Page 514 - Industry News

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

SKM to protest against decision to use corp silos as procurement centres

The group, along with the old-SKM, will also hold demonstrations on Sunday against the decision to declare private silos as wheat procurement centres in Punjab

Fall in other goods freight may put Railways 2030 target off track

Experts say the ministry should target unconventional sectors more aggressively

PowerMin reviews electricity supply situation as summer comes knocking

Thermal stations to defer maintenance, gas-based units might be asked to run mandatorily

Container traffic rises 6.2% at Jawaharlal Nehru Port during FY24

In terms of volume, Jawaharlal Nehru Port handled 85.82 million tonnes of cargo in 2023-24 against 83.86 million tonnes a year ago, a growth of 2.3 per cent, JNPA said

South Indian Bank, Karur Vysya Bank post double digit growth in deposits

The deposits of South Indian Bank grew by 11.21% year-on-year (Y-o-Y) to Rs 1,01,929 crore from Rs 91,651 cr. Meanwhile, the deposits of Karur Vysya Bank rose by 16.28% Y-o-Y to Rs 89,113 cr

FSSAI directs e-commerce FBOs to classify food being sold as health drinks

FSSAI noted instances of food licensed under Proprietary Food with nearest category Dairy-Based Beverage Mix or Cereal-Based Beverage Mix or Malt-Based Beverage being sold under category Health Drink

EV adoption may pose threat to CNG firms dominance in India: Report

Chinese city gas distribution companies have slowed down as the country shifts to electric mobility, said the Prabhudas Lilladher report

Passengers may exit from departure gate; BCAS issues new airport guidelines

The Bureau of Civil Aviation Security (BCAS) has introduced new guidelines in case of flight delays and congestion at airports, ahead of the summer travel season

Trai wants district, state level data to boost quality of telecom services

QoS has remained a priority for the regulator, with Trai Chairperson Anil Kumar Lahoti naming call drops as a key area of his focus after taking charge in January

Digital Competition Bill could negatively impact MSMEs, study finds

'Learn from the experience of the European Union and its experiment with the Digital Markets Act'

Sunflower oil imports hit second-highest level as palm oil retreats

Lower palm oil purchases by India, the world's biggest importer of vegetable oils, could cap the rally in benchmark Malaysian palm oil futures that are trading near their highest in a year

India added 21 GW solar modules, 3 GW cell manufacturing capacity in 2023

India imported 15.6 GW of solar cells in 2023 from 5.8 GW. India's solar cell exports reached 286.3 MW in 2023, up from 10 MW in 2022

Institutional money in real estate down 40% to $995 mn in Jan-Mar: Report

The institutional investments stood at $1,658.3 million in the year-ago period

From clicks to bricks: Proptech startups ride the online home-buying wave

These proptech companies use technologies like AI, big data analytics, machine learning, virtual reality, and blockchain to revolutionise how properties are bought, sold, rented, financed, and managed

DGFT should issue orders on QCO item imports as replenishment under AA

It appears the government intends to give GAEC for exports of SCOMET items only to the parties to whom you have already made some exports

India's hospitality sector saw investments worth $401 mn in 2023: JLL

Sector has been witnessing a surge since 2023, with 25,176 keys signed and 12,647 keys opened, stated the report titled 'Hotel Investment Trends - India 2023'

'Crew unavailability': Vistara cancels 50 flights, several others delayed

The airline has deployed larger aircraft like the B787-9 Dreamliner and A321neo on select routes to merge flights or accommodate more passengers

Centre aims to conclude first round of critical mineral auction within week

The Centre has initiated the auction of 38 critical & strategic minerals to date. The initial tranche included 20 blocks, while the subsequent tranche consisted of 18 blocks