Page 490 - Industry News

Brokerages cautious about stocks of city gas distribution companies

The gas sector faces competition from EVs that cut into demand for CNG vehicles

Luxury homes' share in total sales nears affordable for first time: Report

Demand for luxury units has consistently increased in the last five years

India leads Asia-Pacific region's M&A deals in Q1 2024: S&P Global

The number of deals closed in Q1 of 2024 is one more than the previous year

Value of mergers and acquisitions at lowest level in at least 76 months

With 98 deals, the total value of M&A stood at $1.8 billion. In the same month last year, the value was $8 billion across 204 deals

'If spice makers found guilty, govt will not hesitate to cancel licence'

The Food Safety and Standards Authority of India (FSSAI), which has 237 testing labs, has collected over 1,500 spice samples from around the country

Play Store billing case: NCLAT seeks response from Google and CCI

The NCLAT has told both the parties to submit their replies before the next hearing on May 24

Ceat plans to revamp brand strategy to target SUV owners, adventure bikers

Ceat plans to reach its target audience through various touchpoints

Stable prices, lower fuel cost, moderated demand in FY25: Cement executives

…with hints of moderate demand growth in FY25

Govt portal pins 898,000 missing phones, less than 15% recovered: DoT

Only 1.43% of traced stolen phones finally recovered, 69% in Telangana

ITA seeks financial aid from Centre to support Darjeeling tea industry

According to the ITA, the situation in Darjeeling is critical due to decreasing yields and plummeting prices

17 firms under IT hardware PLI to start production this year: IT secy

The government in November, 2023 approved the application of 27 companies, including Dell, HP, Foxconn, Lenovo, Netweb Technologies, under new production-linked incentive (PLI) scheme

Govt plans electrifying interstate buses with charging infra on key routes

Nearly 1.25-1.45 million buses (mainly diesel) operate on intercity or interstate routes currently, with around 250,000 controlled by state governments

Govt projects biggest power shortfall in 14 years, races to curb outages

The deficit also follows delays, a government source said, in the commissioning of 3.6 gigawatts (GW) of new coal-fired plants which had been targeted to be operational before March

India's retail sector set to cross $2 trillion by 2030, says report

The Decoding Omnichannel report indicates that digital-first brands are best positioned to lead the charge in scaling omnichannel strategies across various consumption categories in the country

Indian Tea Association raises concerns over lower production, prices

Citing Tea Board data, the association said that North Indian tea production from January to March 2024 was down by more than 21 million kilograms

Vivo tops Indian smartphone market in Q1; Apple dominates premium segment

Vivo secured a market share by volume of 19 per cent as against 17.5 per cent year-ago, driven by its leadership in 5G technology

GCCs drove India office demand with 37% share in leasing activity in Q1

India's prime office markets saw a 4-8 per cent year-on-year rise in rentals in the first quarter, propelled by strong demand and an influx of high-quality supply, according to Colliers' latest report

Rising temperatures drive up electricity consumption in Rajasthan

The last fortnight recorded an increase of 300 lakh units in the electricity demand, which is continuously rising, sources in the energy department said

Tyre sale volumes expected to see moderate growth of 4-6% in FY25: ICRA

This growth in the last fiscal was driven by factors such as elevated base and subdued growth in the commercial vehicle (CV) segment, it said

Govt considers offering incentives for lithium processing: Report

Companies including SoftBank-backed e-scooter maker Ola Electric, and miner Vedanta Ltd and Jindal Power are among those bidding for critical minerals blocks, which include lithium