Page 434 - Industry News

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

Chandrayaan-3 success encourages startups for space sector: Nambi Narayanan

The space tech aims to nurture startups in the space sector by offering its expertise including seed fundings among others

Hiring of freshers by IT companies likely to go off-campus in FY25

HR experts concurred that the fiscal year 2024-25 will be better than the last fiscal. The total intake from campuses for the sector may hover around 100,000-120,000, according to estimates by Xpheno

Govt decreases windfall tax on petroleum crude to Rs 4,600 per tonne

The SAED on the export of diesel, petrol and jet fuel or ATF has been retained at nil

385 mines auctioned since 2015, only 50 operational; challenges persist

The government said the amendments made in the MMDR Act have led to speedy auction and production from mines

Budget 2024: No 'budget' for energy transition is a cause for concern

Withdrawing funds for the initiative to be taken up by oil refiners, who have lost their power to price fuels for the last few years, is a cause for concern

Call rates in India among lowest in world: Telecom minister Scindia

Total internet subscribers in the country have increased from 251.59 million as on March 2014 to 954.40 million in March 2024 at compounded annual growth rate (CAGR) of 14.26 per cent

India smartphone shipments dip 2% in Q2 2024 as slow demand takes toll

Another key takeaway was that India's smartphone market hit its highest ever Q2 value, driven by the ongoing trend of premiumisation

Over 30% GenAI projects won't survive beyond proof of concept: Gartner

A major challenge for organisations is to justify the substantial investment in GenAI for productivity enhancement, which can be difficult to directly translate into financial benefit, said Gartner

JSW Cement enters race to acquire promoter stake in Orient Cement

Aditya Birla and Adani groups have been aggressively acquiring cement firms to expand their manufacturing units, JSW has not also entered the race

Data breach cost for Indian organisations up 39% since 2020: IBM report

AI, automation play 'significant role' in accelerating organisations' ability to identify breaches

India's top 5 IT firms continue headcount decline for 7th straight quarter

In the first quarter of FY25 ending June 30, the total number of employees at Tata Consultancy Services, Infosys, Wipro, HCLTech, and Tech Mahindra fell by 2,034 compared to the previous quarter

Jute sector highlights key issues at standing advisory committee meeting

Key stakeholders such as representatives from the sugar and plastic industry bodies participated in the meeting

Industry, wealth creators 'primary driving force' in India's growth: PM

Says they should go shoulder-to-shoulder and compete with the Centre to fulfil the dream towards Viksit Bharat

Progress or distress? Track the rise of women-led informal businesses

New Budget schemes seek to improve market access, scaling of operations for women-related ventures

Qualcomm launches India-made chip to compete with MediaTek in 5G market

The company has partnered Chinese phone maker Xiaomi, and the first phones based on this chipset are expected to hit the market by October this year. It is also in talks with other device makers

India's 2047 economic goal offers Airtel big opportunities: Sunil Mittal

India's push on digitisation has made it outlier in terms of delivering both public services and goods to last mile, and telecom industry's significance as economic multiplier is likely to increase