Page 502 - Industry News

India exports record 4.8 mn tonnes oilmeal animal feed in FY24: SEA

In value terms also, the country's oilmeal exports were highest at Rs 15,368 crore during 2023-24 fiscal

Electronics industry sees 154% growth in hiring and skilling: Quess report

The telecom domain tops hiring demand within the electronics industry, accounting for 64 per cent of hiring, followed by lighting and automotive sectors

Global future won't be driven by big tech but by India's DPI: Amitabh Kant

Kant said during the G-20, the world accepted the definition and framework of the DPI, given the strides that India has made through its strategies

Volumes of domestic mining, construction equipment may drop in FY25: ICRA

Additionally, the aggregate revenues for ICRA's sample set companies are expected to contract by 9-12 per cent and operating margins by 100-150 basis points in FY2025, the statement said

LS polls: Small tea growers fight for land rights in Assam's Lakhimpur

The current government was trying to mitigate the land-related woes of such non-tribal indigenous communities

LS polls: Slowing exports, labour crunch pinch textile hub Tiruppur

When Business Standard reached Tiruppur, the city appeared to be least active compared to last year. A major reason is the decline seen in knitwear exports during the last financial year

Govt notifies liberalised FDI norms for space sector to boost investment

The liberalised entry routes under the amended policy are aimed at attracting potential investors in the Indian companies in space

Retail real estate in growth mode as consumption, incomes rise: Study

India's real estate sector is set to reach $1.5 trillion by 2034, accounting for 10.5 per cent of the economy, says the report

Govt asks shipping firms to enhance reporting, tracking on West Asia routes

The ministry has identified sensitive zones that include the Persian Gulf, Strait of Hormuz, Gulf Of Oman, Arabian Sea, Gulf of Aden, Bab Al Mandeb Strait, Red Sea, Somali Basin and Arabian Sea region

Health drink to food drink? Ecommerce sellers in a reorganising mode

Major players are working with sellers on their platforms to change the listing of products

Spending in IT sector to hit $139 bn in 2024, growing at 13.2%: Gartner

The growth is expected in all major segments, including software, devices, IT services, and data centre systems

Tesla's Musk likely to unveil $2-3 billion India investment during visit

Musk's visit comes as Tesla battles slowing sales in the major markets of the United States and China, and has this week announced layoffs affecting 10% of its workforce

Musk's satellite venture Starlink may still take time to enter India orbit

The telecom dept hasn't issued a global mobile personal communication licence to Starlink, a prerequisite for it to start commercial services in India

Funskool seeks to transform India into global hub for toy manufacturing

The expansion work at its premises in Ranipet, would effectively double the manufacturing capacities

India to have 1.5 mn new senior living facilities in 10 years: Report

Population creates 'significant room for growth' for real estate developers, says CBRE

GCCs, 3rd-party IT service providers driving demand for workspace: Report

'In 2023, India witnessed an overall leasing volume of 27.3 million square feet (sq ft) in the offshoring industry, marking a significant increase of 26 per cent compared to the previous year,'

Power consumption rises nearly 10% to 70.66 bn units in first half of April

According to the data, power consumption in the country rose to 70.66 BU during April 1-15 this year from 64.24 MU in the year-ago period

Women in tech workforce in GCCs to rise to 35% by 2027: TeamLease report

The TeamLease report highlights a significant gender disparity, with an estimated 2.05 million women compared to 3.61 million men in the tech industry as of 2024

Tech industry growth projected to halve to 3.8% in FY24 compared to FY23

Industry expected to generate additional $9.3 billion in revenue, spanning across IT services, business process management engineering services: Nasscom

Domestic finished steel consumption grows 13% to 136 MT in FY24: Govt data

The production of crude steel was 37 MT during the quarter, 12.1% more than 33 MT in the year-ago quarter