Page 372 - Industry News

Meet Avira & Vir: JSW MG Motor's new AI chatbots revolutionising car buying

JSW MG Motor India claims to be the first automotive company in India to launch two AI-powered chatbots, which are designed to enhance customer interaction and service

New offshore-mining regulations allow lease surrender after 10 years

Under the new rules, offshore areas will be made available for mineral exploration and production only after being notified in the Official Gazette by the administering authority

Bomb hoax calls to be made cognizable offence: Kinjarapu Rammohan Naidu

A cognisable offence is one in which the police can arrest without a warrant and begin an investigation without court approval, typically involving serious crimes like murder or theft

Of ships and tankers: India, refiners not breaking international sanctions

A US official involved in compliance said 'General Licence 93' allowed India to receive vessels owned by a sanctioned entity, Russian state behemoth Sovcomflot, which ships the bulk of India's oil

India to have a coal exchange soon, says Coal Minister G Kishan Reddy

Reddy also highlighted the need to decrease coal imports. "We are increasing coal production in view of the rise in imports over the past two months," he said

Need Rs 32 trn investment in renewable sector by 2030, says IREDA CMD

Speaking at the 23rd India Power Forum 2024, Das called on lenders to adopt a more customer-centric and sector-focused approach, emphasizing the need for timely financial solutions

Tata Steel UK inks contract for electric furnace in green steelmaking drive

Indian steel major's pact last week with Tenova for its Port Talbot site in Wales, the UK's largest steelworks, has been described as a significant milestone on the road to reducing carbon emissions

Buyers hope no disruption in Canadian lentil, potash supplies, say experts

Ties between India & Canada deteriorated sharply after New Delhi and Ottawa ordered 6 diplomats to leave in tit-for-tat moves over Ottawa's allegations that New Delhi was targeting Indian dissidents

India to launch coal exchange soon: Coal minister G Kishan Reddy

"Last week we took a briefing on setting up coal exchange," Minister added but didn't disclose the exact timing on when the exchange will come up

Coking coal import cannot be substituted fully, says CIL MD Prasad

As per the data compiled by mjunction services ltd, India's coal import in 2023-24 was 268.24 MT, which includes 57.22 MT coking coal and 175.96 MT non-coking coal

India exploring ways to import Mongolian coking coal via Russia: Report

Mills in India, the world's second-biggest producer of crude steel, grappled with volatile Australian supplies of coking coal last year, and the government sent delegations to Mongolia

Data leaks: Irdai directs two insurers to conduct IT systems audit

Star Health Insurance had recently admitted data breach. The name of the second insurer could not be immediately ascertained

PM MITRA, PLI schemes to bring Rs 95,000 cr investment into textiles sector

The textiles secretary informed that "much more substantive outcomes" are being envisaged from the Bharat Tex 2025 mega textiles event to be held in February next year

Govt to work on designing, manufacturing planes in India, says Naidu

The Bhartiya Vayuyan Vidheyak Bill 2024, which was passed by the Lok Sabha in August, includes provisions to regulate the design and manufacturing of aircraft, supporting the Aatmanirbhar initiative

Real estate remains most preferred asset class for investment: Report

According to a survey by FICCI and Anarock, 59% of respondents across 14 cities favoured real estate as the most preferred asset class

US buyers turn to India for apparel as Bangladesh faces growing concerns

With one-third of India's apparel exports heading to the US, the country has solidified its position as the fourth-largest supplier to the American market

Housing sales in 30 major tier II cities down 13% in Jul-Sep: PropEquity

Data analytic firm PropEquity, which is part of listed entity P E Analytics Ltd, on Monday released the housing report of top 30 tier II cities

Satellite 'magic bullet', offers chance to cover areas left out: Mittal

About five per cent of India's population sans internet connectivity lives in 25 per cent of the area, he said, emphasising that satellite is the only solution for them

Expect Indian apparel exporters to post 9-11% revenue growth in FY25: ICRA

With the revival in demand, ICRA said it expects the capex spending to increase in FY2025 and FY2026 and may stay in the range of 5-8 per cent of the turnover

Institutional investment in real estate up 31% to $4.61 bn in Jan-Sep: Rpt

During the latest July-September quarter, institutional investments in real estate rose 41 per cent to $960.8 million from $679.9 million in the year-ago period