Page 449 - Industry News

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

GeM procurement hits Rs 1.24 trn in Q1, set to be world's largest in FY25

Government e-Market (GeM) has over 150,000 government buyers and over 6,200,000 sellers and service providers offering a wide range of products and services

75% Indians expect higher spending on clothes, footwear in 6 months: Report

74% think their spending on groceries may go up in the next six months

India's oil, gas exploration offers $100 bn opportunity, says Oil Min Puri

Puri said only 10 per cent of our sedimentary basin area is under exploration, which will rise to 16 per cent by 2024-end after the current bid ends

India's state refiners in talks for long-term oil import deal with Russia

Nayara Energy and Reliance Industries have already signed term deals for Russian oil imports

Lok Sabha elections cool down home sales in April-June quarter: Report

Consumer sentiment still 'extremely positive' about real estate investments, it says

Housing sales in top 8 cities decline by 6% in Apr-Jun: PropTiger

As per the data, housing sales fell 6 per cent to 113,768 units during the April-June period from 120,642 units in the preceding January-March quarter

Power sector Budget wish list: Funds for green energy, more domestic mfg

Sector executives are expecting a relook of GST rates across the renewable energy supply chain, and viability gap funding for newer sectors

Union Budget 2024-25: MSMEs bat for Rs 5,000 crore export booster

India SME Forum suggested setting up an export promotion and development organisation to support MSMEs in market intelligence, trade opportunities, B2B outreach and connections

Ahead of Budget, hospitality players demand infra status for hotels

Kachru said HAI's key policy recommendation for the budget is that the Centre accord the status of infrastructure to hotels

Budget wish list: Pharma industry seeks tax benefits, effective IPR regime

"Expanding the list of life-saving drugs eligible for GST/import duty exemptions, including all oncology medications, will further improve patient affordability," Matai said

Fair trade, focus on manufacturing, infra on steel firms' Budget wish list

Steel companies hope the govt will continue to focus on infra expansion while also giving the industry a level playing field to compete with imports

Telcos call for tax reforms in telecom sector in Union Budget 2024-25

COAI has restated calls to stop USOF payments, reduce customs duty on equipment

IGI Airport Police arrests 108 agents in incidents of visa, passport fraud

Arrests have been made nationwide, including in Punjab, Gujarat, Haryana, Maharashtra, and West Bengal

India's tech sector needs 1 mn high-tech engineers as economy expands

India's $250 billion tech sector plays an important role in the economy, employing about 5.4 million people

Retail space demand in malls rises 15% in April-June: Cushman & Wakefield

Data showed that the demand for retail space on major high streets across these eight major cities increased 4 per cent annually