Page 399 - Industry News

90% of financial institutions focus on AI, GenAI for innovation: PwC India

Further, 84 per cent of respondents stated that customer experience and engagement - acquisition, onboarding and servicing was the key area of focus for innovation initiatives

India audio device mkt sees remarkable growth, hits Rs 5,000 cr sales: GFK

Indian consumers have a "massive appetite" for audio devices and are seeking a cinematic experience and convenient listening

Increasing freight costs, container shortages threaten exports: GTRI

Between 2022 and 2024, shipping rates for a 40-foot container have fluctuated significantly

PMAY and MNREGA projects bring relief to J-K residents, say locals

People have received 'Pucca' houses under PMAY and frequent employment under MNREGA, bringing relief from issues like migration and frequent repairs required in 'Kaccha' houses

Empathy, inclusive upskilling key to foster thriving work cultures: Report

The 2024 Global Culture Report highlights that employees are six times more likely to be engaged when their leaders demonstrate genuine empathy and not merely as 'understanding'

Govt raises import tax on crude, refined edible oils to support farmers

The move could lift edible oil prices and dampen demand and subsequently reduce overseas purchases of palm oil, soyoil and sunflower oil

Indian filmmaker accuses Netflix of copying his movie for Squid Game series

Filmmaker, Soham Shah, sued Netflix in federal court in New York on Friday, alleging that the show is a blatant rip-off of his Hindi-language film Luck

Goyal launches two portals for timely delivery of services to exporters

One of the portals launched today is named Jan Sunwai, which serves as an online platform to provide all information and services, including grievance redressal, to the stakeholders

India's coal output grows significantly, up 5.85% at 411.6 MT in FY25

This growth is even more notable given the interruptions in mining activities in CIL subsidiaries due to heavy rains, a release said

Govt extends incentives to exports via courier medium to boost e-commerce

RoDTEP (Remission of Duties and Taxes on Exported Products) provides refunds of central, state, and local taxes and levies on exported products that are not covered by other schemes

Efficient logistics, paperless system to boost int'l trade: Comm secy

The secretary noted that it is of utmost importance that "we uphold the principles of SCO Charter including respect for sovereignty and territorial integrity of the member states."

More than 80 critical issues resolved during 20th MSDC meet in Goa

The meeting discussed the implementation of a state ranking framework and a port ranking system to foster healthy competition and drive performance improvements across India's maritime sector

'Use of fire-resistant upholstery fabrics must in non-domestic furniture'

Order is also applicable on all imports of complete furniture or sub-assemblies having upholstered fabric meant for public use, however relaxation till March 31, 2025 has been provided on request

'Vegas Mall in Delhi saw max average footfall in Q1 among top 25 malls'

Vegas Mall (Dwarka, Delhi), V3S East Centre Mall (Delhi) and Phoenix Marketcity (Greater Mumbai) were top three shopping malls with average daily footfall of 26,212, 24,282 and 23,000, respectively

Domestic air traffic rises 5.7% to 13.1 mn in August: Official data

"The overall cancellation rate of scheduled domestic airlines for the month of August 2024 has been 0.83 per cent," the report said

55% office space demand in top 8 cities for 100K sq ft area: Knight Frank

Real estate consultant Knight Frank data showed that transactions for office spaces above 100,000 square feet stood at 15.69 million square feet during the first half of this calendar year

CAIT demands immediate enforcement of e-comm laws on Amazon and Flipkart

CCI launched its investigation into Amazon and Flipkart in 2020 for allegedly pushing select sellers to the top of search results, while sidelining others

Got 35,000 MT rails, track construction machinery for bullet trains: NHSRCL

The process of track installation is mechanised with cutting-edge machinery, specially designed and manufactured as per Japanese specifications, it was stated

Trade groups call for Amazon, Flipkart suspension over antitrust breaches

Indian antitrust investigation reports have found Amazon and Flipkart violated local competition laws by giving preference to select sellers and priority to certain listings, hurting competition

India's renewable energy sector fuels hiring boom in race to net-zero goal

The renewable energy sector has experienced a remarkable surge in jobs, with a staggering 23.7 per cent increase in FY24, compared to 8.5 per cent in FY23