Page 358 - Industry News
Delhi's Khan Market 22nd most expensive retail location globally: C&W
With rents at $229 per square foot annually (around Rs 19,330), Khan Market retains its position on the prestigious global list and continues to be India's most expensive high street
 "Delhi's Khan Market 22nd most expensive retail location globally: C&W")
Textile key source of economic livelihood after agriculture: Giriraj Singh
He said the government will revive the jute sector, for which Rs 12,000 crore has been earmarked
 "Textile key source of economic livelihood after agriculture: Giriraj Singh")
Migrating low-ticket payments to UPI Lite key to easing system pressure
UPI Lite allows low-value transactions without requiring a PIN and are carried out without utilising a remitter bank's core banking systems
 "Migrating low-ticket payments to UPI Lite key to easing system pressure")
AC major Voltas margins need to match growth trajectory for further gains
The near-term positive for the company is the performance of its unitary cooling products or UCPs in Q2. It expects similar growth in the coming quarters
 "AC major Voltas margins need to match growth trajectory for further gains")
Tea firms served much-needed profit boost as climate change bites
Some in the industry warn companies will end financial year with marginal profit
 "Tea firms served much-needed profit boost as climate change bites")
India studying temporary tax plea on China steel imports: JSW Group chief
Indian steel mills have been grappling with a higher influx of Chinese steel imports, hitting domestic prices and denting companies' earnings
 "India studying temporary tax plea on China steel imports: JSW Group chief")
Karnataka's Nandini enters North Indian pastures to challenge dairy titans
To launch in Delhi on Thursday; to compete with Amul and Mother Dairy
 "Karnataka's Nandini enters North Indian pastures to challenge dairy titans")
Relief for telcos as SC grants right to claim tax credits on infra duties
Overturns 2014 Bombay HC ruling classifying infrastructure items as non-capital goods
 "Relief for telcos as SC grants right to claim tax credits on infra duties")
Ensure ample staff at check-in counters, govt tells airlines as fog sets in
The meeting was called on Wednesday to assess readiness of the aviation ecosystem amid the "early onset of fog/smog" in Delhi
 "Ensure ample staff at check-in counters, govt tells airlines as fog sets in")
Initiative to expedite visas of Chinese workers helping PLI firms: Official
Earlier firms used to flag the issue of delay in getting visas for Chinese technicians, who are required for works like installation or repair of certain machines, besides training workers in India
 "Initiative to expedite visas of Chinese workers helping PLI firms: Official")
Rajasthan govt to soon come out with Clean Energy Policy 2024: CM Sharma
In the pre-summit, MoUs for investment worth Rs 6.57 trillion were exchanged with investors from the energy sector
 "Rajasthan govt to soon come out with Clean Energy Policy 2024: CM Sharma")
More wedding days, social media to drive retail business this shaadi season
Retailers and wedding brands expect a major boost in sales, with 4.8 million weddings and Rs 6 trillion in business projected between October and December
 "More wedding days, social media to drive retail business this shaadi season")
Asia's jet fuel imports from India to hit multi-yr high in Nov, shows data
Indian aviation fuel arriving in hubs including Singapore, Hong Kong and Malaysia will probably hit around 2.7 million barrels in November, up at least 40% from October
 "Asia's jet fuel imports from India to hit multi-yr high in Nov, shows data")
India drops 2 places but remains among top 10 climate performers: Report
The CCPI report, however, noted that significant changes in India's climate policy are unlikely. The growth-oriented approach to climate action is expected to continue or intensify
 "India drops 2 places but remains among top 10 climate performers: Report")
Paper & paperboard imports rise by 3.5% to 992,000 tonnes in Apr-Sep FY25
Imports of these products had surged by 34 per cent to 19.3 lakh tonnes in 2023-24 due to higher shipments from ASEAN countries, the association said citing the commerce ministry data
 "Paper & paperboard imports rise by 3.5% to 992,000 tonnes in Apr-Sep FY25")
Equity investments in real estate may rise 49% to $11 bn this yr: CII-CBRE
Industry body CII and real estate consultant CBRE on Wednesday released a joint report titled 'Leading the Charge: Crafting the Skylines of Tomorrow' at the annual CII Realty 2024 conclave
 "Equity investments in real estate may rise 49% to $11 bn this yr: CII-CBRE")
Coal import by NRS, domestic thermal power plants drops 9.8% in H1FY25
The coal import by domestic thermal power plants for blending purpose also declined 8.59 per cent to 9.79 MT in the April-September period from 10.71 MT a year ago
 "Coal import by NRS, domestic thermal power plants drops 9.8% in H1FY25")
Skills shortage hampers India's clean energy goals and manufacturing plans
Modi's government has imposed 40 per cent tariffs on Chinese solar panels and 25 per cent on cells, allocating about $3 billion in production-linked incentives for local manufacturers as part
 "Skills shortage hampers India's clean energy goals and manufacturing plans")
Businesses gasp as Delhi's bad air chokes demand; air purifiers sales rise
Malls go empty, open-air markets also hit
 "Businesses gasp as Delhi's bad air chokes demand; air purifiers sales rise")
A lot of 'ills' have crept into the system: Panda on product mis-selling
'You don't need to chase customers. You have to give the option to the customer. No mis-selling, no force-selling, the Bima Sugam will also facilitate that,' says Debasish Panda
 "A lot of 'ills' have crept into the system: Panda on product mis-selling")