Page 427 - Industry News

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

Aesthetic medicine mkt to triple by 2029, driven by non-surgical procedures

India's current aesthetic medicine market stands at approximately $1.62 billion and is expected to grow at a compound annual growth rate (CAGR) of 13.2 per cent

Logistics cost will be below 9% of GDP by April next year, says Gadkari

However, according to quick estimates of economic think tank National Council of Applied Economic Research (NCAER), the logistics cost in India ranged from 7.8 per cent to 8.9 per cent of GDP

Critical minerals emerged as drivers of modern economy: Coal minister

Union Budget 2024-25 has proposed launching Critical Mineral Mission for domestic production, recycling of critical minerals, and overseas acquisition of critical mineral assets

Bhartiya Vayuyan Vidheyak to address discrepancies in aviation law: Govt

Naidu explained that the 1934 Act had undergone 21 amendments, resulting in ambiguities and contradictions, particularly regarding the powers and functions of internal organisations

Trai completes mandatory examination of recent industry-wide tariff hikes

The telcos have submitted details of the hike within the stipulated seven days

IT hiring likely to grow by 8.5% by next year as demand grows: Report

Hiring is set to surge, with an estimated 8.5 per cent increase in job roles within the industry by next year, according to a report by Indeed

Aircraft MRO industry to reach $4 bn in seven years: Aviation min tells LS

He said the country's aviation industry had seen massive transformation and growth during the past 10 years

FMCG sector grows 4% in value, 3.8% by volume in April-June: Report

Industry growth steady and reflects resilience and adaptability, says consumer research firm NielsenIQ

July 2024 sees drop in white collar job vacancies, back to 2023 figures

The number of active job openings in July reflected a 4 per cent decline from July 2023 and a 10 per cent drop from July 2021, particularly in roles requiring one or more years of experience

India always cares for, looks after interests of Global South: Piyush Goyal

We do believe that we would like to be a friend to every country in world, more so member states of Bimstec, 7 nations who collectively make up almost 22 per cent of world population, Goyal added

Govt to allow 35% bio-bitumen mixing, saving Rs 10,000 cr in forex outflows

Gadkari said Indian Oil Corporation has a project in Panipat for making one lakh litres of ethanol per day from rice straw apart from 150 tonnes of bio-bitumen per day

Pan masala makers to pay fine from Oct if machines unregistered with taxmen

Move to overhaul registration, record-keeping, and monthly filing of such businesses was aimed at improving Goods and Service Tax (GST) compliance for manufacturers of pan masala and tobacco products

Microsoft regains top spot as best employer to work for in India: Randstad

The company was on the top of the list in 2022, but had slipped to fifth in 2023

India evolving as a major manufacturing base for Kobelco Construction: CEO

Kobelco Construction Equipment India manufactures excavators and cranes at its factory in Sri City in neighbouring Andhra Pradesh, located about 110 km from Chennai

Separate marketing code: Medical devices industry welcomes govt's move

A separate marketing practices code has been a long-standing demand for medical devices. Currently, the industry has to comply with the marketing practices code for pharmaceuticals