Page 403 - Industry News

Trai urges DoT to encash Rs 115 cr from telcos for spam-related violations

The telecom regulator maintains that telcos are responsible for controlling unsolicited commercial communications under the Telecom Commercial Communications Customer Preference Regulations

DGCA details certification requirements for vertical take-off, landing

This circular has been issued after extensive interaction with all concerned stakeholders

Investors betting on India, Korea to fill gaps from US Biosecure Act

The Biosecure Act would restrict federally funded medical providers from contracting with a select group of Chinese biotech companies

CCI tightens oversight on digital mergers, mandates clearance for big deals

Digital mergers and acquisitions with at least 10 per cent of the global user base, gross merchandise value (GMV), or revenue in India now require approval from the Competition Commission of India

L&T joins semiconductor race, to create chip firm and invest over $300 mn

The tech-to-construction company will spend the money over three years to establish a fabless chipmaker, which designs and sells semiconductors but contracts out their production

DoT eases process to issue licences for trial, demo, equipment approvals

The changes have been made based on the recommendations of the Telecom Regulatory Authority of India (TRAI) on ease of doing business and simplifying regulatory processes in the telecom sector

Textiles, infrastructure sector may see high NPA levels: Ficci-IBA survey

Bankers said these sectors stand out from the overall trend

Digital firms with Rs 500 crore turnover must seek CCI approval for M&As

Any transaction where the "deal value" exceeds Rs 2,000 crore would be notifiable for the CCI's approval, provided that the target entity has "substantial business operations" in India

iPhone exports from India surge 54% to $5 bn for first 5 months of FY25

When compared with Apple's own numbers, the five-month export is equal to its full-year figure for FY22

India capable to be trusted partner in semiconductor supply chain: PM Modi

Modi underscored that India has the capability to become a trusted partner in a diversified semiconductor supply chain

Quick-commerce companies expand Tier-II ops ahead of festival season

Experts highlight challenges as these firms operate on thin margins, relying on high order frequencies and higher average order values

Scaling RE beyond 1,500 GW to face significant challenges, says study

India has a renewable energy (RE) potential of over 24,000 GW and around 7,000 GW of installed capacity is required to achieve net-zero emissions by 2070

Coal supply to power sector falls 5.4% to 58.07 mn tonnes in August

"In August 2024, the supply to the power sector was 58.07 MT, slightly lower than the 61.43 MT recorded in August 2023," the coal ministry said in a statement

Apple supplier Jabil to set up Rs 2,000 crore mfg unit in Tiruchirapalli

Jabil is also a major supplier to Cisco and HP. Earlier this year, Jabil began manufacturing AirPod components-plastic bodies-for Apple in India

Opec again cuts growth forecast of global oil demand in 2024, 2025

The weaker outlook further underscores the challenge faced by Opec+, which comprises the Organization of the Petroleum Exporting Countries and allies such as Russia in balancing the market

Govt working on policy framework for decarbonisation of steel sector

These task forces consisted of members from industry, academia, think tanks innovators, various ministries and government departments

No funding issue for semicon projects, committed Rs 62K cr incentive: Meity

The government has committed about Rs 62,000 crore in incentives for electronic plants and there is no issue in funding semiconductor projects, Electronics and IT Secretary S Krishnan has said.

Indian IT services industry to deliver 4-6% revenue growth in FY25: ICRA

Despite expectations of continued subdued growth, ICRA has maintained its 'stable outlook' on the Indian IT services industry, led by a well-established business position

Indian employers most bullish globally on Oct-Dec quarter hiring: Survey

According to the ManpowerGroup Employment Outlook Survey Q4, 2024, of nearly 3,150 employers across sectors and regions, the Net Employment Outlook in India is the strongest worldwide at 37 per cent

Rewa Airport gets DGCA approval; will become sixth in Madhya Pradesh

With this, Madhya Pradesh will have six airports, including Bhopal, Indore, Jabalpur, Gwalior and Khajuraho