Page 413 - Industry News

Over $4 bn imports this year under management system for laptops, tablets

These imports stood at $ 8.4 billion in 2023-24 and most of these imports were coming from China, the official said

Entrepreneurship becomes the new frontier for freshers, shows study

Even as institutes offer dedicated entrepreneurship courses, they struggle to choose between promoting entrepreneurial skills or traditional employment paths

India lags in filling void left by Chinese export retreat: World Bank

India's share of global apparel exports has decreased from 4 per cent in 2018 to 3 per cent in 2022, mainly due to rising production costs and declining productivity, according to the World Bank

Rajasthan govt plans 14 new industrial areas ahead of investment summit

Manufacturing sector contributes about 24 per cent to its gross state domestic product

DGCA seeks to reduce compliance burden with new norms for light aircraft

The new regulations will come into effect from January 1, 2025, the Directorate General of Civil Aviation (DGCA) said in a release on Tuesday

IIT Bombay placements: Avg package hits Rs 23.5L, 22 offers exceed Rs 1 cr

A total of 430 students were placed in 106 core engineering companies, primarily in entry-level roles. This IIT Bombay placement season recorded a 12% increase in the number of recruiting companies

After 2-year delay, Infosys finally sends joining dates to 1,000 graduates

If Infosys fails to honour commitment and breaches joining date, NITES will organise a protest right in front of its office, said Harpreet Singh Saluja, president of the IT employee union

Expect heavy discounts this festive season as companies clear excess stock

India's festive season, which stretches from Onam to Diwali and includes Navratri, Durga Puja, and Dussehra, is the country's largest consumption period, contributing to 20-30% of annual sales

IIM-A PGPX highest salary offer falls to 6-year low at Rs 54.8 lakh

The highest-ever maximum earning potential (MEP) offered was Rs 1.08 crore in 2023. From 2018 to 2022, the average MEP was Rs 70.56 lakh

Luxury property frenzy set to drive up home prices in India: Poll

Ultra-high-net-worth individuals in India typically own more than two properties, with nearly 12% of them planning to buy another home this year, according to Knight Frank's wealth data

WazirX plans restructuring, seeks white knight; users set to lose 43% funds

WazirX customers may get anywhere between 55-57 per cent of funds back

'India's dependence on Chinese imports for MSME goods has been declining'

Citing data, the official said that the concentration of musical instrument imports from China has decreased from 77.58 per cent in 2013 to 51.51 per cent in 2023

Cabinet approves Kaynes chip assembly, packaging unit worth Rs 3,307 crore

The unit will have the capacity to produce 6.3 million chips per day

India Inc's credit quality to improve further, says S&P Global Ratings

Declining leverage, broad-based earnings growth drive profile

Tata-owned Air India to soon provide Wi-Fi facilities on board flights

The Tata Group-owned airline, which has embarked on an ambitious transformation journey, on Sunday commenced services between Delhi and London Heathrow with the A350-900 plane

Airtel, Nokia, MediaTek achieve 300 Mbps upload speed on 5G during trial

The trial comprised the combined use of a set of mid-band spectrums, utilising the latest generation chipset

Govt greenlights Rs 18,036 crore for 309 km Mumbai-Indore rail line

Spanning 6 districts, the project will be the shortest rail line between Mumbai and Indore, expected to create direct employment for about 10.2 million man-days during the construction phase

Coal production increases by 6.48% to 384.08 mn tonnes in April-August

The production was 360.71 million tonnes in April-August FY24

Govt approves Kaynes' Rs 3,307 cr semiconductor unit at Gujarat's Sanand

Announcing the decisions of the Union Cabinet, IT Minister Ashwini Vaishnaw noted that a complete semiconductor ecosystem is coming up in India

Concor to resume coastal cargo transport, enhance last-mile connectivity

Concor had initially launched coastal shipping services in January 2019 but the services were halted in 2020 due to the Covid-19 outbreak