Page 421 - Industry News

Cabinet approved infra projects worth nearly Rs 2 trn since June: Vaishnaw

Information and Broadcasting Minister Ashwini Vaishnaw said the government has approved infrastructure projects worth nearly Rs 2 trillion since assuming office in June

Construction equipment sales rise 5% to 28,902 units in Q1 FY25: ICEMA

The report further said the growth was a result of increasing year-on-year sales in three of the five main equipment segments of the CE industry in the April-June 2024 period

Mining corporation revamps decision-making to fast-track projects

The powers delegated to the CMD would now flow down following a pyramid structure of hierarchy

FDI in food processing sector down 30% to Rs 5,037 crore in 2023-24

FDI was Rs 6,414.67 crore in 2019-20; Rs 4430.44 crore in 2018-19; Rs 5,835.62 crore in 2017-18; Rs 4,865.85 crore in 2016-17; and Rs 3,312 crore in 2015-16 in the food processing sector

Energy storage investments double to $15.4 bn in 1st half of 2024: Mercom

The investments include Venture Capital (VC) funding, debt financing, and public market financing

India soon to become a manufacturing hub, says PM Narendra Modi

Cut import dependence and focus on 'Make in India', PM Modi tells industry

A new recipe: Dhabas to whet tourists' appetite in Uttar Pradesh

The state government has identified tourism as a key sector to fuel its ambition of becoming a trillion-dollar economy

Mounting trouble: Indian carriers least punctual in last six months

Flight disruptions in July were caused by a faulty update from the cybersecurity firm CrowdStrike that led to an outage of Microsoft apps and services, heavy rains in Mumbai and Delhi

PM Narendra Modi calls on India's gaming talent to lead the world

According to Anuraag Saxena, CEO of industry body E-Gaming Federation (EGF), India has about 40 per cent of the world's games, with less than 1 per cent of gaming revenues

Telecom players' Arpu growth falls to 7.5% in FY24, shows govt data

Slow pace of growth precipitated the latest industry-wide tariff hikes

India's medicine exports to US, Italy on the rise: Commerce ministry

According to the commerce ministry data, India is the third largest import source of 'medicine put up for retail sale' for the US. The top two are Ireland and Switzerland

Oil prices rise as US rate cut optimism outweighs slower demand concerns

Brent crude futures were up 70 cents, or 0.9 per cent, at $80.46 a barrel at 1222 GMT, recovering some of the previous day's losses

Textiles, apparel exports rise 4.73% in July on improved demand: CITI

While the textile exports were steady at $ 1,660.36 million in July compared to $ 1,663.06 million, apparel shipments during the month surged by 11.84 per cent

D2M pilot project to be expanded, but no mandate for smartphones yet

Telcos remain opposed to D2M tech, which allows phones to stream live TV without the internet

Space sector crucial for driving India's growth story: PM Narendra Modi

Industry players hail govt steps to boost space sector

Edible oil imports dip marginally by 1.6% in first 9 months of FY24: SEA

India's edible oil imports declined marginally by 1.6 per cent to 119.35 lakh tonnes in the first nine months of 2023-24 marketing year ending October, according to industry body SEA.

AI will overhaul CX, downsize teams, believe 89% industry leaders: Report

Around 92 per cent of Indian industry leaders believe that AI is fundamentally altering everything they know about CX, according to the Zendesk study

Nearly 2,000 housing projects stalled across 42 cities: PropEquity

In the last five years, around 32,000 units have been completed and the SWAMIH fund aims to deliver 20,000 homes every year for the next three years, PropEquity added

Air-conditioner makers log two-fold jump in profits amid blistering heat

Voltas also reported achieving the "milestone" of one million units of AC sales in the first quarter of FY25 and its total income crossed the Rs 5,000 crore-mark during the period

Retrospective taxes set to cost mining industry Rs 1.5 trillion in arrears

Nifty Metal index dropped by 2.4%, and key players like NMDC, Hindustan Copper, and JSW Steel saw their shares fall between 2% and 6% following the SC judgment on Wednesday