Page 572 - Industry News

Apparel exporters seek tax incentives in Budget to boost manufacturing

Regarding the Goods and Services tax (GST), it said that a uniform tax of 5 per cent only should be levied across the entire MMF (Man-Made Fibre) value chain (fibre, yarn and fabric)

In India's drive to boost tourism, tax becomes roadblock for industry

Sector struggling to recover from effects of pandemic created 1.6 mn jobs in 2023

Demand for spaces in malls pushed retail leasing to all-time high in 2023

Among the sectors, retail leasing was led by fashion and apparel which accounted for around 32 per cent of the total

India business growth at four-month high in January, shows survey

That put the index above the 50-mark that separates expansion from contraction for the 30th consecutive month

95% of Indian parents concerned about screen addiction of children: Survey

An overwhelming 95% of Indian parents are deeply concerned about screen addiction, while 80% and 70% expressed worries regarding gaming addiction and adult content consumption

3-wheeler dominance gives Bajaj confidence to try 2-wheelers running on CNG

Undaunted, Bajaj is looking at launching a CNG-powered motorcycle by 2024-25 and then testing the market with a CNG scooter. For projections, it is looking at electric two-wheelers as an indication

Railway freight earnings second-highest since Covid, quantity carried grows

Nearly half the goods transported is coal; share of food grains declines

Meity may seek Cabinet approval for Rs 10,000 cr India AI programme

Speaking about the centre, Minister Chandrasekhar said that partnerships with companies like Synopsys are the building blocks of India's ambitions in semiconductors

Interim Budget 2024-25: Mobile tower companies seek input tax credit

The largest players in the industry, including American Towers, Indus Towers, and Summit Digitel, are members of DIPA

Coal production to touch 1 bn tonnes for first time: Union minister Joshi

Union Minister for Coal and Mines Pralhad Joshi on Tuesday said for the first time, the country's coal production is going to cross 1 billion tonne.

Meity to seeks govt nod for India AI program entailing Rs 10,000 cr: MoS IT

Working groups formed by the government on Artificial Intelligence (AI) on Friday recommended setting up a three-tier compute infrastructure comprising 24,500 Graphics Processing Units (GPUs)

Home truths: Luxury real estate looks set to retain its sheen this year

Stamp duty cuts, reduced circle rates, changing demographics propel high-end homes to new heights

Budget wishlist: Telecom infra providers bat for availability of input tax

Being a sunrise sector, telecom has been providing affordable-quality assured communication services, DIPA noted

Uttar Pradesh government plans to cash in on semiconductor PLI scheme

With domestic semiconductor demand projected to jump 10 times to $100 billion by 2025 from $10 billion in 2020, the state is aiming to emerge as a leading player in the segment

Cement industry to add 150-160 million tonnes capacity by FY28: CRISIL

In the past five fiscals, the industry has added capacity by 119 million tonnes (MT) per annum to reach a total of 595 MT now, according to a Crisil Ratings report

ISMA demands diversion of additional 1-1.2 mn tonnes sugar to make ethanol

"We also believe that sugar production in the current year could be higher than what was expected earlier," ISMA said in a statement

Malaysia Airlines aims to expand in India; eyes codeshare pact with carrier

Malaysia Airlines, the national carrier that is part of the Malaysia Aviation Group, operates a total of 69 weekly flights to nine Indian cities

Realty reality: Will luxury housing in India lose its sheen in 2024?

Luxury housing in India witnessed a record-breaking year in 2023 as the sales of such homes touched an all-time high. Now, is the demand for these costlier homes likely to continue in 2024 as well?

Striking balance: CCI may tailor penalties for global corporations

The base penalty would be calculated on a company's relevant turnover, which is the turnover related to the product or service infringing on the law in the domestic market

Global investments in Indian real estate sector dip due to high inflation

India's real estate market has been an attractive destination for global investors, particularly from the US, since 2006