Page 463 - Industry News

SMEs divided over impact of new 45-days payment rule. Is it a boon or bane?

The new 45-day payment rule for SMEs, effective April 2024, aims to ease working capital issues. While some SMEs welcome it, others fear adverse impacts on their businesses

Power outages persist in North India amid rising demand and heatwaves

Trouble could be mounting in the intra-state systems affecting power supply as states are still unwilling to bid out the lines at prices that would attract investors to upgrade capacities

India's FMCG sector to have sustained growth rate of 7-9% in 2024: Report

The FMCG sector's resilience and adaptability, coupled with robust government support and digital transformation initiatives, position it favourably to navigate through uncertainties & emerge stronger

Telcos eye four spectrum bands as auction enters round 4 on Day 1

Spectrum auction for over 10,500 Mhz mobile services worth over Rs 96,238 crore started at 10 am, an official statement said

Special course to help independent directors read financial statements

Training by the Indian Institute of Corporate Affairs is expected to help improve compliance

More people want to switch jobs now than in 'Great Resignation': PwC survey

According to the consultancy's '2024 Hopes and Fears' survey, 28 per cent of workers said they are 'extremely or very likely' to change their employers

Rs 96,000 crore telecom 5G spectrum auction to start today: Check details

Reliance Jio, Bharti Airtel, and Vodafone Idea are likely to jointly invest Rs 12,500 crore in spectrum purchases, representing around 13% of the total Rs 96,320 crore worth of airwaves on offer

Adani, Hindalco show interest in Hindustan Copper's Jharkhand mines

The interest from Adani Enterprises and Hindalco Industries, two of India's leading industrial conglomerates, highlights the potential and attractiveness of these mines

ONDC likely to start levying small user charges on each transaction

The charges may have to be paid by either the seller, or the buyer, or both

Noida airport faces delay, to start commercial flights by April 2025

The airport was expected to start commercial flights in December this year

Telecom dept to begin auctions for Rs 96,318 crore spectrum on Tuesday

With lower EMD and more focus on renewals, auctions may be muted

Mining majors give a miss to country's maiden critical minerals auction

This is not the first time the Centre has cancelled an auction due to limited interest from bidders; in the first tranche, the ministry had to cancel 14 of the 20 blocks put up for auctioning

Submit monthly data on spam complaints, Trai tells telecom companies

"Essential details for the registration of complaints should be automatically populated if users grant permission to access their call logs and other relevant data," the regulator said

Ukraine-Russia price war: India buys record amount of sunoil as rates fall

A leading buyer who declined to be named said sunoil was trading at a discount to soyoil and even palm oil, which was tempting Indian buyers especially given robust demand in southern states

'Cultural integration, regulatory compliance top challenges for new GCCs'

The study revealed distinct preferences in entry strategies, with 46 per cent of respondents opting for joint ventures

Govt to auction 21 critical mineral blocks across more than six states

India has been auctioning critical mineral blocks since November as part of efforts towards a clean energy transition

MoD approves survey to expand Pune airport's runway to boost int'l ops

The Pune airport is a defence airport wherein commercial aircraft operations are allowed at certain periods of time under the management of the AAI

Despite progress, MSMEs still face credit shortages: DG Swaminathan

Swaminathan said that SLBCs should conduct detailed analyses to identify the root causes of stagnant credit growth in certain jurisdictions

Sugar summit: India to host Global ISO Council meet from June 25-27

As the world's largest consumer and second-largest producer of sugar, India has been nominated to chair the ISO for 2024, an official statement said

Industry body seeks PLI expansion, cut in GST on batteries, charging infra

Ahead of the India Energy Storage Week 2024 in New Delhi from July 1-5, 2024, the IESA also suggested expansion of production-linked incentive schemes for battery components