Page 406 - Industry News

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

Goyal urges auto component makers to cut imports, target $100 bn exports

Addressing the auto component industry here, he expressed his concern over the continued reliance on foreign suppliers and encouraged domestic manufacturers to enhance local production capabilities

Indian firms face skilling challenges as demand for next-gen tech surges

Sourcing and developing talent in next-gen technologies remains a significant hurdle, with 72 per cent of organisations finding it difficult to recruit skilled experts

New safety regulations for machinery, equipment to affect MSMEs: GTRI

It said that while large corporations may have the resources to meet new safety standards, MSMEs face unique challenges in complying with the Ministry of Heavy Industry's (MHI) order

Aviation minister pitches for sustainable practices, regional connectivity

Speaking at the conference organised by industry body Ficci, Naidu also said efforts are on to ensure that 1 per cent of SAF (Sustainable Aviation Fuel) is blended with jet fuel

Life insurers' new business premium rises 22% to Rs 32,644 cr in Aug

The new business premium collection for the first five months of FY25 rose 21 per cent to Rs 1,54,194 crore from Rs 1,27,661 crore in the same period last year

EVs can maintain cost without subsidies but won't oppose incentive: Gadkari

Elaborating his views, he said at one point the price of the lithium ion battery was USD 150 per kilowatt hour. Now it is something USD 108 to 110 per kilowatt hour

Online gaming industry eyes relief as stakeholders await GST Council review

GST Council Meet: The gaming industry is hopeful that the meeting will address concerns over issues such as valuation, retrospective tax levies, and the impact of the new tax regime

Electric Mobility Promotion Scheme 2024 to be extended: HD Kumaraswamy

The Electric Mobility Promotion Scheme, launched in April, was extended till September 30

India's GCC boom: Fortune 500, mid-sized firms expand with new operations

In the past eight months, several mid-sized GCCs with 1,000-2,000 employees have launched in India, joining larger firms with 10,000-15,000 staff handling diverse functions

Slight improvement, but airlines continue to struggle with punctuality

SpiceJet, which has been dealing with major financial difficulties, was at the bottom of the chart, recording an average daily OTP of just 49.85 per cent, as per the ministry's data

Fab toolmakers eye India; Applied Materials considers manufacturing unit

If sources are to be believed, the firm may be looking at Tamil Nadu for its ambitious plans

New liner service to connect Jeddah Port to India's Mundra, Nhava Sheva

According to a company statement, the services will strengthen trade ties by facilitating the movement of consumer cargo from India and products from Saudi Arabia, including petrochemicals

Like-minded nations partnering with India to make it chip hub: Krishnan

According to Semi, there will be more than 650 booths and over 250 semiconductor companies at Semicon India