Page 573 - Industry News

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

BSE 200 scorecard: From IGL to Zee, reading the tea leaves from FPI move

Krishna Kant and Ram Prasad Sahu track the investments made by foreign portfolio investors in BSE 200 companies - a move that is seen as pivotal to the future of a stock on bourses

From IRCTC to ITC, stocks that may benefit from Ram Temple opening

Several popular religious destinations, according to Jefferies, attract annual tourist traffic of 10-30 million despite the existing infrastructural bottlenecks

Govt expands scope of financial services that can be taken up at IFSC

As per notification issued by the Ministry of Finance, various services, including book-keeping, accounting, taxation, and financial crime compliance, have been included as part of financial services

Q3 result preview: US, India to aid revenue growth for Pharma Inc

In the healthcare segment, hospitals are expected to post revenue growth of 13 percent during the coverage, while the net profit growth would be around 37 percent, ICICI Securities said in a note

Centre asks GSI, others to increase pace of mineral blocks exploration

The government on Monday asked the Geological Survey of India (GSI) and other agencies to speed up exploration of mineral blocks.

Govt evaluating 9 proposals on semiconductor manufacturing: MoS IT

The Centre provides financial assistance to semiconductor manufacturers under its $10-billion incentive scheme, announced in 2021

77% of Gen Z students shows interest in technology industry: Report

Millennials and Gen Zs constitute around 90 per cent of the tech workforce in India enabling higher generational diversity and driving a shift in preferences

Domestic coal-based power generation rises 7% to 872 bn units in Apr-Dec

Domestic coal-based power generation increased 7.14 per cent to 872 billion units (BU) in the April-December period of the current fiscal.

Increase import duty on paper, paperboards to 25% in Budget: Industry body

IPMA President Pawan Agarwal urged the government to keep paper and paperboard on the negative list while reviewing the existing FTAs (ASEAN, South Korea and Japan) and formulating new ones

Ram temple consecration: Ayodhya to be India's biggest tourist hotspot

At present Ayodhya has around 17 hotels with 590 rooms. 73 new hotels are in the pipeline, of which 40 are already under construction

The online ad cookie is crumbling as Google Chrome secures privacy

Businesses rethink digital strategy as the world's most popular browser phases out a key way of tracking users

EVs adoption key for transition to low carbon economy by 2047: DPIIT secy

He said that a shift in the modal share of freight from road to rail will be an effective lever to decarbonise the freight transport sector