Page 390 - Industry News

Mid-range smartphone users outpace high-end in premium product searches

A new report found that mid-range smartphone owners, not their wealthier counterparts, are more engaged with premium fashion, automobiles, OTT subscriptions, and hospitality services

Reliance-bp team up with ONGC as OALP-IX bid round attracts four bidders

The DGH on Monday released the names of the bidders for the 28 blocks offered under the OALP-IX round, bids for which closed on September 21

Private sector in driver's seat of Indian economy, steering nation: Rajnath

Rajnath said that more than half of country's workforce is employed in agriculture sector and related activities while role of the private sector has increased in the manufacturing and service sectors

Statsguru: Tourism industry shows recovery but challenges remain

The tourism sector is facing a year-on-year decline in the share of jobs created

India's finished steel imports from China hit 7-year high in April-August

China was the largest exporter of finished steel to India during this period, followed by South Korea and Japan, primarily shipping stainless steel, hot-rolled coil steel, galvanised sheets, plates

Indian SMBs focus on global expansion amidst tech, operational hurdles

A new report said that while India is ahead of its global peers when it comes to the adoption of AI, govt policies, including increased import duties since 2017, have affected SMBs

Indian refiners cancel palm oil contracts on duty hike, price rise

India, on average, imports 750,000 tons of palm oil every month, and the cancellation of 100,000 tons represents about 13.3 per cent of monthly imports

Bengaluru holds 36% of GCCs, Hyderabad excels in high-tech at 45%: Report

Bengaluru remains the top hub for GCCs, while Hyderabad leads in high-tech, driving the nation's digital transformation

Prez Biden, PM Modi announce plans for new semiconductor plant in India

The proposed plant will make infrared, gallium nitride and silicon-carbide semiconductors

About 83% of Indian buyers will consider new energy vehicles by 2030: Study

Driven by the Centre's efforts, India's EV sector shows promise but challenges remain. At present, EV adoption in the country stands at 2% for passenger vehicles and 6% aross all categories

Indian real estate mkt to jump manifold by 2047, to touch $10 trn: Report

The consultant expects greater institutionalisation and market consolidation across all real estate segments

NFRA, ICAI clash over proposed changes in auditor responsibility for firms

The NFRA's proposed change stems from the alleged audit failures at companies like Reliance Capital Ltd., Coffee Day Global Ltd

Indian steel firms under pressure from rising imports, drop in exports

Global steel industry is facing a major threat due to surge in steel exports, particularly from China at predatory prices

iPhone 16 series made in India, but still costlier: Blame 18% GST

Differential with US, UAE, Thailand significant despite lower launch MRPs

Venezuelan crude flows to public sector refiners via third parties

Venezuela was the 9th largest source of crude for India in Q1 FY25

India to get first national security semiconductor fabrication plant

A release said Modi and Biden commended ongoing efforts to build more expansive cooperation around 5G deployment and next-generation telecommunications

Centre probing Netflix for visa violations, racial bias, shows email

The details of India's investigation were included in a July 20 email, reviewed by Reuters, which was written by a home ministry official to Netflix's former director of business and legal affairs

Govt to set up high-level panel for roadmap to develop fisheries sector

A decision in this regard was taken in a meeting between Agriculture Minister Shivraj Singh Chouhan and Minister of Animal Husbandry, Fisheries and Dairying Rajiv Ranjan Singh here at Krishi Bhavan

Balance privacy & AI innovation in DPDP rules: Global tech body urges govt

Asks for a compliance period of 18-24 months to the data protection legislation

Plan to open offices abroad to assist foreign investors: Piyush Goyal

This move reinforces India's commitment to deepening investment partnerships and making it easier for global investors to engage with India