Page 373 - Industry News

Not just foreign cos, Indian corporations also jumping on the GCC bandwagon

In the last four years, large Indian conglomerates like the Reliance Industries, the Adani Group, Dr Reddy's Laboratories (DRL), and Bank of Baroda have established GCCs locally

New labour codes set for rollout as 25 states finalise draft rules. Details

The remaining three states, including West Bengal, which had previously raised concerns about the codes, have now agreed to draft the necessary subordinate legislation to enforce them

Office demand high as leasing to cross 80 mn sq ft in top 8 cities: C&W

Gross leasing of office space rose 66 per cent to 24.8 million square feet across the top eight cities in Q3 2024, marking the second highest quarterly leasing volume in the sector's history

Centre rejects satellite spectrum auction; Elon Musk says much appreciated

Earlier, Elon Musk had criticised Mukesh Ambani's auction proposal for satellite services as "unprecedented", while advocating for a direct licensing method of allocation

IMC 2024: Satcom takes centre stage as Sunil Mittal says 'buy spectrum'

No auction of satellite spectrum: Telecom minister

Canada minister assures businesses to support commercial ties with India

Let me be clear: Canada stands firmly by its businesses. We will work closely with all Canadian enterprises engaged with India to ensure important economic connections remain strong, Mary Ng said

Gaming industry can possibly boost employment growth: Priyank Kharge

Calling Karnataka the "innovation and skilling capital of the country," he also highlighted the various centres for animations, visual effects etc., which have been set up in the state

Indian data should remain in Indian data centres, says Akash Ambani

Ambani also urged the government to expedite the draft of the 2020 data centre policy

Govt says no auction of satellite spectrum after Musk decries move

Telecoms Minister Jyotiraditya Scindia said during a New Delhi event that the spectrum will be allocated administratively in line with Indian laws, and its pricing worked out by the telecom watchdog

UAE to review India's concerns on surge in silver, platinum alloy imports

The concerns were raised during the second meeting of the joint committee (JC) under the India-UAE Comprehensive Economic Partnership Agreement (CEPA) in the UAE on October 14

PM calls for global framework for digital tech at India Mobile Congress

At India Mobile Congress, he stressed on 'dos and don'ts' for technology on global level

DPIIT relaxes mandatory quality control order for cookware for micro units

The quality control order (QCO) on cookware, utensils and cans for foods and beverages was issued last year to cut imports of sub-standard goods and promote domestic manufacturing

Needs to step up manufacturing to meet 'Viksit Bharat' goal: Volvo India MD

Speaking at a symposium organised by the Indian Foundation for Quality Management, he said the country needs to cash in on the opportunity of $ 3 trillion worth of manufacturing shifting

Domestic air passenger traffic rises 6% to 13 million in September

IndiGo's market share rose to 63 per cent while that of Air India climbed to 15.1 per cent in September 2024, as per the data released by the Directorate General of Civil Aviation (DGCA)

Homebuyers' sentiment bullish on hopes of capital appreciation: Magicbricks

"With expectations of capital appreciation and rising rental yields, the homebuyer sentiment continues to grow strong," Magicbricks said in a statement

Cotton exports likely to double to 2.85 mn bales in 2023-24 season: CAI

The cotton imports are now projected at 110,000 bales higher than the previous estimates

SpiceJet's domestic passenger market share shrinks to 2%, says DGCA

Overall, the Indian carriers carried a total of 13.027 million domestic passengers, which was 6.38 per cent more year-on-year

Funding to Indian fintech rises 66%, number of rounds decline by 25%

On a quarter-on-quarter basis, funding to the fintech sector more than doubled from $293 million in Q2CY24

PE investments in Indian real estate sector decline 4% in H1 FY25

The decline is said to be mainly due to a 79% drop in investments in the office sector

Steel import surge impacts domestic players' gross margins: Ind-Ra

The report covers global causes of increased steel imports to India, the likely trajectory of imports, key exporting nations, and domestic demand supply balance