Page 393 - Industry News
In export push, govt steps in to raise container capacity amid shortage
Commerce Minister Piyush Goyal announces purchase of second-hand vessels
 "In export push, govt steps in to raise container capacity amid shortage")
India, S Korea share bill of lading electronically to promote trade: DGFT
South Korea is a key trading partner of India and both countries have implemented a comprehensive free trade agreement in 2010
 "India, S Korea share bill of lading electronically to promote trade: DGFT")
Global tech body concerned over future after import mgmt scheme expires
ITI represents 80 technology firms around the world, including giants like Apple, Amazon, Google, Dell, Microsoft, and Tata Consultancy Services
 "Global tech body concerned over future after import mgmt scheme expires")
Analog Devices, Tata Group sign pact to make semiconductors in India
Tata Electronics and ADI intend to explore opportunities to manufacture ADI's products in Tata Electronics' fab in Gujarat
 "Analog Devices, Tata Group sign pact to make semiconductors in India")
Indian carriers soar on international routes but foreign rivals lead
On the popular India-Singapore route, Singapore Airlines and its subsidiary Scoot remain dominant despite competition from IndiGo, Air India (A-I), A-I Express, and Vistara
 "Indian carriers soar on international routes but foreign rivals lead")
Govt announces steps to resolve shipping related problems of traders
Briefing media after deliberations, Industry Minister Piyush Goyal said that several issues were discussed to look at addressing challenges that exporters and importers are facing in the shipping area
 "Govt announces steps to resolve shipping related problems of traders")
FMCG CEOs raise concerns over GST, ease of doing biz at World Food India
Executives discussed range of issues with ministers at World Food India event
 "FMCG CEOs raise concerns over GST, ease of doing biz at World Food India")
Health schemes face hurdle in Punjab as pvt centres stop cashless treatment
The hospital body PHANA claimed that it took the step due to unresolved payments of approximately Rs 600 crore owed by the state government, pending for the last six months
 "Health schemes face hurdle in Punjab as pvt centres stop cashless treatment")
Food processing ministry to take up concern on GST with Council: Paswan
There were open interactions between the industry representatives and the government officials to understand challenges faced by the industry and the suggestions they have on those issues
 "Food processing ministry to take up concern on GST with Council: Paswan")
Cement dealer network expansion slows down as non-trade demand rises
Three of the top-five cement makers saw their dealer count fall in FY24
 "Cement dealer network expansion slows down as non-trade demand rises")
Amit Shah launches 'White Revolution 2.0' to boost Indian dairy sector
Under White Revolution 2.0, the government aims to increase milk procurement by dairy cooperative societies by 50 per cent over the next five years
 "Amit Shah launches 'White Revolution 2.0' to boost Indian dairy sector")
Readymade garment exports rise 12% in Aug despite global challenges
Apparel Export Promotion Council Chair Sudhir Sekhri said that exports are keeping growth momentum despite global headwinds, persisting Red Sea crisis and other challenges such as high logistic costs
 "Readymade garment exports rise 12% in Aug despite global challenges")
Work on 12 industrial smart cities to kick off this year; 4 to be completed
In August, the Union Cabinet approved the creation of 12 industrial zones, strategically positioned across 10 states and planned along six major corridors
 "Work on 12 industrial smart cities to kick off this year; 4 to be completed")
One startup per district: Digital portal BHASKAR launched to push growth
Union Minister Piyush Goyal launched the BHASKAR portal to connect startups, investors, and service providers, a move aimed at pushing the Centre's efforts to promote the startup sector
 "One startup per district: Digital portal BHASKAR launched to push growth")
NPCI considers easing UPI market share cap amid enforcement challenges
NPCI is considering increasing the allowable market share to over 40% from the previously proposed 30% cap
 "NPCI considers easing UPI market share cap amid enforcement challenges")
US Fed rate cut unlikely to impact foreign inflows to India: DEA secretary
The US Federal Open Market Committee on Wednesday reduced the lending rate to 4.75-5.00 per cent from 5.25-5.50 per cent, a larger than expected cut
 "US Fed rate cut unlikely to impact foreign inflows to India: DEA secretary")
EY employee death: TMC MP to raise 'toxic work culture' issue in Parliament
Highlighting the condition of employees in private firms across India, TMC MP Saket Gokhale has called for an urgent investigation into the working conditions at EY
 "EY employee death: TMC MP to raise 'toxic work culture' issue in Parliament")
Ecommerce festive sales to reach $12 billion, quick commerce gains ground
Quick commerce, the burgeoning segment that promises rapid deliveries, is set to contribute $1 billion in gross merchandise value (GMV) to the festive sales
 "Ecommerce festive sales to reach $12 billion, quick commerce gains ground")
Apple, mobile devices charge up 22% growth in electronics exports
Apple's contribution to electronics exports has grown steadily over the years
 "Apple, mobile devices charge up 22% growth in electronics exports")
CCI can appoint agencies to monitor implementation of its orders
Section 48A and 48B relate to commitment and settlement, respectively. Section 31 refers to orders on mergers and acquisitions
 "CCI can appoint agencies to monitor implementation of its orders")