Page 563 - Industry News

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

GST authorities: Penalty for Tobacco cos not registering packing machines

The Finance Bill, 2024, introduced amendments to the Central GST Act, where a penalty of Rs 1 lakh would be levied for every machine not registered

Punjab CM Mann to hand over job letters to 10 state players in Chandigarh

The ten players to be presented with the appointment letters include nine players from the Tokyo Olympic Games winning team in hockey and Indian women's cricket team captain Harmanpreet Kaur

Adani's $1.2 bn Mundra copper plant to boost India's metal production

For Phase-1, capacity of 0.5 million tonnes per annum, KCL achieved financial closure through a syndicated club loan in June 2022

PM lays foundation stone for 1st phase of NLC India Talabira power project

Prime Minister Narendra Modi laid the foundation stone of the first phase of NLC India Talabira Thermal Power Project in Odisha.

Energy boost: ONGC, IOC, other oil PSUs to invest Rs 1.2 trn in FY25

The investment planned by IOC is less than Rs 31,254 crore spending in the current 2023-24 fiscal

PLI scheme to support industry only initially, not create dependency: Goyal

'Ultimately, competition will prevail,' he said, urging industry to be more outward-looking in terms of scaling businesses

100 delegates from 31 nations take part in session of committee of spices

The CCSCH was established as one of the commodity committees under the CAC in 2013

Interim Budget 2024: FMCG companies poised for rural demand revival

Budget schemes to revive demand over a period of time

Verify credentials of firms placing job ads: Press Council to newspapers

In a statement here, the PCI advised the print media to adhere to the Norms of Journalistic Conduct while publishing employment related advertisements

PLI to only give kickstart, ultimately competition will prevail: Goyal

More than 1,200 stakeholders, including government officials and industry players are meeting here and deliberating on the progress of 14 PLI schemes

India increases windfall tax on petroleum crude to Rs 3,200 per tonne

India raised its windfall tax on petroleum crude to 3,200 rupees/ton from 1,700 rupees from Saturday while keeping the windfall tax on diesel and aviation turbine fuel at zero

India's PV sales to slow down in FY25, EV market to be steady: ICRA to Siam

Commercial vehicle market expected to retreat in election year

DPIIT to meet over 1,200 stakeholders on Sat, may discuss fresh PLI targets

The first-of-its-kind meeting will see participation of all 10 ministries/ departments, project management agencies, and industry meetings

Spectrum auctions, high payments to help hit Rs 1.2 trn telco revenue goal

Non tax revenue from the telecom sector rose by 44 percent in FY24

Power PSUs to implement PM Suryodaya Yojana: Power minister R K Singh

He said subsidy under PMSY would be 60% of the total project cost and the balance would be the loan

MNRE releases guidelines on use of green hydrogen in shipping sector

The Scheme will be implemented with a total budgetary outlay of Rs 115 crore till the financial year 2025-26, the Ministry of New and Renewable Energy (MNRE) said in a statement

Authorities look at Airport design, e-biometrics to speed up immigration

During the meeting, there were discussions on the solutions derived from studying international airport model such as those of Singapore and Canada