Page 419 - Industry News
Top Indian cos sees a 40% jump in sexual harassment complaints in FY24
Data from Complykaro shows a 40.4% increase in sexual harassment complaints, with 268 more cases filed than in the previous financial year
 "Top Indian cos sees a 40% jump in sexual harassment complaints in FY24")
Decoded: Why telcos, OTTs are clashing over new Telecom Act definitions
Traditional telecom operators are pushing for over-the-top (OTT) services, such as WhatsApp and Google Meet, to be regulated on par with themselves to ensure a 'level playing field'
 "Decoded: Why telcos, OTTs are clashing over new Telecom Act definitions")
Trai directs telcos to track messages, block unregistered telemarketers
Trai said that starting September 1, all access service providers are banned from sending messages with URLs, APKs, OTT links, or callback numbers that are not whitelisted by the senders
 "Trai directs telcos to track messages, block unregistered telemarketers")
India's low-cost carriers rule the skies dominated by IndiGo: Report
India's LCC share is much higher than the global average of 34 per cent, reported by OAG for 2024
 "India's low-cost carriers rule the skies dominated by IndiGo: Report")
SC ruling on royalties to affect profitability of mining companies: Moody's
In a major victory for mineral-rich states, the Supreme Court had on August 14 allowed them to seek dues from April 1, 2005 on royalty and tax on mineral rights
 "SC ruling on royalties to affect profitability of mining companies: Moody's")
Govt bans export of de-oiled rice bran till next year's January 31
The government has banned exports of de-oiled rice bran, used in the cattle feed industry, till January 31, 2025.
 "Govt bans export of de-oiled rice bran till next year's January 31")
India aims 10% share in global space economy in 10 yrs: Isro chief Somanath
Isro recently commissioned a study to gauge the impact of space missions on the economy
 "India aims 10% share in global space economy in 10 yrs: Isro chief Somanath")
Alaska Air clears big hurdle in its proposed merger with Hawaiian Airlines
Alaska Air announced in December that it would pay $ 18 in cash for each share of Hawaiian. The deal includes $ 900 million in debt held by Hawaiian Airlines
 "Alaska Air clears big hurdle in its proposed merger with Hawaiian Airlines")
DPIIT floats note to seek distinction between online game of skill, chance
The official said that a clear distinction between the two is necessary to seek foreign investments as online game of skill has huge potential
 "DPIIT floats note to seek distinction between online game of skill, chance")
Battery-storage costs must drop 15% to avoid new coal capacity: Report
No new coal additions might be needed if the BESS costs, excluding the cost of finance, fall to around Rs 60 lakh per megawatt-hour (MWh)
 "Battery-storage costs must drop 15% to avoid new coal capacity: Report")
About 2,000 registrations issued under 'India Handloom' brand: Govt
The 'India Handloom' Brand was launched on August 7, 2015, on the occasion of the National Handloom Day, to brand high-quality handloom products with zero defects
 "About 2,000 registrations issued under 'India Handloom' brand: Govt")
Demand for Indian AI talent to double by 2027 but quality a hurdle: Report
It proposes industry-academia-government collaboration to improve skilling around AI
 "Demand for Indian AI talent to double by 2027 but quality a hurdle: Report")
Trai urges telcos to control misuse of message headers, content templates
The telecom regulator has now "issued directions for enforcement of measures to curb the misuse of messaging services and protect consumers from fraudulent practices."
 "Trai urges telcos to control misuse of message headers, content templates")
Nothing CEO asks staffers to resume in-office work, cites these 3 reasons
Carl Pei acknowledged that the decision might not be universally popular, recognising that many companies have adopted remote or hybrid models since the Covid-19 pandemic
 "Nothing CEO asks staffers to resume in-office work, cites these 3 reasons")
SC verdict to hit mining firms; Tata Steel, JSW Steel to see lower profits
Tata Steel, JSW Steel, and other companies may see higher costs and reduced profitability from new state-imposed mining taxes, leading to inflation, following a Supreme Court decision
 "SC verdict to hit mining firms; Tata Steel, JSW Steel to see lower profits")
Local manufacturing will offer 25K cr annual opportunity for vendors: ICRA
Currently, India imports nearly 50 per cent of its component requirement (by value) from suppliers based out of China, Japan, and South Korea, among others
 "Local manufacturing will offer 25K cr annual opportunity for vendors: ICRA")
Festival season sees airfare surge of 10-25% for major domestic routes
Airfares are rising for the festival season, with ticket prices up 10-15% for Diwali and 20-25% for flights to Kerala cities for Onam
 "Festival season sees airfare surge of 10-25% for major domestic routes")
Cement companies likely to continue raising prices until mid-Nov: Antique
Brokerage firm Antique predicts that the cost curve for cement is likely to continue sliding downward in the second half of the financial year 2024-25
 "Cement companies likely to continue raising prices until mid-Nov: Antique")
Govt makes offshore mineral rules stricter but eases awarding process
The mines ministry has identified 10 offshore mineral blocks for potential auction and is holding inter-ministerial consultation to secure approval
 "Govt makes offshore mineral rules stricter but eases awarding process")
Oil prices falls 2% on Gaza ceasefire talks, weak Chinese economy
US Secretary of State Antony Blinken on Monday said the latest diplomatic push by Washington to achieve a ceasefire deal in Gaza was "probably the best, maybe the last opportunity"
 "Oil prices falls 2% on Gaza ceasefire talks, weak Chinese economy")