Page 420 - Industry News

Quick commerce platforms hit record sales during Rakshabandhan celebrations

Blinkit, which holds about 40 per cent share of the quick commerce market, sold about 700 rakhis every minute

Tech and startup groups push back against licensing regime for OTTs

Write to government ahead of public consultations later this week

SpiceJet's domestic market share falls to 3.1% in July, shows DGCA data

SpiceJet had recorded a market share of 16 per cent in March 2020, just before COVID-19 spread across India. The airline has been recording losses for the last six years

Indian PC market grows 7.1% to 3.39 mn shipments in Q2 CY2024: IDC

The launch of artificial intelligence (AI) PCs is expected to drive refresh commercial orders from Q3 onwards. However, they may not bring significant consumer demand in the near term

Fuelled by high demand, QTS level in India at a historic low: Knight Frank

The demand for luxury homes continues to drive the Indian residential market, but the affordable segment is shaky

Container traffic at ICTT Cochin decreases 7% to 73,376 TEUs in July

This was for the third consecutive month that the container handling at the facility stood at more than 72,000 TEUs

Mining companies' operating costs could surge after SC ruling, says Fitch

India's top court late last month upheld the right for state governments to levy taxes on minerals extraction and last week allowed them to do so retrospectively

Airfares increase up to 25% for Diwali, Onam festival season travel

While the ticket price for Mumbai-Ahmedabad flight has declined 27 per cent to Rs 2,508, the fall is 25 per cent at Rs 4,890 for Mumbai-Udaipur flight

Glenmark Pharma introduces generic eye treatment medication in US

"This addition highlights our commitment to meeting market needs and providing high-quality over-the-counter solutions for our customers," Moreno said

Domestic air traffic rises 7.3% to 12.9 mn on annual basis in July

IndiGo continued to dominate domestic air traffic with its market share rising to 62 per cent in July while that of Air India dropped to 14.3 per cent

Port workers' union call for strike to demand better wages, benefits

A strike by India's port workers could exacerbate the existing congestion issues at Asian and European ports, leading to further delayed shipments

Retail sector slashes 26,000 jobs due to falling demand, expansion halt

The reduction was primarily driven due to Reliance, Titan, Raymond, Page, and Spencers, which cut 52,000 jobs, or 17% of their workforce

Leather exporters to visit Russia from Aug 26 to tap biz opportunities

A delegation of over 20 leather sector executives will be visiting Russia this month to seek investments and tap growing export opportunities.

New rail lines to put mineral transportation from C'garh on fast track

The Korba-Ambikapur rail line will connect two major cities known for having rich coal reserves

Retailers cheer as fresh stock flies off shelves during I-Day long weekend

Fresh merchandise flew off shelves for retailers during the long weekend

As Foxconn looks to up India play, 3 South states roll out red carpet

The firm is reportedly looking beyond smartphones and considering segments like ICT, EVs

Nearly 12% of India's tested spice samples fail quality, safety standards

Britain then tightened controls on all spice imports from India, while New Zealand, the United States and Australia have said they were looking into issues related to the brands

Bank union urges more staff, security amid Ladki Bahin Scheme rollout

Additionally, some beneficiaries with defaulted accounts face restrictions that prevent them from accessing benefits, resulting in unrest and even violence at branches

Isro, Skyroot, Agnikul eye share in small satellite launch market in India

IIT-Madras incubated Agnikul Cosmos is also expected to launch its orbital rocket Agnibaan next year

Fssai launches project to check microplastic contamination in food

The Food and Agriculture Organization (Fao) had recently highlighted the presence of microplastics in common food items such as sugar and salt