Page 444 - Industry News

Thiruvananthapuram Airport witnesses 21% surge in passenger traffic

To accommodate this growth, TRV has enhanced its infrastructure, adding three new check-in counters at the domestic terminal to streamline the check-in process

India gears up for seaplane charter flights amid growing industry support

Several companies such as SpiceJet, Mehair, and Heritage Aviation, along with international OEMs, have expressed interest in commercial charter operations for seaplanes

From back offices to strategic hubs, GCCs in India shaping MNC operations

Gradually, leaders at India-based GCCs are gaining greater autonomy, influencing enterprise architecture and participating in budgeting, staffing, and other operational decisions

Indian aviation sets record H1FY24 traffic; IndiGo, Tata Group thrive

Although June 2024 saw a decline in domestic passenger traffic in India compared to May 2024, it was the best June on record with 13.6 million passengers compared to 12.4 million in June 2023

FlixBus partners with Paytm to enhance global travel tech distribution

This collaboration is poised to drive substantial growth for both companies, expanding Paytm's travel options and reinforcing its position in the travel industry

Regulatory framework to push exports via e-comm likely by Sep: Comm secy

He added that the industry is not seeking any financial assistance and just needs a good regulatory ecosystem like taxation and how returned goods will be treated

Planning to establish centre for FTA negotiations, biz deals: Comm secy

Further, the secretary suggested the institute to enhance interaction with industry, as it would help in improving the syllabus and curriculum

Develop high-yielding oilseeds and pulses to cut imports: Chouhan

Addressing the 96th ICAR Foundation and Technology Day, Chouhan highlighted the lower productivity of soybean in India compared to other countries

MSMEs urge RBI to allow P2P lending, crowdfunding to overcome credit gaps

Cite examples of other countries' regulatory frameworks for crowdfunding

Jio, Airtel cumulatively gain 3.44 mn mobile users in May, shows data

Vodafone Idea continued to witness a fall in its user base, data released by TRAI showed on Tuesday

ADIF, PHDCCI sign agreement to boost Indian startup, innovation ecosystem

ADIF associate director Prateek Jain said the alliance is a crucial step to democratise India's digital entrepreneurship landscape

Telecom minister Jyotiraditya Scindia, telco chiefs discuss sector road map

Jio's Akash Ambani, Airtel's Sunil Mittal, and Vi CEO Akshaya Moondra attend meet

65% Grade A office space in India's top 7 cities green-certified: Vestian

Southern cities such as Bengaluru, Chennai, Hyderabad comprise 58% of India's total green building stock, says the consultancy

Pharma and healthcare sector seals $4.1 bn deals in Q2 2024: Report

The average deal size also saw a jump, rising from $9.7 million in Q1 calendar year 2024 to $74 million in Q2 2024

UK starts probe into Microsoft's hiring of former Inflection AI staff

In March, Microsoft hired Mustafa Suleyman, co-founder of Google DeepMind, as head of its newly-created AI unit, followed by a number of employees from Inflection, which he set up in 2022

7 out of top 10 Bollywood box office earners were non-Hindi films in H1

Malayalam cinema has already grossed more than its entire collections in 2023 in the first six months of 2024

India records 79 million domestic air passengers in H1FY24, up 4%: DGCA

In June 2024 domestic airlines flew more than 13.2 million passengers in India, that is around 5.76% more than 12.4 million passengers during the same period last year

Telecom ministry to work on actionable plan on identified issues: Scindia

The minister also met representatives of internet service providers and infrastructure committee as well as those of academia and R&D committee

Mumbai airport passenger traffic rises 7.7% in first quarter of FY24

The rise in passenger traffic comes during major holiday months when people travel during the summer season in India

Naredco suggests raising tax relief on home loan interest to Rs 5 lakh

Naredco noted that under Section 24 of the Income Tax Act, the deduction allowed on interest on loans for self-occupied property is limited to Rs 2 lakh