Page 524 - Industry News
Up in arms: Feracrylum mandate not gelling with automobile companies
The gel, known as Feracrylum, is used to halt bleeding from burns and wounds. However, it is produced by a single company, Themis Medicare
 "Up in arms: Feracrylum mandate not gelling with automobile companies")
Adani Group may shift grounded planes to smaller airports for parking space
MoCA informed Lok Sabha last year that 164 aircraft were grounded across 15 airports
 "Adani Group may shift grounded planes to smaller airports for parking space")
Industry not in sync with K'taka IT union's demands to end labour exemption
KITU, the only registered union of IT/ITeS sector employees in Karnataka, which has a membership of more than ten thousand, demanded the government not renew the exemption anymore
 "Industry not in sync with K'taka IT union's demands to end labour exemption")
India has robust regulatory framework for seafood units: Commerce min
The statement comes in the backdrop of some reports alleging food safety and bad labour conditions in the Indian shrimp industry
 "India has robust regulatory framework for seafood units: Commerce min")
Govt extends export ban on onion to increase domestic availability
'Export prohibition on export of onions valid till 31st March 2024, is extended until further orders,' the Directorate General of Foreign Trade (DGFT) has said in a notification dated March 22
 "Govt extends export ban on onion to increase domestic availability")
Russia's oil-exporting machine finally getting snarled by sanctions
State-run Sovcomflot transported about a fifth of all Russia's crude deliveries to India last year
 "Russia's oil-exporting machine finally getting snarled by sanctions")
Office space demand to rise 35% in 6 cities; double in Hyderabad: Colliers
Office space demand across six major cities continues to be strong, with gross leasing of workspaces set to rise 35 per cent annually in the January-March quarter, according to Colliers India.
 "Office space demand to rise 35% in 6 cities; double in Hyderabad: Colliers")
India-US successfully resolve all seven pending WTO disputes bilaterally
The resolution of all the disputes is not only a sign of strengthening economic ties between both nations, but also showcases India's new approach to trade issues
 "India-US successfully resolve all seven pending WTO disputes bilaterally")
India-US successfully resolve all seven pending WTO disputes bilaterally
The resolution of all the disputes is not only a sign of strengthening economic ties between both nations, but also showcases India's new approach to trade issues
IRDAI approves Bima Sugam, 7 other regulations in 125th board meet
The board of the insurance regulator approved the 'Bima Sugam' platform where the policyholders can compare premiums and purchase a wide array of insurance products
 "IRDAI approves Bima Sugam, 7 other regulations in 125th board meet")
India may glide to third spot in airline seat capacity in second quarter
India's projected airline seat capacity in Q2 of 2024 is far higher than that of Japan, Spain, UK, Italy, Germany, Indonesia and Turkey
 "India may glide to third spot in airline seat capacity in second quarter")
Ghosts who act: Rise of creepy, but lucrative digital afterlife industry
It may soon be possible to have digital replicas of Madhubala and Dilip Kumar star in a 2025 movie. This may be creepy, but also lucrative
 "Ghosts who act: Rise of creepy, but lucrative digital afterlife industry")
71 Indian companies on FT's Asia Pacific top 500 high-growth list
Indian companies top the list, with Zypp Electric at number one and BigHaat at number two
 "71 Indian companies on FT's Asia Pacific top 500 high-growth list")
Green energy firms get Supreme Court nod to use area around GIB habitat
The SC, in April 2021, said the priority habitat area of GIB will remain out of bounds for any construction.
 "Green energy firms get Supreme Court nod to use area around GIB habitat")
DGCA imposes Rs 80 lakh penalty on Air India for violating FDTL rules
On Friday, the regulator stated it conducted an audit of Air India in January to check compliance with regulations related to FDTL and the fatigue management system (FMS)
 "DGCA imposes Rs 80 lakh penalty on Air India for violating FDTL rules")
Looking at setting targets on offshore mineral mining: Mines secretary
"In Africa, we are exploring opportunities in Zambia, Namibia, Congo, Ghana, and Mozambique for critical minerals," the secretary said, adding that they are engaging with Australia for lithium blocks
 "Looking at setting targets on offshore mineral mining: Mines secretary")
Residential buyers willing to pay 5-10% more for green buildings: Report
Among corporate occupiers, over 85 per cent already lease green office spaces, motivated by energy savings and sustainability targets
 "Residential buyers willing to pay 5-10% more for green buildings: Report")
Wipro promotes 31 staff to senior roles after top-level exodus: Report
The promotions, seen by industry watchers as a move to stem senior-level attrition, came after a series of high-profile exits at the country's No.4 software services exporter
 "Wipro promotes 31 staff to senior roles after top-level exodus: Report")
Indian refiners refuse to take Russian oil delivered on Sovcomflot tankers
Private and state-run processors including the biggest - Indian Oil Corp. - have stopped taking cargoes if they're on Sovcomflot tankers
 "Indian refiners refuse to take Russian oil delivered on Sovcomflot tankers")
Indian Premier League's return to kickstart two-month spending boom
The IPL ecosystem was valued at Rs 92,500 crore ($11 billion) in 2023, including the value of media rights and sponsorships, according to Indian valuation consulting firm D&P Advisory
 "Indian Premier League's return to kickstart two-month spending boom")