Page 505 - Industry News
DoT to seek Trai's view on satcom spectrum allocation, licensing process
Bharti Group-backed OneWeb and Reliance Group Jio Satcom have been issued GMPCS (satellite telephony) and VSAT licence for the services
 "DoT to seek Trai's view on satcom spectrum allocation, licensing process")
Real estate Q4 preview signals strong foundations despite presales dip
Anarock highlighted that listed cos like Prestige Estates, DLF, Godrej Properties, Sobha, Oberoi Realty have been on a land-buying spree since pandemic amid significant demand for their properties
 "Real estate Q4 preview signals strong foundations despite presales dip")
Share of affordable homes, priced up to Rs 45L, shrinks to 22% in Jan-Mar
The share of homes, priced Rs 25-45 lakh each, was 17 per cent during January-March 2024 as against 23 per cent share in the corresponding period of the previous year
 "Share of affordable homes, priced up to Rs 45L, shrinks to 22% in Jan-Mar")
Automobile exports from India dip 5.5% in FY24 due to monetary crisis
The last fiscal saw a sizeable drop in commercial vehicle, two-wheeler and three-wheeler shipments, although passenger vehicles grew marginally
 "Automobile exports from India dip 5.5% in FY24 due to monetary crisis")
Commercial AC market has significant growth potential, says CEAMA president
When asked about the room air-conditioner segment, Vachani said he also anticipates a "steady growth" for the segment
 "Commercial AC market has significant growth potential, says CEAMA president")
India adds record 18 GW renewable energy capacity in FY24, shows data
However, industry experts said there is a need to add at least 50 GW of renewable energy capacity annually for the next six years to meet the ambitious target of 500 GW of renewables by 2030
 "India adds record 18 GW renewable energy capacity in FY24, shows data")
LS polls: Demand for pvt jets up to 40%; operators to rake in more profit
Generally, political parties use helicopters for their candidates and leaders to reach places in a shorter time, especially remote areas
 "LS polls: Demand for pvt jets up to 40%; operators to rake in more profit")
Efforts on to develop cross-border insolvency framework, say experts
Former NCLAT (National Company Law Appellate Tribunal) Chairperson S J Mukhopadhaya emphasised the importance of having a robust cross-border insolvency framework in the country
 "Efforts on to develop cross-border insolvency framework, say experts")
Remove Bournvita from health drinks category: Govt tells e-commerce sites
The food safety regulator had iterated that 'energy drinks' is permitted to be used for carbonated and non-carbonated water-based flavoured drinks
 "Remove Bournvita from health drinks category: Govt tells e-commerce sites")
No Malayalam film will be given to PVR-owned screen or theatre: FEFKA
Unnikrishnan said that there was an ongoing dispute between PVR and the film producer's association on the issue of virtual print fee (VPF) charged by the multiplex company
 "No Malayalam film will be given to PVR-owned screen or theatre: FEFKA")
Foreign funds avoid real estate; invest only $11 mn in Jan-Mar: Vestian
Domestic investors pumped in $ 541.1 million in the Indian real estate in January-March 2025, up 21 per cent from 446.9 million in the year-ago period
 "Foreign funds avoid real estate; invest only $11 mn in Jan-Mar: Vestian")
T-shirts, masks, banners: Poll paraphernalia misses on-ground excitement
Centralised operations, focus on digital campaigns hit traditional election business
 "T-shirts, masks, banners: Poll paraphernalia misses on-ground excitement")
Indian real estate to be worth $1.5 trn by 2034 as demand soars: Report
GDP could reach $10.3 trn in 10 years, creating demand for offices and housing for all economic sections
Hotel bookings, airfares on strong wicket as IPL fever catches on
According to Thomas Cook India, online searches for travel during the IPL months are up 25 per cent when compared to last year
 "Hotel bookings, airfares on strong wicket as IPL fever catches on")
Two wheeler, three wheeler and CV exports skid in FY24 on global woes
India exported 3.458 million units of two-wheelers in financial year 2024, which was 5.3 per cent fewer Y-o-Y
 "Two wheeler, three wheeler and CV exports skid in FY24 on global woes")
Revolut gets RBI nod to issue Prepaid Payment Instruments in India
This enables it to operate as a domestic player in the market, the global fintech firm said in a statement
 "Revolut gets RBI nod to issue Prepaid Payment Instruments in India")
Govt sets coal production target of producing 170 million tonnes for FY25
In FY24, captive and commercial coal blocks produced 147.12 million tonnes (MT) of dry fuel, 26 per cent higher from 116 MT produced in FY23
 "Govt sets coal production target of producing 170 million tonnes for FY25")
Allow only Indian entities to participate in regulatory sandbox, says Trai
The Telecommunications Act, 2023, has introduced the provision of setting up multiple regulatory sandboxes
 "Allow only Indian entities to participate in regulatory sandbox, says Trai")
'India commands over 50% of Global Capability Centres, retains top spot'
The study also revealed that nearly 80 per cent of GCCs were directing their focus on Artificial Intelligence, Machine Learning, and Data Analytics
 "'India commands over 50% of Global Capability Centres, retains top spot'")
Proposed SEZ amendment bill may figure in next govt's 100-day agenda
The seven-phase Lok Sabha polls, the world's biggest election exercise, will kick off on April 19 with the counting of votes set to take place on June 4
 "Proposed SEZ amendment bill may figure in next govt's 100-day agenda")