Page 453 - Industry News

Foreign firms must adapt to India's biz environment: TAITRA on Foxconn row

Refusing to be drawn into controversy regarding Foxconn's hiring practices, TAITRA Chairman James C F Huang emphasised that every Taiwanese company comes to India with good faith

Tata group airlines complete harmonising operating manual ahead of merger

Following completion of harmonisation of operating manuals, Air India said there will be two separate manuals, one for full-service carrier Air India and other for the low-cost Air India Express

National-level builder-buyer agreements for realty to be a reality soon

Santosh Kumar, vice chairman of Anarock Group, said that while RERA in respective states has been actively resolving consumer grievances, buyers often struggle to get their homes as promised

Tea prices soar as heatwaves, floods slash output in key producing regions

Production was also affected by the government's decision to ban 20 pesticides

Statsguru: Jio, Airtel, and Vi hike mobile tariffs to boost 5G investments

Subscriber churn is expected, though companies have varied the hikes to minimise the impact at the lower end. Reliance Jio is expected to widen its lead over others in terms of total subscribers

Indian pharmaceutical market registers over 8% growth in June 2024

GSK's antibiotic drug Augmentin and USV's anti-diabetic drug Glycomet GP continued to be the top-selling medicine brands with sales of Rs 76 crore and Rs 66 crore, respectively

Japanese company Horiba plans to set up a unit in India for fab players

Facility to mirror scale of Horiba's Kumamoto plant in Japan

Global firms are reducing sugar and salt in their packaged items in India

Experts say the standards for food and beverages vary across the world and India should have its own

Indian pharma firms seek govt tax reliefs, incentives to spur innovation

The upcoming budget would be Modi's first major policy announcement in his third term as prime minister

Telecom dept invites proposals on 'Quantum Standardisation, Testing Labs'

The goal is to drive research and development in quantum technologies, ensuring the interoperability, reliability, and security of quantum communication systems

73% Indians read ingredient lists, nutritional value of snacks: Report

Based on a survey of over 6,000 people across India, the Healthy Snacking Report 2024, released on Sunday, aims to examine the ever evolving consumption trends in India

Avg housing prices jumps nearly 50% in Delhi-NCR, Mumbai in 5 yrs: Anarock

Anarock's data shows that the average rate of residential properties in Delhi-NCR has risen by 49 per cent to Rs 6,800 per square foot in January-June 2024

Tripura min writes to Civil Aviation Minister for BCAS office in Agartala

The Tripura transport minister said MBB Airport in Agartala is the second busiest airport in the northeast after Guwahati's Lokpriya Gopinath Bordoloi International Airport

FMCG makers expect single-digit revenue growth, margin improvements in Q1

Home-grown FMCG maker Dabur expects to register mid to high single-digit growth in its consolidated revenue, supported by mid-single-digit volume growth in the domestic market

Coal import rises 5% to 52 MT in Apr-May; demand likely to fall in monsoon

India's coal import was 49.62 MT in April and May in FY24, according to data compiled by mjunction services ltd -- a B2B e-commerce platform from a joint venture between Tata Steel and SAIL

India to become global player in semiconductor industry: IT secretary

The government was helping industries to create the ecosystem to build the semiconductors, he said

FSSAI approves proposal for bolder nutritional information on food packets

The amendment aims to empower consumers to better understand the nutritional value of the product they are consuming and make healthier decisions

FMCG sector to see 7-9% revenue growth this fiscal: CRISIL Ratings

The expected revenue increase this financial year (2024-25) will be supported by higher volume growth on the back of a revival in rural and steady urban demand

Delhi HC says ICAI allowed to issue orders against Big Four affiliates

The court also said that the firms, along with the partners, are also liable to reply to the ICAI notices

Carbon Border Adjustment Mechanism aims for global decarbonisation: EU

Carbon Border Adjustment Mechanism (CBAM) is the European Union's planned tax on the carbon emitted while making goods imported from countries like India and China