Page 484 - Industry News

Organised jewellery retailers to witness 17-19% revenue growth: CRISIL

The revenue of organised gold jewellers is expected to rise 17-19 per cent this fiscal, while volume growth is likely to stagnate due to rising gold prices, Crisil Ratings said in a report

One dead, many injured after turbulence hits Singapore Airlines flight

Singapore Airlines flight SQ321, travelling from London Heathrow Airport to Singapore, encountered severe turbulence, forcing an emergency landing at Bangkok's Suvarnabhumi Airport on Tuesday

Indian hospitality sector witnesses 11.4% growth in RevPAR in Q1 2024: JLL

Increase in corporate travel, weddings, and Meetings, Incentives, Conferences, and Exhibitions (MICE) demand at the end of FY24 have contributed to this strong performance of the sector

Paper, paperboard imports up 34% on higher supplies from Asean bloc: IPMA

The Indian Paper Manufacturers Association (IPMA) in a statement said that the increasing imports of these products are hurting the domestic industry

38 critical blocks on sale unlikely to accrue benefits in this decade: ICRA

The country's lack of reserves of critical minerals necessary for the green transition has resulted in 100 per cent import dependence for minerals like lithium, cobalt, and nickel

Contractual job hiring by firms up 15% CAGR since Jan 2022, says report

Businesses opting for flexible employment models to manage costs, it says

Hotel industry clocks 11% revenue growth per room during Jan-Mar: Report

Chennai recorded the strongest growth in RevPAR at 21.7 per cent in January-March

Govt needs to further expand PLI scheme to make India 'Global Drone Hub'

It also noted that the Indian drone market is expected to grow at 22.15 per cent CAGR (compounded annual growth rate) during the 2024-30 period

Govt may review inverted duty structures in washing machines, air purifiers

The official said the Commerce and Industry Ministry has shared a list of products with the Finance Ministry to look at the inverted duty structure issues

BJP ignored plight of UP's once-thriving sugar industry, alleges Congress

Jairam Ramesh pointed out that the Congress Nyay Patra promises to fill all vacancies, particularly in the health sector, and to upgrade all PHCs in the country

Pesticide controversy: Govt tells MDH, Everest to take corrective measures

EtO is often used in the food industry to reduce bacterial load, yeast and mould, as a fumigant

E-commerce demand surges amid heatwave, manpower needs increase

In the past month alone, daily deliveries by e-commerce entities have escalated to over two million, compared to 1.2-1.5 million deliveries recorded a year earlier

Telcos collaborate with tech partners to curb unwanted calls, messages

The Centre has currently designated the 140 number series for promotional voice calls, and the 160 number series for transactional and service-related voice calls

Emirates, Etihad, Qatar Airways see 70% India flyers transit at hubs

This raises govt concerns over undercutting Indian carriers' international plans

Baggage delivery time at 6 major airports improves significantly: MoCA

The ministry has also advised all domestic and international airlines operating at other airports to improve baggage delivery timings

April domestic air travel growth slows to 13-month low; Air India grows

Modest growth attributed to multiple factors plaguing the aviation industry

Hope India-UK FTA not far away, says incoming Ficci UK Council chair

The India-UK Free Trade Agreement (FTA) negotiations opened in January 2022 and are aimed at significantly enhancing bilateral trade currently worth around GBP 38.1 billion a year

As BJP looks to build on housing schemes, a reality check in Delhi

Housing has been a pressing issue for a significant portion of Delhi's 20 million inhabitants. The issue flared up when the DDA razed nearly 10 slums in first half of 2023, in the run-up to G2 Summit

Govt continues curbs on import of unregistered IT, electronic goods

Rules referred to 2012 have been replaced with 2021 and there is no change in policy, says senior government official

Tourism's share in global GDP to return to pre-Covid levels this year: WEF

India soars to 39th, sole South Asian nation in top 50: WEF