Page 365 - Industry News

Diwali sees strong delivery orders as dine-in slows in major cities

From favourite food items to last minute preparations, delivery portals come through for consumers

Bachchan, Rajinikanth reunite: A study in contrasting star journeys

Bachchan has endorsed too many products and services to list here. Rajini has hardly endorsed anything, though brands plan fancy things around his movie releases

Low demand, intense competition in Q2: Top cement cos grow, others tumble

UltraTech, Dalmia, and Ambuja Cements are the only companies that reported growth in volumes compared to a year ago

Quick commerce dark stores poised to boost India's real estate demand

Q-commerce majors rush to grab these mini warehouses to cut logistics costs and attain the last-mile delivery objective

Saudi revives India investment plans amid shrinking market share

Move aimed at ensuring a major captive market for its crude oil, even as Indian refiners mull reducing the share of expensive Saudi grades sourced under term contracts

Coal production rises 7.4% in October, dispatches increase to 82.89 MT

Coal production from captive and other entities rose to 16.59 MT in October over 11.70 MT in the corresponding month of the previous fiscal

Power consumption rises marginally to 140.4 billion units in October

In the year-ago period, the power consumption grew by over 22 per cent to 139.44 BU from 113.94 BU in October 2022

Govt revises wastage, input-output norms for gold, silver jewellery exports

The wastage norms are the permissible amount of gold or silver that can be lost during the manufacturing process of jewellery for export

Petrol sales rebound in festival season, diesel demand continues to drop

Petrol sales of three state-owned firms, which control 90 per cent of the fuel market, rose to 3.1 million tonnes during October when compared to 2.87 million tonnes of consumption last year

Tech layoffs fall in October as IT industry shows signs of stabilising

October's layoff numbers reveal a continuing decline, maintaining the trend established in previous months and marking one of the lowest points for layoffs since 2023

Mumbai property registration up 22% annually in Oct to 12,960 units

In October 2024, residential units constituted 80 per cent of the total registrations, underscoring strong housing demand in the city

Production of iron ore, manganese ore, primary aluminium rises in H1FY25

Iron ore accounts for about 70 per cent of the total mineral production by value. Production of iron ore was 274 million tonne in 2023-24

Jet fuel price hiked 3.3%, commercial LPG rises Rs 62 per cylinder

ATF price on October 1 was cut by 6.3 per cent (Rs 5,883 per kl) and by Rs 4,495.5 per kl, or 4.58 per cent on September 1

Tech giants generate over Rs 60,000 crore in advertising revenue FY24

Tech giants Google, Meta, Amazon, and Flipkart generated more than Rs 60,000 crore in advertising revenue for FY24, reflecting a 9 per cent increase compared to the previous year

India, Saudi Arabia exploring collaboration in fintech, energy efficiency

Bilateral trade between India and Saudi Arabia stood at $43 billion in 2023-24 against $53 billion in 2022-23

Why did liquor demand drop for the first time since Covid in Sep quarter?

Whisky, which makes up two-thirds of the spirits segment, experienced a 1 per cent drop in volume, with brandy and rum also falling by 3 per cent and 2 per cent respectively

Inflation fails to dim Diwali spirit as brands curate affordable hampers

Consumers have been indulging in festive snacking and gifting for Diwali, encouraged by companies offering affordable gift packs and food hampers despite inflation concerns

Fintech firms capitalise on digital gold rush this festive season

Firms store physical gold in vaults to back up the accumulated gold stored digitally in a user's account

FMCG sector flags urban consumption slowdown as food inflation bites

Lower salary increases, high interest rates will continue impacting urban demand, says Nomura

Apple, Amazon take spotlight in mixed week for earnings of big tech firms

Strong reports from Apple and Amazon.com could cement the narrative that the megacap tech group remains Wall Street's most reliable trade