Page 395 - Industry News

IT staffers' FY25 average salary hikes likely to be 5.5-8%, say experts

Experts say top performers may continue to see increases ranging from 12-18%

Penetration of electric vehicles growing across segments in auto industry

Tata Motors reported a penetration of 12.05 per cent, down from 12.61 per cent last year, while JSW-MG Motors surged to 33.77 per cent, up from 23.75 per cent

Fast food delivery saves time but costs consumers Rs 9K-11K crore annually

A report reveals that food aggregators' pricing models include small, seemingly negligible fees, which can add up significantly, affecting consumers' wallets without immediate notice

Trai excludes OTTs like WhatsApp, Telegram from licensing regime overhaul

Three broad categories of telecommunication service authorisations proposed in move to streamline rules

Vaishnaw urges industry to form task forces for compliance simplification

Vaishnaw suggested that once functional, the task forces across sectors such as manufacturing, IT services, among others, can meet once in a month to discuss the issues

PM E-DRIVE to boost electric vehicle adoption, says H D Kumaraswamy

FAME-II proved to be financially successful, with approximately 93 per cent of targeted vehicles incentivized and 92 per cent of the allocated funds utilised, Kumaraswamy said

Nearly 50% of public infra unprepared for disaster management: CBRE

The survey findings were released at a joint 'Infrastructure Management Conference 2024' organised by CBRE and Confederation of Indian Industry (CII) here

Cabinet clears Chandrayaan-4, Venus Orbiter Mission for space exploration

Moon mission Chandrayaan-4 will cost Rs 2104.06 cr while Rs 1,236 crore has been earmarked for Venus Orbiter Mission

India's home & household market to reach $237 bn by 2030: Deloitte

It also said that omnichannel retail and e-commerce are helping businesses connect with consumers, expanding their reach beyond urban centres

Ireda gets govt approval to raise up to Rs 4,500 crore via QIP route

The approval was granted by the Department of Investment and Public Asset Management (Dipam) based on the recommendations of a high-level committee, a company statement said

Govt mulling lifting ban on non-basmati rice export: Food Secretary

The government is mulling lifting the ban on export of certain varieties of non-basmati rice, Food Secretary Sanjeev Chopra said on Wednesday.

Electronics sector to discuss tariff, reforms with PMO, finance ministry

The electronics manufacturing sector will hold meetings with the Prime Minister's Office and the Ministry of Finance to discuss '$500 billion by 2030' goal

Indian pharma sector set for 8-10% growth this fiscal: CRISIL Ratings

The sector is expected to benefit from steady cash flows and low financial leverage, which will help maintain stable credit profiles, even as pharma cos pursue acquisitions in niche therapeutic areas

India set to kick off its first offshore mineral auction: Mines Secretary

He encouraged the industry to study the exploration reports of these blocks and bring in interested domestic and international players

Hiring of entry-level graduates falls in FY24 as companies scale back

Internships, lateral hires, and recruitment for CAs and CFAs grew, but MBA and diploma holder hiring saw the least growth in FY24 compared to FY23

IRA launches three data benchmarking institutions for Reit investors

The institutions would serve as a central repository of the Indian Reit sector's data

Diamond sector faces severe crisis with factory closures, job losses: GTRI

According to the think tank data, a 24.5 per cent drop in rough diamond imports from $18.5 billion in 2021-22 to $14 billion in 2023-024 shows weaker global markets and fewer processing orders

Opportunities emerging for India's gems & jewellery in Middle East: GJEPC

These markets are relatively under-explored and represent a significant opportunity for Indian exporters, with exports showing significant growth in the first quarter of FY 2024-25

Small businesses generate 35 mn job applications till Aug 2024: Report

Notably, over 55 per cent of total job applications for SMB roles came from tier-2 and tier-3 cities like Jaipur, Indore, Ahmedabad, Lucknow, Kochi, and Bhubaneswar, apna.co said

India's edible oil demand to increase despite hefty import duty hike

India is the world's largest importer and meets 70% of its vegetable oil demand through foreign sourcing