Page 510 - Industry News

After Bitcoin surge, crypto venture capital creeps toward comeback: Report

VC investment in crypto startups reached $2.5 billion during the first quarter of 2024, a 32% increase from the last quarter and roughly even with the same period last year

Over 30 million jobs created in real estate sector in 10 years: Report

India's top seven primary residential markets witnessed a combined housing supply of 29.32 lakh units and sale of 28.27 lakh units between 2014 and 2023

Dining delights to home delicacies, restaurants get into gourmet retail

From delectable pastes to artisanal blends, savoury chips to ice-creams, culinary treats crafted by in-house chefs are hitting the shelves

India's February silver imports hit record, set to rise by 66% this year

India's imports could rise to 6,000 tons in 2024, from last year's 3,625 tons, driven by robust demand from the fabrication and solar industries

2024 wheat output seen at 105 mn metric tonnes, 6.25% below govt estimates

Wheat inventories in government warehouses fell to 9.7 million metric tons at the start of March, the lowest since 2017

Indian coffee exports surge 13.35% to 125,000 tonnes in Jan-Mar, shows data

India, Asia's third-largest producer and exporter, grows Arabica and Robusta varieties of coffee

Sub-metre optical satellite assembled in India deployed into space: TASL

SpaceX's Falcon 9 rocket launched TSAT-1A satellite from the Kennedy Space Center, Florida, in the US on Sunday (April 7), Tata Advanced Systems Limited (TASL) said in a statement

Number of telecom subscribers up marginally to 1.197 bn in Feb: Trai

The urban telephone subscription increased to 66.37 crore while rural subscription increased to 53.13 crore with a sequential growth rate of 0.40 per cent and 0.34 per cent, respectively

India becomes net importer of finished steel in FY23-24, shows govt data

The world's second-biggest crude steel producer remains a bright spot globally with robust demand from its construction and automotive sectors

Realme eyes top spot in Rs 15-25k segment with launch of P series in 2024

The company plans to launch the P series in the second week of April in sub-Rs 20,000 price range

High on SUVs: India records all-time high passenger vehicle sales in FY24

2023-24 also witnessed a high demand for sports utility vehicles (SUVs), which, for the first time in India, now hold a market share of 50 per cent in total PV sales

Vistara cuts 10% daily flights in April to stabilise its operations

The cancellations mainly impact the airline's domestic flights and were planned in advance to minimise customer inconvenience

AI can drive efficiency, raises mkt concentration concerns: CCI chief Kaur

"The rise of AI and Machine Learning (ML) presents both opportunities and challenges in the context of competition law

Vital signs of change: AI now lifeblood of India's hospital chains

All the major healthcare chains like Apollo Hospitals, Manipal Healthcare, and Aster DM Healthcare, among others, are using AI in prediction, prevention, diagnosis, and personalized management

Sequential recovery to neutralise chemical companies' sales slump

Alchemy of revival: Early recovery catalysts blend with stable prices and eased supplier tensions

'Social commerce set for growth, concern of authenticity looms large'

It is a scalable long-term business channel, the internet and social media is here to stay and this will too, said Divija Bhasin, founder of a mental health organisation and silver-jewellery business

Coworking firms take on lease 3.1 mn sq ft office space in Jan-Mar: CBRE

Co-working firms had taken on lease 29 lakh square feet of office spaces from property owners in the year-ago period

FMCG industry expects improving macro-indicators to drive consumer demand

Consumer demand for FMCG (fast-moving consumer goods) remained sluggish amid a subdued operating condition in the March quarter

Entry-level coders must specialise to minimise risk of job loss: Experts

India has seen 15-20% drop in entry-level tech jobs, potentially linked to AI automation

Singh warns of debt trap for using borrowed money to give free electricity

However, states with already high debt are resorting to such populist measures, forcing them to borrow more to pay generating utilities, resulting in a debt trap