Page 476 - Industry News
Japan auto safety test scandal widens, Toyota halts some shipments
The ministry ordered Toyota, Mazda and Yamaha to suspend shipments of some vehicles. It said it will conduct an on-site inspection at Toyota's central Aichi prefecture headquarters on Tuesday
 "Japan auto safety test scandal widens, Toyota halts some shipments")
Govt asks advertisers to submit self-declaration certificate from June 18
The Supreme Court directive is a step towards ensuring transparency, consumer protection, and responsible advertising practices, a statement by the Information and Broadcasting Ministry said
 "Govt asks advertisers to submit self-declaration certificate from June 18")
Cargo traffic across major ports rises over 3% to 72.04 mn tonnes in May
IPA attributed the fall in cargo handling traffic at KDS to reduction in coking and other coal by -71.75 per cent and finished fertilizers by 43.53 per cent, among others
 "Cargo traffic across major ports rises over 3% to 72.04 mn tonnes in May")
Coal production in India rises 10% to 83.91 mn tonnes in May: Govt data
Coal production by state-owned CIL rose by 7.46 per cent to 64.40 MT in May compared to 59.93 MT in the year-ago period, according to the Coal Ministry's provisional data
 "Coal production in India rises 10% to 83.91 mn tonnes in May: Govt data")
Top Indian private hospital chains announce major expansion in FY25
Average revenue per bed on the rise amid greater health-care demand
 "Top Indian private hospital chains announce major expansion in FY25")
Tech layoffs 2024: Over 9,500 employees lose job across 39 companies in May
Global tech layoffs 2024: As many as 89,333 employees have been laid off across 306 tech companies in 2024 so far
 "Tech layoffs 2024: Over 9,500 employees lose job across 39 companies in May")
Embassy REIT secures Rs 1,200 cr debt to acquire business park in Chennai
The business park has 1.4 million square feet of completed buildings, besides under-construction area of 1.6 million square feet and 2 million square feet of future development potential
 "Embassy REIT secures Rs 1,200 cr debt to acquire business park in Chennai")
Movie at Rs 99: Cinema Lovers Day sees huge turnout with discounted tickets
Thousands of cinema lovers flocked to their nearest theatres on Friday to enjoy blockbusters at the affordable price of just ₹99
 "Movie at Rs 99: Cinema Lovers Day sees huge turnout with discounted tickets")
DPIIT working on SOP to ease entry for certain Chinese workers in India
Industries that are not covered under the PLI scheme struggle to employ Chinese workers for machinery installation, thereby hindering production expansion in the 'China plus one' approach
 "DPIIT working on SOP to ease entry for certain Chinese workers in India")
ICRA revises domestic steel consumption growth upwards to 9-10% for FY25
Domestic steel consumption between February to April 2024 registered a growth of 11.3 per cent
 "ICRA revises domestic steel consumption growth upwards to 9-10% for FY25")
NITES seeks probe from Labour Ministry as Infosys delays new hires
Nascent Information Technology Employees Senate (NITES) has demanded the affected professionals be given full salary payments for the period during which onboarding has been delayed
 "NITES seeks probe from Labour Ministry as Infosys delays new hires")
Global airlines raise profit outlook for 2024, projects $1 trn in revenue
The International Air Transport Association (IATA) said it expected the worldwide industry to generate $30.5 billion of profit this year
 "Global airlines raise profit outlook for 2024, projects $1 trn in revenue")
Akasa's Delhi-Mumbai flight diverted to Ahmedabad due to 'security alert'
The aircraft had 186 passengers, 1 infant and six crew members onboard, it said
 "Akasa's Delhi-Mumbai flight diverted to Ahmedabad due to 'security alert'")
Surge of free power raise red flags for green technology investors
For more than a million consumers, that meant getting free electricity to heat their homes or charge their vehicles
 "Surge of free power raise red flags for green technology investors")
Selling like hot cakes: Online sales blaze as consumers click to stay cool
One of the main players in the quick commerce space- Swiggy Instamart, has witnessed a sharp rise in sales of juices, cold drinks, and ice creams
 "Selling like hot cakes: Online sales blaze as consumers click to stay cool")
Copper rally hits scrap companies to electric gear manufacturers
Apart from hedging and price hikes, companies have also had to resort to stocking up on inventory
 "Copper rally hits scrap companies to electric gear manufacturers")
Spectrum auction signal fades: Lowest earnest money deposit since 2013
Mock auction kicks off on Tuesday, real bidding starts June 6
 "Spectrum auction signal fades: Lowest earnest money deposit since 2013")
Major private hospital chains see rise in revenues per bed in FY24
They are on an expansion spree and guided for more bed additions in FY25
Major 18 listed builders sell properties worth Rs 1.17 trillion in FY24
Except for a few realty players, all major developers have achieved higher sales bookings in 2023-24 compared to the preceding financial year
 "Major 18 listed builders sell properties worth Rs 1.17 trillion in FY24")
Summer-centric products sizzle as heatwaves persist across country
Beverage major Coca-Cola also reported a spike in demand across its portfolio
 "Summer-centric products sizzle as heatwaves persist across country")