Page 560 - Industry News
Nadella pitches for India, US cooperation on AI norms, other regulations
AI is a powerful new technology that needs to be "diffused" fast to every corner of the world, Nadella said at an event organised by the company here
 "Nadella pitches for India, US cooperation on AI norms, other regulations")
Aether Industries to commission 15 MW solar power plant in Bharuch, Gujarat
The solar power farm will be in Gujarat's Bharuch District and spread across 60 acres
 "Aether Industries to commission 15 MW solar power plant in Bharuch, Gujarat")
Rooftop solar charges up electric vehicle boom in India's smaller cities
Rajasthan, Gujarat, and Kerala see more users
 "Rooftop solar charges up electric vehicle boom in India's smaller cities")
India to invest $67 bn in 5-6 years for developing gas sector: PM Modi
Ethanol policy has helped in reducing carbon emissions and fuel import bill, he says
 "India to invest $67 bn in 5-6 years for developing gas sector: PM Modi")
Domestic air traffic down 5%, international traffic up 1% in January
Average daily international air traffic increased by 1.28 per cent MoM to 212,479 in January as foreign tourists continue to come amid the peak travel season that is expected to go on till March
 "Domestic air traffic down 5%, international traffic up 1% in January")
India's FMCG market grew in Q3 FY24 on higher consumption: Report
Rural demand is on the recovery path, marked by a growing preference for larger packs: NielsenIQ
 "India's FMCG market grew in Q3 FY24 on higher consumption: Report")
Parliamentary panel for introduction of composite licence for insurers
The panel also suggested a reduction in the GST rate on insurance products, especially health and term insurance, which is 18 per cent at present
 "Parliamentary panel for introduction of composite licence for insurers")
Govt saves $6 bn on Qatar LNG deal renewal, signs $78 bn pact for 20 years
As per the 1999 deal for 7.5 MTPA, the renewal was to be agreed upon five years prior to the end of the supply term. That deadline was in December 2023
 "Govt saves $6 bn on Qatar LNG deal renewal, signs $78 bn pact for 20 years")
Large part of Rs 11 trn capex for FY25 to flow into energy sector: PM Modi
The Interim Budget, presented on February 1, projected a capex of Rs 11 trillion for next year, up from Rs 10 trillion in FY24
 "Large part of Rs 11 trn capex for FY25 to flow into energy sector: PM Modi")
Chipmakers warn of subdued demand from industrial, wireless tech segments
A slowdown in industrial production was also apparent at competitors STMicroelectronics NV and Texas instruments Inc., which both gave disappointing forecasts last month
 "Chipmakers warn of subdued demand from industrial, wireless tech segments")
Paytm crackdown spooks merchants; Walmart, Google targeting same vendors
Cash was once king in India, but Paytm is credited with revolutionising India's digital payments market which is set to be worth $10 trillion by 2026
 "Paytm crackdown spooks merchants; Walmart, Google targeting same vendors")
Mumbai, Bengaluru in top 10 cities with highest home price rise in APAC
In the region, Singapore saw the highest price rise followed by Perth and Brisbane
 "Mumbai, Bengaluru in top 10 cities with highest home price rise in APAC")
Digital commerce platform OTO raises $10 mn from K L Rahul, others
Digital commerce platform OTO on Tuesday said it raised USD 10 million (around Rs 83 crore) from a clutch of investors, including cricketer K L Rahul
 "Digital commerce platform OTO raises $10 mn from K L Rahul, others")
India to see investment of $67 bn in next 5-6 years in energy sector: PM
India, Modi said, is the third-largest consumer of crude oil and LPG and the fourth-largest importer of LNG
 "India to see investment of $67 bn in next 5-6 years in energy sector: PM")
Shapoorji Pallonji Real Estate eyes Rs 250 cr revenue from new project
Shapoorji Pallonji Real Estate is expecting over Rs 250 crore revenue from its new housing project in Mumbai and has raised Rs 55 crore to finance the development.
 "Shapoorji Pallonji Real Estate eyes Rs 250 cr revenue from new project")
On Paytm crisis, startup founders write to PM, RBI to review curbs: Report
Paytm crisis: Last Wednesday, the RBI prohibited Paytm Payments Bank from accepting further deposits, crediting any transactions on customer accounts, digital wallets, etc, beyond February 29
 "On Paytm crisis, startup founders write to PM, RBI to review curbs: Report")
Finance ministry asks banks to expeditiously resolve issues of exporters
Insurance related issues faced by traders were discussed with IRDAI and progress made on those issues were informed by IRDAI, the statement said
 "Finance ministry asks banks to expeditiously resolve issues of exporters")
'Marginal' dip in manufacturing jobs during Covid-19 pandemic: ASI
According to ASI data, the employment in the manufacturing sector during the Covid pandemic year (FY21) declined by 3.2 per cent (year-on-year) to 16.08 million
 "'Marginal' dip in manufacturing jobs during Covid-19 pandemic: ASI")
Cement sales growth in Q3 subdued at 3-4%, say industry executives
Industry executives attributed the impact on demand to a host of factors, including floods in South India, construction bans in the National Capital Region, and fiscal challenges in Bihar, Jharkhand
 "Cement sales growth in Q3 subdued at 3-4%, say industry executives")
Govt puts Vedanta Group's mega fab unit proposal on the back burner
The vedanta Group's joint venture (JV) with leading technology service provider, Foxconn, fell through last year
 "Govt puts Vedanta Group's mega fab unit proposal on the back burner")