Page 460 - Industry News

Sky high: Premium airfares increase much faster than economy class

Premium economy fares have skyrocketed by up to 128.6 percent on major domestic routes such as Delhi-Mumbai and Mumbai-Bengaluru since 2019

Budget wish list: Component PLI top demand of electronics companies

Manufacturers aim at attracting global value chains, scaling up production

Home-grown cryptocurrency companies call for multi-agency regulation

Industry warns of complex, time-consuming legislation through a single regulator before 2025

Results preview: IT companies may see green shoots in June quarter

But, Q1FY25 could rank among the weakest in the past decade

Railways witnesses 10% increase in freight loading in June, shows data

Freight volumes for the national transporter, Indian Railways, had contracted year-on-year for the first time since the coronavirus outbreak in June 2023

India's coal production increases 14% to 84.63 million tonne in June

In June Coal India Ltd's (CIL) production was at 63.10 MT, registering a rise of 8.87 per cent compared to the same period last year, the coal ministry said in a statement

K-shaped recovery keeping retail real estate on its toes, say experts

Consumption by a wider section of society needed, they say

Indian fast fashion industry poised to reach over $50 bn by FY31: Redseer

In FY24 alone, the fast fashion sector saw a remarkable growth rate of 30-40%

RBI proposes to change regulations on export, import transactions

The central bank has issued 'Regulation of Foreign Trade under Foreign Exchange Management Act (FEMA), 1999 Draft Regulations and Directions' in this regard

India discusses critical mineral blocks with Africa, S America: Official

In January, KABIL signed a $24 million lithium exploration pact for five blocks in Argentina

India's power demand may cross 400 GW mark by 2031-32: Power Secretary

The government projection for this year's peak power demand was 260 GW

Punjab limits retailers to 1,000 cases of IMFL monthly, manufacturers panic

Punjab's Indian Made Foreign Liquor market typically moves around one million cases, retailers can now only purchase 1,000 cases per month

TCS announces title partnership of Sydney Marathon, Australia's largest

Indian IT company sponsors 14 global running events that are attended by 600,000 runners

White-collar hiring remains muted in June; AI, FMCG show strong growth

The overall Naukri.com hiring index was dragged down by the decline in jobs in Global Capability Centers (GCCs) with a 7 per cent year-on-year decline, BPO by 9 per cent, and Education by 9 per cent

Govt raises windfall tax on petroleum crude to Rs 6,000 per metric tonne

On June 15, government had cut the windfall tax on petroleum crude to Rs 3,250 ($38.90) per metric tonne from Rs 5,200, according to a official notification

After historic high, UPI transactions see marginal dip in June to 13.89 bn

IMPS down by 7%, FASTag 4%; but Aadhaar Enabled Payment System (AePS) see a 11% jump in volume & 7% in value

From Jan lows Russian oil rebounds to 45.4% of Indian crude imports in June

Russian volumes have surged amid shrinking discounts for the grades. Discounts averaged $10 per barrel on a delivered basis off Brent crude in mid-2023 compared to over $4 per barrel now

Data stickiness likely to see users absorb mobile tariff hike: Analysts

Industry ARPU may rise 15% to Rs 220 in FY25

Adequate coal stock available, can meet 18.5 days' thermal power need: Govt

The coal stocks at domestic TPPs as on Saturday stood at 44.46 million tonnes (MT), which is sufficient to meet the requirements of 18.5 days as per present level of consumption

UK election: FTA with India on manifesto agenda for both Tory, Labour

We will finalise FTA with India, alongside a deeper strategic partnership on technology and defence, reads the Conservative Party manifesto, spelling out the British Indian leader's vision