Page 495 - Industry News

ICAI order on EY India affiliates may speed up notification of norms

While there is disappointment with the order, there is also hope that it would eventually lead to "much needed" clarity on guidelines on international networking for domestic firms

Road execution likely to dip by up to 10% in FY25, says CareEdge

"Of the total awards of 12,300 kilometres by the National Highways Authority of India in FY22 and FY23, 20 per cent continue to await an appointed date for more than one year," CareEdge said

India global services export to reach $800 billion by 2030: Goldman Sachs

Report says services exports could reach around 11% of GDP by 2030, helping increase demand for top-tier discretionary spending

Residential real estate prices in India to go up 4-6% this year: Report

Rising per capita income, moderating inflation, stable commodity prices to support demand, it says

Sale of homes priced above Rs 4 cr comprises 5% of total, says report

Mumbai top in the sale of such homes in March quarter, demand falls in Delhi NCR from a year ago

Telecom operators group asks govt to ban sale of unlicenced WiFi 6E routers

Cellular Operators Association of India says routers are available for sale on e-commerce platforms and through offline retailer

Realtors retool pricing strategies amid rising cost of construction

The higher costs in Mumbai can be attributed to the increased prices of essential construction materials like cement, reinforced steel, structural steel, and stones

In the works: Telecom Patent Fund to access costly tech, drive innovation

DoT plans fund to acquire critical licences from global firms for startups and SMEs, boost indigenous R&D

Bharat Biotech co-founder Krishna Ella takes helm as President of IVMA

Ella takes over the presidency from Adar C Poonawalla, who held the post from 2019 to March 2024

Despite wars in Europe and West Asia, oil shock fears yet to materialise

The peak that Indian crude oil basket has touched since Russia invaded Ukraine in Feb 2022 was in June of the same year pricing at $116.01 a barrel. It has not crossed $100 a barrel after July 2022

Nearly 20 critical mineral blocks to be put up for sale by June-end

Offshore mineral auction within three months

Artificial intelligence startups face rough financial reality check

Investors have poured $330 billion into about 26,000 AI and machine-learning startups over the past three years, according to PitchBook

'Reliance buys its first Canadian crude from Trans Mountain pipeline'

Reliance joins a growing group of Asian refiners in buying Canadian crude to be exported from the new pipeline which is scheduled to start transporting oil in May

Travel, tourism sector expected to add 58.2 mn jobs by 2033: NLB Services

Incidentally, talent demand in tourism recorded a 44 per cent spike in August 2023, and 1.6 million additional jobs were expected to be added in calendar year 2023, NLB Services CEO Sachin Alu said

RBI asks all regulated entities to review their lending practices

The regulator has also asked the entities to take corrective measures, including system-level changes

Telecom operators seek ban on illegal WiFi devices running on 6 GHz

The industry body argued that the utilization of such WiFi devices operating in the 6 GHz band will render customers responsible for these unauthorized transmissions, placing liability on consumers

Construction sector firms' revenues to see 12-15% growth this fiscal: ICRA

India's construction sector entities' revenues are likely to grow by 12-15 per cent in the current financial year, while margins will expand by 25-50 bps, rating agency ICRA said on Monday.

Rental yields from housing assets in Gurugram up 4.1%, says report

Rental yield is the annual return on investment (ROI) investors earn from capital invested in a property

Investors may have a higher focus on deeptech, Gen AI, climate tech in 2024

The report focuses on investment activity across seed and pre-Series A stages, by analysing market information, along with a survey conducted with 22 leading institutional early-stage investors

MahaRERA proposes to make developers mention amenity details with deadlines

MahaRERA, the real estate watchdog, has proposed the norms to put an end to the uncertainty of guaranteed facilities and amenities in housing projects, according to a statement