Page 379 - Industry News

DoT launches new system to stop fraudulent international calls with telcos

4.5 million or one-third of such calls being stopped

Warehousing space demand may dip this year to 45 mn sq ft: Report

The leasing transactions of warehousing space stood at 47.15 million square feet in 2023 calendar year across Delhi-NCR, MMR, Chennai, Pune, Hyderabad and Bengaluru

Gross office space leasing in 2024 may rise 14% in top 9 cities: CBRE

CBRE South Asia noted that "office leasing is likely to record a historic high of around 70 million square feet in 2024 across top 9 cities in India as per current estimates."

ADB grants $162 mn loan for new infra, tourism boost in Himachal Pradesh

The Sustainable and Inclusive Tourism Development Project targets the promotion of heritage and cultural sites in the Mandi and Hamirpur districts

TN readymade garment exporters' profit may rise by 8-10% in FY25: CRISIL

The government's impetus through various schemes and the recent political developments and ongoing gas crisis in Bangladesh would also benefit the industry in India

Govt to soon invite bids for 10 GW of battery energy storage projects

The government will soon invite bids for 10 gigawatt of battery energy storage projects, an official said on Friday.

India office leasing to hit record in 2024, tech firms lead demand: Report

Companies expanding operations and consolidating facilities, according to CBRE

Hays Code for OTT? Govt to come up with guidelines for 'obscene' content

The proposed OTT regulations are also expected to seek a reduction in the use of profanity, even when it is considered vital to the script

Belgium's Verlinvest to double its bets in India's growing consumer market

The firm, which has over 2 billion euros in assets under management, counts brands such as vegan milk maker Oatly , coconut water seller Vita Coco, and pet products retailer Chewy in its portfolio

Amazon, Target announce big hiring, but retailers cut back on holiday jobs

As retailers gear up for the holiday shopping season, hiring plans vary, with some scaling back on seasonal staff amid economic uncertainty, while others maintain strong hiring goals

Global banks to trial Swift for digital currency transactions from 2025

Central Bank Digital Currencies (CBDCs), digital versions of a country's official fiat currency, are also being trialled worldwide

Make in India needs a reset. It won't work unless we focus on exports

The trouble is that Indian manufacturers appear less and less interested in becoming export powerhouses

'People responsible for China's influence in Indian industry defending it'

Slamming the previous Congress-led government, Piyush Goyal said it is a matter of shame that India allowed substandard and opaquely-priced Chinese goods to flood the Indian markets

India aims to double edible oil output to cut down reliance on imports

Last month, India raised the basic import tax on crude and refined edible oils by 20 percentage points to help protect farmers struggling with lower oilseed prices

India, US ink pact to cooperate on critical battery mineral supply chains

Goyal, speaking at Center for Strategic and International Studies in Washington after signing, described the MOU as a multi-dimensional partnership that would include open supply chains for materials

Delhi govt begins trial of 'e-Abkari' to replace excise information system

After the agreement of the government with the IT firm ended, the ESCIMS was being operated by the Excise department itself

There will be no change in policy on multi-brand retailing: Goyal in US

Goyal said the United States can afford it because its population is much smaller compared to India and there are alternative avenues for people to do jobs in

Tea industry on edge as Iran-Israel tensions threaten export revival

The biggest worry for Indian tea exporters when the Israel-Hamas conflict flared up in October 2023 was that it would spill over to other West Asian countries, particularly Iran

Trai seeks help from RBI, sectoral regulators to push via anti-spam process

The new Digital Consent Acquisition process allows consumers to consent to receive commercial texts, calls

Govt ports outpace private peers in cargo traffic growth, shows data

Coastal cargo, commodity anomalies tip scales for major ports