Page 550 - Industry News

From Mangalyaan-2 to Shukrayaan-1, here's what Isro is planning in 2024

After the success of Chandrayaan-3 and Aditya L1 in 2023, Isro has a lot planned in 2024. Here's a look at the upcoming mission

Airlines witness dip in use of freight-carrying capacity in January

Passenger load factor also sees decline after year-end jump

Entertainment leasing nearly triples in last one year in India: CBRE

Malls witnessed higher footfall, and this translated into increased visitors to other entertainment zones like gaming arcades, clubs, etc

FinMin to meet fintech startups next week amid Paytm Payments Bank row

The meetings come in the wake of the Paytm Payments Bank crisis triggered by the Reserve Bank of India ordering the banking unit of digital payments firm Paytm to wind down operations

GenAI likely to add $66-80 billion to financial services GVA by 2030

Around 78 per cent of the respondents surveyed said that they had either implemented GenAI in at least one use case or had plans to pilot it over the next 12 months

Pinaka launchers to missiles, Pune adds to defence industry lineup

Nibe has grown quickly and is seeking a leadership role in organising micro, small and medium enterprises (MSMEs) in the industrial zones around Pune

NIIF commits Rs 207 cr to Amicus for tech-enabled manufacturing, healthcare

NIIF Fund of Funds-I, the first fund under its private markets business (PMF-I), has made the commitment to Amicus Capital Partners India Fund II

Rationalise high excise duties on alcohol beverages: Iswai to state govts

It has urged regulators to consider an "inflation-linked model that will bring much-needed transparency and a consistent approach to state supplier pricing", said a statement from ISWAI

40 bids received via offline mode for coal mines auction, says govt

The ninth tranche of auction was launched for 32 coal mines. The last date for submission of bids was February 19, 2024

'Govt not considering any cuts in import duty on rubber as of now'

We have a differential already maintained for the imports that we are getting vis-a-vis the local production, the official said

KCCI wants PM to address unemployment, ease of doing biz during J-K visit

The Kashmir Chamber of Commerce and Industry (KCCI) highlighted that the lack of infrastructure and support to industry have been a key roadblock in the overall development of the union territory

Hospitality industry expects 11-13% revenue growth on domestic demand

The hospitality industry is expected to clock 11-13 per cent revenue growth in 2024-25 on steady domestic demand and a rise in foreign travellers, a report said on Monday.

High growth rate in Indian digital advertising a thing of the past: Report

On the other hand, the report added that 2024 might be the first year after a gap of 13 years when print advertisement market share will hold steady over 2 years

Tea exports decline by 1.17% to 207.14 mkgs in first 11 months of 2023

The country shipped out 209.60 mkgs of tea during a similar 11-month period of the previous year

Sugar output falls 2.48% to 22.36 mn tonnes till Feb 15 of FY24: ISMA

According to ISMA, sugar production in Maharashtra, Karnataka, Gujarat, and Tamil Nadu remained lower till February 15 of the ongoing marketing year

Air India, Tata Advanced Systems to invest Rs 2,300 crore in Karnataka

Out of the total investment, Air India will invest Rs 1,300 crore to conduct maintenance, repairs, and overhaul of planes at the Bengaluru airport

Incentives for tech, infra needed to develop critical mineral sector: GTRI

At present, India depends on imports, particularly from countries like China, Congo, Chile, Indonesia, South Africa, Argentina, Vietnam, US, Canada and Australia

Competitors Google Pay, PhonePe and BHIM go all out for Paytm user base

Players such as Google Pay, PhonePe, and even banks like HDFC and State Bank of India (SBI) are said to be deploying several thousand 'feet on the street' or salesforce to attract merchants

Two multi-billion dollar semiconductor plants to come up in India: MoS IT

The minister said that the project will be approved in the third term of Prime Minister Narendra Modi if they are not cleared before the upcoming general elections

Collision of 2 IndiGo planes averted in November; AAIB probing incident

The two planes came dangerously close shortly after departing from Delhi airport