Page 418 - Industry News

Minister Vaishnaw raises concerns about creation of addictive content

He said creators' economy had immense potential and emerged as a wonderful tool to showcase India's rich cultural heritage, way of life, yoga, traditional medicine system, and diversity in cuisines

RIL, Aditya Birla Group race to capture India's growing consumption market

Both companies' new businesses have emphasis on segments within the consumer space, with Aditya Birla Group recently announcing its entry into the jewellery retail space

Working to extend Udan scheme by another 10 years: Rammohan Naidu

The government intends to offer viability gap funding for seaplane operations, Naidu said

FSSAI orders removal of A1, A2 claims from milk, milk product marketing

Industry players supported the move, stating that it would lead to better transparency and accuracy in dairy product labelling

Bring tourism policy before investment summit: Hoteliers to Raj govt

The state is holding the 'Rising Rajasthan' summit between December 9 and 11

DGCA suspends approval of Bhopal-based International Aircraft Sales

The decision follows an audit of the entity that was done after an aircraft crashed due to engine failure at Guna in Madhya Pradesh on August 11

Civil aviation ministry announces simplified norms for seaplane operations

Under the relaxed norms of the Directorate General of Civil Aviation (DGCA), there will be no need for a waterdrome license and compliance requirements have also been reduced

Cement sector to invest Rs 1.25 trillion as capex by FY27: CRISIL

The agency said an analysis of 20 cement makers, accounting for over 80 per cent of the industry's installed cement grinding capacity as of March, indicates the stated capex combined

Steel sector's tech investment likely to hit $2.7 bn by 2030: Report

These investments will advance technological capabilities and drive progress toward a more efficient and sustainable mining and steel industry

MSMEs' access to formal bank financing hurt due to asset shortage: RBI DG

It is challenging to assess the creditworthiness of small enterprises, says Swaminathan J

Lakshadweep takes off, Maldives out of favour as flights, capacity go up

April-June passenger traffic to Indian island doubled from year-ago quarter

India's oil demand set to plateau by mid- 2040s: BP Chief Economist

Global oil demand will flatline till 2035 before falling, as Chinese demand slows

India remains net steel importer in April-July on rise in Chinese shipments

India imported 2.69 million metric tons of steel between April and July, and exported 1.57 million tons, the data showed

72% employers intend to hire freshers in second half of 2024: Report

The study also highlighted that employers were particularly seeking candidates with skills in cybersecurity, cloud computing, data analytics, and search engine optimisation

Trai to provide clarity on licensing regime for OTTs by Aug-end: Officials

Telcos want communication OTTs to be regulated under the same conditions and treatment as them

India only country to deliver double-digit sales growth of FMCG: Report

India has a dominant position in the Asia Pacific region in modern trade sales, where the premium-plus pricing segment accounts for nearly 40 per cent of FMCG sales

Online vs offline retail: Industry divided over Piyush Goyal's comments

Raises debate over large e-commerce players eating into share of smaller offline retailers

'Smells of predatory pricing': Piyush Goyal red-flags e-commerce boom

Questions Amazon's India investment strategy, says it is to make up for losses

Gem, jewellery exports decreases 21.9% to $1,665.4 mn in July: GJEPC

According to data released by GJEPC -- the apex body for the gems and jewellery industry in India -- the overall exports in the category in July 2023 stood at Rs $ 2,170.71 million

India's data centers to add 500 MW capacity in 4 years: Avendus Capital

The report, *Powering Digital India* Volume II, stated that the sector doubled from 540 MW in 2019 to 1,011 MW in 2023, making India one of the fastest-growing data centre markets globally