Page 423 - Industry News

Indian ports make bunkering activity gains amid Red Sea crisis: S&P

Bunkering activity and STS calls at the country's ports increased 64 per cent Y-o-Y between January and July 2024, stated S&P Global Commodity Insights

EEPC India, ISSDA sign MoU to promote MSME exports, international trade

The Engineering Export Promotion Council of India (EEPC India) and the Indian Stainless Steel Development Association (ISSDA) on Tuesday signed an MoU to promote exports by MSME members.

Interest rate derivatives to get boost as top insurer LIC enters market

Forward rate agreements (FRA) are contracts between banks and insurance firms that allow the latter to lock in rates for a future date, protecting them from volatility

Subdued discretionary spending to hit India's IT services growth: Report

The latest Fitch Ratings report says that the long-term growth of India's IT services sector will be supported by client spending on digital transformation, cloud migration, and AI

Indian smartphone market grows 7.2%, reaching 69 million in H1 2024

5G smartphone market share up to 77 per cent in Q2 2024, ASPs decline by 22 per cent

Sugarcane set to reclaim dominance as ethanol feedstock next year: Industry

Industry experts anticipate a shift back to sugarcane-based molasses as the primary feedstock for ethanol production next year, driven by expected surplus sugar supplies and calls to lift restrictions

Trai asks telcos to blacklist unregistered telemarketers' lines over spam

Trai has issued directives to access providers to disconnect all telecom resources of unregistered senders for making spam calls under Telecom Commercial Communication Customer Preference Regulations

Govt mulls ethanol price hike for 2024-25 season to increase production

Ethanol prices, fixed by the government, have remained unchanged since the 2022-23 season (November-October), currently, ethanol produced from cane juice is priced at Rs 65.61 per litre

Centre sets up team to implement internship scheme announced in Budget

The Union Ministry of Corporate Affairs is holding discussions with corporate HR leaders in Delhi and Mumbai to finalise the contours of the scheme

Share buybacks surge as firms brace for new tax rules starting October 1

Starting October, under the revised budget provisions, taxes on share buybacks will be levied on the shareholders receiving the proceeds, according to their respective tax slabs

Green-certified buildings account for 82% of all office leasing: Colliers

Sebi's mandatory sustainability reporting norm also playing a key role in rising interest in green buildings India, led by tech-hub Bengaluru

How a sleepy Czech town is helping Europe compete in the global chip war

Roznov was best known for its rum-drizzled sweet pies and open-air museum showing off historical wooden houses, then US chipmaker ON Semiconductor picked it for a new $2 bn manufacturing hub in June

Heavy rains impact food delivery and quick commerce in north India

Poor road conditions and waterlogged streets amid heavy rainfall have led to an increase in undelivered orders

Hotel bookings in 'suite' spot for Independence Day long weekend

Goa has witnessed a 166 per cent spike in bookings

Sky high: Diwali airfares shoot to Rs 20K-30K on some domestic routes

Limited capacity growth, high demand pushing up ticket prices

80th NSS round: Surveys soon on health, domestic tourism, and travel

The survey on health will build upon the 79th round of the NSS, which had covered only a few topics on health, in contrast to the latest round, which is expected to be more extensive

India, UK explore green technology for recycling critical minerals

This initiative is designed to enhance the sustainability of critical mineral supply chains from exploration, mining, smelting, processing, and recycling

Govt approves 20% premium for natural gas from new wells for ONGC

Currently, two pricing regimes govern the majority of the domestic production of natural gas, which is used to generate electricity, produce fertiliser, turn into CNG

Merchandise exports growth may slow to 4.2% in Q2, says Exim Bank

Merchandise exports are projected to increase to $111.7 billion in Q2 against $109.9 billion recorded in Q1

Hindenburg Research allegations baseless and misleading, says Reit lobby

Says Sebi developments having market-wide benefits