Page 565 - Industry News
Laser strikes against aircraft including planes surged to new record: FAA
The FAA said pilots have reported 313 injuries since the agency started keeping records in 2010
 "Laser strikes against aircraft including planes surged to new record: FAA")
State refiners may face margin pressure as cheap Russian oil imports dip
Reduction in discounted Russian supplies will affect gross refining margins, as cheaper crude contributes to the profits of Indian Oil, Bharat Petroleum and Hindustan Petroleum
 "State refiners may face margin pressure as cheap Russian oil imports dip")
GNIDA plans to allot 44 industrial plots, expects Rs 5,000 cr revenue
The land allotment for industries will also generate 10,000 employment opportunities, the Greater Noida Industrial Development Authority (GNIDA) said in a statement
 "GNIDA plans to allot 44 industrial plots, expects Rs 5,000 cr revenue")
Job market blues echo in the corridors of India's leading B-schools
Debashis Chatterjee, director, IIM-K, said that they recognise a downturn in the market, but there is no panic in the institute because there was a steady absorption of its students
 "Job market blues echo in the corridors of India's leading B-schools")
'India moving fast in defence production, 2,920 items indigenised so far'
He was speaking on the topic ' Enhancing the participation of MSMEs in the Defence sector' at a state-level conclave of Defence MSMEs in Nagpur, organised by the FICCI
 "'India moving fast in defence production, 2,920 items indigenised so far'")
Govt cuts import duty on smartphone components, spare parts to 10% from 15%
Analysts expect the move to drop smartphone prices by 3%, especially in the entry-level segment
 "Govt cuts import duty on smartphone components, spare parts to 10% from 15%")
Apple tops market in revenue share, Samsung in volumes in 2023: Report
While India's smartphone shipments remained flat in 2023 at 152 million units, Samsung and Chinese mobile phone makers Vivo and Oppo were able to grow their shares
 "Apple tops market in revenue share, Samsung in volumes in 2023: Report")
Centre slashes import duty on mobile phone components from 15% to 10%
This comes just a day before the Centre is scheduled to announce its Interim Budget 2024 in Parliament
 "Centre slashes import duty on mobile phone components from 15% to 10%")
Tata Power-led discoms receive higher consumer service ratings for FY23
Tata Power on Wednesday said six discoms wherein it is a stakeholder have received higher consumer service ratings for FY23 among utilities nationwide
 "Tata Power-led discoms receive higher consumer service ratings for FY23")
MP Cabinet approves Rs 164 cr to build super speciality hospital in Rewa
The council of ministers also took an important decision about the startup policy in the state
 "MP Cabinet approves Rs 164 cr to build super speciality hospital in Rewa")
North East LPG cylinder carriers of Indian Oil Corp go on indefinite strike
The association had also written to the chief secretary on January 5, flagging the same issues and urged him to take necessary steps, he said
 "North East LPG cylinder carriers of Indian Oil Corp go on indefinite strike")
Focus on developing beach tourism, enhance hospitality standards: Kerala
In his presidential address, KTDC Chairman P K Sasi said in the third phase of renovation, 40 rooms had been refurbished in tune with modern aesthetic concepts
 "Focus on developing beach tourism, enhance hospitality standards: Kerala")
India should not cut customs duty on auto sector in any pact: GTRI
India should not cut import duties for the automobile sector under free trade agreements (FTAs) with countries like the UK as it will adversely impact sector and may result in closure of companies
 "India should not cut customs duty on auto sector in any pact: GTRI")
India needs equivalent of BLS in US for jobs data: Wadhwani Foundation CEO
On his expectations from the interim budget, Kela said, "What's missing in India is that there is no solid data in the job space. The US has the BLS, we don't have an equivalent of that"
 "India needs equivalent of BLS in US for jobs data: Wadhwani Foundation CEO")
Congress' Jairam Ramesh accuses govt of importing 5.6 mn tonnes cheap steel
India is currently the world's second-biggest crude steel producer
 "Congress' Jairam Ramesh accuses govt of importing 5.6 mn tonnes cheap steel")
Disability sector can contribute $1 trn to economy by 2047, says expert
India can be a leader in this sector. My proposal was well received in New Delhi, Desai said, referring to his conversations with the top leadership in India, says Pranav Desai
 "Disability sector can contribute $1 trn to economy by 2047, says expert")
Noida, Navi Mumbai airports to initially have flights to 26-28 cities: CAPA
The Navi Mumbai airport, which is expected to start by March next year, is likely to handle 8.8-10.8 million passengers in 2025-26
 "Noida, Navi Mumbai airports to initially have flights to 26-28 cities: CAPA")
MSME hospitals in the pink of health; revenue, margins to remain healthy
Revenue and margins to remain healthy next financial year, too
 "MSME hospitals in the pink of health; revenue, margins to remain healthy")
Private sector space players seek govt relief on FDI and GST exemption
Data from the Indian Space Association (ISPA) reveals that, as of November-end 2023, Indian start-ups had attracted $124 million in funding, compared to $120 million in 2022
 "Private sector space players seek govt relief on FDI and GST exemption")
Desi single malts raise the bar, pour stiff challenge to foreign peers
India's optimal weather conditions serve as a catalyst, imparting a distinctive flavour profile
 "Desi single malts raise the bar, pour stiff challenge to foreign peers")