Page 464 - Industry News

Krisumi to invest Rs 2,000 crore for 1,051 new luxury homes in Gurugram

The project will have a total developable or built-up area of 2.3 million square feet. It is expected to be completed in December 2029

Govt cancels 14 critical mineral block auctions launched in second tranche

India, in February, had launched the second part of its critical minerals auction worth an estimated $362 billion, listing 18 critical mineral blocks across eight states

DGTR for continuation of duty on some steel pipes from China, Vietnam

In its probe, the DGTR has concluded that in case of cessation of anti-subsidy duty, the domestic industry is likely to incur financial losses

Trade bodies ask Rajasthan govt to focus on ease of doing business

Suggestions were presented by the Hotel Association of Rajasthan to make the state a global tourism destination by 2047

New telecom law to come into effect from June 26: What are the changes?

The Telecommunications Act of 2023 was approved by both Houses during the Winter Session in December last year and received presidential assent in the same month

High installation cost barrier to adopting solar rooftop power: Report

The survey was conducted by Luminous Power Technologies, involving 4,318 respondents from 5 metros and 8 non-metro cities

Bharti Airtel in talks to buy 3% more stake in Indus Towers from Vodafone

If this sale is successful, Bharti Airtel will become the majority stakeholder in Indus Towers with a 52% shareholding

Birla Estates buys land in Pune, to build Rs 2,500 cr housing project

Birla Estates is a 100 per cent wholly-owned subsidiary of Century Textiles and Industries Ltd

CII says reducing dependence on China 'critical' for electronics industry

It recommended the government to come up with revised electronic components production-linked incentive schemes with higher incentives in the range of 35-40 per cent to reduce dependence on imports

Centre introduces new standards to enhance safety, performance of EVs

The two new standards, IS 18590: 2024 and IS 18606: 2024, brought by the Bureau of Indian Standards (BIS), focus on the critical components of EVs, particularly the powertrain and batteries

Future beyond software: How can India bring next wave of lucrative jobs?

Policymakers in New Delhi have their sight on China's factory-to-the-world crown. They are spending $24 billion over five years on production-linked incentives

Post-pandemic travel boom to sustain high airfares, says new AirAsia boss

The global aviation industry has been transformed as the post-pandemic reopening unleashed a wave of pent-up travel demand that's sent ticket prices surging faster than inflation

Adani draws Rs 9.26 cr salary in FY24, lower than his executives, peers

Adani, drew salary from only two out of the 10 companies in his ports-to-energy conglomerate

Job market blues for B-schools; institutes reach out to more recruiters

Institutes adapt curriculum to align with demand

ICAI, MCA secretary discuss road map to create big Indian companies

Earlier in May, Finance Minister Nirmala Sitharaman had said that the ICAI should take it as a challenge to set up an Indian big four firm and seek global clients

Electronic components demand to rise 5 times to $240 bn by 2030: CII

The CII report has recommended that the government craft a scheme aimed at providing fiscal support for select components and sub-assemblies in the range of 6-8 per cent for 6-8 years

Taxpayers can now amend sales return form GSTR-1 before GST payment

GST taxpayers will now have the option to amend outward supply or sales return form GSTR-1 before payment of taxes for a month or quarter.

'Commerce ministry in talks with South Korea to upgrade existing FTA'

India has sought greater market access for certain products such as steel, rice, and shrimp from South Korea with a view to boost exports of these goods, the official added

Home supply drops 13% in Apr-Jun due to fewer project launches: PropEquity

The new supply is 7 per cent lower from the January-March quarter of this calendar year

458 infra projects hit by cost overrun of Rs 5.71 trillion in May: MoSPI

However, the number of delayed projects decreased to 554, provided the delay is calculated on the basis of the latest schedule of completion