Page 400 - Industry News

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

Tata electronics, TCS to develop India's first domestic chips by 2026

Tata Electronics plans to launch its first chips from the Assam facility by late 2025 or early 2026, targeting sectors like automotive, electronics, power, consumer goods, and healthcare

Industry supports Ayushman Bharat expansion, highlights key concerns

AB-PMJAY provides cashless and paperless benefit cover of Rs 5 lakh per annum per family on a floater basis in empanelled hospitals across India

DGCA frames stricter norms for wet-leased plane ops by Indian airlines

Faced with grounding of significant number of planes due to engine, supply chain woes, domestic carriers are utilising more wet-leased aircraft as a short-term measure to cater to rising air traffic

Need innovation-driven value creation in biotech: Kiran Mazumdar-Shaw

She highlighted how the country, already the world's largest exporter of generics and a major player in vaccine production, can achieve greater value by nurturing innovation

Engaged with FinMin over review of windfall tax: Petroleum Secretary

Petrol, diesel pump prices may be reduced by OMCs if global crude oil prices remain low

Half of respondents plan to spend more online in festive season: Report

Convenience emerges as a major driver for online shopping with 76 per cent appreciating the ability to shop remotely anytime, anywhere

Urban renewal: Builders ride the redevelopment wave in major Indian cities

Space crunch, need for efficient land use prompt both firms and govt bodies to follow trend

Soyabean oil imports hit seasonal high in Aug amid fall in local prices

According to SEA, crude soyabean oil imports in August 2023 stood at 3,57,890 tonnes. The share of non-palm oils, including soyabean oil, made up 48 per cent of the total vegetable oil imports