Page 401 - Industry News

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

Domestic firms take up 47% of total office space demand since 2022: CBRE

India's top nine cities are poised to see an impressive addition of around 185 million sq ft of premium office space by 2026, Anshuman Magazine said

Bio-E3 policy to bring bio-revolution in India, says Jitendra Singh

BioE3 policy was launched last month and aims to facilitate sustainable and efficient utilisation of biological resources for innovation, scaling-up and bio-manufacturing of specialty chemicals

Civil aviation growth, regional connectivity made air travel inclusive: PM

Under the regional air connectivity scheme UDAN, which has helped lower middle-class people to fly, 14 million people have travelled by air, PM Modi added

Govt asks coal block holders to start production in auctioned mines

The coal ministry on Wednesday reviewed the status of coal mines that were auctioned and are in different stages of process completion

NaBFID plans Rs 53,000 crore debt raise in FY25, says MD Rajkiran Rai

NaBFID has already sanctioned Rs 20,000 cr of its target of Rs1 trillion for the 12 months through March 2025

India to lead global oil demand growth in 2024, surpassing China: IEA

Global oil demand is experiencing its slowest growth since 2020, primarily due to weak demand from China and a drop in Russia's global oil supply

Palm oil imports in Aug fall over a quarter as buyers shift to soyoil

The drop in imports of palm and sunflower oils brought down the country's total edible oil imports by 17 per cent to 1.53 million tons

Want Opec+ to raise oil output to meet demand, says oil secretary

The Organization of the Petroleum Exporting Countries (Opec) and allies, together called Opec+, last week agreed to delay a planned oil output increase for October

Corporate India's big six boost profits, struggle with flat job growth

India's top six corporate firms saw their employee headcount growth stagnate at -0.2 per cent, with numbers dropping from 1.74 million in FY23 to 1.73 million in FY24

Domestic steel consumption likely to see 9-10% growth in FY25: ICRA

ICRA projects the domestic steel consumption growth at a healthy 9-10 per cent in FY2025, the rating agency said in a statement

SEMI, peer IESA join hands to boost semiconductor ecosystem in India

The agreement was signed on the sidelines of Semicon India 2024, the statement said on Wednesday

Indian telcos to join forces to tackle rising spam calls & messages menace

Telecom companies have traditionally been hesitant to share sensitive data because it could affect their business customers financially

India targets $500 bn electronics sector, right time to be here: Modi

Today's age is an age of silicon diplomacy, said the Prime Minister

MP govt nod to hand over ops of state cooperative dairies to NDDB for 5 yrs

CM Yadav says MoU with NDDB to boost milk procurement prices in 11,000 villages across the state

Govt aims to boost fishery sector by taking exports to Rs 1 trn per year

The minister also launched Pradhan Mantri Matsya Kisan Samridhi Sah-Yojna, and released the standard operating procedure on production & processing clusters in the fisheries sector

Trai, DoT jointly disconnect over 10 million mobile phone connection

To curb the menace of spam calls, the Trai has directed telecom operators to disconnect and blacklist entities, using bulk connections for spam calls, including robocalls and pre-recorded calls

70% of Fortune 500 firms will expand reach to India by 2030: Report

Nasscom-Zinnov report says India has become the GCC capital of the world

Revenue implication of Rs 4,162 cr as Odisha's iron-ore grade declined: CAG

Though more than 83 per cent production was reported in the grade of 62-65 per cent Fe (iron) in the pre-auction period, the same came down to approximately 16 per cent in the two years