Page 512 - Industry News
Lapataganj of dropped govt and private sector projects hits a high
The previous high of projects for which there is no information was in March 2019, an election year
 "Lapataganj of dropped govt and private sector projects hits a high")
No proposal to resume subsidised rice sale for ethanol production: Official
The rice sale for ethanol makers was discontinued for various reasons, including apprehensions about domestic output and high retail prices
 "No proposal to resume subsidised rice sale for ethanol production: Official")
Indian talent in IT sector crucial to bringing jobs to India: Anurag Thakur
Hailing the Narendra Modi-led government, Thakur said MODI stands for "Master of Digital Information" and also maker of developed India - Viksit Bharat
 "Indian talent in IT sector crucial to bringing jobs to India: Anurag Thakur")
India has given over $1 bn to private firms under PLI scheme: Official
The 1.97-trillion-rupee ($24 billion) production-linked incentive scheme (PLI) is India's key industrial policy and covers 14 sectors ranging from electronic products to drones
 "India has given over $1 bn to private firms under PLI scheme: Official")
From RIL to Adani Power, top firms see cessation of independent directors
Industry experts said many companies have already onboarded new independent directors or are in the process of doing so
 "From RIL to Adani Power, top firms see cessation of independent directors")
India not asked to reduce its imports of Russian crude oil, says US
According to estimates by the London-based commodity data analytics provider Vortexa, which tracks ship movements to gauge imports
 "India not asked to reduce its imports of Russian crude oil, says US")
Taiwan's earthquake economic fallout to be minimal, say analysts
The 7.2-magnitude earthquake struck Taiwan's eastern coast near Hualien County on Wednesday morning, reportedly killing nine people and injuring more than 1,000
 "Taiwan's earthquake economic fallout to be minimal, say analysts")
Hot sales ahead: Summer to fire up sales of ACs, beer and sunscreen
Epack Durable, which manufactures air conditioners for durable companies like Voltas, Haier etc., expects a growth rate of more than 15 per cent this year, if the heatwave persists beyond May
 "Hot sales ahead: Summer to fire up sales of ACs, beer and sunscreen")
FMCG companies to face Q4 volume pressure amid sluggish rural demand
Analysts say rural demand stagnates while urban areas drive low to mid-single-digit volume growth, posing challenges for the sector
 "FMCG companies to face Q4 volume pressure amid sluggish rural demand")
Top 4 cement firms on capacity expansion spree, plan to add 42 mtpa in FY25
The top four combined are expected to increase their share in total capacity to 54 per cent by FY26, from 48 per cent in FY23
 "Top 4 cement firms on capacity expansion spree, plan to add 42 mtpa in FY25")
Industry bats for Rajasthan govt support to scale up destination weddings
According to Bhavani Shankar Mali, general secretary, All Wedding Industries Federation, Rajasthan, the state hosts 1.5-2 million marriages every year on average
 "Industry bats for Rajasthan govt support to scale up destination weddings")
RBI, NPCI officials discuss remittance cost analysis with WTO members
The remittance costs are about 6.18 per cent globally which is well above the United Nation's target of 3 per cent
 "RBI, NPCI officials discuss remittance cost analysis with WTO members")
Uttar Pradesh govt buys 5,500 million power units to brace for deficit
Power banking is a bilateral arrangement between two power utilities/states to trade energy to match their respective seasonal variations of surplus-deficit matrix
 "Uttar Pradesh govt buys 5,500 million power units to brace for deficit")
Govt pulls all stops to ensure smooth power supply this summer: R K Singh
He said, "We are mobilising our entire capacity whether it is thermal, hydro, renewable or gas-based. So I think we will meet the demand"
 "Govt pulls all stops to ensure smooth power supply this summer: R K Singh")
Trai begins consultation on pricing, terms for new spectrum bands
Trai, in the consultation paper, has sought industry's opinion on various nuances of the auction of spectrum in these new bands
 "Trai begins consultation on pricing, terms for new spectrum bands")
Over half of GCCs in India 'actively' adopting ESG agenda: Report
70% 'actively looking' for technology collaborations to implement ESG norms, says EY
 "Over half of GCCs in India 'actively' adopting ESG agenda: Report")
Pilots raise burnout concerns as Vistara tries to resolve flight crisis
Vistara Airlines, soon to merge with Air India, hoped to run flights on normal schedule by the weekend after town hall with pilots
 "Pilots raise burnout concerns as Vistara tries to resolve flight crisis")
Homes priced above Rs 1 cr corner highest share ever in total sales: Report
Those priced below Rs 50 lakh record dip in sales in January-March quarter: Knight Frank
 "Homes priced above Rs 1 cr corner highest share ever in total sales: Report")
Senior-level roles to see average 20% pay hike on bright economic sentiment
Additionally, there's a notable surge in the need for professionals skilled in data analytics, generative AI, and machine learning across various sectors
 "Senior-level roles to see average 20% pay hike on bright economic sentiment")
Tata group's Vistara could cut flights amid pilot shortage: Report
The cancellations and delays forced India's civil aviation ministry to intervene and monitor the situation, while the aviation regulator has sought daily information on flight disruptions
 "Tata group's Vistara could cut flights amid pilot shortage: Report")