Page 433 - Industry News

Trai mandates telcos to compensate users for outages, raise penal amount

The Telecom Regulatory Authority of India (Trai) has also increased the penal amount to Rs 1 lakh from Rs 50,000 for failing to meet each quality benchmark under the new rules

Govt agencies conducting risk-based inspections of pharma units: Nadda

Over 400 drug manufacturing units, including MSMEs, inspected after high frequency of NQS reports

Israel-Iran tensions: Air India suspends Tel Aviv flights till August 8

The Israeli government has remained silent on Haniyeh's death in Iran's capital, though Palestinian militant group Hamas points the finger at Israel

Hiring activity up 12% in July, most sectors report double-digit growth

Most sectors reported healthy double digit growths, with pharma/biotech (26 per cent), FMCG (26 per cent), real estate (23 per cent), and AI-ML (47 per cent) leading the way, said the report

Global ocean freight market faces high costs, Red Sea conflict disruptions

The detour around Africa has increased both shipping costs and delivery times, exacerbating the challenges faced by global trade, which is still recovering from a host of geopolitical issues

Sony and Tata Play clash over removal of channels, legal action considered

Tata Play cited declining popularity and cost savings for consumers as reasons for the removal of Sony channels, while Sony claims this to be retaliation from the DTH operator

India's smartphone sales hit $10 bn in Apr-June; Vivo surges past Apple

Samsung topped India's smartphone market in terms of value with a 24.5% share, while Vivo and Apple trailed with shares of 16.8% and 16.3%, respectively

Trai intensifies crackdown on spam, robocalls with new directive to telcos

Telecom firms are only allowed to use the 140 series to make calls to consumers, however, unregistered telemarketers continue to use 10-digit phone numbers, making identification a challenge

New broadcasting bill could label you as digital news reporter: Here's how

With the new broadcasting bill, the Centre is pushing for a consolidated legal framework to organise the broadcasting sector, replacing all the existing policies

Coal production increases by 6.69% to 74.07 mn tonnes in July: Govt

Cumulative coal dispatch witnessed a significant boost in July 2024, touching 79.54 MT, compared to 76.05 MT recorded in July 2023

With open arms: How far can ONDC democratise ecommerce in India?

ONDC promotes open networks for exchange of goods and services digitally, its platform-agnostic architecture allows buyers and sellers to transact irrespective of the platform they use

Nasscom urges govt to have simple and single interpretation on compliance

The association also pointed out that the industry is crucial for the country's ambition of 'Vikshit Bharat' (developed India)

After $4 bn GST notice to Infosys, other IT cos may also get under scanner

In serving its highest-ever tax demand on Infosys, the government accused India's second-largest tech services company of evading taxes and sought Rs 32,000 crore

Turning the tables: How quick service restaurants are tackling slowdown

While high levels of food inflation continue to impact raw material prices, lingering effects of inflation are making consumers pull back on discretionary spends, lending to the sector's slowdown

Domestic travel operators to see 15-17% revenue growth in FY25: CRISIL

The assessment was based on an analysis of the country's four major travel operators, who account for about 60 per cent of the sector's revenue

Power consumption up by 3.5% to 145.4 bn units in July amid rainfall

The highest supply in a day (peak power demand met) also rose to 226.63GW in July 2024 against 208.95 GW in the year-ago month

India's hospitality sector to see strong tailwinds, says Thomas Cook MD

The company reported a consolidated net profit of Rs 73.13 crore during the first quarter ended June 30, marginally up from Rs 70.93 crore a year ago, according to a regulatory filing

Despite new coal plants, India will face more power cuts by 2027: Research

India's power crisis: To avert a looming power shortage, India must accelerate efforts to boost renewable energy capacity, warns new research

Carbon market regulations expected in months as govt studies global models

On the demand side, the strength of the market is to be set by regulations

Steel exports from China making business unsustainable: ArcelorMittal

Steel consumption in China could even contract, according to ArcelorMittal, which lowered its 2024 forecast to a range of -1 per cent to +1 per cent