Page 500 - Industry News
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
 "Residential real estate prices in India to go up 4-6% this year: Report")
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
 "Sale of homes priced above Rs 4 cr comprises 5% of total, says report")
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
 "Telecom operators group asks govt to ban sale of unlicenced WiFi 6E routers")
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
 "Realtors retool pricing strategies amid rising cost of construction")
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
 "In the works: Telecom Patent Fund to access costly tech, drive innovation")
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
 "Bharat Biotech co-founder Krishna Ella takes helm as President of IVMA")
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
 "Despite wars in Europe and West Asia, oil shock fears yet to materialise")
Nearly 20 critical mineral blocks to be put up for sale by June-end
Offshore mineral auction within three months
 "Nearly 20 critical mineral blocks to be put up for sale by June-end")
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
 "Artificial intelligence startups face rough financial reality check")
'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
 "'Reliance buys its first Canadian crude from Trans Mountain pipeline'")
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
 "Travel, tourism sector expected to add 58.2 mn jobs by 2033: NLB Services")
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
 "RBI asks all regulated entities to review their lending practices")
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
 "Telecom operators seek ban on illegal WiFi devices running on 6 GHz")
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.
 "Construction sector firms' revenues to see 12-15% growth this fiscal: ICRA")
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
 "Rental yields from housing assets in Gurugram up 4.1%, says report")
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
 "Investors may have a higher focus on deeptech, Gen AI, climate tech in 2024")
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
 "MahaRERA proposes to make developers mention amenity details with deadlines")
Increasing global uncertainties may impact demand, India's exports: FIEO
FIEO Director General Ajay Sahai also said that India's domestic currency depreciated only about 1.3% during 2023-24 as against Chinese Yuan's 4.8%; Thai Baht 6.3% and Malaysian Ringgit's 7%
 "Increasing global uncertainties may impact demand, India's exports: FIEO")
E-commerce market to hit $325 billion by 2030, rural India to lead growth
Invest India forecasts India's e-commerce to soar to $325 billion by 2030, fueled by 500 million shoppers and a robust, low-cost internet penetration
 "E-commerce market to hit $325 billion by 2030, rural India to lead growth")
Private investment push: 200 more Gati Shakti terminals on the cards
77 of the first 100 GCTs announced have already been commissioned at a cost of Rs 5400 crore, says official
 "Private investment push: 200 more Gati Shakti terminals on the cards")