Page 532 - Industry News

Discoms' power cost, debt rose with rising demand in FY23: Govt report

The report said higher debt raised in a high-interest rate environment pushed up the average interest rates

Spectrum auction: All eyes on Airtel, may spend Rs 3,800 cr, analysts say

Bidding intensity to be low as Jio, Airtel still have spare network capacity for 5G

Govt revamps pharma scheme, to provide financial assistance to drug cos

Financial support for drug companies also comes against the backdrop of deaths being reported abroad due to the manufacture of substandard drugs linked to Indian companies

India, EFTA trade pact will push growth of domestic wine industry: CIABC

As per the documents of the agreement, duty concessions on wine are similar to those given to Australia, with no concessions for wines costing less than $5

Govt can withdraw duty concessions if EFTA doesn't invest $100 billion

There is a three-stage government-to-government consultation process prescribed in the document for resolution of differences raised in relation to the obligations

Wockhardt announces success of antibiotic to treat drug-resistant infection

Doctors used Zidebactam/Cefepime to treat a highly drug-resistant skull bone infection and pneumonia in a renal transplant patient

Over 40% cab drivers, delivery persons face violence at work: Survey

Several companies offer discount and provide the order for free if the delivery is not made within 10 minutes of placing the order

Exporters body FIEO unanimously elects Ashwani Kumar as new President

The Federation of Indian Export Organisations (FIEO) said that Kumar was elected as president unanimously. He has replaced A Sakthivel

Govt revamps pharma scheme, entails financial assistance to drug cos

The revamped scheme also introduces more flexible financing options, emphasising subsidies on reimbursement basis, over traditional credit-linked approach

Airlines expected to report lower loss of Rs 3,000-4,000 cr: Report

For February, credit rating agency ICRA in its report said domestic air passenger traffic was estimated at around 127.5 lakh

CIL, Vedanta, Adani eye lithium mining rights in Chhattisgarh's Korba

In February 2023, the Geological Survey of India (GSI) discovered lithium in the Katghora tehsil of Korba district

PLI schemes will get India get investments in chip manufacturing: US

Visiting US Assistant Secretary for Commerce calls for ecosystem that encourages startups in both countries to collaborate

Dwarka Expressway: Despite higher supply, realty prices to be in fast lane

The real estate developers and consultancies are of the view that despite a higher supply in the region, demand is likely to continue pushing realty prices up in coming years

AG&P Pratham, Think Gas Distribution to begin $1.1 billion merger

The I-Squared Capital-backed city gas distribution companies received approval for the merger from the European Commission in February and aims to enhance efficiency and up market competitiveness

India will not tailor its policies to suit US EV maker Tesla: Piyush Goyal

EV maker as also other global players welcome in India, says Goyal

Beverage, air conditioner sales may jump up to 40% as mercury surges

Another factor which plays well for cold beverage majors is the onset of Ramadan and elections which typically causes consumption to pick-up

Rs 2.5 trn smart metering play has Adani, Tatas walking different paths

Installation of 25 crore meters is estimated to offer Rs 2.5 trillion revenue opportunity

Results of 9th round of coal auctions may be announced within two weeks

As many as 32 coal mines were put into action in the 9th round

Mobile phone manufacturing jumps 21 times to Rs 4.1 trn in 10 yrs: ICEA

India now produces 97 per cent of its total mobile phone demand locally and 30 per cent of the total production in financial year 2024 is meant for export, industry body ICEA said

Govt banks on coal to power nation in summer; peak demand may cross 265 Gw

The government is expecting a major share of the load to fall on coal-based power to meet demand and is boosting coal supply at all ends