Page 459 - Industry News
Office transactions hit record highs in H1 2024: Knight Frank India
The office market saw 25.1 million square feet completed in H1 2024
 "Office transactions hit record highs in H1 2024: Knight Frank India")
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
 "Cargo traffic across 12 major Indian ports surges 6.8 % to 69.8 MT in June")
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
 "Govt to extend easy visa rules to all PLI sector companies: DPIIT secretary")
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
 "45-day SME payment rule aims to ease working capital issues, faces hiccups")
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
 "FMCG sector may see 7-9% revenue growth in FY25 on rural recovery: CRISIL")
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
 "Creativity that breaks clutter drives sales, brand equity: Kantar report")
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"
 "Rajasthan tourism industry optimistic about state's civil aviation policy")
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
 "Coal sector records 10.2% growth rate among eight key infra sectors in May")
Cement sector sees muted growth of 2-3% in Q1FY25 due to LS polls: ICRA
The overall volumes for the FY2024-25 are likely to expand by 7-8 per cent driven by a healthy demand from the infrastructure and housing sectors
 "Cement sector sees muted growth of 2-3% in Q1FY25 due to LS polls: ICRA")
LNG imports set to slump as monsoon hits power demand: S&P analyst
The South Asian nation bought some 2.6 million tons of the fuel last month, its highest since October 2020, according to Kpler data
 "LNG imports set to slump as monsoon hits power demand: S&P analyst")
Social media platforms worry new data law could affect child safety, ads
Tech giants Google, Meta, YouTube, and Snap are concerned over India's new Digital Personal Data Protection Act's restrictions on behavioural tracking of children as they may compromise child safety
 "Social media platforms worry new data law could affect child safety, ads")
'Bright future for air cargo sector, needs faster turnaround time'
While passenger traffic has recovered after being hit by the coronavirus pandemic, air cargo is yet to fully recover to the pre-Covid levels
 "'Bright future for air cargo sector, needs faster turnaround time'")
Companies resort to 'office peacocking' to retain, lure employees: Report
The 'Office Peacocking' concept gained significant traction in India post-Covid, as companies sought to entice employees back to the office following the remote work shift induced by the pandemic
 "Companies resort to 'office peacocking' to retain, lure employees: Report")
Office transactions hit record high at 34.7 mn sq. ft. in H1 2024: Report
Residential sales hit 11-year high in H1 2024 with 1,73,241 units sold and sales growing 11 per cent, says Knight Frank India
A sunny farm to factory worker story at Tata Hitachi plant in Bengal
About 60 per cent of the workforce are land givers, with one member from each displaced family employed
 "A sunny farm to factory worker story at Tata Hitachi plant in Bengal")
Chinese smartphone giants seek Indian partnerships amid govt push
Vivo, Oppo, and Xiaomi are in discussions to collaborate with Indian companies for manufacturing and distributing their products in India, however, major conglomerates seem hesitant
 "Chinese smartphone giants seek Indian partnerships amid govt push")
Housing sales up 11% in Jan-Jun to hit 10-yr peak in 8 cities: Knight Frank
On an annual basis, housing sales rose 11 per cent to 1,73,241 units while leasing of office space grew 33 per cent to 34.7 million square feet during January-June this year across eight major cities
 "Housing sales up 11% in Jan-Jun to hit 10-yr peak in 8 cities: Knight Frank")
India's solar output grows at slowest pace in 6 yrs in first half of 2024
The share of the fossil fuel in power output rose to 77.1% in the first half of 2024
 "India's solar output grows at slowest pace in 6 yrs in first half of 2024")
Cloud resources biggest targets for cyberattacks in India, shows study
The study was based on a global survey of 2,961 respondents, aimed at professionals in security and IT management, it said
 "Cloud resources biggest targets for cyberattacks in India, shows study")
Lufthansa gets EU nod for $350 million stake in Italy's ITA Airways
ITA also offers key long-haul routes to Lufthansa, which has an option to take full ownership if the Italian airline's financial performance improves
 "Lufthansa gets EU nod for $350 million stake in Italy's ITA Airways")