Page 552 - Industry News

Defence ministry clears procurement of military hardware worth Rs 84,560 cr

The procurement proposals were cleared by the Defence Acquisition Council (DAC), headed by Defence Minister Rajnath Singh

Bite-sized ventures: Street food startups spice up India's culinary scene

Meet the entrepreneurs turning India's streets into gastronomic hotspots

Govt asks industry players to invest in technology towards greener future

The secretary requested all the industry stakeholders to come forward and participate in the RFP process and share their valuable inputs, to make the process transparent and open, it added

Irdai reconstitutes expert committee for Ind AS/IFRS implementation

The committee will also address the requirements of guidance notes, APS, and Education Material from respective professional institutes

Tech industry revenue to touch $254 billion this fiscal, says Nasscom

Excluding hardware, the revenue is expected to touch $199 billion, a growth of 3.3 per cent over FY23

Govt starts centralised processing of filings under companies law, LLP Act

Based on filing trends, the ministry said it is expected that about 250,000 forms will be processed through CPC annually, once it is fully operational

SpiceJet promoter Ajay Singh, Busy Bee Airways bid for bankrupt Go First

SpiceJet announced that it would act as the operating partner for the new airline, providing staff and services

Defence ministry approves proposal to buy 15 maritime aircrafts: Report

The move will give a boost to Centre's push for 'make in India' initiative in a bid to promote self-reliance in the defence sector and overall economic growth

Properties in Bengaluru to get digital ownership document: CM Siddaramaiah

Siddaramaiah said additional non-tax resources of Rs 2,000 crore will be mobilised through revised advertisement policies and premium Floor Area Ratio (FAR) policy from this fiscal year

Small Indian exporters reel as Red Sea crisis helps rivals nab business

Re-routing via the Cape of Good Hope has meant ships sailing from India will often need an extra 15-20 days before reaching destinations in Europe, greatly increasing costs

India's stand on IPRs, pharma help promote growth of generic industry: GTRI

It added that this stance reflects a broader effort to protect traditional knowledge and ensure the availability of affordable medicines, addressing significant global challenges in healthcare and IPR

Warehousing space demand in B'luru, Chennai, Hyderabad down 5%: Vestian

Leasing of warehousing spaces in three major southern cities -- Bengaluru, Hyderabad, and Chennai -- fell 5% to 10.2 mn square feet during the last year on subdued demand, according to Vestian

IHMCL removes PPBL's name from list of banks authorised to issue FASTag

The direction followed persistent non-compliances and continued material supervisory concerns, the central bank had said in a statement

PM to lay foundation stone of NLC's 300 MW solar plant in Rajasthan today

The solar project aligns with the Atma Nirbhar Bharat initiative led by Prime Minister Modi

Cisco latest firm to announce job cuts; 2024 tech layoff tally hits 35,000

US firm Cisco system said that it's been hit by a temporary "pause" in orders from customers who are busy installing equipment they've already acquired

Govt's infra push to spur growth of heating, ventilation, AC sector: ISHRAE

Finance Minister Nirmala Sitharaman in the annual budget for the 2024-25 financial year has allocated Rs 11.11 lakh crore for infrastructure

Offshore mineral blocks' auction process to begin in 2-3 months: Secy

Mines minister Pralhad Joshi had earlier said the rules for exploration of offshore mineral blocks will be finalised soon and then auction of such blocks will start

Nearly 500,000 passengers affected due to flight delays in Jan 2024: DGCA

At the same time, domestic passenger traffic grew 4.69 per cent in January to 13.1 million over the same month of last year, according to the DGCA

Battery capacity lowered due to electric vehicle target scale-down

The government has earmarked Rs 250 crore for incentives under the PLI scheme for batteries in FY24-FY25

Robust cybersecurity shield key for IT providers to retain clients

Global cybercrime damage costs are expected to grow by 15 per cent per year over the next three years, reaching $10.5 trillion annually by 2025