Page 440 - Industry News

Union Budget 2024: Govt puts focus on shipbuilding, cruise tourism reforms

Shipbuilding, Cruise Push to Pave Way for Employment, says Sonowal

Union Budget 2024: Companies get limited relief to push MRO services

Indian carriers allocate approximately 12-15 per cent of their total revenues to MRO services, positioning it as the second-largest expenditure following fuel costs

India must strengthen manufacturing sector to create jobs: Fitch analyst

During Tuesday's annual budget, India's government announced plans to spend $24 billion to create jobs over the next five years and $32 billion on rural development this year alone

NCPCR summons Netflix over sexually explicit content available to minors

National Commission for Protection of Child Rights (NCPCR) said 'unrestricted accessibility of explicit content' on Netflix to minors constitutes a violation of the POCSO Act-2012

Govt brings listed equity & units of REITs, InvITs at par to calculate LTCG

According to the Union Budget document, the government has reduced the holding period for determining long-term capital gains for business trusts from 36 months to 12 months

Oil price continues to drop amidst growing ceasefire hope, demand concerns

War in Gaza has lent support to oil prices as investors priced in the risk of potential disruptions to global crude supply in the key producing region of the Middle East, but peace now seems close

Budget 2024: Govt scraps import taxes on critical minerals to aid RE sector

Duties on metals including copper, lithium and cobalt will be lifted to aid the domestic development of sectors like renewable electricity and aerospace, she said in the speech on Tuesday

Union Budget 2024 scraps Rs 15,000 crore mega net zero fund for OMCs

Originally announced as a Rs 30,000 crore fund in Budget 2023, the fund was never disbursed

Budget allocates Rs 1.28 trn for telecom ministry; BSNL to get Rs 82,916 cr

Of the total proposed allocation, over Rs 1 trillion is meant for BSNL and MTNL-related expenses, including Rs 82,916 crore infusion in BSNL for technology upgradation and restructuring at BSNL

Budget 2024 sets up Rs 1,000 cr venture capital fund for space economy

Industry welcomes proposal to expand space economy five-fold in 10 years through private sector participation

Industry discussing trade measures against imports with govt: JSW Steel CEO

JSW Steel continues to look for coking coal assets overseas, including Australia, and Canada, Acharya said

Exports from Gujarat to Bhutan increase by 52% to $21.98 mn in five years

Upon assuming office as Prime Minister in 2014, Narendra Modi made his first foreign visit to Bhutan in June, marking a pivotal moment in strengthening India-Bhutan relations

Heavy rainfall and technology outage aftermath delay 1,129 flights

IndiGo on Monday morning said that Mumbai is going to see increased rainfall, particularly until Monday night, with more anticipated in the coming days

Hitting snooze button: Rest assured, sleep economy is taking off

From AI-enabled mattresses and pillow menus to sleep therapists, restful nights are big business

Coal India forays into critical mineral mining in Madhya Pradesh

CIL won the bid by quoting a mining premium of 150.05 per cent of the value of the mineral dispatch, which it will pay to the State of Madhya Pradesh

Ripe for picking: Apple's India iPhone assembly decision bears fruit

The decision to assemble in India paid off even though it was focused on exports in the beginning. In FY19, only 10% of Apple's phones sold in India were assembled in India, a figure that has now grow

Digitisation, diversification reshaping India's services sector: Eco Survey

The Survey also talked about positive transformations in the regulatory landscape of the service sector which have helped in creating a conducive business environment

Air travel demand normalises after Covid boom, customers back to basics

Ryanair reported earlier on Monday a bigger than expected drop in quarterly profit as fares plunged 15 per cent, with management saying that ticket prices were continuing to deteriorate

Around 8 million jobs created under the PMEGP, says MSME ministry

Scheme has helped over 9.65 lakh micro enterprises since its inception in FY09

AI poses both risks and opportunities for youths, says Economic Survey

Puts onus on pvt sector to make sure jobs aren't replaced but reshaped