Page 536 - Industry News

Nasscom urges Karnataka govt to review the uniform taxi fare rules

Government of Karnataka, revised the fare structure applicable to taxis (both mobile application (app)-based and non-app-based city taxis)

Cognizant CEO Ravi Kumar S joins USISPF as member of board of directors

In an era of a digital-first economy and digital trade, Cognizant's work through the years exemplifies the burgeoning collaboration in the US-India technology partnership success story, he said

Nabard estimates Rs 3.62 trn priority sector credit potential for FY25

This projection reflects a remarkable 32 per cent rise from its previous year's assessment, a bank official said Tuesday

India sugar crop woes create opportunity for Dubai's Al Khaleej refinery

Al Ghurair said India had stopped exporting because of bad weather and this had created more demand, at least temporarily

Heavy industries ministry weighs reduction of GST on flex fuel vehicles

Flex fuel is an alternative fuel made of a combination of petrol and methanol or ethanol. FFVs come equipped with internal combustion engines designed to run on more than one type of fuel

Securitisation of loans by SFBs to cross Rs 10,000 cr in FY2024: ICRA

'The market share of SFBs in the securitisation market would accordingly touch a peak of 6 per cent in FY2024 from levels of sub-2 per cent prior to FY2022,' it said

Govt extends mandate for utilities to import 6% of coal needs until June

India last year had asked utilities to import 6% of their coal requirements until March due to an unprecedented surge in power and coal demand

M&E to cross Rs 3 trn in 2026, digital media to top TV this year: Ficci

The report estimates digital media would be around Rs 95,500 crore in 2026, with a CAGR growth of 13.5 per cent between 2023-26

India's coal output reaches 881 MT in Apr-Feb, likely to hit target

India produced 880.72 million tonne (MT) of coal in April-February this fiscal and is now just 119.28 MT away from its 1 billion tonne coal production target for FY24

Govt extends mandate for power producers to import 6% of coal needs

Coal accounts for about 75% of India's power generation, with coal-fired plants accounting for more than three quarters of India's use of the polluting fuel

Despite high prices, more Indians want to buy a 3 BHK home: FICCI-Anarock

This is despite the fact that 55% of Indians believe their disposable income had been 'majorly' impacted by inflation

Boeing, AIESL to jointly boost aircraft maintenance training activities

AIESL CEO Sharad Agarwal said the tie up with Boeing will go a long way in supporting industry requirements

Private Indian firms look to bet big on coal-fired power after long absence

The potential investments, which have not been previously reported, could cumulatively cost billions of dollars and demonstrate renewed appetite in an industry seen by many as financially unattractive

Biz integrity critical to ensuring investor confidence: NCLAT Chairperson

If the financial position is not presented fairly, he said that raising money from institutions and investors becomes difficult

Reliance-Disney merger likely to capture 50% of India's streaming market

Last month, Reliance agreed to acquire Disney's India business, creating an $8.5 billion media giant ranging from film and television production to news and sports content.

Govt's AI advisory only for large platforms, not for startups: MeitY

Union minister Rajeev Chandrasekhar said that the advisory was aimed at preventing untested AI platforms from deploying on the Indian internet

WBPDCL not debarred illegally to participate in auctions: Coal Ministry

"An article has been published in a section of media alleging that the Union Government illegally barred West Bengal from coal auctions, benefiting a corporate

DoT's new CHAKSU portal to allow citizens to report fraudulent calls

A new Digital Intelligence Portal will help banks, agencies and telecom operators to share data on suspected fraud

Odisha approves 22 industrial projects worth investment of Rs 4,000 crore

The projects after proper implementation are likely generate 25,525 jobs in 12 districts, officials said

'Two-thirds of greenfield units under PLI for bulk drugs completed'

Union Minister of Chemical and Fertilisers Mansukh Mandaviya on Saturday inaugurated 40 greenfield facilities to manufacture bulk drugs and medical devices under the PLI scheme