Page 368 - Industry News

Lower APM gas allocation to raise city gas cost by Rs 2-3 per kg: CRISIL

City gas operators get priority gas allocation at reduced prices under APM from legacy gas fields for the domestic compressed natural gas (CNG) and piped natural gas (PNG) - domestic segments

India's diesel consumption expected to rise 3%-4% in FY25: IOC Chairman

The arrival of the monsoon in July caused diesel demand to drop due to heavy rains in various parts of India

Entertainment industry loses Rs 22,400 cr due to piracy in 2023: EY-IAMAI

According to "The Rob Report" by EY and the Internet and Mobile Association of India (IAMAI), 51 per cent of media consumers in India access content from pirated sources

Average office rents across top 6 cities breach pre-pandemic levels: Report

Office rents in Delhi-NCR clock the highest increase, rising by 8.3% in 2024 compared to 2019

India banned drone imports to encourage local startups: Ram Mohan Naidu

Likewise, he noted that the banning of drone imports was a major step to promote self-reliance and indigenous manufacture, design and development of the unmanned aerial vehicles (UAV)

Setting the dial to 2030, Bharat 6G Alliance seeks PLI scheme extension

Focus on a 10x jump in patents to lead the 6G wave

Govt decides to scrap export tax on parboiled rice to boost exports

Last month India also gave the go ahead for exports of non-basmati white rice to resume. But New Delhi set a floor price for non-basmati white rice exports at $490 a metric ton

Indians plan to travel, shop, spend more this festive season: Amex Trendex

Domestic travel remains popular, with 88 per cent respondents opting for trips within India, while international travel is on the radar for 61 per cent

Better trade ties expected as India, China achieve LAC breakthrough

India on Monday announced it has reached an agreement with China on patrolling along the Line of Actual Control (LAC) in eastern Ladakh

Trai releases consultation paper on T&C of network authorisations

DoT had approached Trai, through a letter dated July 26, 2024, asking it to provide recommendations on terms and conditions, including fees or charges

CCPA sends notices to several quick commerce cos over disclosure violations

Quick commerce, which offers ultra-fast delivery of groceries and daily essentials, has gained significant traction in India's major cities, attracting consumers and venture capital investment

Prefer Indicorns over Unicorns for a Indian approach to biz: Kunal Bahl

The term "unicorn" was created by a venture capitalist in the US to describe companies valued at over $ 1 billion -- "a mythical figure", the entrepreneur-turned-investor said

SMEs' operating cash flow fell 69% in FY24; sales and profits outperformed

Amid increased scrutiny of price action in the SME segment by regulators and investors alike, a looks at their fundamentals in a three-part series. Part-1 examines sharp decline in operating cash flow

Generation gap: Will 6G find enough use cases to go where 5G hasn't?

Hope rises as a new generation of telecom technology knocks on our doors. Will it live up to expectations?

Reporting fair value: Streamlined valuations to boost investors' confidence

The various accounting standards fail to earmark the methodology of valuation to be adopted under different circumstances, leaving the choice of valuation method at the discretion of the valuer

Total ban on drone imports to encourage local startups, says minister Naidu

The Civil Aviation Minister noted that the government banned drone imports as it does not want some other country or company to benefit at the cost of India

Bengal eyeing investments in carbon black industry with EV-driven growth

There is tremendous potential for growth in this industry, particularly as EV demand rises and carbon black becomes integral to both tyres and battery components, state Chief Secretary said

Jewellers' body pushes for standardisation of gold rates across India

The council, which has already conducted over 50 meetings with its members, has managed to bring up to 8,000 jewellers on board for this initiative

Consumers express concern over data breaches, says PwC India survey

The survey also showed that only 16 per cent of consumers are aware of the DPDP Act across diverse geographies, age groups, occupational backgrounds and urban-rural divides

Germany expects 10% rise in Indian tourist arrivals in 2025: GNTB

The German National Tourism Board (GNTB) expects the Indian tourists to clock one million (10 lakh) overnight stays in Germany this year itself