Page 443 - Industry News

Retrospective GST on e-gaming firms: SC defers hearing to July 31

Thirty petitions have been filed by real-money gaming companies challenging a demand for over Rs 1.5 lakh crore, calculated at 28% on the face value of bets

OpenAI unveils cheap, less energy-intensive small AI model GPT-4o mini

Priced at 15 cents per million input tokens and 60 cents per million output tokens, the GPT-4o mini is more than 60per cent cheaper than GPT-3.5 Turbo, OpenAI said

Pharma companies on track with QR codes to combat counterfeit drugs

Firms term DCGI move 'positive' as it aims at ensuring patient safety

Tech transforms CIO roles into CDIOs; over 33% rise in hiring, study claims

In modern business, role of CIOs has undergone profound evolution, transforming into what is now widely recognised as CDIO, study by executive search firms WalkWater Talent Advisors reveals

Flipkart announces GOAT sale, offers deals on wide selection of products

Besides large appliances, the sale will have deals on other categories like mobiles, electronics, lifestyle products, grocery, home, and furniture

DPIIT's efforts attract over Rs 1,100 cr investment from global tyre makers

Additional applications received from other global players are currently being evaluated for consideration under this initiative.

Houses worth over Rs 4 cr record 27% growth in sales in Delhi-NCR: CBRE

The first half of 2024 witnessed a surge in the luxury housing market in the Delhi-NCR region, driven by affluent buyers, enhanced amenities, and major infrastructure projects, according to CBRE

Sterling and Wilson Renewable Energy reports Rs 4.8 cr profit in Q1 profits

Sterling and Wilson Renewable Energy Ltd on Thursday posted a net profit of Rs 4.83 crore for the June quarter.

Capitalmind to launch Rs 500 cr in maiden AIF, to invest in 20-40 stock

Investment manager Capitalmind Financial Services on Thursday said it aims to raise Rs 500 crore in its maiden alternate investment fund over the next year.

India's fintech industry projected to reach $420 bn by 2029 at CAGR of 31%

The government's push towards a digital economy, coupled with a young and tech-savvy population, is likely to propel the fintech sector to new heights

Decoded: Why did Karnataka introduce 70% quota for locals in private jobs

The now paused bill mandated a 50 per cent quota for administrative roles and a 75 per cent quota for non-administrative roles in the private sector for the locals, triggering a massive row

Budget 2024: MRAI urges govt to remove import duty on aluminium scrap

The demand driver for aluminium in the next few years is going to be substantially higher due to India's projected higher growth of GDP

Zensar acquires BridgeView to expand into biopharma, life sciences industry

The acquisition is expected to be completed tentatively within 2-3 weeks

Cong-led Karnataka govt puts job quota Bill on hold after industry furore

Nasscom said it is seeking an urgent meeting for industry representatives with state authorities to discuss the concerns

Slowdown at Kota factory with coaching institutes mushrooming closer home

According to estimates by people familiar with the churn, there has been a 30-40 per cent drop in enrolments compared to last year

Rs 32,619 cr and rising: India Inc back with overseas bonds in 2024

Reduced hedging cost, appetite for high-yield bonds help big-dollar borrowing

Soaring temperatures help consumer durable firms rake in moolah in Q1

JM Financial said in its report that companies witnessed the highest growth ever in room air conditioners (RAC) on the back of a strong season, and improvement in demand for refrigerators

Companies now have to report dealings with MSEs on half-yearly basis

This will ensure greater transparency and discourage delayed payments to small enterprises

Fishing groups demand to keep fisheries' subsidy negotiations out of WTO

The General Council is the second highest decision-making body of the WTO after the ministerial conference (MC), which meets after every two years

War of words over Karnataka Bill on local quota in private sector jobs

The National Association of Software and Service Companies (Nasscom) expressed "deep concern" about the Karnataka State Employment of Local Industries Factories Establishment Bill, 2024