Page 414 - Industry News

Post-Covid, senior citizens lead 204% surge in Mumbai property: Report

The 61-and-above age cohort has emerged as the fastest-growing segment, surpassing all other age groups in market share growth

Floods in Bangladesh impacting cotton import, shipments may divert to India

Some cotton shipments could get diverted to India, Pakistan and Vietnam, commodity analysts said

Women directors in Nifty50 companies see pay double, outpacing male peers

In 2024, women directors held 22% of board positions in Nifty50 companies, up from 18% in 2019, said the study

BPCL plans refining, petchem projects over 5-7 years to meet energy demand

India's annual consumption of refined fuels and petrochemicals is expected to rise steadily by 4-5 per cent and 7-8 per cent in the 'foreseeable future'

Indian dealers offer steeper discounts on gold as high prices dent demand

In India, the world's second-largest gold consumer, domestic prices were ruling around 71,900 rupees per 10 gram on Friday

AI talent recruitment struggles in India due to high salary demands: Report

A recent survey revealed that 66 per cent of the 250 organisations surveyed indicated that high salary expectations were a major obstacle in attracting AI talent

Supreme Court to hear curative pleas from telecom operators on AGR Dues

Supreme Court will consider curative petitions from Bharti Airtel and Vodafone Idea, among other telcos, in a closed session on Friday

Realty firm Prestige Estates launches QIP to raise up to Rs 5,000 crore

Bengaluru-based Prestige Estates is one of the leading developers in the country, with a significant presence in the South India market

DGCA places Spicejet under surveillance after audit reveals deficiencies

A senior DGCA official said that based on reports of cancellation of flights and financial stress being experienced by Spicejet Airlines, a special audit was conducted

Female workforce, employee welfare to drive inclusive growth: Labour secy

Secretary for Ministry of Labour & Employment Sumita Dawra made the remarks at an industry interaction organised by Confederation of Indian Industry (CII)

New database on registration status of charities for taxation clarity

Cancellations of registration must be uploaded on I-T website by August 31

Plant-based leather gains traction, but costs rise due to limited infra

Local brands in India have been a step ahead and have already established various products using vegan leather

Fintechs can't bypass compliance irrespective of scale, says RBI ED

'Trying to level the playing field between traditional lenders & fintechs'

Meity plans jobs push in proposed electronic components PLI scheme

The component scheme aims at adding value to electronics finished products from mobile devices, laptops, PCs and servers, among others

Noida airport to finish calibration, validation of flights by December

A calibration flight for a new airport verifies and fine-tunes navigation aids, runway lighting, and airspace, ensuring safety and accuracy before commercial operations commence

Uttar Pradesh govt plans Rs 33.5K crore boost to IT and ITeS hubs

A senior UP government official said the state has identified five cities viz. Noida, Lucknow, Kanpur, Varanasi, and Prayagraj (Allahabad) to develop such hubs

Tablet market grows over 2 times to 1.84 mn, Samsung leads with 48.7% share

Samsung led the market with 48.7 per cent market share. It was followed by Acer with a 23.6 per cent share, Apple with 9.5 per cent, Lenovo with 6.9 per cent and Xiaomi with 4.7 per cent

Ecom export hubs expected to create up to 2.75 lakh additional jobs: Report

The expansion plan is poised to transform the logistics sector, which is currently experiencing a 12 per cent annual growth rate, said the study

Pvt hospitals expand tele-ICUs network as critical care demand grows

Aging population and dearth of intensivists behind the rise of tele-ICUs

Drug companies move Delhi HC seeking interim relief against FDC ban

The Union Ministry of Health and Family Welfare had on August 22 issued notification banning the 156 FDC medicines saying they had no therapeutic benefits