Page 438 - Industry News

India's domestic steel production likely to cross 300 mn tonnes by 2030

The current steel demand remains strong with infrastructure push from the government and expecting a growth of about 10 per cent

Steel ministry knocks on finance ministry's door for RINL support

The request to finance ministry is to help RINL continue as a going concern

Roadmap for decarbonisation of steel to be out for public consultation soon

India's steel sector accounts for about 12% of total greenhouse gas emissions, with an emission intensity of 2.55 tonnes of CO2 per tonne of crude steel compared to a global average of 1.9 tonne

About 151 GW green capacity under implementation in India: Pralhad Joshi

The tendering process for 76.42 GW capacity of projects has already been completed, the minister said

August rush: Airfares jump by 46% as long holiday week drives demand

Industry sources state that a significant number of planes in India continue to be grounded due to engine issues, supply chain problems, or financial difficulties

Steel industry in talks with govt for level-playing field: Sajjan Jindal

Cheap imports affecting domestic companies' margins, says chairman and managing director of JSW Steel

Mobile phones, components worth Rs 5.14 trillion produced under PLI scheme

"As of June 30, 2024, incremental investment of Rs 8,803.14 crores had been made under the SPECS scheme. This has led to production of Rs 18,083.55 crores till 30th June 2024," Prasada said

Chhattisgarh government seeks suggestions for new industrial policy

The policy and a vision document for Viksit Chhattisgarh will be released on November 1, marking the state's foundation day

Ministry of Ports receives 29 proposals worth Rs 3,300 cr from Andhra

Visakhapatnam Port Authority and Inland Waterways Authority of India (IWAI) have undertaken 36 projects in Andhra, with combined investment of Rs 4,600 cr, Shipping and Waterways Minister Sonowal said

India to get 12 new industrial cities; DPIIT to approach Union Cabinet

With eight already under the development stage and the announcement of 12 new in the Budget, the total count of these cities in the country to 20

Oil regulator PNGRB increases tariff on petroleum product pipeline

From the 11th year, the tariff will be determined based on the DCF methodology with a 12 per cent return over the remaining economic life of the pipeline

'Say goodbye to 9-to-5 jobs': LinkedIn co-founder latest prediction on AI

LinkedIn co-founder Reid Hoffman forecasts a seismic shift in the workforce landscape, driven by the relentless advance of artificial intelligence

India's auto components industry still reeling from Red Sea crisis

The Indian auto component industry exported items worth $21.2 billion in 2023-24, marking a five per cent year-on-year growth, he noted

DPIIT working on proposal for setting up 12 new industrial cities: Official

The Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh said that eight such cities are already under different stages of implementation

3PL in Chennai, Delhi-NCR drive industrial & warehousing demand in H1FY24

First half of 2024 has witnessed 13 million sq ft of leasing activity, representing a 17 per cent year-over-year growth with Delhi NCR and Chennai leading the charge, says Colliers report

Dilip Kumar's sea-view Pali Hill property sold for a whopping Rs 172 cr

The redeveloped building will feature a 2,000-square-foot museum dedicated to legendary Bollywood actor Dilip Kumar, along with 4- and 5-BHK luxury apartments

Gold industry seeks One Nation, One Rate policy, beginning from East India

All stakeholders have shown interest in the idea of a unified gold rate across the country, said Samar Kr De, President of the Swarna Silpa Bachao Committee

Workplace injuries rise 8.5% and fatalities fall 21%, says IiAS study

Total fatalities decreased to 463 in FY23 from 587 in FY22 but still account for more than one death per day

Buyers throng jewellery stores after cut in Customs duty on gold

The government has reduced custom duties on gold bars to 6% from 15%

Parle, Britannia emerge India's top chosen FMCG brands, says Kantar

The five most chosen out-of-home beverage brands in India are Thums Up, Frooti, Amul, Maaza, and Bisleri