Page 428 - Industry News

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

Govt data reveals over 50,000 real estate cases pending in consumer courts

As per the data, there have been 244,813 cases filed in consumer courts at national, state and district levels, out of which 194,555 cases have been disposed and 50,258 cases are pending

7.3 million connections obtained on fake documents shut down: DoT

66 lakh connections axed after subscribers found to be holding more than the legal number of SIM cards

Indian pharma market registers over 6% growth in July '24: Pharmarack

"Seasonality-driven molecules and molecular combinations, especially anti-infectives, have shown a relatively stronger volume-driven growth," the firm stated in its report

Consultation paper on spectrum allocation for satcom soon: Trai Chairman

We have received a reference from the government...it should take about a month's time to issue the consultation paper... you can expect it around the first week of September, Trai chief added

Portal to facilitate business visa for Chinese technicians started: Govt

The move assumes significance as some domestic manufacturing firms have flagged the issue of delay in getting visas for Chinese technicians

Indian steel prices plunge to lowest level in over three years: BigMint

Increased imports from China and Vietnam into India, alongside Chinese supply in overseas markets, have made Indian exports uncompetitive in many regions, putting downward pressure on domestic prices

India a key lifestyle hub for global brands; 90% of top 50 active: Report

About 50 per cent of global brands have greater than $ 30 million in revenue in India, the study E-Styling India: Decoding India's Online Fashion and Lifestyle Shopping Trends, said

Residential sales in top cities expected to witness double-digit growth

ICRA expects the average sale price (ASP) to increase further by 5-6% in FY2025

Ahmedabad continues to be most affordable housing market in India: Report

Pune and Kolkata rank next in Knight Frank India's index, which says Mumbai is 'unaffordable'

Tenders for boosting grain storage capacity given via online process: Govt

Bandyopadhyay raised concerns about the sufficiency of the storage capacity at FCI godowns and the involvement of a private entity in the sector

Tech layoffs continue: Dell to slash 12.5K jobs in restructuring for AI era

Dell executives Bill Scannell and John Byrne communicated the layoffs through an internal memo, titled "Global Sales Modernisation Update", on August 6

Trai chief rules out any rethink on new service quality norms for users

Telecom regulator TRAI on Wednesday ruled out any rethink of new service quality norms that require telcos to compensate users for service outages and raise penalties for not meeting benchmarks

India's e-lifestyle market to triple by 2028, reach $45 billion in value

The penetration of e-commerce within the lifestyle sector is expected to rise from the current 13 per cent to 18-22 per cent by 2028, according to a report

Indian energy cos lag in R&D, innovation metrics compared to global peers

India's leading energy companies do not fare better than global firms on R&D intensity, proportion of employees with a PhD degree, and patents per billion dollar revenue, according to FAST India

The petrochemical shift that could quench LPG production thirst

IndianOil's petrochemical strategy is primarily based on utilising captive feedstocks, he said

Amid GCC boom, Big Four in India are boosting hiring of 'tech architects'

Deloitte India has over 500 of these architects and says there is a growing demand for them across the consultancy's clients

ADB, World Bank's IFC, DEG pump $275 million into Fourth Partner Energy

Largest equity deal by 3 investors in Indian RE sector

Bangladesh crisis poses significant concerns for textile industry: CITI

The domestic textile industry body believes that any supply disruption in Bangladesh will have an immediate impact on the supply chain, potentially affecting production schedules