Page 513 - Industry News

US electronics trade: India lags global peers in plugging China gap

Vietnam has been the biggest beneficiary. It saw an incremental increase in electronics exports worth $39.1 billion between 2018 and 2023

Indian pharmaceutical market registers a growth of 9.5% in March 2024

Moving annual turnover of Rs 1.98 tr between April 2023 and March 2024 marked a 6.5% growth, despite a 1% decrease in domestic market volumes

Mobile wallet payments in India to surpass Rs 531 trn in 2028: GlobalData

The value of mobile wallet payments in India, as per a GlobalData report, grew at a CAGR of 72.1 per cent between 2019 and 2023 to reach Rs 202.8 trillion in 2023

Average CEO compensation in India up 40% as compared to pre-Covid: Survey

The number of CEOs earning more than Rs 20 crore has doubled in the last four years

Skill development crucial in setting up efficient logistics: DPIIT

As part of efforts to strengthen India's logistics and infrastructure sectors, the DPIIT, in collaboration with Gati Shakti Vishwavidyalaya (GSV) in Vadodara, Gujarat, organised the workshop

SC bats for SOP for easy access of airports to persons with disability

A bench headed by Chief Justice D Y Chandrachud was hearing a plea filed by a wheelchair-bound woman who had faced difficulties at Kolkata airport on January 30

Personal computer imports from China decline 3% during Nov-Feb 2024

Imports of personal computers into India also declined 55 per cent year-on-year to $1.06 billion from the world during November-February 2024

Indian road logistics industry revenues to grow at 3-6% in FY25: ICRA

ICRA said operating profit margins are expected to remain range-bound at 10.5-12.5 per cent in FY2025 as concerns on cost inflation persist

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