Page 472 - Industry News
Ficci appoints Jyoti Vij as new director general with immediate effect
In another development, Shailesh Pathak, secretary general, Ficci has resigned citing personal reasons
 "Ficci appoints Jyoti Vij as new director general with immediate effect")
Micro loans grow 27% in March quarter, stress levels inch up: Report
However, the proportion of loan assets overdue for the duration between 31 days and 180 days grew to 2.1 per cent in March from the 2 per cent level in December 2023, the report said
 "Micro loans grow 27% in March quarter, stress levels inch up: Report")
Adani Defence & Aerospace, UAE's EDGE sign defence cooperation agreement
The agreement aims to combine the two companies' product portfolios to meet the needs of both global and local customers
 "Adani Defence & Aerospace, UAE's EDGE sign defence cooperation agreement")
India reports sixth strongest hiring outlook globally in Sept qtr: Survey
In the Asia Pacific region, the country has the strongest outlook. India (30 per cent) and China (28 per cent) continue to report the strongest outlook in the region
 "India reports sixth strongest hiring outlook globally in Sept qtr: Survey")
Vaishnaw takes charge of IT ministry, to focus on tech, manufacturing
Vaishnaw retained his electronics and IT portfolio in Modi 3.0 government
 "Vaishnaw takes charge of IT ministry, to focus on tech, manufacturing")
India's chip industry to face shortage of 300,000 professionals by 2027
A report by TeamLease Degree Apprenticeship showed the semiconductor industry is expected to face a shortage of 250,000-300,000 professionals by 2027 in verticals such as design, and manufacturing
 "India's chip industry to face shortage of 300,000 professionals by 2027")
Moving beyond coding, Hyderabad to focus on innovation: T'gana IT minister
The senior minister is currently on a trip to the US to engage with industry leaders and attract investments from the United States
 "Moving beyond coding, Hyderabad to focus on innovation: T'gana IT minister")
Indians get hooked on 10-minute grocery apps, squeezing small retailers
Swiggy warehouses are mushrooming across India to deliver everything from milk and bananas to condoms and roses within minutes - a business model that is reshaping how Indians shop
 "Indians get hooked on 10-minute grocery apps, squeezing small retailers")
Equity mutual funds surge to historic Rs 34,697 crore inflows in May
Jump in inflows underpinned by rise in SIP collection, HDFC MF NFO
 "Equity mutual funds surge to historic Rs 34,697 crore inflows in May")
Info overload, over-advertising causing frequent basket abandonment: Study
85% respondents say personal data protection is important when using conversational AI tools
 "Info overload, over-advertising causing frequent basket abandonment: Study")
Ambient heat rises as cooling equipment becomes a necessity, warn experts
India has a star ratings and is a signatory to the Kigali Amendment. But the spike in use of cooling equipment will inevitably cause more warming
 "Ambient heat rises as cooling equipment becomes a necessity, warn experts")
UP govt steps up land acquisition for Amritsar-Kolkata Industrial Corridor
AKIC is aimed at ushering in expansion of infrastructure and industry in the seven states falling along its route for catalysing industrial growth and job creation
 "UP govt steps up land acquisition for Amritsar-Kolkata Industrial Corridor")
ARCs to see 500-700 bps higher recoveries from residential realty: CRISIL
Healthy economic growth and buoyant residential demand across housing segments in the top six cities will lead to 10-12 per cent growth in residential realty demand this financial year
 "ARCs to see 500-700 bps higher recoveries from residential realty: CRISIL")
Ultra-luxury housing in India sees shift to ultra-customised marketing
Prestige Group, a leading real estate developer, is targeting ultra-luxury buyers using the "by appointment" method
 "Ultra-luxury housing in India sees shift to ultra-customised marketing")
Southeast Asia emerges as top choice for Indian tourists, finds Oyo report
Southeast Asia has emerged as the top choice of Indian tourists for shorter stays of 5-7 days, making the most of long weekends and holidays after visa relaxation
 "Southeast Asia emerges as top choice for Indian tourists, finds Oyo report")
Ather Energy promoters Tarun Mehta, Swapnil Jain set to drive stake 6-7% up
Fresh equity infusions before the company takes the IPO route
 "Ather Energy promoters Tarun Mehta, Swapnil Jain set to drive stake 6-7% up")
High property prices to boost debt recovery from realty projects: Report
The bad loan recovery rate is estimated to touch 16-18 per cent at the end of FY25 from 11 per cent as on March 31, 2024, domestic rating agency Crisil said in a report
 "High property prices to boost debt recovery from realty projects: Report")
Traders demand resumption of border trade with China through Lipulekh pass
The trade route was closed rather suddenly after the outbreak of the Covid-19 pandemic in 2019, forcing Indian traders to return from the Taklakot mart in Tibet leaving behind their woollen products
 "Traders demand resumption of border trade with China through Lipulekh pass")
Modi 3.0: Telcos seek roadmap for India's global digital dominance
Digital Infrastructure Providers Association (DIPA) said the industry is eager to collaborate with the government and contribute its expertise to drive the country's digital transformation further
 "Modi 3.0: Telcos seek roadmap for India's global digital dominance")
India Inc calls for bolder, progressive reforms as PM Modi begins 3rd term
Business leaders are also holding high hopes from the upcoming Union budget
 "India Inc calls for bolder, progressive reforms as PM Modi begins 3rd term")