Page 363 - Industry News

Asian tea producers eyeing 'untapped' African mkt for exports: ATA chairman

Africa is a huge untapped and unpenetrated market. The existing export markets of Europe have become saturated, said Hemant Bangur, chairman of Asian Tea Alliance

Most urban Indians aspire to own homes, prefer home loans: Report

52 per cent of people prefer apartments, according to Business Standard-Knight Frank report

Crisis brewing? BS BFSI experts raise alarm on affordable housing supply

At the BFSI Insight Summit, industry leaders discuss challenges facing affordable housing, citing high demand but developers' reluctance due to costs, approvals, and low profits

Telecom issue: NCLAT dismisses petitions, says IBC to prevail over Trai Act

NCLAT also dismissed the second petition filed by TRAI, where it sought direction to the resolution professional of RCom for payments of statutory dues amounting to Rs 85.10 lakh

India's veg oil imports likely to decline further in 2024-25, says SEA

Weather has been favourable for Indian crops this year, resulting in higher production of soybean and ground nuts, Mehta said, adding that rapeseed output was also expected to rise

iPhone's rise in India: How Apple is taking on Android in premium segment

While Android continues to be the more popular smartphone platform in the country, iPhone has gained a stronger foothold among premium buyers

Apple to build hostel facilities for 100,000 women workers across India

Foxconn, Apple's largest iPhone vendor in India, is nearing completion of a hostel facility with 18,720 units in Chennai

'Higher tariffs on Indian pharma, auto likely under Trump's America First'

Experts also said that Trump could also tighten H-1B visa rules, impacting costs and growth for Indian IT firms

BS BFSI Summit: Our company culture key to innovation, says Razorpay MD

We have 50 different teams, each pursuing separate goals, which allows us to innovate and launch new products, said Shashank Kumar, co-founder and managing director of Razorpay, at the BFSI Summit

Recommendations on satcom to be brought out soon: Trai Chairman Lahoti

Trai's recommendations are expected to clarify allocation methodology, frequencies to be used, spectrum pricing, and terms&conditions that satellite operators must meet concerning national security

India-US ties strong; no way around India's tech prowess: Nasscom chief

'No matter what the outcome of the US election will be, I think there's no way around leveraging the phenomenal tech prowess that India has to offer, not just for US, but rest of the world' she said

LMV driving licence holders can drive vehicles with 7,500 kg weight: SC

There is no empirical data that LMV driving licence holders are responsible for rise in road accidents in the country, Justice Hrishikesh Roy, who wrote the unanimous verdict for the bench, said

Festive retail growth down by half, Nomura notes strong online demand

While retail sales, both online and offline, saw some increase during the festive season, the overall growth was slower compared to prior years

Large-scale industry to be set up near Channapatna, Ramanagara: Kumaraswamy

Kumaraswamy also criticized the stalled Rs 97 crore Underground Drainage (UGD) project in Channapatna, accusing Congress leaders of delaying tenders for two years due to personal interests

Banking on bricks: The real story behind India's real estate boom

Growth drivers in real estate include urbanisation, disposable incomes, and demand for residential, commercial, and logistics spaces, according to a Business Standard-Knight Frank report

SAHIs share in retail health insurance segment rises to 57% in FY24

According to the red herring prospectus (RHP) filed by Niva Bupa, the growth in share is attributed to the rising number of individual agents, an expanding hospital network

India's domestic air tariff up 43% in 5 years, just behind Vietnam

The airfare study conducted by Airports Council International (ACI), which represents 617 airports in this region, was done in partnership with Flare Aviation Consulting

Tea prices climb as weather impacts bulk costs; further hikes expected

The heavy cropping months for tea are June to September. However, the industry has not been able to offset initial losses

Tier-II and Tier-III cities fuel festive season sales: ClickPost report

There has been a 49% increase in online sales during the festive season, a 10 per cent growth over the 39% witnessed in 2023, according to a report by logistics intelligence platform ClickPost

Mospi announces advancing of release time of IIP, CPI data to 4 pm

The next release of CPI and IIP data for October 2024 will thus be available on November 12 at 4:00 pm on the ministry's official website