Page 412 - Industry News

Govt to set up SPV to push for aircraft manufacturing in India: Naidu

According to him, efforts are being to ensure that aircraft manufacturing activities can start in the next five years, he said

India-UK FTA within finger-touching distance, says NITI Aayog CEO

The UKIIFB, signed between NITI Aayog and City of London Corporation in London on Wednesday, is aimed at facilitating international investments into India's ambitious infrastructure projects

Generative AI triggers rise of Gen Z, millennial mentors in India Inc

Companies tapping younger workforce to bring senior colleagues up to date with GenAI, social media and consumer trends

ISA 600 dispute: NFRA, ICAI can find common ground, says official

The senior official said that ICAI is not opposed to implementing the revised ISA 600 but is trying to figure out the path to do so. ICAI would be taking up this issue in its next council meeting

5G, 6G rollout will spur growth to become developed nation: DoT secretary

Mittal said that the government has replaced 150 years old Telegraph Act with a new Telecommunications Act which is expected to stand the test of time for the next 20-30 years

BFSI on hiring sprint, IT sector stumbles in headcount marathon in FY24

In comparison, BFSI firms hired 172,000 people on a net basis in 2022-23 (FY23), while IT services companies had a net recruitment of 131,000 employees

PLI scheme boosts AC industry; localisation doubles in two years

Cost disadvantage for Indian manufacturers competing with other countries falls to 12% from 18% earlier

Indian online gaming industry needs unified regulator: Gujarat NLU report

With over 500 million gamers, India is the second-largest market globally after China, the report said

Pre-institution mediation must for counter-claims in commercial cases: HC

The court clarified that the statutory mandate of mediation must be followed for all suits, including counter-claims, unless they seek urgent interim relief

Govt eases import norms for raw, calcined pet coke to cater domestic demand

Import of RPC (raw pet coke) and CPC (calcined pet coke) shall be permitted to cater entirely to the domestic needs of aluminium industry

Air proximity incidents have reduced by 25% in 2 years, says DGCA

The DGCA said that the number of plane landings through "unstabilised approaches" per thousand such approaches has decreased by 23 per cent and met the target

Asci's new Chairman Partha Sinha wants to expand the council's footprint

Sinha wants to deploy AI to monitor errant advertising, and ensure that creativity and responsibility coexist

India's hospitality sector attracts $93 million investment in H1 of 2024

Listed hotel companies lead hotel transactions in H1 2024

DGCA's annual review shows improvement in India's air travel safety record

The number of unstabilized approaches that continue to land per ten thousand approaches has shown a continuous decreasing trend with a reduction of approximately 23 per cent and met the target

India remains fastest growing paper market in world with 8.2% rise: Report

Domestic packaging paper & paperboard market stands at about 15 million tonnes which is nearly 65 per cent of total paper, paperboard and newsprint market of 23 million tonnes in country, report said

India must rethink ships, infra for stronger maritime governance: Sanyal

Ports and Shipping Minister Sarbananda Sonowal elaborated on the vital connection between India's security and prosperity with its maritime interests

Govt expected to clear FAME 3 scheme in 1-2 months: H D Kumaraswamy

FAME 3 will replace the temporary Electric Mobility Promotion Scheme (EMPS) 2024, which is set to expire in September

Will try to convince finmin to raise steel duties to 10-12%: HD Kumaraswamy

The minister also stressed on the need to remain vigilant against challenges such as the global demand slowdown, especially from the ramifications of a demand meltdown in China

Supply chain and talent woes pose challenges to Indian semicon industry

India's nascent semiconductor industry is also facing challenges in attracting talent back to the country after undergoing training abroad

Hilton to tap luxury travel trend in Asia Pacific, eyes 150 properties

Recent signings, including Waldorf Astoria Jaipur and Conrad Jaipur in India, and Conrad Yokohama in Japan, further bolster this growth, it added