Page 362 - Industry News

CCI probe finds Zomato, Swiggy breached antitrust regulations: Report

The CCI documents are not public, in line with its confidentiality rules, and were shared with Swiggy, Zomato and the complainant restaurant groups in March 2024

Odisha govt approves investment of Rs 3,353 crore in various sectors

These projects cover a wide range of sectors, including Chemical/Renewable Energy, Steel, Aluminium, Food Processing, Manufacturing, Textile & Apparel, Tourism, Pharmaceuticals, and Cement

CBIC reduces compliance burden for customs cargo service providers

It has been notified to reduce it to 5 days as a trade facilitation measure. "This will enhance the cash flow for the entities by reducing the cost," the statement said

Indian Tea Association suggests quality grading system for packet tea

About 75 to 80 per cent of tea consumption has shifted to the packaged format

RIL lobbies for India satellite spectrum auction in clash with Starlink

Billionaire Ambani runs India's biggest telecom company, Reliance Jio. Analysts say a spectrum auction, requiring much more investment, would likely deter foreign rivals

Starlink disputes predatory pricing allegations at Trai open house

Jio, which has made a case for the auction of satellite spectrum, on Friday said it is "not afraid of competition" but that 'same services same rules' must apply

Truck rentals ease after Diwali peak; vehicle sales improve: Report

Cooling likely to improve as country enters wedding season and infra projects pick up, it says

Steel imports from China increases 36.7% in H1FY25, shows govt data

China exported 1.4 million metric tons of steel to India during the period, up 36.7% from a year ago

Vedanta, Oil India, Hindustan Zinc emerge top bidders in mineral auctions

The latest awards follow a second-round auction held after the initial round failed to attract sufficient interest, as the government mandates at least three technically qualified bids per block

Access to capacity: Public transport in urban India has miles to go

It has been pointed out that metro train networks are expensive and not ideal unless commuting distances are long

Data, tech & Bima Sugam to transform insurance sector: Irdai boss at BFSI

At the Business Standard BFSI Insight Summit 2024, Debasish Panda, Irdai boss, shared his transformative vision for India's insurance sector

SC restores DRI's key powers; Rs 20K cr Customs duty recovery back on track

Setback for Vedanta, Vi, Adani Enterprises, Canon, and 104 others

India's smartphone market becomes second largest globally by unit volume

In Q3 smartphone shipments, India accounted for 15.5 per cent of global shipments, second only to China, which led with a 22 per cent share

Rural demand lifts FMCG sector to 5.7% growth in July-Sept: NielsenIQ

Rural volume growth 'surpasses' urban markets for the third straight quarter, according to consumer intelligence firm

BS BFSI Summit: 'Fintechs had ample time to comply with regulations'

Industry players said that regulatory bodies in India engage in private deliberations with firms, scrutinising and evaluating them before taking any supervisory action

CCI proposes changes to penalty recovery rules, seeks feedback by Dec 6

Inviting comments by December 6, the CCI said the proposed changes target procedural clarity and effectiveness in recovering penalties levied for violations of the Competition Act, 2002

FSSAI asks states to enhance surveillance in warehouses of e-com operators

In the meeting, States and Union Territories were urged to ramp up surveillance at popular tourist destinations to ensure heightened safety standards in preparation for the peak tourist season

Amid India's premiumisation shift, Global SS Beauty opens Armani boutique

With beauty coming on board, Armani is expected to contribute 25-26 per cent to the overall GSSB business

Climate finance adaptation grew by 32% in 2022, but large gap remains: UN

At the UN climate conference in Glasgow in 2021, developed nations were urged to at least double their adaptation funding for developing countries from about $ 19 billion in 2019 by 2025

BS BFSI: Compliance doesn't impede progress, say financial services heads

BS BFSI Summit: While compliance requires significant investment, it does not impede industry progress, said CTOs and CEOs as they discussed the role of regulation in India