Page 372 - Industry News

E-commerce GMV to increase 23% to $12 bn in 2024 festival season: Report

Growth led by digital penetration in India's Tier-II and Tier-III cities, according to Shiprocket

India-Russia co-chair 10th session on Modernisation, Industrial Cooperation

Under the Strategic Partnership, several institutionalized dialogue mechanisms operate at both political and official levels to ensure regular interaction and follow-up on cooperation activities

Trai pushes for OTT app regulation: Why WhatsApp and Telegram are in focus

Trai chief Anil Lahoti called for regulators across the globe to strike a balance between fostering innovation and maintaining a fair marketplace, given the cross-border nature of OTT services

Delhi's ban, barium blues hit country's fireworks capital Sivakasi

The ban on barium has impacted the production of key items like sparklers, chakris, anars, twinkling stars, and pencils

India extends operation of imported coal-based power plants: Circular

Mandate comes despite the country's coal fired power output falling for a second straight month in September on an annual basis due to slower growth in electricity usage and surge in solar generation

Focus on quality, export competitiveness won't come from subsidies: Goyal

Commerce and Industry Minister Piyush Goyal also said that manufacturing high quality goods helps boost economic activities, generating jobs and increasing exports

Musk's Starlink wins as Centre denies Ambani, Mittal spectrum auction pitch

Narendra Modi-led government faces task of luring foreign investment especially from heavyweights like Musk and balancing it with the demands placed by local wireless firms led by Ambani and Mittal

Irdai extends IFRS 17 deadline to FY27; aims to give ample time to cos

Previously, Irdai had set a timeline of FY25 for the implementation of IFRS 17 in the insurance sector

Work on 9 priority areas including connectivity for all: Scindia to telcos

Another source said that none of the players present in the meeting raised issues around addressing adjusted gross revenue burden or satellite spectrum allocation process under works

Will consider all stakeholders views on satellite spectrum: Trai chief

Regulator indicates consultation paper on satellite communication won't be retracted

Satcom spectrum's admin allocation big step to connect remote areas: ISpA

Indian Space Association's (ISpA) Director General AK Bhatt said the satellite industry awaits the final decision based on telecom regulator Trai's consultation paper on spectrum costing

China emerges as India's top import source during Apr-Sep of FY24

During the period, the US emerged as the top export destination for the country with outbound shipments increasing by 5.62 per cent to $ 40.38 billion

Need large-size methanol plants to cut fossils import: NITI member Saraswat

Saraswat further said India's dependence on thermal power plants will decrease in the future, so the country will have to make sure that the industry comes to manufacture methanol

India on track to become third-largest economy by 2028: IEA projection

According to the IEA, India, the world's third largest oil consuming and importing nation, will see its demand for oil rise by almost 2 million barrels per day by 2035

India, Uzbekistan discuss ways to ensure quality, safety in pharma sector

Several important issues were discussed during the meeting, including the development of a pharmacovigilance system and reducing the adverse effects of pharmaceutical products

India aiming to close FTA negotiations with Australia in 2 months: Report

The eleventh round of negotiations are expected to be held next month. The India-Australia Economic Cooperation and Trade Agreement (AI-ECTA) came into effect from December 2022

Industrial and warehousing leasing up 17% growth in 9 months: Report

The 3PL segment accounted for 35% of the total Grade A space uptake in the first three quarters of CY 2024

Tech hiring in FY25: 40% rise in demand for freshers, 30% salary hikes

FY25 is expected to see a 40 per cent rise in fresher hiring, driven by artificial intelligence, machine learning, cloud technologies, and upskilling

Explained: How auction differs from administrative allocation of spectrum

The government has chosen to allocate satellite communication spectrum through administrative means, rejecting the auction route supported by Indian billionaires Mukesh Ambani and Sunil Bharti Mittal

6G standards, regulations must ensure inclusivity: Union minister Scindia

Speaking at the India Mobile Congress, Scindia emphasised on the scope of India's tremendous opportunity in advancing 6G technology