Page 454 - Industry News

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

Auto retail sales up marginally in June amid heatwaves: Dealer association

Inventory levels in passenger vehicles reach record high, ranging from 62 to 67 days

Co-working spaces invest in green buildings to fetch higher rentals

Bengaluru-based Urban Vault reported a 41 per cent increase in rentals for ESG-certified properties during the third and fourth quarters of FY24

Over 100 industry reps attend meet before 10th round of coal mine auction

The government has put on sale 67 coal blocks in the 10th round of auction that was launched last month

Dabur sees sequential improvement in consumer demand, rural growth in Q1

"In India business, HPC (home and personal care) & Healthcare segment is expected to grow in high-single digits," it said

In new zone: Gaming zones evolve into high-tech family entertainment spaces

Gaming is one of the fastest-growing segments of the Indian media and entertainment sector

Investment scams skyrocket on WhatsApp and Facebook, says CloudSEK

A scammer who has been in the business for over six years, with operators, was making around 41 lakhs a month

FMCG manufacturers say Q1 sales growth picks up as demand improves

Volume trends from key consumer goods companies, which sell everything from hair and cooking oils to oats, are seen as an important indicator of consumption patterns in the country

Jewellery industry key to Raj's economy, working to raise ease of biz: CM

CM Sharma said that the share of gems and jewellery in the total exports from the state reached Rs 11,183 crore in 2023-24

MNRE issues incentive guidelines for green hydrogen producers under SIGHT

The guidelines for implementation of Tranche-II under Strategic Interventions for Green Hydrogen Transition (SIGHT) programme were notified by the ministry on July 3, 2024

Only 7% of MSME credit to women; low female labour force limits growth: RBI

RBI executive director Nigam said there also need to up credit supply to women, pointing out that only 7 per cent of overall outstanding loans to micro, small and medium enterprises to women-led biz

Govt, industry to discuss ways to promote growth of toy sector on July 8

The meeting is organised by Invest India, an arm of the Department for Promotion of Industry and Internal Trade (DPIIT), in collaboration with the Toy Association of India

Govt infra push steers steel demand to 221-275 mn tonnes by FY34: Report

The report said Maharashtra, Uttar Pradesh, Gujarat, Karnataka and Tamil Nadu have established themselves as leaders in steel consumption, leading to 41 per cent of the total consumption in FY23

RBI launches quarterly survey on order books of manufacturing sector

The RBI has been conducting the order books, inventories and capacity utilisation survey (OBICUS) of the manufacturing sector on a quarterly basis since 2008

Investments in Indian real estate rise to record $4.8 bn in H1 2024: Report

Investment volumes in the first six months reach 81% of made in 2023, says JLL