Page 456 - Industry News

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

Is govt's new EV policy seeing a muted response from car companies?

The Ministry of Heavy Industries, responsible for automotive industry matters, has conducted one round of consultations with carmakers but has not yet secured significant commitments

Indian oil giants, Brazil's Petrobras in talks for long-term crude supply

Indian Oil, Hindustan Petroleum, and Bharat Petroleum are negotiating with Brazilian energy major Petrobras to secure long-term crude oil supply contracts to diversify its energy sources

80% developers expect increase in housing demand from NRIs in 2024: Report

Overall housing demand in country to increase by up to 25%, it says

Housing sales up 11% in FY24 in top 30 Tier-II cities: PropEquity

Rise in housing demand is not restricted to major cities as sales of residential properties rose 11 per cent last fiscal across 30 Tier II towns to nearly 208,000 units, according to PropEquity

Train travel woes to ease: Railways to add 10k non-AC coaches in two years

In FY25, 4,485 coaches will be produced, including 2,605 general coaches, 1,470 non-AC sleeper coaches, 323 SLR coaches, 32 high-capacity parcel vans, and 55 pantry cars, featuring Amrit Bharat models

PESO to draft safety norms for petrol pumps near habitation, says Goyal

Commerce and industry minister also announced 80 per cent concession for women entrepreneurs and 50 per cent for MSMEs in licensing fees for licences granted by PESO

DPIIT close to finalising model to launch Producer Price Index in India

Producer price index may eventually replace WPI

Dr Reddy's, Sun Pharma recall drugs in US due to production issues: USFDA

New Jersey-based Dr Reddy's Laboratories, Inc., a unit of Hyderabad-based drug major, is recalling 13,752 bottles of Eszopiclone tablets

Office transactions hit record highs in H1 2024: Knight Frank India

The office market saw 25.1 million square feet completed in H1 2024

Cargo traffic across 12 major Indian ports surges 6.8 % to 69.8 MT in June

Jawaharlal Nehru Port in Maharashtra recorded the highest growth in cargo handling at 15.12 per cent during the reporting month, followed by Cochin Port

Govt to extend easy visa rules to all PLI sector companies: DPIIT secretary

The PLI scheme covers 14 sectors, including mobile phones, drones, white goods, telecommunications, textiles, automobiles, specialty steel, and pharmaceutical drugs, among others

45-day SME payment rule aims to ease working capital issues, faces hiccups

For SMEs, which play a significant role in job creation and exports, this is a welcome move. However, the going has not been smooth

FMCG sector may see 7-9% revenue growth in FY25 on rural recovery: CRISIL

CRISIL Ratings Associate Director Rabindra Verma said revenue growth will vary across product segments and firms

Creativity that breaks clutter drives sales, brand equity: Kantar report

Talking about trends that emerged during testing of over 1,400 Indian ads for the 4th edition of Kantar's Creative Effectiveness Awards, Mohanty said that hyper-regionalisation is now gaining steam

Rajasthan tourism industry optimistic about state's civil aviation policy

Tourism expert Mohan Singh Mertiya says the projects listed under the policy will improve aviation in the state, "which will be a big support to the tourism industry"

Coal sector records 10.2% growth rate among eight key infra sectors in May

The driving force behind growth can be attributed to a considerable rise in coal production during May. This increase in production underscores the sector's capacity to meet growing demand of energy