Page 404 - Industry News

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

PM Modi asks automotive industry to bring global best practices to India

The prime minister said the road ahead demands that the country's progress is rapid, while also being sustainable

India Inc tightens remote work policies with legal aid for office return

Some companies emphasise the office location as the sole designated workplace, while also adding confidentiality clauses that limit remote work options

Global hiring intentions hold steady in Q4, shows ManpowerGroup survey

More than 40 per cent of employers surveyed expect an increase in hiring plans, while 16 per cent anticipate a reduction

India prepares new semiconductor incentives as US partnership takes shape

Officials said that although a specific incentive value has not yet been finalised, the package would also include incentives for components, which is a new addition

Post-Covid boom in profits yet to show in India Inc capital expenditure

Corporate profits have grown at a CAGR of 32.4% since FY20 but firms' net fixed assets have grown at 8.6% CAGR in FY20-24

Local procurement mandate for solar power projects may get stringent

Proposal comes amid rising solar imports despite regulatory, tax curbs

EMPS to continue till FAME-III launch, says MHI Minister Kumaraswamy

Last week, Kumaraswamy indicated that FAME-III would be launched within the next two months

IT policy set to roll in by year-end with focus on GCC, jobs, research

New framework likely to keep a short-term target of 3 to 5 years

GMR Airports buys Fraport's shares, raises stake in Delhi airport to 74%

The deal comes just over a month after heavy rainfall caused the airport's roof to collapse killing one person and shutting down a busy domestic terminal

Civil aviation ministry trying to address SpiceJet's issues: Rammohan Naidu

To a query about air ticket prices, Naidu said airfares are market-driven and being monitored by ministry, in case there is a steep rise in airfares, then ministry will make suggestions to airlines

India fine tuning FTAs with countries to suit domestic industry: Prasada

Prasada also urged the auto components industry to increase investment in R&D activities

Aspiring for 10 semiconductor manufacturing plants in 10 yrs: ISM CEO

The government has received 20 proposals for setting up semiconductor units including the chip packaging plants

Need Rs 30 trn investment for 500 GW renewables by 2030: Minister Joshi

He also announced that Prime Minister Narendra Modi will inaugurate the 4th RE-INVEST 2024, a global summit for renewables

Four agreements signed between Indian, UAE entities in energy sector

India and the United Arab Emirates have inked four different pacts in energy sector consisting of LNG trade, petroleum supplies, nuclear plants operation and maintenance and production concession pact

Cement sector to face further consolidation in near-to-medium term: Report

In the report, rating agency Ind-Ra said that the aggressive medium-term capacity targets of leading players are unlikely to be fully achieved organically