Page 492 - Industry News
Toy exports down at $152 mn in 2023-24, need strategy to push it: GTRI
The Global Trade Research Initiative (GTRI) said that India's toy exports did not benefit much from the mandatory quality control orders
 "Toy exports down at $152 mn in 2023-24, need strategy to push it: GTRI")
Rail freight grows at 1.4% in April; coal cargo rises by 6.3%
Coal is the mainstay of railways' freight earnings and accounts for 50 per cent of the transporter's cargo volumes and revenue
 "Rail freight grows at 1.4% in April; coal cargo rises by 6.3%")
GreenCell Mobility gets Rs 300 crore credit from SMBC for UP e-bus project
Under the terms of the agreement, SMBC has extended a long-term project finance facility to GreenCell Mobility for its 350 electric buses project in Uttar Pradesh, the company said in a statement
 "GreenCell Mobility gets Rs 300 crore credit from SMBC for UP e-bus project")
Govt, industry must work together to reduce import dependence: Pharma secy
Chawla noted that deliberations were also held during the Meditech Stackathon 2024 to scale the medical device exports to match the level of imports of such articles into the country, he added
 "Govt, industry must work together to reduce import dependence: Pharma secy")
FMCG industry sees 6.5% growth; rural demand surpasses urban: NielsenIQ
The FMCG industry has experienced a 6.6% growth in value, attributed to a 6.5% increase in volume at an all-India level
 "FMCG industry sees 6.5% growth; rural demand surpasses urban: NielsenIQ")
Film enthusiasts may need to wait longer as OTT services skip movie deals
OTT platforms have become circumspect, moved away from the traditional practice of signing movies before its theatrical release
 "Film enthusiasts may need to wait longer as OTT services skip movie deals")
Top 3 Indian IT companies train over 775,000 in generative AI skills
This figure is substantially higher than what the IT industry body Nasscom had predicted in its Strategic Review of 2023
 "Top 3 Indian IT companies train over 775,000 in generative AI skills")
Govt allows export of 14,000 tn of non-basmati white rice to Mauritius
The government on Monday permitted exports of 14,000 tonnes of non-basmati white rice to Mauritius.
 "Govt allows export of 14,000 tn of non-basmati white rice to Mauritius")
Jio, Airtel, Vodafone Idea to participate in Rs 96,317 cr spectrum auction
"Reliance Jio, Bharti Airtel, and Vodafone Idea have submitted applications for spectrum auction," an official source said
 "Jio, Airtel, Vodafone Idea to participate in Rs 96,317 cr spectrum auction")
Construction equipment sales rise 26% to 135,650 units in FY24: ICEMA
As per the data released by the Indian Construction Equipment Manufacturers' Association (ICEMA), the construction equipment (CE) industry had sold 107,779 units in the previous fiscal year
 "Construction equipment sales rise 26% to 135,650 units in FY24: ICEMA")
New plastic management rules will impact FMCG companies: Analysts
India is the third-largest plastic producer globally. While these new norms will put India ahead in the global league, they will also impact packaging costs for consumer companies
 "New plastic management rules will impact FMCG companies: Analysts")
Rajasthan plans to go all out on solar, shun coal, to meet power demand
According to the plan, subsidised rooftop systems are to be installed at 500,000 houses in the first phase of PM Suryaghar Yojana in the state
 "Rajasthan plans to go all out on solar, shun coal, to meet power demand")
Lab grown diamonds export may grow by 7-9% to reach $1,500-1,530 mn in FY25
Both domestic consumption and exports of man-made diamonds are expected to increase this fiscal due to their low cost, the report said
 "Lab grown diamonds export may grow by 7-9% to reach $1,500-1,530 mn in FY25")
Telecom subscriber base rises by 5.6 mn in March 2024, led by Jio, Airtel
Reliance Jio clocked in 3.6 million new subscribers and Bharti Airtel added 2.8 million subscribers in March 2024, while Vodafone Idea loss 0.6 million
 "Telecom subscriber base rises by 5.6 mn in March 2024, led by Jio, Airtel")
Govt should allow 2 MT of sugar exports in 2023-24 mkt yr ending Sep: Isma
For the current 2023-24 marketing year (October- September), the government has not allowed sugar exports to boost domestic supply and control retail prices
 "Govt should allow 2 MT of sugar exports in 2023-24 mkt yr ending Sep: Isma")
India's airlines to have 50% mkt share of int'l passengers by FY28: CRISIL
The report noted that business profiles of Indian carriers will strengthen as a result of their rising share in international traffic, which is more profitable than the domestic segment
 "India's airlines to have 50% mkt share of int'l passengers by FY28: CRISIL")
FADA and Frost & Sullivan to conduct customer experience index study
The survey will be conducted through a collection of 8,000 blind samples from people roaming in places such as shopping malls, cinema halls, hotels, and restaurants across 26 cities in the country
 "FADA and Frost & Sullivan to conduct customer experience index study")
BSNL to launch 4G services across India in August; to use indigenous tech
TCS, Tejas Networks and government-owned ITI have bagged orders worth about Rs 19,000 crore from BSNL for deploying 4G network which is upgradable to 5G
 "BSNL to launch 4G services across India in August; to use indigenous tech")
India has fewer than 2,000 senior engineers for developing core AI products
This stands in stark contrast to the 650,000-700,000 individuals that the tech industry body Nasscom said have received training in AI within leading tech companies
 "India has fewer than 2,000 senior engineers for developing core AI products")
IT giants Cognizant and Capgemini hired 150,000 fewer employees in 2023
Cognizant and Capgemini collectively employ around 400,000 people in India
 "IT giants Cognizant and Capgemini hired 150,000 fewer employees in 2023")