Page 469 - Industry News
Shoplifting, employee theft: Indian retail firms see rise in shrinkage
Retailers noted that shrinkage is most pronounced in apparel, footwear, and fashion categories, with the next highest rates observed in gadgets such as mobile phones, smartwatches, and headphones
 "Shoplifting, employee theft: Indian retail firms see rise in shrinkage")
Telcos dial into caller ID service trials to combat rising spam calls
Telecom operators are assessing the feasibility of CNAP, where both number and caller name will be displayed during incoming calls
 "Telcos dial into caller ID service trials to combat rising spam calls")
Delhivery, Xpressbees venture into quick-commerce to meet soaring demand
Gurgaon-based Delhivery has started overseeing larger warehouses for Swiggy Instamart while Xpressbees is discussing partnerships with key players in the industry
 "Delhivery, Xpressbees venture into quick-commerce to meet soaring demand")
Windfall tax on petroleum crude cut to Rs 3,250 per MT from Rs 5,200
The tax, which is revised every fortnight, remained unchanged at zero for diesel and aviation turbine fuel
 "Windfall tax on petroleum crude cut to Rs 3,250 per MT from Rs 5,200")
Top IT services companies likely to focus on tiered hiring strategy
Freshers selected through this plan get better pay
 "Top IT services companies likely to focus on tiered hiring strategy")
Customers won't be charged for holding multiple SIMs, says Trai
The plan aims to assess all factors affecting the allocation and utilisation of TI resources and proposes potential modifications to enhance the allocation policies and utilisation procedures
 "Customers won't be charged for holding multiple SIMs, says Trai")
Air conditioner manufacturers raise capacity to cater to demand surge
The investment will help the co to increase production capacity to 15 lakh units per annum at both plants. It currently produces 9 lakh units at its Ghiloth plant and 11.2 lakh units at Sricity plant
 "Air conditioner manufacturers raise capacity to cater to demand surge")
Gems, jewellery exports decline 5% to Rs 20,713 crore in May: GJEPC
Exports of silver jewellery also surged to Rs 1,103.72 crore last month from Rs 665.13 crore in May 2023
 "Gems, jewellery exports decline 5% to Rs 20,713 crore in May: GJEPC")
Domestic air passenger traffic rises 4.4% to 1.37 cr in May: DGCA
The Indian scheduled air operators flew 1.32 crore passengers on domestic routes in May last year
 "Domestic air passenger traffic rises 4.4% to 1.37 cr in May: DGCA")
Govt asks builders to provide rain harvesting, solar in housing societies
NAREDCO Vice Chairman Rajan Bandelkar also appreciated the emphasis of the new government to construct an additional 3 crore housing units in the affordable housing sector.
 "Govt asks builders to provide rain harvesting, solar in housing societies")
Russia boosts crude oil revenues as shipping, trading network grows
India has no sanctions against Moscow and became the biggest buyer of Russian seaborne crude ahead of China and Turkey after European refiners stopped imports
 "Russia boosts crude oil revenues as shipping, trading network grows")
DIAL sets up biometric registration kiosks for immigration processing
These kiosks will cut time taken by immigration agent/officer by 50 per cent
 "DIAL sets up biometric registration kiosks for immigration processing")
Indian techie jailed in Singapore for hacking ex-employer's server
Kandula Nagaraju, a former employee of NCS, was found guilty of executing a cyber-attack on the company's quality assurance system after being fired
 "Indian techie jailed in Singapore for hacking ex-employer's server")
Global airlines bet big on India, expect it to be hottest travel market
The domestic air travel market in India is expected to double to 300 million passengers from a record 152 million in 2023, according to government data
 "Global airlines bet big on India, expect it to be hottest travel market")
Amid high demand, real estate developers ramp up uber-luxury projects
Sales of opulent homes in India skyrocketed by 75 per cent last year
 "Amid high demand, real estate developers ramp up uber-luxury projects")
Cars could get costlier as automobile emission norms set to tighten
Under the third phase of the corporate average fuel efficiency standards, automakers must reduce carbon emissions by one-third in three years
 "Cars could get costlier as automobile emission norms set to tighten")
Gurgaon realtors increase commission twofold to expedite sales of inventory
On an average, real estate brokers nationwide receive a commission ranging from 2-4%, with those in the National Capital Region (NCR) often nearing the higher end of this spectrum
 "Gurgaon realtors increase commission twofold to expedite sales of inventory")
Withhold ads without self-declaration certificate from June 18-July 9: ASCI
The ASCI asked advertisers to avoid releasing advertisements without a self-declaration certificate (SDC) between June 18 and July 9 until the SC provides clarity on mandate
 "Withhold ads without self-declaration certificate from June 18-July 9: ASCI")
FAME-III likely to be released on Budget day with Rs 10,000 crore outlay
The FAME scheme was initially launched in 2015 with a budget of Rs 5,172 crore, and FAME-II was introduced in 2019 with Rs 10,000 crore in budgetary support, ending March 31, 2024
 "FAME-III likely to be released on Budget day with Rs 10,000 crore outlay")
Awaiting regulatory clarity: GIFT City-bound family offices on hold
Family offices, including those of Azim Premji and NRN Murthy, have filed application for registration in Gift city
 "Awaiting regulatory clarity: GIFT City-bound family offices on hold")