Page 388 - Industry News

Piyush Goyal promises to take up financing issues of realtors with RBI

Addressing a conference organised by realtors' apex body CREDAI, Goyal highlighted that the new realty law RERA has brought transparency and certainty in the real estate sector

Future bright for manufacturing as Make in India celebrates 10 yrs: Goyal

Internationally, the image of the country was down and the country was categorised as a 'fragile five' economy, Piyush Goyal said, adding, it took this government some time to earn trust of investors

Airlines, hotels make up 70% of India's $53 billion travel market: Deloitte

In 2023, airlines and hotels made up 70% of India's $53 billion travel market, with corporate travel valued at $10.6 billion. By 2030, the Indian travel industry is expected to touch $97 billion

FIEO urges Centre to extend interest subvention scheme for 5 years

The scheme helps exporters from identified sectors and all MSME manufacturer exporters to avail of rupee export credit at competitive rates at a time when the global economy is facing headwinds

Organised apparel retailers to clock 8-20% revenue growth in FY25: Report

Revenue growth will be slower than the compound annual growth rate of 11-12 per cent seen between fiscals 2018 and 2023, making retailers cautious at opening new stores, the report noted

Price hikes improve margins for diagnostic labs amid online competition

Diagnostic companies like Metropolis Healthcare and Dr Lal PathLabs have implemented price hikes to cope with inflationary pressures

India seeks FATF oversight for online gaming to curb money laundering risks

If the FATF includes the sector within the AML/CFT framework, gaming platforms would need to adhere to KYC norms and report suspicious transactions, including identifying their beneficial owners

Govt considers extending laptop import rules as September 30 deadline nears

The import authorisation system, introduced in October 2023 to monitor imports, has already led to a decline in imports of seven IT hardware products, including laptops, personal computers, and tablet

Consumer Affairs Ministry examining quick commerce competition issues

Commerce and Industry Minister Piyush Goyal had said in August that the government is not opposed to e-commerce but is focused on ensuring fair competition between online and offline businesses

Medical gear makers up in arms against zero-duty imports under EU FTA

India is 70% import-dependent and Germany and the Netherlands are among the top five countries from where the country imports

The fab game: Meity timeline for commercial chip production in the works

Micron's Sanand unit could be the first to bring out 'made-in-India' chips by Aug 15 next year

Foxconn, Stellantis JV set up R&D for auto semiconductors tech in India

Foxconn is in process of setting up its electric vehicle manufacturing plant as well as has plans to set up a battery manufacturing unit for electric vehicles

Madhya Pradesh, Uttar Pradesh partner to develop 8 Gw solar power plants

These projects would supply power to each state during high demand seasons, alternating every six months

PM Modi urges global tech CEOs to be part of India's growth story

PM Modi said India will make every effort to become the third largest economy in the world in his third term

PM Modi calls upon top tech CEOs to be part of India's growth story

Urges them to co-develop, co-design and co-produce in India for the world

Competition heats up: Samsung goes to war, cuts prices to dare Apple turf

South Korean mobile giant drops price of flagship S24 range by 15-35% to duel iPhone 16

Indian real estate to grow to $10 trillion market by 2047: Report

Real estate gets institutional investments of over $60 billion in last decade, Colliers-CREDAI report

Next meeting of IPEF's Supply Chain Council in Dec: Commerce ministry

The framework is structured around four pillars relating to trade, supply chains, clean economy and fair economy, India has joined all the pillars except the trade

97% of cities, 80% population covered by 5G: Jyotiraditya Scindia

9,560 unconnected villages got signal in first 100 days of govt

Financial institutions plan to raise up to Rs 8,750 cr via bonds Tuesday

The bonds have received a AAA rating from India Ratings