Page 435 - Industry News

AI, Robotics companies led office space absorption in Bengaluru: Vestian

According to report titled- 'The Connect Q2 2024'- the office market demand surge in Bengaluru is attributed to rapid global advancements in artificial intelligence and a supportive local ecosystem

Retail leasing in Bengaluru grows by 39% in H1 2024 to 1 mn sqft: CBRE

Retail leasing in India surged to a five-year high in the first half of 2024, reaching 3.1 million square feet across eight cities

IESA to facilitate sending workforce to Singapore for semicon training

These people will spend three to six months in some of the fabs, get some training, come back and implement that in India

Daimler India to offer vehicle financing solutions with Bajaj Finance

The strategic partnership will offer customer-focused finance solutions with faster turnaround times for loan approvals, streamlined credit appraisal processes, and customised financing options

Will consider EU suggestion; come up with whatever good for industry: Goyal

Goyal said the ministry would consider the EU's suggestion and come up with whatever is good for the Indian industry and for the people

Telcos eye 6G rollout with AI-driven network amid ongoing 5G deployment

6G is expected to heavily depend on artificial intelligence, with experts predicting that artificial intelligence algorithms will play a central role in driving the 6G networks autonomously

USFDA scrutiny delays generic drug approvals for major Indian pharma firms

Big Pharma companies Cipla, Sun Pharma, Aurobindo Pharma, Dr Reddy's, and Lupin face intense scrutiny from the US Food and Drug Administration (USFDA)

Advertising, not pay model, likely to drive revenue for video business

Growth of online video depends on ability to attract audiences looking for free video, says Omdia research

M&A wave set to wash over South cement market, say industry experts

UltraTech's buy is latest in four deals southern market has seen in less than a year, with Adani Cement being the other buyer. These deals combined, industry experts say, could spur consolidation

New wastage norms for gold, silver jewellery exports on hold till August 31

The decision was taken on the request of Gems and Jewellery Export Promotion Council (GJEPC), DGFT said in a public notice

Airlines sensitised to exercise moderation in pricing of air tickets: Govt

MoS for Civil Aviation Murlidhar Mohol said ministry holds consultation with airlines and representatives are advised to self-regulate and keep passengers' interest in mind while fixing airfares

Power Grid planning Rs 40,000 cr undersea interconnection with Middle East

A high voltage direct current cable will go from the seabed with a capacity of up to 2,500 MW, he said, adding that it will cost Rs 35,000-40,000 cr and will take up to six years to complete

Govt plans to operationalise Car Nicobar, 11 other airports under UDAN

Currently, 579 routes connecting 85 airports -- including 13 heliports and 2 water aerodromes -- have been operationalised under the UDAN

Domestic airlines reported 427 technical faults in aircraft this year: Govt

During the period from January 2024 till July 19, as many as 268 flights of scheduled passenger airlines were cancelled

Rajasthan govt to form a three-member panel to control industrial pollution

The industry contributes around 24 per cent of the state's gross domestic product, lower than agriculture (27 per cent) and services (41 per cent) to the state's GDP besides other small sectors

India has potential to export 15 mn tonnes coal to its neighbours: Study

India has a potential to export 15 million tonnes of coal to its neighbouring countries like Nepal and Bangladesh, according to a study.

White Matter Advisory acquires 90% stakes in fintech startup Fairexpay

The integration of Fairexpay's capabilities is expected to provide White Matter Advisory with a competitive edge in the cross-border remittance and fund collection market

No plan to mandate blending of ethanol with diesel: Hardeep Singh Puri

Elaborating further, he said reason is that oil marketing companies have tested up to 7 per cent of ethanol in diesel in collaboration with Automotive Research Association of India

India's power generation capacity rose to 4.46 GW in last decade: Govt

In a reply to Rajya Sabha, Union Minister of State for Power Shripad Naik, said installed capacity of coal-based power has increased from 1,39,663 MW in March 2014 to 2,10,969 MW in June 2024

Employer-employee hiring expectations gap continues to grow: Report

Report found that most employees are open to new careers and job roles in 2024 compared to last year