Page 513 - Industry News

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

NFTs lag amid crypto surge: Hope to revive interest lies in tokenisation?

Cryptocurrency and NFTs, connected through blockchain, once scaled their peaks hand in hand

Tech hiring stuck in slow lane leaving engineering talent in quandary

Engineering institutes are feeling the impact of macro uncertainty and past over-hiring, as evidenced by the decrease in campus placements

Retail, food and education top tech layoffs list so far in 2024, shows data

Numbers so far this year are lower than in 2023

India to build first commercial crude oil storage to shore up stockpiles

In the tender, ISPRL said the Padur-II will be constructed in a PPP (public-private partnership) model where private parties will design, build, finance, and operate the storage

Vistara cancellations lead to surge in spot airfares by up to 38%

The impact on the Bengaluru-Udaipur route is quite significant because only two daily flights operate between the two cities-one by Vistara and the other by IndiGo

'India aims to increase seafood exports to Rs 1 trillion in next 2 years'

Debunking certain reports of poor working conditions and safety standards, the official said India's 548 seafood units are regularly inspected and monitored by various government agencies

DoT postpones spectrum auction by 17 days to June 6 due to elections

The department has also reduced bank guarantee and guarantee for earnest money deposit, in a move to ease liquidity for the bidders

Ransomware attacks continue to loom large over Indian cyberspace: Kaspersky

Kaspersky claims to have detected over 2 lakh ransomware incidents on businesses in the country in 2023

From Federal Bank to L&T Finance, cos see robust disbursements in Q4 FY24

During the quarter under review, the CASA ratio of the lenders continued to remain under pressure

India aims to produce 100 GW nuclear power by 2047: AEC Chairman Mohanty

Mohanty said a vision document for 'Amrit Kaal' was being prepared by the Department of Atomic Energy which envisages reaching a nuclear capacity of about 100 GW by 2047

Private captive, commercial coal mines cross 140 MT production in FY24

Out of the total production of 147.2 MT, the power sector captive mines produced around 121.3 MT, captive mines of the non-power sector produced 8.4 MT

Power demand hits new peak in Chhattisgarh as mercury marches north

The weather office predicted that the northward march of mercury would continue and was likely to cross 40 degrees Celsius in the first week of April

Big Four accounting firms escalate hiring of techies amid digital focus

Areas such as AI, cloud computing, data analytics and cybersecurity see 'significant hiring'

Captive, commercial coal blocks output surged 27% to 147 MT in FY24: Joshi

The production from power sector captive mines in FY24 rose 19 per cent as compared to the previous year. In non-power captive mines, the production growth was 63 per cent year-on-year

Govt waives duty on export of 1,000 tonnes of non-basmati kalanamak rice

The duty on overseas shipments of Kalanamak rice was 20 per cent

Domestic and international air traffic cross pre-pandemic peak in FY24

International air traffic in India saw faster growth than domestic air traffic in 2023-24

DGCA asks Vistara to provide information about flight cancellations, delays

Airline asked to comply with regulations on assisting passengers affected due to cancellations or delays

Strong signals: Mobile phone output tops Rs 4.1 trillion in FY24

Industry experts attribute the increase in the average sale price of a phone to customers' shift towards premiumisation, bolstered by the growing adoption of 5G phones

Results preview: IT firms may report muted Q4 growth, eyes on FY25 guidance

January-March quarter, is considered to be a soft quarter, and will continue to see the headwinds that the sector has been facing. And the sector will enter the new financial year on a weak footing