Page 431 - Industry News

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

Centre plans tougher ad curbs on liquor makers such as Carlsberg, Pernod

Now they could bring fines for companies and bans for celebrities endorsing tobacco and liquor ads deemed misleading, according to the top civil servant for consumer affairs

From Dabur to Britannia, FMCG firms begin to see volumes growth revival

Companies expect the trend of rural outpacing urban to continue

Cheap Chinese imports hurting domestic market: Tata Steel's T V Narendran

Tata Steel MD and CEO warned that low-priced Chinese steel may impact Indian cos capex plans

Telangana IT exports clock 11% growth rate to Rs 2.68 trn in FY24

An official release from the state government said the sector now supports over 9.46 lakh professionals with a net addition of over 40,000 jobs in FY24

Trai issued norms without much change in challenges faced by telcos: COAI

The regulator has introduced a graded penalty system of Rs 1 lakh, Rs 2 lakh, Rs 5 lakh and Rs 10 lakh for different scales of rule violations and submitting false report under revised regulations

FinMin asks state-owned general insurers to focus on profitable businesses

Public sector general insurance companies are undergoing various reforms, including organisational restructuring, product rationalisation, cost rationalisation and digitalisation

India leads global VFX industry with rich history, cutting-edge technology

History and tech power have ensured India remains at the forefront of the global visual effects business

Spending on outbound tourism to rise 11%, reaching $55 bn in 2034: Report

The 'Navigating Horizons' report jointly prepared by Nangia NXT and Ficci said packaged tours still dominate the outbound market in India