Page 569 - Industry News

'Fund inflow in real estate from foreign investors dips 30% to $2.73 bn'

According to Vestian data, the total institutional investments in real estate declined 12 per cent to $4.3 billion in 2023, from $4.9 billion in the previous year

100 new biogas plants will soon be established in UP: Hardeep Puri

Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Saturday said that 100 new biogas plants will soon be established in Uttar Pradesh

India-France defence industrial roadmap; Tata, Airbus sign helicopter deal

The French president began his two-day visit to India from Jaipur and was the chief guest at the Republic Day celebrations in Delhi on Friday

US media layoffs top 3,000 in past year as digital ads disappoint

The job reductions include some of the most storied names in the business. Time magazine cut 15% of its staff. Conde Nast, publisher of Vogue and the New Yorker, has let go 5%

Retailers expect to shrug off January blues over Republic Day weekend

Electronics and consumer durables are also expected to witness a rise in sales and customers are expected to pick-up more mobile phones this long weekend

Interim Budget: Come Feb 1, industry bodies stand behind capex boost

Earlier, the Finance Act 2021 had extended the sunset date under the concessional tax regime of Section 115 BAB by only one year to 31 March 2024

India has huge potential to be aircraft mfg hub: Scindia to Airbus CEO

India is one of the key markets for Airbus, which received orders for more than 700 planes from IndiGo and Air India last year

85 technology companies show exit door to over 23K employees this year

According to the layoff tracker layoffs.fyi, 85 companies have already handed pink slips to 23,770 employees in 2024. This is on the back of 2,62,595 employees being sacked by 1,187 companies last yr

UK antitrust regulator begins investigation of Vodafone-Hutchison merger

The tie-up announced last year will reduce the number of mobile networks in Britain from four to three

Tata group and France's Airbus to manufacture helicopters together

France is already India's second largest arms supplier and the South Asian nation has relied on its fighter jets for four decades now

Oil regulator PNGRB launches drive to increase piped gas adoption

Stating that natural gas is clean and convenient fossil fuel, PNGRB said the campaign will be focussed on those areas where gas pipeline network has been laid or will be laid in the immediate future

French aerospace giant Thales plans to set up avionics MRO in Delhi

The decision to set up the avionics MRO (maintenance, repair, and operations) in Delhi is a "key initiative," a person in the know said

Govt halves support to oil firms, defers filling strategic oil reserves

The government has halved the amount of equity infusion in state-owned fuel retailers to Rs 15,000 crore for supporting their investments in energy transition projects, the finance ministry has said

Food-delivery platform Swiggy to cut 350-400 jobs across verticals

On-demand convenience platform Swiggy is understood to be preparing to cut around 400 jobs across various verticals as part of preparations for its initial public offering

Flipkart leads e-comm mkt with 48% share, Meesho fastest growing platform

The report said that Meesho's around 80 per cent of the sellers are retail business owners and about 95 per cent of the selection on the platform is unbranded

Job cuts in Britain 'least bad option', will continue talks: Tata Steel CEO

The steelmaker will close its two blast furnaces in Britain by the end of this year, axing up to 2,800 jobs at its Port Talbot steelworks in Wales

Parboiled rice rates spring to record highs on low supplies, firm demand

Traders noted that domestic supplies are accumulating, and that harvest has begun partially in the Mekong Delta, which is expected to peak in March

Chorus of Boeing critics mounts as airline CEOs call out planemaker

Alaska Air CEO Ben Minicucci echoed the sentiment, saying the carrier will "hold Boeing's feet to the fire to make sure we get good airplanes"

Weather risk emerges on radar of insurance industry after $70 billion hit

The development is forcing the industry to rethink some of its risk assumptions amid a clear uptick in the number of thunderstorms across Europe

Ola's mobility business made profit in FY23: Goal to serve 1 bn Indians

Hemant Bakshi, a former top Unilever executive, to lead Ola Mobility as CEO, with an aggressive growth focus