Page 562 - Industry News

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

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 to review tax on online gaming after March: Revenue Secy Malhotra

Online gaming companies including Delta Corp. and Tiger Global-backed Dream11 have seen an increase in demands and notices from tax authorities amid a crackdown on alleged tax evasion

Aluminium, Bauxite industries: Govt extends 'public utility' tag deadline

A public utility service refers to an industry or service considered essential for the community's well-being and functioning

Nalco, NLC India among 10 companies submit bids for coal mines for auction

'The nominated authority, Ministry of Coal has opened bids for the 8th round and second attempt of the 7th round of commercial coal mines' auction today (Monday),' the statement said

Airlines cancel 7,427 flights in 2023 for various reasons: VK Singh

''Eleven domestic airlines, including now grounded Go First, cancelled a total of 7,427 flights, including 3,210 flights cancelled on account of weather and 2,109 due to technical reasons,'' he said

Legal safeguards for independent directors vital to attract top talent

CII has suggested that proceedings against IDs may be initiated only once there is prima facie evidence of their possible involvement in the matter, rather than as a matter of course

Indian toy manufacturers receive orders worth $10 mn at German fair

The exporters said buyers from countries such as the US, the UK, South Africa, and Germany showed interest in their products and placed a good number of orders

Global chip sales forecast to jump 13% after rocky 2023: Industry group

The Semiconductor Industry Association (SIA) forecast a 13.1% jump in global chip sales to $595.3 billion, compared with a drop of about 8% in sales in 2023

Coal production increases by 10.3% to 99.73 million tonne in January

The coal production in the April-January period rose to 784.11 MT (Provisional) over 698.99 MT during the same period in 2022-23, the coal ministry said in a statement

TechEagle partners with 10 Aiims for fast medicine delivery via drones

This mission, aligned with the Pradhan Mantri TB Mukt Yojna, transported essential tuberculosis medicine, exhibiting the potential of drone technology in revolutionising healthcare logistics

Colonial legacy: Corporate control is a 200-year-old problem in India

Many of today's Indian conglomerates also began life this way. In 1958, more than a decade after the departure of British rulers, the Tata Group had nine agencies managing 60 companies

Nearly Rs 41,000 crore unspent from govt's Rs 1.97 trillion PLI fund

This means that 80 per cent of the total allocated amount or Rs 1.56 lakh crore will be used to pay incentives to companies eligible to claim benefits over the next few years

India targeting 15-20% share of global electronic GVCs by FY26: MoS IT

Chance for India to be an export-driven manufacturing hub, says Rajeev Chandrasekhar

CAIT advises traders to switch from Paytm to other payment options

CAIT Secretary General emphasised the urgency of this advisory, urging traders to act promptly and make informed decisions to mitigate any potential adverse effects on their financial operations

Govt, industry discuss ways for successful implementation of PLI schemes

Officials from ministries and departments, including NITI Aayog, electronics, IT, telecommunications, heavy industries, renewable energy, and pharmaceuticals, participated in the discussions

FMCG firms report single-digit volume growth with better margin in Dec qtr

Moreover, the late arrival of winter also impacted the pickup of relevant products such as lotions, oils and creams

Indian toy makers receive orders worth crores at int'l toy fair in Germany

The Nuremberg International Toy Fair concluded on February 3. Over 2,000 exhibitors from over 65 countries participated in one of the world largest toy fairs

GTRI suggests criteria to simplify granting incentives under PLI schemes

"This slow fund spend is unsurprising, considering that setting up greenfield or new manufacturing operations takes time," it said

Uttarakhand approves new film policy to increase subsidy for local films

Film subsidies are a form of government intervention that provides financial support to filmmakers, production companies, and studios