Page 497 - Industry News
IIT Madras claims top slot in patents; count more than doubled in FY24
Premier campus achieves dream of filing 'patent a day', has some 1,100 granted to it
 "IIT Madras claims top slot in patents; count more than doubled in FY24")
Global wine demand drops to 27-year low as prices hit record high
The fall in demand last year was particularly big in China, estimated at minus 25%
 "Global wine demand drops to 27-year low as prices hit record high")
Fintech players likely to request RBI for a simpler merchant KYC process
It has proposed that payment aggregators will be required to undertake Contact Point Verification (CPV) of entities which involves physical verification of customers
 "Fintech players likely to request RBI for a simpler merchant KYC process")
Why Caesarean section deliveries are rising at an alarming rate in India
Pregnancy-related complications are one of many reasons why C-sections are burgeoning in India
 "Why Caesarean section deliveries are rising at an alarming rate in India")
ICEA bats for chip design, manufacturing to be treated as strategic sector
India Cellular and Electronics Association (ICEA), in its latest report, also recommended that India should establish an exclusive market exchange for electronics and hi-tech industry
 "ICEA bats for chip design, manufacturing to be treated as strategic sector")
COAI renews demand for revenue share between telcos, traffic generator apps
Large traffic generator apps include YouTube, Facebook, WhatsApp, Netflix, etc
 "COAI renews demand for revenue share between telcos, traffic generator apps")
'Indian airlines will need 60 wide-body planes for long routes by FY2032'
India is one of the world's fastest growing civil aviation markets but at present, only Air India and Vistara have wide-body planes in their fleets
 "'Indian airlines will need 60 wide-body planes for long routes by FY2032'")
Crude oil processing volumes rose to 23.4 mmt in March: PPAC data
Domestic crude production exhibited steady levels, at 2.5 MMT in the latest month. The production marked a sequential rise of 16.2 per cent from the 2.15 MMT registered in February
 "Crude oil processing volumes rose to 23.4 mmt in March: PPAC data")
Electric cars, digital connectivity dominate at Beijing auto show
Electric vehicles accounted for about a quarter of all auto sales in China last year. Hybrids, which have trailed EVs, are expected to be a growing segment going forward
 "Electric cars, digital connectivity dominate at Beijing auto show")
Tough times for urban cooperative banks as bad loans build, ranking dips
Lenders that hold more than Rs 5 trillion in deposits are weaker after the pandemic
 "Tough times for urban cooperative banks as bad loans build, ranking dips")
Indian housing market outlook bullish, consumer sentiments positive: Report
The survey revealed a positive market outlook for the Indian residential real estate sector with an overall HSI of 149
 "Indian housing market outlook bullish, consumer sentiments positive: Report")
Everest denies Hong Kong, Singapore ban; Regulator seeks quality check info
The masala-maker company clarified that only one out of its 60 products have been held for examination in Singapore
Comm min working on infra to achieve $1 tn exports by 2030: Official
Additional Secretary in the Department of Commerce Anant Swarup said that the Asian Development Bank has been requested to conduct a study in this regard
 "Comm min working on infra to achieve $1 tn exports by 2030: Official")
To cut costs, Indian tech companies expanding into smaller cities
The change also comes as state governments offer stamp duty concessions, land benefits, subsidised power and other incentives to bring jobs to smaller cities
 "To cut costs, Indian tech companies expanding into smaller cities")
Battery stocks' rally likely to extend in May after $2 billion surge
Exide and Amara Raja added a combined market value of about $2 bn in April as investors boosted their bets in the nascent clean car market
 "Battery stocks' rally likely to extend in May after $2 billion surge")
Govt orders ethylene oxide testing for spice export to Hong Kong, Singapore
Currently, spice exports to Singapore and Hong Kong require mandatory testing for the carcinogen Aflatoxin and the dye Sudan I-IV
 "Govt orders ethylene oxide testing for spice export to Hong Kong, Singapore")
New US rules mandate automatic refunds to customers for cancelled flights
Consumers can choose to view passenger-specific fee information based on their participation in an airline's rewards programme, their military status or the credit card that they use
 "New US rules mandate automatic refunds to customers for cancelled flights")
What IT sector wants: AI push, clarity on labour laws on LS polls wishlist
Industry leaders highlighted the need to prioritise original research and development in software intellectual property (IP) creation and the simplification of labour laws
 "What IT sector wants: AI push, clarity on labour laws on LS polls wishlist")
Tiles cementing market in India's famous marble heartland Kishangarh
Amid growing demand for tiles from Gujarat's Morbi district, marble industry faces a bleak future
 "Tiles cementing market in India's famous marble heartland Kishangarh")
LS polls: Tumkur hopes yarn will spin again for its textile industry
The sector is facing multiple challenges like labour shortage, falling exports and bureaucratic delays
 "LS polls: Tumkur hopes yarn will spin again for its textile industry")