Page 483 - Industry News
India mulls GST relief for foreign airlines; fitment committee to review
Foreign airlines with offices in India have been issued GST notices for failing to pay taxes on services imported by Indian entities from their headquarters
 "India mulls GST relief for foreign airlines; fitment committee to review")
How is the Red Sea crisis making your TVs, ACs costlier? Key details
Sea freight expenses from China are rising due to a shortage of shipping containers resulting from the Iran-Israel conflicts
 "How is the Red Sea crisis making your TVs, ACs costlier? Key details")
SUVs dominate rural India: Hyundai's sales in January-April 2024 surge
In the first four months of this year, SUVs like the Exter, Venue, and Creta made up 67 per cent of Hyundai's rural sales, doubling their share since 2020
 "SUVs dominate rural India: Hyundai's sales in January-April 2024 surge")
Govt mulls incentives for heavy duty electric trucks to reduce diesel ones
Electric heavy-duty commercial goods carriers have a wide range of applications in sectors such as mining, ports, infrastructure development, construction, and inter-warehouse freight transport
 "Govt mulls incentives for heavy duty electric trucks to reduce diesel ones")
DoT asks operators to re-verify over 600,000 mobile connections in 60 days
The department has flagged around 6.80 lakh mobile connections as potentially fraudulent after advanced AI-driven analysis
 "DoT asks operators to re-verify over 600,000 mobile connections in 60 days")
Hiring for new roles to take 27% effort of HR professionals in FY25: Report
The report further revealed that 32 per cent of hiring is expected to be in the level of those having 4-8 years of work experience
 "Hiring for new roles to take 27% effort of HR professionals in FY25: Report")
Govt should lower tax on recruitment agencies to help boost employment: ISF
'This discourages many employers from hiring contract workers through recruitment agencies as they see the steep tax as an additional burden.'
Google, Foxconn join forces to produce pixel smartphones in Tamil Nadu
Google is planning to expand its Pixel smartphone business in India, aiming to seize the growing demand for premium smartphones in the country
 "Google, Foxconn join forces to produce pixel smartphones in Tamil Nadu")
Unsold homes in Delhi-NCR drop 57% in last 6 years to 86,420 units in Q4
Real estate consultant Anarock said in its latest report that NCR's unsold stock declined from 2,00,476 units at the end of the March 2018 quarter to 86,420 units as of March 31, 2024
 "Unsold homes in Delhi-NCR drop 57% in last 6 years to 86,420 units in Q4")
Leather exporters seek national policy to attract investments, create jobs
The council asked the government to implement the production-linked Incentive (PLI) scheme for the entire supply chain of the footwear and leather industry and also the machinery segment
 "Leather exporters seek national policy to attract investments, create jobs")
Road transport fleet operators revenue to grow at 9-11% in FY25: CRISIL
It further said operating margin is seen improving 75-100 basis points on better fleet utilisation and steady fuel costs
 "Road transport fleet operators revenue to grow at 9-11% in FY25: CRISIL")
June spectrum auction: Jio likely to spend Rs 12,000 cr, Airtel Rs 8,000 cr
Jio is expected to take the lead in the auction once again, with plans to bolster its spectrum portfolio, particularly in the 800 MHz band across certain circles
 "June spectrum auction: Jio likely to spend Rs 12,000 cr, Airtel Rs 8,000 cr")
Business activity expands in May as exports surge, PMI rises to 61.7
Robust demand was supported by new business in the services industry, which grew at the fastest pace since January, as well as rising manufacturing output and new orders
 "Business activity expands in May as exports surge, PMI rises to 61.7")
RIL's new venture Tira bets on AI tools to push into Indian beauty market
The local beauty segment is expected to grow at 10% between 2022 and 2027, according to a September report by RedSeer Strategy Consultants and PeakXV, beating China's 7% and the US' 5%
 "RIL's new venture Tira bets on AI tools to push into Indian beauty market")
Healthcare sector most violative of advertisement rules, says Asci report
For the first time, the baby care sector has made it to the list of top 10 violators owing to influencers promoting products and services without disclosing material connections
 "Healthcare sector most violative of advertisement rules, says Asci report")
Indian aviation industry suffers from low penetration despite rise in seats
India's total airline seats have doubled in a decade. So, why is the country not seen as realising its aviation potential?
 "Indian aviation industry suffers from low penetration despite rise in seats")
'India's nurse shortage worsens as they emigrate for jobs abroad'
With 1.96 nurses per 1,000 population, India falls short of the World Health Organization (WHO) recommended rate of three nurses per 1,000 population, he said
 "'India's nurse shortage worsens as they emigrate for jobs abroad'")
Smartphones become India's fourth largest export item with 42% growth
Smartphones have been a key success story of the government's production-linked incentive (PLI) scheme
 "Smartphones become India's fourth largest export item with 42% growth")
Premium devices to dial up growth in India's smartphone market in 2024
Overall smartphone market is expected to witness modest single-digit growth in CY 2024
 "Premium devices to dial up growth in India's smartphone market in 2024")
Dependency on minerals import risks India's green tech progress: ICRA
According to the report, there has been a gradual shift in global energy policy priorities from fuel and energy security to mineral security
 "Dependency on minerals import risks India's green tech progress: ICRA")