Page 506 - Industry News
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")
Industry body TAI seeks release of 'pending' subsidies by Tea Board
Disbursing the dues would have made a huge difference to the fortunes of the tea companies concerned, which had undertaken such activities, the industry body added
90% of GCCs plan to harness AI, ML in 2-3 years, says ANSR report
Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services
 "90% of GCCs plan to harness AI, ML in 2-3 years, says ANSR report")
Domestic air passenger traffic likely touched 154 mn in 2023-24: Icra
For FY24, it said domestic air passenger traffic is estimated at around 154 million, an Year-on-Year (YoY) growth of about 13 per cent
 "Domestic air passenger traffic likely touched 154 mn in 2023-24: Icra")
Centre mulls allowing excess stock of B-heavy molasses for ethanol making
Currently, sugar mills are holding an excess stock of more than 8 lakh tonnes of B-heavy molasses -- a byproduct of the sweetener -- produced before the ban on its use on December 7, last year
 "Centre mulls allowing excess stock of B-heavy molasses for ethanol making")
Indian tech earnings may indicate worst is over for showpiece sector
Executives from TCS and Infosys told investors after third-quarter earnings that the market had stabilized and clients were spending on AI-driven projects and software services
 "Indian tech earnings may indicate worst is over for showpiece sector")
Troubles for Indian IT firms linger as clients tighten their budgets
Accenture Plc lowered its revenue outlook last month, citing a pullback in software spending by Wall Street firms, which are among the Indian companies' biggest clients
 "Troubles for Indian IT firms linger as clients tighten their budgets")
Crude realisation: Oil's slick grip threatens corporate margins, profits
In the past a rise in crude oil prices has resulted in lower corporate margins and profits
 "Crude realisation: Oil's slick grip threatens corporate margins, profits")
Result preview: Analysts note 'unusual' quarter for cement sector
Expect healthy year-on-year growth in margins in Q4, but sequential decline
 "Result preview: Analysts note 'unusual' quarter for cement sector")
Digi Yatra with modifications to be rolled at 14 more airports in April
Based on Facial Recognition Technology (FRT), Digi Yatra provides for contactless, seamless movement of passengers at various check points at airports and currently, there are nearly 5 million users
 "Digi Yatra with modifications to be rolled at 14 more airports in April")
Heat maps, virtual assistants: Malls ramp up AI use to track business
Technology helps them in knowing footfall and where visitors are flocking to
 "Heat maps, virtual assistants: Malls ramp up AI use to track business")
Brent crude hovers around $90 a barrel as inflation concerns persist
Brent crude futures were down 44 cents to $90.04 a barrel at 1321 GMT, while US West Texas Intermediate crude futures lost 58 cents to $85.63 a barrel
 "Brent crude hovers around $90 a barrel as inflation concerns persist")
IT firms bracing for muted show amid weak global macros, tight spends
While discretionary spends continue to be under pressure, there is no meaningful change in industry spending patterns
 "IT firms bracing for muted show amid weak global macros, tight spends")
Comm ministry may seek extension of interest equalisation for exporters
According to a statement of the commerce ministry, the banks that lend to exporters at an average rate of more than Repo +4 per cent would be debarred under the scheme
 "Comm ministry may seek extension of interest equalisation for exporters")
Generative AI boom will be built on AWS, says Amazon CEO Andy Jassy
Jassy has focused the company's investments on a few big initiatives such as building data centers to help fuel the artificial intelligence boom
 "Generative AI boom will be built on AWS, says Amazon CEO Andy Jassy")
Cola, beverage, ice cream makers expect surge in sales as temperature soars
The India Meteorological Department (IMD) has predicted prolonged heat waves this summer, especially between April and June
 "Cola, beverage, ice cream makers expect surge in sales as temperature soars")
SAIL-Bhilai supplies over 7,300 tonnes steel for Sela tunnel project
The total volume of steel supplied by SAIL for the project is 24,216 tonnes
 "SAIL-Bhilai supplies over 7,300 tonnes steel for Sela tunnel project")
Telecom tariff hike imminent, expect 15-17% rise after elections: Report
"We expect Bharti's subscriber base to grow at about two per cent per annum, against the industry growth of one per cent per annum," it said
 "Telecom tariff hike imminent, expect 15-17% rise after elections: Report")
Govt extends implementation of special registration for gutkha firms
The CBIC, through a notification, extended the date of implementation of this special procedure by 45 days till May 15
 "Govt extends implementation of special registration for gutkha firms")
India doubled new coal power capacity in 2023: Global Energy Monitor
The survey also revealed a substantial increase in coal power proposals in India, with both public and private sectors proposing 11.4 GW of new capacity
 "India doubled new coal power capacity in 2023: Global Energy Monitor")