Page 575 - Industry News
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
 "Increase import duty on paper, paperboards to 25% in Budget: Industry body")
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
 "Ram temple consecration: Ayodhya to be India's biggest tourist hotspot")
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
 "The online ad cookie is crumbling as Google Chrome secures privacy")
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
 "EVs adoption key for transition to low carbon economy by 2047: DPIIT secy")
Goods & services exports marginally up at $765.6 bn in 2023: Govt
The merchandise imports also dipped by 7 per cent to $ 667.73 billion last year as against $ 720.2 billion in 2022
 "Goods & services exports marginally up at $765.6 bn in 2023: Govt")
FMCG companies likely to cash in on Korean noodles trend in India
According to the latest data shared by consumer intelligence firm NielsenIQ, the size of the Korean noodles market has surged from Rs 2 crore in 2021 to over Rs 65 crore in 2023
 "FMCG companies likely to cash in on Korean noodles trend in India")
Average selling price of passenger vehicles in India up by 50% in 5 years
ASP has gone up from Rs 7.65 lakh in 2018-19 to Rs 11.5 lakh in 2023-24, according to the industry. Premiumisation, changing regulatory norms and SUV craze lead to price hikes
 "Average selling price of passenger vehicles in India up by 50% in 5 years")
India set to export indigenously-developed 4G, 5G stacks in 2024: Officials
Indian technology has garnered global interest amid govt's aggressive marketing
 "India set to export indigenously-developed 4G, 5G stacks in 2024: Officials")
Private, state ports' growth outpaces central counterparts till Q3 FY24
At 604 million metric tonne (mmt), cargo at major ports grew by 5 per cent between April and December, while non-major port cargo traffic grew by 11 per cent at 531 mmt
 "Private, state ports' growth outpaces central counterparts till Q3 FY24")
On a test track: Foxconn's venture with HCL puts sheen on OSAT biz in India
A lot could depend on how well Micron's project takes off
 "On a test track: Foxconn's venture with HCL puts sheen on OSAT biz in India")
DDA released Rs 460 cr to 2,300 bidders in housing scheme in record time
EMDs of all but 50 bidders have been credited to their bank accounts. The remaining is held up due to various procedural issues with the banks and will be credited soon, the statement said
 "DDA released Rs 460 cr to 2,300 bidders in housing scheme in record time")
Jewellers come up with new collections ahead of Ram temple consecration
Senco Gold & Diamonds has launched its 'SiyaRam' collection, while Kalyan Jewellers introduced 'Nimah', a heritage jewellery line-up, company officials said
 "Jewellers come up with new collections ahead of Ram temple consecration")
Ram Mandir inauguration: Telcos enhance network connectivity in Ayodhya
DoT and other central, state, and municipal departments ensured speedy approvals in providing space for towers, movement of material, and manpower, thus enabling immediate execution, Vi said
 "Ram Mandir inauguration: Telcos enhance network connectivity in Ayodhya")
Industrial and logistics space demand hit record in 2023: CBRE report
The consultant noted that diverse industries, including e-commerce, retail, and manufacturing, chose to outsource their supply chain operations to 3PL firms
 "Industrial and logistics space demand hit record in 2023: CBRE report")
PM reiterates call to promote domestic tourism, urges 9 pledges for people
Addressing the foundation stone-laying ceremony of Khodaldham Trust Cancer Hospital in Gujarat, PM Modi urged fellow countrymen to take nine solemn pledges, including promoting tourism in the country
 "PM reiterates call to promote domestic tourism, urges 9 pledges for people")
On-ground campaigns to screening, corporates join Ram Temple fervour
Leading multiplex operator PVR INOX has announced live screening of Ram Mandir inauguration during the consecration ceremony on its 160 cinema screens across 70-plus cities on January 22, 2024
India Inc lauds establishment of gender equity Alliance at WEF meet 2024
Lauding the initiative, apex industry chamber CII's president R Dinesh said, "The leadership of India for women empowerment during its Presidency of G20 was well recognized"
 "India Inc lauds establishment of gender equity Alliance at WEF meet 2024")
Budget 2024: GJEPC seeks import duty cuts on gold, polished diamonds
It urged the government to introduce the Diamond Imprest Licence again and cut import duties
 "Budget 2024: GJEPC seeks import duty cuts on gold, polished diamonds")
Jindal Stainless MD calls for removal of raw material duties in Budget 2024
At present, 2.5 per cent import duty is levied on ferro nickel and 5 per cent on ferro molybdenum
 "Jindal Stainless MD calls for removal of raw material duties in Budget 2024")
Ludhiana's hosiery players bear losses due to weak demand, lack of orders
Several states like Uttar Pradesh, West Bengal, Rajasthan, Himachal Pradesh, Delhi, Bihar and Haryana are among key markets for the hosiery sector
 "Ludhiana's hosiery players bear losses due to weak demand, lack of orders")