & others bag five coal mines in 10th round of auction
While ACC Ltd bagged a coal mine in Madhya Pradesh, NLC India Ltd and JSW Energy Utkal Ltd won one block each in Odisha
 "ACC, NLC, JSW Energy & others bag five coal mines in 10th round of auction")
Jio, Airtel, Vi lose over 10 mn mobile subscribers in Sep; BSNL adds users
Reliance Jio lost 79.69 lakh mobile subscribers in September compared to the previous month, Bharti Airtel (14.34 lakh users), and Vodafone Idea (15.53 lakh users)
 "Jio, Airtel, Vi lose over 10 mn mobile subscribers in Sep; BSNL adds users")
Domestic airlines' fleet to touch 1,400 planes in 5 years: Official
Currently, the fleet is around 800 aircraft and leading carriers IndiGo and Air India have placed significant plane orders
 "Domestic airlines' fleet to touch 1,400 planes in 5 years: Official")
Domestic solar installations surge 167% to 16.4 GW in Jan-Sep: Mercom
India added 16.4 gigawatt (GW) of solar capacity during January-September 2024, posting a 167 per cent year-on-year rise on account of commissioning of delayed projects, Mercom Capital said.
 "Domestic solar installations surge 167% to 16.4 GW in Jan-Sep: Mercom")
One-third of organisations report data breaches costing over $1 mn in 3 yrs
While most firms have expanded their investment in GenAI, it has expanded their attack surface due to challenges in merging it with cybersecurity strategies
 "One-third of organisations report data breaches costing over $1 mn in 3 yrs")
India's Russian oil imports up 3.3% in Oct from Sep, shows trade data
India, the world's third biggest oil importer and consumer, has been gorging on Russian oil
 "India's Russian oil imports up 3.3% in Oct from Sep, shows trade data")
Goyal urges industry to raise quality standards, appoint representatives
Calls on industry leaders to partner government in easing compliance and decriminalising biz laws
 "Goyal urges industry to raise quality standards, appoint representatives")
Steelmakers need to collaborate with IISc, IITs to boost industry: Minister
According to him, India's unwavering commitment to achieving net-zero emissions by 2070 places the steel industry at the forefront of this transformation
 "Steelmakers need to collaborate with IISc, IITs to boost industry: Minister")