Page 448 - Industry News

ICAI to establish Section 8 company for mediation, arbitration activities

Section 8 companies are set for not-for-profit activities and the Institute of Chartered Accountants of India (ICAI) has so far set up five such companies

Ireda Q1FY25 results: Net profit surges over 30% to Rs 383.69 crore

As the largest pure-play green financing NBFC in the country, it stated that Ireda achieved a new industry standard by publishing its audited financial results within only 12 days

Industrial gas firm Air Liquide India sets up manufacturing unit in Mathura

The unit will supply industrial gases across Delhi Capital Territory, Western Uttar Pradesh, Rajasthan, and Madhya Pradesh

Adani Ports aims to complete phase one of long-delayed port by year-end

Adani Ports, a part of billionaire Gautam Adani's ports-to-power conglomerate, aimed to start operations at the port in the state of Kerala in 2018 but faced delays due to land acquisition issues

Affordable flats launches drop 21% annually in April-Jun in top 7 cities

Of the total new supply in the June quarter, the launches of affaordable flats stood at 13,277 units, a fall of 21 per cent from 16,728 units in the same period last year

Financial institutions plan annual ESG spending of up to $500,000: Study

More than half of global financial institutions find keeping up with changing regulations as a challenge in meeting ESG goals

From cheese to whisky: India returns 1,500 imported foods amid safety woes

India imports food from over 100 countries, regulated under the Food Safety and Standards Act of 2006, ensuring uniform standards for both domestic and imported products

Tens of thousands of small biz gear up to offer Prime Day deals: Amazon

The owners of small firms would offer deals on lakhs of products to customers across various categories such as home and kitchen, fashion and grooming on the e-commerce website

India a big, long-term growth market, says beverage major PepsiCo

Beverage major sees double-digit growth in convenient foods, beverages in Q2 in India

Farmers' association SKM to resume protest over MSP, loan waiver

Farm Min Chouhan reviews the sowing of Kharif crops

Flexi staffing industry rose 15% in FY24: Indian Staffing Federation

The report also noted that the average salary within flexi staffing is Rs 22,000, as this industry creates formal employment that is much above minimum wages

Oil, gas exploration offers $100 bn opportunity: Hardeep Singh Puri

Oil marketing companies in talks with Russia for long-term deal, say officials

1.2 bn phones in use, main priority to 4G network's scope in India: Scindia

Union Communications Minister Jyotiraditya Scindia on Thursday said mobile phone penetration in the country stands at 70-80 per cent of citizens and some 120 crore devices are currently in use.

Space regulator nod must for using non-Indian satellites from April 2025

The existing arrangements/mechanisms/processes for provisioning of capacity in any of the frequency bands (C, Ku or Ka) from the Non-Indian Satellite operators can be extended till March 31, 2025

Union minister HD Kumaraswamy assures support to RINL steel plant in Vizag

RINL family should not panic about closure of plant with blessings and support of Prime Minister (Narendra Modi), RINL's production will reach 100 per cent capacity of plant permanently

Rajasthan expedites marking, e-auctioning of mines to curb illegal mining

Illegal mining can be curbed only by promoting legal mining

Sale of Mumbai luxury homes, priced over Rs 10 cr, up 8% to Rs 12,300 cr

Out of the total sales, the primary luxury segment saw sales worth Rs 8,752 crore while the secondary (resale) market saw record sales of over Rs 3,500 crore, up 38 per cent compared to the first half

Vodafone Idea reaches out to DoT for waiver of Rs 24,700 cr bank guarantee

Vodafone Idea has reached out to DoT seeking waiver for financial bank guarantee (FBG) worth Rs 24,747 crore which it has to pay in September 2025

Vegetable oil imports up 18% at 1.55 million tonnes in June: SEA data

Solvent Extractors' Association of India (SEA) data showed that import of vegetable oils during June 2024 stood at 1,550,659 tonnes compared to 1,314,476 tonnes in the year-ago period

Prestige Estates reports Q1 sale bookings down 23% at Rs 3,029 cr

Despite the lag in approvals and project launches during the election period, we still crossed a commendable sales figure of Rs 3,000 crore, Irfan Razack, Chairman and MD of Prestige Estates said