Page 417 - Industry News

IOC, BPCL & GAIL fail to meet listing norms for 5th quarter in row, fined

The companies had faced fines for the same reason the previous four quarters as well.

India's corporate mobility market thrives amidst rising demand: Report

The ETS market, valued at Rs 50,350 crore in 2023, is projected to reach Rs 1.09 trillion ($13.2 billion) by 2030, according to the Red Herring Prospectus by Eco Mobility, a car rental company

Quality control orders protect MSMEs from unfair competition: Piyush Goyal

Under these orders, items cannot be produced, sold, traded, imported and stocked unless they bear the Bureau of Indian Standards (BIS) mark

FMCG distributors raise concern over unregulated growth of 'quick commerce'

The All India Consumer Products Distributors Federation (AICPDF) also suspected potential violations of FDI regulations by these quick-commerce companies

Indian telecom players targeting 10% share in 6G patents in next 3 yrs

Telecom industry players have proposed to systematically align research to 'India's needs' and put in place a vibrant "Standards Community"

1st National Space Day: A look at India's progress over the years in sector

"It is a day to laud the contributions of our space scientists. Our Government has taken a series of futuristic decisions relating to this sector and we will do even more," says PM Narendra Modi

Trai proposes to cut broadband charges for public wifi service providers

As on July 22, 2024, there were over 2.07 lakh deployed PM-Wani Wi-Fi hotspots in the country and 199 PDO aggregators and 111 app providers

Telecom minister Scindia asks telcos to take lead in 6G development

Industry sources said issues related to over-the-top players like bringing them under licence regime, levying fair usage charges on big mobile applications was not raised in the meeting

34 more fixed-dose combination under scanner, says CDSCO official

The list of FDCs banned includes antibiotics, anti-allergics, painkillers, multivitamins, and combination doses for fever and hypertension, among others

Govt seeks proposals from industry for setting up e-commerce export hubs

The government has sought proposals from the industry to set up e-commerce export hubs (ECEH) in the country for examination, support, and hand-holding.

Registration of housing properties in Noida, Gr Noida up 29% at 8,212 units

Residential real estate activity in Noida and Greater Noida saw a marked uptick in the June quarter of 2024, with 8,212 residential transactions registered with the Inspector General of Registration

Rising costs from T+1 timeline may push weaker P2P players to the brink

While there are 26 licensees, only 10-11 players are active in this space, with the industry's assets under management totalling Rs 11,000 crore

Mumbai ranks 2nd, Delhi 3rd globally in annual housing price rise

Mumbai, with an annual price rise of 13 per cent in prime residences, ranked second, up from its 6th rank in the year-ago period

India steel market hit by unfair imports amid slump in China: Ex-steel secy

On August 16, the government initiated an anti-dumping probe into the import of hot-rolled steel products from Vietnam following a complaint by a domestic industry

Taxi operators' strike at Mopa airport to continue; meeting with CM fails

Goa CM said that his government remains committed to fulfilling the genuine demands of the tourism industry

Uttar Pradesh's commercial realty grew 10% in FY24 to Rs 3.29 trn

An official said UP's GSDP rose from about Rs 22.84 trillion in FY23 to Rs 25.48 trillion in FY24, clocking a growth of 11.56 per cent during the period

Rajasthan must announce tourism policy before investor meet: Industry execs

Investors will know about government facilities and subsidies for investments in tourism

India delays 6 GHz spectrum allocation used for 5G and WiFi services

Tech firms and telecom companies tussle of 6 GHz spectrum allocation, while DoT worries about potential impact on Isro satellite operations

Communications, navigation may help India become $44 bn space economy

Apex industry body Indian Space Association expects a large chunk of this growth to come from the communications sector, followed by navigation, earth observation, and satellite manufacturing

DPIIT withdraws memo on extending scope of copyright rule to internet

In 2016, through an office memorandum, the government decided to include Internet broadcasting under the purview of the Copyright Act