Page 408 - Industry News

378 housing projects with 146,000 units stalled in 5 UP cities: PropEquity

In this new vertical, PropEquity expects to generate a revenue of Rs 12 crore and gain subscribers upwards of 10,000 by September 2025

App-first Gen Z scripting big shifts in consumption trends: Bernstein

Brands are seeking a deeper connection with this digitally-native, app-first generation that 'swipes up' for practically everything from social media to ride-hailing and food delivery

New code for medical devices mandates complaint decisions within 90 days

This comes as the central government on Friday notified the UCMPMD 2024 in a move to regulate unethical marketing practices in the medical devices industry

Domestic formulations biz expected to grow 9-10% over next decade: Glenmark

The domestic formulations market is estimated to be at Rs 2 trillion, with a growth rate of 11 per cent over the past two decades

GST Council to deliberate on taxation of insurance premium, online gaming

The deliberations will also happen with regard to the goods and services tax (GST) cut on life insurance premium

Raipur BJP MP seeks govt intervention for rollback of hike in cement prices

Brijmohan Agrawal said the sudden increase in the cement prices by Rs 50 per sack would affect infrastructure projects, including roads, buildings, bridges, schools, colleges and others

Govt notifies uniform marketing code for medical devices industry

Department of Pharmaceuticals (DoP) has asked the medical devices association to prohibit organising workshops abroad for healthcare professionals or offering them hotel stays

CAMPCO warns against misuse of membership cards to sell spurious areca nuts

CAMPCO has stated that some traders, who have established good relationships with farmers, are misusing membership cards

FAME-III likely to see vehicles sporting government subsidy branding

Move aims to highlight Centre's electric mobility schemes and ensure greater transparency

Protests take a bite out of retail, F&B businesses ahead of Durga Puja

West Bengal is home to 43,000 Durga Pujas, and the business around it is a major economic driver

Investment worth $30 billion likely in semiconductor space in 4 years

This is about 6% of new investment in the sector globally

India emerges as second-largest global 5G smartphone market, overtakes US

China leads the global 5G smartphone market with a 32 per cent share, followed by India with 13 per cent, while the US has dropped to third place with 10 per cent

Odisha set to lead petrochemical sector: Union minister Anupriya Patel

She also said the India Chem 2024 summit, scheduled to take place in Mumbai from October 17-19 after a two-year hiatus, is expected to attract significant global participation

Aviation watchdog DGCA releases vertiport guidelines for vertical liftoffs

The government is looking to push for eVTOL (electric Vertical Take Off and Landing) aircraft as part of advanced air mobility solutions

IESA hails govt's move to ease visa application process for PLI-businesses

IESA president welcomed government's move in providing business visas, saying, 'It will create opportunity for over 100+ GWh ACC battery and battery component factories in next 5 yrs in India'

Rajasthan gem, jewellery industry lands in the rough amid labour shortage

In 2022-23 (FY23), Rajasthan had exported around Rs 9,470 crore worth of gems and jewellery, with the trade tally climbing to around Rs 11,180 crore in FY24

ISA partners with MIGA to fund Solar Energy projects in Sub-Saharan Africa

MIGA and ISA will work together to launch solar power and distributed energy projects in eligible developing countries

Digi Yatra service to be available now at nine more airports. Details

Passengers at Visakhapatnam, Ranchi, Bhubaneswar, Indore, Raipur, Bagdogra, Patna, Goa (Dabolim), and Coimbatore can now benefit from the contactless boarding pass system

K'taka okays Rs 100 cr 'Nipuna Karnataka' scheme after local job quota row

The 'Nipuna Karnataka' programme, which includes a Rs 10 crore pilot project, is aimed at boosting the global competitiveness of state's young workforce

Carbon fibre will be produced by India in 2025-26: Textile minister Giriraj

The European Union's proposed Carbon Border Adjustment Mechanism, a tax on embedded carbon imports, is expected to kick in from 2026