Page 551 - Industry News
Can Voda Idea play on the front foot in a market fast resembling a duopoly?
The UK telco's rough ride in India started in 2009, over a retrospective tax demand that was set aside later, but it has lately been in the news for a variety of reasons
 "Can Voda Idea play on the front foot in a market fast resembling a duopoly?")
Deliver baggage within 30 minutes of landing, BCAS tells airlines
The aviation security regulator gives February 26 deadline for compliance
 "Deliver baggage within 30 minutes of landing, BCAS tells airlines")
Madhya Pradesh's tribal-dominated districts to get organic certificate soon
Forest Minister Nagar Singh Chauhan has directed officials concerned to complete all formalities for same. This certification would help tribal communities obtain better prices for their produce
 "Madhya Pradesh's tribal-dominated districts to get organic certificate soon")
Govt panel set to review if nutraceuticals should be brought under CDSCO
The nutraceutical market in India is estimated to reach $ 18 billion by the end of 2025 as compared to $ 4 billion in 2020, according to industry data
 "Govt panel set to review if nutraceuticals should be brought under CDSCO")
Tech cos using content without consent: IPA prez Pansa on AI material
IPA, founded in 1896 in Paris with the promotion and defence of copyright and the freedom to publish, is the world's largest federation of national, regional and specialist publishers' associations
 "Tech cos using content without consent: IPA prez Pansa on AI material")
Adani Total Gas looks to increase adoption of LNG as primary fuel
"The biggest challenge of LNG is distribution. Currently we have only a handful of LNG dispensing stations and hence it is a chicken and egg situation,' Suresh P Manglani, CEO, ATGL said
 "Adani Total Gas looks to increase adoption of LNG as primary fuel")
Realty sentiment index moves upward as financial institutes remain bullish
Real estate consultant Knight Frank and realtors' body Naredco on Sunday released their 39th edition of Real Estate Sentiment Index for Q4 2023 (October-December 2023)
 "Realty sentiment index moves upward as financial institutes remain bullish")
Hybrid mutual funds scheme gain popularity, attract Rs 20,634 crore in Jan
Hybrid funds are mutual fund schemes that typically invest in a combination of equity and debt securities and sometimes in other asset categories such as gold
 "Hybrid mutual funds scheme gain popularity, attract Rs 20,634 crore in Jan")
7 major cities see annual 8% rise in completion of housing units: Anarock
The completion of housing units in Delhi-NCR rose 32 per cent to 1,14,280 units, as against 86,300 units in 2022
 "7 major cities see annual 8% rise in completion of housing units: Anarock")
Paytm Payments Bank row drew fintechs' focus to compliance of laws: MoS IT
The politician, entrepreneur and technocrat disagreed that the Paytm Payments Bank issue had raised worries about detrimental consequences for the entire fintech industry
 "Paytm Payments Bank row drew fintechs' focus to compliance of laws: MoS IT")
RVNL's order book touches Rs 65,000-cr mark, plans to add foreign projects
RVNL is also diversifying to other segments and eyeing many projects in foreign countries
 "RVNL's order book touches Rs 65,000-cr mark, plans to add foreign projects")
Power consumption grows 7.5% to 1354.97 bn units in FY23-24 from Apr-Jan
Experts said that power consumption as well as demand improved in January as mercury fell sharply in the month, especially in North India
 "Power consumption grows 7.5% to 1354.97 bn units in FY23-24 from Apr-Jan")
Ensure timely arrival of baggage at airports after aircraft landing: BCAS
The directive from the Bureau of Civil Aviation Security (BCAS) to seven scheduled airlines also comes against the backdrop of delays in passengers getting their baggage after landing of a flight
 "Ensure timely arrival of baggage at airports after aircraft landing: BCAS")
Global factory check-up about to reveal extent of nascent recovery
A recent uptick in a global index of manufacturing - to the highest level since mid-2022 - has spurred expectations the sector has reached a turning point
 "Global factory check-up about to reveal extent of nascent recovery")
Hyderabad sees 1% fall in registrations of housing properties: Knight Frank
The Hyderabad region has witnessed a 1% annual fall in registrations of residential properties in January to 5,411 units, according to Knight Frank
 "Hyderabad sees 1% fall in registrations of housing properties: Knight Frank")
SpiceJet promoter Ajay Singh and Busy Bee Airways jointly bid for Go First
Sharjah-Based Sky One Also Bids for the Insolvent Airline
 "SpiceJet promoter Ajay Singh and Busy Bee Airways jointly bid for Go First")
Margin gains propel India Inc's Q3 profit despite revenue slowdown
The combined earnings were, however, up only marginally from Rs 3.15 trillion reported in Q2FY24 as well Q4FY23
 "Margin gains propel India Inc's Q3 profit despite revenue slowdown")
IBBI amends resolution rules: Realty insolvency to be project-wise
Share of top 10 realty deals was 87% of total value of PE investments in first 9 months of FY24 (9MFY24)
 "IBBI amends resolution rules: Realty insolvency to be project-wise")
IT industry to grow 3.8% in FY24 to cross $250 billion, says Nasscom
FY24 growth coming at a slower pace, from a growth rate of 8.4% last year
 "IT industry to grow 3.8% in FY24 to cross $250 billion, says Nasscom")
Paytm Payments Bank saga: FASTag makers gear up as demand from FIs rise
According to industry sources, Airtel Payments Bank has placed 5x to 7x more orders for FASTags than they would place in a normal order
 "Paytm Payments Bank saga: FASTag makers gear up as demand from FIs rise")