Page 425 - Industry News

Indian steelmakers seek to soften proposed import curbs on key ingredients

The Indian Steel Association said in a letter, dated Aug 1, to the country's federal trade ministry that the proposed metallurgical coke import quota could hit the ramp-up of blast furnaces

Govt invites EoI to build multiproduct food irradiation units under PMKSY

A financial assistance in the form of grants-in-aid or subsidy will be provided to the eligible projects under the demand-driven Cold Chain scheme

Amazon India sets up 4 hubs to deliver relief material in less than 24 hrs

Located at Thane (Maharashtra), Faridabad (Haryana), Hyderabad (Telangana) and Purba Bardhaman in West Bengal, these disaster relief mitigating facilities will enable the company to mobilise resources

Indian firms resuming operations in Bangladesh after protest disruptions

Here are some details of what Indian companies have said about their activities in Bangladesh, where many products made by India-based firms are household names

Sarbananda Sonowal introduces two shipping-related bills in Lok Sabha

Shipping Minister Sarbananda Sonowal on Friday introduced two bills -- Carriage of Goods by Sea Bill, 2024, and the Bills of Lading Bill, 2024, in the Lok Sabha.

To generate jobs, Puducherry minister to unveil new industrial policy soon

Chief Minister N Rangasamy told the Bharatiya Janata Party legislator P M L Kalyanasundaram that the revenue from the Excise department accounted for a lion's share of revenue

Weak business driving TCS, Infosys and Cognizant to cut travel costs by 50%

A recent American Express survey found that one of the factors hindering a complete recovery of business travel post-Covid is the increasing prevalence of virtual meetings and events

Germany's proposed low emission steel standard may hurt India biz: GTRI

India's steel exports have dropped by 31.2 per cent from $31.7 billion in 2021-22 to $21.8 billion in 2023-24, while imports have increased by 37 per cent

Wipro, Coforge among firms with highest paid IT CEOs in FY24: Check list

Coforge CEO Sudhir Singh's annual remuneration in FY24 stood at Rs 105.12 crore, positioning him at the second spot after Wipro's former CEO Thierry Delaporte

From PepsiCo to P&G, India becomes next big FMCG growth bet as China lags

With India's economy expanding at the fastest pace among major emerging markets, companies are trying to serve its diverse palette

Monthly export of readymade clothes may rise by $250 mn amid B'desh crisis

Bangladesh's readymade garment exports have already declined by 17 per cent in the first quarter of the current fiscal year compared to the same period last year, a report claimed

All quiet on eastern front: B'desh unrest grinds Petrapole biz to a halt

The total trade at the Petrapole border was Rs 30,420.92 crore in FY24

IT companies face 'long curve' before revenue visibility from GenAI

Peter Bendor-Samuel, CEO, Everest, a research firm, said there was a long curve before GenAI started generating money

India's wearable devices market dips by 10% to 29.5 mn units in Q1: IDC

According to the report, Oppo along with OnePlus had the biggest fall in shipment of 35.8 per cent year on year (YoY). It was followed by Fire-Boltt whose wearable shipment declined by 24.3 per cent

No back-door entry for defaulting promoters: FM Nirmala Sitharaman

Statement comes in response to concerns over haircuts in insolvency cases

Education made up 33% of firms' CSR spend in FY23, shows govt data

Reliance topped social spending from FY19 to FY22

Clinical trial waiver only if drugs have greater benefits, says govt

A senior official in the health ministry said that the rule will help to make available essential drugs that have a significant therapeutic advance over the current standard care

Fintech solutions can positively impact income, savings: CEA Nageswaran

Says fintech industry should be aware of the challenges that fintechs may pose to society

War on spam: Trai directs telcos to curb misuse of bulk connections

Internet URLs or APK files which are not whitelisted can't be delivered by texts, TRAI directs

IT sector hiring to see growth of 8.5% next year, says Indeed report

Companies are actively hiring for roles such as application developer, software engineer, full-stack developer, and senior software engineer, said the report