Page 470 - Industry News

No reduction in consumer market frauds despite regulatory changes: KPMG

About 72 per cent of the respondents cited reputational damage as the most severe impact of fraud, whereas 16 per cent believed that financial losses would also impact organisations

Haryana's new excise policy spurs 20% hike in liquor prices in Gurugram

Haryana government has successfully auctioned 162 excise zones in Gurugram, garnering Rs 1,756 crore

Indian ship recyclers' revenue likely to rise 15% this fiscal: CRISIL

According to the rating agency, the increased availability of ageing vessels will bring down input cost for ship recyclers

India's consumer market represents long-term opportunity: N Chandrasekaran

Chandrasekaran said the India economy has been growing "very strongly" and the current momentum continues to be high

Market share of top 5 cement makers to rise to 55% by Mar 2025: ICRA

According to data from the Cement Manufacturers Association, the country has installed a cement capacity of 541 Metric Tonnes (MT)

India targets higher domestic coal production, reduced imports: Govt

India, which is under pressure from rich economies to stop or reduce coal use, has plans to set up new coal power plants with power generation set to begin four years later

Will you be charged for your phone number? Here is what Trai has said

The telecom regulator is also considering penalties for operators that hold on to underutilised number resources

Foreign airlines, realty firms flock to India: 59 new registrations in FY24

Education, IT and consulting, electronics among sectors attracting overseas entities

India will need to build 100 mn homes this decade amid rising incomes

In 2023 about 600,000 primary homes were built in India and even a fast pace of growth in the construction sector would struggle to meet the demand for 100 million homes

Pharma's eco pill: Sustainable packaging as new prescription for planet

Merck also revealed that they are investing in renewable energy sources, and half of their Mumbai facility's energy is now sourced from solar panels

Global crude oil supply to outpace demand by 2030 as glut looms: IEA

Demand growth to be driven by India, China

European people coming more via India than West Asia: SriLankan Airlines

SriLankan Airlines is currently operating about 80 flights per week between Colombo and 11 cities in India

I&B ministry holds meet to talk revenue sharing by Big Tech firms

The government has been approached by the digital news publishers regarding abuse of dominant position by big tech players in ad-revenue share agreements

Govt needs to adopt granular approach to support biz: PwC Chairman Krishan

"Prioritising job creation and productivity improvement is crucial for the new government to ensure inclusive growth," he said

Investment of $190-215 bn needed for India's 500 GW RE capacity: Moody's

India's infrastructure companies will be spending on energy transition to meet demand resulting from the country's relatively strong economic growth

Gujarat makes draft rules for gaming zones, seeks public suggestions

The draft rules were uploaded on the state home department's website so that people can submit suggestions or objections, Rishikesh Patel told reporters in Gandhinagar

Telecom cos reiterate demands over fair share charge, 6 GHz spectrum

COAI said OTTs not paying any charge for data, cost the government Rs 10,000 crore in taxes

Karnataka govt further extends exemption to knowledge based industries

According to a note by EY India, the earlier exemption given in May 2019 has come to an end on May 24 this year

Harsh Pati Singhania elected 1st vice-chair of world business organisation

Harsh Pati Singhania of JK Paper Ltd. has been named First Vice-Chair of the International Chamber of Commerce, representing over 45 million businesses globally

Industrial output grows 5% in April on good show by mining, power sectors

Factory output growth, measured in terms of the Index of Industrial Production (IIP), was 5.4 per cent in March and 5.6 per cent in February 2024