Page 521 - Industry News

CCI conducting enquiries against some fintech entities: Ravneet Kaur

With a slew of amended regulations, key rulings against anti-competitive practices in the digital market and advocacy efforts, the CCI is strengthening its efforts to curb unfair business ways

Indian gaming market revenue may double to $6 billion by 2028: Report

'Mobile gaming contributes to 90 per cent of the gaming market in India as compared to around 37 per cent and about 62 per cent in the US and China, respectively,' the report said

Microlending portfolio grows 31% to Rs 4.02 trillion in Dec quarter: Report

From an asset quality perspective, the loans that are not serviced for over 30 days were stable at 2 per cent, while the same for over 90 days was also stable at 0.9 per cent

DGFT notifies policy for general authorisation for export of SCOMET goods

A detailed procedure for these authorisations has also been notified by the Directorate General of Foreign Trade (DGFT)

Top 20% of Urban Company partners earn 50% more than entry-level IT jobs

According to the latest NCAER report published in August 2023, gig workers on food delivery platforms earn an average of Rs 13,581 monthly net of all costs, after an active long-shift

Oil prices fell for second day on Wednesday on surging U.S. stockpiles

OPEC+ this month agreed to extend output cuts of about 2.2 million barrels per day (bpd) to the end of June, though Russia and Iraq have had to go to extra lengths to tackle over-production

'Public investment of 2% of GDP can create 11 mn jobs, majority for women'

In India, care service subsidies and incentives are typically offered through government schemes like Mission Shakti, focusing on women's safety, security, and empowerment

DPIIT to engage with research firm to prepare logistics report for 3 yrs

The DPIIT has floated a request for proposal for the appointment of consultant for ranking of states on the basis of their logistics efficiency (LEADS report for 2024, 2025, and 2026)

NBCC sells 480,000 sq ft commercial space in South Delhi for Rs 1,905 crore

Out of the total area sold, around 4.38 lakh square feet having a sale value of about Rs 1,740 crore has been sold to public sector units (PSUs)

69% Indian shoppers prefer deliveries with minimal packaging: Amazon study

Globally since 2015, Amazon has reduced the weight of outbound packaging per shipment by 41 per cent on average and eliminated over 2 million tons of packaging material

Housing sales in Jan-Mar rise 14%, average prices up 10-32%: Anarock

On Wednesday, real estate consultant Anarock released its data for the top seven primary (first sale) residential markets in the country

Pharma firms bank on 'mother brands' to bolster new products: Report

A search conducted by Pharmarack showed that brands of any company, labelled under their mother brands, were observed to enjoy greater market share among their peers

India's growth should be led by labour-intensive manufacturing: ILO

The report calls for primacy to be given to labour-intensive manufacturing employment to absorb the abundant unskilled labour along with the emerging employment-generating modern manufacturing

'Rice exports at risk as exporters get huge tax demand notice from cutoms'

Exporters don't have the financial muscle to pay the duty difference for nearly two years; instead, they would close the business, said an exporter based in southern state of Andhra Pradesh

5G speeds up, gender gap in mobile money awareness still loading: Report

Conversely, awareness among adult Indian men with phones increased from 41 per cent in 2022 to 52 per cent in 2023

Irdai retains surrender value norms, positive for life insurers: Analysts

Insurance industry leaders believed that higher surrender values could lead to the premature exit of policyholders from long-term insurance policies

CY24 trend so far: Two unicorns, but funding to startups down 29%

India 4th-largest recipient of funding

Slippery road: India's clean energy drive faces a tricky patch of taxation

The elephant in the room is Rs 7.5 trillion a year in revenues to the exchequer

DGCA defers June 1 deadline for new pilot rest norms; airlines relieved

The regulator on Tue said airlines can continue to comply with the old FDTL norms, issued in 2019, 'till approval of their respective scheme in compliance with this CAR (civil aviation requirement)'

Advertising body ties up with CCPA to tighten regulation on misleading ads

The CCPA has requested ASCI to forward any advertisement that is non-compliant with the ASCI Code and could potentially violate the Consumer Protection Act, 2019