Page 494 - Industry News

IPL teams' revenue dropped 'sharply' in FY23, could be reaching saturation

League may need to make structural change, says report that studied market filings of companies owning IPL teams

FSSAI to launch quality check of food items like dairy products, spices

FSSAI is already taking samples of spices in powder form of all brands, including MDH and Everest, from across the country in view of quality concerns flagged by Singapore and Hong Kong

India's coal production rises 7.4% in April to 78.69 million tonnes

The country's coal dispatch in April rose to 85.10 MT (provisional) against 80.23 MT in April last fiscal year

India's mineral production increases by 8% in February, says govt

The index of mineral production of the mining and quarrying sector for February 2024 at 139.6 is 8 per cent than February last year

India's services exports decline marginally in March to $30 billion

As per RBI's data on India's international trade in services, the trade surplus during March 2024 was $13.4 billion

India among fastest-growing mkts with potential to be in top 10: Airbnb CBO

Airbnb is investing specifically in India, where a number of tourists travelling to foreign destinations as well as domestic places are on the rise post-pandemic

Energy storage systems crucial to up RE share in power generation: ICRA

The BESS also plays a role in improving grid stability, providing ancillary support services and peak load shifting, it said

53 mn sq ft office space eligible to be monetised via SM-REIT for Rs 70K cr

ICRA noted that registration of existing FOPs and new ones is mandatory under Sebi

Viagra trademark exclusive property of Pfizer, rules Delhi High Court

Delhi HC has ordered Renovision Exports to pay Pfizer Rs 3 lakh and issued a permanent injunction preventing the marketing of homoeopathic medicine under the 'VIGOURA' mark

Ships moved 9% faster at Indian major ports in FY24 as infra improved

Greater participation by private companies is another reason for improvement

Car mkt sees consolidation, top 6 brands corner 92.6% of domestic sales

The bottom six car makers managed to corner only 2.9 % market share

Not so sweet anymore: How India's relationship with sugar is turning sour

With rising incomes, education, and health awareness in India, especially in the big cities, droves of people are saying no to sugar

Sugar production beats estimates with late pick up in rains raising output

That is down 1.8% from the previous full year, but already above the around 29 million metric tons expected at the start of the current season due to drought in Karnataka and Maharashtra states

Surat decided, diamond hub turns to Navasari, Bardoli for poll glitter

Have no demand from govt, says leading diamantaire Savji Dholakia

India-UAE trade agreement cementing long-standing economic ties: UAE envoy

The envoy said there has been a remarkable growth in bilateral trade between the two countries after inking of the mega trade pact

SC's ruling on spectrum allocation won't affect satellite regulations

Last year the govt sought clarifications from SC on the administrative allocation of spectrum

India among top 5 developing countries in aviation emissions in 2019: Study

The research team at the Norwegian University of Science and Technology also found that India's share in global CO2 emissions from domestic aviation was the third highest at 1.5 per cent

Power consumption increases by 11% to 144.25 billion units in April

The highest supply in a day (peak power demand) also rose to 224.18 GW in April 2024 as against to 215.88 GW in April 2023

Truck rentals tepid, commercial vehicle sales skid in April, says report

'Seasonal fruits, including mangoes, kept some hubs busy. While there was a decline in truck rental, the fleet occupancy remained around 70 per cent'

Govt unlikely to impose export curbs on low-grade iron ore, says report

China typically accounts for more than 90% of overall shipments of iron ore from India which is the world's fourth-largest producer of the steel-making ingredient