Page 367 - Industry News

Kirana stores face tough Diwali with 30% sales drop, quick commerce thrives

In India, approximately 13 million kirana stores form the backbone of FMCG distribution, especially in rural regions and Tier-II and Tier-III cities, accounting for nearly 85 per cent of sales

No FTA if EU insists on opening up of India's dairy business: Piyush Goyal

He added that the two sides have to understand, listen and appreciate the sensitivities of each other

India wants to keep its dairy industry out of EU free-trade deal: Goyal

A trade deal could be concluded swiftly if sensitivities were respected on both sides, Goyal told the Asia-Pacific conference of German business in the Indian capital

DoT pushes local manufacturing with new procurement clause for 5G gear

As Indian companies enhance the capacity to manufacture 5G technology products at scale, they will be prioritised for 'Make in India' procurement orders, ensuring these goods are sourced domestically

Centre plans AI-driven traffic safety, invites foreign investment in infra

Union Transport Minister Nitin Gadkari announced plans to work with private sector experts on traffic solutions to prevent road accidents, claiming India's road infrastructure will soon surpass the US

Centre, states likely to review labour code rollout at December meet

Last year, a study released by a government agency - V V Giri National Labour Institute- had said that the rules framed by various states and UTs under the new labour codes have "too much" divergence

India Inc Q2FY25 revenue growth seen at 5-7%, slowest in 4 yrs: CRISIL

The analysis shared by CRISIL is based on 435 companies that account for almost half of the listed market capitalisation, which reported an 8.3 per cent growth in the April-June quarter

Fixed wireless access users go past FTTH, consume 600 GB data a month

Telcos report that FTTH services, which are more stable and offer higher speeds, have seen monthly consumption per subscriber home ranging from 250 to 300 GB

ITU to prioritise global standards on DPI and AI after India push

The World Telecom Standardization Assembly in Delhi adopted resolutions across new tech areas

Cabinet approves Rs 7,798 crore for railway and space initiatives

New line will put Amaravati on railway map

How cash-on-delivery makes delivery agents an easy target of violence

A murder has brought into focus the risks agents face during cash-on-delivery orders

Govt keen to strengthen CECA services pact with Australia to boost exports

The two countries have already implemented an interim trade agreement in goods and services in December 2022 and are now under negotiations to expand its scope through CECA

Aim to have 10 billion square feet of green buildings in 10 years: IGBC

As of now, over 14,511 green building projects in India, covering 12.307 billion square feet, have adopted IGBC ratings

Trai's new traceability rules won't disrupt e-commerce OTP services

Trai's new mandate, set to take effect on November 1, would require traceability of messages sent by principal entities, including banks, e-commerce platforms, and financial institutions

Aviation minister Naidu urges Airbus to make commercial aircraft in India

Minister inaugurated prominent aerospace company's new headquarters in Delhi

COAI urges licence fee cut, says telcos face double burden of AGR payments

"However, in telecom, the TSPs buy the spectrum at huge prices, and thereafter, also make substantial AGR-related payments for the same. This would amount to buying a house and paying the tenant

Hindalco industries joins International Copper Association as new member

India is going to be one of the most exciting hubs for Copper and its products over the next few decades

Govt aims to develop 50 more airports in 5 years: Civil aviation minister

The minister was speaking after inaugurating the Airbus India and South Asia Headquarters - Training Centre in the national capital

Cabinet nod for Rs 1K crore venture capital fund for space sector startups

The move is expected to accelerate the growth of the private space sector in India, driving advancements in space technology

Oil prices rise 1% as tensions in West Asia heighten supply concerns

Oil prices have gained about 4 per cent this week after shedding more than 7 per cent last week on concerns of oversupply and weak demand and a perceived calming of Middle East tensions