Page 503 - Industry News
After resolving WTO disputes, India opened up mkt for US: Biden admin
"Last June, India and the United States terminated six WTO disputes, and India agreed to remove retaliatory tariffs on several US products," US govt official said
 "After resolving WTO disputes, India opened up mkt for US: Biden admin")
Porting requests at 8-month low; Voda biggest loser among major providers
In Feb 2024, subscribers made nearly 12 mn portability requests, lowest since June 2023
 "Porting requests at 8-month low; Voda biggest loser among major providers")
Insurance, telecom offer multi-year growth opportunity: ITI Mutual Fund
According to the fund house, the weak rural demand may remain a headwind this year
 "Insurance, telecom offer multi-year growth opportunity: ITI Mutual Fund")
Namma Yatri drives into Bengaluru with zero commission cab service
Namma Yatri already has 25,000 cab drivers and aims to onboard over one lakh drivers in the next six months
 "Namma Yatri drives into Bengaluru with zero commission cab service")
LGBTQI, disabled persons feature in below 1% of campaigns: Report
With 45 per cent of advertisements featuring only women, Indian advertising scores over the global average of 25 per cent, but the portrayal of women needs improvement, the report said
 "LGBTQI, disabled persons feature in below 1% of campaigns: Report")
Working towards ambitious deal with India, says UK as FTA talks resume
On Tuesday, UK officials said discussions resume in London this week to "continue talks under Round 14" of the negotiations, which opened in January
 "Working towards ambitious deal with India, says UK as FTA talks resume")
Govt likely to construct 5-8% more roads in 2024-25, says ICRA report
Since Prime Minister Narendra Modi took office in 2014, India built about 90,000 kilometres of national highway, almost double that constructed in previous decade, according to government estimates
 "Govt likely to construct 5-8% more roads in 2024-25, says ICRA report")
Indians would prefer using super app to access digital services: Report
Single app would be 'strategic avenue' for companies to attract subscribers, it says
 "Indians would prefer using super app to access digital services: Report")
Apple's iPhone exports from India almost doubled to $12.1 bn: Report
Apple's iPhone exports from India witnessed a staggering increase from $6.27 billion in the fiscal year 2022-23 to $12.1 billion in 2023-24
 "Apple's iPhone exports from India almost doubled to $12.1 bn: Report")
April sees 7% rise in petrol use, diesel sales fall 9.5% as summers start
Petrol and diesel prices were last month reduced by Rs 2 per litre, ending a nearly two-year-long hiatus in rate revision
 "April sees 7% rise in petrol use, diesel sales fall 9.5% as summers start")
Sugar output remains slightly lower at 31.09 MT till April 15: ISMA
India is a major sugar producing country in the world. Sugar season runs from October to September. Currently, there are curbs on sugar exports for an indefinite period
 "Sugar output remains slightly lower at 31.09 MT till April 15: ISMA")
Road execution in India to grow 5-8% in FY25 to 12,500-13,000 km: ICRA
ICRA noted that road execution was impacted in the first half of FY24 on account of a prolonged monsoon in certain geographies, which affected productive days
 "Road execution in India to grow 5-8% in FY25 to 12,500-13,000 km: ICRA")
Govt looking at differentiated regulated framework for civilian use drones
Civil Aviation Secretary Vumlunmang Vualnam also emphasised that the government will make efforts to promote drones as well as push advanced air mobility
 "Govt looking at differentiated regulated framework for civilian use drones")
Coal fuels India's power demand as growing economy crushes green hopes
Electricity consumption in India is growing at the fastest rate of any major economy, driven by rising temperatures and incomes, which have pushed up sales of power-intensive appliances like ACs
 "Coal fuels India's power demand as growing economy crushes green hopes")
PE deal value in Indian real estate down 30% from 2019-20: Anarock
Anarock report also noted that while the number of deals in FY24 increased to 49 from 48 in FY20, the aggregate deal value has decreased due to a significantly lower average deal size
 "PE deal value in Indian real estate down 30% from 2019-20: Anarock")
Smartphone makers pin hopes on new launches after tepid March quarter
Slowdown in the decline of 2G subscribers hurting smart phone sales
 "Smartphone makers pin hopes on new launches after tepid March quarter")
Domestic air traffic rises 3.7% to 13.3 million passengers in March
In March 2023, domestic air traffic stood at 128.93 lakh and the count stood at 126.48 lakh in February this year
 "Domestic air traffic rises 3.7% to 13.3 million passengers in March")
Result preview: Weak demand may persist for apparel retailers in Q4
Jewellery firms may witness strong growth
 "Result preview: Weak demand may persist for apparel retailers in Q4")
Global companies pick India for their digital services, says Nasscom
Nearshoring is a business practice that involves outsourcing tasks to neighbouring or nearby countries rather than distant offshore locations
 "Global companies pick India for their digital services, says Nasscom")
Shipping industry set for tougher times ahead due to tensions in West Asia
Iran's attack on Israel marks a distinct escalation in hostilities by bringing the two nations into direct conflict
 "Shipping industry set for tougher times ahead due to tensions in West Asia")