Page 517 - Industry News

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

India's hydropower output records steepest fall in nearly four decades

Renewables accounted for 11.7% of India's power output in the year that ended in March, down from 11.8% a year earlier

Complexities and charm: What it takes to sell legacy properties in India

Navigating regulatory hurdles and historic preservation add layers to high-end real estate deals

Hindustan Aeronautics reports highest ever revenue of Rs 29,810 cr in FY24

The company reported that HAL had received fresh manufacturing contracts of Rs 19,000 crore, and repair and overhaul (ROH) contracts of over Rs 16,000 crores during FY24

India had 14th highest median 5G download rates in Q4 2023: Ookla

Jio's 5G network reported a quicker video start time of 1.14 seconds than Airtel's 5G network, which was 1.99 seconds

Should companies keep the public informed about the health of their CEO?

When and how much should CEOs disclose health-related challenges? Do key management personnel have the right to privacy? These questions often crop up

Jio cements market lead with 4.18 mn mobile subscriber addition in Jan

Sunil Mittal-led Bharti Airtel upped its wireless subscriber count by 752,000, taking its mobile tally to 382.4 million in January

AAI to post highest ever pre-tax profit of Rs 5,000 crore in FY24

Airports Authority of India (AAI) is expected to report the highest-ever profit of Rs 5,000 crore in the financial year 2023-24, a senior official said on Monday.

Govt initiates anti-dumping probe into import of chemical from China, Japan

The commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) is probing the alleged dumping of 'Insoluble Sulphur'

AAI planning capex of Rs 30,000 cr in next five years: Jyotiraditya Scindia

AAI Chairman Sanjeev Kumar said the AAI's capex in 2023-24 stood at Rs 5,250 crore. It was a bit higher than the capex of 2022-23, which stood at Rs 5,175 crore

Coal sector grows 11.6% in February, highest growth in core sectors

On a cumulative basis, the index of coal industry increased by 12.1 per cent during April to February 2023-24 over the corresponding period of the previous year

Hiring in healthtech sector to grow 15-20% despite funding slowdown: Report

CIEL HR's 'Health Tech Sector Employment Trends' report is based on data and analysis of 42,166 employees working in 38 leading healthtech organisations operating in India and job postings on portals

'Govt pushing ACC battery storage scheme, budget hiked 6x in few years'

The National Programme on Advanced Chemistry Cell (ACC) battery storage was approved by the Union Cabinet on May 12, 2021 with budgetary outlay of Rs 18,100 crore

Defence exports scaled to 'unprecedented heights', says Rajnath Singh

The Union minister also said that defence exports have reached to level of Rs 21,083 crore in the financial year 2023-24 which is a "spectacular growth" of 32.5 per cent over the previous fiscal

Coal, lignite production hits all-time high of 1 bn tonnes in FY24: Joshi

India's total coal and lignite output was at 937 million tonnes (MT) in the preceding 2022-23 fiscal, as per official figures

Hospitality sector sees $401 mn investment surge in FY23, reports JLL

The hospitality sector has experienced a notable upswing since 2023, witnessing a record number of hotel signings and openings

Need to focus more on security aspects related to air cargo: Home secy

The country's aviation sector is seeing rapid growth and records are likely to be set in 2024. In the years to come, it will be much more, Bhalla said

Aviation body issues rules for deplaning passengers during tarmac delays

Zulfiquar Hasan, Director General of BCAS, said that they have prepared the guidelines and issued to airport operators and airlines