Page 499 - Industry News

Telecom sector AGR rose 1.88% sequentially to Rs 67,835 crore in Q3 FY23

The monthly average revenue per user (ARPU) for wireless service rose to Rs 152.5

'Auction route for spectrum to continue, admin allocation in limited cases'

The spectrum will be assigned for 20 years and successful bidders will be allowed to make payments in 20 equal annual instalments in the coming mega auction

Telecom service sector's AGR up 1.8% to Rs 67,835 cr in Dec 2023 qtr: Trai

Access services accounted for 82 per cent of the total adjusted gross revenue of telecom services

Indians most confident in adapting to technology related changes: Report

The report - 'Tomorrow's World: The Workplace and Workforce of the Future' - is based on an online survey across 11 countries, including India

DGCA directs airlines to seat kids up to 12 years with their parents

Airlines shall ensure that children up to the age of 12 years are allocated seats with at least one of their parents or guardians, who are travelling on the same PNR the DGCA mentioned

Modernisation of SCL fab plant likely to cost govt Rs 20,000 crore

The government has offered two models to those showing an interest in setting up the fab plant

BJP's road ahead to fulfill agri promises in 2024 election manifesto

Significant progress has been made in the production, yields and the cultivation area of pulse and oilseed between FY19 and FY23

SEZ units exempt from IGST on certain services from DTA players: AAR ruling

AAR observed that this clarification was given to a specific SEZ unit and is not a circular but there is no bar in borrowing the rationale of the clarification

Healthy occupancies, ARPOB to drive double-digit growth for pvt hospitals

The expected revenue growth in FY25 comes on the back of an estimated 14% growth in the last financial year

Can't let public be taken for ride, says SC on misleading advertisements

"You can't just shrug your shoulders and say I have conveyed the complaint to the state authority and it is for them to do what they are doing," the bench said

Skill shortage, tariffs, red tape deter chip makers' entry in India: Taiwan

Taiwan's Foreign Minister suggested that India should prioritise streamlining its administrative processes and regulations to facilitate semiconductor investments

India saw highest Q1 office leasing in 5 years this year: Savills India

In Bengaluru, engineering & manufacturing sector leads the demand, trumps those from technology sector occupiers

India, China, Russia, 5 other WTO members slam EU, UK over steel duty

Countries say European bloc's safeguard duty was inconsistent with regulations of the global trade organisation

Growth in housing prices may moderate in FY25 to 5% annually: India Ratings

The rating agency has maintained a neutral outlook for the residential real estate sector for the 2024-25 fiscal

India sugar demand surges amid heat wave, elections; set to hit record high

But this year demand is above average as heat waves and election rallies boost consumption of ice-cream and soft drinks, said Avantika Saraogi, executive director at Balrampur Chini Mills

India's business activity surges to 14-year high in April: PMI data

Driven by robust demand in both manufacturing and service sectors, PMI in April climbed to 62.2 from March's final reading of 61.8

Karnataka, Gujarat continue to lead country's clean energy transition race

Cyclical weather conditions coupled with faster economic activity is pushing India's peak electricity demand higher every year

April business growth at near 14-year high on robust demand, show PMIs

The reading has been consistently above the 50-mark separating expansion from contraction since August 2021

Indian Fashion retail: Booming at both ends, lagging in the middle

India's fashion retail sees polarized growth: High-end luxury and budget-friendly brands thrive as mid-range fashion struggles with stagnant sales and economic pressures

CCI set to study impact of AI on competition, efficiency and innovation

"The transformative capabilities of AI have significant pro-competitive potential; at the same time, there may be competition concerns emanating from the use of AI," the CCI stated