Page 468 - Industry News

Cabinet clears Rs 76,200 cr for development of Maha's greenfield major port

The project will create employment opportunities for 12 lakh people, I&B Minister Ashwini Vaishnaw said in a press briefing

9 Indian ports among top 100 in Container Port Performance Index 2023

While Visakhapatnam Port made it to the top 20 ports of the World at 19 in 2023, Mundra Port also climbed up the index at 27 in the current ranking

Telecom subscriber base crosses 1.2 billion mark in April; Jio tops chart

According to Trai's monthly subscriber report, the total telecom subscriber base increased by 0.16 per cent to 1,201.22 million at the end of April from 1,199.28 million in March 2024

Parlous state of Indian refining segment threatens clean energy projects

Govt-run refiners may not be able to aggressively invest in clean energy projects as they stare at a rough road amid dwindling margins, volatile crude prices, shrinking discounts on Russian oil buys

Already domestic hub, expecting to become global hub in 15 yrs: BIAL COO

He said it is not right to compare Indian airports to the airports in city-states (such as Singapore) as they are only carrying international traffic

Airports, airlines should have at least 25% women at various levels: DGCA

The DGCA said that the airports and airlines should periodically review the existing HR policies to remove any gender biases and to promote a positive work environment for women

Nepal's drug regulator bans sale of Indian antibiotic over quality issues

Zydus Lifesciences said the reports were 'misleading and erroneous'

Domestic drugs formulations market to be worth Rs 5.5 trn by 2034: Report

'Significant under-penetration' in domestic market, especially in smaller towns and rural areas

Minister Reddy to launch 10th round of commercial coal auctions on Jun 21

The move will enhance domestic coal production and ensure energy security for the nation

Govt clears Rs 7,453 crore VGF scheme for offshore wind energy projects

The VGF support from the government will reduce the cost of power from offshore wind projects and make them viable for purchase by Discoms, Minister Vaishnaw said

CIL awards underground mines to private players to bolster revenue stream

Contract given on revenue-share model; idea is to unlock more coal production and industry participation

'EU laws on sustainable products to hurt exports from developing nations'

According to the European Commission, the new regulation aims to enhance the circularity, energy performance, and other environmental sustainability aspects of EU products

Vodafone sells 18% stake in Indus Towers for Rs 15,300 cr; to pay bank dues

The company will use the major portion of the proceeds to pay 1.8 billion euro outstanding bank borrowings secured against Vodafone's assets in India

Over 50% gaming cos saw revenue stagnate or dip after 28% GST norm: Report

The impact of the new GST norm was also seen in the employment in these companies. According to the report, as many as 10 of these companies faced "significant headwinds" on job creation

'Hospitality industry faces talent crunch, to add 1 mn jobs in few years'

According to industry leaders, the overall hiring has more than quadrupled post-Covid with entry-level positions emerging as the most sought-after in the past two years

India set to register biggest jump in coal-fired power in a decade

The world's most populous nation expects to add 15.4 gigawatts in the year through March 2025, the most in nine years

Most of top-level executives have positive GST perception: Survey

Reflecting growing confidence in GST, the survey found that about 84 per cent of respondents reported a positive perception of GST in 2024, up from 72 per cent in 2023 and 59 per cent in 2022

IT firms grapple with new anti-dumping duty on PCBS under PLI scheme

Mobile phone manufacturers are exempt from this duty, whereas more complex PCB designs are also spared

DGFT proposes review in export obligation period for certain sectors

The government has sought comments of all the concerned stakeholders on the proposed amendments within 15 days

Former PTC India CMD Rajib Mishra to move SAT against Sebi's order

Talking to PTI, Mishra said, "Sebi's order is appealable, and in the merit of the order, I will go to SAT for further action and to safeguard my rights"