Page 471 - Industry News

Expect govt to allocate 6 GHz band spectrum for 5G network expansion: COAI

COAI, whose members include Reliance Jio, Bharti Airtel, Vodafone Idea and others, released its priority wishlist for the newly formed government at the Centre on Wednesday

Will extension of PMAY revive affordable housing in India? Experts weigh in

This comes when the affordable housing sector has been struggling due to higher demand for bigger, costlier homes in India

Govt steps help boost toy making, exports; more work needed: DPIIT secy

Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh also indicated that they are diligently pursuing the proposal of extending fiscal incentives

PLI scheme to draw Rs 3-4 trn investments over 4 yrs; boost pvt capex: ICRA

ICRA Executive Vice President and Chief Ratings Officer K Ravichandran said that private sector capex is expected to pick up in oil and gas, metals and mining, hospitals, healthcare and cement sectors

April-May steel imports hit five-year high on buoyant domestic demand

Steel demand has been buoyant in India, the world's second-biggest crude steel producer

India to clock highest growth in tech spending in 2024 in APAC: Report

Tech economy 'enjoys strong growth' due to digitisation push by central and state governments, it says

Govt to allow JVs with Chinese firms if Indian partner holds majority stake

The central government may relax its stance on Press Note 3 of 2020, which requires companies from countries sharing a land border with India to obtain government clearance before investing

$3.5 bn domestic online gaming industry seeks GST adjustment to help thrive

The Skill Online Games Institute (SOGI) argues that this high tax rate is stifling domestic companies and hindering the industry's potential for significant growth

Policyholders can cancel policy at any time by notifying insurer: Irdai

The Irdai said retail policyholders can cancel their insurance policy at any time during its term by notifying the insurer, and will receive a refund for the remaining period of the policy

Siam writes to govt, pushes for GST reduction on low-carbon two-wheelers

Siam adds in the letter that India should reduce the GST across all two-wheelers from 28 per cent to 18 per cent, a long-standing demand from the industry

BPCL divestment completely off the table, says Hardeep Singh Puri

Says OMCs can consider pump price cut if global prices stay at $75-80 per barrel

Implementing 100-day agenda a priority: Consumer Affairs minister Joshi

Talking about the National Food Security Act, he said that a system has already been set in place, adding that he will work towards strengthening it

Weather changes drove Indian pharma market growth to 5.2% in May

Anti-infectives, respiratory therapy areas clock double-digit value growth

Utility vehicles log 50% higher exports in May over low base: Siam

The export growth has been led by companies like Hyundai Motor India Ltd (HMIL), Honda Cars India, and Volkswagen India, the data showed.

DPIIT, Flipkart, toy makers to meet on Jun 12 on ways to increase sourcing

"This shall help in upskilling/reskilling the domestic workforce to produce innovative and high-quality toys," the official added

IT ministry to meet industry over draft digital competition law on Jun 13

Senior officials of the Ministry of Corporate Affairs and Competition Commission of India (CCI) are likely to attend the meeting

Steel demand expected to grow in range of 9-12% in FY25: Ind-Ra report

The demand will be supported by steady growth in the end-user industries such as automobile and infrastructure sectors, the rating agency said in a report on Tuesday

Electric vehicle owners can soon sell surplus battery power back to grids

The vehicle-to-grid (V2G) technology, similar to rooftop solar schemes, allows EV owners to sell the electricity stored in their vehicles to the grid

Trade and industry bodies in Rajasthan call for creating solar energy hub

Rajasthan ranks as one of the leading states in the country for solar energy production

Exports from special economic zones up 4% to $163.69 bn in 2023-24

According to the data of the commerce ministry, exports from these zones stood at $157.24 billion in 2022-23 and $133 billion in 2021-22