Page 360 - Industry News
Tyre firms raise prices for third straight quarter to combat rising costs
Both CEAT and JK Tyre maintain that strong demand in the replacement tyre market is helping to cushion the impact of price hikes
 "Tyre firms raise prices for third straight quarter to combat rising costs")
Review Starlink, Kuiper reach before spectrum allocation: Reliance to Trai
"The authority should critically examine the capacities created by these mega ... constellations such as Starlink and Kuiper," the letter dated Nov. 15 said
 "Review Starlink, Kuiper reach before spectrum allocation: Reliance to Trai")
Public procurement through GeM portal crosses Rs 3 trn so far this fiscal
Higher buying activities by various ministries and departments have helped in reaching the figure, the official said
 "Public procurement through GeM portal crosses Rs 3 trn so far this fiscal")
Lubrizol, Polyhose sign MoU to set up medical tubing unit near Chennai
Production is expected to commence in 2026, and will make tubing that can be used in highly specialised devices such as balloon and minimally-invasive-procedure catheters
 "Lubrizol, Polyhose sign MoU to set up medical tubing unit near Chennai")
Donald Trump's transition team aims to kill Biden admin's EV tax credit
Elon Musk, one of Trump's biggest backers and the world's richest person, said in July that killing the subsidy might slightly hurt Tesla sales but would be "devastating" to its U.S. EV competitors
 "Donald Trump's transition team aims to kill Biden admin's EV tax credit")
Sugar output slumps 44% in early 2024-25 season as mills delay crushing
Only 144 sugar mills were operational as of November 15, down from 264 mills in the previous year, the National Federation of Cooperative Sugar Factories Ltd (NFCSFL) said in a statement
 "Sugar output slumps 44% in early 2024-25 season as mills delay crushing")
Mumbai Airport's total passenger traffic rises 4% in Oct to over 4.42 mn
Significantly, this year, three major festivals -- Dussehra, Dhanteras and Diwali -- fell in October
 "Mumbai Airport's total passenger traffic rises 4% in Oct to over 4.42 mn")
Govt announces more cuts in supply of domestic gas to CNG retailers
IGL gets domestic gas allocation for meeting the requirement of CNG sales volumes at the pricing fixed by the government (presently at USD 6.5 per million British thermal unit)
 "Govt announces more cuts in supply of domestic gas to CNG retailers")
Prices of new housing projects in NCR up over 2-fold since 2019-end: Report
In statement on Friday, real estate data analytic firm PropEquity said that "between 2019 and September 2024, Noida saw the highest rise at 152 per cent to Rs 14,946 per sq ft from Rs 5,910 per sq ft
 "Prices of new housing projects in NCR up over 2-fold since 2019-end: Report")
Imports from UAE surges 70% in October to $7.2 billion, shows data
The trade deficit during the seven-month period has widened to $17.71 billion from $6.85 billion in the same period a year ago
 "Imports from UAE surges 70% in October to $7.2 billion, shows data")
Moody's says Indian economy in sweet spot, forecasts 7.2% growth in 2024
The agency said sporadic food price pressures continue to inject volatility in the disinflation trajectory
 "Moody's says Indian economy in sweet spot, forecasts 7.2% growth in 2024")
Gems, jewellery exports rise 9.18% in Oct on high diamond demand: GJEPC
The overall exports stood at USD 2,746.09 million (Rs 22,857.16 crore) during the corresponding period of previous year, GJEPC said in a statement
 "Gems, jewellery exports rise 9.18% in Oct on high diamond demand: GJEPC")
Clean energy job growth outpaces fossil fuel sector in India: Report
Energy jobs in India accounted for 1.5% of total employment in India at 8.5 million in 2023
 "Clean energy job growth outpaces fossil fuel sector in India: Report")
India's oilmeal exports up 5% in Oct; rapeseed meal shipments decline
The Solvent Extractors Association of India (SEA) said in a statement that rapeseed meal exports dropped to 1.60 lakh tonnes in October from 1.69 lakh tonnes a year ago
 "India's oilmeal exports up 5% in Oct; rapeseed meal shipments decline")
Govt mulling task force to push for 500 GW renewable energy capacity target
The minister for new and renewable energy has also urged industry players and stakeholders to devise strategies which would help the country meet the target in a time-bound manner
 "Govt mulling task force to push for 500 GW renewable energy capacity target")
Focus on quality, sustainable manufacturing help boost exports: AEPC
Ready-made garment exports increased by 35 per cent year-on-year to $1.22 billion in the last month
 "Focus on quality, sustainable manufacturing help boost exports: AEPC")
India mobility opportunity massive, have barely scratched surface: Uber
The mobility giant will continue to bring cutting-edge innovation to the market
 "India mobility opportunity massive, have barely scratched surface: Uber")
Quick commerce poses challenge to retailers, might become issue: Uday Kotak
Kotak also pitched for an increase in the defence budget, saying it is strength on this front that shows the true prowess of a country
 "Quick commerce poses challenge to retailers, might become issue: Uday Kotak")
15 months after DPDP Act, rules to be out by the end of this month
The law will be applicable to all kinds of personal data, without making sub-categories such as sensitive personal data and critical personal data
 "15 months after DPDP Act, rules to be out by the end of this month")
India set to become hottest destination for global fashion brands by 2025
Country's luxury retail market sales set to rise by 15-20% in 2025: McKinsey survey
 "India set to become hottest destination for global fashion brands by 2025")