Page 430 - Industry News

Recreating magic of single-screen: UP looks to revive closed cinema halls

UP Chief Minister Yogi Adityanath has asked officials to draft a blueprint to revive cinemas and facilitate construction of multiplexes and single-screen movie halls

GCC leasing in top 6 cities up 8% in first six months of 2024: CBRE

Global landscape, human capital and real estate foundational pillars of GCC prosperity in India, says the report

Indian SaaS sector likely to reach a market size of $50 billion by 2030

Amongst the surveyed organisations, 99 per cent of firms in India said that they plan to increase their cyber budgets, with half of them anticipating a 6-15 per cent rise

Data centres turn to renewable energy sources as power demand surges

Data centres procure electricity at commercial rates in a state, which usually falls within the highest power tariff slab

Cargo traffic at major ports grows 5.92% to 70.08 mn tonnes in Jul: IPA

The data also showed that 10 of these major ports logged positive growth in cargo traffic handling, while the remaining two saw a negative growth

CIL, GAIL sign agreement to set up coal-to-synthetic natural gas project

While Coal India Ltd (CIL) will have 51 per cent shareholding in the joint venture, GAIL, the nation's largest gas transportation and distribution firm, will have 49 per cent

Tyre prices set to increase again in Q2 as raw material costs soar

Industry experts predict that raw material prices will rise by another 5-6 per cent in the next quarter, although there is hope for stabilisation or even a softening by the third quarter

Around 337,900 MW power capacity likely to be added by 2032: MoS Power

Total generation capacity increased by 79.5 per cent from 248,554 MW in March 2014 to 446,190 MW in June 2024, he said, adding that 'total anticipated capacity addition by 2032 will be 337,900 MW'

New shipbuilding scheme to incentivise Indian shipyards till 2035

Responding to question on govt's plan for green shipping, Ramachandran said ministry will provide 30 per cent financial assistance for vessels where main propulsion is achieved by means of green fuels

Health Minister Nadda urges states to spend more on health infrastructure

On opposition claims on reduction of funds for health infrastructure mission, Nadda said states were able to spend just Rs 1,806 cr out of budgetary allocation of Rs 4,200 cr in last year's budget

Airbnb partners with Financial Crimes Investigators to combat travel scams

Airbnb has implemented several measures to safeguard its customers' information and bookings

Electronics exports among top 3: PM Modi credits 'Yuva Shakti' for feat

PM Modi reposted Ashwini Vaishnaw's post on X citing Business Standard's front page story in Monday's edition, which reported that electronics exports were among top 3 categories in India

FAME-III scheme implementation in final stages, timeline remains unknown

Union Minister for Heavy Industries HD Kumaraswamy shared that preparations for FAME III are almost finalised and ministries have proposed recommendations on how to effectively implement the programme

Firms lease 53mn sq ft office space since 2022 to set up GCCs in 6 cities

GCCs have significantly amplified their Indian operations over recent decades, propelled by a skilled workforce

Customs, banking rules level with China, help boost e-com exports: GTRI

Currently, over 60 per cent of China's global cross-border e-commerce exports use overseas warehouses

Tech layoffs 2024: IT companies lay off 100,000 employees till July 2024

Major IT firms such as Intel, Microsoft, Intuit, among others have laid off 124,517 employees across the globe till July this year

Trai's service quality rules will raise compliance and costs, says telcos

Telecom companies said the new rules will impose additional costs on them, and the benefits to consumers will be minimal

Rashtriya Ispat Nigam stake sale plan likely to pick up pace this year

The Centre holds 100% in Visakhapatnam steel plant. RINL is the parent company of Eastern Investments Ltd (EIL), owning 51% in it

Apple iPhone export surge catapults electronics to podium position

Only engineering goods and petroleum products rank higher. In the same quarter of 2023-24 (FY24), electronics held the fourth spot

IT workers rally in Bengaluru to protest 14-hour workday proposal

The proposal was presented in a meeting called by the labour department with various stakeholders in the industry recently