Page 366 - Industry News

Indian smartphone market value surges 12% in Q3 CY2024: Counterpoint

Samsung, prioritising its flagship Galaxy S series and enhancing its value-driven portfolio, led the market by value with a 23 per cent share

Centre issues new guidelines to handle bomb threats on flights; details

The revised guidelines from the Bureau of Civil Aviation Security outline several new indicators for assessing bomb threats

Petrol pump dealer commission raised, retail prices remain unchanged

BPCL said intra-state freight rationalisation will reduce price disparities in petrol/diesel, benefiting consumers, especially in remote areas

Goyal meets Schneider Electric CEO in Riyadh to discuss investment plans

The minister is in Saudi Arabia to discuss ways to further deepen the strategic partnership between the two countries and explore new avenues of trade, investment and economic cooperation

Quick commerce led to closure of 200,000 kirana stores: Retailers' body

Recent data reveals, metro cities have experienced the greatest impact of quick commerce with 90,000 kirana stores shutting down in these areas alone, compared to 60,000 closures in Tier-I cities

Businesses expect strong sales as Diwali shoppers balance budget, big plans

Samriti Khanna, a homemaker in her 30s, knows it too well as she treads the fine line between temptation and staying within budget

Sustainability summit: Six water sanitation startups win Rs 25 lakh each

Nayana's project Jalam, a low-cost water filtration technology that can be used at household level as well as community level, was among the six chosen projects

Revenue from Mumbai's property registrations in Oct rises 52%: Report

Mumbai recorded property registration revenue of Rs 1,081 crore in the Diwali month

Quick commerce boom: Industry giants race to claim their slice of the pie

India's quick commerce sector has seen an astonishing growth rate, with sales increasing by more than 280 per cent over the past two years

Only one PIA bidder left: Why are buyers running away from Pak Airlines?

Initially, the government aimed to complete PIA's privatisation by June, but this timeline has since been pushed to October due to various delays

FMCG, auto firms hike ad spends in Q2 to revive demand, eye festive boost

As urban demand slows, FMCG and auto leaders increase Q2 ad spends. Companies such as Nestle, Colgate, and Tata Motors focus on tactical marketing to clear inventory and boost sales

Govt classifies blended ATF with 2% excise for regional flight operators

The Centre levies a 2% excise duty on blended ATF for regional flights under a new category in the Central Excise Act; aviation sector urges incentives over cost concerns for voluntary adoption

Centre, power industry exploring curbs on most potent greenhouse gas SF6

The stable nature that makes SF6 an excellent insulator also aggravates its impacts on the climate

Framework on sustainability for textile industry on cards amid global focus

The ministry of textiles is preparing the framework and has been in consultations with the industry to take into consideration its views

Realty cos raise over Rs 12,800 cr between Jan-Sept 2024 via QIPs: Report

17% of total funds raised through QIPs in 9 months of 2024 went to real estate firms. Renewable energy tops the list

Sugar industry calls for price hike to Rs 39.14 per kg to help cut losses

Present ex-mill sugar prices average Rs 36.5 per kg, which falls below the calculated production cost of Rs. 41.66 per kg

Record-breaking real estate IPOs in India raise Rs 13,500 cr in 2024 so far

123 IPOs listed till October 20 this year

Updated regulation on curbing spam calls likely by Jan, says Trai chairman

Trai Chief said series of measures taken over the past months by the regulator to combat spam calls and malicious/fraudulent messages is leading to "significant and perceptible clean up of the system"

Irish tax perks under I-T lens: What it means for aircraft leasing?

The I-T department's scrutiny stems from notices issued to the offshore firms, asserting that their primary motivation for operating from Ireland is to evade taxation on operating lease rentals

NPPA asks pharma manufacturers to cut price of 3 anti-cancer drugs

The Department of Revenue, Ministry of Finance, issued a notification dated July 23, this year reducing the customs duty to nil on the three drugs