Page 493 - Industry News
Indians prepare for summer travel despite heat waves, soaring fares: Report
IMD expects May 2024 to record a higher than normal number of heat wave days in various parts of the country
 "Indians prepare for summer travel despite heat waves, soaring fares: Report")
REIT to invest Rs 3,800 cr to construct of 6.1 mn sq ft office space
In an interview, Aravind Maiya, Chief Executive Officer of Embassy REIT, said the company's business has been growing from strength to strength
 "REIT to invest Rs 3,800 cr to construct of 6.1 mn sq ft office space")
Little room: Businesses struggle for expansion in Kolhapur and Sangli
Stifled growth: Businesses grapple with land shortage and soaring power tariffs
 "Little room: Businesses struggle for expansion in Kolhapur and Sangli")
Number of medical tourists in India to exceed pre-pandemic levels in CY24
Major hospital chains in India are eyeing the rise in international patient revenue and exploring entry into new geographies
 "Number of medical tourists in India to exceed pre-pandemic levels in CY24")
Where fingers move fast but not wages, Bengal's bidi belt votes on May 7
Tardy uniform wage implementation, health hazard plague workers
 "Where fingers move fast but not wages, Bengal's bidi belt votes on May 7")
PLI for electronics parts: Meity seeks info on production competitiveness
Meity has held numerous consultations with industry players and is hoping to launch the scheme as part of its 100-day agenda after the new government is formed after the general elections
 "PLI for electronics parts: Meity seeks info on production competitiveness")
Spice controversy: Norms for pesticide residue stringent, says govt
In India, pesticides are regulated by the Ministry of Agriculture and Farmers Welfare through the Central Insecticide Board and Registration Committee (CIB & RC)
 "Spice controversy: Norms for pesticide residue stringent, says govt")
Breweries ramp up production on record sales forecast this summer
The companies ramp up production, diversify offerings on record summer sales forecast
 "Breweries ramp up production on record sales forecast this summer")
Delhi Police busts two manufacturing units making adulterated spices
Dilip Singh (46), Sarfaraj (32), and Khurseed Malik (42) were identified as the accused
 "Delhi Police busts two manufacturing units making adulterated spices")
Met coal imports from Russia up nearly three-fold in last 3 financial years
Russia's share in India's metallurgical coal imports of 73.2 million tonnes (MT) has risen to around 21 per cent from around 8 per cent in 2021-22, research firm Big Mint said in a statement
 "Met coal imports from Russia up nearly three-fold in last 3 financial years")
Thermal power plants have 68% of normative coal stocks, shows data
In view of the projected high demand for electricity, the power ministry has taken many steps which include mandatory running of imported coal-based plants in country to bridge the demand-supply gap
 "Thermal power plants have 68% of normative coal stocks, shows data")
Stringent norms adopted for max pesticide residue limit in food items: Govt
FSSAI is currently collecting samples of branded spices, including that of MDH and Everest, sold in the domestic markets to ensure they comply with its quality norms
 "Stringent norms adopted for max pesticide residue limit in food items: Govt")
Truck freight rates dip for smaller cities, remain flat for bigger ones
Jaipur, Ahmedabad see largest declines
 "Truck freight rates dip for smaller cities, remain flat for bigger ones")
Need for infra status for hospitality sector to bring more investments: HAI
The sector is also hopeful that international tourist arrivals in India will reach pre-pandemic levels by March next year but ease of getting visas needs to be facilitated
 "Need for infra status for hospitality sector to bring more investments: HAI")
India raises issue of pharma pricing control in Australia on generic drugs
The bilateral trade between the countries declined 7.7 per cent to USD 24 billion in 2023-24 as against USD 26 billion in 2022-23
 "India raises issue of pharma pricing control in Australia on generic drugs")
Paper industry urges govt to allot degraded land for pulpwood plantation
The paper industry has faced shortage of wood, the key raw material, and it is the biggest concern for mills in India, the Indian Paper Manufacturers Association (IPMA) said in a statement on Saturday
 "Paper industry urges govt to allot degraded land for pulpwood plantation")
BHIM to challenge Google Pay, PhonePe e-commerce dominance through ONDC
BHIM will expand its presence in e-commerce by offering a diverse range of products and services, including food and beverages, groceries, fashion, and apparel to its user base
 "BHIM to challenge Google Pay, PhonePe e-commerce dominance through ONDC")
Plans afoot to organise Kolhapuri chappal trade but it's a slow start
Though the Kolhapuri chappal trade is robust, the industry remains largely unorganised and finds it challenging to meet demand
 "Plans afoot to organise Kolhapuri chappal trade but it's a slow start")
Why ads meant to cash in on a potentially viral moment require a long look
As internet trolls attacked her for her facial hair, a full-page advertisement by Gurugram-headquartered Bombay Shaving Company appeared on the front pages of some newspapers addressing her
 "Why ads meant to cash in on a potentially viral moment require a long look")
Consumer sentiments highest in at least 62 months, shows CMIE data
Index of Consumer Sentiments index is at its highest level since at least March 2019
 "Consumer sentiments highest in at least 62 months, shows CMIE data")