Page 446 - Industry News

Ind-Ra to monitor MTNL as interest payment default triggers govt guarantee

In July 2023, MTNL raised Rs 2,480 crore ($296.97 million) through 10-year government-guaranteed bonds at a semi-annual coupon of 7.59 per cent and the interest payment is due on July 20

Petrol pump owners show dissent, to shut PUC centres in Delhi from July 15

Delhi government on Thursday increased the PUC certificate charges for petrol, CNG and diesel vehicles after a gap of about 13 years. The hike ranges between Rs 20 and Rs 40

Non-tariff barriers: Centre readies steps to ease exporters' woes

Sets up panel, identifies challenges, to launch portal soon

India sees fastest growth in electronic waste generation: Unctad report

Unctad report says country saw a 163% jump in E-waste generation between 2010-22

Centre plans to expand area limits to boost critical minerals mining

Shift aims to address challenges associated with mining critical minerals

Tamil Nadu emerges as GCC magnet, pharma major AstraZeneca leads the charge

Not just AstraZeneca, but Pfizer and Roche have also set up their centres in the state

Q1 results preview: Niche US products, domestic growth may boost pharma biz

Brokerages expect aggregate sales growth of 11 per cent, and 21 per cent earnings growth during this period

Railways looks to get monetisation proceeds on track with Rs 17K cr goal

Ministry may generate revenue by leasing out land parcels belonging to Indian Railways

Indian AC industry likely to double in next four years: Blue Star

Company is optimistic about its future business outlook, given changing weather pattern, resulting in hotter summers coupled with new and resilient product portfolio in residential and commercial ACs

Builders cut project completion time by 20% in top 7 cities: Anarock

In last decade, average time taken to complete small projects of less than 500 units across these 7 cities was 4 years, while builders took 4.9 years to complete large projects of more than 500 units

Real estate demand to remain buoyant in India, says Abhinandan Lodha

Lodha firm targets Rs 2,400 cr revenue in FY25

Work from office near pre-pandemic levels, will stop tracking soon: TCS

We actually have come to the point where we believe we are coming back to almost the same levels as we were pre-pandemic times, chief of human resources, Milind Lakkad said

Dabur expects consumption uptick in FY25, power brands to drive growth

The 2023-24 fiscal saw a slowdown in consumption led by rural demand, which was impacted by high food inflation and erratic rainfall

Govt proposes mandatory labelling for bulk pre-packaged commodities

Proposed amendment would require manufacturers, packers, and importers to provide comprehensive labelling on all pre-packaged goods intended for retail sale, regardless of quantity

Govt likely to pay bond interest dues of MTNL, assuring no default

Amid mounting financial woes, MTNL last week informed in a statutory filing that it is unable to make interest payments to certain bondholders 'due to insufficient funds'

India's retail digital payments set to double to $7 trn by 2030: Report

Strong adoption of digital payments in online purchases has potentially led to a permanent shift in consumer behaviours, fueling offline adoption as well

Exports positive in April-June quarter despite challenges: Piyush Goyal

He also said that growth in the services sector is helping the country's outbound shipments to register positive growth rates

Tier-I cities dominate in blue-collar gig job opportunities: Report

Tier-II cities saw 26 per cent of such job openings and accounted for 25 per cent of applications, indicating balanced growth potential, the report said

AERA implements steep hikes on user development fee at Jaipur airport

The fee hikes have been updated on the basis of proposals for development worth Rs 6,000 crore submitted by the Jaipur International Airport Ltd (JIAL)

India to host first global summit for media & entertainment sector in Nov

Vaishnaw said the government was also exploring ways to make available low-cost funds to the media and entertainment sector with learnings from the venture capital model